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Property News – Page 5
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NewsShaftesbury Capital reports ‘continued momentum’ across portfolio
The West End landlord says its estates are ‘busy and vibrant’ with high occupancy, footfall and sales volumes
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NewsUpham achieves like-for-like growth of 7.5%
The south of England pub operator says all but one of its sites was in positive sales growth in its latest financial results, which saw revenue rise to £19.8m
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NewsSector anger as business rates reform ‘not delivered in full’
The government’s decision to give hospitality only a quarter of the rates discount it originally proposed has been derided with warnings it’s not enough to offset the loss of reliefs
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NewsThe Coconut Tree acquired for about £305,000 in pre-pack sale
The Sri Lankan restaurant group was acquired last week by a connected company led by two of its founders having fallen into administration after previously defaulting on its CVA payments
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NewsDes Gunewardena unveils plans for triple opening at Olympia
The renowned restaurateur will launch a 300-cover restaurant led by an all-female team alongside a speakeasy bar and events space at the landmark £1.3bn London redevelopment next spring
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NewsYolk’s London estate reduced as CVA approved - updated
The food to go brand has closed three sites across London having undergone a company voluntary arrangement (CVA), which founder Nick Philpot called a ’tough but necessary reset’
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NewsThwaites toasts ‘strong performance’ in half-year results
The family brewer and regional pub operator says it has delivered ‘an excellent set of results given the circumstances’ with turnover and profit both up
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NewsFuller’s sees ‘continuing momentum’ as revenue rises
The pub company says it has ‘outperformed the market’ in its half-year results with like for like sales growth of 4.6%, and a 28% increase in adjusted profit before tax
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NewsBrighton Pier up for sale as revenue drops
Brighton Pier Group said it is ’actively exploring opportunities for the potential sale of some or all of its remaining assets’ as a result of the the impact of last year’s budget
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NewsGovernment urged to rethink inheritance tax reforms
Oak Taverns and Milsom Hotels & Restaurants are among the family-owned businesses calling on the government to change course amid fears the reforms could leave many operators forced to sell
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NewsNoble Inns to launch French bistro concept
The London-based gastropub group will open Bistro Sablé on the site that it previously operated as The Smokehouse in Islington
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NewsInn Collection aiming to grow to 40 sites by 2030
The North-East based group is also looking to create more than 700 jobs as part of the five-year growth plan, which comes after it secured £125m in funding from HSBC
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NewsGordon Ramsay Restaurants grapples with challenges in casual dining as losses widen
The world-famous chef’s restaurant empire saw pre-tax losses rise from £3.4m to £12.6m in its latest financial results despite reporting record revenues and the group’s highest ever EBITDA
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NewsBusiness rates surcharge could cause closures, UKH warns
The trade body has untied with the British Retail Consortium to warn that the planned surcharge could leave hundreds of high street properties at risk of closure
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NewsSoho House founder Nick Jones to launch London hotel next year
The opening marks Jones’s first hotel project outside the Soho House brand since he stepped away as CEO of the private members’ club group in 2022
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NewsNotto to launch to-go concept at Broadgate Central
Chef Phil Howard’s pasta restaurant Notto is to launch in a new grab and go format at the new 1 Broadgate development, with Sandwich Sandwich and Sushinoya also taking space
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NewsStonegate looking to sell 23 free-of-tie pubs
The available sites, which are all located in England, include: Admiral Macbride, Plymouth; Crown & Anchor, Bromley; and Dartmouth Arms, Forest Hill – the location of Scott Collins’ MeatLiquor pub-restaurant
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NewsSoho Estates pledges to be ‘responsible custodian’ of area
Newly announced CEO Fawn James said she will be “exploring opportunities beyond our traditional portfolio, such as new types of spaces, partnerships or investments that complement what we do”
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NewsDerwent London launches all-day café concept
DL/ Service will be open to the public across four of Derwent’s buildings in Fitzrovia, Old Street and Whitechapel
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NewsBritish Land acquired £240m of retail parks
The six-strong portfolio includes Orchard Centre in Didcot and Cyfarthfa Shopping Park in Merthyr Tydfil, where the likes of Loungers, McDonald’s, KFC, Nando’s, Greggs, Pizza Hut, Costa, Subway and Starbucks are tenants