Welcome to MOVEHUT News. Here you will find the latest commercial property news. We cover anything from recent administrations to new developments in your area. We list our commercial property news in easy to find sections to help you find the articles that you want to read. You can filter our articles by categories, recent post, archives, tags, and authors.
Increasing investment in UK commercial property is expected to push prices higher throughout 2014. London will continue to be the focus of interest, particularly in the case of overseas investors, but the regional markets will also benefit as investors look beyond the capital in search of higher yields. The forecast comes from a number... Read More
Discount shops proved to be one of the few success stories on the high street during the recession, frequently taking-up properties vacated by struggling retailers. This trend has continued with names such as Aldi, Lidl and Poundland all increasing their market share as consumers seek to reduce their shopping bills. However, somewhat... Read More
A Cheshire town has secured £1.7m of European funding to allow it to go-ahead with a new business “incubator” hub — capable of housing as many as 100 fledgling enterprises — as part of a multi-million town centre redevelopment. Warrington Borough Council has already lined up £8.5m for the commercial start-up complex, which... Read More
There was a sharp rise in investment in Swedish commercial property during Q1 of 2014, according to Savills, with the latest figures showing a 55 per cent increase on the same period last year. The international real estate advisor has also recorded a large increase in year-on-year transactions completed. Just over 100 deals were... Read More
Two of Leeds’ biggest office buildings are getting multi-million pound makeovers in a bid to transform the city’s “ugly duckling business district into a 21st century player”. The projects will also ease Yorkshire’s dire shortage of high-quality office space. Work has already started on the £2.8m upgrade of the city’s... Read More
After disappointing figures from the retail industry in March, many were hoping that the late timing of Easter would allow the high street to rebound in April. However, new data from retail data company Springboard indicates that, despite the sunny weather and plethora of promotions offered by retailers, consumers failed to turn out in great... Read More
Development Securities has acquired The Mall Shopping Centre in Armagh, Northern Ireland for £7.4 million. The Mall was first built in 1998, and since then has grown in prestige with the result that it now generates a net operating income of £748,000 per annum. Around 65 per cent of this income currently comes from the anchor, a 49,000... Read More
Nuneaton and Bedworth Council has become one of the first local authorities in the country to launch a pioneering property business. Profits raised from the venture will go toward funding council services. Nuneaton Town Hall: The council believes the new property business will generate a sustainable long-term income Established as... Read More
Belfast’s Obel tower — the tallest building in Ireland — has been sold for more than £20m. Part of a mixed-use development, it is thought that as many as 15 individuals and institutions had posted bids for the Donegall Quay site. The exact sale price is not being released, nor is the name of the new owner, but it is known there... Read More
As we reported yesterday, commercial property market activity in Yorkshire is growing as investors seek opportunities in the regions. Transactions so far this year in Yorkshire and Humberside are already showing signs of outstripping the entire 2013 total, according to Jones Lang LaSalle (JLL). But while rental deals and investments... Read More
More and more global investors are turning their attention to just four Canadian cities, prompting fears of a new commercial property bubble, claims a five-year forecast. The brokerage firm Jones Lang LaSalle (JLL) says that rising demand from global investors for commercial properties such as offices, shopping malls and factories in... Read More
As consumers continue to remain wary of excessive spending after four long years of recession, retailers are having to pull out all the stops in order to attract a higher level of footfall as a means of lifting sales. This has seen many unique concepts launched across the UK. The latest comes from sportswear brand Adidas which hopes that the... Read More
In 2012 property consultants GVA came up with a scheme to keep the 5,000 people who work in the Bristol offices it manages happy by introducing street food markets to the city’s business and financial quarter. But what started as a once-a-month trial has proved so popular the company has expanded the markets to regular Thursday... Read More
High net worth overseas investors have spent close to £1 billion buying commercial property in the Yorkshire area over the last couple of years, as the upturn in the market filters out from London to the regions. During the past decade, overseas investment accounted for only 12 per cent of total investment in the Yorkshire commercial... Read More
Dublin is among six cities pressing the Irish government to extend its proposed Living City tax relief scheme to include offices as well as retail properties and private homes. Described as a “pilot project for urban regeneration”, the initiative was unveiled last year as part of Ireland’s 2013 Finance Bill. Under the scheme the... Read More
Canada’s fastest growing commercial property service provider has bought one of its UK-based competitors for an undisclosed sum. The acquisition by Avison Young will also see the opening of its first office outside North America. Seen as another milestone in the firm's growth and expansion strategy, Canadian company has for months... Read More
Six years after it was approved by planners work has finally started on a £400m Black Country business and office corridor scheme. Developers claim the Walsall town centre project could eventually create as many as 3,200 new jobs. Based on the town’s Littleton Street and Blue Lane areas, the Gigaport project will see construction... Read More
North American commercial insurance buyers will probably see a modest improvement in market conditions over the remaining months of 2014. This is attributed to a softening in the property insurance line, as well as an easing of the upward pressure on several other lines of business, according to the results of the semi-annual Marketplace... Read More
Small business creation boomed during the recession, as uncertainties over job security prompted many to take the plunge and establish control over their futures. This attitude has continued after the end of the recession and has led to a sharp increase in the number of family run businesses in the UK – something which, according to new... Read More
As the global economy continues to strengthen, businesses and investors are taking notice of overseas opportunities which could prove to be extremely profitable. This has led to a boom in business travel which, paired with an increase in international tourism, has led many countries to seriously consider upgrading their airport... Read More
Nexus — which owns and runs Tyneside’s Metro system — is preparing a £300m bid for Government cash to help it kick-start a 20-year expansion and upgrade programme. It’s expected the project will cost at least £1bn to complete. As well as adding a number of towns and villages to the network, a key strategy of the massive... Read More
With the Bank Holiday upon us, it is generally assumed that consumers will be eagerly stocking up on Easter eggs, toy rabbits and wicker baskets in a bid to celebrate the first big holiday of the year. However, a new survey released by Conlumino and Web Loyalty indicates that this may not necessarily be the case this year. Although... Read More
MOVEHUT commercial property news is designed to give you the reader, the latest breaking news in the commercial property market. We welcome comments and opinions on our news articles which can be added at the bottom of any article.
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