Property News – Page 5

  • Hugh Osmond
    News

    Hugh Osmond: ‘Curtains for most operators without rent arrears write-off'

    2020-12-11T08:13:00Z

    Thousands of pubs and restaurants will collapse unless the bulk of their rent arrears are permanently written off, Hugh Osmond has said.

  • closed shop high street
    News

    Eviction moratorium extended

    2020-12-09T08:42:00Z

    The eviction moratorium on commercial property tenants has been extended until the end of March 2021.

  • Pizza Express
    News

    Crown Estate counts of costs of CVAs

    2020-12-07T08:54:00Z

    The Crown Estate is counting the costs of a series of company insolvencies and CVAs that have affected its estate.

  • Slim Chickens
    News

    Slim Chickens signs second franchise deal

    2020-11-25T12:46:00Z

    Slim Chickens, the Boparan Restaurant Group-owned fast causal concept, has entered into its second franchise agreement. The new deal between Boparan and franchisee KK Restaurants SW will see the brand open five restaurants across the south west of England, with the first due to open in Exeter next month. The Exeter restaurant will be Slim Chickens’ tenth UK site, and second franchise-operated location following its Manchester Trafford Centre opening last month with partner JRK Restaurants.

  • Franco Manca
    News

    Fulham Shore eyes low rent property

    2020-11-25T08:25:00Z

    Franco Manca operator Fulham Shore will continue to take advantage of properties coming to the market at “ever lower rents”, the company has said in a financial update.

  • Eataly at Broadgate CGI
    News

    British Land counts cost of CVAs and administrations

    2020-11-19T08:17:00Z

    The pandemic has wiped almost £1bn off commercial landlord British Land’s portfolio, with retail worst affected due to administrations and CVAs.

  • Shaftesbury
    News

    Shaftesbury raises £307m

    2020-11-17T08:08:00Z

    West End landlord Shaftesbury has raised £307m in new capital following a share placing.

  • All Bar One
    News

    M&B to close 20 sites

    2020-11-16T09:20:00Z

    Mitchells & Butlers is working with advisors CBRE to close up to 20 leasehold pubs and restaurants.

  • Liberation
    News

    Wadworth sells 21 pubs to Liberation Group

    2020-11-10T14:09:00Z

    Wiltshire-based pubco and brewer Wadworth has announced the sale of 21 pubs to Liberation Group.The sites, sold for an undisclosed sum, are primarily in Gloucestershire, Hampshire and Wiltshire, and comprise more than a tenth of Wadworth’s estate across the south west and London.

  • Whitby
    News

    The Inn Collection lands Whitby site

    2020-11-10T08:22:00Z

    The Inn Collection Group has landed a third Yorkshire site, with prime Whitby venue The Stables at Crossbutts.

  • lystra-adams-1024x576
    News

    New Liverpool concept for Manchester Hall owner

    2020-11-10T08:21:00Z

    Vanitas Bar operator Stephen Cliff is launching a new venue, Boujee Restaurant & Bar, at Liverpool One shopping and leisure complex.

  • the-bailiwick
    News

    Brindisa owner takes on former Brunning & Price pub

    2020-11-02T10:45:00Z

    Brindisa founder and co-owner Ratnesh Bagdai has taken on The Bailiwick pub in Englefield Green in Surrey

  • GettyImages-1218403507
    News

    Grosvenor to ‘selectively invest in tenants’

    2020-10-29T08:52:00Z

    Grosvenor, the Duke of Westminster’s property company, has unveiled plans to take select investments in its struggling retail and hospitality tenants.

  • greene king
    News

    Greene King increases rent concessions for tied tenants

    2020-10-09T13:07:00Z

    Greene King Pub Partners has increased the rent concessions for its tied pub tenants to at least 40% until Christmas. Until the end of December, its 975 tied tenants will be granted at least a 40% rent reduction, with pubs that are forced to close in local lockdowns receiving a 90% rent discount for at least four weeks. The move brings its total estimated financial support for its tied tenants to more than £25m since March.

  • Star Pubs & Bars
    News

    Star extends rent support

    2020-10-09T07:23:00Z

    Star Pubs & Bars is to extend rent concessions for its leased and tenanted pubs throughout November.

  • GettyImages-1202095317
    News

    Survey - 69% looking at restructuring or insolvency

    2020-10-06T07:43:00Z

    More than 80% of UK hospitality operators believe their commercial terms with landlords will not be sufficient to see their businesses through this next phase of trading restrictions.

  • Shaftesbury
    News

    Shaftesbury collects 41% of rents in H1

    2020-09-25T07:26:00Z

    West End pub and restaurant landlord Shaftesbury has said it remains confident in the long-term prospects of its portfolio, despite collecting less than half of its owed rent in the past six months.

  • Westminster Parliament, House of Commons
    News

    Debt enforcement moratorium extended

    2020-09-25T07:21:00Z

    The government will extend the debt enforcement moratorium until the end of the year, business minister Lord Callanan has announced.

  • Subway Fresh Forward store
    News

    ​Subway ‘exploiting eviction moratorium’

    2020-09-24T07:21:00Z

    Subway is failing to pay its rent, despite continuing to take payments from franchisees, landlords have claimed.

  • Sadiq Khan MP
    News

    London mayor calls for year-long extension of business rates holiday

    2020-09-18T07:26:00Z

    London mayor Sadiq Khan has called for a year-long extension of the business rates holiday for retail, hospitality and leisure businesses.