All Property and Planning articles – Page 13
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NewsIndustry reacts to Sunak’s business rates reform, including one-year 50% cut for retail and hospitality
The 50% cut – capped at £110,000 – will do little to help big businesses, says BRC
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NewsDark store operators driving ‘huge’ rent growth for urban industrial assets
Within London, areas such as Newham, Tower Hamlets and Southwark are forecast to see rent growth in excess of 7% for industrial assets this year
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Comment & OpinionCVAs are getting more popular. Are they changing the landlord-retailer power balance?
Retailers may find it harder to force through rent reductions, says barrister Matthew Weaver
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NewsOnline forecast to bear more of the business rates burden after next revaluation
Dramatic shifts in rental values on which the tax is based mean the burden will fall for shops and rise for online retailers, a new forecast suggests
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NewsMere seeking out nine more UK stores
The ultra low-cost retailer opened its first UK store in August and already has another three in the pipeline
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NewsBusiness rates reform: industry leaders outraged at new government delay
The plans have been “kicked into the long grass” because Chancellor Rishi Sunak has been too busy to consider them in the pandemic, it has been reported
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NewsRetailer stockpiling drives surge in demand for warehouse space
Warehouse space take-up in the first three quarters of 2021 hit 46.9 million sq ft, 27% up on the same period in 2020, according to property consultancy Knight Frank
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NewsLandlords urge chancellor to end ‘routine abuse’ of insolvency regime by retailers
The British Property Federation’s Budget submission to the chancellor renews its call for reform of the UK’s insolvency framework
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NewsBRC calls on chancellor to cut business rates in autumn Budget
The BRC’s call comes as a new report commissioned by retailers including Tesco, Sainsbury’s, Morrisons and Co-op claims reducing business rates could boost the government’s ‘levelling up’ agenda
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NewsPoundland sales and profits tumble after lockdowns hit footfall
Turnover for the year to 27 September 2020 was down 4.5% to £1.48bn, while operating profit plummeted from £26.7m to £8.6m
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NewsHeron Foods estate growth slowed by pandemic
The frozen food retailer has a long-term vision to grow the business but 20 to 30 stores a year, but the estate grew by just 13 in the year to 27 March 2021
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NewsPoundstretcher served notice to vacate by 63 landlords
The notices have followed rent cuts demanded by Poundstretcher in a restructuring plan launched last year
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NewsOcado launches second biggest CFC, in Purfleet
Ocado Retail’s sixth CFC opening coincides with the one-year anniversary of its switchover from Waitrose to M&S
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NewsOnline boom sees nearly 50 ‘super shed’ warehouses created in 2020 across England and Wales
The space is about the same as that lost in physical retail this year
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NewsHotel Chocolat creates 140 new manufacturing jobs in Huntingdon
The confectionery retailer is recruiting personnel to help upscale the current 45,000 sq ft site to a 195,000 sq ft state-of-the-art factory
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NewsSupermarkets delay complying with CMA call on restrictive land agreements
The Competition & Markets Authority wrote to Sainsbury’s, Morrisons, Asda, Co-op, Waitrose and M&S asking them to demonstrate their compliance
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NewsM&S relocating Leeds store to former Debenhams site
Property developer Landsec said the new store would feature a 15,000 sq ft M&S Foodhall
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NewsSimplyFresh launches new ‘Market’ store concept in Redditch
The concept was to become a destination food store, that brought together grocery, foodservice and coffee
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NewsPoundstretcher’s estate shrinks by 75 stores in year following CVA
The net decline comes despite Poundstretcher also opening stores, meaning the number to have closed will be higher
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NewsVOA accused of laying groundwork for delay to business rates revaluation
The VOA this week expressed concern not enough businesses were submitting rent information needed for the next adjustment to the tax, due in 2023, to properly reflect the impact of the pandemic