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All Retail, leisure & hotels articles
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News‘Remarkable’ growth of competitive socialising set to last, Savills reports
Competitive socialising in the UK is growing at a “remarkable” rate, according to research from Savills, which has labelled the sector as “the biggest development the leisure sector has seen in decades”.
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NewsYoung & Co Brewery to purchase City Pubs in £162m deal
Young & Co Brewery, a managed operator of pubs and rooms to rent across London and the south of England, has reached an agreement to acquire City Pubs for around £162m.
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NewsEight split from Avison Young to form retail advisory practice
A group of eight leading retail warehouse agents have left Avison Young to set up a new advisory practice called Park Place Retail, Property Week can reveal.
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NewsPrivate equity giant agrees £506m deal to take over Wagamama owner
The Restaurant Group (TRG), which owns Wagamama, is reportedly being taken over by US private equity giant Apollo in a £506m deal.
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NewsURW eyes up architects Kohn Pedersen Fox for Croydon centre revival
Retail giant Unibail-Rodamco-Westfield (URW) is in advanced talks with architect’s Kohn Pedersen Fox (KPF) to draw up a masterplan for its Croydon site, with an aim to submit a new masterplan which will include thousands of homes by 2025.
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OnlineDalata buys Edinburgh office site for £48m hotel conversion
Ireland’s largest hotel owner and operator, the Dalata Hotel Group, is spending £48m to buy and convert an Edinburgh office building from Aviva Life & Pensions UK.
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NewsWhitbread 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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NewsBBC 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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NewsPureGym 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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InsightAvison Young’s Lesley Males on whether the concept of the department store is truly dead
The decline of the department store sector has been under way for the last 10 years. Around 85% of those occupied by the former ‘traditional’ operators have closed, with problems increasing since the collapse of BHS. This begs the question of whether the concept of the department store is truly ...
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InsightEPRA’s Dominique Moerenhout on why Europe’s hotel sector is a promising avenue
The European real estate market has experienced turbulence due to rising inflation and shifting investor sentiment. At a subsector level, however, the continent’s hotel sector has emerged as a promising asset class with a strong future. As travel restrictions have largely eased and consumer confidence proves resilient, the hotel industry ...
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NewsCost of housing migrants in hotels reaches £8m a day
The cost of housing asylum seekers in hotels has hit £8m a day, according to the latest Home Office figures, totalling nearly £3bn a year.
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OnlineWetherspoons 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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NewsBuckingham Group collapse hits string of stadium developments
Construction firm Buckingham Group has formally entered administration after attempts to find a buyer failed, throwing a wrench in the works of a number of major developments involving UK sports stadiums.
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NewsPraxis and Veld Capital buy Birmingham campus Brindleyplace for £125m
Property investment platform Praxis and private credit investor Veld Capital have bought Birmingham’s mixed-use campus Brindleyplace in a deal worth £125m.
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NewsPrincess Diana’s preparatory school for sale
Riddlesworth Hall in Norfolk, attended by the late Princess Diana, is on the market with a price tag of £3m-plus.
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NewsTory donor told to demolish five-star Windsor hotel after planning breach
A multimillionaire Conservative donor has been ordered to knock down part or all of a five-star luxury hotel near Windsor after he breached planning regulations.
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NewsMercure Glasgow acquired by S Hotels & Resorts for £7.5m
S Hotels & Resorts has bought the freehold of Mercure Glasgow City Hotel on Ingram Street from Alternative Income REIT for £7.5m.
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NewsCineworld suspends listing on London Stock Exchange
Cineworld has suspended its listing on the London Stock Exchange and applied to the High Court to be put under administration amid its restructuring process.
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OnlineStärka recruits Gavaghan from Bruntwood
Leisure real estate adviser Stärka has appointed Lauren Gavaghan as acquisitions and development consultant.
