Latest news with #LiverpoolONE
BBC News
22-05-2025
- Business
- BBC News
Shoppers camp overnight ahead of Sephora's Liverpool store opening
More than 100 people have camped overnight outside Liverpool's new Sephora person in the queue told the BBC those near the front joined the queue at about 9pm on 21 May with the store due to open at 9am. Make-up store Sephora was previously only an international brand, but has branched out to the UK with stores in Manchester and London. Sephora has promised the first 500 customers through its doors will get a free gift. The new store occupies a 6,727 sq ft (2,050 sq m) space formerly occupied by the shoe and sportswear brand Footlocker on South John month similar early morning queues formed when Uniqlo opened up in Liverpool ONE. Listen to the best of BBC Radio Merseyside on Sounds and follow BBC Merseyside on Facebook, X, and Instagram and watch BBC North West Tonight on BBC iPlayer. You can also send story ideas via Whatsapp to 0808 100 2230.
Time of India
17-05-2025
- Business
- Time of India
UK's Landsec's property valuations miss expectations, bets on retail growth
BENGALURU: Land Securities ' overall annual property valuations slightly missed expectations on Friday, and the British commercial landlord said it plans to invest more in retail properties as store chains are expanding in premium locations. The company has been shedding non-core assets as growth in office space remains weaker in comparison to retail and residential counterparts after the pandemic. CEO Mark Allan called the company's retail segment the "strongest performing part" of its portfolio, and said he expects the firm to benefit from retailers renting space in premium shopping centres and malls. "Retailers have to be in locations where consumers are spending money and that's what's driving the trend for fewer, better, bigger stores in the very best locations that has been underway for some time now," Allan said in a media call. Landsec plans to invest more in its retail and residential property assets over the next few years, and recently acquired one of the UK's premier shopping centres, Liverpool ONE. Landsec's EPRA net tangible assets - an industry measure that represents the value of its buildings - stood at 874 pence per share as of the end of March, below expectations of 890 pence, as per a company-compiled poll. Its shares were down 1.7% by 0849 GMT. Analysts at JPMorgan said that while the company is growing, the brokerage expects some low single digit percentage adjustments down in market expectations for fiscal 2026 following the small miss in property valuations. Landsec expects rental values for office properties to continue to grow at a broadly similar rate this year as they did last, citing "modest" supply across London. Pre-tax profit for the year ended March 31 came to 393 million pounds ($523.8 million), compared to a loss of 341 million pounds last year.
