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Public eye on private space

With new civil liberties concerns being raised about the use of CCTV, how can centre owners ensure their systems comply with best practice?

Keep in contact

Meadowhall has become the first centre to roll out a new communications system that also monitors the location of site staff

Keep in contact

Meadowhall has become the first centre to roll out a new communications system that also monitors the location of site staff

Demand returns

Signs are emerging that the long decline in the Irish retail market could at last have bottomed out.

Banks pull the strings

While retailers are gradually regaining their optimism, and some are even expanding again, there is little sign of an end to the crisis gripping Ireland’s shopping centre developers and investors

Farewell to CVAs

Two landmark court cases threaten to wipe out Company Voluntary Arrangements for good. Mia Hunt outlines the significance of the Mourant vs Sixty SPA ruling

Talent show

Shopping centres across the country are gearing up for a major new initiative to tackle youth unemployment, due to take place during the October half-term holidays

Hammerson plots a new course

Hammerson chief executive David Atkins is leading a radical restructuring of the company, with a pledge to put occupiers’ interests at the heart of the business

Food feedback

Coverpoint’s managing director Jonathan Doughty serves up his regular shopping centre foodservice review. This month he visits a new start-up, Lunya at Liverpool One.

Prime yields harden

Yields for prime assets improved to 5.5 per cent over the second quarter of 2010, reflecting the fact that shopping centre stock has been relatively limited. Yields for smaller and more secondary assets have remained relatively static with vacancy rates and falling rents continuing to suppress values.

Trespass on the acquisition trail

The Glasgow-based retailer is looking to expand nationwide

Vacancy Control

Across the country shopping centre owners, managers and agents are turning to increasingly innovative strategies to plug gaps in their tenancy line-ups

Prloperty market performance

Stephen Springham, head of retail research at King Sturge, reports that the shopping centre market has seen significantly higher volumes of transactions due to the hardening of pricing, which, in turn, has allowed a number of investors to exit with a profit. However, the activity has primarily been confined to the prime/good secondary end of the market.

Footfall index

The Experian UK FootFall National Index for July 2010 saw a 4.2 per cent month-on-month uplift. Although such an increase had been anticipated due to the annual school summer breaks and summer sales, it was less marked than the month-on-month increase for the same time last year.

VAT worries

A survey of 2,863 UK consumers, conducted by customer experience researchers Retail Eyes, found that consumers are split almost 50:50 over whether the VAT rise will change their spending habits

Dramatic downturn in consumer spending

Retail sales growth slowed dramatically in July according to the BRC/KPMG Retail Sales Monitor.

lettings
This month’s moves . . .
Celebration flight for Cotton

Managers at Bournemouth’s Castlepoint shopping park created a day to remember for maintenance staff member James Cotton, who has worked on the retail site for 25 years.

Celebrity chefs visit thecentre:mk

Milton Keynes saw three days of events at thecentre:mk to celebrate the launch of the new £10m Destination Dining restaurant quarter.

Victoria Quarter embraces the iPhone

Victoria Quarter in Leeds has become the first shopping centre in the UK to launch its own iPhone app