All Retail, leisure & hotels articles
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News
Plans for £35m refurbishment of The Caledonian hotel unveiled
The project will expand the Waldorf Astoria Edinburgh to more than 300 rooms.
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News
London hotel development site valued at £250m up for sale
Savills and Cushman & Wakefield have been jointly appointed to conduct the sale.
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News
STAA appoints Booking.com’s MacConnacher as chair
Fiona MacConnacher named chair and Leo Walton vice-chair of The UK Short Term Accommodation Association (STAA).
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Online
Savills’ Robert Stapleton on why hotels still prove a solid hedge against inflation
Hotels are the second-oldest asset class after residential – and consumers continue to seek a home away from home to visit new places, friends and family.
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News
British Land and AustralianSuper put forward plans to revive Printworks London
A reserved-matters planning application has been submitted to house the music venue in the developers’ Canada Water development from 2026.
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News
London Tunnels plans London Stock Exchange flotation
Tourist attraction developer intends to undertake first IPO of 2024
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Insight
Distrkt’s Camilla Topham on the significant challenges facing hospitality
As we look to the year ahead, the challenges the hospitality sector has faced over the past few years are still very much present. However, tailwinds may begin to blow again.
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News
Retail sees biggest drop in carbon emissions across industry
The UK retail sector saw the biggest percentage drop in carbon emissions per real estate unit last year, at 17.6%, according to a new report.
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News
Las Vegas Sphere developer withdraws Stratford plans lamenting ‘political football’
The US developer behind plans for the highly controversial Sphere venue in east London has pulled its planning application, dubbing the process “a political football between rival parties”.
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News
Klarent Hospitality appoints Green as managing director of transactions
Klarent Hospitality has appointed Joe Green as managing director of transactions to lead the hotel investment and manager’s UK and European growth plans.
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Insight
Leading RE’s Chris Dietz on the intersection of sports stadiums and real estate
In the world of real estate investment, location is everything. Proximity to amenities, schools, and centres of employment often dictates the desirability and value of a property. When it comes to being near a major sporting venue, for real estate investors, such locations can sometimes be a golden ticket or ...
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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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News
Young & 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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News
Eight 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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News
Private 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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News
URW 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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Online
Dalata 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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News
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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News
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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News
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.