Latest property news – Page 34
-
NewsHammerson eyes leisure and co-working space as future anchors
Hammerson is looking to leisure concepts, contemporary fashion brands and co-working space as future anchors for its flagship schemes, as it continues to alter its tenant mix away from retail.
-
NewsHammerson hit by retail CVAs and administrations
Rental income at retail property giant Hammerson’s top destinations has slid as retailers’ woes undermined performance.
-
NewsPrimark demands rent cuts as rivals benefit from CVAs
Primark is calling on landlords to slash rents by 30% as other retailers cut their property costs through CVAs.
-
NewsHouse of Fraser closures loom as Ashley’s Sports Direct takes hit
Sports Direct has laid bare the scale of problems at House of Fraser, the department store business it bought out of administration last year, as it posted a fall in full-year earnings.
-
NewsAgenda: Next, Pets at Home and Travis Perkins update
Retail Week looks ahead to the next seven days with updates from Next, Pets at Home, Travis Perkins, Hammerson and Intu all on the agenda.
-
NewsDemand for retail property in London plummets
Demand for retail property in London is approaching lows last seen after the 2008 financial crash, according to new research.
-
NewsUK retail industry conditions on brink of all-time low
The health of the UK retail sector is on the cusp of hitting record lows as businesses battle “some of the toughest trading conditions they have experienced”.
-
NewsSports Direct drops Debenhams CVA challenge
Sports Direct has withdrawn its legal challenge to Debenhams’ CVA – but will continue to fund the objection lodged by one of the department store chain’s landlords.
-
NewsLego to open two new UK stores this year
Lego is set to open two new stores in the UK this year, both at flagship shopping centres owned by Hammerson.
-
NewsHomebase rescues Bathstore from administration
Homebase has rescued Bathstore from administration, taking on more than 40 of its stores and saving 154 jobs.
-
NewsBen Sherman owner eyes Jack Wills acquisition
The owner of fashion label Ben Sherman, Marquee Brands, is among those eyeing a potential acquisition of troubled Jack Wills.
-
NewsWaitrose offloads seven stores putting 700 jobs at risk
Waitrose & Partners is to pull down the shutters on seven branches as it focuses on profitability, affecting almost 700 employees.
-
NewsArcadia and Topshop CVAs challenged by property group
The CVAs of Arcadia Group and Topshop Topman face opposition from a US property owner.
-
NewsUK retailers suffer ‘summer slump’ as footfall falls in June
UK retailers suffered a tough start to summer, as footfall dropped across high streets and shopping centres, though retail parks saw a marginal uptick.
-
NewsData: Physical stores ‘halo effect’ boosts online sales
New research shows that retailers without a bricks-and-mortar presence experience much lower sales in areas where competitor retailers maintain physical stores.
-
NewsArcadia eyes footwear brand to fill prime Oxford Street site
Arcadia has lined up an American footwear brand to fill its prime Oxford Street site that was formerly occupied by its Miss Selfridge brand.
-
NewsGreen’s overseas assets targeted by pensions watchdog
Sir Philip Green’s overseas assets could be plundered by The Pensions Regulator as it bids to secure payments promised to the Arcadia pension scheme.
-
NewsTesco to launch 750 c-stores in Thailand expansion push
Tesco is preparing to fire the starting gun on an ambitious expansion plan in Thailand that will see it open 750 convenience stores over the next three years.
-
NewsMonsoon Accessorize CVA passed by creditors
Monsoon Accessorize’s CVA has been passed by its creditors, paving the way for hefty rent reductions at around half of its stores.
-
NewsDay turns screw on Bonmarché by imposing offer deadline
Philip Day, owner of the Edinburgh Woollen Mill Group, has put a deadline on his his offer to buy Bonmarché over concerns about its ability to operate as a going concern.