All Property articles
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NewsNew calls to freeze business rates
Analysis by UKHospitality suggests increasing business rates by inflation could increase bills for the hospitality sector by £220 million next year, The Sunday Times reports
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OpinionFreeing London’s nightlife
Nick Weir, joint managing partner at Shelley Sandzer, argues the capital needs a breath of fresh air and new ideas to rediscover its groove post-Covid
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OpinionShelley Sandzer: Calling time for growth
Ted Schama, joint managing partner at Shelley Sandzer, says fitted units and fair rent without premiums are offering attractive opportunties for good operators to expand
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Analysis & InsightCommercial property supply to increase by 2.8% in Q2
Robert Irving Burns said there was continued high demand for premium quality in the leisure property sector
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NewsCapco sees strong trading in Covent Garden
The West End property company, soon to merge with Shaftesbury, said it saw leasing momentum in its targeted categories, including new signings such as Gaucho
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Analysis & InsightSales prices up but transactions down for pubs
The average freehold sale price of pubs increased by 54.6% to £710,978 in 2022, as the quality of sites increased, according to Fleurets’ new Survey of Pub Prices.
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NewsJD Wetherspoon confirms further pub disposals
The pub operator has appointed CBRE and Savills to sell seven further pubs, in addition to the 32 already on the market.
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Analysis & InsightOut-of-town locations have seen uptick in fortunes
The popularity of out-of-town destinations with operators such as Tim Hortons and Greggs has lead to a significant uplift in the rents that can be achieved in this format, Savills said.
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NewsThe Alchemist secures York site
The bar and restaurant group is set to open its first site in York, next year, after securing a 5,000 sq ft space at The Coach House building in the city.
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NewsArtfarm acquires The Groucho Club
The Soho private members club joins the Fife Arms in Braemar, Roth Bar & Grill in Somerset, Manuela in Los Angeles and Audley Public House and Mount St. in Mayfair, as part of the Artfarm portfolio
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Analysis & InsightElizabeth line: ‘Tottenham Court Road could become the centre of the West End’
The pandemic has led to an influx of day trippers to the capital and the opening of the Elizabeth line is set to amplify this. MCA assesses what the impact might be on F&B and which locations could flourish.
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Analysis & InsightPrices for quality freeholds up almost 10% in 2021
The average price of freehold freehouses increased by 9.5% last year, on H2 2020, according to Fleurets’ new survey of pub prices report 2021.
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Analysis & InsightRents and vacancy rates continue to fall in key London locations
The decline in central London prime zone A rents has seen a further fall, down 17.4% year-on-year, according to Savills.
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NewsShaftesbury commits to net zero by 2030
West End property landlord Shaftesbury has committed to becoming a net zero carbon business by 2030 and will be carbon neutral for its own corporate emissions by 2025.
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NewsBusiness rates relief will have ‘limited benefits’
The Chancellor’s Budget announcement has been described as “underwhelming” as it is limited to a maximum discount of £110,000.
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NewsBPF proposes reforms to business rates revaluations
The British Property Federation (BPF) has proposed the government introduce annual business rates revaluations, describing the current system as “broken”.
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NewsRent collection improves during Q2
According to data from Remit Consulting, the collection of rent from commercial property tenants has continued to improve. Remit’s data suggests the ‘leisure sector’ has seen a marked improvement in rent payments during Q2. A quarter of tenants were said to have paid on time and within 21 days of payment due date, 49.5% of rents had been collected. In the March quarter, the equivalent figure stood at 38.4%.
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NewsCorbin & King in legal battle over rent debt
Corbin & King, the operator of The Wolseley, is currently in a legal battle with its landlord STJ Investments over an unpaid rent debt of c.£1 million which has built while the restaurant was closed during Covid-19 lockdowns. The landlord has tried to evict the Wolseley by taking Corbin & King to court and is now claiming that the Wolseley had illegally sublet the premises. Corbin & King says the claim is ‘spurious’.
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NewsHospitality rent collection levels on the up
An increasing number of restaurants and cafes have been able to pay their rent over the three weeks following June quarter day, according to the latest data from property agency Colliers.
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NewsNeat Burger and Urban Pubs & Bars among new Bishopsgate operators
British Land has agreed lettings with Neat Burger, Urban Pubs & Bars, Black Sheep Coffee and Honi Poké at its 155 Bishopsgate development.