Corporate and Social Responsibilty

Total Page:16

File Type:pdf, Size:1020Kb

Corporate and Social Responsibilty CORPORATE AND SOCIAL Treat every £1 as your own. We have implemented an Ethical Trading Code of Conduct to Respect each other. determine basic principles of environmental protection and RESPONSIBILTY Recognise and celebrate success. best practice in trade business. We focus on four key areas: using less electricity; maximising recycling opportunities; Our Group Business The values are representative of the way we aspire to improving fuel efficiency; and reducing packaging waste. We operate our business and our colleagues are encouraged to consider this key to the ongoing success of our business. Poundland Group Limited, the parent company of live these values during everyday interaction with our Poundland Limited was acquired by Steinhoff International customers and each other. We put our customers first, and Poundland continually investigates and tests new solutions Holdings NV on 16 September 2016 and is currently part of fully understand and recognise our responsibility to to reduce the environmental impact of our operations and Steinhoff UK Limited. The company typically trades using demonstrate to them that we trade fairly and take our constantly seek to reduce our energy consumption to deliver the names “Poundland’’ in the United Kingdom or Dealz in corporate and social responsibilities seriously. We recognise efficiencies and meet the exacting environmental the Republic of Ireland and international territories. our duty to operate our business in an ethical and responsible requirements of our socially aware customers. manner. For the purposes of this statement, the name “Poundland” This year we have set challenging targets for further is utilised to incorporate the companies that are included in Our CSR strategy focuses on 3 key areas: reductions in our energy consumption. the Poundland Group. Packaging Environment. Our Goal Social Responsibility. Poundland recognises the need to conserve natural Employee Welfare. At Poundland we deliver amazing value to our customers resources and to protect the environment. Therefore, we every day. We’ve grown to become one of the largest discount have adopted a policy that will reduce the environmental and value retailers in the UK, offering thousands of great Environment impacts associated with our product (primary) packaging and products including essential items, top brands and frequent new as a minimum, comply with all relevant legislation. Where lines. Poundland will always be fun and friendly with Poundland strives to find a way of successfully balancing all possible, the objective is to fit the packaging around the something for everyone. economic activities with the necessary care for our natural product to reduce the consumer waste, recycling costs, environment. We recognise that our operations impact the comply with the Packaging and Packaging Waste Directive Our values that underpin our goal are as follows: environment and that this is an increasingly important issue and reduce supply chain transport costs by utilising container for consumers. We continue to actively pursue policies that space more affectively. We put customers first. help us to reduce our carbon footprint and costs. Keep it simple. Individual responsibility team delivery. Packaging Policy Statement Waste Initiatives Primary packaging, at its most fundamental level, protects Monitor developments in packaging We are fully focused and compliant on all areas of waste: and contains the contents and communicates safety and technologies for opportunities to reduce legal requirements. environmental impacts. Budget Pack, the Packaging Consultants focused on compliance with UK Packaging Poundland will: Encourage suppliers of proprietary brands to Waste Regulations, work in partnership with adopt best environmental practice in the Poundland to provide battery collection Meet all legislative requirements as a design of packaging used for their products. facilities throughout all our stores. This means minimum. that customers can deposit any type of Comply with all rules, licences, copyrights, portable battery into collection containers Work toward a continuous reduction in the use codes of practice and official guidance when visiting a store. These batteries are of packaging materials, reducing size and concerning environmental labelling and claims. collected, sorted and recycled, ensuring that weight through improved design and the constituent parts are used again. appropriate use of materials. Electricity and Gas Waste Electrical (WEEE) - We currently operate Always view packaging from our customers’ In 2012 Poundland committed to an ongoing a take back system via helpdesk for the UK & perspective i.e. can I re-cycle it, can I re-use it, energy efficiency campaign aimed at reducing NI. does it have an alternative use? our emissions and their associated costs. The campaign focused on giving stores energy Packaging Waste (PRN’s) - We provide the Wherever possible, provide information to information that allows them to manage their government with data on the weight of customers concerning which packaging has a energy use primarily by good housekeeping. packaging waste materials (paper, glass, recycled content and/or can be recycled. aluminum, steel, plastic, wood, mixed Ensure all environmental claims are simple, The business will endeavor to maintain good recycling). meaningful, relevant, accurate, used in the housekeeping standards and add to them with appropriate context and can be substantiated. targeted investment in energy projects that Recycling & Waste give a suitable return on investment. For Require suppliers to provide information on example, we have invested in a low energy We recognise the potential impact on the the size, weight, design and materials content lighting scheme for our Willenhall warehouse. community of waste generated from our of packaging on all own brand products sold. activities; we therefore actively seek to reduce The business will maintain focus on lowering volumes of waste by recycling wherever carbon emissions to minimize annual costs possible. under the CRC energy efficient scheme. improvement and work with their suppliers to ensure Employment is freely chosen. All our stores and distribution depots recycles positive change. Freedom of association and the right to collective all its waste paper and packaging. bargaining are respected. Our good UK vendor relationships is under continuous Working conditions are safe and hygienic. improvement and virtually all primary manufacturers supply Our Customer Support Centre collects and us direct. It is pleasing that major manufacturers of branded Child labour shall not be used. recycles all its waste paper and packaging. products recognise the significance of Poundland to Working hours are not excessive. consumers and the outstanding growth opportunity that we No discrimination is practiced. We continue to investigate other sources of offer them to expand their brand reach. Top brands are very Regular employment is provided. important to our customers and securing continuity of waste and opportunities to recycle. No harsh or inhumane treatment is allowed. supply through these direct channels allows us to increase sales through improved availability and differentiate our Anti-bribery. Social Responsibility offer from other single price competitors. We continue to Transparency and full access. recognise the relevance of secondary and tertiary suppliers Unauthorised Subcontract. who enjoy long term relationships with our growing Sourcing Poundland brand. These suppliers remain important to the Poundland has a clear zero policy on: delivery of our overall offer. Poundland has recently undertaken a comprehensive review of its ethical trading policies and practices. Our internal audit Poundland also has the ability to source and develop Dangerous working conditions. function operates independent scrutiny of the adoption of all products on a global basis. Therefore, our Far East and Forced labour. our policies and procedures. We communicate our Code of Near East continue to be an important part of our Child labour. Conduct and Zero Tolerance Policy to all our existing and new sourcing strategy. Accordingly, we have strengthened our Bribery and corruption. suppliers. teams in both these locations, especially in the areas of Access denied to property or records. new product development, quality assurance and Unauthorised subcontract. Poundland is a member of Sedex, the supplier of ethical data control. exchange. Sedex provides member companies with a secure Ongoing improvement of our ethical, moral and social web based platform for storing and sharing information on Code of Conduct processes remains one of our key priorities. four key pillars: Poundland works closely with our suppliers to ensure that Auditing Health and Safety the standard to which their production sites operate are in Labour Standards line with our Code of Conduct. This code explains the way All factories that wish to manufacture own label products business Integrity that we behave as an organisation and how we expect our for Poundland are assessed by our in-house team of The environment colleagues and suppliers to act, including: experts or by an accredited third party. Our sites are audited at least every two years and suppliers are obliged Sedex helps businesses to identify opportunities for to be fully transparent. Employee Responsibility In addition, the Company has a whistleblowing policy which Our suppliers must declare
Recommended publications
  • What's Next for Ukpound Shops?
    February 3, 2015 February 3, 2015 What’s Next For UK Pound Shops? Major UK pound shop chains have seen revenues surge in the post-recession years. The economic slump and the Woolworths failure paved the way for this segment’s rapid expansion of stores. With further expansion expected, we think the segment is looking increasingly crowded. Some players are now eying international markets in their bid for growth. DEBORAH WEINSWIG Executive Director–Head Global Retail & Technology Fung Business Intelligence Centre [email protected] New york: 646.839.7017 Fung Business Intelligence Centre (FBIC) publication: UK POUND SHOPS 1 Copyright © 2015 The Fung Group, All rights reserved. February 3, 2015 What’s Next For UK Pound Shops? THE POUND SHOP BOOM Variety-store retailers have proliferated rapidly in the UK, mirroring the store-expansion boom of discount grocery chains (notably Aldi and Lidl), as the low-price, no-frills formula has found particular resonance in Britain’s era of sluggish economic growth. This retail segment encompasses chains like Poundland, 99p Stores and Poundworld, which sell all of their products at fixed price points. Similar to the dollar chains Dollar General and Family Dollar in the US, everything in the pound stores sells for £1 (or 99p) and the goods are bought cheaply in bulk. The group also includes chains with more flexible pricing schemes. Those include B&M Bargains, Home Bargains and Poundstretcher. For both types of stores, the offerings are heavy on beauty and personal care, household fast-moving consumer goods (FMCGs) and food and beverages (particularly confectionery). Other categories typically include do-it-yourself (DIY) and automotive accessories, pet products and seasonal goods.
    [Show full text]
  • Consumer Protection List 2019
    Coimisiun um Competition and lomoiocht ogus Consumer Protection Cosoint Tomholtéiri Commission Consumer Protection List 2019 In accordance with section 86 of the Consumer Protection Act 2007, as amended. 1 January 2019 to 31 December 2019 1 Consumer protection enforcement concluded in 2019 1. Convictions/fines, penalties/compensations/compensation Orders Total number of convictions: Two On 21 February 2019, at Galway District Court, following an investigation by the CCPC Kevin McGann was convicted of providing false information to a consumer in relation to the usage or prior history of a motor vehicle, namely the motor vehicle’s previous crash history, which caused the consumer to make a transactional decision that they would not otherwise have made, thereby engaging in a misleading commercial practice which is a prohibited act or practice within the meaning of section 67 of the Consumer Protection Act 2007. The judge convicted him on two separate offences pursuant to section 47 of the Consumer Protection Act 2007. The judge ordered: Kevin McGann serve a four-month sentence suspended for 12 months. Kevin McGann pay a compensation order of €7,405.85 in favour of the consumer which was the full amount sought. Kevin McGann pay a costs order of €9,500 in favour of the CCPC, which was the full amount sought. On 9 July 2019, at Dublin District Court 8, following an investigation by the CCPC, Mark Healy was convicted of providing false information to a consumer in relation the motor vehicle’s previous crash history, and caused the consumer to make a transactional decision that the they would not otherwise have made, thereby engaging in a misleading commercial practice which is a prohibited act or practice within the meaning of section 67 of the Consumer Protection Act 2007.
    [Show full text]
  • The Competition and Consumer Protection Commission
    CompetitionContents and Consumer Protection Commission Annual Report 2019 CCPC ANNUAL REPORT 2019 i Contents 2019 in numbers 2 From the Chairperson 4 Making an impact in priority markets 6 Strategic Goal 1 16 Strategic Goal 2 26 Strategic Goal 3 36 Strategic Goal 4 46 Corporate information 52 Appendix 1: Organisational chart 58 Appendix 2: Consumer protection list 59 Appendix 3: Statement on internal control 67 CCPC ANNUAL REPORT 2019 1 2019 in numbers First 41,589 criminal prosecution for consumers contacted gun- jumping in relation 1,843,537 our helpline to to a merger visits to our website seek information about 282,857 their rights and personal visits to our financial finance products product cost and services comparisons on ccpc.ie 2 traders were convicted of selling crashed cars 4 following a criminal appearances before prosecution Joint Oireachtas Committees 39 positions were filled 32 across the organisation 3,479 Fixed Payment Notices through recruitment, employees in issued to traders for internal promotions and our organisations across breaches of consumer mobility programme 5,419 Ireland benefitted from protection law subscribers to our Money skills for life our consumer financial education newsletter programme 2 First 41,589 criminal prosecution for consumers contacted gun- jumping in relation 1,843,537 our helpline to to a merger visits to our website seek information about 282,857 their rights and personal visits to our financial finance products product cost and services comparisons on ccpc.ie 2 traders were convicted of
    [Show full text]
  • Anticipated Acquisition of 99P Stores Limited by Poundland Group Plc
    Non-confidential ANTICIPATED ACQUISITION OF 99P STORES LIMITED BY POUNDLAND GROUP PLC RESPONSE TO PHASE II STATEMENT OF ISSUES 9 JULY 2015 LON37045457/6 163772-0005 POUNDLAND GROUP PLC Response to the CMA’s Statement of Issues This document is Poundland Group plc’s (Poundland) response to the UK Competition and Markets Authority’s (CMA) statement of issues of 25 June (Statement of Issues) regarding Poundland’s proposed acquisition of 99p Stores Ltd (99p Stores) (the Transaction). Please note that this document contains Poundland confidential information and should not be shared with third parties absent Poundland’s express prior written consent. 1. Executive Summary 1.1 Poundland welcomes the opportunity to provide the CMA with its input on the CMA’s Statement of Issues. 1.2 Poundland believes that the evidence strongly supports the view that this transaction does not pose any risk to competition. On the contrary, Poundland considers that the merger will be pro-competitive – bringing a superior proposition to 99p Stores’ customers, and further enhancing competition along the High Street. 1.3 In particular, the evidence shows that: (a) Poundland competes in a competitive marketplace everywhere it operates. Poundland competes all along the High Street: all of the products that Poundland sells are either available at a supermarket, at a limited assortment discounter (LAD), at another value general merchandiser (VGM), at a specialist retailer or at an independent discounter. Customers are value conscious – they want more for less, can easily switch retailers and do not display any ‘fascia loyalty’ in their quest for value. (b) There is no variation of the offer across the Poundland estate.
    [Show full text]
  • LONDON Cushman & Wakefield Global Cities Retail Guide
    LONDON Cushman & Wakefield Global Cities Retail Guide Cushman & Wakefield | London | 2019 0 For decades London has led the way in terms of innovation, fashion and retail trends. It is the focal location for new retailers seeking representation in the United Kingdom. London plays a key role on the regional, national and international stage. It is a top target destination for international retailers, and has attracted a greater number of international brands than any other city globally. Demand among international retailers remains strong with high profile deals by the likes of Microsoft, Samsung, Peloton, Gentle Monster and Free People. For those adopting a flagship store only strategy, London gives access to the UK market and is also seen as the springboard for store expansion to the rest of Europe. One of the trends to have emerged is the number of retailers upsizing flagship stores in London; these have included Adidas, Asics, Alexander McQueen, Hermès and Next. Another developing trend is the growing number of food markets. Openings planned include Eataly in City of London, Kerb in Seven Dials and Market Halls on Oxford Street. London is the home to 8.85 million people and hosting over 26 million visitors annually, contributing more than £11.2 billion to the local economy. In central London there is limited retail supply LONDON and retailers are showing strong trading performances. OVERVIEW Cushman & Wakefield | London | 2019 1 LONDON KEY RETAIL STREETS & AREAS CENTRAL LONDON MAYFAIR Central London is undoubtedly one of the forefront Mount Street is located in Mayfair about a ten minute walk destinations for international brands, particularly those from Bond Street, and has become a luxury destination for with larger format store requirements.
    [Show full text]
  • Henry Street Report
    RESEARCH THE HENRY STREET REPORT TRENDS ANALYSIS OUTLOOK THE HENRY STREET REPORT RESEARCH SUMMARY HENRY STREET projected to rise by 2.5% in 2017 conscious Irish consumer, a behavioural With 1 GPO Buildings now let agreed, the spread over ground and upper ground 1. Growth in real incomes is Introduction according to the Economic and Social legacy of the recent recession. Whether only building available on a new lease is levels, a reduction of a third compared supporting an expansion in Situated in the north city centre, the retail Research Institute (ESRI). In the context this changes as real incomes grow 45 Henry Street, which is being marketed to its previous combined footprint. The consumer spending remains to be seen. The fall in the value thoroughfare known as Henry Street is of a 0.6% forecast for general inflation, at a rent of €3,660 psm. Regarding the new larger unit is the flagship store for its comprised of a single pedestrianised the growth in earnings will boost real of Sterling against the Euro since the shadow letting market, 52 Henry is let Topshop brand in Ireland, with the Zone 2. Prime Zone A Henry Street street bounded by O’Connell Street to incomes and thus consumer spending Brexit referendum is providing a further agreed while a new tenant is being sought A rent standing at €4,155 psm. The rents are now in the order of the east and Jervis Street to the west. power. Also, net migration returned to incentive for cross-border shopping. for 17 Henry Street.
    [Show full text]
  • Jan Bormeth Vilhelmsen Og Ma
    0 ucvbnmqwertyuiopåasdfghjklæøzxcv Executive Summary The master thesis at hand is a study of the Danish retail store chain Tiger and EQT’s decision to acquire a 70% stake in the company. The aim in this thesis is twofold. Firstly, a valuation of Zebra per June 30, 2015, will be conducted. Secondly, an analysis of the value creation during EQT’s ownership period is performed. The main objective in this thesis is to estimate the fair Enterprise Value per June 30, 2015, through a DCF-analysis. Based on Zebra’s strategic position and its historical financial performance, the expected future earnings and cash flow generations were forecasted and resulted in an Enterprise Value of DKK 8,864 million from which the Group accounted for DKK 8,350 million and the Japanese Joint Venture for DKK 515 million. Based on these figures, Zebra’s fair value of equity comprises DKK 7,789 million. Of this figure, EQT’s share of the equity amounts to DKK 5,219 million and DKK 2,874 million when correcting for the 50/50 owned subsidiaries. At EQT’s entry in the beginning of 2013, the purchase price for its stake was DKK 1,600 million, according to different sources, resulting in an IRR for EQT on 26.48% per year. This IRR is satisfying since it is above the expected return for Private Equity investments which historically has a threshold for an IRR on over 20% per year, and in more recent time a threshold between 12-17% per year. The objective in the second part of this thesis is to analyze how EQT has created or destroyed value during its ownership period based on an IRR for Zebra, excluding the Japanese Joint Venture.
    [Show full text]
  • Premium and Convenience Opportunities
    Premium and Convenience Opportunities UK FOOD MARKET Please insert a suitable picture in this size OFFICIAL PROGRAM PARTNER UK FOOD MARKET CONVENIENCE & PREMIUM OPPORTUNITIES Date: 24.08.15 Language: ENGLISH Number of pages: 19 Author: JANE MILTON Other sectorial Reports: Are you interested in other Reports for other sectors and countries? Please find more Reports here: s-ge.com/reports DISCLAIMER The information in this report were gathered and researched from sources believed to be reliable and are written in good faith. Switzerland Global Enterprise and its network partners cannot be held liable for data, which might not be complete, accurate or up-to-date; nor for data which are from internet pages/sources on which Switzerland Global Enterprise or its network partners do not have any influence. The information in this report do not have a legal or juridical character, unless specifically noted. Contents 5.2.5. Harvey Nichols _______________________ 14 1. FOREWORD____________________________ 4 5.2.6. Selfridges ____________________________15 2. INTRODUCTION ________________________ 5 5.2.7. Fortnum and Mason ____________________15 5.2.8. Wholefoods Market _____________________15 3. FOOD & DRINK MARKET KEY TRENDS _____ 6 5.3. Distribution Channels ___________________15 3.1. Clean eating __________________________ 6 5.4. Opportunities for Swiss Businesses in the Premium 3.2. Rise in online food shopping _______________ 6 Sector ______________________________15 3.3. Sugar backlash ________________________ 7 6. KEY TRADE SHOWS AND EVENTS FOR THE 4. CONVENIENCE MARKET _________________ 8 SECTOR ______________________________ 16 4.1. MARKET DEVELOPMENT _______________ 8 6.1. Speciality and Fine Food Fair, London _______ 16 4.2. MAIN PLAYERS ______________________ 10 6.2.
    [Show full text]
  • Interplay of Socioeconomic Status and Supermarket Distance Is Associated with Excess Obesity Risk: a UK Cross‐Sectional Study
    Int. J. Environ. Res. Public Health 2017, 14, S1 of S2 Supplementary Materials: Interplay of Socioeconomic Status and Supermarket Distance Is Associated with Excess Obesity Risk: A UK Cross‐Sectional Study Thomas Burgoine, Joreintje D. Mackenbach, Jeroen Lakerveld, Nita G. Forouhi, Simon J. Griffin, Søren Brage, Nicholas J. Wareham and Pablo Monsivais Table S1. Details of the food outlet classification system used, according to primary retail function, with UK examples of chains and types (where applicable). This seven point food outlet classification system was derived from a more detailed 21‐point schema published by Lake et al (2010) [1]. Type of Outlet Common Defining Characteristics; Chain and Type Examples Food orders are taken by wait staff Food served to be consumed on the premises Food delivered to the table Restaurant Food paid for after eating Type: by cuisine, pizza, burger, fine dining; by origin, British, Chinese, Italian, Indian, American Chains: Pizza Express, Gourmet Burger Kitchen, Pizza Hut, Nando’s Sells limited range of groceries, newspapers/magazines, snacks, drinks, lottery, tobacco and alcohol products Convenience Often have extended opening hours store Usually small in size Type: convenience stores, newsagents, frozen, discount Chains: Londis, SPAR, Nisa, Premier Stores, Heron Foods, Poundland Departmentalised, self‐service mutiple chain store selling a wide range of groceries and household goods Supermarket Type: large, small Chains: Tesco, Sainsbury’s, ASDA, Morrisons, the Co‐operative, Waitrose, Aldi,
    [Show full text]
  • Deloitte Studie
    Global Powers of Retailing 2018 Transformative change, reinvigorated commerce Contents Top 250 quick statistics 4 Retail trends: Transformative change, reinvigorated commerce 5 Retailing through the lens of young consumers 8 A retrospective: Then and now 10 Global economic outlook 12 Top 10 highlights 16 Global Powers of Retailing Top 250 18 Geographic analysis 26 Product sector analysis 30 New entrants 33 Fastest 50 34 Study methodology and data sources 39 Endnotes 43 Contacts 47 Global Powers of Retailing identifies the 250 largest retailers around the world based on publicly available data for FY2016 (fiscal years ended through June 2017), and analyzes their performance across geographies and product sectors. It also provides a global economic outlook and looks at the 50 fastest-growing retailers and new entrants to the Top 250. This year’s report will focus on the theme of “Transformative change, reinvigorated commerce”, which looks at the latest retail trends and the future of retailing through the lens of young consumers. To mark this 21st edition, there will be a retrospective which looks at how the Top 250 has changed over the last 15 years. 3 Top 250 quick statistics, FY2016 5 year retail Composite revenue growth US$4.4 net profit margin (Compound annual growth rate CAGR trillion 3.2% from FY2011-2016) Aggregate retail revenue 4.8% of Top 250 Minimum retail Top 250 US$17.6 revenue required to be retailers with foreign billion among Top 250 operations Average size US$3.6 66.8% of Top 250 (retail revenue) billion Composite year-over-year retail 3.3% 22.5% 10 revenue growth Composite Share of Top 250 Average number return on assets aggregate retail revenue of countries with 4.1% from foreign retail operations operations per company Source: Deloitte Touche Tohmatsu Limited.
    [Show full text]
  • Poundland Group Plc Annual Report & Financial Statements for Period Ended 27 March 2016
    Poundland Group plc Annual Report & Financial Statements for period ended 27 March 2016 ...Every week ...Every month ...Every year STOCK CODE: PLND OPERATIONAL HIGHLIGHTS GROUP SALES AREA 60 grew by NET NEW STORES 190 converted 99p Stores to Poundland 66% growing the estate in to UK & Ireland to 5.3 million sq ft 896 stores (2015: 588) RETAIL PARK 7 STORES MILLION NOW TOTAL 139 customers served each IN THE UK AND IRELAND week, including over (2015: 87) 300,000 in Ireland th 10 Dealz store opened in Spain CONTENTS Introduction Our History 1 Market Overview 2 Business Model 4 Strategic Report Our Group Strategy 10 Chairman’s Statement 12 Chief Executive Officer’s Review 14 Chief Financial Officer’s Review 18 Risks and Uncertainties 26 Viability Statement 28 Corporate and Social Responsibility Report 30 Governance Directors’ Report 34 Our Directors 36 Our Executive Team 38 Corporate Governance 39 Governance and Nominations Committee Report 42 Audit and Risk Committee Report 43 Directors’ Remuneration Report 46 Financials Statement of Directors’ Responsibilities in Respect of the Annual Report and the Financial Statements 64 Independent Auditor’s Report to the Members of Poundland Group plc 66 Consolidated Income Statement 69 Consolidated Statement of Other Comprehensive Income 70 Consolidated Statement of Financial Position 71 Consolidated Statement of Changes in Equity 72 Consolidated Cash Flow Statement 73 Notes to the Consolidated Financial Statements 74 Company Balance Sheet 110 Notes to the Company Financial Statements 112 OUR GOAL At Poundland we deliver amazing value to our customers every day. We will be famous for our wide range of great products and top brands, offering many exciting new lines every week.
    [Show full text]
  • Cork, Ireland
    SHOPPING CENTRE & RETAIL PARK CORK, IRELAND PRIME RETAIL INVESTMENT OPPORTUNITY BLACKPOOL SHOPPING CENTRE & RETAIL PARK CORK, IRELAND Introduction JLL and HWBC are delighted to present a unique opportunity to the market to acquire a large-scale retail scheme that is the dominant shopping and office centre in north Cork City. The combined Blackpool Shopping Centre and Retail Park offers an investor a stake in Ireland’s second largest city of Cork. Blackpool is a long established and dominant suburban retail offer effectively fully occupied (98% weighted by value). The package contains two complementary assets providing an investor with the opportunity to purchase 27,846 sq m (299,739 sq ft) of retail space with the benefit of an additional 10,081 sq m (108,513 sq ft) of self-contained offices in a well-designed and integrated mixed use commercial development. Blackpool is the only shopping centre north of the city offering a high concentration of international and nationally recognised retailers including; Dunnes Stores, New Look, Heatons, Next, Aldi, Woodie’s DIY, amongst others. There are also a number of community services provided in the scheme including; council library, post office and state health board. Investment Highlights • Excellent location and dominant retail offer position in its catchment • Destination retail hub with a purpose-built shopping centre and separate open use retail park with overhead modern offices • Long established since year 2000 for the shopping centre and 2004 for the retail park • Occupancy rate of 98%
    [Show full text]