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Commercial Property News Posts


Trans-Atlantic Investment key to securing Scottish Jobs

Posted on October 2, 2014 8:45 am by Cliff Goodwin under Business News, Economy

A United States services company has become the latest global business to safeguard vital Scottish jobs. According the country’s economic development agency a total of 5,833 jobs were created or safeguarded during the first six months of this year. The Scottish Enterprise figures were released this week by First Minister Alex Salmond... Read More


BAM sells Glasgow CONNECT110NS to Deutsche AWM

Posted on October 1, 2014 1:00 pm by Cliff Goodwin under Commercial Sales

BAM Properties — which claims to be the first developer to return to Glasgow after the recession — has sold its CONNECT11ONS office block in the city for £70m. In a statement, issued from BAM’s Bunnik, Netherlands, headquarters, the company confirmed the sale of the commercial development in the heart of Glasgow’s business and... Read More


Birmingham NIA to become Barclaycard Arena following Facelift

Posted on October 1, 2014 12:30 pm by Kirsten Kennedy under Top Properties

The National Indoor Arena is one of Birmingham’s major attractions for businesses and industry bodies to hold events and conferences, so the news that it will reopen in December following a £26 million facelift has been resoundingly welcomed. However, along with the arena’s new look will come a name change, with the venue to be known... Read More

close-up of a mens hand refilling the car with a gas pump

Motoring Organisations welcome Supermarket Petrol Price Cuts but PRA warns of Forecourt Closures

Posted on October 1, 2014 12:01 pm by Kirsten Kennedy under Business News

The supermarket price war continues to escalate with even discounters such as Aldi pledging to lower prices as a means of winning consumers to their brand. However, three members of the Big Four have identified an area in which discounters cannot compete, and hope to gain an edge by utilising this fact. Tesco, Sainsbury’s and Asda... Read More


Grant kickstarts Sci-Tech Daresbury Expansion

Posted on October 1, 2014 10:00 am by Cliff Goodwin under Commercial Developments

A Cheshire high-tech campus is using a £3.5 Government grant to build almost a quarter-of-a-million square feet of new offices and laboratories and create hundreds of additional jobs. Sci-Tech Daresbury, a science and innovation park which already houses one of the UK’s most powerful super computers, recently purchased 12-acres of... Read More

Water treatment tank with waste water with aeration process

Industrial Park planned for derelict Yorkshire Water Works site

Posted on October 1, 2014 9:00 am by Cliff Goodwin under Commercial Developments

Regeneration plans for a former water treatment site could create as many as 1,000 new jobs, the company behind the 57-acre scheme has claimed. Keyland Developments — the property trading arm of Kelda Group and a sister-company of Yorkshire Water — is about to submit a planning application to Kirklees Council to transform the... Read More


Warm Weather hits Sales at Next

Posted on September 30, 2014 2:12 pm by Kirsten Kennedy under Business News

Although clothing retailer Next has managed to forge ahead of key rival Marks & Spencer for the first time in history, its most recent sales report has failed to live up to expectations. The unseasonably warm weather during September has seen consumers react indifferently to its autumn/winter collection, leaving executives at the... Read More

British Land announces £40m Drake Circus Leisure Scheme

Posted on September 30, 2014 1:37 pm by Neil Bird under Commercial Developments

British Land has revealed details of an agreement with Plymouth City Council to complete a £40m leisure development adjacent to its Drake Circus Shopping Centre. The 100,000 sq ft scheme, on the site of the current coach station, will include a 12 screen cinema, 13 restaurants and a 450 space car park. The development is intended... Read More

Allianz Moves into Irish Property Market

Posted on September 30, 2014 1:00 pm by Cliff Goodwin under Business News

As confidence in the Irish property market continues to grow the German insurance giant Allianz has confirmed it is investing €140m (£109m) in Irish investment vehicle IPUT. In the Munich-based firm’s first venture into the Irish commercial sector, Allianz chief investment officer, Charles Pridgeon, said there were now... Read More

Norway Leaps into Top Ranks of Foreign U.S. Commercial R.E. Buyers – Second Only to Canada

Posted on September 30, 2014 11:57 am by Jodee Redmond under Industry News

Norwegian commercial real estate investors have joined the ranks of foreign U.S. commercial real estate buyers in the wake of its sovereign fund making acquisitions from New York to San Francisco. According to research firm Real Capital Analytics Inc. and statements from the wealth fund, the country has spent more than $3.2 billion on United... Read More

Property Professionals Commit to MIPIM UK

Posted on September 30, 2014 11:07 am by Cliff Goodwin under Industry News

More than 3,000 property professionals hoping to corner or close deals will gather in London next month for the first MIPIM event to be held in the UK. The three-day inaugural exhibition — modelled on the international MIPIM conference held annually at Cannes in the south of France — is being staged at London’s Olympia opening on... Read More

RBS and NatWest introduce Business Accelerator Hubs

Posted on September 30, 2014 9:00 am by Kirsten Kennedy under Business News

In the aftermath of the recession, high street banks were widely criticised for failing to provide adequate levels of financing to SMEs, causing many to look elsewhere for business loans. However, under a new initiative launched by RBS and NatWest, start-ups and small firms are being offered opportunities over and above the ability to secure... Read More

Former Pizza Express Owner snaps up Restaurant Chain

Posted on September 29, 2014 1:53 pm by Kirsten Kennedy under Business News

When Hugh Osmond, along with entrepreneur Luke Johnson, purchased the Pizza Express chain in 1993 for £18 million, he ushered in an era which would see the Italian restaurant brand float on the stock market and expand its commercial property portfolio to 367 restaurants. Now it has emerged that another Italian chain is to benefit from his... Read More

Construction workers going to work wearing helmets

North East Developer aims to expand beyond Heartland

Posted on September 29, 2014 12:30 pm by Cliff Goodwin under Business News

A County Durham developer is setting its sights on expansion after seeing its profits rise from £600,000 to more than three-million pounds. The Esh Group — which employs 1,100 staff across its offices in Durham City, Carlisle, Kendal and Earlston in Scotland — also reported a 10 per cent increase in its turnover to £192.5m. Its... Read More


Aldi joins Supermarket Price War amid Expansion Plans

Posted on September 29, 2014 11:48 am by Kirsten Kennedy under Business News

The supermarket price war has been underway for some time as the Big Four attempt to protect their share of the market. However, in an interesting turn of events, it seems that the discounters are now stepping up the challenge with Aldi revealing it will respond to price cuts elsewhere in the sector by introducing its own set of discounts –... Read More


Another Tenant confirmed at Four World Trade Center

Posted on September 29, 2014 11:02 am by Jodee Redmond under Worldwide Property News

Morningstar Inc. is preparing to move its New York City office to 4 World Trade Center. The company has signed a 10-year, 30,000 sq ft lease and will move to its new office space on the 48th floor in mid-2015, according to Silverstein Properties. Company chairman and CEO Joe Mansueto stated recently that his firm had conducted an... Read More

Manual forklift pallet stacker truck equipment at food warehouse

B&M seeks Leaseback Deal for ‘serious’ Merseyside Warehouse

Posted on September 29, 2014 9:00 am by Cliff Goodwin under Commercial Sales

One of Britain’s fastest growing cut price retailers is hoping to put together a sale and leaseback deal on its Merseyside Qube distribution centre. B&M Bargains — which is asking £36.5m for its 500,000 sq ft Estuary Commerce Park warehouse — completed a similar deal three years ago when it off loaded its neighbouring south... Read More


Selangor restricts Foreign Property Investment

Posted on September 28, 2014 11:00 am by Jodee Redmond under Worldwide Property News

Developers and property agents have been taken by surprise by a new set of guidelines governing property purchases by foreign individuals, foreign companies, and permanent residents in the Malaysian state of Selangor. The guidelines impose restrictions on foreigners buying commercial property below a set price. Some property developers... Read More


Joint Venture Partnership acquires Grade II Listed Birmingham Office Building

Posted on September 27, 2014 1:00 pm by Kirsten Kennedy under Commercial Sales

Birmingham office space is in demand at the moment, with Grade A supply forecast to hit an 11 year low. This makes the recent acquisition of 57-63 Church Street by a development duo a potentially profitable investment while the city waits for additional stock to come onto the market. Worcester based Blue Marble Properties and... Read More

Switching off the light

National Grid confirms Power switch-off Deals

Posted on September 27, 2014 10:00 am by Kirsten Kennedy under Business News

The National Grid has awarded contracts to 431 commercial sites throughout the UK, whereby the grid operator will pay businesses to switch off their electricity for several hours on week days between November and February. A total of 12 companies have signed up to the Demand Side Balancing Reserve (DSBR) initiative, including... Read More


BPF expresses concern over Office to Resi proposals

Posted on September 26, 2014 2:12 pm by Neil Bird under Industry News

The British Property Federation (BPF) has broadly backed the extension of permitted development rights, allowing office to residential conversions without the need to seek planning permission. However, while giving its support to proposals to extend the scheme beyond its initial three year period - which comes to an end in 2016 - the... Read More

Fork Lift Truck Operator Talking To Manager In Warehouse

Second Developer joins Merseyside Logistics Race

Posted on September 26, 2014 1:05 pm by Cliff Goodwin under Commercial Developments

Niche real estate and distribution specialists, B8 Real Estate (B8RE), has been appointed sole agent for what it describes as the biggest speculative industrial development on Merseyside for years. Developer New Capital Knowsley will start work next month on its Venus 110 project, a 110,000sq ft distribution facility at the entrance to... Read More

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