Franchisees could occupy up to 20% of lettable area in local shopping centres in the Czech Republic in two to three years, according to Martin Kubik, head of Asset & Property Management at DTZ. 'Thanks to the franchise system, new retail chains which are considering entering the local market can do so more rapidly,' he said.
Legal & General Investment Management’s (LGIM’s) managed fund has acquired Tesco Yarrow Road Poole from clients of abrdn for £46.1 mln (€54 mln).
