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Arc of triumph?

The new scheme in Bury St Edmunds has brought a slew of new retailers to the area, Hannah Prevett reports

When every penny counts

Footfall is a vital metric for both centre management and tenants. Garnered and used effectively, this information can help drive sales. Shopping Centre reports

Getting it right

Michel Nangia tells Hannah Prevett why counting customers and getting it right is crucial at Resolution Property's factory outlet scheme in Bilbao

Watching me, watching you

As crime levels rocket as a result of the recession, CCTV remains one of the key weapons in a shopping centre's arsenal, as Hannah Prevett discovers

Catching the credit crunch criminals

Security teams need to up their game during the downturn, discovers Hannah Prevett

Draft with care

The standard institutional lease is a thing of the past and no two letting agreements are the same in the
current market, writes Andrew Lewry

Season’s greetings

Seasonal star Calendar Club is already on the lookout for sites for its 2009 trading season. Graham Parker reports

Viewpoint

 

Letters

In the current market, it seems that only the well-capitalised, corporate businesses are doing well. But with fewer and potentially more powerful brands at play, what is next for the many independent retailers that require our much-needed moral and promotional support for their survival?

Retail sales slump

UK retail sales remain depressed according to the latest Retail Sales Monitor from the BRC and KPGM, with like-for-like sales values down 1.2 per cent in the year to March 2009.

Top 15 most international retail markets

The United Kingdom remains the world’s most international retail market, and falling values are helping it maintain its ability to attract the world’s top retailers, according to new research from CB Richard Ellis.

Investment levels up

The £527m sale of a 50 per cent stake in Meadowhall to London & Stamford meant that shopping centre investment turnover increased in the first quarter of 2009. According to Jones Lang LaSalle, the first three months of 2009 saw £817m of investment deals from seven shopping centres, an increase from £255m from eight deals in the first quarter in 2008. The average lot size also increased, with £38m compared to £32m in 2008.

Number of unit voids climbs

Retail vacancies are continuing to rise inexorably, and now almost one store in seven is vacant across the UK, according to new research from Colliers CRE.

Lettings

 

New Look and Sainsbury’s for Bath’s Southgate

New Look has signed for a 20,000-sq ft store over two levels in Multi Development’s SouthGate development in Bath. New Look will join Sainsbury’s Boots, H&M and others in Phase 1 of the project which opens in November 2009.

SouthGate is the largest ever mixed-use development in Bath city centre at 417,000 sq ft. Its retail, residential and leisure areas will be linked by classic Georgian-style open streets, with major public spaces, including a large central square, designed to hold community, arts and entertainment events. The open streetscape will connect over 65 shops, cafes, and restaurants anchored by a 125,000-sq ft Debenhams department store. The development will include 99 apartments and 860 new underground parking spaces.

Baker’s key to galleria

This year sees Bill Baker celebrating 21 years working at the galleria, Land Securities’ designer outlet, restaurant and leisure destination located above the A1(M) in Hatfield.

Fairhill manager moves on

Fairhill Shopping Centre in Ballymena has marked the recent retirement of its long-serving centre manager, Jim McGookin who has been at the helm since the centre opened in 1991.

Basement theatre at West 12

West 12, Land Securities’ shopping centre in Shepherds Bush, has had an overnight success story with the staging of ‘Stovepipe’ in its basement.

Moves

BILL LAURIE, who is in his eighth year as sales and marketing director of METRIC PARKING, is leaving his present position at the end of April. He will retain his directorship for the remainder of the year and will also continue to oversee Metric’s sales department in a part time capacity, supporting Richard Boultbee who has recently been appointed Metric’s UK sales and marketing manager.

New start for Southend

The 335,000-sq ft Victoria shopping centre in Southend, one of the UK’s oldest malls, has just completed a £24m refurbishment that has transformed the 40-year-old scheme. Graham Parker reports

Frenchgate revisited

In one of the last big investment deals before the bubble burst in the middle of last year, a consortium of Irish investors paid £250m for the 800,000-sq ft Frenchgate Interchange development in the heart of Doncaster.

Raymond Blanc opens at Portsmouth Harbour

Celebrity chef Raymond Blanc opened the doors of the latest restaurant in his successful Brasserie Blanc chain this month at Gunwharf Quays, Land Securities’ designer outlet centre on the waterfront at Portsmouth Harbour.

Shopping centre owners are called to action over service charges

Shopping centre service charges across the UK could be cut as a result of a new ten point plan, unveiled by a consortium of landlords and retailers.