Latest property news – Page 222
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Westfield falls short of Next’s expectations
Next chief executive Simon Wolfson said that its Westfield London shop has so far performed below expectations and that the scheme has had less of an impact on its West End shops than it anticipated.Wolfson said Next, which this week reported like-for-like sales down 6.5 per cent in the full ...
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Gap signs for first store in Republic of Ireland
US fashion retailer Gap has signed for its first store in the Republic of Ireland, in Dundrum Town Centre shopping centre in Dublin.
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NewsRetailers and landlords join forces to cut service charges
A consortium of some of the country’s top retailers and landlords has produced guidelines for landlords laying out ways they can cut retailers’ service charge bills by up to 20 per cent.
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Government defers 5% business rates rise
Chancellor Alistair Darling has modified plans to increase business rates by 5 per cent tomorrow.
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Council offers free parking on high street
Kensington and Chelsea Council is offering free parking to shoppers every Saturday in April.
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Three more retailers on board at St David's 2
Three retailers have signed up for space at St David’s 2 in Cardiff.
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Jessops wins concessions on swathe of properties
Jessops renegotiated rental terms with half its landlords by Wednesday’s quarterly rent day, which was the retail sector’s toughest payment day in 18 years.
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Westfield standstill ‘choking’ Bradford
Delays to starting construction work on Westfield’s shopping centre project in Bradford are decimating the town, according to one of the local MPs.
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JJB sets out plans to secure future after gyms disposal
JJB Sports has today announced plans to propose a Company Voluntary Arrangement (CVA) to its creditors to help secure the financial future of its core retail business.
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Today's rent day is 'harshest for 18 years'
Today’s quarterly rent payment will be the harshest for at least 18 years, the British Retail Consortium has warned.
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Jessops says it will pay quarterly rent bill
Jessops has said it will have no problem meeting its quarterly rent bill that is due this week after speculation cast doubt on the retailer’s ability to pay.
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Card Factory adds six stores
Greetings card retailer Card Factory has added six stores to its portfolio, bringing its count to 486.
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Rotherham council to support retail rent payments
A scheme to encourage retailers to take space in Rotherham has been launched enabling new businesses to have part of their rent paid by the council.
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Robert Dyas calls for landlords to cut rents
Hardware retailer Robert Dyas has asked its landlords for rent reductions as it seeks to cut costs across its store portfolio.
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Morrisons wins Retailer of the Year for second year running
Morrisons was again named Retailer of the Year last night at the Oracle Retail Week Awards .
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Business rates rise is 'complete madness' says Boots UK head
Alliance Boots health and beauty chief executive Alex Gourlay has slammed the Government over its proposals to increase business rates, branding the rise as 'complete madness'.
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Business rates raise is 'complete madness' says Boots UK head
Alliance Boots health and beauty chief executive Alex Gourlay has slammed the government over its proposals to increase business rates payments for retailers, branding the rise as 'complete madness'.
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Shopping centre development ailing in most of UK
London and the East Midlands are the only two regions in the country not to have been affected by delays to the shopping centre development pipeline, according to researcher CACI.
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Next refuses to pay all of Westfield's service charges
Fashion retailer Next is refusing to pay part of its service charge at Westfield London after the property developer increased its fees within days of the shopping centre opening.