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PCG News Wrap Up 12th July 2019

Friday 12 July 2019

Laura Symes's picture
By Laura Symes

Here’s what the Property Consulting Group have been talking about this week…

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Welcome to CACI’s Property Consulting Group’s News Wrap Up Blog.

Keeping up to date with the latest news and emerging trends in the retail and leisure sector is key to supporting the project work we do with our clients. This means our team are constantly searching for relevant news stories, so we thought we’d share some of the best ones we have been talking about recently with you.

 

1. intu has identified space for up to 5000 new homes on its land, proposing 1000 of which to be built at intu Lakeside.

Diversifying their core retail property focus, intu plans to build up to 6 residential blocks and car parking space in replacement of House of Fraser. 

Read more here 

 

2. Westfield London opened a pop-up called ‘The Trending Store’ where it used artificial intelligence to display the most ubiquitous fashion items on social media.

The store allowed you to use their very own vending machine by donating £5, £10 or £20 to the ‘Save the Children’ charity in return for a top trending prize worth up to £100.

Read more about the The Trend Store

 

3. The Competition and Markets Authority (CMA) have halted Deliveroo from making any further progress on their integration into retail giant Amazon’s business.

Roofoods, which trades as Deliveroo, and Amazon have been found to potentially break competition rules if the merge were to go ahead. Read more here

 

4. The MasterChef Restaurant in Dubai, is introducing a new signature experience: the ‘Mystery Box’.

Diners can choose up to 5 ingredients from a box full of 10 for Chef’s to then prepare an exciting meal from within 35 minutes.

Read more about the Mystery Box

 

5. The blueprint Boots store of the future.

The new format Boots store in Covent Garden is set in ‘beauty and wellness halls’, featuring an Instagram point, beauty studios and 32 new brands. Read more here

 

6. Transport for London (TfL) will start collecting traveller’s journey data after a successful 4-week pilot that collected data from 5.6 million people.

The information could help personalise and ease journeys, by suggesting easier routes, advising on crowded tubes and monitoring congestion at peak times.

Read more about Transport for London

 

7. Hammerson reveal new plans for the Martineau Galleries shopping centre site in Birmingham city centre.

The plan includes the addition of up to 1,300 homes and over 1 million sq ft of workspace, as well as a new hotel, restaurants, a public square and boulevard. Read more here

 

8. As part of a £2 million experiential events programme, Hammerson introduced a 400m maze at Westquay’s unique event space in Southampton.

Read more here

The Maze event dates attracted visitors from further afield compared to the like-for-like dates in 2018, with higher proportions arriving from the Secondary, Quaternary catchments and beyond, with the average drivetime increasing by 14%

CACI, Property Consultancy Group research, 2019, Commissioned by Hammerson plc

It is great to see some of CACI’s research being used to help quantify the return on investment of these events.

 

9. Kensington & Chelsea Council plan to transform the upmarket retail area, Sloane Street, with an injection of £40 million, making it a luxury shopping destination.

The aim is to connect Knightsbridge and Sloane Square, and after the success of the Bond Street regeneration, footfall is expected increase from shoppers, tourists and residents.

Read more here

 

10. The Collective will open its most ambitious scheme yet in Canary Wharf with a luxury 20-storey tower.

The development will feature 705 rental apartments, a multi-floor music venue, cinema and swimming pool on the top floor.

Read more about a luxury 20 storey tower here or here

 

11. Quintain are to open 70 new shops, restaurants and services on a space of over 4000sq ft at Wembley Park costing £3 million.

It’s important that we continue to nourish the independent brands that put their confidence in the scheme and the huge opportunity that it brings with it” Matt Slade, Quintain

Read more here 

 

12. Worthing Council gives the go ahead to BoKlok, which is co-owned by Ikea and Skanska, to build 162 affordable flats.

The flat-pack apartments will feature Ikea kitchens and if the project is successful, a further 500 homes could be built in the near-future.

Read more here

 

13. Desk prices are expected to drop globally as operators find new space outside of the central business district, whilst businesses residing in Canary Wharf should prepare for a shock increase once Crossrail eventually opens.

CBRE take a look at the impact of Crossrail on the property sector: Read more here and here  and here

 

The wave of rainbow-striped logos, pride outfit ranges and sponsored blimps across London presents a huge opportunity for retailers. #PrideMonth

 

Get in touch if you would like to find out more, arrange a meeting or discuss any of this in more detail.

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Our team are constantly searching for relevant news stories, so we thought we’d share some of the best ones we have been talking about recently with you.

PCG News Wrap Up 12th July 2019