Property News – Page 5
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NewsUnpaid rent bills to total £4.6bn this year
Commercial property landlords could be left with unpaid rent bills of £4.6bn this year, according to the British Property Federation.
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NewsGovernment announces three-month eviction moratorium
The government will extend the eviction moratorium until the end of this year, communities secretary Robert Jenrick has announced today.
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NewsSeafood Pub Co portfolio up for sale
Ten pubs formerly operated by Seafood Pub Company have been brought to market after the business went into administration.
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NewsGovernment to extend lease forfeiture moratorium
The government could announce an extension of the lease forfeiture moratorium for hospitality and retail as early as this week, the Financial Times reports.
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NewsRent crisis will leave ‘bloodbath’ without resolution
A failure to act urgently to solve the rent crisis will trigger a “bloodbath” of hospitality businesses and thousands more jobs lost, UKHospitality has warned the Chancellor.
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NewsCaffè Nero hires KPMG to negotiate rent cuts
Caffè Nero has reportedly hired KPMG as it looks to negotiate rent cuts and review its property portfolio, Sky News reports.
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NewsIncipio Group praise landlords for ‘flexibility and support’
Incipio Group, the London-based large-scale restaurant and bar operator, has praised its landlords for their support in helping the business navigate the coronavirus crisis.
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NewsWahaca to shutter a third of estate
Wahaca is set to close a third of its estate in a bid to secure its future beyond the coronavirus crisis.
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NewsStar invests a further £4m in rent reductions
Star Pubs & Bars is to invest a further £4m in rent reductions for its leased and tenanted pubs in September and October.
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NewsJ.W Lees MD William Lees-Jones: Rent the ‘next big battle’ for the industry
Finding a solution on rent that suits both landlords and tenants is set to be the ‘next big battle’ for the industry, MCA’s The Conversation has heard.
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NewsIntu Trafford Centre to enter formal sales process
Intu-owned shopping centre The Trafford Centre is being put up for sale, Sky News reports.
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NewsLandlords and operators issue joint call for government rent support
Landlords and operators have come together in a joint call for a government backed ‘property bounceback grant’ to facilitate in rent negotiations.
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NewsPizza Pilgrims non-exec Ian Edward: “Grown-up landlords” will prioritise partnerships
If landlords want to see their sites recover from the coronavirus crisis, they must prioritise making long-term partnerships over hard-lined rent demands, MCA’s The Conversation has heard.
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NewsShelley Sandzer: Changing Use Classes is a game changer on one hand. But on the other…
On the face of it, the amendment to the Town & Country Town Planning Act, Use Classes 2020, is a very positive step by the government. A radical overhaul of an outdated system possibly. It will group all forms of retail, business and service based premises in one category, seemingly making the system simpler and permitting movement between the use class without needing planning consent. This business category does exclude the more contentious uses such as pubs, clubs and fast food takeaways, moving them into a sui generis use class.
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NewsItsu hopes to cut rents on 53 sites in CVA
Itsu plans to close two and cut rents on 53 of its sites by means of a company voluntary arrangement.
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NewsUK Hospitality CEO Kate Nicholls: ‘Government aware that rates system is broken’
The coronavirus crisis has shown Government that the business rates system is broken, and there is reason to be optimistic that significant reform may be on its way, The Conversation has heard.
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NewsGovernment calls for evidence on business rates reform
The Government has called on businesses, business representative organisations and other interested parties to provide evidence for a fundamental reform of business rates
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NewsColliers: Crisis forcing ‘fundamental restructuring of the sector’
Casual dining spending in the UK will fall by more than £20bn this year, according to estimates Colliers.
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NewsTed Schama: Help hospitality feed the economy
Having seen numerous cycles, although they have not been easy, I have been comforted by the knowledge F&B is always the last to fall and the first to recover.
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NewsShepherd Neame CEO Jonathan Neame: Sticking to the extremities of the rent debate won’t help anyone
Landlords and operators “sticking to the extremities” of the rent debate are only prohibiting their chances of finding a viable solution, Shepherd Neame CEO Jonathan Neame has said.