Tag : British Land
Retailers are only “deferring a problem” by withholding rent payments at this week’s March quarter deadlines, property experts have told Drapers.
Coronavirus: British Land defers £40m in rentSubscription
British Land will defer £40m in rents for this quarter and spread repayments to mitigate the impact of the coronavirus outbreak.
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.
The great council retail property takeoverSubscription
Retail property companies are dumping assets as they seek to reduce their exposure to the sector, and councils are stepping in to buy them and taking on the risk and cost of developing them.
Losses deepen at British LandSubscription
A beleaguered retail market has resulted in a loss before tax of £404m at landlord British Land for the six months to 30 September.
British Land’s master plan for a new 53-acre town centre at Canada Water has been granted planning permission by Southwark Council Planning Committee.
British Land has agreed to withdraw its legal challenge to Monsoon Accessorize’s company voluntary arrangement, paving the way for rent reductions of up to 65% across more than half of the retailer’s stores.
Monsoon CVA faces legal battleSubscription
Shopping centre owner British Land has filed a legal challenge against Monsoon Accessorize’s company voluntary arrangement (CVA).
Meadowhall secures new fashion retailers Subscription
Lacoste and menswear brand Skopes have signed leases to open stores at Meadowhall shopping centre in Sheffield in May.
Shopping centres in crisis over rentsSubscription
Shopping centres, already hit by declining footfall and changing consumer habits, are facing further challenges as “unprecedented deals” are being made on rents.