Scott Laeber’s Post

Debenhams fillers!! In August I posted a blog Debenhams: Two years on and reviewed 126 of their stores which were left vacant from May 2021 alongside GEOLYTIX data. https://lnkd.in/e3x-ente So great to hear more units are getting a new lease of life... Marks and Spencer are opening the biggest number of stores opened by them in a single month. 9 stores are opening throughout November, 3 of which are ex Debenhams unit. 📍 Birmingham Bullring - M&S opened their 68,000sq ft store on 7th November 📍 Lakeside (Grays) - Relocation of M&S, their new 97,000sq ft store opened on 15th November 📍 Trafford Centre (Manchester) - M&S relocation which will open 30th November 📍 Merry Hill Shopping Centre (Brierley Hill) - XTRAFIT (XF Holdings) are set to open next summer (2024). They will be occupying a significant portion of the ex. Debenhams unit. 📍 Brighton - Ingka Centres have acquired Brighton's main shopping centre, Churchill Square and have plans to open an IKEA store in the former Debenhams unit. This will become their 23rd IKEA in the UK. 📍 Broadstairs - Hollywood Bowl plans are still on track but delayed, initially hoped to be opening Autumn 2023 the revised target date is May 2024. #locationintelligence #retail #data #openings

opportunity

Aldi Reveals Priority London Locations for New Stores Aldi has disclosed its list of priority locations in London where it aims to open new stores, as part of its ambitious expansion plans across the UK. The supermarket chain recently announced its intention to operate 1,500 stores nationwide, with a particular focus on areas within the M25 due to high demand. In a bid to bolster its presence in London, Aldi has committed £500 million to open approximately 100 new stores within the M25 region. The identified priority locations include: - Barnet - Beckenham - Bromley - Chelsea - Chiswick - Hackney - Highbury - Kensington - Notting Hill - Richmond - Walthamstow - Wanstead - Winchmore Hill To facilitate the search for suitable properties, Aldi is offering a finder's fee to property agents who recommend previously undiscovered sites. The finder's fee amounts to 1.5% of the freehold price or 10% of the first year's rent for leasehold sites. Aldi's criteria for potential sites include a minimum size of 20,000 sq ft for standard stores, with approximately 100 dedicated parking spaces. Preferably, these sites should be situated on main roads with good accessibility and visibility. Additionally, Aldi is seeking smaller locations to accommodate its Aldi Local format, which typically range around 5,000 sq ft in size. Jonathan Neale, managing director of national real estate at Aldi UK, emphasized the company's commitment to making high-quality, affordable food accessible to all Londoners. https://lnkd.in/ewNhhZnA