£100m Leicester Square corner plot redevelopment

Property developers are set to spend £100 million transforming the north-east corner of London’s Leicester Square. Owners Soho Estates have appointed commercial property adviser Colliers to find a new tenant to turn the site into a new “destination” in the famous square, best known for hosting red carpet movie premieres. The corner currently houses a Zoo Bar, Burger King, Pizza Hut and Chiquito, alongside offices. The site sits next door to the Odeon cinema – which hosts its fair share of premieres – and bosses hope to find the next…

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Hand holding pint of beer. Photo by Pawel Kadysz on Unsplash

UK government’s “levelling up” agenda starts with takeaway pints

The further relaxation of reopening rules around outdoor dining and takeaway pints are set to government plans to ‘level up’ nation Takeaway pints and outdoor dining are set to be important parts of the government’s “levelling up agenda”, which the prime minister is expected to reveal in a speech this week. Boris Johnson will reveal plans to energise the country’s high streets, which include drastic changes to the hospitality industry’s operations. Pavement licences are set to be extended and made permanent, with the goal of making it cheaper for restaurants, pubs…

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UK restaurant. Photo by Robert Bye on Unsplash

CGA says UK hospitality industry still faces “very real” issues

Karl Chessell, CGA’s business unit director for hospitality operators and food, EMEA, reiterated that the pandemic has ‘inflicted massive damage’ into the sector, through the forced closure of thousands of businesses Despite some 79% of business leaders expressing optimism for the future, they also face the “very real” issues of staff shortages, rising costs and high debt levels, according to the latest Future Shock report from CGA and UKHospitality. Karl Chessell, CGA’s business unit director for hospitality operators and food, EMEA, reiterated that the pandemic has “inflicted massive damage” to the…

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