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Kitchen Rugs

Watchdog raps Tesco for blocking rivals from opening stores | Online

Tesco supermarket

The Competition and Markets Authority explained it very first found out that Tesco experienced been in breach of levels of competition guidelines in 2018. Tesco subsequently reviewed all its land agreements and uncovered 23 breaches in complete.

Tesco has now agreed to put an conclude to anti-competitive practices and the CMA has written to all other major supermarket chains asking them to display that their land agreements are not in breach.

The corporation was uncovered to be in breach of the Groceries Marketplace Investigation (Controlled Land) Purchase 2010, which banned restrictive clauses that prevent a piece of land from currently

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Kitchen Rugs

Hines secures London mixed-use scheme | Online

 

Comprising eighty New Bond Road and 325 Oxford Road, the asset includes 37,414 sq ft of business and retail area.

 The house was purchased from Aviva Buyers by Hines on behalf of Hines European Benefit Fund two (HEVF2), for an undisclosed sum.

It is at the moment enable to four tenants with vacancy obtainable from August 2020. Hines will refurbish equally the site’s retail and business area.

This is the third acquisition for HEVF2, bringing the quantity of equity allotted by the fund to €300m. When the very first fund lately closed, it had secured €637m.

Jake Walsh, director of

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Kitchen Rugs

Wonderland Restaurants to launch new concept at 77 Bewer Street | Online

Park Row with people

Park Row has agreed to just take the 18,000 sq ft basement location at The Crown Estate’s Quality II listed setting up.

Park Row, which is owing to open up in spring this year, will comprise 5 places to eat and 3 bar parts.

“We are thrilled to be welcoming this really floor-breaking principle and to supply a platform for the Wonderland crew to redefine the standard of immersive dining activities,” stated Katerina Mercury, senior asset management of The Crown Estate.

“Situated moments from Regent Street, Piccadilly Circus and to Soho, the beautiful art deco 77 Brewer Street is the

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Kitchen Rugs

Glasgow’s food and beverage sector slumps 15% in 2019 | Online

George Square Glasgow

Get-up in the city strike 65,000 sq ft, down 15% from the 12 months right before. However the proportion of just take-up by unbiased cafe operators grew by 25%, tallying at forty,000 sq ft.

Among the new restaurants have been pasta eaterie Sugo on Mitchell Road, Blythswood Square’s new modern-day brasserie Bo and Birdy, and Mexican bar and taqueuria Mezcal on Hope Road.

“For many independents, they have been priced out of quality rental areas and as a substitute opted for quirky areas which are lessen in rent, but however near sufficient to the centre to attract prospects,” explained John

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Supermarket Income REIT eyes British Land Sainsbury portfolio | Online

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