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.
In association with the UK Warehousing Association (UKWA), a report by Savills has showed that the current total volume of existing warehouse space in the UK is 424 million sq ft, with a nationwide vacancy rate of 7.5%. It also looks into warehousing stock in the UK and highlights the critical lack of supply and development in the... Read More
Land Securities has announced that global executive search and talent advisory firm, Egon Zehnder, has found a location for its UK head office, taking 24,000 sq ft at Nova, Victoria, making it the second office letting 10 months ahead of completion. Egon Zehnder will take floors 14 and 15 at Nova South on a 15 year lease, which is to... Read More
Union Investment has given Cushman & Wakefield instructions to commercialise Warsaw’s Zebra Tower. The modern office building is located in the city’s centre, and a full 5,500 square feet of space will be opened up in mid-2016. Zebra Tower is a well-known and recognisable office building in Warsaw. Its design is perfectly... Read More
HB Reavis Group has published its results for the first six months to June 2015 based on its semi-annual financial statements, which reveal it has more than doubled its consolidated net profit to €100 million during this period. The main reason for its substantial improvement is increased development activity in the markets with... Read More
Ryden — the biggest independent commercial property consultants in the north of Britain — is moving its headquarters to Edinburgh’s burgeoning business district. The award winning agency, which has five offices across Scotland and northern England, has agreed a deal to lease 6,264 sq ft on the ground floor of The Exchange. The... Read More
LondonMetric Property Plc has announced today the disposal of two of its retail parks, Westcroft in Milton Keynes for £27.2 million and Mountbatten in Southampton for £16.2 million, to large UK institutional investors, reflecting a blended net initial yield of 5.7%. Westcroft Retail Park has 77,000 sq ft of space and was purchased... Read More
Despite an increase in the amount of farmland being sold so far this year, there are warnings that recent price rises are now starting to level off. In its latest rural land report, estate and letting agents Savills claims that yearly returns to the end of September show the average value of all types of farmland across Great Britain... Read More
Student accommodation is changing the face of Cardiff’s property landscape with its impact being felt in both the commercial and residential sectors, says a specialist in the field. With thousands of square feet of secondary office space being converted into student accommodation, Caroline Jones (pictured), of property consultancy... Read More
With the latest round of property valuations for business rates purposes underway, businesses are being urged to take care filling in the forms if they want to avoid incurring unnecessary costs. The Valuations Office Agency (VOA) began issuing questionnaires –Forms of Return – to businesses across England and Wales earlier this... Read More
With seven of the world’s ten Formula One teams based in Britain — pumping £10bn each year into the economy — the UK’s motorsport industry has survived the recession relatively unscathed. More than 4,000 smaller commercial and manufacturing companies owe their existence to the sport, accounting for nearly 41,000 jobs. All of... Read More
Sterling Property Ventures and funding partner Long Harbour have unveiled their £100m joint venture development for Birmingham’s Great Charles Place. View of Great Charles Place from St Chad’s Queensway The two-acre site — adjacent to Snow Hill railway station and bounded by Ludgate Hill and Lionel and Livery Streets — is a... Read More
Hay-on-Wye’s 194-year-old Swan Hotel — which has welcomed such guests as Tony Curtis, Seamus Heaney and Alan Alda — has been acquired by Swan@Hay Limited for an undisclosed sum. The sale of the 19-room hotel, which will now undergo a £1.2m refurbishment, was handled by specialist agency Colliers International. Swan@Hay, whose... Read More
The automotive property sector is seeing strong levels of occupier interest coupled with buoyant investment activity, according to research conducted by Knight Frank. The research reveals that there has been an unprecedented level of occupier activity in the fuel and service area sub-sectors during 2015, along with the largest ever... Read More
A report released today highlights why firms in the commercial real estate sector need to speed up investment in technology innovation in order to manage their businesses and assets efficiently. Research conducted by Altus Group - a leading provider of commercial real estate services, software and data solutions - and subsidiary... Read More
In an initiative jointly pioneered with the Considerate Constructors Scheme (CCS), Canary Wharf Contractors' Southbank Place development has been awarded 'Ultra Site' status. Southbank Place is a 1.4 million sq ft mixed-use development at the Shell Centre site on London's South Bank. The central location poses many challenges as the... Read More
Rockspring Property Investment Managers and joint venture partner Générale Continentale Investissements (CGI) have completed the sale of Eden Monceau, a 6,400 sq m (69,000 sq ft) prime central Paris office complex, to REAL I.S. The sale follows the recent letting of the entire building to international law firm Shearman & Sterling LLP... Read More
Secure Income REIT has today released its interim results for the first six months of the year, announcing its intention to pay distributions from autumn 2016, following the implementation of new financing arrangements. The specialist long term income REIT put the new financing arrangements, totalling £903 million, in place after 30... Read More
UK focused specialist property real estate investment trust (REIT) Capital & Regional has announced a proposal for a secondary listing on the Johannesburg Stock Exchange (JSE). The proposal, which has now been granted approval, was first hinted at in the company’s interim results released last month and Capital & Regional is... Read More
Rockspring Property Investment Managers has acquired Fairhill Shopping Centre for £45.6m. It is the trust’s fourteenth UK acquisition and its first asset in Northern Ireland. Purchased on behalf of Rockspring’s UK Value 2 LP fund, the 295,000 sq ft retail complex is located north of Ballymena town centre, and 28 miles from... Read More
UK commercial and residential real estate investor and developer, Sunnyday Capital, has announced the acquisition of the long leasehold interest of 94-98 Broadmead and 44-58 Union Street, Bristol for £5.65 million from a private overseas investor, reflecting a net initial yield of 10.80%, Situated in a prime retail position in Bristol... Read More
Valad Europe— one of the continent’s biggest real estate investment managers — has sold three assets from the Dutch Omikron Portfolio for €11.5m (£8.4m). It was appointed to manage and maximise the portfolio earlier this year. Two of the assets are office buildings: Professor E.M. Meijerslaan 5, in Amstelveen a suburb of... Read More
Legal & General has signed a joint venture deal with Cardiff-based developer, Rightacres, to deliver the £400m Central Square masterplan scheme. It’s hoped the 12-acre regeneration project will create at least 10,000 jobs. One of Wales's prime development sites — located immediately to the north of Cardiff's central train... 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.
The recent post section lists articles in date and time order, so if you are looking for the most recent commercial property news, please check this section. Alternatively, if you are searching for past commercial property articles please visit the archives section. Here you will find all our previously published articles, dating back to January 2011.
To find articles using particular keywords, you may find it easier to use the tag cloud. Here you can click on a particular word to find articles related to that subject.
We welcome comments and opinions on our news articles which can be added at the bottom of any post. If you would like to find out more about the writers of MOVEHUT News please visit the contributors’ page where you can view their profiles.