B&Q - Burlington Road 175 Burlington Road, New Malden, KT3 4LU
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Latest retail news in New Malden
Turkish womenswear brand picks London Designer Outlet for UK debut
4 December 2024
Turkish womenswear retailer Abaci is set to open its first physical UK store at London Designer Outlet (LDO) in Wembley Park. The retailer – which specialises in modest fashion – has agreed a two-year lease for a 1,418 sq ft unit at the outlet shopping centre. Abaci was founded in 1981 and, since 2017, has operated in the UK as an online business with occasional pop-ups at John Lewis in Westfield White City.
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Aldi to invest £650m into store estate
3 December 2024
Aldi has announced plans to invest £650m into expanding its presence across the UK. The supermarket retailer will invest the funds into developing new stores in locations such as Fulham Broadway in London, Billericay in Essex, and Cheadle in Stoke-on-Trent. Aldi is planning to open around 30 new stores in 2025 as it looks to reach its long-term target of 1,500 locations in the UK. Recently, the supermarket announced that it is opening 11 new stores in the run-up to Christmas, capping off a year in which it invested £800m into its store estate.
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DTZ snaps up London retail park from Lothbury
2 December 2024
DTZ Investors has acquired a central London retail park from Lothbury for £37m. Anchor Retail Park in Mile End is one of the few remaining inner-London retail parks, situated in Zone 2 and just over a mile from the City of London. Set across a 3.2-acre site, Anchor Retail Park comprises three retail units totalling 45,385 sq ft of lettable space. The units are fully let to Asda, Halfords, and Currys with all leases expiring in 2025.
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