Latest property news – Page 29
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NewsBRC slams latest government proposals on business rates relief
The BRC has criticised the government for not doing enough to support the UK high street, after it proposed increasing retail business rates relief but not the threshold at which it would be available.
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NewsIntu sells Spanish shopping centre as it battles to balance books
Intu has completed the latest in a string of asset disposals, selling another Spanish shopping centre as it looks to turn around flagging fortunes and fix its balance sheet in the UK.
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NewsAlmost 10,000 retail jobs lost already this year
Nearly 10,000 retail jobs were lost in the first three weeks of 2020, according to industry analysts.
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NewsMarks & Spencer snaps up property director from Asda
Marks & Spencer has appointed a new property director from Asda in its second big hire to be revealed today.
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NewsIntu to raise new equity in battle to repair balance sheet
Retail property giant Intu intends to raise new equity as it seeks to fix its balance sheet.
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NewsPaphitis posts profit rise at Ryman and Robert Dyas
Theo Paphitis Retail Group has posted an uplift in earnings at Ryman and Robert Dyas, but trading has been tough at Boux Avenue.
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NewsMike Ashley’s Frasers Group urges PM to reform business rates
Mike Ashley’s Frasers Group, formerly known as Sports Direct, has written to Prime Minister Boris Johnson to push for an “urgent fundamental review” into business rates.
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NewsBeales on brink of collapse after disappointing Christmas
The heritage department store has reportedly filed notice of intention to appoint administrators as it scrambles to secure a buyer.
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NewsLush eyes former Debenhams and House of Fraser stores
Lush is considering swooping on vacant Debenhams and House of Fraser stores following the success of its large store in Liverpool.
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NewsGame set to close stores as it calls on landlords to be 'realistic' about rents
Game has said it intends to close 40 stores across the UK unless it can renegotiate rents with landlords as it blamed a “challenging retail market”.
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NewsRetail park to be converted to warehouses for ecommerce
A north London retail park has been acquired by the world’s largest warehouse company in a landmark deal that will see it converted into space for fulfilling online deliveries.
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NewsDebenhams and HMV to close swathe of stores this month
Debenhams and HMV will both shutter stores this month as the retailers grapple with rising rents and business rates.
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NewsCVAs ‘delay inevitable failure’, research suggests
Company voluntary arrangements (CVAs) are delaying “inevitable future failure” rather than helping businesses secure longer-term futures, new analysis suggests.
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NewsTopshop to close Westfield Stratford store after lease expires
Topshop in the Westfield Stratford City shopping centre is set to shut after its lease runs out.
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NewsRetail job losses reach highest level in more than two decades
Almost 150,000 retail jobs were lost in 2019 as the industry battled high costs and changing shopping habits.
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NewsSales off to slow start as Boxing Day footfall slides
Boxing Day Sales got off to a slow start yesterday for bricks-and-mortar stores as footfall declined in the early part of the day.
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NewsShoppers shun ‘Super Saturday’ as footfall declines
Footfall during the Saturday before Christmas declined year on year according to new data.
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NewsSuning to open 10,000 stores in 2020 in £4.4bn expansion splurge
Chinese retail titan Suning has revealed plans to open 10,000 new stores and create 8,000 jobs next year as part of an ambitious RMB 40bn (£4.4bn) expansion strategy.
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NewsQueen’s speech brings business rates disappointment for big retailers
Plans revealed in today’s Queen’s speech to reform business rates have prompted disappointment because of their limited nature.
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NewsWHSmith shareholders back $400m US deal
WHSmith investors have formally backed the retailer’s $400m takeover of US giant Marshall Retail Group (MRG).