DOCSLIB.ORG

Live Well for Less

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Live Well for Less Live Well For Less Annual Report and Financial Statements 2019 Sainsbury’s Group at a glance Helping customers live well for less has been at the heart of what we do for 150 years, since John James and Mary Ann Sainsbury opened the doors of our first shop in Drury Lane in 1869. We employ 178,000 colleagues who work hard every Read more about our business model on page 08 day to make our customers’ lives easier and provide Read more about our business strategy on page 09 them with great products, quality and service. Food We are committed to helping our customers 2.2% live well for less. We offer customers quality Growth in Taste the Difference volumes and convenience as well as great value. Our distinctive ranges and innovative partnerships differentiate our offer. Customers consistently 57% rate the quality of our food as market-leading Of UK households benefit from and continue to switch to us from more Same Day delivery premium competitors. See more on page 10 General Merchandise and Clothing 281 Argos stores in We are one of the largest general merchandise Sainsbury’s supermarkets and clothing retailers in the UK, offering a wide range of products across Argos, Sainsbury’s Home and Habitat, in stores and online. We are a market leader in toys, 1bn+ electricals and technology and Tu clothing Visits to the Argos website offers high street style at supermarket prices. every year and sales generated through mobile devices passed See more on page 12 £2 billion for the first time Financial Services Financial Services are an integral part of our 2m+ business. Sainsbury’s Bank offers accessible Active customers at Sainsbury’s Bank products such as credit cards, insurance, and two million active customers at travel money and personal loans that reward Argos Financial Services loyalty to the Group. Sainsbury’s Bank and Argos Financial Services each have over two million active customers. 45% Of Argos Card balance payments See more on page 14 made via our app last year Cover images ©The Sainsbury Archive, Museum of London Docklands Strategic Report 01 Performance highlights Strategic Report Strategic Report 01 Contents page 02 Chairman’s letter 04 Chief Executive’s Q&A £32,412m £635m 06 Market context Group sales (inc VAT), up Underlying profit before tax, 08 Our business model 09 Our business strategy 2.1 per cent up 7.8 per cent 10 Priority 1: Differentiate food and grocery through quality, value and service 12 Priority 2: Grow General Merchandise and Clothing 14 Priority 3: Offer our customers (0.2)% 11.0p easy access to financial services Group like-for-like sales Proposed full-year dividend, 15 Priority 4: Generate efficiencies to invest up 7.8 per cent in our digital future Governance Report 17 Priority 5: Strengthen the balance sheet 18 Our values make us different 28 Our KPIs 30 Our principal risks and uncertainties 22.0p 9.1p 38 Financial Review Underlying basic earnings Basic earnings per share, per share, up 7.8 per cent down 31.6 per cent Governance Report 44 Board of Directors 46 Operating Board 48 Corporate Governance 58 Nomination Committee Report £239m 8.5% 60 Audit Committee Report Statutory profit before tax, Return on capital employed 68 Corporate Responsibility and down 41.6 per cent Sustainability Committee Report Financial Statements 70 Annual Statement from the Remuneration Committee Chair 74 Annual Report on Remuneration 94% 35% 86 Additional statutory information Of stores partnered with local Absolute reduction in carbon charities, up from 91 per cent emissions against our 2005 Financial Statements baseline, achieving our 2020 90 Statement of Directors’ Responsibilities target early 91 Independent auditor’s report to the members of J Sainsbury plc 96 Consolidated Financial Statements 101 Notes to the Consolidated Financial Statements Read more about our financial KPIs on page 28 106 Income Statement Notes 118 Financial Position Notes 150 Cash Flow Notes 153 Employee Remuneration Notes Non-financial information statement 163 Additional Disclosures We are pleased to set out below where you can find information relating to 173 Company Financial Statements non-financial matters in our Strategic Report, as required under sections 414CA 175 Notes to the Company Financial Statements and 414CB of the Companies Act 2006. 181 Additional shareholder information 185 Alternative performance measures Where to find the information in the 188 Glossary Matter Annual Report Page Environmental matters Sourcing with integrity 22 and 23 Respect for our environment 24 and 25 Colleagues Great place to work 26 and 27 Social matters Living healthier lives 20 Making a positive difference 21 to our community Sourcing with integrity 22 and 23 Human rights Sourcing with integrity 22 and 23 Great place to work 26 and 27 Anti-corruption and Great place to work 26 anti-bribery Reference to our policies, due diligence processes and information on how we are performing on various measures in these areas are contained throughout the Strategic Report. Information on our principal risks and uncertainties can be found on pages 30 to 36, information on our non-financial key performance indicators can be found on page 29 and a description of our business model can Find out more at be found on page 08. www.about.sainsburys.co.uk/ar2019 02 Strategic Report J Sainsbury plc Annual Report 2019 Chairman’s letter 2018/19 highlights Chairman Martin Scicluna sets out how 11.0p 8.5% we plan to deliver on our strategy and grow Proposed full-year dividend Return on capital employed value for shareholders. 22.0p £461m Underlying basic Free cash flow earnings per share I joined the Sainsbury’s Board in the knowledge that it is a highly respected, values-driven business, known for quality, value and customer service. Sainsbury’s has a long and distinguished heritage and I’m delighted to have become Chairman during the Company’s 150th anniversary year. The retail market remains highly competitive. We have the right strategy in place and a clear plan for the year ahead. Combined with committed, hard-working colleagues led by a talented, experienced leadership team, I believe we are well placed for the future.” Martin Scicluna Chairman Strategic Report J Sainsbury plc Annual Report 2019 03 Joining the Board We have an excellent store estate in great Our values are integral to our business and Strategic Report I joined Sainsbury’s Board as Chairman locations and will invest in over 800 I am delighted that we are celebrating our Designate in November 2018 and took over supermarkets and convenience stores this 150th year by introducing a volunteering as Chairman of Sainsbury’s Group in March year, rolling out our beauty concept, wellness scheme that builds on our heritage, enabling 2019. I did so in the knowledge that I was aisles, food to go and integrated general our colleagues to make a real difference in joining a highly respected, values-driven merchandise and clothing sections. their local communities. business, known for quality, value and £4.7 billion of our sales are generated customer service. Sainsbury’s has a long Board changes through our digital channels and we will and distinguished heritage and I’m delighted I would like to thank David Tyler for his invest more in technology to make shopping to have become Chairman during the significant contribution to the business and across Sainsbury’s, Argos and Sainsbury’s Company’s 150th anniversary year. for his leadership of the Board during his Bank as easy and seamless as possible. time as Chairman. I am also personally I have spent my first few months learning as Integrating Nectar more fully into the grateful for the smooth transition he ensured much as I can about the business by visiting business also supports our strategy of for me when I joined the Board as Chairman Governance Report stores, distribution centres and store support knowing our customers better than Designate. I look forward to leading our centres around the country. In talking to anyone else. strong and diverse Board, with its mix of colleagues at all levels of the business, as skills, gender and ethnicity. We are delivering on our strategic objective well as to suppliers and other key industry to grow the proportion of secured lending stakeholders, I have been struck by a We appointed Clodagh Moriarty to the on Sainsbury’s Bank’s balance sheet and to number of things. Operating Board in June to lead the Group’s reduce regulatory capital requirements. digital strategy, ensuring customers have an Firstly, that in Sainsbury’s, Argos and integrated and seamless digital experience In a very competitive market, we have Sainsbury’s Bank, we have three of the most across Sainsbury’s, Argos, Sainsbury’s Bank increased underlying profits to £635 million, trusted brands in UK retail. We offer and Nectar. growing underlying earnings per share by customers strong, distinctive ranges of high 7.8 per cent to 22.0 pence per share. quality food, clothing, general merchandise Dividend and financial services, available through We have announced a number of steps we In line with our policy of paying a dividend convenient, well-established channels and are taking to grow value for our shareholders. that is covered 2.0 times by underlying Financial Statements with home delivery and Click & Collect. We will continue to strengthen our balance earnings, we propose to pay a final dividend sheet and reduce net debt significantly of 7.9 pence per share, bringing our full-year I have also been hugely impressed by the and improve free cash flow over the next dividend to 11.0 pence per share, an increase enthusiasm and commitment of our three years.
Load more

Recommended publications
  • Annual Report and Financial Statements 2018 Sainsbury’S Group Helping Customers Live Well for Less Has Been at the Heart of What We Do Since 1869
    Live Well For Less Annual Report and Financial Statements 2018 Sainsbury’s Group Helping customers live well for less has been at the heart of what we do since 1869. We employ over 185,000 colleagues who work hard every day to make our customers’ lives easier and to provide them with great products, quality and service whenever and wherever it is convenient to access them. Food Our strategic focus is to help 608 our customers live well for less. Sainsbury’s supermarkets We offer customers quality and convenience as well as great value. Our distinctive ranges and innovative 102 partnerships differentiate stores offering Same Day our offer. More customers delivery to 40 per cent are shopping with us than of the UK population ever before and our share of customer transactions has increased. See more on page 12 General Merchandise 191 and Clothing Argos stores in Sainsbury’s We are one of the largest general supermarkets merchandise and clothing retailers in the UK, offering a wide range of products across our Argos, Sainsbury’s Home and 16 Habitat brands, in stores and Habitat stores and online. We are a market leader in Click & Collect available toys, electricals and technology in over 2,300 locations and Tu clothing offers high street style at supermarket prices. See more on page 14 Financial Services Financial Services are an 3.9m integral part of our business. Active customers Sainsbury’s Bank offers at Sainsbury’s Bank and accessible products such as Argos Financial Services credit cards, insurance, travel money and personal loans that reward loyalty.
    [Show full text]
  • J Sainsbury Plc Board of Directors
    Live Well For Less Annual Report and Financial Statements 2019 Sainsbury’s Group at a glance Helping customers live well for less has been at the heart of what we do for 150 years, since John James and Mary Ann Sainsbury opened the doors of our first shop in Drury Lane in 1869. We employ 178,000 colleagues who work hard every Read more about our business model on page 08 day to make our customers’ lives easier and provide Read more about our business strategy on page 09 them with great products, quality and service. Food We are committed to helping our customers 2.2% live well for less. We offer customers quality Growth in Taste the Difference volumes and convenience as well as great value. Our distinctive ranges and innovative partnerships differentiate our offer. Customers consistently 57% rate the quality of our food as market-leading Of UK households benefit from and continue to switch to us from more Same Day delivery premium competitors. See more on page 10 General Merchandise and Clothing 281 Argos stores in We are one of the largest general merchandise Sainsbury’s supermarkets and clothing retailers in the UK, offering a wide range of products across Argos, Sainsbury’s Home and Habitat, in stores and online. We are a market leader in toys, 1bn+ electricals and technology and Tu clothing Visits to the Argos website offers high street style at supermarket prices. every year and sales generated through mobile devices passed See more on page 12 £2 billion for the first time Financial Services Financial Services are an integral part of our 2m+ business.
    [Show full text]
  • Swale Borough Council
    SWALE BOROUGH COUNCIL Project: RETAIL STUDY 2010: Bulky and DIY Goods Addendum Latest Revision: 20/05/2011 - DRAFT Study area population by zone Zone 2010 2015 2020 2025 1 39,501 40,410 41,418 42,595 2 12,888 13,185 13,514 13,897 3 46,052 47,112 48,287 49,659 4 11,242 11,501 11,788 12,123 5 19,162 19,603 20,092 20,663 6 5,340 5,463 5,599 5,758 TOTAL 134,185 137,274 140,698 144,695 Sources/notes for frontispiece 1. 2010 population for each zone from Pitney Bowes Business Insight Area Profile Report (6 July 2010) 2. Growth in population based on growth rates implied by scenarioKent County 3 of Council 6 scenarios population prepared forecasts by Research for Swale & Intelligence, Borough - South Kent CouEastntyPlan Council Strategy (16- Septemberbased Forecasts 2010). (September The KCC projections 2009) Total are Population based on SwaleForecasts. Borough Available: Counciil's 'Option 1' for newhttps://shareweb.kent.gov.uk/Documents/facts homes which assumes an additional 13,503-and dwellings-figures/sep between-forecasts 2006-sep-2031-09 -usingweb.pdf a phasing Access provideddate: 12 byOctober SBC 2010 OTHER COMPARISON GOODS Table 3.1 Expenditure per capita (£) Zone 2007 2010 2015 2020 2025 1 2,062 2,162 2,592 3,124 3,764 2 2,356 2,470 2,962 3,569 4,301 3 2,164 2,269 2,721 3,278 3,950 4 2,336 2,449 2,937 3,539 4,264 5 2,194 2,300 2,758 3,324 4,005 6 2,347 2,460 2,951 3,555 4,284 Sources/notes for Table 3.1 1.
    [Show full text]
  • Habitat Ltd, Furniture and Household Goods Manufacturer and Retailer: Records, Ca
    V&A Archive of Art and Design Habitat Ltd, furniture and household goods manufacturer and retailer: records, ca. 1960 – 2000 1 Table of Contents Introduction and summary description ................................................................ Page 4 Context .......................................................................................................... Page 4 Scope and content ....................................................................................... Page 4 Provenance ................................................................................................... Page 5 Access ......................................................................................................... Page 5 Related material .......................................................................................... Page 5 Detailed catalogue ................................................................................ Page 6 Corporate records .............................................................................................. Page 6 Offer for sale by tender, 1981 ................................................................................................ Page 6 Annual Reports and Accounts, 1965-1986 ............................................................................. Page 6 Marketing and public relations records ............................................................. Page 7 Advertising records, 1966-1996 ............................................................................................
    [Show full text]
  • 000714 Sainsburys Values Update 2019 0306 KB.Indd
    Our values make us different Values Update 2019 01 Contents J Sainsbury plc Values update 2019 Welcome Helping customers live well for less has been Contents at the heart of what we do for 150 years, since 01 Welcome 02 A message from our John James and Mary Ann Sainsbury opened the Chief Executive Officer doors of our first shop in Drury Lane in 1869. 03 Our values make us different We employ 178,000 colleagues who work hard 05 Living healthier lives 06 Making a positive difference every day to make our customers’ lives easier to our community and provide them with great products, quality 07 Sourcing with integrity 09 Respect for our environment and service. 11 Great place to work Our customers care about wide-ranging, complex 13 Local to global impact issues that impact them and our wider world. 13 A message from the Director of Sainsbury’s Brand They trust us to be a responsible business, 14 Spotlight whether that’s by supporting the communities 17 Governance we serve and source from, managing our 17 Corporate Responsibility and environmental impacts or contributing to Sustainability Committee Report a healthier, more inclusive society. 19 Performance scorecard Our values underpin everything we do as a business and help us strengthen relationships with all our stakeholders. They enable us to build trust, reduce operating costs, mitigate risks and attract and retain talent. This is an update on progress against our Sustainability Plan, which is structured around our values. Find out more at www.about.sainsburys.co.uk/ making-a-difference 02 A message from our Chief Executive Officer J Sainsbury plc Values update 2019 Driving lasting, positive change As we celebrate our 150th I’m proud to say that our focus on giving anniversary, Chief Executive customers high quality food at good value 178,000 remains as true today as it was 150 years colleagues Officer Mike Coupe reflects ago when we opened our doors on Drury on our values, which Lane.
    [Show full text]
  • Tools That Build a Better Future
    Tools that build a better future Annual Report FY2018 July 1, 2017 – June 30, 2018 Habitat for Humanity International The tools in our toolbox ______________________ 2 Annual Report FY2018 Celebrating our global numbers _________________ 17 Summary of individuals served _________________ 22 July 1, 2017 – June 30, 2018 Letter from the chair of the board habitat.org of directors and the CEO _________________________ 24 A commitment to global stewardship _________ 25 Financial statements ______________________________ 26 FY18 feature spotlights ___________________________ 28 Corporate, foundation, institution and individual support ____________________________ 33 Tithe ___________________________________________________ 45 Donations _____________________________________________ 46 Board of directors and senior leadership ____ 49 “It’s a unique set of tools that builds a future, and I think Habitat is that toolbox that just brings it all together.” Habitat Humanitarian Since our founding in 1976, Habitat for Humanity has helped more Jonathan Scott than 22 million people build or improve the place they call home. With your support, in fiscal year 2018 alone, we most, we also faithfully bring a few of our helped more than 8.7 million people, and an favorite tried-and-true tools to the workbench. additional 2.2 million gained the potential to improve Volunteerism, service, advocacy, awareness. their living conditions through training and advocacy. These engines — fueled by your generous We’ve accomplished all of this with the trowel and support — propel the inclusion, innovation and the power saw, to be sure, but also by working inspiration that are hallmarks of our work around alongside families to help them access the tools the world. they need for a better tomorrow.
    [Show full text]
  • Changes to Stores
    Changes to stores: From Sunday 20 December, following guidelines a selection of Argos stores and Argos stores within a Sainsbury’s supermarket, will be open for the collection of pre-paid online orders only. You will not be able to purchase any items in these stores during this time. Returns can be taken to an Argos store within a Sainsbury’s supermaket whilst picking up essential shopping. Please see below, the selected stores: Argos stores: Argos - Hempstead Valley Argos - Chatham Argos - Shepherds Bush Argos - Milton Keynes Argos - Balham Argos - Wood Green Argos - East Ham Argos - Kilburn Argos - Streatham Argos - Old Street Argos - Dalston Argos - Woolwich Argos - Stratford Argos - Hounslow Argos - Edgware Road Argos - Ilford Argos - Sutton Argos - Canterbury S/S Argos - Camden Argos - Holloway Argos - Staines Argos - Borehamwood Argos - Ealing Argos - Charlton Argos - Braintree Argos - Thurrock Retail Park Argos - Chancery Lane Argos - Basildon Pipps Hill Argos - Eltham Argos - Tottenham Hale Argos - Harrow Argos - Bedford Interchange Argos - Peckham Argos - Chelmsford Chelmer Argos - Enfield Argos - Brixton Argos - Waltham Cross Argos - Watford Waterfields Argos - Edgware Argos - Thamesmead Argos - North Finchley Argos - Ashford Business Pk Argos - Dover Argos - Strood Argos - Weybridge Argos - Newbury Retail Park Argos - Kingston Argos - Lewisham Argos - Croydon Argos - Southend Airport Argos - Stevenage Argos - Reading Forbury ... Argos stores continued: Argos - H’Hempstead Apsley Argos - Edmonton Ravenside Argos - Leighton Buzzard
    [Show full text]
  • J Sainsbury Plc Preliminary Results Announcement 2020-21 Wednesday, 28 April 2021 - 9:30 Am
    J Sainsbury plc Preliminary Results Announcement 2020-21 Wednesday, 28 April 2021 - 9:30 am Simon Roberts Chief Executive Officer Good morning. Welcome to our 2020/2021 results presentation. Thank you everyone for joining us today. It’s been an exceptional year for the business, for our people and in everything we've delivered for our customers. First and foremost, I want to recognise the outstanding contribution of my colleagues, of our entire team. They have risen to the huge challenges and have been heroic in how they have looked after our customers, and each other, every day. I’m really proud of the business and the part we played within the wider industry response, as food supply chains really stepped up to feed the nation. My thanks also to our suppliers for all their support and partnership. They have done a fantastic job throughout the last 12 months. Every day in every part of what we do, we cared about what mattered most for our customers, our colleagues and the communities we serve. Safety first, prioritising the elderly, disabled and vulnerable from day one, protecting availability, supporting shielding colleagues, supporting communities with food donation. Our values really came to the fore. And it’s been a time of extraordinary change, learning and agility for the business too. We have responded and adapted well throughout the pandemic. We have delivered at pace, every step of the way and as a result, we’re stronger & fitter for the future. I set out a clear plan and strategy in November to transform our busines over the next three years.
    [Show full text]
  • A Historical Look at the Shops – Past and Present in the Colchester Town Centre Area
    A HISTORICAL LOOK AT THE SHOPS – PAST AND PRESENT IN THE COLCHESTER TOWN CENTRE AREA 1 INTRODUCTION Having written about walking around our town and others over Christmas and the month of January, looking at churches in Essex, Suffolk and Norfolk, the weekend of 1st and 2nd February 2014, saw me writing and photographing the main shops in our town of Colchester and trying to find out the National History of the businesses. So here is my story again …… 99p STORE (84-86 Culver Street East) 99p Stores Ltd. is a family run business founded in January 2001 by entrepreneur Nadir Lalani, who opened the first store in the chain in Holloway, London, with a further three stores opening later that year. In 2002, Lalani decided to expand the business throughout the UK and has rapidly developed 99p Stores, operating a total of 129 stores as of March 2010 and serving around 1.5 million customers each week, undercutting their main rival Poundland by a penny. As of mid-2009 the company offered more than 3,500 different product lines throughout its stores. Most of their stores are based in the south of the UK, although there are stores as far north as Liverpool and Hartlepool. The chain saw accelerated store expansion upon the collapse of Woolworths Group, where they took the opportunity to acquire 15 of these former stores, increasing their estate to 79 at that time. Landlords are now regarding 99p Stores as an anchor tenant due to the significant number of customers one of their stores can bring to a location.
    [Show full text]
  • Sainsbury's Argos
    • Our Purpose • Our Heritage • Our Scale • Our Vision, Values & Sustainability • The Opportunity – Bedding • Next Steps Our Purpose live well for less • Founded by John James Sainsbury and his wife Mary Ann over 150 years ago, we’ve grown from one store on Dury Lane in London to become one of the UK’s largest food retailers • In 2016 Sainsburys purchased Argos. Argos introduced its iconic catalogue in 1973 and has grown the UK’s leading multi-channel retailer. • Habitat has been bringing cutting-edge interior design to UK high streets since the 1960s. Our Scale • With over 600 supermarkets, 800 convenience stores, and nearly • With 29 million store customers and nearly a billion online visitors 250,000 online orders every week. every year, Argos is the 3rd most visited website in the UK. • The quality, range and provenance of our food sets us apart from • We have something for all the family, including top brands like other supermarkets. And it will continue to do so. We’re investing Bose, Dyson, and Samsung, and exclusive lines like Chad Valley. in a three-year programme to upgrade over 3,000 of our own- brand products • We offer customers what they want, how they want it, 92.5% of households can benefit from our same-day Fast Track Delivery • Sainsbury’s GM business gives shoppers easy access to the kind and free in-store Fast Track Collection services. of general merchandise they want to pick up while they’re picking up their groceries. Our GM range covers everything from homeware, toys and seasonal products.
    [Show full text]
  • JS Journal Jan-Feb 1986
    JS campaign for cancer relief is launched JSJOURNAL FRONTLINE is published every month 1986 is Energy Efficiency Year, news next month. for employees of Industry Year and also the year Our cover is devoted to this J Sainsbury pic in which JS staff will be working Stamford House year's JS charity — cancer relief. Stamford Street for the National Society for The picture shows a cancer London SE1 9LL Cancer Relief. All three are patient being cared for in Cancer Telephone: 01-921 6660 already making their mark. Relief's Sir Michael Sobell Monergy 86 becomes the by­ House, Oxford. Associate editor Yvonne Burke word for energy efficiency on The charity is, this year, cele­ Assistant editor page 14 as the company aims to brating its 75th anniversary. Turn Ann Grain save more than the £700,000 of to page 12 and read about the Editorial assistant energy it saved last year. work it does. Then decide what Jane Heeney The Sainsbury's Retail Chal­ you can do to help. Typesetting and Printing lenge on page 11 is just one of the On the same page you can In-Step Ltd events organised as part of JS's discover how Bof Geldof's Band contribution to Industry Year — Aid organisation become in­ Contents look out for more Industry Year volved with JS. News 2/3 Honorary degree for Sir John Sainsbury Macmillan Cancer Relief fund. Report on success story of the YTS scheme Openings —Ilford —Altrincham —Chichester 40-Year Luncheon —Islington -Colchester HomebaselO A GRAND TOTAL of 320 years service was totted up and cele­ JS receives award for brated by eight members of staff arts sponsorship 11 who attended the 40 year A challenge to luncheon held in Stamford House schoolchildren 11 on January 6.
    [Show full text]
  • Corporate Summary
    RETAIL PARKS PORTFOLIO 7 August 2008 UK Abbey Retail Park, Newtownabbey, Belfast The scheme is located approximately three miles north of Belfast City Centre in an established retail location adjacent Size: 23,400m² to the Abbey Centre and a new flagship Marks & Spencer No of tenants: 5 store. The scheme is currently let at rents of between Ownership: Hammerson 100% £100/m² and £180/m². Proposals have been prepared for Main tenants: Tesco, B&Q an extension of the scheme to provide six new retail Tenure: Leasehold warehouse units. Planning: Part Open A1, part bulky goods Average rent: £140/m² Battery Retail Park, Birmingham Built in 1990, Battery Retail Park is located four miles to the South West of Birmingham City Centre. The park currently Size: 12,600m² consists of seven units and planning permission has been No of tenants: 7 obtained to build a further 900m² unit, which has been let to Ownership: Hammerson 25%/TIAA-CREF 75% Next. The extension will be completed in September and is Main tenants: B&Q, Currys, Homebase, PC World expected to open in November. Tenure: Leasehold Planning: Open A1 and restaurants Average rent: £285/m² Brent South Shopping Park, London, NW2 Owned by Hammerson and Standard Life, Brent South Shopping Park was constructed in November 2004. The Size: 8,500m² scheme, which is located directly opposite Brent Cross No of tenants: 9 Shopping Centre on the North Circular Road, is fully let. Ownership: Hammerson 41%/Standard Life 59% Main tenants: Arcadia, Borders, Next, TK Maxx, Tenure: Freehold Planning: Mainly open A1 Average rent: £505/m² Central Retail Park, Falkirk The scheme is anchored by a Tesco superstore and incorporates a 3,900m² Cineworld cinema and a 2,335m² Size: 37,200m² Ballantyne’s Health Club.
    [Show full text]