Rent

Ted Schama: 'Premiums are now almost non existent'

Ted Schama: 'Premiums are now almost non existent'

By James McAllister

The managing director of leisure property agency Shelley Sandzer has said premiums are now 'almost non existent' and the pandemic has given landlords a 'greater understanding' of restaurant business models.

Nearly 1,000 licenced hospitality premises lost since July

Nearly 1,000 licenced premises lost since July

By James McAllister

An average of 16 licensed hospitality premises have closed everyday since the market fully reopened in July, the new Market Recovery Monitor from CGA and AlixPartners reveals.

Rent collection rises across hospitality sector

Rent collection rises across hospitality

By James McAllister

The percentage of hospitality businesses able to pay rent has 'significantly improved' over the three weeks following June quarter day, according to the latest data from property agency Colliers.

Wales extends lease forfeiture moratorium as calls continue to grow for permanent solution to the rent debt.

Wales extends lease forfeiture moratorium

By James McAllister

The Welsh Government has extended the lease forfeiture moratorium until the end of June, as calls continue to grow for a permanent solution to the hospitality sector's growing rent debt.

Caffe Nero launches CVA

Caffe Nero launches CVA

By James McAllister

Caffè Nero has launched a Company Voluntary Arrangement (CVA) in response to the 'decimation' in trade caused by the ongoing Coronavirus restrictions.

Caffè Nero considers CVA

Caffè Nero eyes CVA

By James McAllister

Caffè Nero has become the latest high street operator to explore a Company Voluntary Arrangement (CVA) to help it emerge from the pandemic.

Hospitality businesses to make redundancies when furlough ends

Hospitality businesses to make redundancies when furlough ends

By Restaurant

At least half of hospitality businesses will have to make some level of redundancies once the furlough scheme comes to an end, according to the latest Hospitality Leaders Poll carried out by Lumina Intelligence for BigHospitality, MCA Insight and The...

UKHospitality urges Government to provide fiscal support Coronavirus unpaid rent landlords and tenants

UKHospitality urges Government to provide fiscal rent support

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.

Revised #NationalTimeOut plan on rent proposed Jonathan Downey Coronavirus

Revised #NationalTimeOut plan proposed

By James McAllister

Hospitality Union’s Jonathan Downey has written a second letter to the Chancellor, Rishi Sunak, featuring a revised #NationalTimeOut rent deal proposal.

"Mass repossessions" if government does not step in

By Finn Scott-Delany

The majority of landlords are refusing to negotiate meaningfully on rent payments despite the threat of widespread restaurant closures, Imbiba property director Kieran Sherlock has said.

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