5 NEWS
Retailers back on a growth
curve again The UK remains a leading target for international retailers as they ramp up their expansion plans for 2011, according to new research by CB Richard Ellis, launched at the Mapic retail property show in Cannes. The UK market emerged
Hammerson plans Bullring extension
A detailed planning application has been submitted to Birmingham City Council for a 20,000 sq ft extension at the Bullring shopping centre. The new scheme, called
Spiceal Street, is set around St Martin’s Square and will create 11,500 sq ft of restaurant units and outdoor space. Jamie’s Italian has opened its
first restaurant in the Midlands at Bullring and the 7,300-sq ft unit
is part of a strategy to attract high-end casual dining brands in order to increase dwell time at the centre. Managing director at
Hammerson UK Retail, Lawrence Hutchings, said: “Bullring has a fantastic reputation as a centre for fashion and we want to ensure that we deliver the same to consumers as a dining destination. We have had an exceptional response on the
C&R poised to go back into the investment market
Capital & Regional, manager of the Mall, Junction and X-Leisure funds, has reported improved performance across its retail portfolios, and it is once again looking to invest. Reflecting resilient tenant demand coupled with low levels
of tenant administrations, occupancy levels in the Mall shopping centre fund stood at 94.5 per cent at 30 September 2010, up from 93.8 per cent six months previously. And in the Junction retail park portfolio they were 96.4 per cent against 94.7 per cent at the end of March. Chief executive Hugh Scott-Barrett said: “Our focus has been
on driving improvements in operational performance. Interest in space from retailers is holding up and is reflected in a number of lettings which have driven occupancy and income levels higher. “We are now beginning to see the expected increase in
supply of investment opportunities. We are actively pursuing a number of situations which exploit our skills in managing complex assets and which we believe will deliver attractive returns.”
scheme from restaurant brands looking for high quality retail space in Birmingham.” Hammerson also plans to
extend a number of its retail parks including the Abbey Retail Park in Belfast and the Battery Retail Park in Selly Oak, Birmingham. At the same time a 215,,000-
sq ft redevelopment of the Orchard Centre in Didcot is in the design stage.
Shopping Centre launches management conference
Shopping Centre is launching its first conference for shopping centre managers and owners. The Shopping Centre Conference – The Business of Retail Destinations will take place at London’s Shaw Theatre on 22 March. The one-day event
promises expert presentations, interactive panels plus lunch and networking all in a five-star facility with easy access from across the UK. Industry experts will
address the key issues facing centre management teams today including streams on marketing, commercialisation and security. Entry is only open to subscribers and tickets are from £150.
www.shopping-centre.co.uk November 2010 SHOPPING CENTRE
as the fifth most popular destination for cross-border expansion in the EMEA region in 2011, signalling a return to confidence in the retail sector as an increasing number of brands plan to significantly increase their store networks next year. “Large scale expansion
is back on the cards for a lot of retailers,” said Neville Moss, CBRE’s head of retail research (EMEA), at the launch of the report - How Active are Retailers in EMEA? –which examines the attitudes and 2011 expansion plans of 212 leading retailers. In the UK, menswear
brand Blue Inc has retained King Sturge and Brasier Freeth to acquire 20 new stores targeted for next year. The joint agents will be seeking retail units of 2,500 - 4,000 sq ft - preferably with wide frontages and in prominent corner positions - in shopping centres and retail parks both in major cities and smaller to mid-sized towns.
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