All Property and Planning articles – Page 8
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NewsM&S to invest additional £12.5m in London stores
The retailer has invested £23m in the city in its 2022/23 financial year and created 400 jobs
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NewsLidl reveals hundreds of potential sites for new stores
The retailer has also reiterated its finder’s fee for suitable sites despite scaling back its store opening plans
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NewsCity snapshot: Supermarket Income REIT snaps up Tesco store in £38m deal
Retail property investor Supermarket Income REIT has purchased a Tesco omnichannel supermarket in the Midlands for £38.3m. Plus, embattled THG appoint Sue Farr as senior independent director.
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NewsLidl outpaces Aldi on new stores despite slowdown
Lidl said in February it would open just 25 stores this year instead of the usual 50
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NewsSuperdrug to open 25 ‘bigger and better’ stores this year
The retailer said the investment showed it backs bricks and mortar following strong trading results
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NewsMorrisons sale and leaseback stores ‘cheaper than other grocers’
A property industry source said the price people will pay for a Morrisons is less than for a Sainsbury’s or Tesco
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NewsShops in England to see business rates bill drop by more than 50%
The average shop’s bill will fall from £8,172 in 2022/23 to £3,678 in 2023/24, according to retail estate advisors Altus Group
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Analysis & FeaturesParfetts Birmingham: a look inside the wholesaler’s southernmost depot
Last week, Parfetts opened its new 100,000 sq ft Birmingham cash & carry
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NewsCity snapshot: Supermarket Income REIT grocery portfolio value drops by £250m amid rising rates
Supermarket property investor Supermarket Income REIT has seen the value of its portfolio drop by almost £250m over the past six months amid rising UK interest rates
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NewsLidl’s store opening slowdown set ‘to last until 2026’
The slowdown has also extended to recruitment activity
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NewsPoundland hits back at East Dulwich ‘reverse gentrification’ claims
Poundland’s planned store in south London’s wealthy East Dulwich prompted some residents to take to online forums and Facebook groups expressing fears it would lower the tone of the area
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NewsInvestors salivating as ‘distressed’ Morrisons mulls selling off stores
Such a move could be ‘disastrous’ for Morrisons in the long-term thanks to depressed valuations, according to a property source
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NewsAldi ‘stepping up search’ for new store sites as part of £400m push
It is Aldi’s third announcement of expansion ambitions in as many weeks since The Grocer revealed Lidl was dramatically scaling back store openings this year
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NewsLidl ‘conceded battle to be UK’s dominant discounter’, says former boss
Lidl’s slowdown of store openings this year will make it almost for it to catch Aldi, according to Ronny Gottschlich
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NewsCity snapshot: Supermarket Income REIT sees portfolio valuation drop as interest rates bite
Listed supermarket property investor Supermarket Income REIT saw the valuation of its portfolio drop by double digits amid steeply climbing interest rates and wider economic slowdown
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NewsAldi aiming to ‘almost double’ its London store count
It is a clear signal of intent from Aldi, for the second time in a week, that it will press on with store openings at pace as rival Lidl slows
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NewsAldi creating 6,000 jobs this year as expansion continues
It comes a week after The Grocer revealed Lidl had dramatically scaled back its opening plans for the year ahead
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NewsBusiness rates still ‘broken’ despite savings for retail, says BRC
BRC CEO Helen Dickinson was responding to an announcement from the Treasury this morning that retail’s business rates bill will drop by a fifth from April
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Comment & OpinionWhy would Lidl decide to slow down store openings now?
Lidl may well need to let the warehouse distribution structure catch up this year
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NewsLidl scales back store opening plans
The slowdown comes as the cost of living crisis drives shoppers from traditional supermarkets to the discounters