DOCSLIB.ORG

Corporate Summary

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Corporate Summary UK SHOPPING CENTRE PORTFOLIO 7 August 2008 Brent Cross, London NW4 Brent Cross is situated in affluent North West London. The centre is served by three main arterial routes - the M1, A406 Size: 83,900m² and A41- three train stations, and a major bus station. The Refurbishment: 1995 centre has always been fashion-focused and is regularly the Ownership: Hammerson 41%/Standard Life 59% site of choice for international retailers opening their first UK No of tenants: 116 stores such as Abercrombie & Fitch’s brand, Hollister, which Anchor stores: John Lewis, Fenwick, opens its first UK store in late Summer 2008. Hammerson Marks & Spencer and Standard Life have completed a 1,000m2 rooftop Tenure: Leasehold extension to the centre, creating a 2,130m² flagship store for Average rent: £1,115/m² Arcadia which opened in Spring 2008. Bullring, Birmingham Developed in a joint venture between Hammerson, Henderson Global Investors and Land Securities and Size: 125,200m² completed in 2003, Bullring has transformed Birmingham’s Opened: 2003 city centre. With around 40 million visits a year, Bullring Ownership: Hammerson 33%/Henderson Global continues to attract high quality aspirational UK and Investors 33%/Land Securities 33% international brands, demonstrated by the recent lettings to No of tenants: 159 The Disney Store and Henleys. The catering offer continues Anchor stores: Selfridges, Debenhams to flourish with 14 restaurants including Pizza Express and Tenure: Leasehold Wagamama. Average rent: £455/m² Queensgate, Peterborough Hammerson acquired a 50% interest in the freehold of Queensgate shopping centre in November 2005. The centre Size: 81,400m² is a fully enclosed two level shopping centre with Opened: 1982 125 tenants and 2,300 car parking spaces. River Island Ownership: Hammerson 50%/Norwich Union 50% recently upsized into a new unit of 1,055m² and Jane No of tenants: 123 Norman, new to the scheme, River Island’s existing 300m² Anchor stores: John Lewis, Waitrose, store. A major refurbishment of the centre is planned as part Marks & Spencer of the North Westgate project, a 60,000m² mixed-used Tenure: Freehold scheme by Hammerson and Norwich Union on land adjoining Average rent: £370/m² the centre. The Oracle, Reading Since opening in 1999, The Oracle has become the foremost shopping and leisure destination in the Thames Valley region. Size: 71,100m² Developed in joint venture between Hammerson and Abu Opened: 1999 Dhabi Investment Authority, The Oracle continues to attract Ownership: Hammerson 50%/ADIA 50% UK and international retailers including recent lettings to Body No of tenants: 110 Shop and L’Occitane. The Riverside, the scheme’s waterside Anchor stores: House of Fraser, Debenhams restaurant and leisure venue, is home to 18 cafes and Tenure: Leasehold restaurants, including a newly rebranded Ha!Ha! Bar & Grill, Average rent: £485/m² and a 10-screen Vue cinema. The Shires, Leicester Built in 1991, The Shires has provided the city’s prime offer for major fashion multiples with retailers such as Next, River Size: 46,400m² Island, Oasis, and Monsoon. Construction is nearing Opened: 1991 completion on Highcross, a 61,000m² extension to the Ownership: Hammerson 60%/Hermes 40% scheme. Highcross will be anchored by John Lewis and will No of tenants: 75 provide new stores for New Look, Top Shop, Zara, H&M, Anchor stores: House of Fraser, Debenhams Apple, Reiss and Hobbs as well as relocations to larger units Tenure: Freehold for Next, River Island and Republic. Average rent: £480/m² WestQuay, Southampton Developed by Hammerson and opened in 2000, WestQuay has established Southampton as the region’s premier Size: 76,200m² shopping destination. Many of WestQuay’s retailers are Opened: 2000 unique to the region, including flagship fashion and lifestyle Ownership: Hammerson 50%/GIC 50% stores. Recent openings have included River Island and No of tenants: 95 Nando’s restaurant. A significant addition to the retail profile Anchor stores: John Lewis, Marks & Spencer is All Saints, due to open Summer 2008. Hammerson has Tenure: Leasehold been appointed manager for the development of the next Average rent: £625/m² phase, Watermark WestQuay III, on a 2.2-hectare site adjacent to the shopping centre. Contact: Andrea Cockram, Corporate Communications Manager Hammerson plc 10 Grosvenor Street, London W1K 4BJ Tel: 020 7887 1881 [email protected] 111907v1 .
Load more

Recommended publications
  • Debenhams: the Rise and Fall of a British Retail Institution Rupert Neate
    Debenhams: the rise and fall of a British retail institution Rupert Neate The Gaurdian.com 1 December 2020 Founded in 1778, Debenhams was one of the largest and most historic department store chains in the world. The business was formed by William Clark as a single high end drapers store at 44 Wigmore Street in London’s West End. It rose to become one of the biggest retailers in the UK with, at one point, more than 200 large stores across 18 countries and exclusive partnerships with some of the world’s best-known designers including Jasper Conran and Julien Macdonald. But on Tuesday, the shutters finally came down as administrators announced the chain would be wound down and all of its remaining 124 stores shut, putting potentially all of its 12,000 employees out of work. The demise of Debenhams comes just a day after Sir Philip Green’s Arcadia Group retail empire collapsed into administration, putting a further 13,000 jobs at risk. In the 1980s and 1990s both retailers had been part of the vast Burton Group, founded by Sir Montague Maurice Burton. Clark’s business remained just the single shop on Wigmore Street until 1813 when he teamed up with Suffolk businessman William Debenham, and expanded into two stores on opposite sides of the street. One was known as Debenham & Clark and the other known as Clark & Debenham. The first store outside London – and an exact replica of the original Wigmore Street shop – was opened in Cheltenham in 1818. “In the ensuing years the firm prospered from the Victorian fashion for family mourning by which widows and other female relatives adhered to a strict code of clothing and etiquette,” the company says on its website.
    [Show full text]
  • Sainsbury's Winchester.Pub
    For Sale/To Let Sainsbury’s, 9 Silver Hill, Winchester, SO23 8AQ Freehold Investment with a 55 year lease to Sainsbury’s Supermarkets LTD avisonyoung.co.uk/109797 Sainsbury’s, 9 Silver Hill, Winchester, SO23 8AQ Investment Summary Freehold property with 55 years unexpired Strong (very low risk) covenant of Sainsbury’s Supermarkets LTD Annual Rent of £13.50 per sq ft £269,000 per annum Pre-1995 lease benefits from Privity of Contract Gross Internal Area 19,923 sq ft Offers in excess of £5,800,000 (Five Million Eight Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level will reflect an attractive Net Initial Yield of 4.35% and a capital value of £291 per sq ft. 2 Sainsbury’s, 9 Silver Hill, Winchester, SO23 8AQ Location Winchester is an affluent and historic cathedral city and commercial, administrative and tourist centre situated approximately 12 miles north of Southampton and 15 miles south west of Basingstoke. Winchester, with a catchment population of approximately 95,000, is well served by communications with Junctions 9-11 of the M3 situated 1 mile to the west. This provides access to London and Basingstoke while to the south is the M27 Motorway which links Portsmouth and Southampton. Situation The property is situated at the junction of Silver Hill and Middle Brook Street, just to the north of High Street and south of the Brooks Shopping Centre which is the principal shopping area in Winchester. Nearby occupiers include Marks and Spencer, Primark, Poundland, Debenhams and Superdrug. Winchester train station is located a short distance to the east of the subject property.
    [Show full text]
  • A Leading Multi-Channel, International Retailer 2011 Highlights
    Debenhams Annual Report and Accounts 2011 A leading multi-channel, international retailer 2011 highlights Financial highlights* Gross transaction value £2.7bn +4.5% Revenue £2.2bn +4.2% Headline profit before tax £166.1m +10.0% Basic earnings per share 9.1p +21 . 3% Dividend per share 3.0p *All numbers calculated on 53 week basis Operational highlights • Market share growth in most key categories: women’s casualwear, menswear, childrenswear and premium health & beauty • Strong multi-channel growth; online GTV up 73.8% to £180.4 million1 • Excellent performance from Magasin du Nord: EBITDA up 141.1% to £13.5m2 • Sales in international franchise stores up 16.5% to £77.0m1 • Three new UK stores opened, creating 350 new jobs • Eleven store modernisations undertaken • New ranges including Edition, Diamond by Julien Macdonald and J Jeans for Men by Jasper Conran • “Life Made Fabulous” marketing campaign introduced 1 53 weeks to 3 September 2011 2 53 weeks to 3 September 2011 vs 42 weeks to 28 August 2010 Welcome Overview Overview p2 2 Chairman’s statement 4 Market overview 6 2011 performance Chief Executive’s review New Chief Executive p8 Michael Sharp reviews the past year and sets the Strategic review strategy going forward Strategic review p8 8 Chief Executive’s review 11 Setting a clear strategy for growth 12 Focusing on UK retail 16 Delivering a compelling customer proposition 20 Multi-channel Focusing on UK retail 24 International Improving and widening Finance review p12 the brand in the UK Finance review p28 28 Finance Director’s review
    [Show full text]
  • Maisons Du Monde Comes to the Uk High Street for the First Time – Opening at Debenhams on 7Th April
    MAISONS DU MONDE COMES TO THE UK HIGH STREET FOR THE FIRST TIME – OPENING AT DEBENHAMS ON 7TH APRIL • Leading furniture and décor brand Maisons du Monde is set to unveil three stylish concession stores at flagship Debenhams stores in London Westfield, Manchester and Birmingham • The news promises to please interiors fans across the country, who will be able to visit physical Maisons du Monde points of sales in the UK for the very first time • Hundreds of products from Maisons du Monde’s stylish new 2018 collections will be available to delight Debenhams customers and UK fans of the furniture and décor brand Hugely popular interiors and décor brand Maisons du Monde is set to unveil three innovative new concession stores as part of a new partnership with British department store Debenhams. The brand is launching three flagship ‘shop-in-shops’ which open on April 7th, offering customers an innovative shopping experience and the chance to discover Maisons du Monde 2018 ranges in physical stores for the very first time. The dedicated spaces will measure 400 square metres each and will immerse customers in themed interior universes, showcasing décor alongside furniture items in vibrant and inspirational room sets. Since its online launch, Brits have fallen in love with the chic French brand which offers thousands of distinctive products at accessible prices. And now, the three new shops-in-shops will showcase the five different themes from the new 2018 collection: the popular Suzon range, as well as the earthy, authentic Green Market trend, the vibrant Sweet Tropical look, Golden Oasis and Cabane themes.
    [Show full text]
  • Debenhams 2–8 Westgate Street and 1-5 & 7 Cornhill
    DEBENHAMS 2–8 WESTGATE STREET AND 1-5 & 7 CORNHILL IPSWICH IP1 3EH Prime Town Centre Investment / Development Opportunity For Sale on behalf of the Joint Fixed Charge Receivers, NJ Pask & RJ Goode DEBENHAMS 2–8 WESTGATE STREET AND 1-5 & 7 CORNHILL IPSWICH IP1 3EH INVESTMENT SUMMARY • Department store investment / redevelopment • Landmark store totalling 182,008 sq ft arranged opportunity, prominently located within Ipswich over basement, ground, and two upper floors. Town Centre. • Freehold. • Ipswich is the historic, cultural and economic • Let to Debenhams Retail plc on a turnover centre of the County of Suffolk and a major hub lease, with flexible landlord breaks from 31 for the East of England. January 2022. • Frequent train services to London Liverpool • Significant redevelopment potential to a variety Street with a journey time of only 1 hour 15 of alternative uses. minutes. • Opportunity to adapt to a suggested trend in • 100% prime location in the heart of Ipswich demand for out-of-London living and in-town fronting the dominant retail pitch. amenities. THE PROPOSAL Offers sought in excess of £5,500,000 (Five Million, Five Hundred Thousand Pounds) subject to contract and exclusive of VAT. A purchase at this level reflects a low capital value of only £30 per sq ft. DEBENHAMS 2–8 WESTGATE STREET AND 1-5 & 7 CORNHILL IPSWICH IP1 3EH The property is situated in the heart of Ipswich in the prime pedestrianised pitch with excellent frontage on to Cornhill, the main market square and focal point of activity for the town. DEBENHAMS 2–8 WESTGATE STREET AND 1-5 & 7 CORNHILL IPSWICH IP1 3EH LOCATION Ipswich is the historic market town of Suffolk in East Anglia, located on the River Orwell approximately 65 miles to the north east of London.
    [Show full text]
  • Annual Report & Accounts 2019
    ANNUAL REPORT & ACCOUNTS 2019 SPORTS DIRECT INTERNATIONAL PLC AT A GLANCE Founded as a single store in 1982, Sports Direct International plc (Sports Direct, the Group, the Business or the Company) is today the UK’s largest sporting goods retailer by revenue. The Group operates a diversified portfolio of sports, fitness, fashion and lifestyle fascias in over 20 countries. We have approx. 29,400 staff across six business segments: UK Sports Retail, Premium Lifestyle, House of Fraser Retail, European Sports Retail, Rest of World Retail and Wholesale & Licensing. Our business strategy is to invest in our people, our business, and our key third party brand partners, in order to elevate our retail proposition across all our channels to attain new levels of excellence. The Group aspires to be an international leader in sports, lifestyle, and luxury apparel retail, by offering our customers a dynamic range of iconic brands. We value our people, our customers, our shareholders and our third-party brand partners - and we strive to adopt good practices in all our corporate dealings. We are committed to treating all people with dignity and respect. We endeavour to offer customers an innovative and unrivalled retail experience. We aim to deliver shareholder value over the medium to long-term, whilst adopting accounting principles that are conservative, consistent and simple. MISSION STATEMENT ‘TO BECOME EUROPE’S LEADING ELEVATED SPORTING GOODS RETAILER.’ CONTENTS 1 HIGHLIGHTS AND OVERVIEW 002 2 STRATEGIC REPORT Chair’s Statement ���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
    [Show full text]
  • Acquisition of British Heritage Brands Dorothy Perkins, Wallis and Burton out of Administration
    FOR IMMEDIATE RELEASE 8 February 2021 The information contained within this announcement is deemed by the company to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) and the retained UK law version of MAR pursuant to the Market Abuse (Amendment) (EU Exit) Regulations 2019 (SI 2019/310) (“UK MAR”). Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. For the purposes of MAR, UK MAR, Article 2 of Commission Implementing Regulation (EU) 2016/1055 and the UK version of Commission Implementing Regulation (EU) 2016/1055, the person responsible for releasing this announcement is Neil Catto, Chief Financial Officer of boohoo group plc. boohoo group plc ("boohoo" or "the Group") Acquisition of British heritage brands Dorothy Perkins, Wallis and Burton out of administration boohoo, a leading online fashion retailer, is pleased to announce that it has agreed to acquire all of the e-commerce and digital assets and associated intellectual property rights, including customer data, related business information and inventory of the Burton, Dorothy Perkins and Wallis brands (“the Brands”) from the joint administrators of Arcadia Group Limited (in administration) and its relevant subsidiaries (“the Transaction”). boohoo will pay £25.2 million in cash, funded from existing cash resources, on completion. Strategic Rationale • Significant opportunity to grow boohoo’s market share across a broader demographic
    [Show full text]
  • Britain's Ruthless High Street Leaves No Room for Stragglers Like BHS We
    29/05/2019 Britain's ruthless High Street leaves no room for stragglers like BHS We give a voice to experts. Donate now to help us spread facts, not fiction. Donate now Academic rigour, journalistic flair Britain’s ruthless High Street leaves no room for stragglers like BHS April 25, 2016 3.44pm BST Hitting the buffers. EPA/ANDY RAIN Britain’s ruthless High Street leaves no room for stragglers like BHS April 25, 2016 3.44pm BST Department store BHS has gone into administration after failing to find a buyer. It is Author a worrying time for more than 10,000 employees and could be viewed as another piece of evidence that the UK high street is in terminal decline. Retailers have been battered by the onslaught of changing consumer patterns, online retailing and out-of- town shopping. There are grains of truth in this, but at its core, this is a tale of a Leigh Sparks business being out-competed by smarter, nimbler rivals over a number of years. Professor of Retail Studies, Institute for Retail Studies, University of Stirling BHS, formerly British Home Stores, became a town centre stalwart after opening its first shop in Brixton back in 1928. More recently, the brand has been struggling. Sir Philip Green bought it in 2000 for £200m but sold it last year for £1 and wrote off some of its debt. That alone hints at longstanding and ongoing trading difficulties, exacerbated by a debt burden, including in its pension fund. A rent reduction agreed by landlords earlier this year has obviously not done the trick, again pointing to a problem with fundamentals.
    [Show full text]
  • Debenhams Plc, the Leading Department Stores Group, Today Releases a Pre-Close Interim Trading Update for the 26 Weeks Ended
    Debenhams plc Pre-Close Trading Update - March 2007 Debenhams plc, the leading department stores group, today releases a pre- close interim trading update for the first half of the financial year. Total sales for the 26 weeks ended 3rd March 2007 increased by 5.8% compared to the 26 weeks ended 4th March 2006. Like-for-like sales for the UK retail business have declined by 4.5% compared to the equivalent period last year. Gross margins for the 26 weeks to 3rd March 2007 were 42.5% having fallen 0.4% versus the corresponding period last year. The reduction in gross margin was largely attributable to the impact of the Roches store integration and the shortfall in clothing sales following the unseasonally warm pre-Christmas trading period. We still expect to see further progress on gross margin for the full year. Stocks and costs continue to be tightly controlled and we expect profit before taxation and exceptional items to be in line with the Board’s expectations at the time of the January trading statement. The integration of the nine stores acquired in the Republic of Ireland from Roches stores in September 2006 is progressing well. The conversion of seven of the stores to the Debenhams trading format is largely complete and we expect the remaining two stores to be completed during the second half of the financial year. Initial trading at these stores is in line with our expectations. In line with our strategy of expanding our department store portfolio, good progress has been made with our store opening programme.
    [Show full text]
  • Textile Events the LEADING TEXTILE EXHIBITIONS PLATFORM WITHIN the UK About Textile Events
    Textile Events THE LEADING TEXTILE EXHIBITIONS PLATFORM WITHIN THE UK About Textile Events 1979: John Kelley becomes a textile agent for the UK, setting up his own company in 1990. Since then he has developed business for mills based in Italy and Turkey 2007: Launch of the first The London Textile Fair which had 25 exhibitors set out in 2 rooms in a small club in Marylebone (Central London) 2013: With more than 200 exhibitors TLTF moves to the Business Design Centre catering for European exhibitors 2015: Launch of Texfusion with 50 exhibitors, to accommodate increasing request from manufacturers based outside Europe 2016: Texfusion moves to the Business Design Centre with over 100 exhibitors 2017: Texfusion: Launch of new sections, beside fashion fabrics and accessories: technical Fabrics and garments 2018: TLTF reaches full capacity with around 500 exhibitors 2018: Texfusion: Launch of new section dedicated to denim in March 2018 The London Textile Fair VIDEO TLTF TLTF is the leading textile fair in the UK 500 exhibitors in 4 Halls 5500 visitors per edition 2 editions per year – January / July The first exhibition of the season: showcasing Pre-collections and current season highlights European Manufacturers (98%): from Italy, Turkey, Portugal, France, Spain, Greece, The Netherland… Products: Fashion fabrics, accessories, print studios, vintage garments TLTF has reached full capacity last year with a waiting list of 30 companies for the next edition The London Print Design Fair VIDEO TLPDF London – International creative hub Large community of Print Studios based in London Creativity VS Innovation Section dedicated to Vintage Garments TLPDF is held 4 times per year – together with TLTF and Texfusion 50 Studios attend regularly 70% of the studios comes from the UK TEXFUSION VIDEO TEXFUSION Textile Events launched Texfusion in 2014 to accommodate the increasing demand from manufacturers based outside Europe.
    [Show full text]
  • Maisons Du Monde Opens a New Shop-In-Shop in Leicester at Debenhams on August 24, 2018
    MAISONS DU MONDE OPENS A NEW SHOP-IN-SHOP IN LEICESTER AT DEBENHAMS ON AUGUST 24, 2018 • Leading furniture and décor brand Maisons du Monde unveils a new concession at Debenhams in Leicester, St Peters Lane, in a totally revamped store • Maisons du Monde new 2018 Winter-Autumn Decoration collections will be available to delight customers in search of stylish and affordable Home interior ranges Continuing its expansion in the UK, Maisons du Monde unveils a new concession store at Debenhams in Leicester, as part of its partnership with the British department store. Earlier this year, in April 2018, Maisons du Monde had launched three flagship “shop-in-shops” with Debenhams in London Westfield Shepperd’s Bush, Birmingham and Manchester, offering British customers the chance to discover the brand in physical stores for the very first time. The new concession in Leicester takes place in a revamped Debenhams store, as part of its Redesigned strategy. The Maisons du Monde dedicated space, measuring 348 square metres on the 1st floor, has been designed to immerse customers in themed interior universes, showcasing décor alongside furniture items in vibrant and inspirational room sets. Since its online launch, Brits have fallen in love with the chic French brand which offers thousands of distinctive products at accessible prices. The Leicester concession will showcase the five new 2018 Autumn- Winter Decoration trends: Cosy Blue, Miss Bloom, Emma & John, Safari Party and Deep Velvet. Meanwhile, the Maisons du Monde team will be on hand to give each shopper an individually tailored shopping experience, by providing interiors advice based on the customer’s personal style and taste.
    [Show full text]
  • The Future of Retail Professor Omera Khan April 2021
    The Future of Retail Professor Omera Khan April 2021 The Future of Retail / Skill Dynamics Challenged, but not broken Is traditional retail broken? Many people think so, pointing to shuttered The Future of Retail shops, town centres bereft of shoppers, and deserted malls. The By Prof. Dr. Omera Khan, Covid-19 pandemic, they argue, merely accelerated a trend that was Executive Strategic Advisor at Skill Dynamics already underway, stretching back 20 years: the rise of e-commerce, exemplified by e-tailers such as Amazon, Zalando, AO World, Boohoo, This whitepaper is sponsored by: Zappos, and Asos. Skill Dynamics (HQ) 11 St. James Square Traditional retail is certainly challenged. There’s no mistaking that. London But there’s a world of difference between ‘challenged’ and ‘broken’. SW1Y 4LB E-commerce’s rise isn’t unstoppable, and nor is e-commerce without United Kingdom [email protected] risk. While traditional retailing isn’t necessarily a comfortable place [email protected] to be right now, neither is e-commerce retail, either: ask any online www.skilldynamics.com retailer competing with Amazon. The paper you’re reading discusses the various issues and challenges Credits faced by retailers in both the physical and online worlds, talking to Editor: Prof. Dr. Omera Khan leading experts for insights and industry perspectives. Better still, it Copywriter: Dr. Malcolm Wheatley highlights specific and actionable strategies enabling each to compete Copyright © Skill Dynamics more effectively. Finally, it points to the skills likely to be necessary in ISBN 978-1-8382452-2-1 order to compete in this brave new retail world.
    [Show full text]