Eastleigh Borough Council has acquired the Chestnut Avenue Retail Park in the town from Paloma Capital for £12.85m.

A Parliamentary committee has urged the government to reform business rates which it says are stacking the odds against high street retailers.

Specialist retail and leisure agencies Smith Price and Reid Rose Gregory are merging, Property Week can reveal.

Property investment advisory company AshbyCapital has acquired a retail and office arcade and an adjacent development site in Kensington for around £200m.

Indoor go-karting company TeamSport is on track to open a new branch in Stockton-On-Tees on a 20-year lease.

Cushman & Wakefield has re-hired Duncan Gilliard as a partner in its Central London retail team.

Intu shares have fallen 10% in early trading after the shopping centre landlord suspended its dividend and reported a 13.3% fall in capital values in full-year results.

The UK’s competition watchdog has said Sainsbury’s and Asda may have to offload a ‘significant number of stores’ if the proposed merger is to be approved.

Peel L&P is expanding its Lifestyle Outlets portfolio by investing £150m on further development and are looking for a new strategic investor to accelerate the process.

Prime logistics warehouses posted the second-strongest occupier take-up figures ever in 2018, according to Gerald Eve data shared exclusively with Property Week.