Property News – Page 31
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Councils urged to sell off pub and restaurant portfolio
Councils have been urged to sell off chunks of their commercial property portfolios, which include 580 restaurants or cafes, 378 pubs and several nightclubs.
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Kornicis puts Jamies package on the market
Kornicis Group has placed a package of five London-based Jamies Wine Bars on the market
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G1 buys Espionage clubs from administration
G1 Group, the Scottish leisure operator has bought two nightclubs both called Espionage following parent company Duddingston Leisure entering the administration process last year
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NewsPret pays record breaking rent
Raymond Estates Ltd has let retail space on Albemarle Street, London W1 to Pret A Manger, at a record breaking new rent
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Average pub lease length falls in Q1 2015
The latest RICS pub benchmarking survey has shown the average lease fell to five years in Q1 2015, having stood at an average of seven throughout 2014.
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Costa and Fuller’s sign for Greenwich development
Costa Coffee and Fuller’s have both been confirmed for housing and leisure development in Greenwich, New Capital Quay, to open venues this summer
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NewsBlackstone sells pub portfolios for c£50m
Private equity group Blackstone has sold 23 pubs, let to Enterprise Inns, in three separate deals for a total sum of c£50m
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Shaftesbury: Occupier demand in the West End remains at historically high levels
Shaftesbury has reported historically high demand for sites across its West End portfolio in the six months to 31 March 2015
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NewRiver says pub portfolio strong in FY14
NewRiver Retail has said the performance of its pub portfolio has been strong in the 12 months to 31 March.
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Intu to create new food quarter at Milton Keynes site
Shopping centre operator intu has unveiled plans for a two-level dining quarter as the centrepiece of a refurbishment of its Milton Keynes site.
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NewsETI: 850 managed pubs and 1,000 property assets by 2020
Enterprise Inns has announced that by 2020 it expects to have a managed estate of 750-850 pubs and a commercial property business with around 900-1,000 assets.
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Ex-Tushingham Moore employees launch new agency
A group of five former members of Tushingham Moore have launched a new company, Metis Real Estate Advisors
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Everyman confirms Canary Wharf opening
Cinema group Everyman has confirmed it has secured a site at the Canary Wharf Crossrail Place development for a three-screen cinema
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NewsC&W gets Smashburger mandate
Smashburger has appointed property adviser Cushman & Wakefield to aid with its launch and expansion in the UK
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Liverpool One leads city’s rental levels
The Liverpool One scheme is the premier location for restauranteurs in the city, according to new research from Colliers International
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Intu launches national treat campaign for May
Retail centre operator intu has launched a series of events and promotions to increase customer dwell time for the benefit of retailers, restauranteurs and leisure operators
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Marco Pierre White's Norfolk pubs for sale
Marco Pierre White’s group of four pubs in Norfolk have been placed on the market for sale individually or as a group acquisition
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Hammerson sells Sheffield leisure park
Drakehouse retail and leisure park in Sheffield has been sold by landlord Hammerson for £61.7m to 90 North Real Estate Partners to allow it to focus on other projects
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Lancashire shopping centre seeks F&B operators
The Freeport Fleetwood shopping centre in Lancashire is seeking a food and drink operator for a c.13,000ft venue which is currently occupied by La Petit Four.
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Jasper Gorst pub goes on market for £1.5m
A pub/restaurant run by restaurateur Jasper Gorst has been put on the market for £1.52m.