Latest property news – Page 212
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NewsProperty chiefs slam CVAs
Property industry chiefs including Westfield’s Peter Miller have slammed Company Voluntary Arrangements and plans to introduce Chapter 11 style bankruptcy protection for UK companies.
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NewsRetailer wanted to run London 2012 stores
Retailers are being invited to tender for a contact to operate London 2012 stores in the run-up to the Olympics.
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NewsTesco unveils sale and leaseback
Tesco has carried out a new sale and leaseback transaction worth £514m in the latest phase of its ongoing programme to release value from its UK property portfolio.
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NewsNext launches branded sportswear departments
Next is introducing branded sportswear shop-in-shops into its stores.
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NewsBorders demands switch to monthly rent payment
Borders UK has written to landlords demanding an immediate switch from quarterly to monthly payments as September’s quarterly rent day hit.
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NewsBoots eyes more drive-throughs after trial success
Boots is to expand its drive-through pharmacy business on the back of soaring sales at its trial location.
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NewsInditex store expansion assault pushes UK operation into loss
The UK subsidiary of Spanish fashion giant Inditex has plunged into loss after investing heavily in developing the business.
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NewsGIVe debuts on Regent Street
Fashion entrepreneur George Davies opened his first GIVe store on London’s Regent Street on Wednesday.
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John Lewis Cardiff sales ahead of target
John Lewis opened its 28th branch last week in Cardiff and reported that sales soared 20% ahead of target on opening day.
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NewsRegent Street Festival draws large crowds
More than 600,000 shoppers converged on Regent Street last weekend for the annual Regent Street Festival.
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NewsRetailers get business rates revaluation
Retailers are able to discover how much they will be charged in business rates today after the Government revealed its revaluation rates.
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NewsBlacks to seek exits on store leases
Blacks Leisure is to contact landlords over the coming weeks to seek exits from the leases on the stores it intends to close, and could agree a company voluntary arrangement by November.
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NewsTesco retreats from Holmfirth superstore plan
Plans for a Tesco superstore in the West Yorkshire town of Holmfirth, home of the BBC comedy series Last of the Summer Wine, have been axed after a campaign by residents and local independent retailers.
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NewsHabitat takes store at Liverpool One
Furniture and homewares retailer Habitat has signed for a store in shopping centre Liverpool One.
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NewsTesco ‘in talks to sell £400m property portfolio’
Tesco is reportedly in talks to sell a £400m portfolio of properties to a newly formed investment company seeking to take advantage of the opportunities of the recent falls in the value of UK commercial property.
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NewsRetailers to be hit by local car park tax
Retailers may be forced to pass on a new “shopping tax” to customers under new plans by local authorities to charge for parking spaces.
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NewsOriginal Factory Shop commits to 400-store expansion as sales rise
Value retailer Original Factory Shop has recorded a 27.1% rise in pre-tax profits to £9.7m in the year to March 29 as it lays out plans for 400 stores within five years.
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NewsWaterstone’s signs prime location on Oxford Street
Waterstone’s is to return to the east end of Oxford Street as it prepares to open a store next month, close to where shop rival Borders closed in July.
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NewsHome Bargains to double stores as it speeds to £1bn sales target
Value retailer Home Bargains plans to smash its £1bn revenue target two years earlier than expected, after reporting record sales and earnings in its full-year accounts.
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NewsTopshop opens second largest store at Liverpool One
Topshop opened its second largest store in the UK last week at Liverpool One, attracting queues of shoppers.