Issue 2018 March 6th

    Eataly at Broadgate CGI

    Italian gourmet offer confirms London debut with UK REIT

    Eataly is to open its first UK location at Broadgate’s 135 Bishopsgate in 2020, British Land and Eataly, the Italian marketplace, confirmed after the latter signed an agreement 42,000 sq ft on the ground and first floors of the building. The letting marks another step in Broadgate’s evolution into a mixed-use neighbourhood for London, and [...]

    UK retailers reeling as closures and bank warnings show tough times continue

    The high street crisis spread on Friday last week as mother and baby retailer Mothercare said it was in talks with its banks, and Sports Direct increased its stake in another struggling retailer, department store chain Debenhams. After Carpetright’s profit warning on Thursday, and the collapse of Toys R Us and Maplin earlier in the week, Mothercare became [...]

    French grocery giant facing challenging times ahead

    Shares in Carrefour dropped more than 8% on Thursday morning last week after the French retailer issued a set of annual results that illustrated the scale of the challenge facing its new chief executive, Alexandre Bompard. The world’s second-largest retailer by revenues reported a sharp fall in operating profit and slowing sales after markets closed [...]

    Developer unveils expansion plans for London scheme

    Quintain has unveiled an ambitious plan for the retail and leisure attractions at its £3bn Wembley Park transformation, one of Europe’s largest urban regeneration projects. Independent shops and restaurants, spaces for start-ups and artists’ studios and social spaces are at the core of the plans. Models and proposals for the scheme were revealed by developer [...]

    Leisure fund raises second round for UK leisure and F&B developments

    Otium Real Estate has launched its Otium Leisure Ventures II fund following the success of the first Otium Leisure Ventures fund. Otium Real Estate focuses exclusively on leisure property investment.  Otium owns leisure parks across the UK featuring tenants such as cinemas, gyms, restaurants as well as many other types of leisure operators. The new [...]