FINANCE

Report: Publix considering making offer for Harris Teeter

BY Marianne Wilson

New York — Publix Super Markets is interested in Harris Teeter Supermarkets, Bloomberg reported.

Royal Ahold, the Netherlands-based company that operates Stop & Shop, is also looking to making a bid for the North Carolina-based chain, according to various media reports.

Harris Teeter released a statement on Feb. 13 in which it said it hired JPMorgan to assist in holding talks with suitors after being approached by two buyout firms.

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REAL ESTATE

Marks & Spencer to unveil green lease policy for stores

BY Marianne Wilson

New York — Marks & Spencer, one of the leading retailers in the United Kingdom, is set to unveil a new property lease policy under which all new M&S stores will have ‘green’ clauses as standard enabling landlords and tenants to better manage a building’s environmental performance.

In addition, the retailer has reached agreement with members of the Better Buildings Partnership (a collaboration of London’s major commercial landlords) to ‘retro fit’ green clauses to the leases of existing M&S stores. The collaboration is the first of its kind on this scale and will see the signing of 70 retro fit agreements across sites from London to Glasgow.

The green clauses, both in new leases and retrofit agreements, will facilitate the sharing of waste information and data such as gas, electricity and water usage in M&S occupied buildings to encourage both landlord and tenant (M&S) to make significant carbon reductions. It also encourages a joint approach to investment in eco building technology such as biomass boilers, LED lighting and rainwater harvesting to further reduce building impacts and costs.

“Unfortunately, big carbon reductions from the U.K.’s building stock cannot come only from new stores,” said Clem Constantine, director of property at M&S. “Seventy percent of current commercial buildings will still exist in 2050, so if we are genuinely going to tackle the problem we have to invest in eco solutions for existing buildings.

Constantine added that it can be difficult for landlords and tenants to work together when it comes to a building’s environmental performance, particularly for older leases

“There’s often no real structure for measurement, incentives or sharing of goals,” he said. “Green leasing changes this situation as it provides the framework within which both can work together. And both will benefit, a store with a reduced environmental impact and lower costs is more marketable for landlords and more cost effective for tenants to occupy – a genuine win, win.”

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buangsila001 says:
Mar-12-2013 11:24 am

Mark and Spencer has more
Mark and Spencer has more than one thousand stores that are spread all over the world. The first british retailer to make a pre - tax profit of more than 1 million euros. - Scott Sohr

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REAL ESTATE

Dover Saddlery Retail to open first New York store

BY CSA STAFF

Littleton, Mass. — Dover Saddlery Retail, a wholly owned subsidiary of Dover Saddlery, will open its first New York store, in Huntington (on Long Island), on April 19.

The store, which will evoke the look and feel of a premium equestrian stable, will feature an extensive range of riding apparel, tack and horse care supplies from all the leading brands. The location, as all Dover Saddlery stores, will offer helmet, boot and coat fittings as well as demo saddles for test rides in a wide selection of models.

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