Greggs growing away from the High Street
Greggs the bakers, which until last year has been one of the high street's growth businesses, today reported that LFL sales for 2012 were down 2.7%, yet total sales were up 4.8% thanks to new sales from wholesaling and franchises. The Newcastle-based firm has 1671 shops around the country, but 48% ...
Posted: 09/01/2013
End of Mayfair trophy development dream for Richard Caring
Richard Caring, through his GSL Limited vehicle bought the former US Navy building at 20/21 Grosvenor Square, which served as General Dwight D Eisenhower’s headquarters during the second World War, with a £240 million loan from Irish Nationwide in 2007. It's not known what he paid for it at tende...
Posted: 20/12/2012
British Land confirms Aramco letting in the West End as further evidence of West End office recovery towards 2007 peak
British Land's annoucement today that it has let a further one and a half floors of it's West End office development at 10 Portman Square to the UK affiliate of Aramco, the Saudi oil company, at a headline rent of £92psf on a 15 year lease with no breaks, just a week after Aspect Capital took two f...
Posted: 30/11/2012
Capital Shopping Centres hold firm as the high street struggles in Q3
In it's Q3 statement today, Capital Shopping Centres, the shopping centre REIT, reported that it is doing better than the high street. At CSC for the year to date footfall is down 1% on the same period in 2011, while in the high street UK national retail footfall measured by Experian, is down 3%.U. K...
Posted: 06/11/2012
JJB Sports add to High Street dilemma
JJB Sports has finally bowed to the pressure of failing to make enough cash to keep itself going, by appointing KPMG as administrators. Today 160 JJB Sports shops will not open, the remaining 20, it's warehouse and it's Wigan HQ will be transferred to Sports Direct, the value oriented retailer owned...
Posted: 02/10/2012