5 decades of Moore’s Law (which states that computing power doubles every 18 months) means that in the 2020’s we will experience change at a pace that makes the current decade seem positively sluggish. A Trinity of Transformation, involving more data, more compute power and more advanced algorithms is underway.
Intu, which owns some of the UK's biggest shopping centres, has approached its shareholders to ask for more money amid a downturn in the retail sector.
Capitalising on bargain prices, Swedish chain thought to be looking for other similar sites
Shirebrook-based Sports Direct has bought a retail park in Hertfordshire in a deal worth £25.4m.
One in five shopping centres bought since 2016 acquired by local authorities as towns hit by store closures
Shopping centre operator intu has completed its 50% sale of its Derby mall in a deal worth £186m.
The owner of the Lakeside and Trafford Centre shopping centres, Intu, has cut its forecast for rental income, blaming the retail downturn.
The shopping centre in Fife which was put up for auction with a reserve price of only £1, has been sold for £310,000.
A dozen different bidders competed for just five minutes to buy it some online, some over the phone and some in the room, before a phone bidder won it.
Shares in the owner of shopping centres including Lakeside and the Trafford Centre have plunged after a £2.8bn takeover bid was abandoned.
Hammerson has completed the sale of the 50% stake in Highcross shopping centre in Leicester to an Asian investor introduced by M&G Real Estate for £236m.
More than 200 UK shopping centres are in danger of falling into administration, experts are warning.
Shopping mall owners on Tuesday said the Chancellor’s move to reduce planning restrictions around combining retail and residential properties will be good for businesses.
Shares in property firm Intu have jumped 13% after it said it was mulling a bid from a consortium of investors.
Billionaire John Whittaker’s attempt to take shopping centre owner Intu private sent the City into a frenzy on Friday as shares jumped almost 30% and caught short-sellers off guard.
Hammerson, the owner of the Highcross shopping centre in Leicester, has sold a 50% share in the mall to an Asian investor.
Manchester based The Peel Group is at the centre of a £2bn deal which would create one of the largest property companies in the UK.
Shopping centres owner Capital & Regional on Tuesday laid bare how much the recent bloodbath on the High Street will cost it this year.
Crompton Place shopping centre has been bought by Bolton Council for almost £15m as it looks to shape the future of the town and drive forward its £1bn regeneration masterplan.
Retail giant Hammerson has abandoned its plans to buy the Trafford Centre and Manchester’s Arndale as part of a £3.4bn deal.
Trafford Centre and Arndale owner intu has reported record levels of retailer demand for its first quarter to 17 April.
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