UK councils own one in five buildings currently occupied by restaurant chains, putting them at risk as many high street chains such as Prezzo struggle.

Of nearly 3,000 restairant branches in the UK, local authorities own 577, according to a new report from research company Datscha, giving them almost 20pc of the total. The company with the highest exposure was property giant Land Securities, which owns 87 sites.

Casual dining has suffered a number of high-profile casualties in recent weeks, including Prezzo, Byron Burger and Jamie’s Italian.  Around one quarter of made an operating loss in at least one of the previous two quarters, according to new figures from KPMG.

Read more in the Telegraph

March 28, 2018