Wasps, the professional rugby union club and owner of the Ricoh Arena, one of the leading sports, exhibition, conferencing and events arenas, has announced a 15-year extension to the existing partnership between Compass Group UK & Ireland and Arena Coventry Ltd (ACL), the club’s subsidiary company, which runs the Ricoh Arena. The deal is expected to generate £195 million in … [Read more...]
JD Wetherspoon to sell 20 pubs
Pub operator JD Wetherspoon has appointed CBRE to handle the disposal of 20 of its pubs. The properties, which are being considered for sale either individually, in small packages or as a group, are brought to the market for the first time in many years and are located in prime town and city centre locations within England and Scotland. The outlets have strong exposure to … [Read more...]
Airports Commission opts for Heathrow
The Airports Commission has today (1 July 2015) published its Final Report, which sets out its recommendations to government for expanding aviation capacity in the UK. Now – the arguments begin, including whether it is all too late, and whether aviation routes are already changing and will reduce demand for UK capacity before the new runway is even built. Out of time: when … [Read more...]
Rick Stein announces new restaurant in Sandbanks
Rick Stein has announced plans to open a restaurant in Sandbanks, Dorset. With views overlooking the water, the restaurant will seat around 200 and is set to open in late autumn. The news comes as the next stage as part of the group’s business growth with recent openings in Winchester and also Porthleven and Fistral in Cornwall. The self-titled ‘Rick Stein’ restaurant … [Read more...]
Whitbread purchases £54 million West Smithfield building
The £54.35 million sale of the City & Guilds Group’s former HQ at 24–30 West Smithfield, London EC1 to Whitbread has been confirmed, paving the way for further investment into this fast emerging City fringe location. The nine-storey building, which comprises approx. 75,000 sq ft of office space will be transformed, subject to planning, into a Premier Inn hotel, the UK’s … [Read more...]