Property News – Page 27
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Hammerson acquires Birmingham’s Grand Central
Landlord Hammerson has exchanged contracts with Birmingham City Council to acquire the new Grand Central shopping centre in Birmingham for £335m.
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Wagamama appoints new property director
Wagamama, has appointed Stephen Boyce, currently head of property at Arcadia, as its new property director
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NewRiver reports progress on pub developments
NewRiver Retail has reported further progress in its development pipeline for its pubs as well as deals with Burger King and Costa in its third quarter to 31 December.
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Value of pubs and restaurants grew c10% in 2015
The average price of pubs grew 10.1% in 2015 while restaurants saw their value increase 9.9%, according to the latest Business Outlook report from Christie & Co.
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British Land reports Q3 footfall up 2%
British Land has reported retail footfall up 2% across its portfolio in its third quarter to 31 December.
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Freehold interest in The Botanist Marlow sold
A private investor has acquired the freehold interest of The Botanist site in Marlow, which opened last month, for close to £2m
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NewsCambridge tops UK Vitality Index
Cambridge has the best prospects for economic growth of any major UK destination outside London, according to the UK Vitality Index.
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Report reveals shift in alternative use for pubs
Analysis by Fleurets has shown a drop in the number of pubs being sold for development into convenience stores but a rise in conversions to coffee shops.
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Fleurets: Era of mass disposal of non-core pubs over
The mass disposal of bottom end tenanted pubs has now ended, according to property agent Fleurets.
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NewsNewRiver acquires £108m portfolio
NewRiver Retail, the UK REIT which owns 360 pubs, has announced acquisitions worth £108m.
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Osmond: Current rental levels a risk for everyone
Hugh Osmond, the owner of Strada, has told M&C that some of the rents currently being talked about across the restaurant sector are a risk for everyone, including the landlords
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Rating revaluation will impact many operators’ property decisions
The imminent rating revaluation will impact many operators’ property decisions in 2016
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Coffer Group: Yield compression to come to an end
The leisure investment sector is likely to see a slow-down in transactions from 2015, due to a shortage of prime properties coming to the market
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DCL: Expect to see an in-fill of A3 sites in fringe locations
Expect to see an in-fill of A3 sites in fringe locations, especially around Holborn, Bloomsbury, Queensway, Southwark, City Road, Aldgate, and Deptford, in 2016
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JDW acquires Newcastle freehold for £5.6m
JD Wetherspoon has acquired the freehold of one of its pubs in Newcastle for £5.6m
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NewsWagamama seeks property director
Wagamama is seeking to appoint a new property director as it looks to open around 45 new restaurants over the next three years.
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NewRiver to raise £150m for growth
NewRiver Retail, the UK REIT which owns 360 pubs, is planning to raise £150m through a share placing to fund growth.
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Coffer Group strengthens leisure team
The Coffer Group has appointed three new joiners across its leisure agency and leisure M&A businesses
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News“Bricks & mortar” no longer needed to succeed
Jonathan Downey has said that new operators are no longer viewing a move into a permanent “bricks & mortar” site as a necessary step in order to succeed in the industry
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Kirton to head up Colliers UK leisure division
Colliers International has announced that Ross Kirton has been promoted to the role of head of UK Leisure Agency