All Property articles – Page 25
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News
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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News
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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News
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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News
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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News
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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News
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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News
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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News
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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Analysis & Insight
Rise to challenge of site prices
Almost universally, operators hold the view that increasing property costs are presenting an enormous challenge to the restaurant and licensed property sectors in the UK. The question is, are the costs sustainable, do they present a real danger to the sector, and if so, where?
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News
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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News
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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News
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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News
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.
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News
Wagamama appoints new property director
Wagamama, has appointed Stephen Boyce, currently head of property at Arcadia, as its new property director
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Analysis & Insight
Outer London pub freehold market increasing in popularity
The price paid per square foot for freehold pubs across outer London (outside Zones 1&2) doubled last year from £178.64 in 2014 to £356.67
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News
NewRiver reports progress on pub developments
NewRiver Retail has reported further progress in its development pipeline for its pubs as well as deals with Burger King and Costa in its third quarter to 31 December.
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News
Value of pubs and restaurants grew c10% in 2015
The average price of pubs grew 10.1% in 2015 while restaurants saw their value increase 9.9%, according to the latest Business Outlook report from Christie & Co.
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Analysis & Insight
Christie & Co: Rent pressure spreading to regions
Restaurant numbers will continue to rise by c10% a year but growth opportunities may be hampered by rising rents in the regions, according to Christie & Co.
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News
British Land reports Q3 footfall up 2%
British Land has reported retail footfall up 2% across its portfolio in its third quarter to 31 December.