Latest property news – Page 24
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NewsLandlords bank on retail recovery despite falling rent collections
In separate updates today, institutional landlords Hammerson and British Land have outlined hopes for a retail recovery despite struggling to recoup rents for the most recent quarter.
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NewsBensons for Beds bought by Alteri in pre-pack deal
Bensons for Beds and stablemate Harveys have fallen into administration, with the former being bought out by previous owners Alteri in a pre-pack deal.
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NewsPensions giant pushes for Intu Trafford Centre sale
A pensions group that took control of the Trafford Centre when owner Intu collapsed on Friday hopes to secure a speedy sale of the trophy mall.
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NewsIntu slumps into administration but confirms centres will stay open
After long-running talks with creditors failed last night, Intu has finally slipped into administration but confirmed its shopping centres would continue to trade for the time being.
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NewsIntu administration looms as financing talks fail
Embattled retail landlord Intu has said it is ‘likely’ to appoint administrators as negotiations with its lenders stall.
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NewsJD Sports buys Go Outdoors back out of administration
JD Sports has bought its subsidiary Go Outdoors back for £56.5m in a bid to renegotiate better rents with landlords after putting the business into administration earlier this week.
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NewsLandlords brace for worst quarterly rents day
Retail landlords are bracing for what could be the worst quarterly rent day ever, when what is paid could be as little as 10% of what is owed.
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NewsCoronavirus: Pubs set to reopen next month as 2m distancing rule relaxed
The government will ditch the two-metre social distancing rule from July 4 as it allows businesses including pubs, restaurants and hairdressers to reopen.
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NewsShoe Zone swings to half-year loss as it closes 20 stores
Shoe Zone has reported a half-year loss and a fall in sales as it unveils plans to reduce the size of its store estate to cut costs.
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NewsSunday trading reform doomed as MPs line up in opposition
Plans to liberalise Sunday trading hours for big stores such as supermarkets look likely to be abandoned in the face of parliamentary opposition.
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NewsIntu puts administrators on standby as rescue talks continue
Troubled retail property group Intu has lined up administrators in case talks with creditors fail.
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NewsBan on high street evictions extended until the autumn
The government has extended its ban on evictions of high street businesses over non-payment of rents until at least the autumn.
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NewsWestfield House of Fraser to become co-working space
The owner of the Westfield London White City shopping centre has set out plans to turn the House of Fraser store there into a co-working space in a bid to create a more mixed-use destination.
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NewsStores to still drive 80% of retail transactions by 2025
Despite the growth in popularity of ecommerce and the effects of the coronavirus lockdown, new research has found that physical stores will still heavily influence retail transactions.
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NewsShops in Scotland to reopen from June 29
High street retailers will be allowed to reopen stores in Scotland from June 29, though the measures announced by the first minister mean shopping centres must remain shut.
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NewsIn pictures: Primark and Sports Direct drive footfall as non-essential retail reopens
Retail destinations across England saw footfall numbers soar on the day that non-essential retailers were allowed to reopen stores, with queues forming for the likes of Primark, H&M and Zara.
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NewsRetail footfall to suffer ‘for some time to come’, BRC warns
Footfall to retail locations will continue to suffer “for some time to come”, the British Retail Consortium (BRC) has warned, despite non-essential shops reopening their doors today.
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NewsRetailers to reopen today after three months in lockdown
Retailers across England will reopen their doors today for socially distanced shopping after almost three months in lockdown.
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NewsUK economy suffers worst-ever slump during coronavirus lockdown
The UK economy suffered its worst-ever collapse during April as the coronavirus lockdown wiped out a fifth of GDP.
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NewsDebenhams closes more stores after failing to agree terms with Intu
Department store chain Debenhams has confirmed the closure of a further three stores after failing to agree to terms with institutional landlord Intu.