Property giants British Land and Land Securities are this week set to reveal the impact of the retail crisis on the value of their shopping centres.
Valuations will reflect a decline in rental income as struggling retailers shut stores, and stronger ones respond with more aggressive rental renegotiations.
Clothing chain Next secured average rent reductions of 29% on rental renewals last year.
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Including:
Majority of boroughs did not start a single residential development in the first quarter of this year
The deals at Korol’s Mansel Court set a fresh benchmark at £56.50 per sq ft
Theo Plowman to join housing association
The consultancy reports double-digit earnings growth in Q1 2025
