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All Retail, leisure & hotels articles – Page 10
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OnlineL&G UK Property Fund invests over £50m in Edinburgh regeneration project
Legal General’s UK Property Fund will invest over £50m in a major regeneration project in Princes Street, Edinburgh.
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OnlineNext close to buying Victoria’s Secret’s British operations
Next is close to securing control of Victoria Secret’s British operations.
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OnlineSavills completes sale of Cornwall hotel to Acorn Blue
Savills has completed the sale of Treglos Hotel on behalf of a private client.
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OnlineVapiano appoints retail property specialist tasked with saving 200 jobs
Restaurant chain Vapiano has appointed a retail property specialist to help secure the future of the business in the UK.
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OnlinePizza Express bondholders mull CVA
High street chain Pizza Express is set to be taken over by its bondholders in a CVA as it struggles with revenue loss as a result of the pandemic.
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InsightRetail needs a lifeline to survive
It’s hard to imagine how the past three months could have been any tougher for the retail property sector.
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OnlineJohn Lewis to follow Primark and reject job retention bonus
John Lewis is set to follow Primark and reject the chancellor’s job retention bonus scheme.
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OnlineItsu explores restructuring options
Sushi chain Itsu has become the latest restaurant chain to explore restructuring options.
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OnlineBoots to close 48 optician stores, axing 4,000 jobs
High street pharmacy chain Boots is set to close 48 optician stores, cutting 4,000 jobs.
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OnlineTown Centre Securities collects 83% rent since March
Town Centre Securities has collected 83% of rent due since March 2020.
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NewsWhitbread sales slump 79% amid hotel reopenings
Hotel operator Whitbread’s total sales in the UK have slumped 79.5% due to the mass closure of hotels in March.
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OnlineShiva Hotels secures £230m loan for Marylebone hotel
Shiva Hotels Group has secured a £230m development financing package from Cale Street Investments to fund its 199 room luxury hotel in Marylebone, London.
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OnlineSmart Spaces to deliver Manchester’s first smart building
A leading smart-building operating system provider has been appointed to deliver Manchester’s first smart building.
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OnlineLondonMetric completes £73m of acquisitions
LondonMetric has completed acquisitions worth £73m after its £120m equity placing in May.
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NewsLegacy Hotels to take over historic Liverpool hotel
Legacy Hotels is to take over from Signature Living as the operator at 30 James Street hotel in Liverpool, reopening late next month.
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OnlineTravelodge CVA approved
Travelodge’s creditors have voted to approve the proposed company voluntary arrangement (CVA).
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OnlineGovernment extends ban on tenant evictions and releases code of conduct
The government has extended its ban on evicting commercial tenants and issued a code of practice for rental arrangements as the retail and hospitality sectors continue to suffer from the Covid-19 lockdown.
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OnlineAllSaints enters CVA and proposes turnover-based rents
Fashion brand AllSaints is entering a CVA and proposing a move to turnover-based rents.
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OnlineTravelodge CVA vote hinges on detail
The majority of Travelodge landlords will vote to approve the operator’s CVA, conditional on detailed documentation being provided by the operator.
