Tag: Leisure Property

Tesco Pension Fund seeks permission to Expand Leisure Offering at Jarman Park

Posted on 18 February, 2015 by Kirsten Kennedy under Commercial Developments

As consumer-facing commercial industries face increasing pressure from customers to diversify their leisure offering and tenant mix, site owners continue to engage in redevelopment projects meet demand. This is the tactic Tesco Pension Fund intends to utilise... Read More

Travelodge expansion reflects growth in Hotel and Leisure Sector

Posted on 17 February, 2015 by Cliff Goodwin under Business News

Travelodge — Britain's second biggest budget hotel operator — is capitalising on its strong 2014 performance by confirming plans to open 25 new sites every 12 months for the next six years. The chain already has a £100m construction programme... Read More

Work begins on £12 million Yate Riverside Complex

Posted on 8 February, 2015 by Kirsten Kennedy under Commercial Developments

Although many large scale leisure developments have been announced in recent months, the majority are taking place in major cities throughout the UK – a sign that developers have not yet regained all of the confidence lost by several years of... Read More

Birmingham O2 Academy sold for £3.15 Million

Posted on 22 January, 2015 by Chris Grigorovsky under Commercial Sales and Lets

Property investment company Riverside Capital has sold the 02 Academy in central Birmingham to an unnamed private investor for £3.15 million, representing an initial yield of 6.9%. The Bristol Street property is currently let to the Academy Music Group... Read More

Chesterfield to gain £400 million Leisure Resort

Posted on 20 January, 2015 by Kirsten Kennedy under Business News, Commercial Developments

Consumers have continued to up their spending on luxury items as the economy recovers which, along with the retail industry, has hugely benefited operators of leisure businesses across the country. This week, developer Birchall Estates has confirmed that... Read More

Transformation of former Morrisons Headquarters given Green Light

Posted on 15 January, 2015 by Kirsten Kennedy under Commercial Developments

Major retail and leisure developments were something of a trend in 2014 and seem set to continue this year thanks to the continuing improvements within the economic climate. This has allowed the debate over the future of the former Morrisons headquarters in... Read More

First pre-lets confirmed for Bournemouth Leisure Destination

Posted on 3 December, 2014 by Kirsten Kennedy under Commercial Developments

Although work has just begun this week on a new leisure destination in Bournemouth, developer Licet Holdings has confirmed that a high percentage of restaurant units have been pre-let due to the immense demand for space. The £50 million leisure... Read More

Former Bradford Odeon to become major Music Venue

Posted on 30 November, 2014 by Kirsten Kennedy under Top Properties

Bradford’s Odeon has fallen into a considerable state of disrepair since closing in 2000, with numerous plans for development falling through. However, the purchase of the commercial property by Bradford Council earlier this year for just £1 has allowed... Read More

Work to begin on stalled Stratford Retail and Leisure Scheme

Posted on 6 November, 2014 by Kirsten Kennedy under Commercial Developments

During the recession, a number of development schemes around the country stalled due to a lack of funding. Now, as the recovery continues to intensify, a growing number of these projects are restarting, including a £30 million retail and leisure development... Read More

Investment Managers toast acquisition of prime Birmingham Nightspots

Posted on 14 October, 2014 by Kirsten Kennedy under Commercial Sales and Lets

Specialist investment management firm Kames Capital is toasting the acquisition of two of Birmingham’s most popular nightspots. Kames has purchased the Mechu and Après nightclubs on Summer Row from Town & Country Inns as a means of boosting... Read More