Tag: Retail Property



Dixons Retail posts Strong Results after Comet Demise

Posted on 20 May, 2013 by Kirsten Kennedy under Business News

Thanks to the technology boom of the early 2000s, a number of specialist electronics companies saturated the market, making the sector one of the most challenging in retail. However, due to a number of high profile administrations including Comet, HMV and... Read More

Subterranean Victorian Shopping Street set to Reopen

Posted on 19 May, 2013 by Kirsten Kennedy under Commercial Developments

An historic Yorkshire town could soon be gaining a unique addition to its high street attractions – a refurbished subterranean Victorian shopping street hidden underneath a present-day development. Manager of the ground-level property, Nick Holroyd, is... Read More

New Jersey Retail Property Market Looking Different After Recession

Posted on by Jodee Redmond under Worldwide Property News

As New Jersey emerges from the recession the retail property market is shifting, with the emphasis now on variety rather than large holdings. Furthermore it is now a tenant’s market. In 2002, vacant stores accounted for only about 2 per cent of... Read More

Meadowhall in Sheffield Continues to Shine

Posted on 17 May, 2013 by MOVEHUT under Top Properties

Sheffield may be famous for its steel, but it’s Meadowhall that is doing all the shining at the moment. The shopping centre, which is the eighth largest in the country, has continued to attract record numbers of visitors and keep vacancy rates to a... Read More

British Land to Sell European Assets and Expand UK Portfolio

Posted on by Neil Bird under Commercial Sales and Lets

British Land, which posted its full year results this week, has placed its mainland European retail portfolio up for sale in order to concentrate on expanding its core UK interests. However chief executive, Chris Grigg, is not expecting the disposal to be a... Read More

Pasty Tax Continues to Confuse Businesses

Posted on 16 May, 2013 by MOVEHUT under Business News

A 20 per cent tax on hot pasties was introduced in October 2012, but even now some businesses are still charging it when they shouldn’t and not charging it when they should. But when should Value Added Tax (VAT) be added to pasties? If a pasty has... Read More

Retail Vacancy Rates Rise in First Quarter of 2013

Posted on 15 May, 2013 by Kirsten Kennedy under Industry News

Last month it was announced that Britain has managed to avoid triple dip recession with a growth of 0.3 per cent in the economy. While this is positive news it does not necessarily mean that the troubles faced by businesses are over – in fact, figures... Read More

JJB Sports Portfolio Attracts Little Interest

Posted on by Jodee Redmond under Commercial Sales and Lets

According to the latest report from the group's administrator, there has been little demand for JJB Sport's leasehold property portfolio. Administrators from KPMG LLP sold 20 of the group's trading stores to its major rival Sports Direct when it was... Read More

Major Investment Planned for Newcastle Shopping Centre

Posted on 14 May, 2013 by Neil Bird under Commercial Developments

Newcastle’s Eldon Square shopping centre is to undergo a major refurbishment as part of a nationwide drive by owners intu to broaden the experience offered to visitors. The company is planning to invest £1 billion over the next decade on its portfolio of... Read More

BRC Confirms April Sales Drop

Posted on 13 May, 2013 by Kirsten Kennedy under Business News

The British Retail Consortium (BRC) and KPMG Retail Sales Monitor has revealed a disappointing drop in April sales thanks to poor weather earlier in the month coupled with continuing economic uncertainty. Like for like sales during the month fell by 2.2 per... Read More