All articles by Jessica Newman – Page 18
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Jessops appoints administrators
Camera retailer Jessops has filed a notice to appoint administrators, adding to the list of retailers hit by lockdown and a collapse in sales.
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Landlords collect 21% of commercial rent on March quarter day
Property owners collected just 21% of commercial rents due on March quarter day.
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Retail outperforms office sector for first time in almost four years
UK retail property recorded its first positive rolling quarterly return since October 2018 in February – the first month in almost four years retail did not underperform compared to other property sectors, according to Gerald Eve’s latest monthly In Brief report.
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Santander to close over 100 branches and move head office out of London
Santander is planning to close 111 of its branches and move its headquarters to Milton Keynes as part of an overhaul of its UK business.
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Frasers Group snaps up Wigan retail park
Frasers Group has acquired Robin Retail Park in Wigan from Nuveen Real Estate.
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Amazon Fresh eyes Islington site for third UK store
Amazon Fresh is poised to move into the grade-II listed The Mall building in Islington, north London.
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Savills to offload trio of shopping centres
Savills has been mandated to sell a trio of shopping centre assets, Property Week can reveal.
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Marandi and Reuben appointed co-chairs of Centrepoint’s growth board
Centrepoint has appointed British entrepreneur and investor Javad Marandi and financier Jamie Reuben as co-chairs of its growth board, Property Week can reveal.
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IHG’s voco hotels concept grows to over 50 signings
IHG Hotels Resorts’ premium voco hotels brand has signed and opened 50 hotels across 20 countries as part of IHG’s expansion plan.
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News
Mixed-use lots to star in next Strettons and BidX1 auctions
Strettons’ 51-lot catalogue and BidX1’s 49-lot catalogue feature a number of value-added opportunities
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Allsop raises more than £54m at March commercial auction
Allsop raised £54.6m at its commercial auction this week, selling 82 of its 106-lot catalogue, reflecting a 78% success rate.
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Plans for £1bn Kensington Forum hotel scheme scrapped
The developer behind the £1bn redevelopment of the 29-storey Kensington Forum Hotel has withdrawn its application.
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John Lewis announces eight store closures
John Lewis has confirmed which of its stores it will permanently close, leaving 1,465 jobs at risk.
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Big chain retail shrinking faster than independent sector
The independent retail and leisure market shrunk by just 0.4%, or 1,442 units, in 2020, compared to a 4.5% decline in the retail chain market, which lost 9,877 units, according to a report by the Local Data Company.
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Khanna joins Unite as chief customer officer
Unite Students has appointed Karan Khanna as its new chief customer officer.
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Popeyes hatches in the UK
US chicken chain Popeyes is planning to open 350 restaurants in the UK over the next decade as part of a European expansion plan.
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Time Out withdraws plans for London Waterloo market
Time Out Market has confirmed it will not anchor LCR’s London Waterloo development, citing the financial impact of the Covid-19 pandemic.
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Blanshard takes operations role at Grainger
Grainger has appointed John Blanshard as its director of operations.
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MGT snaps up £150m Battersea BTR homes
MGT Investment Management and Battersea Power Station have agreed terms for the purchase by MGT of 92 flats within Battersea Power Station’s Electric Boulevard.
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Carlton Forest Group to take 500,000 sq ft at Bawtry Park in Doncaster
Carlton Forest Group has secured more than 510,458 sq ft of warehouse space at Clearbell Property Partners III’s Bawtry Park in Doncaster.