Latest property news – Page 227
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Kingfisher demands monthly rents for all retailers
Kingfisher, owner of the B&Q DIY chain, will this week ask landlords to offer monthly rental deals to all retailers - not just those in trouble.
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Dearth of applications for new store projects as retailers reduce spend
Planning applications for new stores or refurbishments were 63 per cent lower on average in November in the major UK city centres than a year before as retailers rein in costs in the tough economic climate.
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Bailiffs on alert as landlords fear for rents
An army of bailiffs has been put on standby by the UK’s largest landlords as they expect a raft of retailers will fail to have funds in their bank on Christmas Eve to meet their quarterly rent deadline on December 25.
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Hammerson submits Southampton plans
Hammerson has put in an application to develop a mixed-use scheme in Southampton.
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Shopping centre pipeline dries up
The amount of UK shopping centre space in the pipeline has dramatically decreased and could take up to five years to pick up, a CB Richard Ellis study has claimed.
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Tesco opens 100th store in Turkey
Tesco has today opened its 100th store in Turkey, just five years after entering the market when it bought a chain of five hypermarkets.
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Landlords offer olive branch on service charges
The landlords’ trade body the British Property Federation has called on its members to keep service charges down for retail tenants.
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Westfield triggers fury as fit-out incentives withheld
A new row has broken out between retailers and developer Westfield, this time with retailers alleging that the Australian developer is unfairly withholding promised contributions to store fit-outs.
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Relief for Mosaic as it wins monthly rents concession
Deal will bring cash flow benefits for fashion giant Mosaic over the crucial Christmas trading period.
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New rates bill could increase retailers' costs further
Retailers could be facing new tax costs from local authorities who use powers they are set to gain under the Business Rates Supplements Bill which was announced after the Queen’s Speech today.
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Tach hits West End
Luxury Russian jewellery brand Tach is preparing to open its first worldwide standalone store in London’s West End.
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BCSC heralds retail planning process reform
The British Council of Shopping Centres (BCSC) has welcomed the findings of a Government report, which it says will help speed up the planning process in retail.
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Card Factory snaps up Celebrations stores
Card Factory has bought 76 stores from greetings card retailer Celebrations, which fell into administration in October.
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Smaller retailers toast rent triumph
Smaller retailers are celebrating an agreement with landlords that allows them to pay rents monthly without incurring a financial penalty.
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NewsWoolworths circled by potential buyers
Potential buyers have come flooding in for both Woolworths’ stores and for the business as a whole.
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Macclesfield renewal plans submitted
Plans have been submitted to transform the centre of Macclesfield, Cheshire, with a major mixed-use scheme.
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More American Apparel stores to open in UK
American Apparel has taken two further stores to open before Christmas as part of its plans to open eight additional stores in the UK over the next year.
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Oxford Street site gets go ahead
Developer Salmon Harvester is to make a speculative start on a 35 million retail scheme on Oxford Street after planning permission was secured for the redevelopment of numbers 175 to 195.