Retail
Amazon is considering purchasing, as well as leasing, logistics and industrial properties in Europe, with the UK and Germany remaining its core northern European markets. Speaking at Bisnow’s UK Industrial and Logistics Conference, Amazon’s Tudor Baidoc said the company continues to prioritise locations close to major population centres and labour pools, while access to power is becoming increasingly important due to automation and fleet charging needs. Panellists noted that UK industrial investment reached a three-year high of £10bn in 2025, but 2026 has started more slowly, with Q1 volumes down 15% year-on-year to £1.9bn and yields rising around 25 basis points to roughly 5%. Despite weaker investment activity, limited new development is expected to continue supporting rental growth, while the gap between prime and secondary yields may create opportunities to refurbish older assets and re-let them at higher rents (Bisnow, 23 June 2026).
H&M reported weaker-than-expected quarterly trading, with net sales falling to SEK 54.8bn for the three months to 31 May 2026, compared with SEK 56.7bn a year earlier. Operating profit was broadly flat at SEK 5.9bn, while the group incurred SEK 679m of restructuring costs as tighter inventory management limited its ability to meet some customer demand (Retail Gazette, 26 June 2026).
TGJones owner Modella Capital has offered landlords an increased share of future revenue in an attempt to secure support for a controversial restructuring plan. The proposals include closing up to 150 stores, paying no rent at 120 sites for three years and reducing rents at hundreds of others by up to 75%. After landlord opposition, Modella has revised its offer to share 50% of any upside if TGJones’ annual turnover reaches £40m within three years, compared with the previous 25% share at a £47.5m threshold. It has also promised store investment, including LED lighting, repairs and hardware upgrades. However, landlords including British Land, Landsec, M&G and NewRiver REIT have objected, with the plan due before the High Court on 29 June 2026. The ruling could become an important test case for UK retail restructuring plans, particularly where proposals are viewed as placing a heavy burden on landlords (Property Week, 22 June 2026).
Logistics
FM Logistic has signed an agreement to acquire a majority stake in German logistics provider Schäflein, marking its entry into the German market and supporting its ambition to become a leading pan-European logistics player. Schäflein’s current management team will retain leadership roles and an equity stake, while the Schäflein brand will be maintained for the foreseeable future. The deal is expected to support growth by serving FM Logistic’s international customers in Germany, connecting transport networks, expanding Schäflein beyond Bavaria and strengthening FM Logistic’s industrial offering across Europe, although completion remains subject to customary conditions, including clearance from the German Federal Cartel Office (Parcel and Postal Technology International, 22 June 2026).
Office
Bauer Media Group has expanded its London HQ presence with additional space at Lazari’s The Lantern in Euston and a new letting at Maple House on Tottenham Court Road, creating a central London campus across the two buildings. The media group has taken a further 5,044 sq ft at The Lantern, increasing its total space there to 52,668 sq ft plus 5,659 sq ft of outdoor space, alongside a second-floor letting at Maple House, bringing together Bauer’s audio, outdoor and publishing operations, including Absolute Radio, Greatest Hits Radio, Kiss, Magic Radio, Grazia, Heat and Closer. Lazari said the expansion follows continued investment in technical and broadcast infrastructure to support Bauer’s long-term growth (Property Week, 23 June 2026).
