Latest property news – Page 205
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NewsBlockbuster in rent renegotiation talks
Blockbuster is understood to be working with restructuring firm KPMG on negotiations with more than 600 landlords as part of cost cutting plans.
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NewsTesco to launch property website
Tesco is expected to go head to head with estate agents within weeks with the launch of a property website, allowing home owners to advertise their properties for a flat fee of around £200.
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NewsAsda on a mission to take crown in non-food using etail and home
Asda is gunning to be the UK’s number one retailer in non-food in the next five years, and intends to hit its target by growing online and opening more Living stores.
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NewsNewcastle’s Eldon Square opens
The £170m extension to Newcastle’s Eldon Square shopping centre opened this week.
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NewsPast Times plans store and online expansion
Gifts retailer Past Times is hunting for new stores and will ramp up its online offer this year.
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International still the future for Abercrombie & Fitch
US fashion retailer Abercrombie & Fitch said that overseas expansion remains “the future” for its brands as global operations continued to prop up its struggling US arm.
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NewsNewcastle’s Eldon Square opens £170m extension
The £170m extension of Newcastle’s Eldon Square shopping centre opens today introducing new retailers to the city along with key flagship stores.
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NewsHome Bargains launches £25m Northern Ireland expansion programme
Value retailer Home Bargains has launched a £25m expansion programme under which it will open in Northern Ireland for the first time.
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NewsDutch fashion player McGregor launch for UK
Upmarket Dutch sportswear retailer McGregor is on the hunt for its first UK stores.
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NewsPeterborough Garden Park opens this week
Garden Park Investments’ £25m Peterborough Garden Park opened its doors this week.
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NewsNext to anchor delayed Leeds scheme
Next has signed for an anchor store in the planned Trinity Leeds development, where it will open one of its largest shops.
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NewsSuits You offers better terms to secure CVA
Suits You owner Speciality Retail Group’s proposed company voluntary arrangement is expected to be backed by landlords as the retailer attempts to offer more amenable terms than previous CVAs.
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Retail landlords urged to contribute to BIDs
Landlords and developers should contribute to Business Improvement Districts (BIDs) as well as the retailers that occupy their buildings, leading figures from both the retail and property sector said this week.
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NewsScottish retailers ‘hindered by business rates policy’
Retailers in Scotland will be harmed by the Scottish Government’s failure to introduce business rates transitional arrangements, according to the Scottish Retail Consortium.
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NewsNo new developments in pipeline for British Land
The UK’s second-biggest landlord British Land said it has no imminent plans to begin any new property developments as it revealed strong figures for its third quarter.
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NewsShop vacancies rise to 12% across UK
Shop vacancies have increased to 12.4% in the six months to December 31, compared with 10% in the previous six month period.
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NewsIncrease in CVAs expected
Further company voluntary arrangements (CVA) are expected in the next few months as the lagged impact of the recession takes effect, restructuring expert KPMG said.
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NewsJohn Lewis to invest a further £7.5m in home format
John Lewis will open its second home store, John Lewis at home, in Croydon in the autumn and has committed to investing a further £7.5m in the format.
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NewsFocus DIY asks for rent holiday as snow hits sales
Focus DIY has asked landlords for a rent holiday as the snow last month hit sales.
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Système U widens its network
Système U president Serge Papin told French trade magazine LSA that 2009 was one of the best years for the group, with the retailer adding 1.6 million sq ft to its network.Net sales were up 3.3% (excluding fuel) to E14.5bn (£12.66bn). Papin claimed that the company was the only retailer ...