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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This is what the high street of the future will look like

John Timpson knows a thing or two about the high street. The chairman of the UK shoe-repair chain that bears his family name was, after all, entrusted to lead a 2018 government review into what the future UK high street would look like. Though at one time he envisaged a future where the number of shops in British town centres would have halved, he could never have imagined how quickly that revolution would come. The impact of the pandemic on our towns and cities has, he says, been seismic: “What…

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Google buys London office development for $1bn

Google has acquired the iconic Central Saint Giles office development in London’s West End, where it is currently a tenant, for $1 billion (£762.5m) from a joint venture between Legal & General and Mitsubishi Estate London. Google said this investment represents its continued confidence in the office as a place for in-person collaboration and connection. Ruth Porat, SVP and CFO of Google and Alphabet, said: “We have been privileged to operate in the UK for nearly 20 years, and our purchase of the Central Saint Giles development reflects our continuedcommitment to the country’s…

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