Tag : property
Retailers take action on propertySubscription
Retailers are seizing the opportunity to take “decisive action” on their property portfolios in 2020, say experts, as restructurings and company voluntary arrangements continue to put downward pressure on rents.
Arcadia at a Christmas crossroads Subscription
As Topshop CEO Paul Price resigns, and ahead of a slew of lease breaks and the Christmas deadline for the £310m loan repayment on its Topshop London flagship, the future of Arcadia Group looks as uncertain as ever
Clampdown on councils buying shopping centresSubscription
The Treasury is reported to be making it harder for local authorities to buy struggling retail properties, as concerns rise that the investments could bankrupt local councils.
Intu offloads Northern Irish retail park Subscription
Property company Intu has announced the sale of Sprucefield Retail Park in Northern Ireland for £40m.
Landsec swings into a lossSubscription
Landsec, owner of shopping centres including Trinity Leeds and Portsmouth’s Gunwharf Quays, has announced a loss before tax of £147m for the six months to 30 September 2019.
The new property leasing standard has left retailers running the rule over their balance sheets and landlords facing shorter lease demands.
Retailers demand rent cuts on 500 storesSubscription
High street retailers River Island, Jack Wills and Schuh are pushing landlords to cut their store rents as tough trading and competitor company voluntary arrangements pile on the pressure.
Jack Wills’ new owner, Sports Direct, is asking landlords to accept rent-free tenancy agreements across some of its worst-performing stores, Drapers can reveal.
Hammerson appoints premium outlets MDSubscription
Property company Hammerson has appointed Simon Travis as managing director of premium outlets, to build on its outlet growth.
H&M group demands turnover rents Subscription
H&M group is asking landlords to accept turnover-based rents as part of any tenancy agreement for lease renewals and new stores, Drapers understands.