Property News – Page 26
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ETI creates property director role
Enterprise Inns has restructured its executive management team to bring in a property director, MCA understands.
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Battersea Power Station reveals more on openings
Joanne Skilton, head of leasing at Battersea Power Station has told MCA there is one restaurant opportunity remaining at the first phase of the development – Circus West.
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Golfrate seeks to consolidate London pub estate
Golfrate, the London-based property management company, has put the freeholds of two London pubs on the market.
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£150m Cains Brewery development unveiled
Plans have been unveiled for the £150m Cains Brewery Village development in Liverpool.
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Cote bolsters property team
Cote has bolstered its property team with the appointment of former The Restaurant Group senior acquisitions manager Sammy Jones
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Poll shows confidence in ‘buoyant’ licensed property market
Almost three quarters of property surveyors and valuers think the licensed property market is more buoyant than a year ago, a new poll has shown.
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Restaurant Property partners with Action Against Hunger
Restaurant Property is asking its restaurant and leisure clients for a £50 donation per invoice for Action Against Hunger.
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Growth in Zones Two & Three is set to outstrip Zone One
Economic growth in zones two and three in London is set to overtake that in central London over the next 20 years as London’s economy rebalances,
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FY rental income up 8% at Intu
Shopping centre landlord Inti has reported an 8% increase in net rental income to £428m in the year to the end of 2015
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Itsu appoints property director
Itsu has appointed Tim Lloyd, formerly of Card Factory and Jones Lang LaSalle, as its new property director
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RICS data shows pub turnover and rents up in Q4
The average rent on a new pub lease was £29,253 in the fourth quarter (Q4) of 2015, up by more than 3% year-on-year, according to the latest figures from the Royal Institute of Chartered Surveyors’ Pub Benchmarking Survey.
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Hammerson sees 2.3% increase in FY rent
Landlord Hammerson saw net rental income increase by 2.3% on a like-for-like basis during the year to 31 December to £318.6m.
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Work begins on £200m Telford scheme
Sovereign Centros has started construction on the first phase of the £200m regeneration of Telford’s shopping centre
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Restaurant Property and CBRE appointed joint agents for Angel Central
Restaurant Property and CBRE have been appointed joint agents on Islington retail and leisure destination Angel Central.
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Le Gothique placed on the market
Le Gothique Bar and Restaurant, within The Royal Victoria Patriotic Building in Wandsworth has been brought to the market
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Shaftesbury: Hospitality now accounts for 35% of income
West End landlord Shaftesbury has said its 258 restaurants, cafés, pubs and bars now produce 35% of income – the same as its 316 shops.
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Land Sec & Crown JV acquires Oxford’s Castle Quarter
The Westgate Oxford Alliance, a joint venture between Land Securities and The Crown Estate, has acquired the Castle Quarter, Oxford for £47.2m
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Palmer becomes Bill’s property director
Bill’s Restaurants, the Richard Caring-backed concept, has promoted Tony Palmer to the role of property director
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NewsMarston’s completes c£25m sale and leaseback
Marston’s has completed the sale and leaseback of a seven-strong package of new build pubs in a deal worth £25.32m
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Hammerson acquires Birmingham’s Grand Central
Landlord Hammerson has exchanged contracts with Birmingham City Council to acquire the new Grand Central shopping centre in Birmingham for £335m.