Victoria Market closure confirmed as traders issued council warning

Nottingham City Council has confirmed the planned closure of the Victoria Centre Market – telling some traders their leases will be terminated by March next year.

One trader served notice this week said the authority’s handling of the market had been “apalling” and closure will stifle the development of independent businesses in the city. “With the council facing substantial financial challenges, it’s crucial that we address these outstanding rent issues. Additionally, we will be terminating legal agreements with traders who have applicable break clauses to cease their occupancy at the market.”

In June the authority confirmed it was still looking to close the market, however the target closure date was missed again. Some traders have now been served termination of lease letters stating they must vacate by March 25, 2025.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Police issue update after Market Street taped off at tram stopEmergency services rushed out to the scene
Source: MENnewsdesk - 🏆 23. / 69 Read more »

Companies issue record level of US debt to avoid market turbulence and election riskFlurry of investment-grade bond deals as investors prepare for a potentially volatile autumn
Source: FT - 🏆 113. / 51 Read more »

Preston City Wrestling hosts a smashing 10th anniversary on the Flag MarketThe Harris watches on as the crowds enjoy PCW on the Flag Market Pic: Steve Whiley Preston City Wrestling (PCW) returned to the Flag Market on Saturday 17th
Source: blogpreston - 🏆 82. / 55 Read more »

Oil Dominates the $5 Trillion Global Commodity MarketOil dominates global commodity exports, accounting for a substantial portion of the $5 trillion total.
Source: OilandEnergy - 🏆 34. / 68 Read more »

Watches of Switzerland confident of sales boost amid recovery in luxury marketThe retailer remains on track for sales to grow by up to 12% to around £1.73 billion over 2024-25, and for an improvement in profit margins.
Source: LBCNews - 🏆 75. / 59 Read more »

Currys boosted by AI-curious customers as it takes 50% laptop market shareThe electricals retailer said AI technology is ‘bringing excitement and innovation to customers’ amid growth in UK sales.
Source: ShropshireStar - 🏆 98. / 51 Read more »