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Retail

Retail and Hotel news and contracts

Midas sees margin fall to 0.3% as turnover rises

Midas sees margin fall to 0.3% as turnover risesSubscription

Profit margins at Midas have slumped to 0.3 per cent as clients force down prices, according to the firm’s end-of-year accounts.

Kier B&M warehouse regional distribution hub facility Wixams Bedford_UK Land and Property

Kier lands £39m B&M warehouse job in BedfordSubscription

Kier has won the contract to deliver a £39m regional distribution facility for value retailer B&M.

Lidl store Epsom housing retail view east down Upper High Street

Lidl aims to build 3,000 London homes in three yearsSubscription

Lidl will help deliver schemes with the potential to create 3,000 new homes in London over the next three years, the company has announced.

Laing O'Rourke hit by delay to £1.4bn Brent Cross start date

Laing O'Rourke hit by delay to £1.4bn Brent Cross start dateSubscription

Hammerson has delayed Laing O’Rourke’s start date for the £1.4bn extension and refurbishment of Brent Cross shopping centre beyond 2019.

Intu Trafford Centre expansion retail shopping Barton Square 3

Vinci lands £75m Trafford Centre expansionSubscription

Vinci has won the contract to deliver a £75m expansion of the Trafford Centre in Manchester.

Features and analysis

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Sainsbury's and Asda merger could force store sales

Sainsbury's and Asda merger could force store salesSubscription

Sainsbury’s and Asda could be forced to sell stores to satisfy competition concerns over their £13bn tie-up, analysts have claimed.

Generic_Sites construction activity projects cranes

Two firms shortlisted for Merseyside redevelopmentSubscription

Bowmer & Kirkland and Eric Wright have been shortlisted for the deal to redevelop Kirkby town centre in Merseyside.

Hammerson pulls out of £3.4bn Intu takeover_Brent Cross Shopping Centre

Hammerson pulls out of £3.4bn Intu takeoverSubscription

Hammerson has advised its shareholders to vote against the £3.4bn takeover of rival Intu.

O’Rourke and Vinci face off for £300m Chester job

O’Rourke and Vinci face off for £300m Chester jobSubscription

Laing O’Rourke and Vinci have been shortlisted for a £300m commercial development in Chester.

Hammerson rejects 'wholly inadequate' French takeover bid

Hammerson rejects 'wholly inadequate' French takeover bidSubscription

Hammerson’s board has unanimously rejected a £5bn takeover bid from European retail developer Klépierre, calling its offer “wholly inadequate” and “entirely opportunistic”.

Travelodge to invest £340m in hotel estate

Travelodge to invest £340m in hotel estateSubscription

Travelodge has revealed plans to build 20 new hotels with a combined value around £240m. 

Generic housing restoration site

Project starts decline in three months to FebruarySubscription

Construction starts were 7 per cent lower in the three months to February thank the same period 12 months ago, construction intelligence provider Glenigan.

Morgan Sindall wins £50m Leicester contracts_Charles Street Buildings_Vaughan Way regeneration

Morgan Sindall wins £50m Leicester contractsSubscription

Morgan Sindall has won the contract for £50m of mixed-use developments and infrastructure upgrades in Leicester.