£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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Merry Hill Shopping Centre - geograph.org.uk - 1124312.jpg - Wikimedia Commons

£50m facelift to create new leisure offer in Black Country

Asset manager of Black Country retail hub outlines plans to make shopping centre fit for a post-covid landscape by increasing the leisure and dining out options Merry Hill shopping centre is to undergo a major overhaul aimed at broadening the retail hub’s appeal in a post-covid landscape by increasing its leisure offer. Asset manager Ellandi has outlined a programme of renovation works worth £50 million as it aims to keep the centre relevant following a tumultuous time for the retail landscape as consumer habits changed and online shopping boomed during…

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closed restaurant window. Photo by Kelly Sikkema on Unsplash

The UK Commercial Lease Eviction Ban “goes on and on”

The UK government has announced that the moratorium on the enforcement of commercial leases will be extended until 25 March 2022, a full two years after it was first introduced. Thanks to political cover from the Labour opposition, and fears of widespread job losses in the hospitality and licensed sector, the government has resisted pressure from landlords to end the moratorium. In a statement on Wednesday 16 June to the House of Commons, Chief Secretary to the Treasury Steve Barclay announced the moratorium’s extension. This had been widely anticipated since Monday’s announcement that the final stage of lockdown restrictions…

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