News
Cited Property adds director to lead regional expansion
2nd April 2026Cited Property has appointed Oliver Marshall as a director within the firm’s new office in Nottingham. In his new role, Marshall will lead the commercial property agency’s expansion across the Midlands and the North. He will focus on growing the firm’s landlord agency offering, working with clients across high streets, shopping centres, and retail parks. He brings over 15 years’ of experience to the firm, having spent his career at FHP Property Consultants where he advised landlords, investors, and occupiers. During this tenure, he was recognised by Estates Gazette as ‘The Most Active Dealmaker’ in 2022 and 2023. In a statement, Cited Property said: “While he has worked across a range of property sectors, Oliver specialises in retail leasing and has developed a reputation for delivering effective leasing strategies and getting deals done. “At Cited, Oliver will focus on continuing the growth our landlord agency offering across the Midlands and the North, working closely with the wider team to expand the presence and build on our success by growing geographically. Oliver’s experience and market knowledge make him ideally placed to lead this next phase of growth. “We’re thrilled to have Oliver on board as we continue to grow our regional […]
Deals
Play Padel to serve up second UK venue at Meadowhall
1st April 2026Indoor padel club operator Play Padel is set to open its second UK venue at Meadowhall in Sheffield. The operator, which was founded in Sheffield, is set to open a 35,000 sq ft venue later this year, comprising eight indoor courts, a clubhouse, a café, and a social space. Play Padel looks to bring together sport, socialising, and hospitality to create a high-quality leisure destination that complements Meadowhall’s existing retail, leisure, and F&B offer. Richard Crowther, retail leasing director at British Land, said: “Play Padel is a compelling addition to the leisure mix at Meadowhall, delivering a high-quality, accessible offer that will engage a wide demographic. It reinforces the commercial and social value of considered leisure in retail-led schemes, and underscores how they can drive footfall, extend dwell time, and enhance the overall customer experience. Venues like this play a critical role in creating vibrant, community-focused destinations that go beyond just shopping, as part of a complementary ecosystem of uses.” Alex Fleming, founder and CEO at Play Padel Group, added: “Meadowhall represents a major step forward for Play Padel Group in building long-term leisure destinations that bring people together. The demand we’ve seen in Sheffield has been exceptional, and this […]
Requirements
Wahaca appoints agents to support UK expansion
25th March 2026P-Three has been appointed by contemporary Mexican restaurant group Wahaca to support its rollout across the UK. The retail, leisure, and placemaking agency is targeting launches in new cities including Cambridge, Manchester, Glasgow and Birmingham, as well as expanding the group’s presence in London. P-Three is seeking units ranging between 2,500 sq ft and 4,500 sq ft in size, which will be converted into Wahaca’s style, inspired by the modern culture seen in contemporary Oaxaca. Thomas Rose, co-founder at P-Three, said: “Wahaca has firmly established itself as one of the UK’s most authentic and lively restaurant groups, offering diners a bold, fresh and modern take on Mexican street food. A longstanding client of P-Three, we are excited to be supporting Wahaca with this next phase of growth and look forward to helping them bring their concept to new cities and locations across the UK.” Mark Selby, co-founder and chair at Wahaca, added: “After the huge success of our Paddington opening in 2024 and the incredible feedback on Wahaca Reimagined across our 14 individually designed restaurants, we are excited to be once again looking to bring Wahaca’s unique restaurant experience to different areas of the UK. We want to find buildings that lend […]
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
Greenridge offloads Ipswich Waitrose and John Lewis store
2nd April 2026Greenridge Investment Management has completed the sale of a Waitrose and John Lewis store at Futura Park in Ipswich for £28.6m, reflecting a net initial yield of 7.1%. The property comprises purpose-built retail warehouse, extending to approximately 71,000 sq ft with 409 car parking spaces . It is let in its entirety to the John Lewis Partnership on a long lease with fixed rental uplifts. Greenridge Investment Management originally purchased the asset in May 2024 for £21.9m as the third acquisition in its GO Fund, reflecting a net initial yield of around 8%. It was acquired as part of the group’s strategy to target high-quality, income-generating retail assets with strong underlying fundamentals. Alex Walker, partner at Greenridge Investment Management, said: “This sale highlights that our conviction in well-located retail warehousing with secure contractual income to a strong covenant was justified at a point in the cycle when many others were retrenching investment activities. We’re delighted that our ability to unlock value through our defined strategies and disciplined acquisition process has again resulted in an excellent return for our investors.”
