All Property articles – Page 39
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Arts Theatre Club takes Soho site
The Arts Theatre Club, the central London cocktail bar operator, has secured the site of the Coal Vaults restaurant and bar in Soho’s Wardour Street
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Shaftesbury: commercial rents grow 27.2% over five years
Shaftesbury says demand for its shops, restaurants and leisure, offices and residential premises “continues to be very strong”, resulting in growth in rental income and values, with commercial rent reviews increasing rents by 27.2% over a five-year period
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Max Property Group to sell property portfolio
Max Property Group, the property vehicle of Nick Leslau and Mike Brown that owns a number of pubs, is to sell its entire property business to Marina Topco (Jersey) Limited, a company controlled by real estate firm Blackstone
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Club with 3am licence placed on market
The lease on a nightclub with a 3am licence in London’s Kensington High Street has been placed on the market with a premium of c£1.5m
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Simit Sarayi secures first UK site
Turkish bakery and tea chain operator Simit Sarayi has secured its first UK site in Oxford Street’s West One shopping centre
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Waitrose takes PizzaExpress site
PizzaExpress has completed a deal that will see supermarket chain Waitrose take over a north London site
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London councils 'curb pub openings'
London councils are clamping down on granting planning permission for new drinking outlets, to prevent a “saturation of pubs” and the creation of “binge drinking hubs”, property agents have warned
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NewsEx-Land Securities exec sets up leisure property fund
Ashley Blake, who previously ran Land Securities’ £4bn retail and leisure portfolio, has created a leisure sector-focused property investment company that’s looking to raise c£200m to buy freeholds and long leaseholds let to leisure operators, M&C Report has learnt
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Pub and restaurant freeholds sold at auction
Several freehold properties let to major pub and restaurant operators were sold at an Allsops auction on Tuesday
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VOA: some agents to blame for pub rates appeal delays
The Valuation Office Agency has responded to criticism from Star Pubs & Bars, which has claimed the appeal cases for some of its pubs have taken four years to settle
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Intu seeks catering operators for Gateshead and Newcastle
Intu is looking for catering operators at two of its shopping centres, the Metrocentre in Gateshead and Eldon Square in Newcastle
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Property agents dispute pub closure figures
Pub property agents have disputed the Government’s predicted pub-closure figures as a result of a statutory code and claimed the legislation could encourage newcomers to join the trade
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Freehold of BrewDog bar sold for investment
The freehold of a west London pub of which BrewDog is the tenant has been sold off a guide price of £1.25m
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Manchester's Spinningfields FY revenue tops £50m
Turnover at Spinningfields, the business and retail district in Manchester that includes a number of restaurants and bars, has grown to more than £50m for the first time since it opened in 2007, developer Allied London has reported
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Commercial property values continue to rise
The value of commercial property in the UK saw the strongest monthly capital growth of 2014 in May when values increased by 1.3%
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NewsR&L Properties disposal completed
On the back of Hawthorn Leisure’s acquisition of 88 pubs from the former estate of Robert Tchenguiz, the sale process of the R&L Properties pubs portfolio have now been completed for a total sum of c£75m
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NewsStonegate-operated package sold in £28m deal
OLIM Property, the property investment company led by former Liberal Democrat Treasury spokesman Matthew Oakeshott, has acquired 15 freehold pubs let to Stonegate Pub Company for £28.3m
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Four Dublin pubs on the market
Four pubs in Dublin have been placed on the market and are expected to sell for c€13.5m (£11m) in total, reports the Irish Independent
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Max Property sees 13.3% uplift across pubs portfolio
Max Property Group has reported a 13.3% (£5.4m) increase in the valuation of the portfolio in the year to 31 March 2014
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Seven Dials shopping event leads to 30% rise in footfall
Shaftesbury PLC held its first-ever day-time shopping event last Saturday in Seven Dials and St Martin’s Courtyard, leading to a 30% increase in footfall versus the previous Saturday