Property News – Page 19
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Starbucks Clapham freehold sells for £4.6m
A private Irish investor has acquired a Starbucks site in Clapham Junction for £4.6m, representing a 4% yield
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NewRiver secures new leases on 21 Marston’s pubs
In its third quarter update, NewRiver – the UK REIT and pub owner – has said the business is in good shape despite continued macro uncertainty.
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New Mediterranean concept to launch on Victoria pub site
A new Mediterranean restaurant & bar concept is to be launched at the site of the Greyhound pub, close to London’s Victoria Station.
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Saunders to step down from Wagamama
Adrian Saunders is to step down as head of acquisition at Wagamama, the Duke Street Capital-backed chain
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NewsItsu appoints new property director
Andy Singleton has stepped down as head of real estate at Patisserie Holdings to join Itsu
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Shaftesbury to develop Cha Cha Moon site
Shaftesbury has announced that it has exchanged on an agreement to surrender the Cha Cha Moon lease
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Prezzo seeks head of acquisitions
Prezzo, the TPG Capital-backed restaurant group, is seeking to appoint a head of acquisitions
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Campbell steps down from Fleurets
Graham Campbell has stepped down from his position as head of restaurants at property advisor Fleurets
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Colliers acquires Vision Asset Management
Colliers International has acquired European hospitality asset management company Vision Asset Management
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Hammerson to sell 50% of Watermark scheme
Hammerson has announced it is to sell 50% of its new Watermark leisure development in Southampton to GIC
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NewsTfL sets out plans to open railway arches in Wood Lane
Transport for London (TfL) has announced that it plans to open 31 of its railway arches near Wood Lane Tube station
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Love Coffee CVA wins approval
Love Coffee has been saved from collapse after creditors voted in favour of a company voluntary arrangement (CVA)
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London rents up 22% since 2010
Fleurets latest annual rental survey has shown prices in London continuing to rocket and predicted that Brexit is only likely to exacerbate the situation.
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Garston joins BGP to head up new tenant department
BGP has announced that Nick Garston has joined its team as a director to head up a new tenant representation department
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NewRiver joins FTSE 250
NewRiver, the UK REIT which owns 360 pubs, has announced its inclusion in the FTSE 250 for the first time.
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Shaftesbury warns on business rates hikes
Landlord Shaftesbury has said the West End remains buoyant but has warned of the impact of business rate hikes in 2017 – which will see increases of 30% to 40% across its estate.
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BPF criticises Love Coffee CVA
The British Property Federation (BPF) has criticised the owners of independent coffee chain Love Coffee for seeking a restructuring deal
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Mosaic acquires former Faucet site for £1.3m
City Pub EIS Fund, now trading as Mosaic Pub & Dining, has acquired its 10th pub.
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Bella Italia property sold for £3.55m
The freehold of a Grade II-Listed property in Exeter, including a Bella Italia, has been purchased for £3.55m