All Property articles – Page 5
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NewsCaffè Nero hires KPMG to negotiate rent cuts
Caffè Nero has reportedly hired KPMG as it looks to negotiate rent cuts and review its property portfolio, Sky News reports.
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NewsIncipio Group praise landlords for ‘flexibility and support’
Incipio Group, the London-based large-scale restaurant and bar operator, has praised its landlords for their support in helping the business navigate the coronavirus crisis.
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InterviewsBoxpark CEO Roger Wade: Rent is the ‘dinosaur in the room’
Without a workable solution to tackle outstanding rent liabilities, all other support packages and recovery measures will be a “total and utter waste of time,” Boxpark CEO Roger Wade has said.
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NewsWahaca to shutter a third of estate
Wahaca is set to close a third of its estate in a bid to secure its future beyond the coronavirus crisis.
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NewsBoxpark appoints new property director
Boxpark has appointed Simon Bishop as property director to drive the company’s development plans over the next five years. Bishop has over 25 years’ experience in leisure acquisitions and has delivered sites in both the UK and Europe for brands including Peach Pub Company, Scottish and Newcastle Retail, City Inn ...
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NewsStar invests a further £4m in rent reductions
Star Pubs & Bars is to invest a further £4m in rent reductions for its leased and tenanted pubs in September and October.
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NewsLandlords and operators issue joint call for government rent support
Landlords and operators have come together in a joint call for a government backed ‘property bounceback grant’ to facilitate in rent negotiations.
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NewsItsu hopes to cut rents on 53 sites in CVA
Itsu plans to close two and cut rents on 53 of its sites by means of a company voluntary arrangement.
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NewsGovernment calls for evidence on business rates reform
The Government has called on businesses, business representative organisations and other interested parties to provide evidence for a fundamental reform of business rates
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NewsColliers: Crisis forcing ‘fundamental restructuring of the sector’
Casual dining spending in the UK will fall by more than £20bn this year, according to estimates Colliers.
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NewsTed Schama: Help hospitality feed the economy
Having seen numerous cycles, although they have not been easy, I have been comforted by the knowledge F&B is always the last to fall and the first to recover.
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InterviewsBrasserie Bar Co. MD Richard Ferrier: ‘Government rent intervention will do more damage than good’
With sites across the home counties, along the Thames, up to Leeds and down to Bournemouth, Brasserie Bar Company’s rent bill doesn’t come cheap. In the capital, some of the group’s prime locations include Southbank, the Tower of London and Threadneedle street. With this in mind, it may come as a surprise that managing director Richard Ferrier not only sees government intervention in the rent stalemate as unnecessary, but is actively against it.
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NewsShepherd Neame CEO Jonathan Neame: Sticking to the extremities of the rent debate won’t help anyone
Landlords and operators “sticking to the extremities” of the rent debate are only prohibiting their chances of finding a viable solution, Shepherd Neame CEO Jonathan Neame has said.
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NewsBritish Land agrees £3m in rent waivers
British Land has agreed £3m worth of rental waivers for the June quarter, on top of £2m for the March quarter, primarily for smaller, independent F&B operators.
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InterviewsBoxpark founder Roger Wade: ‘The rent code of practice isn’t worth the paper it’s written on’
After three months of forced closure, to say that a confirmed industry reopening date is a relief would be a severe understatement. But for Boxpark founder Roger Wade, without a resolution on rent, for many operators this relief could be painfully short-lived.
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NewsUK Hospitality CEO Kate Nicholls: Rent code the start not the end
Following the publication of the government’s voluntary rent code of practice last week – considered as little more than a token gesture by many – UK Hospitality CEO Kate Nicholls has reassured operators that the code is just the starting point for further rent support.
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Analysis & Insight‘The model is broken’: solving the leasing question
Throughout lockdown, it has been easy to cast commercial landlords as the big bad wolf.
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InterviewsChop’d MD Eddie Holmes: We can’t open without rent solution
Whether it be the end of June, the beginning of July, or tomorrow, for Chop’d managing director Eddie Holmes, the government’s proposed hospitality reopening date is irrelevant. For Holmes, it’s not a question of when, but how, and without a workable solution to the rent issue, the 14 Chop’d sites across the UK won’t be opening any time soon.
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NewsUKH urges PM to help tackle £1.4bn industry rent bill
UK Hospitality has urged the Government to help the industry tackle a £1.4bn rent bill and aid the survival of thousands of businesses.
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NewsDowney proposes revised 12-month rent free plan to chancellor
Jonathan Downey has written a second letter to the chancellor Rishi Sunak with a new national time out rent proposal.