All Property and Planning articles – Page 10
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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
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![Poundland exterior [med res]](https://dmrqkbkq8el9i.cloudfront.net/Pictures/100x67/6/0/2/284602_poundlandexteriormedres_969921.jpg)
NewsPoundland plans biggest store opening spree yet
It’s the latest sign of how a recent business rates revaluation is already boosting retailers’ confidence to open more stores, according to property consultancy Colliers
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NewsBusiness rates cuts ‘likely to spur on store openings’
The boost to store openings already appears evident, according to John Webber, Colliers head of business rates
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Comment & OpinionWhy M&S’s new stores are working so much better for the retailer
M&S is no longer a ‘variety store’. Getting its SKU count right and leaving town centres is paying off
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NewsM&S to open 20 ‘bigger and better’ stores by April 2024
Eight will be full-line stores selling M&S’s complete clothing, home and food ranges
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NewsAldi and Lidl store openings show fierce inter-discounter rivalry
The two German discounters have been going toe-to-toe when it comes to UK store expansion
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NewsDiscounters to be hit with higher business rates after review, while supermarkets save a fortune
Convenience store rates will also pay more tax in the government’s revaluation
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Comment & OpinionWhy is Wilko struggling? Look no further than B&M’s success
In a crowded and fiercely competitive variety discounter market, more shoppers are favouring B&M. Here’s why
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NewsSuperstores to benefit from £687m cut in business rates over three years
The tax cut, which derives from a government revaluation of properties for business rates purposes, will predominantly benefit the traditional big four supermarkets and Waitrose, according to real estate advisers Altus Group
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NewsWelsh businesses to get £460m in rates support from government
The Welsh government is also providing over £140m of rates relief for retail, leisure and hospitality businesses
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NewsNearly 40 proposed Aldi stores being held up by planning objections from rival supermarkets
As Aldi and Lidl continue to take customers from rivals in droves, both are facing planning complaints
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NewsPoundland to open eight new stores in ‘super Saturday’ expansion push
The variety discounter is set to add 100,000 sq ft to its estate in time for Christmas, creating 160 new jobs
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NewsBusiness rates hike could mean financial collapse for many, warehousing sector warns
The logistics sector is hardest hit – dubbed the “losers” of the change by Colliers – because of the point in time property values have been taken: April 2021
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NewsBusiness rates revaluation: retailers ‘the biggest winners’
In some areas, including Oxford Street in London, shops’ rateable values have fallen by as much as 30%, said Colliers head of business rates John Webber
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NewsLidl ‘well stocked for Christmas’ after sporadic localised summer availability issues
Lidl GB chief Ryan McDonnell acknowledged there had been sporadic localised issues throughout the summer but said it was ‘well stocked’ for the festive season