Latest property news – Page 236
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Crunch helps retailers improve lease terms
Retailers are using the downturn to take advantage of driving better terms from their landlords, according to research from the CBI and property agent GVA Grimley.
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Morrisons to exploit surplus space for non-food retailers
Morrisons has become the latest of the big supermarkets to exploit its property portfolio with plans for non-food retail developments on parts of its sites.
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Wilkinson to open first store in Scotland
Value retailer Wilkinson is to take its discount offer north of the border with the opening of its first store in Scotland this autumn.
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Liverpool One opens
Grosvenor’s 1 billion retail, leisure and residential scheme Liverpool One opens its doors today.
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Primark set to triple its size in Telford
Value fashion retailer Primark has signed a deal with Telford Shopping Centre owners Hark Group and Apollo to triple the size of its store in the West Midlands centre as part of the joint landlords’ redevelopment plans.
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American Apparel to open in Camden Town
US fashion retailer American Apparel is set to roll out its latest London store in Camden Town.
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BRC’s Robertson voices concern at new local levy
Retail property experts have warned that legislation due to come into effect this autumn giving local authorities greater control over business rates could make retailers vulnerable to excessive charges.
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Gap expands into Russia
Gap has signed a franchise agreement to expand into Russia with both its Gap and Banana Republic brands.
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Gola Classics makes its mark on Carnaby Street
Sports brand Gola Classics has opened its first standalone UK store on London’s Carnaby Street as part of its expansion programme here and oversees.
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Hatfield’s Galleria lands trio including Wonderbra
Land Securities has signed three new fascias to the Galleria in Hatfield.
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NewsFat Face adds eight stores as UK expansion gathers pace
Outdoor lifestyle clothing retailer Fat Face has boosted its store portfolio with a raft of new signings as part of an ongoing expansion programme.
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OKA has designs on rapid growth
Furniture and interiors retailer OKA is seeking to open up to 20 stores in the next three years, as it bucked the downturn to post a 28 per cent increase in like-for-like sales for the 13 weeks to March 29.
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New Heights enters administration
Upmarket furniture retailer New Heights has collapsed into administration, the latest furniture retailer to fall victim to the tough economic climate.
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DSGi to slash store count
Electricals giant DSGi is expected to cut its dividend and announce the closure of up to 200 of its 700 stores in the first stage of new chief executive John Browett’s strategic review this week.
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Bolton’s Victoria Plaza scheme gains four more
Bolton’s Victoria Plaza development has secured four additional tenants.
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Lush on mission to double UK stores after 30% rise in profits
Handmade-cosmetics retailer Lush will forge ahead with its expansion plans after posting a 30 per cent uplift in group pre-tax profits to 10.3 million.
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Vision Express acquires 75-store rival
Vision Express has added 75 stores to its portfolio with the acquisition of Batemans Opticians parent company GC Bateman.
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St David’s extension signs seven
The St David’s Partnership, a joint venture between Land Securities and Capital Shopping Centres, has secured seven new retailers to the next phase of its shopping centre development in Cardiff.
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Bravissimo heads for Milton Keynes
Lingerie retailer Bravissimo is to open its first regional shopping centre store at The Centre:MK in Milton Keynes.
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Bluewater tenants call for nil increase at rent reviews
Retailers at Bluewater shopping centre are demanding that their rents are not increased in their second review at the centre, taking place this year, as trading continues to prove tough.