All Property and Planning articles – Page 6
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Comment & OpinionWhy physical retail will be punished by government’s business rates reforms
Rather than promising to level the playing field between online giants and the high street, Labour should have simply said it planned to make the biggest businesses pay for a tax cut for smaller ones
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NewsSupermarket Income REIT buys 113,000 sq ft Sainsbury’s for £50m
It joins the real estate investment trust’s omnichannel-focused portfolio of more than 70 supermarkets across the country, including Tesco, Sainsbury’s, Asda and Morrisons sites
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Comment & OpinionBusiness rates reform: how Labour’s plan to ‘deliver stability’ will save the UK high street
Last week, the UK government took the “critical step” to permanently level the playing field between high streets and their competitors, as exchequer secretary to the treasury James Murray explains.
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NewsTreasury minister James Murray defends government’s business rates plans
Increasing business rates from 2026 for the most valuable properties will enable a permanent reduction for the retail, hospitality and leisure properties that “make up the backbone of our high streets”, says James Murray
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NewsCentral Co-op to sell 19 ‘unsustainable’ stores, including three to B&M
The other 16 stores will be sold to independent convenience chain Samy Limited
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Comment & OpinionBusiness rates: government has shown its hand in the budget – and retail has been cheated
Labour’s solution to separating online retail from the high street as part of business rates reform, we now know, is that it’s not going to
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NewsBudget measures to heap £120m in added costs on M&S, says chief
Stuart Machin said ‘we don’t want to pass on these costs to our customers’ through price rises but ‘can’t rule anything out’
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NewsAldi reveals sites of 11 stores to open by Christmas
New Aldi supermarkets are set to open this week in Sedgley in the West Midlands and Castle Douglas in Scotland, with Horsham in West Sussex and Muswell Hill in London next in line for later in November
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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