All Property articles – Page 9
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NewsRevolution in ‘healthy discussions’ with landlords over rent renegotiation
Revolution Bar Group is continuing to have “healthy discussions” with landlords as it works to improve the profitability of its property portfolio, CEO Rob Pitcher has told MCA.
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NewsWadworth reports dip in profits but property revaluation delivers a £32m boost
A revaluation of its property portfolio has delivered a £32m boost to Wadworth after a challenging year which saw sales slip from £67.1m to £66.6m. Pre-tax profits were also down to £2.2m from £2.4m the previous year. However, given the challenging environment the business said it had been a “solid” year for the business, with operating profit up £462k on the year before.
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News10 Heddon St curators announce spin-off partnership
A new venture which pairs vacant restaurant venues with emerging chefs, restaurateurs and food and drink concepts is launching this month.
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NewsHawthorn Leisure appoints property director
Pub operator Hawthorn Leisure has appointed Ed Little as property director.
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NewsOlives & Meze takes Chip Nation site in Soho
Olives and Meze, the Turkish Greek restaurant from Clapham, has secured its second site, in Soho.
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NewsFood halls the ‘future of casual dining’
The new food hall venture led by former Deliveroo MD Dan Warne and backed by Imbiba is a “clear statement of the direction of the market”, property experts have told MCA.
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NewsLandlords getting cold feet over long-leases
London landlords are becoming increasingly nervous about signing restaurants up for long leases following several high-profile closures, according to a leading property expert.
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NewsF&B continues to perform well for Shaftesbury
Shaftesbury has said the West End remains a busy area with its food, beverage, leisure and retail occupiers reporting, on average, year-on-year sales growth for the quarter to 30 June 2019.
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NewsRedevco acquires One Tower Bridge for £70m
Real estate manager Redevco has acquired the food and beverage units of One Tower Bridge development for £70m from the Berkeley Group.
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NewsIppudo takes Kua ’Aina site on Goodge St
International ramen concept Ippudo has secured its fourth London site, on the former Kua ’Aina site on 40 Goodge Street.
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NewsS Group founder takes on Reubens site
Lee Landau, the restauranteur behind Jewish restaurant group S Group, has acquired the former site of kosher restaurant Reubens in the West End, as the business looks to expand.
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NewsSixteen Eat stores marketed for disposal
A number of Eat stores are being marketed for disposal, following the grab and go operator’s acquisition by Pret A Manger, MCA understands.
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NewsFryday Fish appoints CBRE in site search
Irish inspired concept Fryday Fish has instructed CBRE Manchester to identify new sites across the North for the fish and chip brand, having secured a debut unit at Xscape Castleford.
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NewsManchester, Liverpool and Cambridge lead growth in demand for high street property
Manchester, Liverpool and Cambridge have seen the steepest increase in demand for high street commercial property, according to an analysis by property website the Requirement List.
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NewsTequila Mockingbird secures fourth site
Tequila Mockingbird has secured its fourth site – 64 Atlantic Road in Brixton, through CDG Leisure.
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NewsUpham completes sale and leaseback of pub collection
Upham Pub Company has completed the sale and leaseback of 14 of its individually branded pubs to CBRE Global Investors.
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NewsAdmiral Taverns appoints new head of property
Admiral Taverns as appointed Andrew Hallam as head of property. Hallam held previous roles at the property team at Mitchells and Butlers and Tesco, where he was responsible for property within its hospitality division.
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NewsCDG Leisure to oversee F&B strategy at Frasers
CDG Leisure has been appointed by House of Fraser to oversee the food and beverage development strategy at Frasers – the luxury lifestyle retail brand launched by House of Fraser earlier this year.
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NewsLandlord covenant goes ‘full circle’
The concept of covenant has gone “full circle” with landlords now often preferring smaller independent brands to big institutional restaurant groups, Imbiba’s Darell Connell has told the Global Restaurant Investment Forum (GRIF).
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Imbiba appoints Sherlock as property director
Imbiba, the specialist hospitality investor, has appointed Kieran Sherlock as a property director, MCA understands.