BCSC undergoes self-analysis
The BCSC is undergoing a strategic review to make itself more relevant to its membership and today’s market. It is undertaking a full review of its brand and examining its direction over the next five years. A new name will be revealed before the end of the year.
Westmount eyes Morfa Park
Westmount Real Estate is under offer to buy Morfa retail park in Swansea from The Crown Estate for around £83m – a 6% yield. The 339,000 sq ft retail park is let to tenants including Morrisons and Next. Wilkinson Williams advised The Crown Estate.
Sheffield names shortlist
Queensberry Real Estate, Aspire Developmen§t Management and Lend Lease have been shortlisted by Sheffield city council as partner for the £480m Sheffield Retail Quarter. A preferred partner is due to be selected in early 2016 for the 900,000 sq ft project. Hammerson walked away from the regeneration scheme in 2013.
EE signs for Oxford Street shop
EE has signed for its fifth shop on Oxford Street, W1. It is moving into the former
Claire’s Accessories at 488 Oxford Street, a 2,150 sq ft shop with a 10-year lease. Typical rents on Oxford Street range from £650-£700 zone A. The landlord, the Libyan Foreign Investment Company, was advised by James Andrews International; Savills acted for EE.
Ted takes back its offices
Ted Baker has purchased its offices at King’s Cross, NW1, from liquidators to Eastfield Holdings. Begbies Traynor is selling the 262,800 sq ft Canal Reach campus, also let to Verizon. Ted Baker is understood to be paying more than £90m. Crossland Otter Hunt and Robert Irving Burns advised on the sale; Noble Harris advised Ted Baker.
