Property News – Page 34
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Fleurets reports pub prices up across the board for 2014
The average price of a leasehold pub has soared 23% year-on-year for 2014, while freehouses rose 25% and bottom-end freeholds 12%.
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Soho restaurant site sold for £4.3m
London and Strategic Estates, a subsidiary of Sapcote Group PLC, has acquired a site on Wardour Street which is home to Spanish restaurant MasQMenos.
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Manchester Business School development to create new leisure hub
A new £50m redevelopment of Manchester Business school will create a 40,500sq ft retail and leisure offer.
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NewsPatisserie Holdings: Expansion, property, acquisitions, Next
M&C Report talks to Patisserie Holdings chairman Luke Johnson and chief executive Paul May on the back of the Patisserie Valerie (PV) operator’s full-year results
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NewsM&B: Harvester, breakfasts, Castle, property and value
M&C Report takes a closer looks at today’s full-year update from Mitchells & Butlers (M&B) and talks to chief executive Alistair Darby
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NewsStonegate portfolio sold for £23.5m
A portfolio of 17 freehold pubs let to Stonegate Pub Company has been sold by PFA Acquisitions to real estate investment company Aprirose for £23.5m
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NewsBe At One appoints property director
Be At One, the Piper-backed cocktail bar chain, has appointment experienced property professional Chris James as its new property director
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NewsBritish Land secures ETM and Yauatcha for Broadgate
British Land has secured Michelin starred restaurant Yauatcha, and The Botanist, the latest bar from ETM Group, to anchor its redevelopment of Broadgate Circus
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NewsCosta & Greggs make top five tenants list
Costa and Greggs both made the top five in list of 50 top tenants across the UK’s shopping centres, according to the Going Shopping 2015 Guide
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Half-year revenue up at Land Sec
Landlord Land Securities said that it continued to reshape its portfolio, “acting decisively in response to rapid changes in consumer behaviour”
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US chains are paying “silly rents and premiums”
Some American chains are paying “silly rents and premiums” in London, and overheating the capital’s property market
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Soho restaurant site rents nudging £130psf
Rental levels for restaurant sites in London’s Soho are currently nudging the £130 per square foot (psf) mark
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NewsYO! Sushi property in Poland Street marketed
The site housing the original YO! Sushi in London’s Poland Street has been placed on the market with a price tag of £6m
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NewsPaul UK and Bill’s sites sell for £6.2m
A set of properties housing Paul UK and Bill’s Restaurant outlets has been sold on a long leasehold basis for £6.2m.
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L&G purchases Piccadilly Gardens for £23m
Legal & General Property has acquired 19/31 Piccadilly Gardens in Manchester, which includes units let to Zizzi’s and Nando’s, for £23.1m
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Fleurets warns of "lack of transparency" in rental market
New lettings can often lack transparency and are not representative of the “true market” Fleurets, the leisure property specialist has warned lessees
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Golfrate acquires 11-strong pub portfolio
Golfrate, the London-based property management company, has acquired an 11-strong package of pubs, the majority of which are owned by Punch Taverns, in a deal funded by a new £20m loan
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NewsSpirit to sell Earls Court pub for c£15m
Spirit Pub Company is close to completing the sale of its Prince of Wales pub to Capital & Counties Properties PLC (Capco), in a deal valued at c£15m
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Parity Bars freeholds marketed
A nine-strong package of freehold pubs, six of which have Parity Bars as the tenant, has been placed on the market with CBRE
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London’s Westfield tops ‘vitality’ retail poll
Harper Dennis Hodge, the property specialist, has created a ranking system for British retail spaces that scores the quality not just the size of an offering