All Property and Planning articles – Page 19
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NewsRishi Sunak announces £4bn extra funding for businesses forced to close
Grants of up to £9,000 will be awarded per property to retail, leisure and hospitality businesses
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NewsOne Below sees expansion opportunity as retail failures leave stores vacant
The chain is also negotiating better terms with landlords whenever leases come up for renewal, according to its accounts
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NewsAsda DC network to be sold and leased back by new owners
TDR Capital and Issa brothers Zuber and Mohsin are lining up advisors Eastdil Secured to handle the process
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NewsAnalysis reveals true cost to retailers of business rates relief payback
The value of business rates relief over 12 weeks has been compared with grocery-only sales figures from Kantar for the same period for the 10 biggest supermarkets
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NewsVariety discounters can ‘dictate’ property terms thanks to wave of CVAs
As landlords become more desperate to retain or acquire tenants, variety discounters have been able to dictate lease terms, including long rent-free periods and contributions to store fit-outs, retail property agents have told The Grocer
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NewsBusiness eviction and debt enforcement protections extended for final three months
Protections currently in place, against eviction, rent arrears recovery and statutory demands or winding-up petitions, are now set to continue until 31 March 2021
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NewsMotor Fuel Group acquires six forecourt sites in the Lake District
The move takes the total number of forecourts operated by MFG to 911
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NewsBusinesses facing a ‘rent judgement day’, hospitality chiefs warn
A ’bloodbath’ of business failures will ensue at the potential cost of hundreds of thousands of jobs unless protections for tenants are extended into 2021, according to UKHospitality
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NewsLidl joins supermarkets handing back businesses rates relief
The discounter said this morning it would refund over £100m in relief to the UK and devolved governments
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NewsPoundland defends not repaying business rates relief
The variety discounter has argued it should not be judged on the same terms as retailers who saw business boom in lockdown ’like the supermarkets or Amazon’
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NewsCity Snapshot: Sainsbury’s to hand back £440m of business rates relief
Sainsbury’s has joined Tesco and Morrisons in handing back its business rates relief, which will cost the supermarket around £440m
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NewsLandlords and retailers urged to collaborate to open shops longer
In a joint call, the BRC and British Property Federation have urged retailers and landlords to work together so that shoppers can feel safer in stores by visiting at less crowded times
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NewsM&S could be asked to share some of Ocado online sales profits under new lease terms
Shopping centre owner Benson Elliot is planning to adopt the new lease model, which factors in a store’s ‘online halo effect’
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NewsFour in five major retailers threatened with County Court Judgements over rent
Of 25 major national retailers surveyed by the BRC in October, 21 had been threatened by landlords using a ‘loophole’ in government protections
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NewsAscona Group takes estate to 47 sites with trio of petrol station acquisitions
Fast-growing forecourt operator has purchased 30 sites this year
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NewsHancocks acquires new depot as it shuts sixth site this year
About 100 new roles will be created at the new Manton Wood site
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NewsRetail and landlord chiefs at loggerheads over mounting debt crisis
The BRC has called for an extension to protections for tenants but the British Property Federation has slammed the suggestion as unsustainable
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NewsBestway opens its first ‘Tippl’ store for premium booze
It offers a wide range of wines, spirits, ales and craft larger, cider and mixers alongside a high-end convenience offer
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NewsSainsbury’s opens first Fresh Food Market store in Kent
Upgrade comes as part of a multi million-pound redevelopment of Sainsbury’s estate
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NewsHeron Foods store opening programme ‘scaled back’ due to pandemic
The B&M-owned frozen food business has scaled back its ambitions to 15 new stores this financial year, rather than 20