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Hermiston Retail Park is a purpose-built scheme comprising approximately 156,595 sq ft. The park is anchored by a 73,915 sq ft Morrisons foodstore with other retailers including B&Q, Pure Gym, Poundland, Matalan and Sports Direct. The units have an eaves height of...
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Thu Oct 01 2026
Landsec has exchanged contracts to acquire a 100% stake on the Metrocentre shopping centre in Gateshead for a net cash consideration of £516m. With 1.86 million sq ft of lettable floorspace, Metrocentre is home to 282 stores and generates annual retail sales of approximately £650m. The acquisition also includes an adjacent retail park, which covers 0.2 million sq ft of retail space across 15 units.
Mon Sep 28 2026
M Core has completed the acquisition of The Gate, a 235,288 sq ft leisure destination in Newcastle city centre. Located on Newgate Street, the Gate is Newcastle's only covered city centre leisure destination and sits opposite to Eldon Square and close to St James' Park, Newcastle University, Chinatown, and Newcastle Central railway station. The destination is anchored by a 12-screen Cineworld cinema and Bally’s Casino, alongside a mix of food, drink, and leisure operators.
Thu Aug 20 2026
Landsec is reportedly looking to acquire the Metrocentre shopping centre in Gateshead, which was put on the market earlier this year for £500m. The FTSE 100-listed real estate investment trust is understood to have emerged as the frontrunner to acquire the shopping centre, according to The Times, seeing off interest from Frasers Group and Hammerson. The Metrocentre Partnership, which includes the Church Commissioners and Singapore's sovereign wealth fund, placed Metrocentre up for sale in June, although it is understood that Landsec could pay well in excess of the £500m asking price.