Property

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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British Land to sell its 12 Sainsbury’s stores for £429m

British Land has announced the sale of 12 superstores from its joint venture with Sainsbury’s to the Realty Income Corporation…

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Largest store for 25 years opens in Centre:MK

Centre:MK is set to open its largest store in 25 years with the opening of a 75,000 square foot Primark…

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