Hammerson snaps up malls March 23, 2011 Anglo-French retail property owner Hammerson has bought six British retail assets for £208m, equivalent to a yield of seven per cent, from St Martins Property Investments. The biggest asset in the portfolio is the Centrale shopping centre in Croydon. Hammerson also bought up the remaining 75 per cent interest in Central Retail Park in Falkirk [...]
THE M25 OF RAILWAYS GETS BORIS’ THUMBS UP February 28, 2011 THE M25 of railways: not the most illustrious description of a rail link designed to ease commuter congestion, but the one that Mayor of London Boris Johnson chose to use yesterday at the opening of the latest extension of the East London Line. Luckily he was referring to the new line’s aim to be an [...]
Hammerson in exclusive talks to buy British malls worth £400m December 16, 2010 PROPERTY firm Hammerson has entered exclusive talks to buy six shopping centres worth around £400m from Kuwaiti property company St Martins, a source familiar with the deal said yesterday. Retail-focused Hammerson is the preferred bidder for malls including Centrale in Croydon and West 45 in Hammersmith, as well as several retail parks that includes Riverside [...]
Hammerson in exclusive talks to buy British malls worth £400m December 16, 2010 PROPERTY firm Hammerson has entered exclusive talks to buy six shopping centres worth around £400m from Kuwaiti property company St Martins, a source familiar with the deal said yesterday. Retail-focused Hammerson is the preferred bidder for malls including Centrale in Croydon and West 45 in Hammersmith, as well as several retail parks that includes Riverside [...]
Best Buy bullish over the UK’s consumer climate October 25, 2010 US electricals giant Best Buy has said its UK launch has been a success with new stores trading ahead of expectations. The retailer opens a new store in Croydon on Friday and insisted it was upbeat about the long-term prospects for the consumer sector, despite data showing a bleak picture as the government’s cuts hit [...]
Metro Bank beats its own growth targets November 28, 2010 METRO Bank, set up in July to rival the high street banks, has hit its annual targets in the first three months of business, chairman and co-founder Anthony Thomson said yesterday. Metro, which has four branches in London, will now accelerate its expansion with eight additional outlets in the next year including banks in Kensington, [...]
PROPERTY NEWS October 21, 2010 HOME BUYERS GO GREEN It appears that Britons’ global conscience is alive and well. A new survey commissioned in advance of Energy Saving Week (25-31 Oct) says that over half of people are attracted to a new home because of its energy efficiency. Well, ok, maybe there is a little bit of self-interest there: the [...]
BestBuy launches UK website November 3, 2010 US electricals retailer Best Buy today launches a website for customers in the UK. The launch follows its opening of five stores across the UK, including a Croydon branch last month. BestBuy is new to the UK market but seeking to take on the likes of Dixons in the battle for sales of electrical goods [...]
Metro Bank taps investors for £45m to speed up expansion October 31, 2010 METRO Bank, the first start-up banking venture to hit the UK in over a century, is planning to tap its investors for £45m in fresh funding in order to double the rate at which it opens new stores. Metro now plans to open eight stores within the first year and 10, possibly more, in its [...]
FOCUS ON: CROYDON, GREATER LONDON March 11, 2010 CHELLOWS, BIRCH HILL, SHIRLEY HILLS, CR0 5HT Price: £2.495m An extremely spacious five bedroom detached property, this house has a separate annexe and is located in a private road. There is a smart kitchen/breakfast room and a garden/music room with a bar. It comes with 1.3 acres of landscaped gardens and a heated swimming pool. [...]