All Property and Planning articles – Page 20
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NewsAldi falls short of 50 new stores a year in 2020
Delays to construction under Covid restrictions have forced Aldi to push some of the 2020 target into 2021
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NewsNisa reports more than 620 store recruitments in 2020
Nisa has formed an induction team dedicated to support new partners during their first 100 days
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NewsSoaring rent debt will lead to ‘ghost high streets’ without more support, warns BRC
BRC property policy advisor Dominic Curran was commenting on the latest rent payment data, which showed retail’s debt had reached £2.2bn by the end of 2020
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NewsRetail’s rent debt tops £2bn after third quarter of government protections
Between March 2020 and the end of last year, retail’s debt climbed to £2.2bn, making up more than half commercial tenants’ total debt of £4.2bn
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NewsBooths to close Media City branch as Covid hits sales
Booths said it has started a consultation with impacted employees to explore their options
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NewsGreggs opening new stores at pre-Covid rate despite losses
After ‘stamping on the brakes’ last year, the target of 100 new stores net for 2021 is back where it was before the pandemic, said Greggs CEO Roger Whiteside
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NewsCVA rent cuts are usually addressing out-of-date charges, argues BRC
The consortium was responding to fresh claims from the British Property Federation that retailers are abusing CVAs
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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’