Giant Marks & Spencer anchor plan for White City

Article Abstract:

West London's new 400 million pounds sterling shopping centre is expected to be the location of the largest Marks & Spencer in the UK. The store will cover 200,000 square feet, making it the most important tenant at the centre being developed Chelsfield. A package of transport improvements have been announced by Chelsfield, which is investing 112 million pounds sterling in infrastructure development for the White City shopping centre, which is will reach the planning application stage in September 1998, a year over schedule.

United Kingdom, Marks and Spencer PLC, Chelsfield

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Despa leads shopping spree by German funds

Article Abstract:

German open-ended investment fund Despafonds is believed to be considering investing more than 200 million pounds sterling in purchasing large shopping centres in the UK. It is one of a number of German funds looking to increase its presence in the UK. CGI, the investment unit of Commerz Bank, has already done so through the purchase of a 17,000 sq mt shopping centre in Ashton under Lyne.

Investments, Real estate industry, Mutual funds

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Lakeside dam busted

Article Abstract:

The dispute between Dixons and the Lakeside shopping centre landlord Capital Shopping Centres (CSC) over the level of rent payable is discussed. The arbitrator's decision to set the rent at 14% lower than that argued for CSC is examined.

Prices and rates, Retail industry, Retail trade, Retail stores, Contracts, Stores, Rents (Property), Capital Shopping Centres PLC

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