News
Cheshire retail park handed £21.8m price tag
6th November 2026A retail park in Macclesfield, Cheshire has been brought to the investment market with an asking price of £21,785,000, reflecting a net initial yield of 5.75%. Constructed in 2022, Barracks Mill Retail Park extends to approximately 79,112 sq ft and is supplemented by 325 car parking spaces. The fully-let scheme is home to tenants including Aldi, M&S, B&M, Farmfoods, Costa, KFC, and BP Pulse, and has a weighted average unexpired lease term of 12.3 years to expiry and 10.9 years to break. Aldi, M&S, and Farmfoods account for over half the scheme’s total passing rent of £1,337,970 per annum. Barracks Mill Retail Park is situated alongside the A523, which provides access to Manchester to the north and Leek to the south, and sits adjacent to a Tesco Supermarket. Other nearby retail provision includes Lyme Green Retail Park, Silk Road Retail Park, and a B&Q and Halfords cluster. Macclesfield is an affluent market town that benefits from rail connections to Manchester and London and is in close proximity to the Peak District National Park. The town is experiencing continued residential growth, with a number of significant housing developments under construction or progressing through the planning process. Rosebury Real Estate has been […]
Deals
MINISO to more than double footprint at St David’s Cardiff with new concept store
5th November 2026MINISO is set to open its first MINISO FRIENDS store at Landsec’s St David’s in Cardiff, with the retailer set to more than double its footprint at the shopping centre. Opening in the second half of 2027, the new concept store will span over 6,600 sq ft and be situated in close proximity to M&S, Primark, and Boots. The store will offer collectables range including blind boxes, plush and licensed merchandise, and MINISO’s full lifestyle, home, stationery, gifting, and accessories offer. It will also feature dedicated zones showcasing collaborations with globally recognised characters and brands. MINISO has been present at the scheme since November 2020, when Cardiff became the retailer’s second location in the UK and its first store outside of London. The debut of MINISO FRIENDS follows the announcement that the retailer will open its first MINISO LAND concept store on London’s Oxford Street, creating a 19,000 sq ft flagship. Pablo Sueiras, head of retail and hospitality leasing at Landsec, said: “MINISO’s decision to more than double its footprint and select St David’s for the UK debut of MINISO Friends reflects the strength of the destination and the opportunity we see in Cardiff. “We’re seeing significant growth in collectables, […]
Requirements
Costa Coffee brews up further expansion
8th September 2026Costa Coffee has unveiled its latest property requirements as it looks to continue its expansion across England, Scotland, and Wales. The coffee shop chain, working with its long-standing partner Savills, is looking to open new locations in retail parks and shopping centres, as well as on high streets and within travel locations. Costa Coffee is also looking to open drive-through units in out-of-town retail locations. Ideal units will range in size between 1,250 sq ft and 2,200 sq ft and be located adjacent to foodstores, retail warehousing, and leisure space. Within retail parks, Costa is seeking units ranging between 1,500 sq ft and 2,500 sq ft in size with external seating. Freestanding or in-line units will be considered, with nearby car parking a necessity. Ideal units will be situated in out-of-town locations with significant traffic flow, adjacent to foodstores, and retail and leisure clusters. In high street and shopping centre destinations, Costa is looking for units between 1,500 sq ft and 2,500 sq ft with outside seating. Locations such as universities, hospitals, and leisure destinations will also be considered. The operator is also looking to open new sites within travel locations such as transport hubs and train stations with significant […]
Insights
Q&A: Landsec’s portfolio director Clare Dutton: “we’re investing a lot into retail”
23rd October 2026Landsec is investing big in retail. The real estate investment trust recently snapped up the 1.86m sq ft Metrocentre shopping centre in Gateshead, and earlier this year touted major retail as a “more attractive” sector than office or residential development. In addition, Landsec has welcomed a number of ‘firsts’ to its portfolio: Garage opened its first store in the UK in Bluewater, while at Liverpool ONE, Lefties made its UK debut and Salomon opened its first store outside of London. As demand for prime shopping centre space creeps up, how does Landsec pick the right brands for the right spaces? Completely Retail News caught up with portfolio director Clare Dutton to discuss the landlord’s approach to selecting new tenants, which retailers are the most acquisitive, and the role of physical retail within shopping centres: How does Landsec identify the brands it wants to attract to its shopping centres? “We’re close to the market, so we know of the new brands that are acquisitive. We also have a lot of data, because we reach one in every two consumers in the UK, in respect to things that our customers are looking for. “So it’s a combination of knowing who’s in the […]
Advice
Turn lease events from growing pains into commercial gains
10th March 2026By Simon Matley, director for dilapidations and occupier services at TFT After a period of acquisition, a large commercial retail portfolio can become either a major liability or a powerful cost saver for retailers who need every advantage they can get in a challenging consumer market. For national multiples and high street brands, often with sizeable portfolios numbering in the hundreds of units, or for smaller regional operations that are growing at speed, flexibility and control are hugely important. Brands today are adapting their portfolios in light of changing consumer behaviour and omni-channel retailing, and this is shaped by the increasingly sophisticated data capture that allows them to better understand stock, fulfilment, customer behaviour, and operations. For many who have been acquiring premises over the past 10 years, they will almost certainly find that data allows them to be more efficient in the space they need, not least because of the growth of last mile logistics and on demand deliveries which enables occupiers to be nimble in how they use their spaces. Whether they operate on the high street, in retail parks or rely on distribution centres, retailers want to scale fast, explore new territory and snap up the right […]
News
Waitrose picks Bristol for second airport retail partnership
5th November 2026Waitrose is set to open three new travel retail stores at Bristol Airport as part of the retailer’s second partnership with an airport, following its debut at Heathrow in May. The grocer is extending its wholesale partnership with Lagardère Travel Retail to open within three RELAY stores at the airport from summer 2027. Located on one landside and two airside sites, the stores will offer Waitrose’s food-to-go ranges. Alongside its Bristol Airport launch, Waitrose has also confirmed that it will open a new branch on North Street in Bedminster, South Bristol. The 3,000 sq ft high street convenience store is scheduled to open in early 2027. The announcements mark the next phase of the Waitrose’s investment in the South West, expanding on its previously announced sites in Bristol – a supermarket in the Brabazon new town and a distribution centre in Avonmouth. Charlotte Di Cello, chief commercial officer at Waitrose, said: “Our investment in the South West reflects our ambition to be the first choice for food lovers across the country. By partnering with Lagardère alongside investing in our own stores and online offering, we can bring our exceptional service and responsibly sourced food directly to where our customers live, […]
