Latest property news – Page 28
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NewsAshley: ‘UK high street is on life support, act now on business rates’
Tycoon Mike Ashley’s Frasers Group has called once again for fundamental reform of business rates and in particular the transitional relief system.
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NewsWestfield owner ramps up disposals programme as UK income falls
Shopping centre landlord Unibail-Rodamco-Westfield has scaled back its development pipeline and ramped up its disposal programme as net rental income fell across its UK centres last year.
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NewsIntu £1bn deal with Hong Kong-based investor falls through
Embattled institutional landlord Intu has confirmed that discussions over an emergency recapitalisation with a Hong Kong-based investment fund have fallen through.
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NewsInstitute of Directors and CBI call for business rates reform
Two of the UK’s leading business groups have called on Chancellor Sajid Javid to launch a “comprehensive review” of the business rates system as part of next month’s Budget.
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NewsShopping centre footfall increases for first time in three years
Shopping centre footfall climbed for the first time in almost three years during January as experts hailed “the start on the road to recovery” for the retail destinations.
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NewsBrown Thomas to open new ‘physical and digital’ store in Dublin
Irish luxury retailer Brown Thomas is set to open a flagship store in Dundrum Town Centre, Dublin, which the retailer said will mix “physical and digital” space.
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NewsBanned director works on new department store chain
A businessman banned from being a company director is involved in a new department store business.
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NewsPop-up retail property specialist Boxpark posts profits rise
Boxpark, the pop-up retail property specialist, has reported a rise in profitability and is eyeing expansion outside London.
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NewsBRC slams latest government proposals on business rates relief
The BRC has criticised the government for not doing enough to support the UK high street, after it proposed increasing retail business rates relief but not the threshold at which it would be available.
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NewsIntu sells Spanish shopping centre as it battles to balance books
Intu has completed the latest in a string of asset disposals, selling another Spanish shopping centre as it looks to turn around flagging fortunes and fix its balance sheet in the UK.
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NewsAlmost 10,000 retail jobs lost already this year
Nearly 10,000 retail jobs were lost in the first three weeks of 2020, according to industry analysts.
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NewsMarks & Spencer snaps up property director from Asda
Marks & Spencer has appointed a new property director from Asda in its second big hire to be revealed today.
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NewsIntu to raise new equity in battle to repair balance sheet
Retail property giant Intu intends to raise new equity as it seeks to fix its balance sheet.
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NewsPaphitis posts profit rise at Ryman and Robert Dyas
Theo Paphitis Retail Group has posted an uplift in earnings at Ryman and Robert Dyas, but trading has been tough at Boux Avenue.
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NewsMike Ashley’s Frasers Group urges PM to reform business rates
Mike Ashley’s Frasers Group, formerly known as Sports Direct, has written to Prime Minister Boris Johnson to push for an “urgent fundamental review” into business rates.
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NewsBeales on brink of collapse after disappointing Christmas
The heritage department store has reportedly filed notice of intention to appoint administrators as it scrambles to secure a buyer.
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NewsLush eyes former Debenhams and House of Fraser stores
Lush is considering swooping on vacant Debenhams and House of Fraser stores following the success of its large store in Liverpool.
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NewsGame set to close stores as it calls on landlords to be 'realistic' about rents
Game has said it intends to close 40 stores across the UK unless it can renegotiate rents with landlords as it blamed a “challenging retail market”.
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NewsRetail park to be converted to warehouses for ecommerce
A north London retail park has been acquired by the world’s largest warehouse company in a landmark deal that will see it converted into space for fulfilling online deliveries.
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NewsDebenhams and HMV to close swathe of stores this month
Debenhams and HMV will both shutter stores this month as the retailers grapple with rising rents and business rates.