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Shops for let at Retail Centres in Richmond - Surrey
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Latest retail news in Richmond
Premium florist becomes first to fit out at Chelsea Waterfront development
Thu May 22 2025
Premium florist House of Flowers is set to open at Chelsea Waterfront, becoming the first commercial tenant to fit out at the mixed-use development. The florist has taken 527 sq ft at Unit 6 on a five-year lease, and the signing comes ahead of RHS Chelsea Flower Show later this week. Chelsea Waterfront marks the final chapter in the transformation of London’s iconic power stations, following the regenerations of the Tate Modern and Battersea Power Station.
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High occupancy rate drives rental growth for Shaftesbury Capital
Thu May 22 2025
Shaftesbury Capital, the Central London-based real estate investment trust (REIT), has achieved strong rental growth across its portfolio in 2025, driven by high occupancy rates. Since the beginning of the year, the group has completed 128 leasing transactions, representing £11.3m of new contracted rent. This figure was 8% ahead of the December 2024 estimated rental value (ERV) and 9% ahead of previous passing rents.
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Hammerson completes £186m Brent Cross acquisition
Wed May 21 2025
Hammerson has completed its acquisition of Brent Cross, purchasing the remaining units of the Greater London shopping centre for £186m. The real estate investment trust has acquired 95% of the units in the Abrdn UK Shopping Centre Trust (SCUT), which holds the 59% of Brent Cross not already owned by Hammerson. The group said the acquisition price represented a 6% discount to the December 2024 book value, and reflected a net initial yield of 8.
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