All Property articles – Page 2
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Analysis & InsightElizabeth line: ‘Tottenham Court Road could become the centre of the West End’
The pandemic has led to an influx of day trippers to the capital and the opening of the Elizabeth line is set to amplify this. MCA assesses what the impact might be on F&B and which locations could flourish.
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NewsBurden of property tax must be addressed
UKHospitality is calling on the government to address the “unfair burden” of property tax on the hospitality sector as it recovers from the pandemic
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NewsFlat Iron appoints property director
Romy Clay was previously senior acquisitions manager at Wagamama for three and a half years
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Analysis & InsightPrices for quality freeholds up almost 10% in 2021
The average price of freehold freehouses increased by 9.5% last year, on H2 2020, according to Fleurets’ new survey of pub prices report 2021.
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NewsHall & Woodhouse seeing good property opportunities
The Dorset-based brewers and pub operator is on track to add 10 sites to its portfolio this year as part of its growth strategy.
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Analysis & InsightRents and vacancy rates continue to fall in key London locations
The decline in central London prime zone A rents has seen a further fall, down 17.4% year-on-year, according to Savills.
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NewsShaftesbury commits to net zero by 2030
West End property landlord Shaftesbury has committed to becoming a net zero carbon business by 2030 and will be carbon neutral for its own corporate emissions by 2025.
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NewsIsland Poke appoints Sophie Street as head of property
Island Poké has appointed Sophie Street, formerly of the Ivy Collection and Bill’s, as its new head of property as it plans further expansion.
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NewsBusiness rates relief will have ‘limited benefits’
The Chancellor’s Budget announcement has been described as “underwhelming” as it is limited to a maximum discount of £110,000.
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NewsProperty market is ‘once in a lifetime opportunity’ for Tortilla
Torilla CEO Richard Morris has told investors the fast-casual brand’s pipeline is as “strong as it’s ever been”, as it capitalises on property costs which are 20%-30% down.
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NewsETM appoints property director
George Copeman has been appointed to the newly created role across ETM and Maven Leisure – the new venture from ETM’s management team.
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NewsHot property: Big Table, Popeyes and Itsu join Restaurant Conference panel
The special panel will examine the opportunity for well-capitalised businesses looking to grow.
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NewsPizzaExpress hires property director
PizzaExpress has hired Clive Bentley, formerly of Holland & Barrett and Costa Coffee, as its new global property director, as the brand eyes 50 new restaruant openings.
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NewsDeliveroo to grow Editions with new property director
Deliveroo has appointed a new global property director for its Editions kitchens, as it looks to accelerate the expansion of the delivery-only model.
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NewsBPF proposes reforms to business rates revaluations
The British Property Federation (BPF) has proposed the government introduce annual business rates revaluations, describing the current system as “broken”.
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NewsRent collection improves during Q2
According to data from Remit Consulting, the collection of rent from commercial property tenants has continued to improve. Remit’s data suggests the ‘leisure sector’ has seen a marked improvement in rent payments during Q2. A quarter of tenants were said to have paid on time and within 21 days of payment due date, 49.5% of rents had been collected. In the March quarter, the equivalent figure stood at 38.4%.
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NewsCorbin & King in legal battle over rent debt
Corbin & King, the operator of The Wolseley, is currently in a legal battle with its landlord STJ Investments over an unpaid rent debt of c.£1 million which has built while the restaurant was closed during Covid-19 lockdowns. The landlord has tried to evict the Wolseley by taking Corbin & King to court and is now claiming that the Wolseley had illegally sublet the premises. Corbin & King says the claim is ‘spurious’.
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NewsHospitality rent collection levels on the up
An increasing number of restaurants and cafes have been able to pay their rent over the three weeks following June quarter day, according to the latest data from property agency Colliers.
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NewsNeat Burger and Urban Pubs & Bars among new Bishopsgate operators
British Land has agreed lettings with Neat Burger, Urban Pubs & Bars, Black Sheep Coffee and Honi Poké at its 155 Bishopsgate development.
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NewsLeisure sector sees rent collection levels double
The leisure sector has seen rent payments increase significantly in the two months since March quarter day, with levels up from 18% to 37%, according to new data from Colliers.