Landlord

Shaftesbury and Capco merger gets green light

23-Feb-2023 By James McAllister

The merger between Shaftesbury and Capital & Counties Properties (Capco) is due to complete next month having been given the green light by the Competition and Markets Authority (CMA).

Fresh hope for future of Simpson’s Tavern as it secures ‘community value’ designation

19-Dec-2022 By James McAllister

A campaign to save historic London chophouse Simpson's Tavern has been given a boost after the restaurant was designated an asset of community value by the City of London Corporation.

West End hospitality sales show strong recovery, says Shaftesbury

29-Nov-2022 By Restaurant

Monthly sales in hospitality are ahead of pre-pandemic levels in London’s West End, according to Shaftesbury.

'London's oldest chophouse' forced to close by 'cynical landlord'

02-Nov-2022 By James McAllister

Historic chophouse Simpson's Tavern in the City of London has launched a crowdfund as it battles to survive after being 'forced to close through the cynical actions of its landlord'

Shaftesbury launches restaurant incubation space in Chinatown

27-Oct-2022 By James McAllister

West End landlord Shaftesbury has launched a new pop-up restaurant incubation space in London's Chinatown, with wheelcake brand Dragon Cat Café as the first occupant.

Shaftesbury and Capco agree merger to become Shaftesbury Capital

16-Jun-2022 By Restaurant

West End landlords Shaftesbury and Capital & Counties Properties (Capco) have reached agreement on a recommended all-share merger of the companies.

West End landlords Shaftesbury and Capco in advanced talks on £3.5bn merger

10-May-2022 By James McAllister

London landlords Shaftesbury and Capital & Counties Properties (Capco) are in advanced talks on a £3.5bn merger that would bring tourist hotspots including Covent Garden and Soho under common ownership.

Restaurant insolvencies jump by a fifth to highest levels since pandemic

14-Mar-2022 By Restaurant

Restaurant insolvencies jumped by a fifth in the last quarter of 2021 to reach highest levels since the Coronavirus pandemic began.

Central London weekend footfall back to pre-Covid levels, says Shaftesbury

30-Nov-2021 By Restaurant

Footfall in central London over the weekends has returned to 2019 levels, according to landlord Shaftesbury.

Corbin & King's Manzi’s launch pushed back to New Year over 'differing views' with backers

02-Nov-2021 By Restaurant

Corbin & King will look to open its new Soho restaurant Manzi’s in the New Year after having to press pause on the development because of uncertainty in the market.

Taking the arbitrary out of arbitration

27-Aug-2021 By Duncan Lillie

Arbitration between landlords and tenants might offer finality, but agreeing terms for the repayment of rental arrears before it gets to this is in everybody’s interest.

Corbin & King faces legal battle after landlord tries to evict The Wolseley

12-Aug-2021 By James McAllister

Corbin & King is locked in a legal battle with the landlord of its Mayfair flagship The Wolseley over unpaid rent that has accumulated during the course of the pandemic.

Caffè Concerto to launch CVA

08-Feb-2021 By James McAllister

London-based patisserie chain Caffè Concerto is launching a Company Voluntary Arrangement (CVA) in an effort to reduce its rent debt after facing legal action from one of its landlords.

Landlord launches legal action against hospitality tenants over unpaid rent

01-Feb-2021 By James McAllister

Burger brand Five Guys and café chain Caffe Concerto are both facing legal action over unpaid rent after one of their landlords filed respective county court claims against each operator.

Lord Sugar fuels landlord-led challenge against Caffè Nero CVA

04-Jan-2021 By James McAllister

Lord Sugar is fuelling a landlord-led revolt against a rescue deal for Caffè Nero.

Ask The Experts: Four tips for better rent negotiation

14-Dec-2020 By Anthony Lorenz

Leading commercial property advisor Anthony Lorenz provides advice to tenants

Shaftesbury collects 41% of rents in H1

25-Sep-2020 By Georgia Cronin

West End pub and restaurant landlord Shaftesbury has said it remains confident in the long-term prospects of its portfolio, despite collecting less than half of its owed rent in the past six months.

Shaftesbury transforms part of Chinatown into 'open air food destination'

13-Aug-2020 By James McAllister

Shaftesbury PLC has temporarily transformed part of London's Chinatown into an 'open air food destination', as part of a campaign to support tenants as they reopen.

Trade bodies call for introduction of 'Property Bounceback grant'

11-Aug-2020 By James McAllister

Landlords and operators have issued a joint call for a joint call for a Government-backed Property Bounceback grant to facilitate in rent negotiations.

Dhruv Mittal: “If we were to reopen, the restaurant would die within a week”

06-Aug-2020 By James McAllister

DUM Biryani and Lucknow 49 chef patron Dhruv Mittal has spoken of his heartbreak at having to place both London sites on the market.

Landlords offer move to turnover rents

22-Jul-2020 By James McAllister

Capital & Counties Properties PLC (Capco), the management company for the Covent Garden estate, says it is offering some tenants the opportunity to move to a turnover-linked rent agreement.

James Sommerin's Michelin-starred restaurant forced to close after landlord eviction

22-Jul-2020 By James McAllister

James Sommerin's eponymous Michelin-starred restaurant in the Welsh coastal town of Penarth is reported to have closed after the landlord told the chef to vacate the premises.

Shaftesbury sets out plans to temporarily pedestrianise Seven Dials

21-Jul-2020 By James McAllister

Shaftesbury PLC has revealed plans to implement temporary timed road closures in London's Seven Dials from August 3.

UKHospitality urges Government to provide fiscal rent support

10-Jun-2020 By James McAllister

UKHospitality has warned of significant business failures and job losses across the sector if the Government fails to provide fiscal support to overcome the stand-off between landlords and tenants over unpaid rent.

Future of Soho pub the French House "guaranteed until February" thanks to rent relief

29-May-2020 By James McAllister

The future of iconic Soho establishment the French House, which is home to one of the UK's best restaurants, is "guaranteed until February" following a rent reprieve and successful fundraiser.

Winding-up petitions against restaurants increase 165%, with further surge expected

18-May-2020 By James McAllister

The number of winding-up petitions issued against restaurants has jumped by 165% so far in 2020, with a second surge expected in the coming months.

McDonald's approaches landlords seeking rent cut

04-May-2020 By James McAllister

McDonald’s is reportedly in talks with some of its landlords in the UK about cutting rent payments.

New Government measures ban landlords from pursuing aggressive forms of rent recovery

23-Apr-2020 By James McAllister

New measures are being introduced to help protect any commercial tenants who are feeling the pressure from landlords pursuing aggressive forms of rent recovery.

Rise in young landlords drives pub and bar growth

22-May-2015 By Sophie Witts

Rising turnover and a surge of young talent entering the industry are providing encouraging signs of growth for the pub sector, according to new data from Barclays released today (22 May).

Brasserie Bar Co secures £13.5m of new funding

17-Feb-2014 By Mark Wingett

Brasserie Bar Co, the owner of the Brasserie Blanc chain and White Brasserie Company, has secured £13.5m of new funding to support the expansion of the group by at least 20 new sites over the next three years

Bill’s and Byron confirmed for Hammersmith

20-Dec-2013 By Mark Wingett

Bill’s and Byron have both been confirmed as tenants for the 10 Hammersmith Grove development in west London, which is owned by Development Securities Plc and Scottish Widows Investment Partnership Property Trust.

Hall & Woodhouse reports surge in number of former management operators applying to become pub tenants

11-Jan-2013 By Peter Ruddick

Dorset-based brewer and pub operator Hall & Woodhouse has reported a growth in the number of former managed pub operators who have successfully become tenants with the company.

Devon villagers seek pub tenant after grouping together to buy their local

13-Sep-2012 By Peter Ruddick

A group of 57 residents in the Devon village of Cadeleigh have become the latest community group to save their local by clubbing together to buy the Cadelieigh Arms pub and are now searching for a tenant to take on the business.

No statutory code for pubs as BBPA agrees legally binding reforms

24-Nov-2011 By Rachel Parkes

The British pub industry is to adopt legally-binding reforms to how they manage the relationship between pub companies and tenants, avoiding the government’s threat of statutory regulation.