Latest property news – Page 33
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NewsLandmark London department store to shut next year
One of London’s most famous department stores, Debenhams’ former Arding and Hobbs branch, is to close next year.
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NewsAldi to create 850 jobs with head office extension
Aldi has been given the green light to extend its head office and warehouse in Warwickshire, which the grocer said will create 850 new jobs.
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NewsIntu to trial ‘direct retailing’ at Broadmarsh shopping centre
Institutional landlord Intu has launched a ‘direct retailing’ trial at its Broadmash site as part of its new strategy to revamp its flagging shopping centre portfolio.
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NewsBoohoo swoops on Karen Millen and Coast but jobs axed
Online fashion giant Boohoo has bought the Karen Millen and Coast brands for £18.2m.
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NewsFlying Tiger calls time on store openings after profits hit
Flying Tiger Copenhagen has halted UK store openings after a plunge in profits.
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NewsIntu boss promises to stand firm on Primark rent reductions
The chief executive of Intu has said that the landlord will stand firm should Primark or any other retailer request rent reductions on schemes in line with those who have recently undergone CVAs.
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NewsWestfield’s UK income hit by retail CVAs and leasing delays
Westfield’s UK rental income over the first half of the year fell amid an increase in vacancies due to the rash of retail CVAs and administrations and delays with leasing due to Brexit.
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NewsIntu launches ‘transformational’ strategy as rental income slumps
Shopping centre owner Intu has launched what it has dubbed a “transformational” five-year strategy as it bids to arrest tumbling rental income and asset values.
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NewsHammerson eyes leisure and co-working space as future anchors
Hammerson is looking to leisure concepts, contemporary fashion brands and co-working space as future anchors for its flagship schemes, as it continues to alter its tenant mix away from retail.
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NewsHammerson hit by retail CVAs and administrations
Rental income at retail property giant Hammerson’s top destinations has slid as retailers’ woes undermined performance.
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NewsPrimark demands rent cuts as rivals benefit from CVAs
Primark is calling on landlords to slash rents by 30% as other retailers cut their property costs through CVAs.
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NewsHouse of Fraser closures loom as Ashley’s Sports Direct takes hit
Sports Direct has laid bare the scale of problems at House of Fraser, the department store business it bought out of administration last year, as it posted a fall in full-year earnings.
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NewsAgenda: Next, Pets at Home and Travis Perkins update
Retail Week looks ahead to the next seven days with updates from Next, Pets at Home, Travis Perkins, Hammerson and Intu all on the agenda.
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NewsDemand for retail property in London plummets
Demand for retail property in London is approaching lows last seen after the 2008 financial crash, according to new research.
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NewsUK retail industry conditions on brink of all-time low
The health of the UK retail sector is on the cusp of hitting record lows as businesses battle “some of the toughest trading conditions they have experienced”.
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NewsSports Direct drops Debenhams CVA challenge
Sports Direct has withdrawn its legal challenge to Debenhams’ CVA – but will continue to fund the objection lodged by one of the department store chain’s landlords.
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NewsLego to open two new UK stores this year
Lego is set to open two new stores in the UK this year, both at flagship shopping centres owned by Hammerson.
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NewsHomebase rescues Bathstore from administration
Homebase has rescued Bathstore from administration, taking on more than 40 of its stores and saving 154 jobs.
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NewsBen Sherman owner eyes Jack Wills acquisition
The owner of fashion label Ben Sherman, Marquee Brands, is among those eyeing a potential acquisition of troubled Jack Wills.
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NewsWaitrose offloads seven stores putting 700 jobs at risk
Waitrose & Partners is to pull down the shutters on seven branches as it focuses on profitability, affecting almost 700 employees.