The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
As I pointed yesterday, Tensions are rising in the retail industry as supermarkets enjoy a £3 billion business rates holiday even though their stores are open and sales have rocketed.
“The supermarkets should hand the relief money back and give it to the NHS,” the boss of one rival high street retailer said.
The big grocers recorded an extra £1.9 billion in sales over the past four weeks, according to industry figures from Nielsen, as shoppers made more than 79 million extra trips to their stores.
The Easter weekend looming
"For most retailers Easter is a crucial trading period, but it will be impossible “to draw any real comparison between Easter this year and Easter in preceding years”, warned Springboard director Diane Wehrle. "
Hasta La Vista
INTU cited some problems in getting regulatory approval as the reason for the delayed sale of Puerto Valencia
However this from the 13/03/2020
"The European Commission has approved, under the EU Merger Regulation, the acquisition of Zaragoza Properties SOCIMI, S.A. (“Zaragoza”) of Spain by Generali Shopping Centre Fund S.C.S. SICAV-SIF (“GSCF”) of Luxembourg and Union Investment Real Estate GmbH (“UIR”) of Germany. Zaragoza is active in the ownership, management and rental of the Puerto Venecia shopping centre and retail park located in Zaragoza, Aragon, Spain. GSCF, belonging to the Italian group Assicurazioni Generali S.p.A., is an investment fund with a specific focus on investing in, and managing shopping centres in the continental European retail sector. UIR is a real estate investment firm, specialised in real estate funds for private and institutional investors in Europe, the Americas, Asia and Australia. The Commission concluded that the proposed acquisition would raise no competition concerns given that the overlaps between the companies' activities in the real estate sector in Spain are limited. The transaction was examined under simplified merger review procedure. More information is available on the Commission's competition website, in the public case register under the case number M.9724. (For more information: Arianna Podesta – Tel. +32 229 87024; Maria Tsoni – Tel.: +32 229 90526) "