All Property and Planning articles – Page 7
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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
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NewsInflation back on the rise means another hefty business rates hike, warns BRC
The warning comes after new figures from the Office for National Statistics today revealed inflation was rising again for the first time this year
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NewsAldi to open four new stores in London this year
The new London stores are set to create more than 150 jobs, as part of Aldi’s £550m UK expansion in 2024
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NewsJLP wins approval to build 353 rental homes in store redevelopment
The plans were agreed yesterday by the London Borough of Bromley following 147 letters of support from local residents
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NewsIceland boss Richard Walker takes aim at Aldi and Lidl over ‘restrictive’ land deals
Property sources say it is rare that Lidl or Aldi would strike restrictive deals, with many of their stores being standalone developments and freehold-owned
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NewsAldi to create 1,000 new store jobs by year end
The 1,000 roles will include caretakers and cleaners, managerial positions and store apprentices
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NewsIceland Foods appoints Gordons LLP as sole property advisor ahead of store rollout
The appointment of Gordons comes as Iceland looks to kick on with the next stage of its ongoing store rollout
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NewsAldi reveals location of next 11 new stores
New stores in Waltham Cross in Hertfordshire and Olney Park in Milton Keynes are set to open in the next month