×
327
Fashion Jobs
TOPSHOP TOPMAN
Online Visual Merchandising Manager
Permanent · London
TOPMAN
Buyer (Maternity Cover)
Permanent · London
TK MAXX
20066-Loss Prevention Advisor
Permanent · Hatfield
TK MAXX
Loss Prevention Officer - Bristol
Permanent · Bristol
TK MAXX
Loss Prevention Advisor Northampton Area
Permanent · Northampton
TK MAXX
Loss Prevention Advisor - Hatfield
Permanent · Hatfield
ARCADIA GROUP
Information Security (Infosec) Officer
Permanent · London
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
TK MAXX
Shift Operations Manager
Permanent · Stoke-on-Trent
SANDRO UK
Senior Sales / Supervisor m/f
Permanent · LONDON
TOPSHOP TOPMAN
Senior Digital Visual Merchandising Manager (Maternity Cover)
Permanent · London
BURTON
Senior Buyer - Tailoring - Maternity Cover
Permanent · LONDON
TOPSHOP TOPMAN
Senior Marketing Manager
Permanent · London
TJX CORPORATE
Information Technology Graduate (2021)
Permanent · WATFORD
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
BURBERRY
Sales Associate - Bicester Village (Full-Time, Temporary)
Fixed-term · BICESTER
BLUE WASH LIMITED
Intellectual Property/Art Paralegal Intern
Internship · LONDON
VICTORIA'S SECRET
Seasonal Associate-Arndale Victoria's Secret Pink
Fixed-term · Manchester
BENSON & CLEGG
Retail & E-Commerce Internship
Internship · LONDON
REISS
Affiliate Assistant
Permanent · LONDON
Advertisements
Published
Mar 26, 2020
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Meadowhall owner British Land says it has the cash to see it through

Published
Mar 26, 2020

British Land has said it has a strong cash position to face the coronavirus crisis, and announced a three-month rent holiday for small retail, food and leisure tenants.


Meadowhall


The company owns or manages leading retail destinations including Meadowhall in Sheffield, Drake Circus in Plymouth and the new Broadgate development next to Liverpool Street station in London.

With the exception of Valentine in Lincoln, all retail centres in its portfolio remain open to provide access to essential stores such as supermarkets and pharmacies. About 12% of the total number of individual units are currently open.

As part of efforts to support tenants that are being hardest hit, British Land has offered to release smaller retail, food & beverage and leisure customers from their rental obligations for three months. For other tenants experiencing financial challenges because of Covid-19, the company will defer the March quarter day rents and spread repayment over the six quarters from September 2020. These actions could have a financial impact of £40m.

But British Land insisted it has a “strong and robust financial footing’, with cash reserves of £1.2 billion, undrawn facilities and no requirements to refinance until 2024.

In light of the uncertainty, all future dividend payments have been suspended with immediate effect, including the third quarter dividend due for payment in May. Underlying earnings for the year ending 31 March are expected to be ‘broadly in line’ with previous expectations.

Copyright © 2020 FashionNetwork.com All rights reserved.