All Property articles – Page 3
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NewsHot property: Big Table, Popeyes and Itsu join Restaurant Conference panel
The special panel will examine the opportunity for well-capitalised businesses looking to grow.
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NewsPizzaExpress hires property director
PizzaExpress has hired Clive Bentley, formerly of Holland & Barrett and Costa Coffee, as its new global property director, as the brand eyes 50 new restaruant openings.
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NewsDeliveroo to grow Editions with new property director
Deliveroo has appointed a new global property director for its Editions kitchens, as it looks to accelerate the expansion of the delivery-only model.
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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.
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NewsLeisure sector sees rent collection levels double
The leisure sector has seen rent payments increase significantly in the two months since March quarter day, with levels up from 18% to 37%, according to new data from Colliers.
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NewsShaftesbury seeing return of footfall in West End
Shaftesbury has reported seeing an encouraging increase in demand for space and lettings, as well as a return of footfall and spend across its locations as the West End begins to bounce back.
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NewsHickory’s reports sales lift as property hunt continues
Hickory’s Smokehouse has reported a strong first week of trading as Covid-related restrictions continue to ease.
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NewsStonegate appoints new property director
Stonegate Group has announced the appointment of David Roberts as property director.
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InterviewsPeach Pubs: ‘Competition is increasing for good sites’
The property market is becoming a more competitive space, particularly in the types of location Peach Pubs operates in such as suburban locations and market towns, managing director Hamish Stoddart told MCA.
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NewsReconsider rates cap, or systematic closure of pubs will continue
The government must reconsider the £2 million cap on business rates relief it is proposing to implement when the rates holiday comes to an end on 30 June, according to Colliers.
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NewsInflux of property interest in London
London is seeing a new influx of international and UK restaurant operators looking for property as lockdown is eased, Colliers reports.
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Analysis & InsightProperty focus: Race to the suburbs?
Is there really a race for space in the suburbs and market towns? And what other factors are driving the current property market? MCA deputy editor Georgi Gyton takes a look at the current landscape and how it might play out over the coming months
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OpinionThe revival of the West End starts here
Since the first lockdown just over 12 months ago, we have seen a major shift in eating habits.
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Analysis & InsightRent debt: ‘There’s going to be pain on both sides’
Rent debt remains the biggest unsolved problem of the pandemic, a looming prospect which threatens to wreck the recovery of a sector before it has begun.
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NewsNightcap builds property pipeline
Nightcap, the bar and late-night group co-founded by investor Sarah Willingham, has reported good progress in building its property pipeline for London Cocktail Club (LCC).
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OpinionFrom roadmaps to tightropes: UK hospitality’s rally to revival relies on relationships
The light at the end of the tunnel is finally getting brighter for some in the hospitality sector. A roadmap is now in place, and while there may be some traffic delays, it is at least looking like the worst of the pandemic is in the rear-view mirror.