Retail
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C&R to up Mall Fund stake
Capital & Regional is to increase its holding in the Mall Fund from 91.82% to 99.13%
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‘Co-op in denial’ chief admits
The Co-operative Group’s chief executive Richard Pennycook has admitted that the group was in denial as it lurched close to collapse. Pennycook admitted the group “nearly failed” after a £1.5bn…
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Punch finally agrees debt deal
Punch Taverns is to end its long struggle to refinance its debt when a £2.4bn deal is agreed with Royal Bank of Scotland. The deal has taken two years to…
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Fifth Tesco executive to step down
Tesco has asked a fifth senior executive to step aside as investigations into the company’s mis-statement of profits continues. Commercial director Kevin Grace is to step aside, it was announced.…
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Barnet names Brent Cross shortlist
Barnet council has named the second-round shortlist for a joint venture partner to turn Brent Cross Cricklewood South into a 15m sq ft development.
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Davis returns to Daniel Watney
Independent property consultancy Daniel Watney has appointed James Davis as partner to head its building consultancy team.
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Westfield’s £1bn Croydon plans ‘not viable’, judge told
A £1bn redevelopment of a Croydon shopping centre is “simply unviable”, according to current leaseholders opposing the scheme in the high court
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Ranked: UK retail centres of vitality
Westfield London, Chelsea and Knightsbridge are the most highly ranked retail centres in terms of vitality, according to a new report
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TH Real Estate shops in Australia
TIAA Henderson Real Estate has agreed to buy a 75% interest in the Mt Ommaney centre in Brisbane, Australia, for A$416.5m (£227.2m).
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Rockar Hyundai opens at Bluewater
Rockar Hyundai, a new car retailing concept, is to open at Bluewater in Kent.
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TIAA raises €100m for German retail
TIAA Henderson Real Estate has raised €100m for its Core German Retail Fund
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NewRiver plans 1m sq ft expansion
UK REIT NewRiver Retail has grown its portfolio by 21% in Q3 2014, with assets under management now standing at £735m as of 30 September