Property News – Page 37
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NewsStonegate-operated package sold in £28m deal
OLIM Property, the property investment company led by former Liberal Democrat Treasury spokesman Matthew Oakeshott, has acquired 15 freehold pubs let to Stonegate Pub Company for £28.3m
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Four Dublin pubs on the market
Four pubs in Dublin have been placed on the market and are expected to sell for c€13.5m (£11m) in total, reports the Irish Independent
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Max Property sees 13.3% uplift across pubs portfolio
Max Property Group has reported a 13.3% (£5.4m) increase in the valuation of the portfolio in the year to 31 March 2014
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Seven Dials shopping event leads to 30% rise in footfall
Shaftesbury PLC held its first-ever day-time shopping event last Saturday in Seven Dials and St Martin’s Courtyard, leading to a 30% increase in footfall versus the previous Saturday
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Shaftesbury: demand for leisure space continues
Shaftesbury says strong demand for its restaurant and leisure space “continues unabated”, with the West End property owner reporting that it had “little vacant” space available to let during the six months to 31 March
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Westfield Group: UK rent grows 5.1% in a year
Westfield Group, the Australia-based shopping centre operator, has reported that average speciality rent at its two UK sites grew 5.1% in the year to 31 March to £88.69 per sq ft
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Waitrose to open King’s Cross cookery school
Waitrose has agreed a deal with King’s Cross Central Limited Partnership to open a food and wine shop and cookery school in one of the development’s listed buildings
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CapCo achieves 98% occupancy
Capital & Counties said Covent Garden continues to re-define global luxury for the capital and said that demand for space from brands is strong across its estate, with occupancy at 98% as at 31 March 2014
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Intu reports improving environment
Shopping centre owner Intu has welcomed the improving retail environment in the UK, reporting a rise in consumer confidence leading to an increase in footfall.
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Confidence returns to restaurant property market
Restaurants sold by Christie + Co in the early part of the 2014 are selling at more than of 90% of the asking price on average, reflecting growing confidence in the market, according to the property agent’s head of restaurants Simon Chaplin
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NewsTurtle Bay to make London debut
Turtle Bay, the Piper Private Equity-backed Caribbean restaurant chain, has secured its first London site
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NewsCo-op stores to be built at 54 Marston's pubs
Co-op convenience stores are to be built on 54 Marston’s pub sites
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Shaftesbury markets Cambridge Circus restaurant site
Shaftesbury is marketing a restaurant location at Cambridge Circus, by Seven Dials in London’s Covent Garden
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Westfield London wins approval for £1bn extension
Westfield has received approval on plans for a £1bn extension to its shopping centre in Shepherd’s Bush
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Ex-Heineken head of property takes up new ops role
Andrew Cannons, the former head of property at Heineken UK (Stars Pubs & Bars), has become operations director at Bellrock
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CBRE: yields maintained on pub sales
Yields achieved by CBRE on pub sales have held for all but prime London corporate sites in the first quarter of 2014, according to new data from the company
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Greater proportion of pubs sold by Fleurets stay as pubs
Fleurets sold a greater proportion of pubs for continued pub use in 2013 compared to the previous year, while the average sale price was 7% higher than for alternative use
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Allsop raises c£78m from commercial auction
Allsop raised £77.9m at its second commercial auction of the year this week, which included a number of pub and freehold restaurant investments, with an average success rate of 82%
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NewsWagamama appoints JLL to aid expansion plans
Wagamama, the Duke Street Capital-led group, has appointed Jones Lang LaSalle (JLL) to advise it on its restaurant acquisition strategy.
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Shaftesbury acquires Jaeger House for £30.75m
Shaftesbury has invested £30.75m in acquiring Jaeger House in Broadwick Street, which the company said was an increasingly important east-west pedestrian route through Soho, connecting Carnaby and Berwick streets