All Property and Planning articles – Page 7
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NewsPoundland sales and profits tumble after lockdowns hit footfall
Turnover for the year to 27 September 2020 was down 4.5% to £1.48bn, while operating profit plummeted from £26.7m to £8.6m
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Heron Foods estate growth slowed by pandemic
The frozen food retailer has a long-term vision to grow the business but 20 to 30 stores a year, but the estate grew by just 13 in the year to 27 March 2021
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Poundstretcher served notice to vacate by 63 landlords
The notices have followed rent cuts demanded by Poundstretcher in a restructuring plan launched last year
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Ocado launches second biggest CFC, in Purfleet
Ocado Retail’s sixth CFC opening coincides with the one-year anniversary of its switchover from Waitrose to M&S
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Online boom sees nearly 50 ‘super shed’ warehouses created in 2020 across England and Wales
The space is about the same as that lost in physical retail this year
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Hotel Chocolat creates 140 new manufacturing jobs in Huntingdon
The confectionery retailer is recruiting personnel to help upscale the current 45,000 sq ft site to a 195,000 sq ft state-of-the-art factory
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Supermarkets delay complying with CMA call on restrictive land agreements
The Competition & Markets Authority wrote to Sainsbury’s, Morrisons, Asda, Co-op, Waitrose and M&S asking them to demonstrate their compliance
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M&S relocating Leeds store to former Debenhams site
Property developer Landsec said the new store would feature a 15,000 sq ft M&S Foodhall
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SimplyFresh launches new ‘Market’ store concept in Redditch
The concept was to become a destination food store, that brought together grocery, foodservice and coffee
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Poundstretcher’s estate shrinks by 75 stores in year following CVA
The net decline comes despite Poundstretcher also opening stores, meaning the number to have closed will be higher
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VOA accused of laying groundwork for delay to business rates revaluation
The VOA this week expressed concern not enough businesses were submitting rent information needed for the next adjustment to the tax, due in 2023, to properly reflect the impact of the pandemic
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High street regeneration strategy launched by government
The ’Build Back Better High Streets’ strategy includes giving councils in England powers to convert derelict buildings into homes using compulsory purchase orders
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Retailers warned of high business rates over failure to respond to revaluation
The Valuation Office Agency, which collects information on shop rents used to calculate future rates, has expressed concern that too few businesses are providing details
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Pandemic delays new store fitouts for discounter Mere
Mere UK business development manager Aleksandr Chkalov this week told The Grocer he had initially envisaged it opening last year
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Co-op eyeing 40 franchise stores by the end of the year
Co-op opened 14 franchise stores over an 11-week period from mid-March
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Business rates outstripping rent for retailers, says Colliers
Landlords desperate to keep shops occupied are offering sweeteners such as rent-free periods, but rates bills are scuppering deals
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Lidl and Aldi ‘will be 12-24 months late hitting store opening targets’
Trading overlap with their own and each other’s stores will hamper progress, say retail location analysts
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Business rates revaluations to take place every three years instead of five
The move will make the tax better reflect changing economic conditions, according to a government consultation
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Lidl publishes wish list of new UK locations as it opens 860th UK store
’We are calling on developers and landlords up and down the country to help find potential sites,’ said Lidl GB CEO Christian Härtnagel
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‘Very few’ places where Mere can open stores without being near an existing discounter
However, there are over 250 locations suitable for the Russian retailer if it doesn’t mind being near a Lidl or Aldi
