EG’s news agenda: What to look out for this week

Here’s a look ahead to what is happening in the world of commercial real estate this week. Make sure to check back with EG for the full analysis as we deliver your daily news agenda. Tuesday Next will publish its trading statement covering sales to 28 December. Most recently, the retailer has increased its guidance for Q4 2024 full-price sales growth by 1.0% to 3.5%. Westminster City Council’s planning officers have recommended the approval of a makeover for Park House. The proposals feature a 10,764 sq ft medical centre, a 9,837 sq ft restaurant, competitive socialising space on the basement and ground floors covering up to 21,528 sq ft, and the retention of at least 54,932 sq ft of retail space.  Liverpool City Council is expected to grant planning permission for the £23.6m redevelopment of 118-124 Duke Street. The proposals, brought forward by Davos Property, the development arm of retailer TJ Morris, will see a terrace of four three-storey Grade II listed Georgian town houses turned into 88 flats.  Thursday Unite Group will shed a light on its trading over the past months, having reported an increase in valuation of its estate in Q3 2024. In addition, the firm is understood to be experiencing an uptick in rental growth and occupancy levels. Tesco will report on its trading performance and progress across its new store openings. The firm added 44 stores in the UK and Europe in the first half of 2024 and was expected to grow this number by the end of the year. M&S is also expected to deliver an update on its expansion strategy as it sets out to build out its pipeline of 180 department and grocery stores and 420 food stores by 2028. Greggs will update shareholders on its most recent trading performance. The company has surpassed the 2,500-shop milestone, with new openings and resites across new locations and shop formats, allowing it to unlock more multi-channel opportunities. A stalled police station scheme in Leeds will be brought back for a decision at the city council meeting. At the end of October, panel members deferred the decision, seeking the district valuer’s advice to help fully inform and understand the viability issues around the profitability of the scheme. Friday Sainsbury’s will reveal the details of its performance in recent months. Late last year, the grocery chain committed to opening around 20 supermarkets within the next 18 months. Image © Absolutvision/Unsplash