Property News – Page 38
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News
Shaftesbury acquires Jaeger House for £30.75m
Shaftesbury has invested £30.75m in acquiring Jaeger House in Broadwick Street, which the company said was an increasingly important east-west pedestrian route through Soho, connecting Carnaby and Berwick streets
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Investor PPR Estates buys Punch pub
A Punch pub in south London has been sold to a new sector investor PPR Estates
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NewsMarston's exchanges on four properties worth £18m
Marston’s, the brewer and pub operator, has exchanged contracts on four properties worth £18m
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NewsNew entrants will open outside city centres: Bacon
New, innovative operators are likely to open in areas outside city centres, as the market for central units “contracts”, according to Living Ventures chief executive Tim Bacon
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Property experts call Lib Dems pub measures naive
Pub property agents have criticised the Liberal Democrats’ approval of ‘pro-pub measures’ last week, claiming that they are “naive” and would be difficult to implement in practice
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NewsJDW: Ireland, property, World Cup, M40, analysts
M&C Report takes a closer look at the H1 results to 26 January for JD Wetherspoon and reports from a press briefing with chief executive John Hutson and finance director Kirk Davis
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News
Lloyd-Jones exits Notting Hill pub
The lease on a west London pub operated by former Gourmet Holdings chief executive Gareth Lloyd-Jones has been sold to a private operator
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NewsJDW secures Essex pub
JD Wetherspoon has completed the acquisition of a pub in Maldon, Essex, for more than the £350,000 asking price
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Ex-Wagamama property director launches consultancy business
Sharon Cawthorne, the former property director at Wagamama, has launched a specialist restaurant consultancy business called Blue Lemon Property
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Five Points Brewing Co owner sells pub
Pub and brewing entrepreneur Edward Mason has sold a north London pub as he concentrates on his brewing venture
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Second enquiry into Smithfield scheme to start
A second public enquiry begins today into the controversial redevelopment scheme for London’s Smithfield Market
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Restrictive covenants 'rarely used' in pub sales
Pub property agents have defended the practices of large pub companies and claimed that restrictive covenants are rarely used, after the Local Government Association (LGA) last week called for a ban on the measure, which forces pubs to change use after sale
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News
Former Pubfolio pub sold
A North Devon pub that was formerly part of the Pubfolio estate has been sold off a guide price of £125,000
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NewsBill’s strengthens property team
Bill’s Restaurants has strengthened it property team in the north, with the appointment of Tony Palmer, former head of acquisitions at Mitchells & Butlers (M&B), to oversee its expansion in the region
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DCL warns on central London rents
High rental bids from overseas tenants could push up prices for existing operators, resulting in “heavy casualties” among leisure firms in central London, according to DCL
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NewsCouncils call for restrictive covenant ban on pub sales
The use of restrictive covenants, a “legal loophole” used by pub companies to force hundreds of community pubs to close each year, must be plugged, according to the Local Government Association (LGA)
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Warning over new rent arrears regulations
New regulations governing the ways in which landlords are able to recover commercial rent arrears could upset relationships between owners and tenants, according to property consultancy firm Bruton Knowles
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Shaftesbury reports 'unprecedented' demand from F&B operators
Shaftesbury says there has been an “unprecedented demand” in its properties from for food and beverage operators, which now account for one third of its income
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NewsFinal 67 Bramwell pubs placed on market
The final 67 pubs that were part of the former Bramwell Pub Company estate have been placed on the market with Christie + Co
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DCL to advise on Westgate Centre scheme
The Westgate Alliance – the joint venture between Land Securities and the Crown Estate – has appointed DCL to advise on the F&B mix for its 800,000sq ft city centre development scheme - which will be anchored by John Lewis.