Author: Scott Dylan

The proposed Gather & Soul project in Birmingham is set to transform a historic site into a hub for sustainable urban living. With its strategic location and innovative design, the development aims to cater to the city’s young professionals.Introduction to the Gather & Soul DevelopmentPlans have been lodged for Gather & Soul, a new canalside residential development in Birmingham city centre. The site at 52 Gas Street is set for transformation into 161 co-living apartments and amenity spaces, with a focus on young professionals. The development overlooks the historic Gas Street Basin.Previously, the site was home to a gun factory…

Frasers Group has expanded its real estate portfolio by acquiring the Frenchgate shopping centre in Doncaster.The Frenchgate centre covers 770,000 sq ft and hosts over 120 retailers such as Next, H&M, and TK Maxx.With annual footfall exceeding 16 million, this acquisition aims to unlock new opportunities for Frasers Group’s fascias.Frasers Group plans to extensively expand its Sports Direct outlet within the centre.The acquisition reflects Frasers Group’s strategy to revitalise high streets across the UK.Frasers Group, a key player in the retail industry, has made a significant move by acquiring the Frenchgate shopping centre in Doncaster, further broadening its real estate…

In an impressive display of financial growth, Supreme Plc, a leading supplier in the vaping sector, has reported a significant increase in profits for the fiscal year ending March 2024.The Manchester-based manufacturer experienced a revenue rise of 42%, reaching £221 million. This financial success was driven by outstanding performance across its diverse product range, positioning the company for future growth.Supreme Plc has announced remarkable full-year financial results, defying challenging market conditions. Pre-tax profits more than doubled to £30.1 million, accompanied by a 96% increase in adjusted EBITDA, reaching £38.1 million. This substantial growth is attributed to strong trading across all…

Shoe Zone is experiencing significant challenges impacting its profits this year.High shipping costs continue to pressure Shoe Zone’s financial outlook.Consumer demand has weakened due to unfavourable weather impacting spring/summer sales.The company has revised its profit expectations down to £10m for the fiscal year.A recent cyber attack has added to Shoe Zone’s challenges.Shoe Zone is currently facing a multitude of challenges that are impacting its profitability for the fiscal year ending 2 October 2024. The company has reported persistent pressures from elevated shipping costs, resulting in a revision of its expected adjusted profit before tax down to £10m.In recent months, the…

UK supermarket Sainsbury’s reported a 4.3% decrease in clothing and general merchandise sales for a recent quarter.Overall sales for Sainsbury’s increased by 4.2% year-on-year, driven by strong grocery performance.The decrease in clothing sales was attributed to unseasonal weather conditions affecting consumer purchasing decisions.A renewed focus on core clothing ranges showed initial positive momentum before the weather impact.Sainsbury’s also initiated a £200 million share buyback programme, set to be completed in 2024-2025.Sainsbury’s reported a 4.3% decline in clothing and general merchandise sales during a recent quarter. Despite the overall year-on-year sales growth of 4.2% for the 16 weeks leading up to…

Passenger numbers at Manchester Airport have returned to pre-pandemic figures, accompanied by notable revenue increases.The group has reported significant financial progress, with growth in both passenger figures and operational revenue.Passenger Statistics RecoveryManchester Airport has seen a robust recovery in passenger numbers, marking a return to pre-pandemic levels. During the financial year ending March 31, passenger volume reached 28.8 million, representing a 14.3% increase compared to the previous year. The upward trend began last October when numbers exceeded those from the same month in 2019, continuing to climb steadily for the remainder of the year.Financial PerformanceThe financial health of Manchester Airport…

Shop price annual inflation in the UK decreased to 0.2% in June.The latest figure marks a decline from 0.6% recorded in May.Non-food items continued to experience deflation, standing at -1% in June.UK inflation aligned with the Bank of England’s 2% target, the first occurrence in nearly three years.Retailers’ supply chain investments contributed to lower inflation and reduced costs.The BRC-NielsenIQ Shop Price Index has reported a significant decrease in shop price annual inflation, reaching 0.2% in June. This figure shows a marked reduction from the 0.6% observed in May and is considerably below the three-month average rate of 0.5%. This decline…

Clearbell Property Partners has acquired Parkside Industrial Estate in Wolverhampton for £7.72 million.This strategic investment promises future enhancements to the site’s infrastructure and appeal.Clearbell Property Partners has strategically expanded its portfolio with the acquisition of Parkside Industrial Estate in Wolverhampton, purchasing the site for £7.72 million. This site encompasses 11 units, totalling approximately 100,000 square feet. Located in Hickman Avenue, east of Wolverhampton city centre, the estate is currently 94% occupied, with four current tenants.The acquisition aligns with Clearbell Capital’s strategy to invest in industrial properties that offer significant reversion value and are below replacement cost. They plan a substantial…

Sherilyn Paterson steps down as JD Sports chief operating officer, marking the end of her 12-year tenure.Paterson advanced from head of merchandise for footwear to COO in a decisive career progression.JD Sports shares declined following a weaker performance by Nike, impacting market sentiment.The company reported a decline in operating profits for the 2023/24 fiscal year due to increased costs.JD Sports remains committed to its full-year profit guidance despite facing a challenging market.Sherilyn Paterson, the chief operating officer of JD Sports, has announced her departure from the company after a distinguished 12-year career. Her decision to retire is understood to be…

Ardent Management has announced a strategic relocation within Birmingham, marking another significant move for the expanding chartered surveying practice.The company has opted for office space in the newly developed Northspring building on Temple Street, a site with modern facilities tailored for dynamic business operations.Ardent Management, a prominent chartered surveying practice, has confirmed its decision to relocate its Birmingham team to a new premises in the city’s business district. This strategic move involves acquiring office space at the freshly refurbished Northspring building on Temple Street. The firm, known for its land and consent management services, aims to better accommodate its expanding…