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PCG News Wrap Up 7th December 2018

Friday 7 December 2018 Data Insight & AnalyticsProperty DevelopmentRetail Consultancy

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 news 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. Market Halls Victoria is London's newest all-day dining destination

Great news for commuters as the new multi-restaurant development will feature three popular London vendors and is set to rival Coal Drops Yard at Kings Cross.

Read more

 

2. Mamas & Papas will open their first concession in Next at Cribbs Causeway due to their strong overlap in shared customer base

The partnership marks Mamas & Papas first movement into concession retailing and will offer their full range of goods including pushchairs, baby seats, clothing and furniture.

Read more

 

3. H&M open their first worldwide new concept store in Hammersmith, offering a 'first-of-a-kind retail experience'

With the intention to strengthen the H&M brand, the new 3-floor store will have a completely new look and feel, and will feature stone flooring, a courtyard, a wrought iron staircase and a £3 customisation service.

Read more

Read more about what we think is in the future for retail, including thoughts on a more creative and engaging future - Predicting the Future of Retail Space

 

Retailers are generally looking to rationalise rather than extend their current portfolios

Adam Young

4. Grosvenor has launched a new retail concierge service aimed at new and independent retailers in the West End

The services include discounted innovation workshops and introductions, utilities set up and advice on marketing, PR and facilities management.

Read more

 

5. The multi-brand concept store 'North Mayfair Emporium' has opened just moments away from Oxford Street, offering premium yet affordable fashion and accessories

The new store, opened by Grosvenor, aims to support upcoming retail brands by offering an “all-inclusive lease” to the six independent retailers that are seeking a physical presence in this prime location.

Read more: First landowner concept store of emerging lifestyle brands to launch in North Mayfair

Read more: Concept store for emerging brands to launch in Mayfair

 

6. Airbnb are to add real estate development to their portfolio and will begin testing prototype homes in 2019

The new project named “Backyard” will trial flexible living arrangements, looking at new ways homes can be designed to accommodate owners or occupants who rent and share living spaces.

Read more

Find out about the demographics that make up the 8.6 million people most likely to move over the next 12 months in our blog - The demographics of building homes: Who's liklely to move in?

 

The next step is to rethink the home so that mixed use is there from the get-go

The Washington Post

7. 'Edge' architects have redesigned the physical space and customer experience of Costa Coffee stores, set to roll out over 1,000 siteas in the UK over the next 2 years

The new design was trialled in Costa Coffee House, Wandsworth, which was well received and saw a boost in sales following the renovation.

Read more

 

8. This week, joint ventures Landsec and The Crown Estate open 5 new retailers at Westgate, Oxford

Urban Outfitters, Mango, Newbie and Flannels have joined the 3-storey Zara which opened just before this year’s Black Friday event.

Read more

 

9. Mike Ashley proposes increased taxes for online retailers and vows to shut 15 stores in Intu shopping centres

The news comes after it was revealed that four House of Fraser stores were due to close, and among these new stores vowed to shut are Flannels and USC.

Read more: Mike Ashley moves to shut 15 stores after rent row with Intu

Read more: Mike Ashley: Mainstream high streets are already dead

 

10. Intu have exposed the sale of 3 sites in Brierley Hill, York House and Derby, totalling £25.25m to reinvest in ongoing developments

Included in the sale is the 75,186sq ft. site close to Intu Merry Hill and the former 53,000sq ft. BHS store at Intu Derby, which has reportedly been bought by Mike Ashley.

Read more: Bidders ditch £2.8bn Intu takeover deal

Read more: Intu sells3 properties for £25m to 'recycle capital'

 

11. John Lewis, House of CB and Lush share their concepts for rescuing high street shopping by embracing the 'experience'
 

 

12. Hammerson have sold their 50% share in Leicester's Highcross shopping centre, pocketing £236 million

The stake was sold to an Asian investor, which will allow Hammerson to reduce drawings under revolving credit facilities with no impact to the firm’s group net debt.

Read more

 

13. As part of the Shaftesbury Central Cross development, the cyber cafe brand 'Wanyoo Cafe' will be making their European debut close to Soho and Chinatown London

The cyber café brand, who have over 1,100 locations worldwide, will provide 495sqm for gamers with an eSports gaming station, leisure areas and co-working spaces.

Read more

 

 

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

If you would like to receive this blog straight to your inbox every fortnight, sign up here

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 7th December 2018