Issue 2018 December 4th

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    UK shopping centre group divest three properties after second deal fails

    UK and Spain shopping mall owner intu Properties has agreed on the sale of three properties for a total of £25.3 million, as part of its current disposal and capital recycling programme. One of the properties to be sold is a freehold investment in Brierley Hill in West Midlands, with a gross internal area of [...]
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    Controversial retail boss calls for online tax in appearance before MPs

    Mike Ashley, the founder and chief executive of Sports Direct, has called for a tax on retailers that make more than a fifth of sales online as he warned that many UK high streets are “already dead” and more would be killed off without government intervention. In a fractious appearance before MPs who are investigating [...]
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    Dutch retailer completes deal and claims investment will help change model

    Following the recent approval by the Dutch Authority for Consumers and Markets (ACM), Ramphastos and HEMA have announced that the acquisition of HEMA has been completed. HEMA can now “fully focus on its strategic plans for the coming years”, the company said. The aim of these strategic plans is to further drive HEMA’s growth and [...]
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    Retail and leisure extension confirmed for UK south coast scheme

    LGIM Real Assets (Legal & General) has launched a new £85 million retail and leisure extension which forms part of Legal & General’s £220 million retail and leisure scheme, formerly known as the Eastbourne Arndale Centre. The extension has been an important catalyst for the wider regeneration across the town and is primed to create [...]
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    German landlord extends Christmas strategy for service

    ECE has once again significantly expanded its Christmas season service campaign, “Heavenly Service,” this year. In more than one hundred ECE-operated shopping centres in Germany, Italy, Austria, Poland, and the Czech Republic, numerous additional service offers with a greater number of service employees and even more small gifts are making Christmas shopping as easy, pleasant, [...]