All Property articles – Page 31
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News
Leicester Square Yates site brought to market
The 11,000sq ft bar & restaurant in Leicester Square, currently occupied by Yates is being marketed on a new lease, with a guide rental of £2m per annum
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£480m retail and leisure development set for Sheffield
Sheffield City Council has unveiled plans for 700,000sq ft of retail and leisure space in the centre of the city as part of a £480m regeneration project
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NewsIntu to add Travelodge at Lakeside
A 74-room Travelodge hotel will be built at intu’s Lakeside shopping centre in Thurrock, Essex after signing a 25 year lease for a five-storey hotel at one end of the Alexandra Lake within the grounds of the retail complex
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Savills: Market value of London property deals hits £21.9bn
Estate agent Savills said the overall market value of its transactions in London reached a record level of £21.9bn in 2014.
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OpinionTurnover rents come to the West End
The trend for turnover leases is creeping into the West End, and the nature of these appear to be evolving, according to Victoria Oates, director of Shelley Sandzer Professional Services
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Shaftesbury secures £130m long-term funding
Landlord Shaftesbury has secured £130m of long-term funding
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News
Freehold of M&B let Hollywood Bowl sold
The freehold of Birmingham’s Hollywood Bowl has been sold for £5.1m, representing a net initial yield of 6.45%.
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NewsPrezzo plans sale & leaseback
Prezzo, the TPG Capital-owned restaurant group, is set bring a package of freehold sites on to the market as part of sale and leaseback proces
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NewsIntu unveils plans for leisure development in Milton Keynes
Intu has unveiled plans to transform Milton Keynes’ shopping centre to create a dining area over two levels to offer customers better choice and a more relaxed environment
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News
Pub at Corfe Castle put on market
The National Trust is seeking an operator for the Bankes Arms, a 16th century pub with letting bedrooms in the historical centre of Corfe Castle.
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NewsBarburrito appoints property director; secures Cardiff site
Barburrito, the Morgan Davies-led chain, has appointed a head of property as it gears up for nationwide expansion that will see it double in size in the next two years
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Change in legislation reduces business rate refund claim period
Businesses have only three weeks to claim business rates refunds for commercial properties backdated to April 2010 due to recent legislative changes
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NewsBlack Dog continues property search
Black Dog, the Manchester-based bar and restaurant operator, is increasing the capacity of its Manchester Northern Quarter site by 60% following investment of more than half a million, M&C Report has learnt
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Majority of firms support locally-set business rates
More than two-thirds of UK businesses agree that councils should be able to set business rates locally, a national poll has revealed.
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Intu: Significant increase in catering and leisure development pipeline
Intu, the shopping centre operator, has reported occupancy rates of 95% for the 2014 financial year – the same as the year before- with like-for-like retail sales within its centres up 2.5%.
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Highest pub rent costs in two years
Pub rent as a percentage of projected turnover reached its highest level for almost two years in the last quarter of 2014, but saw a slight drop overall compared to 2013, according to the Royal Institute of Chartered Surveyors Pub Benchmarking Survey.
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Report names top 10 locations for business rates appeals
Colliers International has published its list of the areas that would most benefit from lodging an appeal against their business rates.
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News
Intu launches multi-channel promotion to drive footfall
Intu, the shopping centre operator, is launching a multi-channel marketing campaign across its shopping centres to grow footfall with the promotion of Home, an upcoming release from Dreamworks
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News
Hammerson says consumer confidence boosted revenues in FY14
Landlord Hammerson let 178,900 square metres of space during the year to 31 December, up 16% year-on-year, with like-for-like net rental income rising 2.1 per cent.
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NewsStonegate portfolio sold for £30m
A package of pubs let to Stonegate Pub Company has been sold by its backer TDR Capital to real estate investment company Mansford for c£30m