Property News – Page 3
-
NewsIsland Poke appoints Sophie Street as head of property
Island Poké has appointed Sophie Street, formerly of the Ivy Collection and Bill’s, as its new head of property as it plans further expansion.
-
NewsBusiness rates relief will have ‘limited benefits’
The Chancellor’s Budget announcement has been described as “underwhelming” as it is limited to a maximum discount of £110,000.
-
NewsProperty market is ‘once in a lifetime opportunity’ for Tortilla
Torilla CEO Richard Morris has told investors the fast-casual brand’s pipeline is as “strong as it’s ever been”, as it capitalises on property costs which are 20%-30% down.
-
NewsETM appoints property director
George Copeman has been appointed to the newly created role across ETM and Maven Leisure – the new venture from ETM’s management team.
-
NewsUKHospitality requests urgent meeting with the Treasury
Government plans for a major overhaul of business rates have been “thrown into the long grass”, according to reports
-
NewsHot property: Big Table, Popeyes and Itsu join Restaurant Conference panel
The special panel will examine the opportunity for well-capitalised businesses looking to grow.
-
NewsPizzaExpress hires property director
PizzaExpress has hired Clive Bentley, formerly of Holland & Barrett and Costa Coffee, as its new global property director, as the brand eyes 50 new restaruant openings.
-
NewsDeliveroo to grow Editions with new property director
Deliveroo has appointed a new global property director for its Editions kitchens, as it looks to accelerate the expansion of the delivery-only model.
-
NewsBPF proposes reforms to business rates revaluations
The British Property Federation (BPF) has proposed the government introduce annual business rates revaluations, describing the current system as “broken”.
-
NewsRent collection improves during Q2
According to data from Remit Consulting, the collection of rent from commercial property tenants has continued to improve. Remit’s data suggests the ‘leisure sector’ has seen a marked improvement in rent payments during Q2. A quarter of tenants were said to have paid on time and within 21 days of payment due date, 49.5% of rents had been collected. In the March quarter, the equivalent figure stood at 38.4%.
-
NewsCorbin & King in legal battle over rent debt
Corbin & King, the operator of The Wolseley, is currently in a legal battle with its landlord STJ Investments over an unpaid rent debt of c.£1 million which has built while the restaurant was closed during Covid-19 lockdowns. The landlord has tried to evict the Wolseley by taking Corbin & King to court and is now claiming that the Wolseley had illegally sublet the premises. Corbin & King says the claim is ‘spurious’.
-
NewsHospitality rent collection levels on the up
An increasing number of restaurants and cafes have been able to pay their rent over the three weeks following June quarter day, according to the latest data from property agency Colliers.
-
NewsWetherspoon looks to sell seven pubs
JD Wetherspoon looks to sell seven pubs has appointed CBRE and Savills to sell seven of its pubs.
-
NewsBritish Land to shelve rent concessions
British Land has decided to halt rent concessions for its tenants following an uplift in trading across its properties and the extension of the rent moratorium until March 2022.
-
NewsNeat Burger and Urban Pubs & Bars among new Bishopsgate operators
British Land has agreed lettings with Neat Burger, Urban Pubs & Bars, Black Sheep Coffee and Honi Poké at its 155 Bishopsgate development.
-
NewsOakman: Rent write-offs would be unfair
Rent debts should not be written off, as it would penalise operators that have worked hard to pay off their arrears, Steven Kenee of Oakman Group has argued.
-
NewsBoxpark to make regional debut
Boxpark, the dining, retail and leisure group, has confirmed its first site outside of London, with the launch of sibling concept BoxHall in Bristol, scheduled for summer 2022.
-
NewsLeisure sector sees rent collection levels double
The leisure sector has seen rent payments increase significantly in the two months since March quarter day, with levels up from 18% to 37%, according to new data from Colliers.
-
NewsMarket Halls launches CVA
Market Halls, the London-based food market hall operator, has launched a Company Voluntary Arrangement (CVA) proposal for four group entities.
-
NewsGrowing optimism amid returning footfall
Shaftesbury, the Real Estate Investment Trust, has reported more than 90% of its food & beverage operators have reopened their doors since indoor dining returned on 17 May.