Next Steps for £70m Littlewoods TV and Film Studio

The next steps have been set out to unlock a potential £70m redevelopment of the iconic Littlewoods building in Liverpool, which could create almost 4,000 jobs. The scheme would aim to create one of the UK’s biggest TV and film complexes. The project includes major studios, creative office and new media facilities, and seeks to transform Liverpool into one of Europe’s premier TV and film hubs. The former art-deco HQ of the Littlewoods empire has been vacant for decades and is in a state of severe dilapidation, including fire damage in 2018.…

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The dramatic rise of out-of-town retail

It’s fair to say that high street success stories during the peak of the pandemic were few and far between. However, the struggles of the high street have paved the way for an alternative asset class – out-of-town retail centres. The rise and continued success of out-of-town centres was reflected in British Land’s results this week as the landlord reported a rise in net asset value for the first time since 2018, thanks largely to its investment in retail parks. Darren Richards, Head of Real Estate at British Land, told Property Week “Retail…

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Meadowhall leisure expansion would hit city centre, council says

A £150m shopping centre extension focusing on leisure would harm a nearby city centre, a council has warned. British Land, which co-owns the Meadowhall centre on the outskirts of Sheffield, wants to develop a leisure park and outdoor adventure area nearby. Sheffield City Council backed the plans when it considered them before the pandemic, but now objects. It said the loss of major retailers like John Lewis meant the city centre must now focus on leisure and catering. The latest Meadowhall plans would see development of the Vulcan Road M1…

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