Arcadia has more than 500 standalone stores, and a number of listed property companies have shops across their estates that are used by Arcadia brands. These include:
British Land (circa 20 Arcadia stores)
Capital & Regional (2 Arcadia stores)
Hammerson (15 Arcadia stores)
Landsec (10 Arcadia stores)
NewRiver (4 Arcadia stores)
These only represent a tiny part across these landlord’s wider store portfolios, but any uncertainty surrounding a tenant comes at a difficult time.
A number of retail property owners have seen rental income hit in 2020 as scores of retail and hospitality businesses have struggled to pay rent. Numerous high street businesses have suffered from lockdowns, forcing them to close sites and have less, or no, trade.
There have been a number of firms seeking a Company Voluntary Arrangement this year. It is a restructure model that firms use to seek rent cuts or shop closures.
