Latest property news – Page 36
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NewsArcadia to launch CVA 'within 48 hours'
Arcadia is preparing to launch a CVA within the next 48 hours, Retail Week has learned.
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NewsCushman & Wakefield hires Asda strategist for retail role
Cushman & Wakefield has recruited former Asda strategy director Paul Durkin to head up its UK retail team.
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NewsBoxpark boss Wade: Retail 'on the edge of a precipice'
Boxpark boss Roger Wade has warned retail is “on the edge of a precipice” and urged the government to intervene to save Britain’s high streets.
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NewsBritish Land retail portfolio value takes hit
Property giant British Land has reported a rise in rental growth, but the value of its portfolio has taken a hit.
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NewsLandsec losses widen despite sales increase
Landsec recorded widening full-year losses against a backdrop of what boss Robert Noel described as “well-publicised difficulties in the retail market”.
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NewsAshley to invest millions in upgrading House of Fraser stores
Mike Ashley has pledged to invest hundreds of millions of pounds into House of Fraser in exchange for three-year rent holidays on the redeveloped stores.
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NewsVacancy rates at highest level for four years as footfall declines
National town vacancy rates were at their highest in four years, as high street footfall declined again, according to new figures from the BRC.
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NewseBay unveils first UK concept store
eBay has launched a pop-up store in Wolverhampton which showcases products from small local businesses.
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NewsDebenhams creditors give CVA green light
Debenhams’ creditors have approved the department store chain’s CVA, paving the way for it to close 22 stores next year.
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NewsCredit insurer Atradius slashes retail sector outlook
Credit insurance firm Atradius has downgraded the retail sector’s performance outlook for the year ahead from ‘fair’ to ‘poor’.
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NewsIntu warns CVA glut will hit rental income
Intu has warned its rental income will fall below expectations this year following a “higher than expected level of CVAs”.
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NewsThe Hut Group snaps ups luxury hotel chain
The Hut Group has acquired boutique hotel group Eclectic Hotels in a bid to drive exposure of its beauty and wellbeing brands.
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NewsTesco urges online sales tax to fund business rates cut
Tesco has called for a 2% online sales tax to help fund a 20% business rates cut.
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NewsRetail rents fall as tough trading conditions take toll
The harsh trading environment drove down retail rents on prime properties in the first quarter of this year.
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NewsCotswold Outdoor owner launches CVA in bid to slash rents
Cotswold Outdoor’s parent company Outdoor & Cycle Concepts has launched a CVA proposal in a bid to stem falling profits, Retail Week has learned.
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NewsDebenhams poised to launch CVA this week
Debenhams is poised to launch its CVA this week as it battles to secure its future, Retail Week has learned.
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NewsTopshop’s Green offers flagship as pension security
Topshop boss Sir Philip Green has proposed offering the flagship store on London’s Oxford Street as security to his Arcadia group’s pension funds as he seeks to restructure his fashion empire.
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NewsDebenhams sale process lambasted by Sports Direct’s Ashley
Sports Direct tycoon Mike Ashley has complained that the administrators of Debenhams are not conducting a “genuine” sale process.
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NewsHigh street benefits as Easter sun draws shoppers
Retail footfall climbed over the Easter holiday when shoppers hit the high street as the sun shone.
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News
Climate change protests cost West End retailers £12m
The ongoing Extinction Rebellion climate change protests in London have cost the city’s retailers £12m over the last two days, according to the New West End Group.