Property News
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NewsGreggs’ Bitesize format makes debut in supermarket
The new opening – at Tesco Southwark Superstore – is the fifth site to open in Greggs’ smaller Bitesize format and supports its broader shop estate growth plans
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NewsCosta planning 200 further store refreshes this year
Costa Coffee is continuing to upgrade its UK and Ireland estate, with 200 further “refreshes” planned for this year, as CEO Philippe Schaillee works to continue period of strong sales momentum.
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NewsPitch secures US franchise partner
The competitive socialising brand has signed a deal to launch 15 sites across the US over the next five years, with a debut site in California opening in early 2027
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NewsRocco Forte Hotels grows revenue and profit as luxury demand remains resilient
Group revenue rose 8.4% to €345.1m (£296.8m), with the luxury hotel group reporting strong trading across its portfolio while investing heavily in refurbishments and expansion projects
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NewsOpen Restaurant Group acquires Wreck Bistro from Gary Usher
The acquisition takes Open Restaurant Group’s portfolio to nine sites, following its takeover of Hispi in Didsbury from Usher’s Elite Bistros
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NewsBread Ahead Borough told ‘you’ve become too successful’
Founder Matthew Jones says Borough Market landlords have declined to renew the lease on Bread Ahead’s flagship bakery and baking school as the business is now seen as international and a chain
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NewsStarbucks invests $1bn to make stores more warm and welcoming
The chain is seeking to make 9,000 cafés feel more like a “community lounge”, serving as an oasis for “lonely and disconnected” lives lived online
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NewsIncipio unveils ‘Britain’s largest Italian restaurant’
Juno, set to open next month, will occupy more than 11,500 sq ft within the redeveloped Olympia estate, offering 265 covers with capacity for up to 500 guests
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NewsJersey Mike’s confirms debut London site
The American sandwich brand will open on the former Spaghetti House site on Argyll Street, near Oxford Circus, in late autumn, the first of the four central London sites
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NewsStarboard Hotels acquires seven-strong Accor portfolio
The group, in a joint venture with LaSalle Investment Management, has acquired the hotels from Ares Real Estate Funds and EQ Group for an undisclosed sum
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NewsFuller’s acquires collection of 10 'outstanding' pubs
The sites, acquired via a transaction with Stonegate Group and a simultaneous separate transaction with an institutional property investment company, are “iconic” pub operations, said Fuller’s, with nine of them located in prime London postcodes and the remaining site in the centre of Bath.
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NewsIn pictures: Black Sheep Coffee opens debut UK drive-thru
The fast-growing coffee shop chain opened the drive-thru at Townsmoor Retail Park in Blackburn
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NewsXP Factory faces ‘significantly weaker competitive socialising market’
Chairman James van den Bergh described the year as “one of resilience rather than progress”, with Escape Hunt in growth but Boom Battle Bar seeing declining sales
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NewsFireaway launches new convenience store format
The fast-growing pizza franchise has opened a concession inside Welcome Rickmansworth, which is already home to a Subway
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NewsIn pictures: Montréal sports brasserie brand LaCage makes London debut
Canadian restaurant operator Groupe Grandio is taking its first step into an English-speaking market with the launch of LaCage in London’s Kensington
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NewsHeavenly Desserts unveils new name
The group’s new Crawley location will launch as Heavenly, with the updated moniker reflecting the brand’s expansion beyond desserts into coffee and brunch
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News
Arcade-backed burger brand Manna to launch standalone site
The restaurant will serve Manna’s full menu, including the double Manna and classic smash burgers, alongside sides including waffle fries
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NewsMarket Taverns promotes Miles Slade to CEO
It comes as the independent London pub group prepares to accelerate investment in its estate and pursue further expansion
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NewsBlack Sheep Coffee to launch first UK drive-thru
It will be the coffee shop chain’s second location in Lancashire, with further sites already in development across the region
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NewsGreene King upping investment in London pub estate
Thirty-nine of its sites in central London – “the core of the core” of its 2,500 estate – are to receive investment this year, Greene King CEO Nick Mackenzie has said.