Latest commercial property news from Lambert Smith Hampton


Industrial and logistics news: January 2014

Round-up of recent market news...

Molson Coors sells Tradeteam stake

Molson Coors has announced the sale of its stake its UK drinks logistics business Tradeteam to DHL Supply Chain. The financial terms of the deal have not been disclosed. Read more...

Sainsbury's will likely be bought by Qatar Investment Authority in 2014

As reported by Daily Telegraph, Qatari Investment Authority (QIA), a sovereign wealth fund, is likely to buy the UK-based supermarket chain Sainsbury's in 2014. With a 25.9% stake, QIA is currently the largest shareholder in Sainsbury's. Read more...

John Lewis plans At Home outlet in Horsham in 2015

UK-based department store chain John Lewis plans to open a 45,000 sq ft At Home outlet in Horsham in autumn 2015. This outlet, in the new West End development, next to Waitrose, will mark the opening of the third co-located site of Waitrose and At Home. Read more...

House of Fraser in talks with Galeries Lafayette

House of Fraser and Galeries Lafayette are in exclusive and advanced discussions that could see the French retailer assume control of the UK-based department store. The discussions have cast doubt over House of Fraser's mooted 2014 float which may have raised £300m. Read more...

Survey reveals cost of waiting in for deliveries

Research by CollectPlus has found that the average shopper in the UK will spend 142 minutes this Christmas waiting at home for a delivery. It states that this will cost the economy £868m.  Read more...

99p Stores to speed up expansion plan

The UK-based discount retailer, 99p Stores, has extended its bank facilities with Barclays by another £25m. It will use the money to accelerate its expansion plan from 2014. Read more...

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