Ministers have warned that footfall across high streets in the UK may never reach pre-pandemic levels as Boris Johnson confirmed plans to lift restrictions in shops, restaurants and pubs on England’s “freedom day” on July 19. Minister for regional growth and local government, Luke Hall,…
Revolution Bars have had their CVA approved to close 6 sites and reduce their rent on 7 other sites. This is a further blow to landlords and the high street and another sign that those in the hospitality sector continue to struggle and face a very bleak…
Fashion chains Peacocks and Jaeger have today fallen into administration, putting more than 4,700 jobs and almost 500 shops at risk. The retailers, which were both part of billionaire Philip Day’s EWM Group retail empire, confirmed today that they had appointed administrators from FRP Advisory. It is…
This article is different from most of the others in that it concerns residential property and specifically sitting tenants. As well as buying all types of commercial property, we at Sell My Commercial Property also buy houses and flats. We are very experienced at buying residential properties with sitting tenants…
The boss of Britain’s biggest nightclub operator has warned landlords that the company faces collapse unless a sale is agreed imminently – putting more than 1,000 jobs at risk – telling landlords it will have to close unless they agree to rent-free occupancy of its nightclubs. This…
An M&B spokeswoman said: ‘As announced in September, M&B re-opened the vast majority of its estate, approximately 95 per cent, after the first lockdown ended. ‘The remaining sites have been under review on a case-by-case basis since and we have taken the difficult decision not to…
Sell My Commercial Property have recently purchased a large number of high street shops, offices and houses and flats with sitting tenants. We are here to assist property owners who want to sell and need to sell and who are fed up with estate agents who promise…
Womenswear chain Bonmarche has collapsed into administration for the second time in just over a year, putting more than 1,500 jobs at risk. This will lead to even more vacant shops appearing on the high streets and the value of these properties falling substantially.
The chain has become the latest high street casualty and will be liquidated in the New Year after rescue talks with JD Sport fell through, drawing a line under 242 years of trading and jeopardizing 12,000 jobs. This is catastrophic for our high streets which relied on…
Sir Philip Green’s Arcadia retail empire has fallen into administration with 13,000 jobs and hundreds of stores at risk, making the Topshop owner the UK’s biggest corporate failure of the coronavirus crisis so far. What does this mean for our high streets? Its simple and the news…