All Retail, leisure & hotels articles
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OnlineCBRE sells Glasgow office building in off-market deal
CBRE has sold a Glasgow office building for Patrizia for more than £5.5m.
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Online
LabTech reveals plans for new Camden landmark
London investor LabTech has unveiled plans to build a 32-metre observation wheel in Camden Market’s West Yard.
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News
L&G gets green light for £50m redevelopment of Edinburgh Debenhams
Legal General Investment Management (L G) has received planning permission for its redevelopment of Edinburgh’s former Debenhams into a hospitality and hotel scheme.
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News
Orchard Street brings Roxy Ball Room to Nottingham’s The Cornerhouse
Orchard Street Investment Management has signed leisure and entertainment specialist Roxy Ball Room at The Cornerhouse, Nottingham.
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News
Marathon snaps up 17-hotel portfolio
MCAP Global Finance, an affiliate of New York-based investment manager Marathon Asset Management, has bought a large UK hotel portfolio from Cerberus Capital Management for an undisclosed sum.
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News
London Square Works seals four lettings across Greater London
London Square Works, the commercial arm of developer London Square, has signed four lettings with The Co-op, The Gym Group and Instant Offices across its mixed-use sites in Greater London, Property Week can reveal.
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News
Queensferry offloads Bruntsfield Hotel in Edinburgh
Queensferry Hotels has sold the Best Western Plus Bruntsfield Hotel in Edinburgh in an off-market transaction to Castleforge Partners.
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Online
High street rent collections up by 21.8% on last quarter
Rents received by high street landlords have increased by 21.8% since Q4 2020, with 67.7% of rents being received by landlords and property managers.
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Markets
Checking back into UK hotels
Experts are optimistic that pent-up demand will drive sector recovery.
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News
Vonder launches new central London hotel line
Co-living brand Vonder is launching a new line of extended-stay hotels in central London this year.
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News
Domestic tourism set to drive UK hotel market recovery by 2024
Domestic rather than overseas tourists are set to drive the recovery of the UK hotel market, but UK tourism demand is not expected to return to pre-pandemic levels until 2024, predicts CBRE in its latest Hotels Pan EMEA Market Update.
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News
Bad Axe Throwing to open second UK venue in Croydon’s Boxpark
Competitive socialising company Bad Axe Throwing is set to open a new venue at Boxpark Croydon in south London on 17 May.
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Online
Liverpool ONE to double outdoor seating
Liverpool ONE is to increase its outdoor seating capacity by 100% as part of a plan to support operators.
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Online
Next increases expected property losses by £100m
Next has increased its expected future property losses by £100m. The retailer said in a statement to the stock exchange this morning that it does not anticipate retail sales fully recovering to pre-Covid levels, and has increased its property provision as a result.
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News
Dickens Yard inks deals welcoming BrewDog, Leon Beauty and Dickens Yard Dental
Berkeley Group subsidiary St George announced Dickens Yard will be welcoming BrewDog, Leon Beauty and Dickens Yard Dental to its retail, restaurant and leisure quarter in Ealing town centre.
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Markets
Taking the post-Covid pulse
Some alternative sectors will continue to flourish while others will falter,
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News
Safestay sells Edinburgh hostel to a&o
Safestay has sold a hostel in Edbinburgh to a o Hotels and Hostels for £16m in a bid to strengthen its balance sheet.
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Online
West End businesses back £40m investment in the district
New West End Company has had its mandate renewed for another five years with more than 600 businesses from the London district committing to £40m of investment for the area in that time.
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Online
Secure Income REIT posts 77% drop in earnings per share
Secure Income REIT has posted a 77% drop in earnings per share (EPS) for the year to 31 December 2020.
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Online
Marriott International’s Aloft brand opens debut hotel
Marriott International brand Aloft Hotels has debuted in Birmingham with the opening of Aloft Birmingham Eastside.
