All Property articles – Page 6
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InterviewsRob Pitcher: ‘Landlord’s behaviour in crisis will determine future partnerships’
Hard-lined landlords refusing to “play ball” in rent negotiations will be remembered by the industry going forward, MCA’s The Conversation has heard.
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NewsTasty achieves rent reductions and concessions on more than half of estate
Wildwood operator Tasty has achieved rent reductions and lease concessions on more than half of its estate, two months after it announced it was exploring a potential company voluntary arrangement (CVA).
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NewsWetherspoon completes £30.4m development in Dublin
JD Wetherspoon has made the largest investment in its 41-year history in the development of a pub and hotel in Dublin.
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NewsHugh Osmond: ‘Curtains for most operators without rent arrears write-off'
Thousands of pubs and restaurants will collapse unless the bulk of their rent arrears are permanently written off, Hugh Osmond has said.
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NewsEviction moratorium extended
The eviction moratorium on commercial property tenants has been extended until the end of March 2021.
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NewsSlim Chickens signs second franchise deal
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.
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NewsFulham Shore eyes low rent property
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.
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OpinionShelley Sandzer: No more unicorns, cash is king
The longer the pandemic goes on, the greater the acceptance in the industry that life has to go on in some way. What is interesting, is the form that is taking.
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NewsBritish Land counts cost of CVAs and administrations
The pandemic has wiped almost £1bn off commercial landlord British Land’s portfolio, with retail worst affected due to administrations and CVAs.
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NewsWadworth sells 21 pubs to Liberation Group
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.
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NewsThe 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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NewsNew 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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OpinionTed 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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NewsGreene 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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NewsStar extends rent support
Star Pubs & Bars is to extend rent concessions for its leased and tenanted pubs throughout November.
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NewsSurvey - 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 & InsightTurnover 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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NewsShaftesbury 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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NewsDebt 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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NewsLondon 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.