Property

British Land records £42m net loss as retail market ‘remains challenging’

British Land has reported a net loss of £42m in the first half of the year, attributed to the “challenging”…

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House of Fraser could see ‘significant’ number of further store closures

House of Fraser is set for a “significant” number of further store closures after landlords reportedly refused to agree to…

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EU rules could ‘thwart’ Hammond’s business rates promise

Hammond’s plan to help high streets through a near £1bn, two year business rates cut, is set to be thwarted…

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Footfall drops for 11th consecutive month

Footfall in October fell by 2% on the previous year, an identical fall to that recorded in October 2017 and…

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Boxpark to ‘revive Brighton’ with new development

Retail and leisure development company, Boxpark, has revealed plans to revive Brighton’s Madeira Terrace into an internationally renowned ‘retail and…

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Hammerson shares rise as plans to sell £1.1bn of retail parks and cut board revealed

Shopping centre and retail park giant, Hammerson, has announced plans to reduce the size of its board and sell off…

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Store closures lead to slump in demand for retail space

New research has found that 70% of chartered surveyors in London saw a notable slump in demand for retail space…

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Retail property value sees biggest drop in six years

The value of UK retail properties fell by 0.8% in June, the biggest monthly fall since May 2012. According to…

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BRC calls for two-year freeze on business rates

The British Retail Consortium (BRC) has asked the government to consider freezing business rates for two years to ease the…

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City centres ‘must break reliance’ on retail, says think tank

Too many city centres across England and Wales are over-dependent on retail, and must swap shops for offices, housing and…

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