Retail news: mall and brand expansion

Marks & Spencer cites “unseasonable” weather as the explanation for the company’s 13th consecutive quarterly drop in sales and continued struggles.

Shopping center owners based in Perth are in expansion mode after going through four years of approvals and planning since the lifting of retail floor space caps.

It has been announced that sales at Westfield shopping centers located in New Zealand and Australia have seen an increase.

DTZ has made a transition in November, selling to a TPG Capital-led consortium

IKEA have therefore committed to spending almost 2 billion Euros to upgrade and expand stores throughout the Moscow area.

The New Strand Shopping Center in Bootle has been bought by Ellandi, the specialist shopping center investment and asset management company, for an undisclosed amount.

The recent sale of the Wildewood Center in California at a price of $28.4m indicates that commercial developers are still willing to continue investing in the region.

The corporation owned by Colombia’s banking mogul, Luis Carlos Sarmiento, has presented plans to construct the largest mall in the capital of Colombia.

Resolution is due to pump €1bn into assets across Europe over the next two years, with focus on Poland, Germany, the Netherlands and the UK.

At the end of jury deliberations, 27 MAPIC Awards finalists were selected from 15 countries, including a significant rise in the number of entries from Asia.

A shopping mall construction boom is starting to fade in Turkey, after a ten-year period, with cancellation or delays in projects.

Construction workers have raised the topping-out wreath on the construction of the shell of the shopping gallery at Aquis Plaza in Aachen.