Practical Completion has been achieved at Stadium Retail Park, a commercial development in Long Eaton, Derbyshire, that will be home to new locations for Lidl GB and Wickes. The site has been brought forward by Clowes Developments. IMA Architects (IMA) has worked with Clowes Developments to provide all architectural services
Marks & Spencer has announced a £30 million investment in its Scottish physical stores, with plans to introduce five new and expanded locations within the next 18 months. As part of this initiative, a £15 million injection is earmarked for Aberdeen Union Square, where the store’s footprint will nearly double.
Henry Boot Construction has completed work on Cambridge Street Collective this week, handing the building over to the food hall operator for the final fit-out. Cambridge Street Collective is a key development within Heart of the City – the transformative city centre regeneration scheme led by Sheffield City Council and
Knight Property Group appoints Clark Contracts as main contractor on the 25,000 sq ft development Works have started on a brand new £10 million Aberdeen store for national improvements giant Wickes. Knight Property Group has commenced on site with the construction of the store, to be based at Phase 3
Screwfix is targeting 60 new store openings by the end of the financial year in the UK and Ireland, despite its parent company Kingfisher lowering its profit guidance for the 2023/24 financial year. The DIY retailer opened 12 new stores in the first six months of the year in the
Lidl has become the latest retailer to set its sights on vacant Wilko stores, as the grocer looks to open 1,100 shops by the end of 2025. Lidl boss Ryan McDonnell told Retail Week that the retailer’s property team is in very close contact with Wilko’s administrator PwC. He said
American real estate group Realty is in has reached a deal with Ediston Property Investment Company to purchase its entire property estate for £200.8m. Ediston confirmed it had reached an agreement with RI UK 1 Limited, a subsidiary of Realty, over the sale of its 11 site-strong retail park estate.
The owner of Wagamama has said it is targeting between 200 and 220 restaurants in the long-term, up from its current estate of around 160 UK sites. The Restaurant Group said that strong returns from regional restaurants has given it confidence to accelerate its expansion plans, with the aim of
The owners of Asda are reportedly considering a £500m sale of some of the supermarket retailer’s property portfolio in an effort to reduce debts. The billionaire Issa brothers, Mohsin and Zuber, with the backing of TDR Capital, are said to be in negotiations with Australian firm Macquarie Asset Management regarding
Research by the debt advisory specialists, Sirius Property Finance, reveals that 42% of UK consumers rarely, if ever, take a trip to their local high street, as commercial developers are urged to find ways of tempting shoppers to return and, in doing so, help local communities and economies thrive. The
Practical Completion has been achieved at Stadium Retail Park, a commercial development in Long Eaton, Derbyshire, that will be home to new locations for Lidl GB and Wickes. The site has been brought forward by Clowes Developments. IMA Architects (IMA) has worked with Clowes Developments to provide all architectural services and act as Principal Designer on the scheme. The company has also worked alongside Millward Consulting Engineers and Roe Developments to deliver the site for Lidl and Wickes. The retailers will now bring in their own teams to carry out the bespoke fit out of the two stores. The 1.68-hectare Stadium Retail Park site has been built on a brownfield former industrial site that was derelict since 2014, located just off Nottingham Road. All amenities, landscaping and boundary treatments are now in place including car parking for 170 vehicles, including EV charging, parent and child parking and disabled spaces, and a service yard. It is expected that the new Wickes store will open before the Easter Weekend, and that the Lidl supermarket will open this summer. Marc Freeman, Director at Clowes Developments said: “The site had been derelict for 10 years and in the planning stage since 2018, so it’s positive that the site has now been developed and turned into an asset for the local community, creating jobs and bringing economic benefits to the town. We are sure the new Lidl and Wickes stores will be very popular.’’ Joe Travers, Associate Director at IMA Architects said: “This is our latest project with Clowes Developments, and we are pleased that the site has been delivered on time and will soon be a thriving retail location. Given the close proximity of residents, we were considerate to their needs throughout the construction phase and our designs for the site include additional landscaping, boundary treatments and acoustic mitigation measures to improve aesthetics and to ensure the scheme does not adversely impact people going forward.” Sarah Taitt, Property Director at Wickes said: “We are looking forward to opening our doors in Long Eaton in the coming months. We have been involved in the creation of the site from inception to completion which has meant that we could develop a location that perfectly suited our needs, and we are delighted with our new store at Stadium Retail Park.’’ Lidl GB’s Regional Head of Property, Dominic Bryan, commented: ‘’There’s been much anticipation for this new Lidl store and its great that we are now able to enter the next stages of development. We are extremely grateful for all the support we have received so far and look forward to bringing our high quality and best value produce to the local community.” Clowes Developments is one of the UK’s largest and strongest privately-owned property investment and development organisations. Headquartered in Ednaston, Derbyshire, the company are experts in land acquisition and promotion, property development and asset management, with 18,000 consented residential plots and 3,000 acres of development pipeline across the UK. IMA is an award-winning firm of architects based in Blaby, Leicestershire. The firm has completed more than 200 projects nationally and is actively working on 75 large-scale projects across the UK, Ireland and further afield. IMA works across all sectors and with a range of FTSE 100 companies – such as Marks & Spencer – as well as other global brands. The company is a proud Community Partner of Leicester City Football Club and a sponsorship partner of both Leicester Tigers RFC and Leicestershire County Cricket Club. Building, Design & Construction Magazine | The Choice of Industry Professionals
Marks & Spencer has announced a £30 million investment in its Scottish physical stores, with plans to introduce five new and expanded locations within the next 18 months. As part of this initiative, a £15 million injection is earmarked for Aberdeen Union Square, where the store’s footprint will nearly double. Representing one of the most substantial private sector investments in Aberdeen in recent years, the upgraded store will feature a market-style food hall, along with expanded clothing, home, and beauty departments. Set to open in spring 2025, this establishment will rank as the fourth-largest M&S store in Scotland. Rachel Rankine, M&S’s North East regional manager, expressed confidence in Aberdeen’s retail future, stating, “The scale of our investment is a vote of confidence in the future of retail in Aberdeen city centre, with a flagship store on the same scale as city centre stores in Birmingham and Liverpool.” In addition to the Aberdeen development, M&S will unveil a food hall in Linlithgow later this month and launch a full-line store in Dundee’s Gallagher Retail Park this summer. Furthermore, the retailer will make its debut in Largs with a new food hall scheduled to open in early 2025. This £30 million investment supplements the £32 million already invested in eleven Scottish stores over the past four years, which includes the introduction of new food halls in Paisley, Hamilton, and East Kilbride. The investment aligns with M&S’s goal to become the UK’s leading omnichannel retailer. The company aims to transition 247 existing stores into 180 higher quality, higher productivity full-line stores while also establishing over 100 food sites by the 2027/28 financial year. In addition to this current investment, M&S has inaugurated eleven new and revamped stores in Scotland over the past four years, including new food halls in Straiton (Edinburgh), Hamilton, Falkirk Central, Cumbernauld, East Kilbride, and Paisley. This also involves renewals and expansions in Glasgow Silverburn, Edinburgh Gyle, Anniesland, Glasgow West End, and Bishopbriggs. Furthermore, two convenience stores recently opened in Glasgow Battlefield and Glasgow Queen Street. Earlier in the year, fellow retailer Aldi unveiled plans to invest £56 million in its Scottish portfolio, intending to open three new stores in 2024. Building, Design & Construction Magazine | The Choice of Industry Professionals
Henry Boot Construction has completed work on Cambridge Street Collective this week, handing the building over to the food hall operator for the final fit-out. Cambridge Street Collective is a key development within Heart of the City – the transformative city centre regeneration scheme led by Sheffield City Council and their Strategic Development manager, Queensberry. The new venue is located between Cambridge Street and Wellington Street, sitting behind the distinctive Henry’s Corner and Bethel Sunday School. Once the fit-out work is completed, it will be run by Blend Family – the same company behind Sheffield’s acclaimed Cutlery Works – and feature a contemporary food hall, cookery school and rooftop bar. Construction of this unique development saw several historic building façades sensitively refurbished and seamlessly integrated into a contemporary new structure behind. The new build elements are finished with an eye-catching, orange-coloured weathering steel façade. Alongside the neighbouring Elshaw House development – also being delivered by Henry Boot Construction, the Cambridge Street Collective construction site was designated an ‘Ultra Site’ with the Considerate Constructors Scheme. This means it was recognised within the sector as a beacon of best practice, with everything from supply chain management to sustainability performance measured against the absolute highest standards. The site, which is one of only three Ultra Sites in Yorkshire, has also delivered significant social value impact for the local community in Sheffield. During the lifecycle of the scheme, Henry Boot welcomed seven groups of visitors from local education partners, delivered 17 work experience placements and teams across the site hired six apprentices. Tony Shaw, Managing Director at Henry Boot Construction, said: “Cambridge Street Collective has been an incredible project to be involved with and I’m incredibly proud of the team for delivering such an important and complex development. “The final product is really striking, with an array of materials contrasting and complementing the restored original architecture. Inside is just as impressive and I look forward to seeing it become a thriving space for the city centre’s visitors to enjoy soon. “As always with our projects, we are proud of the social value that the scheme has generated, using the Ultra Site status as a driver throughout the build to achieve incredible things – strengthening our position as market leader in this field.” Councillor Ben Miskell, Chair of the Transport, Regeneration and Climate Policy Committee at Sheffield City Council, said: “It’s great to see the Cambridge Street Collective development reach practical completion. Henry Boot Construction has delivered a fantastic job, blending old with new and protecting the important heritage façade along Cambridge Street. “The venue, with the impressive food hall space at its core, will be a hugely exciting addition to the city centre and provide a major footfall boost. We can’t wait to see the internal fit out coming together over the coming months. This is another fantastic example of Sheffield city centre on the up.” Andrew Davison, Project Director at Queensberry, added: “The venue is looking stunning and has delivered a high quality, truly original piece of architecture for Sheffield. Once it opens to the public, we have no doubt it will become the leading social hub in the city centre, driving a critical mass of footfall to this area of town – further supporting surrounding businesses, encouraging new ones to open, and acting as a catalyst for further development.” In addition to Cambridge Street Collective, Henry Boot Construction has also delivered several other Heart of the City developments, including Pound’s Park, Kangaroo Works, Elshaw House and Bethel Chapel. Building, Design & Construction Magazine | The Choice of Industry Professionals
Knight Property Group appoints Clark Contracts as main contractor on the 25,000 sq ft development Works have started on a brand new £10 million Aberdeen store for national improvements giant Wickes. Knight Property Group has commenced on site with the construction of the store, to be based at Phase 3 of Kingshill Park, at Westhill in Aberdeen. Planning consent was granted on the three-acre site by Aberdeenshire Council in March this year. When complete, the new store will bring around 25 new jobs to the local economy and will see Wickes make a welcome return to the Granite City. Knight has agreed a 20-year lease with Wickes and has appointed Clark Contracts as the main contractor to deliver the 25,000 sq ft bespoke store, which will also include 79 parking spaces and an outdoor projects centre for landscape and garden projects to the rear of the store. The construction process will take around six months, with completion scheduled for Q2 2024. The new building has a steel frame design to a high specification and will be constructed of high-performance composite wall and roof cladding. All internal fit-out will be handled directly by Wickes. Sarah Taitt, Property Director of Wickes said: “We were keen to establish a presence in Aberdeen once more. With work now in progress, we are excited to watch the construction process take shape and look forward to opening next year. This will not only offer a wider range of options for consumers but also generate new employment opportunities for the local community.” Howard Crawshaw, Managing Director of Knight Property Group added: “The new Wickes store will be a welcome addition to the local area. The building has been designed to meet the tenant’s specification and sits well with our other surrounding properties and complements the other amenities available at Westhill. It will be an excellent destination for both staff and customers. “We’re delighted to collaborate once more with Clark Contracts, known for their consistent delivery of high-quality work, and we’re eagerly anticipating the development of this new store taking shape in the upcoming year.” Michael Scanlan, Director of Clark Contracts added: “We are excited to be involved in this project to bring a new Wickes store to Aberdeen. We have a strong relationship with Knight Property Group, having worked on a number of similar developments for them and delivering a high-quality end product, and are looking forward to working with them again.” Wickes welcomed its first customers 50 years ago and is one of the UK’s fastest growing home improvement retailers. Its initial site at Whitefield, Manchester opened in 1972. The business is one of the UK’s leading DIY chains and builders’ merchant and now operates more than 230 stores throughout the UK, with existing Scottish sites in Dumfries, Dundee, Edinburgh, Glasgow, Inverness, Perth and Stirling. Wickes will join other big names in the business park including Starbucks, McDonalds, Screwfix and Toolstation. Building, Design & Construction Magazine | The Choice of Industry Professionals
Screwfix is targeting 60 new store openings by the end of the financial year in the UK and Ireland, despite its parent company Kingfisher lowering its profit guidance for the 2023/24 financial year. The DIY retailer opened 12 new stores in the first six months of the year in the UK and Ireland, and is also eyeing further expansion into Europe. Kingfisher had also revealed that B&Q has expanded its trade-focused banner, TradePoint. The retailer opened 18 new counters in the first half of the year, extending its presence within B&Q’s estate to 207, over two-thirds of stores. This comes despite Kingfisher lowering its pre-tax profit guidance for the year from a previous estimation of £634m to £590m. During the first half of 2023, the group’s statutory pre-tax profit fell by 33.1% to £317 million. Despite an increase in like-for-like (LFL) sales in the UK and Ireland of 1.7%, the group saw poorer European performance in France and Poland, where LFL sales fell by 3.8% and 10.9% respectively. The group’s total sales increased by 1.1% to £6.88bn. Thierry Garnier, chief executive officer, said: “Our LFL sales in H1 were slightly ahead of expectations, against a backdrop of unseasonal weather and ongoing macroeconomic challenges in our markets. We saw good growth in our UK banners, with Screwfix gaining significant market share.” “Trading in the UK & Ireland continues to have positive momentum. However, to better reflect our performance in H1 and the trading environment in our markets, we have updated our profit guidance for this year and are proactively managing our operating costs accordingly. We remain very positive on the medium-to-long term outlook for home improvement growth in our markets, and confident in our ability to grow market share and deliver on our medium-term financial objectives”, he added. Building, Design & Construction Magazine | The Choice of Industry Professionals
Lidl has become the latest retailer to set its sights on vacant Wilko stores, as the grocer looks to open 1,100 shops by the end of 2025. Lidl boss Ryan McDonnell told Retail Week that the retailer’s property team is in very close contact with Wilko’s administrator PwC. He said that while no deals with PwC were finalised, Lidl was “certainly always interested” in properties that meet its requirements. The retailer, which current operates over 960 stores in the UK, opened 50 supermarkets in the year to 28 February 2023, more than any of its rivals. This heavy investment, combined with a commitment to lower prices, meant the retailer posted a £76m loss during the same period. Wilko fell into administration in August after a difficult post-Pandemic period saw lower footfalls and a decline in consumer spending due to the cost-of-living crisis. At the time, it employed over 12,500 members of staff. A deal was agreed recently which sees rival retailer The Range has take control of Wilko’s brand, however its stores are still set to close. This came after Pepco announced an agreement to take on the leases of up to 71 Wilko stores to convert to its Poundland brand. Rival chain B&M had also acquired over 50 stores from Wilko in a £13m deal, although did not specify which ones. Building, Design & Construction Magazine | The Choice of Industry Professionals
American real estate group Realty is in has reached a deal with Ediston Property Investment Company to purchase its entire property estate for £200.8m. Ediston confirmed it had reached an agreement with RI UK 1 Limited, a subsidiary of Realty, over the sale of its 11 site-strong retail park estate. Eidston currently invest in retail parks in Stirling, Haddington, Sunderland, Widnes, Barnsley, Prestatyn, Hull, Wrexham, Glasgow, Daventry, and Rhyl. The group said its portfolio has a value of £208.4m with a contracted rental income of £16.5m. William Hill, chairman of Ediston, said: “The board was very pleased with the interest shown in the company, with proposals being received from a number of potential counterparties. Having considered multiple options, and after detailed analysis, the board determined a sale of the property portfolio to Realty Income was the best means of maximising shareholder value. “The board unanimously considers the disposal to be in the best interests of the company and its shareholders as a whole and recommends that shareholders vote in favour of the resolution at the general meeting.” The group’s general meeting will be held on 26 September. If the acquisition is accepted unconditionally, Ediston’s board will look to seek shareholder approval to voluntarily liquidate the company and distribute all of its assets – which would consist entirely of cash – to shareholders. It was recently reported that Florida-based Realty is eyeing the purchase of Inverness Shopping Park, the Kingston Centre in Milton Keynes, and Serpentine Green in Peterborough from British Land. Also included in the deal is a portfolio of six data centres and offices based in London, which are currently leased to Vodafone. The New York-listed company entered the UK property market in 2019 when it formed a joint partnership with British Land to take ownership of 12 Sainsbury’s supermarkets, in a deal worth £429m. It now has a British portfolio worth over £2bn, having invested in a number of supermarkets, DIY stores, and retail parks. Realty previously told its investors that it sees the UK as an attractive investment hotspot. Building, Design & Construction Magazine | The Choice of Industry Professionals
The owner of Wagamama has said it is targeting between 200 and 220 restaurants in the long-term, up from its current estate of around 160 UK sites. The Restaurant Group said that strong returns from regional restaurants has given it confidence to accelerate its expansion plans, with the aim of now opening between eight to 10 sites from the 2024 financial year onwards. This comes as the group, which also owns the Frankie & Benny’s chain and the Brunning & Price pub group, releases its interim results for the first half of the 2023 financial year. The group said it was also aiming to open between one to three “high quality” Brunning & Price pubs from the 2024 financial year onwards. During the 26 weeks ending 2 July 2023, the group’s total revenue increased by 10% to £467.4m, up from £423.4m the previous year. Whilst the group’s Wagamama, pubs, and concessions businesses had all seen year-on-year increases in like-for-like sales of 7%, 8%, and 29% respectively, its leisure business saw a fall in sales of 3%. The Restaurant Group said that despite more resilient trading in the third quarter, it has continued to rationalise its leisure estate. It now expects to reduce the size of this business to around 76 sites by the end of the financial year, down from 116 sites previous year. This would mean that the group’s two-year rationalisation programme would be delivered in 12 months. The group will hope to achieve this through: the exercising of lease expiries or break clauses on 14 sites; the sale of eight freehold sites; the conversion of three sites to Wagamama restaurants by the end of the 2024 financial year; and the acceleration of the disposal of between 12 and 17 sites through agreements with landlords or alternative tenants. The Restaurant Group expects to exit the vast majority of lease obligations on the circa 40 closed sites by the end of the 2024 financial year. Building, Design & Construction Magazine | The Choice of Industry Professionals
The owners of Asda are reportedly considering a £500m sale of some of the supermarket retailer’s property portfolio in an effort to reduce debts. The billionaire Issa brothers, Mohsin and Zuber, with the backing of TDR Capital, are said to be in negotiations with Australian firm Macquarie Asset Management regarding a sale. The deal would see Macquarie purchase the ground rent leases of around 50 Asda stores, with a clause allowing the supermarket retailer to reassume control of the sites at the end of the 50-year term. Asda would then be able to pay lower rents at these stores while raising higher amounts of equity. The Issa brothers acquired the Asda estate from Walmart in 2021 in a deal worth £6.8bn, however some £2.75bn of debt was included in the transaction. In March, it was reported that the billionaire brothers were eyeing the sale-and-leaseback of the entire Asda estate, worth £8.6bn. The supermarket retailer then disposed of 25 stores to American investor Realty Income in a sale-and-leaseback deal worth £650m. Asda recently reported an increase in sales during the second quarter, which the supermarket said reflected the “strength” of its customer proposition. Building, Design & Construction Magazine | The Choice of Industry Professionals
Research by the debt advisory specialists, Sirius Property Finance, reveals that 42% of UK consumers rarely, if ever, take a trip to their local high street, as commercial developers are urged to find ways of tempting shoppers to return and, in doing so, help local communities and economies thrive. The survey of over 1,000 UK consumers, commissioned by Sirius Property Finance, asked consumers about their shopping habits and how frequently they headed to their local high street. When asked how often they visit, 32% stated that they rarely head to their high street, while a further 10% don’t visit at all. This reluctance to visit their bricks and mortar high street is largely a result of online retail options, with 54% saying they are likely to look to purchase something online before heading to their local retail outlets. And while 21% say that the internet is simply more convenient, other common reasons for avoiding the high street include limited parking availability (24%), a poor variety of shops (22%), and high prices (14%). These factors mean that the most common reason to visit the high street is not general retail, but instead supermarkets and grocery shopping, which 27% say is their main reason for visiting. 19% say they make the trip to take advantage of cafes, bars, and restaurants, while 15% say it’s for health and beauty services such as hairdressers and nail salons. A further 15% say they’re looking to make clothing and fashion purchases, 12% are in the hunt for home and decor outlets, 6% are visiting for entertainment such as cinemas, and 4% are shopping for electronics and technology products. This means that, in total, just 32% are visiting the local high street for retail purposes, while services and experiences account for the remaining 68%. When asked what would tempt them to visit the high street more often, general retail is once again trumped by other priorities. 21% say that more free parking areas would be a significant draw, while 17% say they’d like to see more local and artisan markets and craft stalls. 10% want more green spaces and gardens, and another 10% are looking for more in-store incentives and experiences. Other things that could tempt people to spend more time on their local high street include pop-up shops and temporary exhibitions (9%), outdoor seating and communal areas (9%), regular events like concerts or festivals (9%), pedestrian-only zones (8%), and interactive technology installations (1%). Head of Corporate Partnerships at Sirius Property Finance, Kimberley Gates, commented: “We’ve seen a substantial shift in consumer behaviour in recent times and so the decline of the high street is by no means the fault of property developers, nor is it exclusively their responsibility to try and breathe life back into physical, local retail districts, but they certainly have an important role to play in the rejuvenation. When looking to ensure the future good health of the high street, commercial developers can look towards the things that people say they want – improved infrastructure, attractive outdoor areas and a more diverse range of outlets. When the high street was born, it had no direct competition. But with the arrival of shopping centres and online shopping, the high street must now find a way to offer something that the internet cannot This means experiences, community, socialising, pride in the local area, and an understanding that today’s consumers have plenty of options. They need to be given a reason to frequently visit the high street and our commercial developers can play a big part in achieving this. When they do, the benefits for local communities and economies will be enormous.” Survey results Full survey results can be viewed online, here Building, Design & Construction Magazine | The Choice of Industry Professionals
