Lxb Retail Properties Share Discussion Threads

[winsome147] 14/9/2015 09:56

I thought this company was gradually winding down?? Yet today they announce they have made a major acquisition.

[redhill9] 14/9/2015 08:02

Good announcement this morning - now we know why the share price improved late last week.....




Completion of contracts with IKEA and new investment at Greenwich
LXB Retail Properties Plc, the Jersey resident closed-ended real estate investment company focused on edge of town and out of town retail assets, is pleased to announce that a number of contracts have been concluded which will significantly reshape the Group's investments at Greenwich. (continues)

[badtime] 11/9/2015 17:37

Bid was 86p at one stage

[mad foetus] 11/9/2015 16:56

Big 175k trade at 82p. Could that be the long term seller exhausted?

[badtime] 10/9/2015 14:04

That must be so annoying for you Tilts :)You don't fancy paying current price then ?OT What about picking up more in LSR?

[mad foetus] 10/9/2015 11:50

chart starting to look much healthier and we must be getting close to some more news. let's see if the day's gains can be held or extended though.

[tiltonboy] 10/9/2015 11:28

I'm trying to pick stock up, and somebody keeps bidding-up ahead of me.

[badtime] 10/9/2015 11:24

We do seem to be nudging up

[eeza] 08/9/2015 08:37

Only in so far as 1 swallow makes a Summer.

[mad foetus] 08/9/2015 08:35

hmm, can't get too excited but is there a sign that the chart is turning up?

[mad foetus] 04/9/2015 09:46

thanks yupa. it would be good to get some news on the truro site: can't believe that with the support it has it won't succeed.

[yupawiese2010] 04/9/2015 09:19

Thanks eeza.

mad foetus the additional requested floor space was for Primark.

[mad foetus] 04/9/2015 08:36

Thanks eeza - I think it is fairly clear that UK planning regulations are being relaxed and that can only be positive for LXB. The parking and cycle spaces are very minor, which makes me think the 4% increase in floor space may be in response to a specific tenant's request. The next couple of months should be interesting, lots of upside here, just need news.

[eeza] 03/9/2015 22:12

From the same source as your link:-


Council backs changes to retail and leisure park approval

3 September 2015 by Greg Pitcher , Be the First to Comment
Changes to a planning approval for a proposed mixed-use leisure and retail scheme in the East Midlands, including an increase in proposed retail space, have been approved by councillors.
Rushden Lakes: scheme approved by Eric Pickles last year
Rushden Lakes: scheme approved by Eric Pickles last year

East Northamptonshire District Council’s planning management committee granted consent to an application to vary the conditions of developer LXB Retail Properties’ Rushden Lakes development.

An application for development on the brownfield site near the A45 was first approved by the communities secretary in June 2014.

This included outline permission for a hotel, crèche and leisure club along with full permission for a home and garden centre, retail units, restaurants, a visitor centre and other amenities.

The latest changes would see a 4 per cent increase in floor space to just under 44,500 square metres as well as five extra car parking spaces, 12 new cycle spaces and further minor amendments.

A planning report recommended that permission be granted subject to conditions and completion of a legal agreement.

It said that neighbouring Kettering Borough Council had objected to the latest changes claiming they would be contrary to emerging local planning policies in relation to retail space and did not constitute "a minor material amendment".

But the report said that planners were satisfied that the proposed changes to the approved scheme "are acceptable in terms of retail planning policy".

It also said that the emerging local planning policy would be updated to take account of the latest approval’s increase in retail space.

The council said that in reaching its latest approval it had "implemented the requirement in the National Planning Policy Framework to deliver sustainable development in a proactive and positive way in accordance with paragraphs 186 and 187".

[yupawiese2010] 03/9/2015 21:56

Rushden Lakes

Subscription required.



Does anybody else have another link !!

[eeza] 28/8/2015 22:20

Yeah....but......this time next year Rodney.

[badtime] 28/8/2015 20:42

500k trade at 78p reported...hmmm

[portside1] 17/8/2015 15:22

well I have looked at the company web and rns and find them worth less to private investors it now appears that you have to have inside info via directors to get the info to invest . because private investors can not find
it on the company web site.

[mad foetus] 13/8/2015 13:57

No, but I am fairly sure that if they got permission to turn Hyde Park into a giant lard-based theme park it wouldn't affect the share price Nothing seems to.

[winsome147] 13/8/2015 13:21

Anyone got an opinion of the future NAV should the Higher Newham planning get turned down again. Its already been refused twice in the past. Once more and I think they'll have to give up on that one.

[mad foetus] 12/8/2015 11:30

does anyone have any idea of the sort of rents Primark will be paying? I would have thought the 100,000 sqft let at Rushden would be generating pretty sizeable income post-completion but what is the ballpark for this sort of property? £30 psf?

In any event, it is another step towards the endgame.

"Importantly, in early 2016 we also expect to have satisfied all the conditionality to allow the completion of the sale of the Rushden Lakes investment to The Crown Estate. That would have a major influence on NAV. We expect, conservatively, to receive cash of approximately GBP70m at completion at which point we would expect to recognise increased NAV of at least GBP19.5m compared with the 31 March 2015 balance sheet value. The Rushden Lakes announcement on 7 April 2015 referred to potential additional value from the second and third phases of Rushden Lakes. It is still too early to provide a meaningful view on the potential value of that, but we would expect to be able to offer much greater clarity by the time the sale to The Crown Estate completes. We believe there is potential for significant additional returns."

[portside1] 12/8/2015 11:25

yes invests will start to buy