Macro Appoints UK & Europe Regional Director
Patricia Soria has been appointed as UK & Europe Regional Director at Macro. Patricia joined Macro in 2020 when the company was awarded a contract with a leading...
Read Full ArticleLandsec has announced that it has acquired an additional 25 per cent share in Bluewater for £172 million.
In a separate deal, Landsec will sell 25 per cent of this share to co-owner M&G for its pro-rata share of the purchase price with the deal completing in April 2022, at which point Landsec’s ownership of Bluewater will be 48.75 per cent.
Opening in 1999, Bluewater is one of the UK’s largest out of town shopping centres and the largest of its kind in the South East of England. Based in North West Kent (23 miles East of Central London), it features 300 stores and over 50 bars, restaurants and cafes. It has an annual turnover in excess of £1 billion and a catchment population of 3.9 million people.
Bruce Findlay, Managing Director, Retail at Landsec said, “We’re making this acquisition at a time when retail values and rents are starting to stabilise. Together with our co-owners, we have a clear vision for Bluewater which builds on what is already a thriving retail destination. This investment underlines our strategic commitment to major retail destinations that offer something that can’t easily be replicated online.”
The acquisition follows the recent announcement that Landsec has created a new brand account management team alongside a new operating model for its retail business, as the Group accelerates its “reimagine retail” strategic pillar.
Picture: a photograph of the Bluewater site from above. Image Credit: Bluewater
Article written by Ella Tansley | Published 24 December 2021
Patricia Soria has been appointed as UK & Europe Regional Director at Macro. Patricia joined Macro in 2020 when the company was awarded a contract with a leading...
Read Full ArticleEuropean retail giant TK Maxx will open a second Oxford Street store at Mount Royal, leased by Great Portland Estates. The retailer will take 22,500 sq ft across the...
Read Full ArticleGMS Group has won a contract to provide FM services at several of Colliers’ Gloucester client sites. Colliers is the managing agent for Gloucester City Council...
Read Full ArticleThe Shrewsbury and Telford Hospital NHS Trust has opened the world’s first checkout-free store using Amazon’s Just Walk Out technology in a healthcare...
Read Full ArticleCommercial property developer Landesc has added 100,000 sq ft to its flexible office portfolio. The company’s flexible workplace brand Myo already has two...
Read Full ArticleA government spokesperson has confirmed that reinforced autoclaved aerated concrete has been found in one part of the Palace of Westminster. According to the...
Read Full ArticleBuilding and property maintenance company Wates is to deliver three large-scale fit-out contracts on behalf of Marks and Spencer. Wates will work across three stores...
Read Full ArticleBarings, a subsidiary of MassMutual, is to acquire a portfolio of logistics properties from NFU Mutual in a deal worth £234 million. The eight assets are all...
Read Full ArticleAn iconic 1930s former retail unit has been transformed into a church and community centre within the new city of Wrexham. The project has been named “Best...
Read Full ArticleAmazon is looking to sublet or terminate leases of excess warehouse space due to a drop in online shopping, says Bloomberg. According to the news report by Bloomberg,...
Read Full Article