Ingrid Glasby’s Post

Delighted to see another strong performance from our retained client The White Company and especially with specific reference to their bricks and mortar store portfolio. The Retail Bulletin https://lnkd.in/e9sytA46 Since 2022, The White Company have focused once again on expanding their physical store presence. SPACE Retail Property Consultants have successfully acquired two standard format stores in Glasgow - Silverburn and Victoria Square Belfast and a further six small format stores in Farnham, Hitchin, Market Harborough, Marlborough, Ringwood and St Andrews in that time. In our experience and despite a seemingly turbulent market in some sectors, there is still value and demand in the strongest High Street and Shopping Centre locations. Best in class occupiers can perform strongly where investor landlords are prepared to work collaboratively with their occupier tenants on leasing structures that support the occupier’s business rather than overload them with fixed costs. This is especially important in new market opportunities where the occupier has no previous trading experience or history. The White Company will open its next smaller format store in Morpeth at Sandersons Arcade on the 22 May 2024. For further information on our client requirement see the attached circular or contact myself or Peter Leverett BSc MRICS MBA with details of other suitable opportunities; Josh Porter Josh.porter@space-rpc.com 07823 885242 Peter Leverett Peter.leverett@space-rpc.com 07860 967430 #Innovative #Authoritative #Friendly #Independent #Retail #Property #Advisors

𝗧𝗵𝗲 𝗕𝗹𝘂𝗲 𝗣𝗼𝗿𝘁𝗳𝗼𝗹𝗶𝗼: 𝗣𝗿𝗶𝗺𝗲 𝗵𝗶𝗴𝗵 𝘀𝘁𝗿𝗲𝗲𝘁 𝗮𝘀𝘀𝗲𝘁𝘀 𝗶𝗻 𝟭𝟮 𝗹𝗲𝗮𝗱𝗶𝗻𝗴 𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻𝘀 If you’re looking to invest in prime UK retail property, let to strong national covenants and located in some of the UK’s strongest market towns and cities, look no further than the Blue Portfolio. With high street assets located in cities including Glasgow, Nottingham, Aberdeen, Lancaster, Leicester and Canterbury, as well as towns such as Guildford, Chelmsford, Chesterfield, Halifax, Southend-on-Sea and Worthing, the Blue Portfolio can either be purchased as one, or it can be broken into smaller packages. Tenants across the portfolio include the likes of Sports Direct, Burger King, Sainsbury’s Local, Waterstones and HMV, with all the assets situated in prominent, high-footfall locations. We’ve been instructed to seek offers in excess of £26m, subject to contract reflecting a net initial yield of 11% for the entire portfolio. Get in touch with FMX Urban Property Advisers’ Graham Fawcett and Patrick Kilvington to find out more details about the specific properties and the deals that could be done. #BluePortfolio #HighStreet #Retail #RetailInvestment #RetailNews #CRE #RetailProperty #InvestmentPortfolio #InvestmentProperty

A spark in the city? Yes, the national picture of Commercial high street activity is gloomy if you read reports like the recent one from RICS. However, the truth is retail units which have been vacant in Norwich are being occupied. You only have to walk through the city centre to see it for yourself. We are scooting down to Christmas giving the retail sector a boost but these aren’t pop-ups but businesses choosing to invest in opening physical stores for the long-term. Great for Norwich and shoppers and sends a sure-fire signal to investors that cities like this are the place to be. The Brown&Co LLP Commercial team is busy with retail lettings - and I can tell you more are coming… #retail #shopping #business

Big Moves in Retail Real Estate! 🏬📈 Keighley's Alston Retail Park changes hands! CBRE has successfully brokered the sale of this prime 98,961 sq ft retail space to an international buyer. It's noteworthy that this isn't CBRE's first major deal this year - they're clearly on a roll with the strategic disposal of Wey Retail Park earlier in January. As property dynamics evolve, expect to see savvy investors and advisors lead the narrative, shaping the future landscape for retail parks in the UK and beyond. 🌐 #RetailRealEstate #CBRE #InvestmentTrends

🚨JUST SOLD BY Robert Dowdy & William Gathercole from CBRE Asia Pacific🚨! 211 John St, Lidcombe - New Suburb Record!💎🏗🏦✅🎉🗝🔨💰💵🏦☎️   CBRE Asia Pacific has successfully sold 211 John Street, Lidcombe, a property exemplifying the successful adaptive re-use conversion into a modern warehouse and showroom space.  Meticulously renovated 2,150sqm* warehouse, showroom, and office space. Situated in a prime location opposite Lidcombe Shopping Centre anchored by major brands like Woolworths, Aldi, Kmart, Anaconda, and Spotlight. Convenient access to major arterial roads and the M4 Motorway on and off ramps. The property attracted significant interest during the sales campaign, resulting in 52 inspections and multiple unconditional offers.   Congratulations to our clients & to the successful purchaser! Should you have any questions relating to this transaction or would like to hear about the upcoming opportunities coming to market, please do not hesitate to contact from CBRE Asia Pacific: Robert Dowdy on 0499 007 000 or William Gathercole on 0403 618 757.   #cbre #EOI #justsold #result #centralwest #westernsydney #sydney #lidcombe #onmarket #campaign #freestanding #competitiveprocess #commercialrealestate #process #opportunity #location #owneroccupiers #investors #developers #privateclients #assets #assetclass #primelocation #realestate #sales #capitalmarkets #transactions #2024realestate CBRE Asia Pacific

QIC announces plans to sell its half share in Perth’s landmark Claremont Quarter - CBRE and McVay Real Estate   The campaign follows circa $1.2bn in major shopping centre sales since the start of 2023, with an additional $1bn of transactions currently in play, including Lakeside Joondalup (50%) and Westfield Whitford City, both in Western Australia.   CBRE’s Pacific Head of Retail Capital Markets Simon Rooney and McVay Real Estate’s Sam McVay have been jointly appointed to steer the sale process for Claremont Quarter amid heightened interest in Australian shopping centre investment opportunities.   Claremont Quarter is jointly owned by QIC and Hawaiian. It is positioned approximately 9km south-west of the Perth CBD, in what is considered one of the city’s most prestigious suburbs, on a landmark 2.7ha site.   CBRE’s Simon Rooney said, “The WA retail market has robust underlying fundamentals, benefiting from population growth, booming commodity prices, strong residential value growth, higher levels of disposable income compared to the national average and a relatively affordable cost of living – all drivers for retail demand.”   Mr Sam McVay noted that the centre was set to benefit from the recently commenced Claremont Quarter Laneway project which marked a significant milestone for the asset.   “Once complete, the reimagined Laneway will deliver an engaging dining precinct with elevated food and beverage offerings. This is line with the Town of Claremont’s broader vision for the area and will strengthen the suburb’s position as a destination for shopping, restaurants, bars, nightlife attractions and community events,” Mr Dan McVay said. Read more on COMMO linked below: https://lnkd.in/gMRvuw3K CBRE Asia Pacific Hawaiian Michael Hedger Greg Hyland Joe Tynan James Douglas Mikaela O'Farrell Sheree Griff Dan McVay Glenn Bechtel Leif Olson Shannon Gale Brock McDermott Thomas Craig Rob Sewell Lynne Hale Dan McVay Aaron Desange Andrew Beehag Phillip Arbon Tim Young Kelsie Smith #qic #cbre #mcvayre #retailrealestate #retailinvestment #retailproperty #shoppingcentre #perthre #perthproperty

Marks & Spencer Loses Bid to Demolish Flagship London Oxford Street Store The retailer has long argued the art deco site is no longer fit for modern retailing. Marks & Spencer Group Plc will review its future as a fixture on London’s Oxford Street after losing government backing for a plan to demolish its flagship art deco store and rebuild a modern replacement. “We have been clear from the outset that there is no other viable scheme,” M&S Chief Executive Officer Stuart Machin said in an emailed statement. “So after almost a century at Marble Arch, M&S is now left with no choice but to review its future position on Oxford Street on the whim of one man. It is utterly pathetic.” The plans were rejected by Michael Gove, Secretary of State for Levelling Up, Housing & Communities, over concerns about harm to nearby landmarks, including the neighboring Selfridges department store and conservation areas nearby. The carbon footprint and the failure to use existing resources and convert the existing buildings were also cited in the decision. M&S Chairman Archie Norman wrote on Twitter the government’s position was “not just a blow for M&S, but for Oxford street and inner city regeneration across the UK.” The 1929 six-story Orchard House building, which houses retail floors and serves as an office for M&S staff, was to be torn down in the company’s plan, along with two neighboring buildings. #business #finance #financialservices

Investment Sale – Greater London Retail Park Harvey Spack Field are delighted to launch to the investment sale of Goodmayes Retail Park, Chadwell Heath - Wickes, B&M, Currys, The Gym, Masala Bazaar, Costa & Nandos - Fully let retail park of 103,499 sq ft with a robust total income of £1,683,512 pa - WAULT of 5.7 years to expiry - 55% of income from occupiers categorised as ‘Essential - 20.5% income subject to further fixed increases at review - Located within the Crossrail Corridor Investment & Growth Area on the Elizabeth Line – the site offers an excellent residential redevelopment opportunity - Landlord break options are in place to deliver vacant possession of the 6.7 acre site within 4.8 years - Offers in excess of £26,000,000 / NIY 6.00O - Reflecting c£4m per acre and £250 ps - Fixed increases deliver running yields as follows: September 2024: 6.35% August 2025: 6.31% August 2026: 6.38% For further information and the brochure please contact Justin Houlihan or Sophie France at Harvey Spack Field  or our joint agents at JLL #RetailPark #RetailInvestment #RetailWarehouse #InvestmentProperty #investmentopportunity

The most interesting article I read this past week was this retail industry The Wall Street Journal article on Brookfield’s big bet to redevelop their mall portfolio across the country. It was also discussed at length during by Lonnie Hendry, CRE, Hayley Keen and Stephen Buschbom during the always fantastic Trepp, Inc. podcst that I listened to over the weekend. As the Trepp team noted, while these projects may not have come together as quick as had been initially hoped, it seems a bit too soon to say this plan falls short as there is a really good play here and it is one that others have proven, it just takes time. As a CRE lawyer, we unfortunately know all about that because in addition to government approvals, parties need to work with lenders, tenants, ultimate end users/operators and oftentimes adjacent property owners to make these types of redevelopments come together. Our Frost Brown Todd team has done this type of work for all such stakeholders and it isn’t easy. Our zoning lawyers like Tanner Nichols have worked on these for large shopping center clients. My Partner Christina Sprecher has done this work for some large national tenants and discussed the challenges that shopping center CC&Rs and REAs create for these redevelopments at the ICSC National Law Conference just last year. I have had the chance to work with both lenders and adjacent property owners in doing this type of work. There are simply so many parties that have to sign off on these types of projects that it takes time, grit and a focused project management mentality to consistently stay on track with goals and objectives in a manner that isn’t easy and unfortunately is almost always more costly than originally anticipated because of the amount of time involved. The reality though is that the outcomes can be both truly transformational, like what we have seen recently in Louisville with Topgolf starting what has become a true game changer for the Oxmoor Mall, but also a meaningful improvement with a Hilton Garden Inn changing the dynamic of the Mall St. Matthews. #LFGMonday #CRE #Retail #redevelopment #letsgetfrosty

“Industry professionals who hail from and work in San Antonio often describe the city’s economy and real estate scene as steady and healthy in a sort of unspectacular way. Rarely does any commercial sector in San Antonio achieve the high highs and low lows of gateway coastal markets. Further, the market’s quiet consistency has come to stand out as its neighbor up the road, Austin, has exploded as a tech hub in the past decade, bringing with it fervent building booms that still can’t put a dent in the skyrocketing cost of living. Yet this same quality that in years past caused major retailers and restaurants — and investors — to pass on San Antonio is now a primary force that attracts them to the Alamo City.” Industry professionals who live and work in San Antonio often describe the city’s economy and real estate scene as steady and healthy, though somewhat unspectacular. Unlike the gateway coastal markets, San Antonio rarely experiences the extreme highs and lows in any commercial sector. This quiet consistency has become more noticeable as nearby Austin has exploded as a tech hub over the past decade, bringing with it building booms that have not alleviated the skyrocketing cost of living. https://lnkd.in/ge85VxUh