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Latest retail news in Shoreham-by-Sea
Redevco hands Brighton mixed-use estate £57m price tag
Tue Apr 01 2025
Redevco has placed the Hanningtons mixed-use estate in Brighton on the market with an asking price of £57m, reflecting a net initial yield of 7.49% on the commercial element. Situated in the heart of The Lanes at the eastern end of North Street, Hanningtons sits on a 1.6 acre site and extends to a total area of 152,161 sq ft. It comprises 43 retail units, 11 office suites, and 63 flats. The asset produces a total gross income of £4,500,273 per annum, comprising gross incomes of £3,418,161 per annum on the commercial element and £1,082,112 per annum on the residential element.
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Moretons completes off-market acquisition of Brighton retail building
Thu Mar 06 2025
Moretons Investments has completed the off-market acquisition of a multi-storey retail building in Brighton. Located at 157-162 Western Road, the four-storey building extends to approximately 30,000 sq ft and is currently let to Argos and McDonald's. Argos remains on the lease until June, however the retailer has vacated and is no longer in occupation. McDonald's has recently signed a new lease for its restaurant at the building.
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Hospitality group acquires Brighton's i360 Tower
Wed Feb 05 2025
Hospitality group Nightcap has acquired the i360 Tower in Brighton and its associated hospitality and leisure space. The group has taken the remaining 115-year lease on the tower, bringing the total number of venues under its control to 46. Brighton & Hove City Council, the i360's main creditor, announced in January that it would be writing off the attraction's £51m debt after it fell into administration last November.
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