All Leisure articles – Page 4
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News
Premier Inn owner Whitbread strengthens property team
Premier Inn owner Whitbread has strengthened its construction and property acquisition teams with four new appointments.
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Wimbledon tennis expansion plans agreed in face of opposition
Merton Council has approved controversial plans to expand the Wimbledon tennis championship site in south west London despite local opposition branding it an “aggressive, inappropriate commercial development”.
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Pizza Express considers bid to gatecrash £506m TRG deal with Apollo
Pizza Express is considering a bid for The Restaurant Group (TRG), the listed company that owns Wagamama, Sky News has reported.
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Frogmore and C1 seek development partner to double size of Hilton London Olympia Hotel
Frogmore Real Estate Partners and C1 Capital are seeking a partner to redevelop and ultimately own the Hilton London Olympia Hotel in Kensington, West London, after redevelopment plans were approved last night (19 October) to more than double the size of the property from 404 to 905 bedrooms.
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Premier Inn owner targets ambitious expansion on back of strong results
Premier Inn owner Whitbread is set to boost expansion spending by £100m as it takes advantage of strong profits to target 125,000 rooms across the UK and Ireland.
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JD Sports poised to take House of Fraser space at Cwmbran Centre in South Wales
JD Sports is believed to have agreed a deal to take over the former House of Fraser department store in the Cwmbran Centre in Torfaen, South Wales.
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Leonardo Hotel in Newcastle hits the market for £31.8m
Knight Frank has been appointed to sell the 274-bedroom Leonardo Hotel in St James’ Gate, Newcastle, for £31.8m on behalf of an unnamed UK investment fund.
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Clearbell’s Amber Portfolio proceeds reach £174m after sports complex sale
Clearbell Property Partners II LP has sold the final asset in its mixed-use Amber portfolio for £8.40m to Manchester-based property company Elstar.
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LXi REIT cheered by ‘green shoots’ despite reporting valuation fall in trading update
LXi REIT pointed to “green shoots emerging” as it reported a fall in the value of its property portfolio from £3.36bn on 31 March to £3.19bn on 30 September.
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Whitbread adds 100-room Dublin hotel to Premier Inn portfolio
Whitbread has secured its eighth location in Ireland for its Premier Inn hotel brand at Usher’s Quay, in the Dublin 8 district.
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BBC considers extending lease at Birmingham’s Mailbox
Mailbox REIT said the BBC is likely to stay for up to another two years at the mixed-use Birmingham scheme when its lease expires in 2026.
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London spy tunnels to be turned into tourist attraction in ambitious £220m plans
A mile-long network of secret tunnels 40m underground is set to become a unique tourist attraction under £220m proposals for an ambitious commercial development underneath London.
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PureGym completes £805m refinancing in ‘huge vote of confidence’
The chief executive of the UK’s largest gym chain PureGym has heralded a “huge vote of confidence” in its expansion plans after its holding company Pinnacle Bidco completed a refinancing deal worth £805m.
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Leisure assets prove popular in Acuitus’ £31m September sale
An Odeon cinema in Hastings was snapped up for £250,000 above its guide price just before the start of Acuitus’s latest auction on 21 September, which raised £31.39m, with 85% of the lots offered sold.
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Really Local Group named anchor tenant for phase two of £68m Nuneaton regeneration
Nuneaton and Bedworth Borough Council has named developer Really Local Group as the anchor tenant for a 14,000 sq ft mixed-use town centre scheme in Nuneaton, Warwickshire.
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Third Space gains £88.5m funding to support opening of new clubs
London-based luxury health and fitness brand Third Space has secured £88.5m of funding from OakNorth and Searchlight Capital Partners to support its business plan and the opening of additional clubs.
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Therme appoints UK CEO as £250m Manchester development gets approval
Therme Group has appointed Professor David Russell as its first UK chief executive after receiving planning approval for the UK’s first city-based wellbeing resort in Manchester.
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Online
Wetherspoons places another round of pubs up for sale
JD Wetherspoon has placed another 11 pubs up for sale, appointing CBRE and Savills as joint agents.
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Yoo Capital plans to restore West End theatre for Cirque du Soleil
Real estate investment firm Yoo Capital has announced plans to restore The Saville Theatre in London’s West End and make it the permanent UK home of the Cirque du Soleil Entertainment Group.
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Coffeehouse chain Tim Hortons launches UK franchise model to spur growth
Canadian coffeehouse chain Tim Hortons is launching a new franchise model in the UK to further spur its rapid expansion.