KeyPoint Partners, LLC’s Post

"Ted Baker in administration: latest British brand unable to adapt to a rapidly evolving retail landscape" is Richard Saunders' new article in Retail Times. “Ted Baker is the latest example of a well-established British brand unable to adapt to a rapidly evolving retail landscape. Whilst e-retail was once portrayed as the villain in the story of the high-street, this is simply no longer the case. https://lnkd.in/ebHqxkYM #Agency #Retail #propertynews #NoOrdinaryPropertyConsultancy

Why are we spending more dining out than dining in? Do people just not cook at home any more. Or does inflation have something to do with this phenomenon? Thx to Aaron Jodka & Nicole Larson for pulling this together. #retailnews #retailtrends #restaurantnews #cre #retwit

Charter Hall Retail REIT 1H FY24 Results Charter Hall Retail REIT (ASX: CQR) (CQR or the REIT) today announces its 1H FY24 results for the period ended 31 December 2023. Charter Hall's Retail CEO, Ben Ellis said, “It’s been another very strong period of portfolio performance from CQR with like-for-like net property income growth of 3.7%. The attractive nature of our assets has seen us sell four regional non-core centres for $290 million following unsolicited offers that were in-line with our prevailing book values. That’s provided significant balance sheet capacity for us to continue improving the portfolio and I’m delighted to announce the acquisition today of Eastgate Bondi Junction shopping centre, in partnership with our wholesale capital partner in RP6.” 
“This is an outstanding acquisition for CQR, acquiring a premium investment grade convenience retail centre on an attractive 6.1% passing yield. This continues our on-going portfolio curation and further concentrates CQR’s portfolio in major East Coast metropolitan markets. It’s also pleasing to see new incremental wholesale capital investing in convenience retail shopping centres, recognising the attractive nature of this asset class.” To read more including financial and operational highlights visit the article published on COMMO linked below: The ASEAN Developer David Harrison Shannon Hunter Janine Thomson Ceanda Mah #charterhall #retailrealestate #retail #retailmedia #retailproperty #retaildevelopment #retailleasing #retailers #retailnews #realestateaustralia #shoppingcenters

Retail leasing remains concentrated in smaller spaces of under 2,500 SF, where activity is overwhelmingly driven by growth from quick-service restaurants and personal services. Propelled by record spending on outside-of-the-home food purchases since early 2021, retail tenants in the food and beverage sector accounted for a historic high of nearly 20% of all leasing activity over the past year. Click here to read this week’s #ColliersQuickHits from Colliers’ Capital Markets Director of Research, Aaron Jodka and #ColliersRetail's Nicole Larson: https://ow.ly/UL2050SK7om #ColliersCapitalMarkets #ColliersResearch

If you would have guessed McDonald's has the most retail locations in the country, you’d be wrong. According to Crittenden Research Inc., the retail tenant with the most locations across America is FedEx stores with 56,164 locations. A distant No. 2 is Subway with 21,352 locations. No. 3 is U-Haul with 20,762 locations. No. 4 is Dollar General with 19,022 locations and No. 5 is Starbucks with 15,905 locations.

Big thanks to my colleague Nicole Larson for collaborating on today's #ColliersQuickHits. We dive into consumer spending on food, both from grocers, and away from home. In recent quarters we are spending more dining out than dining in - something that historically has not happened. Check it out below. #ColliersCapitalMarkets

Broker I know recently listed a prime retail space for lease within a tertiary market. A bidding war broke out between multiple restaurants. $48 a foot, then $54, and finally the broker asked for a "best and final" from the parties involved. $60 a foot! Unheard of in that market, and in most markets. Apparently the backstory is that the $60 bidder is a national restaurant chain that knowingly will break even at this rent, but needs to get in that market, has no other options, and needs to meet investor store count expectations. Seeing this dynamic play out all over the place.

Stay in the know with the latest CR News articles 📩 Subscribe to our weekly Retail Property News mailer and keep up to date with our exclusive insights, market updates, and game-changing developments. Knowledge is power in the world of retail! 🚀 📧 Subscribe now: https://lnkd.in/e9zhpTYD Join our community of industry enthusiasts and elevate your understanding of the retail property landscape with CR News. #crnews #RetailNews #PropertyInsights #StayInformed #SubscribeNow

Link to our weekly newsletter: https://lnkd.in/g5RhCDJB F&B operations are not as simple as some may think. The success rate for new restaurants and cafes is quite low, with only 60% of new starters surviving the first year. As a property owner or manager looking to lease space to F&B operators, you must be aware of these risks and cautious in your decision-making, shares Will Odwarka in his "F&B Insights" column. Unibail-Rodamco-Westfield reports strong performance supported by increased tenant sales and footfall, dynamic leasing activity for retail and offices, and record C&E results. Retail Media revenues also went up +24.7% with Westfield Rise on track to deliver 75 million Euro European 2024 net margin target. Thanks to our ACROSS Magazine Advisory Board: Klaus Striebich Otto Ambagtsheer Angelus Dr. Bernreuther Jean-Christophe Bretxa Ben Chesser Rüdiger Dany Joanna Fisher Gregory Fonseca AIA Susan Hagerty Bonsak Steffen Hofmann Ibrahim Ibrahim Chris Igwe Yurdaer Kahraman Herman Kok Maxence LIAGRE Henrik Madsen Thomas Mark Giles Membrey Will Odwarka Markus Porvari Thomas Reichenauer André Stromeyer Jan Tanner Franck Verschelle Henrike Waldburg, FRICS Marcus Wild Pinar Yalcinkaya

There was a rise in new outlets opened by UK chains last year, dominated by coffee drive-throughs, bubble tea shops and fast food restaurants, mostly located outside city centres. But they were not enough to outweigh the places where chains shut up shop, new figures show. High profile failures at Wilko, Lloyds pharmacy and Paperchase meant in total there were more closures than openings. The result was a net decrease of 5,000 in stores across the UK. Stores were lost at a rate of 14 per day over the year, underlining a long-term trend for both retail and services shifting to online, said accountants PwC, which analysed data compiled by the Local Data Company. The 9,138 new openings last year was the highest figure since 2019, and was almost entirely driven by new hospitality sites, PwC said, representing a bounce-back after the sector's high closure rate during the pandemic. Chains closed 11,530 stores in 2023, driven by "one-off" restructurings and failures at big retailers, some of which had been struggling for years, PwC said. Out-of-town retail parks bucked the trend, boosted by new food outlets, and showed a slight overall rise in sites operating. The roll out of electric vehicle charging stations also meant there was a net gain of 48 petrol stations. Read more ➡️ https://buff.ly/3Cb02vg The Scottish Chambers of Commerce Network is here to support your business - reach out to share your views, concerns and opportunities. #SCCnews #businesssupport #businessnetwork #businessvoice #businessleader Sign up for the Scottish Chambers of Commerce enewsletter at https://buff.ly/3CpsQnu