Latest property news – Page 231
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Land Securities nears sale of Birmingham Bullring stake as it slims retail
Commercial property investor Land Securities is close to completing a deal to sell off its stake in Birmingham’s 1 billion Bullring centre.
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Ann Summers lifts Wigan’s Grand Arcade
Ann Summers has signed for a store at the Grand Arcade in Wigan, which means the centre is now more than 98 per cent let.
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Bolton's Market Place shopping centre unveils £40m retail extension
The extension to the Market Place shopping centre in Bolton opened last week, bringing an extra 96,415 sq ft (8,955 sq m) of retail space and new retailers to the city centre.
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London rent growth slows as credit crunch bites
London’s position as a safe haven in UK retail has weakened, according to figures published this week.
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Stoke-on-Trent scheme gets go-ahead for extension
Property regeneration specialist St Modwen has been given the green light to proceed with retail-led extension works to the Norton Park District Centre in Stoke-on-Trent.
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Leeds centre snaps up three top retailers
Three retailers have been handed the keys to new stores in the redeveloped Allders building in Leeds.
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Industry lobbies Government to improve UK planning system
The British Property Federation (BPF) has made a set of recommendations to the Government to make the UK planning system more efficient.
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Inflation climbs to 4.7 per cent in August
The annual rate of inflation rose to 4.7 per cent in August, an increase on the previous month’s 4.4 per cent rate, following hikes to food and energy bills.
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Retailers and landlords battle out monthly rents debate
Discussions took place between landlords and retailers this week to try to move closer to a ceasefire over the issue of monthly rentals.
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Irish retail at saturation point
The Irish retail market could be completely saturated by 2015 if pipeline developments proceed as planned.
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BRC slams expected business rates rise
The British Retail Consortium has hit out at the Government for failing to protect retailers from extra costs being piled onto the industry following a report suggesting that business rates will increase by 16 per cent from April 2010.
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Liverpool’s Clayton Square set to grow
Land Securities has started work on the first phase of investment in Liverpool across two shopping centres in the city centre.
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Staines centre submits plans for extension
Elmsleigh Shopping Centre in Staines could benefit from a third phase of extension, following an application to Spelthorne Borough Council by Clerical Medical Investment Group.
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Orange begins expansion drive
Mobile phone giant Orange has kick-started its latest phase of store roll-outs in the UK with the opening of its second outlet in Southampton last week.
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Retail acquisitions likely in Central Europe as credit crunch bites
The impact of the credit crunch and inflation is threatening to pitch emerging retailers in Central and Eastern Europe into difficulties, providing acquisition opportunities for Western groups.
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Asda to open five Asda Living stores this year
Asda will open a further five Asda Living stores across the UK this year, bringing its total to 21.
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Urban Outfitters set to bring Anthropologie to Regent Street
US fashion retailer Urban Outfitters is poised to bring its sister brand Anthropologie to London’s Regent Street, sending a clear signal that the UK remains an important European launch pad despite the slowdown in the economy.
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Christmas in the balance
Sector braced for toughest season since the 1980s, with December like-for-like drop expected.
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Delayed Newbury centre finally given green light
Standard Life and Shearer Property Group have given the Parkway scheme in Newbury the go-ahead after a string of delays following questions over the project’s viability.
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Hob snaps up store at Leeds’ Clarence Dock
Culinary retailer Hob has taken its third UK store and its second outside London as part of a raft of signings to Clarence Dock in Leeds.