Warehouse developments to double this year as retailers respond to online shopping demand April 6, 2021 Warehouse space developments have boomed this year due to the rise of online shopping during the coronavirus pandemic, with the amount of sites set to complete in 2021 doubling compared to last year. The latest research showed that 40m sq ft of warehouse space developments are scheduled for completion this year, compared to the 20m [...]
Retailers prepare to reopen doors as shoppers look forward to returning to high street April 6, 2021 Retailers are preparing to reopen their doors next week after months of closure, with many consumers looking forward to returning to the high street. Research published this morning showed that 84 per cent of Brits said they are likely to visit their local high street or shopping centre next week, after non-essential stores reopen on [...]
Nobu and Hakkasan delivery app Supper to raise £5m to expand high-end restaurant platform across London April 6, 2021 Premium London restaurant delivery app Supper, which counts Nobu, Hakkasan, Zuma and Hide among its clients, has launched a £5m funding round to expand across the capital. The takeaway platform, which has described itself as the “Michelin star Deliveroo”, will raise £1.5m through private equity investment firm Growthdeck as part of the fundraise. Supper, which [...]
Mayfair mansion worth up to £100m for sale April 6, 2021 A Mayfair mansion, which could be worth up to £100m after redevelopment, is on the market, making it the largest residential property currently on sale in London. The Grade II-listed building at 38 Hill Street is on offer for £38m, with estate agents saying it could remain as a single mansion or be transformed into [...]
Peacocks rescued from administration, saving 2,000 high street jobs April 6, 2021 High street retail chain Peacocks has been rescued from administration after being bought by an investment consortium, saving around 2,000 jobs. Edinburgh Woollen Mill Group, the retail empire owned by billionaire businessman Philip Day, has agreed to support the sale of its high street brand. EWM Group said it had backed a bid by an [...]
Homeserve expects £10m profit jump as renovations boom during pandemic April 6, 2021 Homeserve said it expects to report a £10m jump in profit when it publishes its full-year results, due to the surge in demand for home improvements during the pandemic. Adjusted profit before tax for the financial year ended 31 March is expected to be around £191m, up from £181m in the previous year. It said [...]
Airbnb blocks 200 UK listings in crackdown on party houses April 1, 2021 Airbnb has blocked a further 200 listings in the UK during a crackdown on “party houses”, bringing the total number of properties removed or suspended to 1,000 over the past six months. The holiday letting platform said the suspensions are focused on listings with descriptions that appear to allow parties, which is against Airbnb’s policy. [...]
Bank of England targeted by Extinction Rebellion activists April 1, 2021 Climate activist group Extinction Rebellion has this morning targeted the Bank of England, spraying the building with fake oil. The demonstrators were protesting investments in fossil fuels, accusing the Bank of “funding destruction in a climate crisis”. Activists, some dressed as jesters, sprayed the dye at the building, known as “the Old Lady of Threadneedle [...]
Top of the shops: Asos sales growth set to continue due to lockdown gains April 1, 2021 Asos is set to report a further jump in earnings and sales as continuing lockdown restrictions have kept consumers shopping online. Revenue is expected to jump 22 per cent to around £1.95bn when it updates shareholders on its trading performance for the half year to February. Earnings are also expected to surge 135 per cent [...]
Former Savile Row police station sold to European developer for £50m April 1, 2021 European real estate firm CPI Property Group has bought a former police station in Savile Row, in a deal that is thought to be worth around £50m. The firm, which owns property in Berlin, Prague and Warsaw, said the recently decommissioned West End Central Police Station at 27 Savile Row has been “acquired as a [...]
