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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Rising demand for retail property gives “renewed optimism” to UK high streets

A rising demand for retail property to be used for leisure and hospitality businesses has given “renewed optimism” for some UK high streets and shopping districts, according to industry experts. The pressure from lockdown measures saw vacancy rates across shopping destinations hit record highs in the second quarter of 2021, with just over 14% of high street store locations remaining empty during the quarter. Shopping centres fared even worse, with vacancy levels sitting just under 20%. Vacancy rates began to level out in the third quarter however, following a surge…

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Go!Gaming opens first location in Pathé Schouwburgplein

On Friday December 17, Go!Gaming opened its first location in Pathé Schouwburgplein in Rotterdam. According to the owners, the game location is equipped with the very best gear, including 3080 RTX video cards, Playseat Gaming Chairs and Playseat Raceseats. Go!Gaming is a partnership between cinema chain Pathé and H20 Esports Campus and brings gamers, esporters and Pathé visitors together. Pathé Rotterdam Schouwburgplein is the very first cinema to be expanded with a Go!Gaming location. The location is located within the Pathé foyer and is accessible through the entrance of the…

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