Issue 2019 June 11th

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    Arcadia CVA set to be rejected according to local reports

    Shopping centres owner intu will vote against a revised survival plan for Sir Philip Green’s Arcadia fashion empire, according to some newspaper reports today. Landlord Intu, which leases 35 stores to Green’s brands including Dorothy Perkins and Topshop, will not back a restructuring at the vital meeting tomorrow. It is understood that the shopping centre company believes [...]
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    UK retail needs rules need relaxing on Chinese visitors

    The UK retail industry continues to be impacted by restrictions on visas for Chinese visitors, according to tax redemption specialist Planet. The company said that London continues to trail rival Paris by a ratio of three to one for Chinese visitors and said that even the Gilets Jaunes protests in the French capital have failed [...]
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    UK footfall plummets with declines in every region

    UK retail results have shown a sector against the ropes as early year promise has been replaced by sobering footfall figures. Covering the four weeks 28 April – 25 May 2019, footfall declined by 3.5% in May, compared to the same point last year when it declined by 0.4%. On a three-month basis, footfall decreased [...]
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    Baltic market attracts more retail investment from international players

    Northern Horizon Capital, the management company of Baltic Horizon Fund, signed an agreement with Linstow to aquire 100% shares of Tampere Invest SIA, which owns Galerija Centrs Shopping Centre in the heart of Riga. The purchase price is €75 million, which corresponds to an estimated entry yield of approximately 6,7%. The transaction is expected to [...]
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    CapitaLand to divest three Chinese malls in asset recycling

    CapitaLand has announced that its subsidiary and associated companies have entered into an agreement with CapitaLand Retail China Trust (CRCT) to divest their interests in three companies that hold three malls in China – CapitaMall Xuefu and CapitaMall Aidemengdun in Harbin and CapitaMall Yuhuating in Changsha. The divestment of the three companies is based on [...]