All Property articles – Page 3
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News
The Inn Collection lands Whitby site
The Inn Collection Group has landed a third Yorkshire site, with prime Whitby venue The Stables at Crossbutts.
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News
New Liverpool concept for Manchester Hall owner
Vanitas Bar operator Stephen Cliff is launching a new venue, Boujee Restaurant & Bar, at Liverpool One shopping and leisure complex.
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Opinion
Ted Schama: Next stage of rising to the challenge
I am currently writing this piece in Bratislava, Slovakia, as I am lucky enough to share the birth of my second baby, Zara Schama.
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News
Greene King increases rent concessions for tied tenants
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.
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News
Star extends rent support
Star Pubs & Bars is to extend rent concessions for its leased and tenanted pubs throughout November.
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News
Survey - 69% looking at restructuring or insolvency
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.
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Analysis & Insight
Turnover rents a ‘sensible transition solution’
Turnover rents are a short-term solution for the uncertainty of the coronavirus crisis, but landlords and tenants will want to return a more normalised fixed rate model once the market begins to get back to normal, CGA’s Follow the Monday has heard.
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News
Shaftesbury collects 41% of rents in H1
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.
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News
Debt enforcement moratorium extended
The government will extend the debt enforcement moratorium until the end of the year, business minister Lord Callanan has announced.
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News
London mayor calls for year-long extension of business rates holiday
London mayor Sadiq Khan has called for a year-long extension of the business rates holiday for retail, hospitality and leisure businesses.
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Opinion
Ted Schama: From third place to second place
I am a family and community man. I live by Hampstead heath and revel in walking the dogs, meeting new people and seeing old faces. I suppose you could say I am a people person.
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News
Government 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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News
Seafood 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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News
Government 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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News
Rent 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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News
Caffè 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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News
Incipio 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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Interviews
Boxpark CEO Roger Wade: Rent is the ‘dinosaur in the room’
Without a workable solution to tackle outstanding rent liabilities, all other support packages and recovery measures will be a “total and utter waste of time,” Boxpark CEO Roger Wade has said.
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News
Wahaca 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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News
Star 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.