Tag Archives: Christie + Co

INDUSTRY ANALYSIS: What sort of state is the UK pub sector really in?

INDUSTRY ANALYSIS: What sort of state is the UK pub sector really in?

Pub supply is now broadly balanced with good demand – with the rate of pub closures having stabilised to nearly nil despite negative publicity to the contrary – according to Christie & Co.  Simon Chaplin, head of pubs and restaurants at the firm, said it has continued to see confidence manifest in investment, as established operators

Aspiring restaurateurs reveal project plans after bagging £1m historic property in Cheshire

Two aspiring restaurateurs have completed the purchase of Churche’s Mansion, a former licensed restaurant and landmark building in Nantwich, and plan to relaunch it early next year. The historic Grade I listed Tudor property, which is over 400 years old, is one of the few buildings to survive the great fire of Nantwich in 1583

Large pub groups focus on ‘efficient-to-operate’ units to offset operational pressures

The operational pressures now heaped on large pub groups is prompting many to focus on “purpose-built” sites that they can control more closely when seeking expansion.   That’s according to property specialist Christie & Co, which has released its latest assessment of the pub market following a busy first six to seven months. Paul Chaplin,

Agent instructed to oversee sale of Jamie Oliver’s Barbecoa sites

The Jamie Oliver Group has instructed property agents to find a taker for its two Barbecoa sites in Central London, it has emerged. The highly-prized units are expected to attract international interest, which means a deal could happen quite quickly. Specialist adviser Christie & Co has been hired to oversee the sale and while it

Hotel near Yorkshire’s richest residents seeks external party for new restaurant concept

A 63-bed spa hotel in the West Yorkshire town of Ilkley is casting its net in the hope of finding an external party to take on a new restaurant concept. The Craiglands has instructed specialist business property adviser, Christie & Co, to lead the search for a unique restaurant capable of serving two current function

Mexican restaurant chain goes under the hammer

Lupita, a London-based Mexican restaurant chain, has been put up for market. The chain is made up of three sites located on Villiers Street (pictured) next to Charing Cross, Commercial Street in the City and Kensington High Street with a fourth site in the pipeline at Battersea. Owned by Calita Limited, Lupita specialises in authentic Mexican

Average restaurant property prices growing at rate of 14%

Average restaurant property prices are among the fastest growing of all sectors, according to the latest report by specialist business property adviser Christie & Co. Prices in the restaurant industry grew 14.1% last year, significantly faster than other parts of the hospitality market such as pubs (4.4%) and hotels (6%). Only the dental sector (14.9)

Group behind Walkabout chain expands with Coventry acquisition

Intertain, well-known for its Walkabout brand of bars, has purchased the sub-lease on Coventry’s Old County Hall, known as ‘The Establishment’. The unit will join the company’s portfolio of 32 bars in major towns and cities across the UK, the majority of which trade under the renowned Walkabout brand. The site will continue to trade

National Living Wage changes the game for restaurants

When it was first introduced in the UK in 1999, the National Minimum Wage (the NMW) and its potential impact on UK businesses prompted debate and divided opinions at the time. A decade and a half later, the debate has been reignited with the revelation of the National Living Wage (the NLW) announced to replace