All Property articles – Page 19
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NewsDebenhams rejects claims that lender commitment is in doubt
Debenhams has slammed down suggestions that the commitment of its lenders to a debt for equity swap is in question and that debt restructuring was reliant upon more deep rent reductions.
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OpinionOpinion: Hammerson’s issues are symptomatic of a broken property market
Hammerson’s latest set of financial results are symptomatic of the wider issues plaguing the UK retail property market and the institutional landlord is unlikely to be the only one feeling the effects.
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NewsHammerson eyes further disposals this year with ‘nothing off the table’
Hammerson is considering further disposals this year and selling stakes in assets across its flagship centre and premium outlet portfolios, according to a senior executive.
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NewsTed Baker in talks to sell off London headquarters
Ted Baker is set to sell off its Ugly Brown Building headquarters in north London in a bid to raise funds following its accountancy crisis.
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NewsHammerson profits fall against challenging retail backdrop
Shopping centre owner Hammerson has posted falling profits and rental income during its full-year results.
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NewsHalf of shoppers to avoid goods shipped from China as coronavirus fears rise
Nearly half (48%) of shoppers have said they would avoid goods from sellers shipped directly from China if coronavirus continues to spread.
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NewsHammerson sells remaining retail parks at a discount
Institutional landlord Hammerson has confirmed the sale of its remaining portfolio of retail parks at a “wider than expected” discount, as it looks to shore up its balance sheet.
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NewsLidl pledges £1bn investment to reach 1,000-store target
Lidl has pledged to invest more than £1bn in new stores over the next two years as it ramps up expansion plans to reach its target of 1,000 stores in the UK by 2023.
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NewsClosure looms for Beales stores as no buyer emerges
The remainder of Beales department stores are likely to shut after the retailer’s administrator said it had received no “deliverable offers” for the business.
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NewsMarks & Spencer fires warning to landlords over loss-making stores
Marks & Spencer has warned its landlords it will shut underperforming stores, placing property owners on red alert for further closures.
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NewsSainsbury’s, Frasers and Shoe Zone plead for business rates reform
The bosses of Sainsbury’s, Frasers Group and Shoe Zone have piled further pressure on new Chancellor Rishi Sunak to reform the business rates system.
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NewsTesco ‘unlawfully’ blocked rivals from opening stores, CMA finds
Tesco has been slammed by the competition watchdog for “unlawfully stopping rivals from opening shops near its stores”.
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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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GalleryStore gallery: Sainsbury’s opens first ‘food on the go’ store
Sainsbury’s has lifted the lid on its first ‘food on the go’ store at London’s Mansion House.
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OpinionOpinion: Time is now for Johnson and Javid to back retail on rates reform
If the message to prime minister Boris Johnson and chancellor Sajid Javid on business rates wasn’t already clear, it certainly is now.
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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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AnalysisAnalysis: Will corporation tax save the high street? Don’t bank on it
Following reports that the Retail Sector Council (RSC) was preparing to recommend an increase in corporation tax to fund a cut in business rates, Retail Week discovers it’s far from a done deal.
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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.