News
Sloane Stanley welcomes pair of independents to King’s Road
7th October 2024The Sloane Stanley Estate has welcomed two design-led independents to Chelsea’s King’s Road. Footwear and accessories brand Penelope Chilvers has opened its fourth store in London at No. 328, whilst women’s fashion brand KayaNuka will open a pop-up at No. 324-326 Taking a 1,327 sq ft store, Penelope Chilvers has brought its fashion offering to the Chelsea neighbourhood for the first time, joining its other locations in Notting Hill, Mayfair, Belgravia, and The Cotswolds. The brand looks to combine contemporary, fashion-led design with style and traditional Spanish craftsmanship to produce timeless and made-to-last pieces. Meanwhile, jewellery, accessories, and women’s fashion brand KayaNuka will open its third pop-up on the Sloane Stanley Estate until the New Year. KayaNuka means ‘Older & Younger’ in Cherokee – a Native American language – resembling the mother and daughter duo behind the brand. The pop-up will offer unique jewellery pieces to Chelsea, and deliver an exclusive insight into the online-only brand. Hannah Grievson, property director at Sloane Stanley, said: “Penelope Chilvers and KayaNuka are exactly the kind of names we’re after to add to our growing roster of independent brands. Our expertise lies very much in supporting the transition from online presence to physical retail, […]
Deals
Hobbs to upsize and relocate at Victoria Leeds
7th October 2024Women’s fashion brand Hobbs is set to relocate and upsize at Redical’s Victoria Leeds, increasing its presence at the scheme by 30%. Opening the new store in December, Hobbs will relocate from Victoria Quarter to a new 4,200 sq ft flagship at Victoria Gate. The new store will enable the brand to showcase a wider range of its signature women’s clothing, shoes, accessories, and occasion-wear, in response to high demand at the centre. The relocation also enables Hobbs to sit alongside fellow TFG London brands, Phase Eight and Whistles, as well as complement a wider range of brands at the destination including The White Company, Mint Velvet, NEOM Wellbeing and Pour Moi. Rachel Bradburn, leasing director at Victoria Leeds, said: “This latest announcement further cements Victoria Leeds’ position as one of the UK’s most trusted premium and luxury retail destination. We are welcoming more visitors than ever before to Victoria Gate, which is a testament to high calibre brands reinvesting and recommitting with us, like those in the TFG London portfolio, but also to Redical’s ongoing commitment to provide an exceptional curated retail mix and customer experience.” This news follows the recent openings of British heritage and lifestyle brand, Barbour, […]
Requirements
Scamp & Dude appoints agents to support growth
19th September 2024Scamp & Dude has appointed Four & Co to support its growth as the fashion retailer looks to open around 10 stores a year. The retail and leisure property advisory firm will act on behalf of the retailer to identify and negotiate terms for suitable properties across the UK. Scamp & Dude is seeking units in locations including city centres, affluent market towns, high-quality shopping centres, and popular tourist destinations. Four & Co has been instructed to acquire stores around 1,800 sq ft in size, ideally on the ground floor, with dedicated sales areas of approximately 1,000 sq ft. The retailer already has stores in Battersea, Marlow, Edinburgh, Manchester, Brighton, and Cambridge, and is looking to continue this momentum with Four & Co’s assistance. Target locations include Covent Garden, Richmond, St Albans, Guildford, Glasgow, Manchester, Harrogate, York, Tunbridge Wells, and Sevenoaks. Adam Cohen, partner at Four & Co, said: “We are thrilled to be working with such an inspiring and dynamic brand as Scamp & Dude. Our relationship has already helped the brand secure prime retail spaces and improve terms on existing properties. We are excited to support Scamp & Dude’s ambitious expansion plans across the UK, ensuring they find […]
Insights
Government can use retail and leisure sectors to unlock growth, says Revo
27th September 2024The upcoming Autumn Statement gives the government the opportunity to unlock economic growth by supporting the retail and leisure sectors, according to new research by Revo. Revo – the trade body for the retail and leisure real estate sector – has partnered with insight and foresight consultancy Trajectory, as well as over 30 sector figures and academics, to conduct scenario planning, with the objective of identifying how its members can prepare for how the industry might look in 2034. The report will be published in full later this year and looks to present new perspectives on the possible and plausible futures for the UK retail and leisure property industry. Revo’s scenario planning looks at three possibilities of how the industry may look in 2034: Under each of the above scenarios, Revo and its partners have looked at the forces which may be shaping retail and leisure real estate sector in 2034. These include the growth of generative AI to the future-proofing of assets from the risks posed by climate change. Whilst the full report will be launched later this year, the highlights from the research launched at this year’s Revo Conference call on the retail and leisure real estate sector […]
News
Landsec eyes full ownership of MediaCity Salford
4th October 2024Landsec is in talks to acquire full ownership of the MediaCity mixed-use scheme in Salford, as it looks to press on with developments. The group is close to acquiring Peel’s 25% stake in the development, Place North West has reported. Earlier this year, plans to create an additional 800,000 sq ft of commercial space and 3,200 more homes at MediaCity were approved by councillors. Landsec wants to take control of the scheme to drive forward with these proposals. The group acquired a 75% stake of MediaCity for £435.6m in 2021, purchasing 50% from Legal & General and 25% from Peel. A spokesperson for MediaCity told Place North West: “Since Landsec acquired a majority stake in MediaCity, we have been working closely with the team there to agree the regeneration framework which sets out our ambitious plans for MediaCity over the next decade. “We’re in discussions with them about potentially investing more into MediaCity but It’s too early to say what this may look like. However, it does demonstrate Landsec’s commitment and excitement to both MediaCity and Salford. When the time is right, we will provide a further update.” MediaCity is home to some of the UK’s most renowned content and […]
