Schroders acquires Romford warehouse and leisure scheme

The Schroder UK Real Estate Fund as announced it has partnered with Zurich Investment Foundation Immobilien Europa Direkt (IED) to acquire The Brewery, a prime supermarket anchored, retail warehouse and leisure scheme in Romford, Greater London for £162 million in a 50:50 joint venture. The Brewery comprises a 21-acre site with 545,478 sq ft of retail and leisure space anchored by national operators including a Sainsbury’s superstore, Nuffield Health, The Range, Boots, Pure Gym, a 16-screen Vue Cinema and several food and beverage outlets including Wagamama, Starbucks and Costa Coffee.…

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The 25 most beautiful cinemas in Australia

While some movie lovers would happily watch a classic while sitting on a log in a remote jungle and still be content, there are many who find the decor, spirit and history of the cinema an essential element of their movie-going experience. The rise of streaming services and the increasing affordability of home cinema setups has meant that the act of attending a cinema is no longer to be taken for granted by venue operators and the cinema industry. Since it is no longer necessary to go out to see…

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Landsec in talks to buy Lendlease’s 25% stake in Bluewater for £200m

Landsec is reportedly in discussions with Lendlease to acquire a 25 per cent stake in its Bluewater Shopping Centre in Kent in a £200 million deal. If the deal goes ahead, Landsec will take majority control of the 1.8 million sq. ft Dartford mall, increasing its stake to 55 per cent. Sources familiar with the talks confirmed Landsec and Lendlease are close to agreeing the deal, Property Week reported. Landsec is considering increasing its holding further, potentially taking full ownership of the centre if the remaining shareholders agree to sell. The remaining…

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