Welcome to MOVEHUT News. Here you will find the latest news from the commercial property sector. We list our commercial property news in easy to find sections to help you find the articles you want to read. You can filter our articles by categories, recent post, archives and tags.
The co-founder of Wikipedia, Jimmy Wales, will step down from the Guardian Media Group (GMG) board after joining over 12 months ago. This decision comes after Mr Wales decided to establish his own news company, Wikitribune. The main objective of Wikitribune will be to provide "factual and neutral" news coverage, with 20 journalist... Read More
Tesco, the UK’s largest supermarket, has announced its plans to sell its optician business to Vision Express, as it prepares for a £3.7 billion Booker takeover. First established in Peterborough in 1999, the supermarket currently has a total of 206 optician practices throughout the UK. It is expected that the sale will happen later... Read More
A German global banking and financial services company, Deutsche Bank, has become the largest commercial real estate lender in New York city for the first time in 2016. Deutsche Bank is a global banking and financial services company from Germany. The company’s current Headquarters is at Deutsche Bank Twin Towers in Frankfurt. The... Read More
The recent revaluation at the beginning of April this year meant over half a million firms had to start paying higher business rates. However, what is not known is the Government’s new £300 million business relief scheme, which many firms could benefit from. It’s the first time since 2010 that business rates have changed due to... Read More
With several buyers from Hong Kong including CC Land and Emperor Group, London’s West End commercial property investment has significantly increased to £1.93 billion in 2017’s first quarter. The previous record for the City’s West End area was £1.8 billion in 2013. The total invested in central London was £4.18... Read More
It is apparent that cyber-attacks are becoming a growing threat to the businesses in the UK. In 2016, Tesco bank were in involved in a cyber-attack, resulting in the company having to refund millions of pounds to their customers, while Talktalk was fined nearly half a million pounds following the company’s customer data was stolen by... Read More
For a second consecutive month, the London commercial property market slowed in growth, despite signs of recovery after the EU referendum vote in June 2016. It was reported that he Brexit vote last year led the businesses in the city to take more cautious approach to the market. As a result, a number of commercial property occupiers... Read More
It has been reported that the importance of Investment from outside the UK, such as China and South Africa, will further increase for the commercial property market in Scotland in 2017. The figures from 2016 show nearly two thirds of the commercial property spend was from foreign investors. Furthermore, for the city of Edinburgh, the... Read More
The Irish property market could be showing the way forward for the commercial property in 2017 as a blend of demand from investors and large international corporations are expected to push values upwards for the next six months. This is what has been conveyed from CBRE's first bi-monthly report for 2017. There will be a considerable... Read More
More than £400 million worth of property will be offload by Hammerson as the company looks to generate more capital for their construction on two massive new shopping centers in London. The developments planned will located in Croydon, which the company is working together with Westfield and Brent Cross. Hammerson owns the Bullring... Read More
Foreign property investments by Chinese companies have come to a complete halt, with a drop of 84% in January 2017, as China capital controllers look to re-establish the flow of foreign buys. Chinese regulators have imposed a series of restrictions on outbound property investments in the past six months, in order to control capital outflow... Read More
It has been announced the Co-op Bank has been put up for sale today, and is now looking to sell all its shares. It’s not the first time the well-known high street bank has been in trouble recently. The Co-op Bank almost collapsed in 2013, however, managed to stay afloat with U.S hedge fund bailout. The Co-op Bank currently has... Read More
New business rates, coming into effect from April 2017, are to have dramatic impacts on businesses of all sizes and types across the UK. Business rates, also known as non-domestic rates are taxes that are chargeable on all different types of commercial properties across the UK, from retail and industrial properties to... Read More
The Abraj Kudai, set to be completed in 2017, will become the largest hotel in the world with 10,000 rooms to made available to the public. The building will be located two kilometers away from the site of Mecca, which attracts 2 million Muslims for the annual Islamic pilgrimage. The $3.5 billion development project will span... Read More
It has been announced that Poundland will start selling Pep & Co Clothing Range across 10 Poundland stores across the UK. The Poindland shops that will implement the concession are: Wembley, Woolwich, Hanley, Southampton, Kings Heath, Rhyl, Dudley, Slough, Gillingham and Ilkeston. Pep & Co is a UK fashion retailer based in Watford,... Read More
Announced by Hammerson Plc, Gourmet Burger Kitchen has become the latest addition to open at Leicester’s Highcross Shopping Centre, located in Highcross St Peter’s Square. The restaurant plans to open in the summer 2017. Gourmet Burger Kitchen, also known as GBK, is a burger restaurant chain established in 2001 in London. The chain... Read More
It has been reported that Nationwide will close its commercial property lending business as the UK’s biggest building society sees a fall in profit. Compared to its profits of £802 million in the six-month period to the end of September last year, the same period this year saw a drop of 13 percent to £696 million. The building... Read More
Victoria Gate in Leeds, one of the major regeneration projects by the UK’s property development and investment firm, Hammerson, opened to the public last week. The new retail and leisure complex has already filled 90% of all its units, and some of the major tenants include John Lewis, Nespresso, Le Pain Quotidien, Neom Organics, T2,... Read More
It has been announced that Australia’s luxury lingerie retailer, Honey Birdette, are set to open a shop at Victoria Gate, a £165 million shopping centre development in Leeds, which will be completed at the end of October 2016. Honey Birdette has signed up to take a 53 m2 retail unit at the new leisure complex. This is the second store... Read More
London, a central hub for UK businesses means the price for workspace is significantly higher than the rest of the country. As a result, a start-up business may end up relocating outside of London. ContainerVille, located in Shoreditch is an “affordable start-up hub", which was made available to the public in the summer of 2014. What... Read More
Standing at 830 metres tall, the Burj Khalifa skyscraper, located in Dubai, is the tallest structure in the world. The construction work started in 2004 and was completed in 2009. The premises opened in 2010 and is now home for apartments and leisure establishments including a hotel and bars. Due to the height of the building, a buttressed... Read More
The Fernsehturm is a television tower in central Berlin, Germany. The Fernsehturm was built between 1965 and 1969, with the intension to become a symbol of Berlin. Today it is visible throughout central Berlin and some of the city’s suburban districts. It is officially the tallest structure in the country, measuring at 368 metres, and... Read More
MOVEHUT news is designed to provide the latest news from the commercial property sector. Our content is divided into categories including, Commercial Sales and Lets, Commercial Developments, Worldwide Property News, Industry News and Business News.
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