Latest property news – Page 72
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NewsBHS sells Oxford Street lease as LPP and Ikea eye prime location
BHS has sold the lease on its Oxford Street flagship as Polish giant Lubianiec Piechocki i Partnerzy (LPP) prepares to move into the unit.
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NewsRoyal Victoria Place's £70m retail and leisure extension gets green light
Royal Victoria Place, in Tunbridge Wells, will create 120,000 sq ft of retail space after the centre’s £70m extension was given the go ahead.
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NewsBHS to sell Oxford Street lease to Abu Dhabi landlord
BHS is to sell its Oxford Street flagship lease to the landlord, Abu Dhabi’s ruling family, as part of its plans to restructure.
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NewsInfographic: Easter sales and footfall to be dampened by bad weather
Shoppers are likely to be deterred by Saturday’s forecasted wet weather resulting in decreased footfall and sales, according to analysts.
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NewsBeales back from the brink as creditors vote through CVA
Department store group Beales can push ahead with a CVA after creditors today unanimously voted through the measure.
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NewsKingfisher poaches Decathlon exec to head up retail operations
Kingfisher has poached a long-serving Decathlon executive to oversee its retail operations following the exit of two senior directors.
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NewsBHS survives as 95% of creditors vote in favour of pivotal CVA
BHS has been given the green light to proceed with a CVA after 95% of creditors voted in favour of the proposals at the first of two crucial meetings.
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NewsBHS to learn its fate today as landlords and creditors vote on CVA
BHS will today find out if its proposed CVA application to reduce rents on more than half of its stores has been approved by landlords.
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NewsThe Co-op poised to sell off almost 100 former Somerfield stores
The Co-op is attempting to sell off scores of former Somerfield stores, just eight years after acquiring them as part of a £1.5bn deal.
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NewsJD Sports in talks to acquire 189 stores in the Netherlands
JD Sports is on course to boost its footprint in the Netherlands with the acquisition of 189 shops from Unlimited Sports Group (USG).
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NewsDFS founder Lord Kirkham in furniture comeback with new chain
DFS founder Lord Kirkham is planning to launch a furniture chain that would potentially compete head to head with the retailer he founded in 1969.
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NewsBHS confident CVA will go through despite landlord opposition
BHS has insisted it is confident that its company voluntary arrangement (CVA) will be voted through, despite opposition from a landlord.
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NewsChancellor urged to scrap link between business rates and RPI
Businesses are urging the Chancellor to reform business rates and stop basing the tax on the Retail Prices Index measure of inflation.
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NewsRetail footfall drops in February as high street traffic falls 2.9%
Total retail footfall dropped 1.1% year on year in February, driven by declining customer numbers in shopping centres and high streets.
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NewsPoundworld poised to acquire a third of remaining Brantano stores
Poundworld is on the verge of snapping up around a third of footwear retailer Brantano’s remaining stores, Retail Week has learned.
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NewsIn pictures: Brent Cross shopping centre celebrates its 40th birthday
Brent Cross, Europe’s first enclosed shopping centre, has reached a significant milestone this month as it celebrates its 40th birthday.
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NewsAndy Bond's new discount variety chain reveals name and first location
A new discount variety retailer, being launched by former Asda boss Andy Bond, will debut in June under the name Guess How Much! (GHM!)
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NewsBHS collapse could cost its creditors £1.3bn, CVA document warns
BHS has told its creditors they could lose up to £1.3bn if they do not agree to proposals to slash the beleaguered retailer’s rents.
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NewsBHS: The 40 stores facing closure unless landlords agree to slash rents
BHS is seeking rent reductions on half of its stores through a creditors voluntary arrangement (CVA) as it bids for a turnaround.
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NewsIkea's UK profits nearly triple after healthy rise in sales
Swedish home furnishings specialist Ikea’s UK profits nearly tripled last year after several years of earnings volatility.