Property

Businesses rates to better reflect property value under new law

Business rates payers in England will have bills that more accurately reflect current property values under new legislation introduced by…

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TfL holds competition for £100k retail space for a year

Transport for London (TfL) has launched a new innovation competition, which challenges businesses to come up with an “innovative and…

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Network Rail sees retail sales growth of 4.36% in 2018/19

Network Rail saw its retail sales grow 4.36% and like-for-like sales increase by 1.32% in the 2018/19 financial year –…

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Monsoon landlords seek equity stake in exchange for CVA

The landlords of fashion retailer Monsoon Accessorize are reportedly seeking an equity stake in the company in exchange for the…

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Shop vacancy rate rises to highest level in four years

The national town centre vacancy rate rose to 10.2% empty outlets, according to data from the BRC-Springboard Footfall and Vacancies…

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Burberry to scrap new Leeds factory

Fashion label, Burberry has announced it is to scrap its plans for a major factory in Leeds as it looks…

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Debenhams to ask for 50% cut in business rates bills

Embattled department store Debenhams has reportedly planning to ask 30 local authorities to accept a 50% reduction in its business…

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Increase in redeveloped units set to ‘reimagine’ retail

The number of units that were structurally changed or redeveloped (demolished, merged, split or converted for another use such as…

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Retail rents fall as pressure on sector continues

High street shop prime rents fell by 1% in the first quarter of the year, according to real estate company…

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Debenhams to close 22 stores with 1,200 jobs at risk

Department store chain, Debenhams has announced it is to close 22 stores putting 1,200 jobs at risk. The closures come…

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