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…
During the course of last year, the High Streets were decimated. Major national multiple retailers including Debenhams, Peacocks, Jaeger, Edinburgh Woollen Mill, Topshop, Dorothy Perkins, Burton, Miss Selfridge, Mothercare, Beales, TM Lewin, Carphone Warehouse, Cath Kidston, Oasis, Warehouse, Oliver Sweeney, Evans, Brighthouse, DW Sports, J Crew and Feather…
The pandemic has led to the collapse and permanent disappearance of many household high street retail names. In addition to this, others have gone into administration and been forced to close a large number of their shops, reduce staff numbers and generally scale back to…
The high street will never be the same again. A wave of retail failures has left the high streets decimated which has affected landlords who are struggling to collect rent from their tenants. What is the answer? The face of the high streets will change…
Coronavirus has recently wiped out 700,000 payroll jobs in the UK as the unemployment rate has spiked to 4.1% with 2.7 million on benefits. This has had a knock-on affect on all types of commercial property, especially retail and offices.
For those of you who think the worst is over for retailers, think again. Since the start of 2016, the following retailers have failed: BhS, Beales, Sports Authority, Kendall Mint Cake, Castle Bakery, Hawick Knitwear, Ben Sherman, Brantano, Blue Inc, John Cooper & Sons, Atterley,…
Sell My Commercial Property are still very keen to buy high street retail shops. Although this sector has still not recovered from the worldwide financial crisis of 2008/2009, and many property investors are still nervous about buying high street retail shops, we at Sell My…
Carter Jonas is predicting total returns from commercial property will fall to 8.8% in 2016. This contrasts with total returns of 13.4% this year. The property consultancy said yields were at or approaching previous lows and that capital value growth was unlikely to drive returns…
The short answer to this is many things! However, those who own retail property and especially those who were looking to sell their shops will have noticed that more retailers have disappeared from the high streets, shops are still standing empty, high streets have still…
High street retail property values are likely to remain static, but some say may fall, throughout 2016. Retailers will continue to struggle, investors will continue to favour buying offices and the public will continue to shop from the comfort of their homes. As demand for…