Property News – Page 23
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Turtle Bay site sold for £1.18m
Birmingham Properties Group (BPG) has sold a restaurant unit let to Turtle Bay in Birmingham to a private investor for £1.18m
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Caffe Concerto pays record retail rent for Mayfair site
Thor Equities has let a prime retail unit in London’s Mayfair to Caffè Concerto at a record rent for the street
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‘Supertraders’ distorting London rents
A new report has blamed so-called ‘supertraders’ for distorting London’s restaurant market, adding to challenges which are having a “toxic effect” on operators.
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Sports Bar & Grill puts Piccadilly Circus site on market
Sports Bar & Grill has put its rebranded site in Piccadilly Circus on the market for a second time, MCA has learnt.
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Manchester rents reach £50 per sq ft mark
Increased demand for restaurant space in Manchester has pushed top rents in prime flagship locations up to £40-50 per sq ft
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CDG Leisure moves to Soho
Property advisory firm CDG Leisure has opened a new head office in London’s Soho
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Freehold of Electric Star pub sold
The freehold of an Electric Star Pubs site in Leyton, east London has been sold for a net initial yield in the region of 5%.
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Flurry of post-brexit deals points to sector resilience
DCL: Flurry of deals highlights sector’s resilience and appeal to both operators and landlords post Brexit
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London property let to EAT sold for £10.5m
Vectis Property Group has acquired the freehold interest of 19 Golden Square, London from FKS Capital Partners for £10.5m
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Wandsworth council moves to protect pubs
The London borough of Wandsworth has become the first local authority in Britain to seek to formally protect its pubs from redevelopment
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Savills UK acquires GBR Phoenix Beard Holdings
Savills UK has the acquisition of property consultancy GBR Phoenix Beard Holdings Ltd
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Garston swaps Restaurant Property for CBA
Nick Garston, who stepped down from Restaurant Property earlier this year, has joined rival firm Charles Benjamin Associates as a director
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Angel Comedy buys first pub
Angel Comedy, the crowd-funded operator of free comedy nights, has acquired the Mucky Pup pub in Islington.
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Hammerson’s Grand Central acquisition cleared by CMA
The Competition and Markets Authority has cleared Hammerson’s £335m acquisition of Birmingham’s flagship Grand Central shopping centre.
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Q2 commercial property rents up 1%
Rents across prime UK commercial property increased by 1% in the second quarter
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Intu H1 rental lfl income up 7.5%
Shopping centre landlord Intu has reported like-for-like net rental income increased by 7.5% in the six months to the end of June
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Hammerson reports H1 dip in retail sales
Landlord Hammerson has reported retail sales down 0.8% across its shopping centre portfolio for the six months to 30 June, because of “subdued consumer confidence”.
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British Land CEO says Brexit likely to lead to ‘cautious approach’
British Land chief executive Chris Grigg has said the company has continued to see strong demand for retail leases since the EU referendum but has said he expects some occupiers and investors to “take a more cautious approach”.
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South African multiple operator secures first UK site
The new owners of a Bath restaurant have plans to create a champagne and whisky bar in the building.
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Poll shows pitfalls of selecting property agents
A snap poll of members of the Association of Valuers of Licensed Property (AVLP) has stressed that local knowledge is the most important quality in selecting an agent.