Property News – Page 4
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NewsShaftesbury seeing return of footfall in West End
Shaftesbury has reported seeing an encouraging increase in demand for space and lettings, as well as a return of footfall and spend across its locations as the West End begins to bounce back.
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NewsHickory’s reports sales lift as property hunt continues
Hickory’s Smokehouse has reported a strong first week of trading as Covid-related restrictions continue to ease.
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NewsStonegate appoints new property director
Stonegate Group has announced the appointment of David Roberts as property director.
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NewsReconsider rates cap, or systematic closure of pubs will continue
The government must reconsider the £2 million cap on business rates relief it is proposing to implement when the rates holiday comes to an end on 30 June, according to Colliers.
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NewsHawthorn CEO: Rent debt issue is ‘very complex’
Hawthorn boss Mark Davies, who also sits on the board of parent company New River real estate investment trust, has sympathised with the landlord position, saying the situation with rent debt is “very complex”.
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NewsInflux of property interest in London
London is seeing a new influx of international and UK restaurant operators looking for property as lockdown is eased, Colliers reports.
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NewsGrosvenor backs JKS concept
Landlord Grosvenor has announced its first investment in a new tenant, with a loan to JKS Restaurants’ latest concept, Bibi, at 42 North Audley Street in Mayfair.
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NewsLandlords urge ‘compromise on all sides’
Hospitality operators and landlords should “share the pain” and split rental arrears 50-50 if unable to pay outstanding rent, according to a new proposal drawn up by institutional landlords.
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NewsFootball experience joins O2 line-up
A new football dining experience will launch at the O2 this summer, joining a host of F&B names announced at the complex last week.
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NewsHammerson: Footfall 80% of pre-pandemic
Landlord Hammerson has reported 90% of operators in its UK estate are currently able to trade, with footfall is “competitive with pre-pandemic levels”.
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NewsCeru relocates over landlord impasse
Levantine restaurant Ceru has exited its Soho site and is relocating to Queensway, MCA understands.
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NewsBig firms commit to London
British Land has hailed the letting of a large chunk of office space at 1 Broadgate as a “vote of confidence in London”.
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NewsNightcap builds property pipeline
Nightcap, the bar and late-night group co-founded by investor Sarah Willingham, has reported good progress in building its property pipeline for London Cocktail Club (LCC).
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NewsPub investment market gains momentum
Coffer Corporate Leisure is expecting a “very active summer” as investors look to the stability and resilience of the freehold pub sector.
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NewsShaftesbury looks to ‘revival of West End economy’
West End landlord Shaftesbury has collected less than half of owed rents for the quarter to December 2020, but has heralded the upcoming “revival of the West End’s economy” with the relaxation of restrictions in months ahead.
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NewsRates review final report postponed until Autumn, Treasury confirms
Publication of the Government’s final business rates review report will be delayed until Autumn 2021, the Treasury has confirmed.
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NewsInn Collection Group appoints property director ahead of expansion
The Inn Collection Group has appointed a new property director, Louise Stewart, to assist in its multiple development and expansion plans this year.
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NewsLandsec: £35m of December rent outstanding
Land Securities has updated on its December quarter rent collection, with £35m outstanding.
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NewsBritish Land collects less than half of retail rents in December
British Land has so far collected 46% of due December rents in its retail division, with just 32% of its stores able to trade in some way through the latest lockdown.
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NewsTrafford centre taken over by lenders as Intu fails to find buyer
Manchester’s the Trafford Centre has been taken over by Canada Pension Plan Investment Board (CPPIB), the country’s biggest pension fund, after previous owner Intu failed to find a buyer.