Property News
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NewsSoho Estates pledges to be ‘responsible custodian’ of area
Newly announced CEO Fawn James said she will be “exploring opportunities beyond our traditional portfolio, such as new types of spaces, partnerships or investments that complement what we do”
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NewsDerwent London launches all-day café concept
DL/ Service will be open to the public across four of Derwent’s buildings in Fitzrovia, Old Street and Whitechapel
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NewsBritish Land acquired £240m of retail parks
The six-strong portfolio includes Orchard Centre in Didcot and Cyfarthfa Shopping Park in Merthyr Tydfil, where the likes of Loungers, McDonald’s, KFC, Nando’s, Greggs, Pizza Hut, Costa, Subway and Starbucks are tenants
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NewsRedCat appoints new group property director
David Roberts joins the Rooney Anand-chaired pub business from Stonegate, and replaces Kamran Aziz, who is entering retirement
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NewsInsomnia Cookies UK appoints head of property
The late-night cookie brand has appointed Kevin Norman, who joins the company from Rekom UK, as head of property
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NewsProperty deals held off until New Year
Buyers and vendors are now delaying transactions until 2024 to avoid business disruption over Christmas, according to Christie Group
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NewsNew calls to freeze business rates
Analysis by UKHospitality suggests increasing business rates by inflation could increase bills for the hospitality sector by £220 million next year, The Sunday Times reports
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NewsShaftesbury and Capco merger due to complete next month
The merger between the two British landowners in London has been given the green light by the Competition and Markets Authority
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NewsCapco sees strong trading in Covent Garden
The West End property company, soon to merge with Shaftesbury, said it saw leasing momentum in its targeted categories, including new signings such as Gaucho
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NewsWetherspoon struggles to offload venues
The pub operator has only sold a handful of the 35 venues it has put up for sale, amid nervousness over the cost of living crisis and uncertain market conditions
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NewsWest End sees ‘rapid rebound’ in 2022
Shaftesbury has reported a sustained recovery in confidence and activity, driving growing footfall and spending ahead of 2019 levels.
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NewsCMA to investigate Shaftesbury and CapCo merger
The two landlords reached an agreement on a recommended all-share merger of the two companies in June this year.
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NewsJD Wetherspoon confirms further pub disposals
The pub operator has appointed CBRE and Savills to sell seven further pubs, in addition to the 32 already on the market.
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NewsThe Alchemist secures York site
The bar and restaurant group is set to open its first site in York, next year, after securing a 5,000 sq ft space at The Coach House building in the city.
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NewsWest End property values fall
The value of commercial property in the West End of London is falling as higher interest rates impact the area’s recovery, however pre-Christmas trading has been strong
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NewsDistrkt: ‘London’s property dynamics have changed’
At MCA and BigHospitality’s Generation Next event, co-founder Camilla Topham discussed the post-pandemic property landscape and the property consultancy’s expectations for next year
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NewsInn Collection secures further Welsh property
The group has completed on its second Welsh site – The Bull in Beaumaris on the Isle of Anglesey – for an undisclosed sum, taking its estate to 32 sites.
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NewsBrasserie Bar Co appoints group property director
Ed Little, formerly property director at RedCat Pub Company, will join the group on 5 October
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NewsPret’s Winzer promoted to property director
Lucy Winzer was previously UKI head of estates and acquisitions – a role she had held at the growing food to go chain since September 2020
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NewsRed Oak appoints property & acquisitions director
Red Oak Taverns has strengthened its senior team with the appointment of Graeme Bunn as property & acquisitions director