Latest property news – Page 6
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NewsJohn Lewis reveals plans to turn former warehouse into homes for rent
The John Lewis Partnership (JLP) has submitted plans to turn a former distribution centre in Reading into rental housing.
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NewsDobbies likely to seek rent cuts as restructuring advisers drafted in
Garden centre group Dobbies is working on restructuring proposals that may lead to store closures and rent reductions.
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NewsAugust retail footfall has seen a ‘marginal’ rise despite summer holidays and UK riots
Retail footfall in August saw a “marginal” uplift in a month that usually sees shoppers on summer getaways.
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NewsLandsec is transforming a former Debenhams unit into an outdoor park
Institutional landlord Landsec has submitted plans to invest £17m to transform a former Debenhams unit into an outdoor space at St David’s shopping centre in Cardiff.
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NewsSosandar agrees a deal for a Metrocentre store
Fashion brand Sosandar has reached an agreement to take a store at the Metrocentre which will be open in time for the key festive trading period.
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NewsWHSmith unveils its new Smith’s Kitchen format to take a bite out of the food-to-go market
WHSmith has today launched its brand new Smith’s Kitchen store format from its UK travel business.
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NewsAn indoor adventure park is to open in a former John Lewis store
A specialist leisure business to take space formerly occupied by department store group John Lewis.
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NewsBoohoo is mulling the sale of its London office
Fast-fashion giant Boohoo is reportedly eyeing a sale of its London office.
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NewsSephora has revealed the location for its seventh store in the UK
French cosmetics giant Sephora is expanding deeper into the UK and has announced its seventh store is due to open this winter.
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NewsBritish Land taps into ‘significant growth market’ with first ever healthcare leases
British Land has leased over 10,000 sq ft of space to healthcare providers for the first time at its Crownpoint Retail Park in Greater Manchester, Retail Week can reveal.
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NewsJohn Lewis has won support for build-to-rent housing scheme
John Lewis Partnership has won approval for a build-to-rent housing scheme, which had previously stoked controversy.
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NewsHammerson has posted growth in rental income and ‘capability’ in wake of Bicester Village sale
Hammerson, which owns and operates shopping centres including Birmingham’s Bullring and London’s Brent Cross, has posted a rise in rental income and “increased capacity and capability” after selling its £1.5bn stake in Bicester Village.
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NewsCarpetright: full list of stores rescued from administration by Tapi
Tapi has swooped in to buy rival Carpetright in a multimillion-pound deal but has selected just 54 stores to take over from the retailer.
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NewsLandlord Hammerson sells Bicester Village to LVMH-backed private equity firm
Landlord Hammerson has sold its entire stake in Value Retail, the owner of Bicester Village luxury retail park in Oxfordshire, in a £1.5bn deal, which it said would generate around £600m in cash proceeds.
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NewsAirport retailers could see a boost in sales if global IT outage continues
Retailers operating in airports could end up receiving a boost in sales and footfall if the IT outage causing havoc around the world continues.
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NewsThe King’s Speech has set out action on retail crime, HFSS and workplace rights
The new government has unveiled 40 bills in today’s King’s Speech, including setting out planning to introduce legislation on retail crime, HFSS and banning “exploitative” working practices.
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NewsMarks & Spencer kicks off c-store renewal programme with Liverpool Street overhaul
Marks & Spencer is to refresh a swath of convenience stores and open more in pursuit of growth in that market.
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NewsPlanning reform is ‘essential’ for improving retail footfall, says BRC
Planning and business rates reform is “essential” for retail footfall recovery in the medium and long term, and would help town and city centres “thrive”, according to the British Retail Consortium.
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NewsConservatives reintroduce Criminal Justice Bill reform in manifesto launch
The Conservatives have committed to reintroducing certain legislation that was interrupted by the dissolution of Parliament, including proposed changes to the Criminal Justice Bill.
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NewsMajor retail landlord calls for rates review by next government
British Land head of asset management for retail parks, Matt Reed, has told Retail Week more needs to be done to deal with business rates.