Completely Retail News

Waitrose has announced a multimillion pound investment into its London store estate, as the retailer opens its 62nd store in the capital.

The supermarket chain said it would be funding renewed convenience shops in Crouch End and Old Brompton Road, as well as upgrading its store in Coulsdon before the end of the year, with further transformations scheduled for the first quarter of 2026.

CBRE Investment Management (CBRE IM) has placed a cinema in Streatham, South London on the market with an asking price of £6.5m, representing a 7% net initial yield.

Located on Streatham High Road, the cinema comprises eight screens with 1,364 seats arranged within a 47,143 sq ft building.

The property is let to Odeon Cinemas on a 25-year lease expiring in June 2038, offering a term of 13.3 years. The operator also has an option to renew the lease for another 10 years at expiry.

Wingstop has announced its biggest opening pipeline since launching in the UK in 2018, with plans to open over 20 sites in 2025.

The chicken wing restaurant chain has already confirmed at least 10 openings by the end of the first half of the year, including dine-in restaurants in Swansea, Newcastle, Lakeside, Streatham, and Cardigan Fields, as well as a delivery kitchen in Brighton.

Wingstop UK currently operates 57 sites in the UK.