All Property and Planning articles
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NewsLidl seals 12-store sale & leaseback deal in breakthrough for expansion programme
Lidl has sold the 12 sites for £70m to Roadside Retail, which has agreed to lease them back to the discounter for 25 years
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NewsCity snapshot: Lidl agrees £70m real estate deal to forward fund 12 stores
Lidl has signed an agreement to sell 12 stores under construction to Roadside Real Estate for £70m. Plus, JLP is recruiting a record 12,500 temporary roles across the country over the Christmas period
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NewsStuart Machin urges Chancellor not to raise taxes on business
The M&S chief said he hoped recent ‘rumours’ that Rachel Reeves planned to raise National Insurance were untrue
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NewsBRC lobbying sparks row with small shops over business rates
The BRC has been accused of making proposals that only benefit ‘the largest retailers’ while being ‘really detrimental to a large majority of independents’
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Comment & OpinionIs a 20% business rates discount on the cards for high street chains?
Four months have passed since Labour made its manifesto pledge to replace business rates with a “fairer” system, and the retail sector is still waiting to find out what it will be
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NewsSupermarket bosses call for 20% business rates cut in letter to Rachel Reeves
Retail needs a business rates cut to ‘stem the tide’ of shop closures, says the BRC
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NewsCo-op property director Heather Thomas takes on additional sustainability role
Heather Thomas has become group property and sustainability director, having been tasked with overseeing the goal to achieve net zero from its own operations by 2035
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NewsNew light shed on Lidl’s store opening slowdown by parent’s €1bn interest costs
Accounts for Lidl Stiftung & Co KG have revealed interest expenses of €1.025bn in the 12 months to 29 February 2024, up from €462m the previous year
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NewsCity snapshot: Morrisons agrees £331m property deal on 76 supermarkets
Morrisons has signed a £331m deal to release value from its portfolio of stores as the supermarket continues with a turnaround attempt under new CEO Rami Baitieh. Plus, Asda launches new sustainability-linked enhancement to its supply chain finance scheme, trading updates from Poundland owner Pepco and Diageo, and interims from Adnams
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NewsLeading investment advisor warns over new Aldi and Lidl stores
Rob Abraham of Atrato Group, investment advisors to Supermarket Income REIT, said the discounters were reaching the ‘late phases’ of their own ‘space race’ in the UK
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NewsCity snapshot: PZ Cussons profits plunge amid currency devaluation in Nigeria
PZ Cussons has moved a step closer to selling off its troubled African business as the personal care group reveals sales and profits in the past year plummeted. Plus, the latest UK inflation and supermarket growth data, and full-year results from Supermarket Income REIT
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NewsAldi willing to invest in planning process at local authorities as it races to open new stores
The discounter is racing to open 23 stores by the end of the year
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NewsJLP submits proposals to convert former John Lewis warehouse into 215 homes
The site in Reading is the final of three proposed build-to-let redevelopments as part of JLP’s £500m joint venture with Abrdn
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NewsAldi in planning reform talks with No 10
The discounter is offering investment to address “under-resourcing” in local authorities, which is holding up new stores
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Analysis & FeaturesWhy Waitrose is turning its focus to convenience again
The retailer has unveiled plans to open 100 new Little Waitrose c-stores
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NewsBidfood opens new Bodmin depot to improve south west connection
The new depot will improve delivery connections with the south west
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NewsSainsbury’s to open 10 new supermarkets after acquiring Homebase stores
Sainsbury’s anticipates the stores will add 235,000 sq ft to its total footprint
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Comment & OpinionHow M&S clothing went from frumpy to Gen Z favourite
M&S’s style renaissance has been driven by Gen Z shoppers, a demographic that would have steered well clear of the M&S clobber of yesteryear
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Analysis & FeaturesWhat changes could the government be considering on business rates?
More than seven weeks on from being elected to government, Labour is yet to flesh out its plan to replace the current business rates system in England
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NewsThe Range and Wilko owner appoints new head of property
Antony Darbyshire will be particularly responsible for the continued rollout of new Wilko stores