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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Could tech save the high street?

All areas of life are enriched by our digital connections, from our relationships with family and friends to the way we interact with colleagues and service providers. It was technology that helped us to survive lockdown by providing a lifeline to the outside world – and it will continue to be of vital importance as we look cautiously but hopefully towards a post-pandemic future. Some things will never be the same again – in particular the popularity of a flexible, hybrid approach to working from both home and office –…

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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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