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 retail sector takes another hit this week as convenience chain, My Local, has entered administration, with 1,200 jobs at risk. There have already been 90 stores closed, with a further three to be shut imminently, which will leave just 32 stores left. Administrators, KPMG, will now find buyers for the remaining stores and 458... Read More
The Brexit has caused mass panic across the UK economy, with many experts fearing the worst in major sectors. However, the leisure sector is being seen in a different light, with predictions of increased interest as time moves on. Colliers International’s Hotels Director, Peter Brunt, said that the prospect of favourable exchange... Read More
Just days after the controversial UK exit from the EU, a number of experts have said that demand for UK commercial property will weaken. Experts, including JLL UK’s chief executive officer, Chris Ireland, have said that activity levels are expected to dampen while the exit terms are negotiated. He comments: “The impact on... Read More
The UK high street has received a positive shot of adrenaline as health food retailer, Holland & Barrett, has managed to surpass its £100m profits, showing the brand’s continued growth. Across the 694 UK stores and 99 international franchises, sales increased by 155 to £424.7m in the year to September 2015. While pre-tax profits... Read More
An office building in Birmingham city centre is set to receive a £2.5m overhaul, in order to meet growing demand for smaller floorplates. Occupying the corner plot of Temple Row and Bull Street on the route of the Midland Metro extension, No. 4 Temple Row is receiving major investment for refurbishment from Nurton Developments through... Read More
Retail property firm, Hammerson plc, has officially completed the disposal of Thurrock Shopping Park in Essex for £93 million to TH Real Estate. The park has a net internal area of 25,500 metre squared and comprises two retail schemes, which includes tenants such as M&S, Pets at Home, Boots and Dunelm. Hammerson acquired the... Read More
New research from Lambert Smith Hampton has revealed the gap between London and regional office costs has reached record highs, which is set to push occupiers out of the capital. The firm’s ‘Total Office Cost Survey (TOCS) 2016’ found the main cause for the situation is London’s traditional office districts and emerging... Read More
Despite online shopping dominating the retail market, the majority of shoppers still favour town centres, new research has revealed. The survey of 2,000 UK shoppers, conducted by Bracknell Regeneration Partnership, 50:50 joint venture partnership between Legal & General Capital and Schroder UK Real Estate fund, together with Bracknell... Read More
Steinhoff, the South African retailer has confirmed it is looking at making an offer for Poundland. In accordance with UK takeover rules, Steinhoff need to confirm its bid by 13 July. Harvey’s, the UK furniture chain is owned by Steinhoff and produces the majority of their products in developing countries to be sold throughout... Read More
New controversial plans proposed by the government include the requirements for firms to submit quarterly tax updates rather than the annual tax return. This could see an increase in effort, time and costs of operating businesses, especially for SMBs and those who are self-employed. Another Proposal According to the government’s... Read More
When many of us think of Amazon products, electronics, clothing and games come to mind. However, it was recently announced that the online retailer is to test a new service, Amazon Fresh, which could revolutionise our weekly grocery shop. But is there a gap in this already competitive market? The new service, which is only available in... Read More
Owner of Midlands based 2 Sisters Food Group, Ranjit Boparan, is set to add another notch to his menu with the acquisition of the Giraffe restaurant chain from Tesco for an undisclosed sum. Set to take place via Boparan Restaurant Holdings, a subsidiary of the main Boparan Holdings Group, the sale will add to the group’s already... Read More
It’s been revealed by CBRE’s latest Monthly Index that commercial property rental and capital values in May remained steady across the UK, despite “a great period of uncertainty.” Commercial rental values grew by 0.1%, while capital values continued the growth trend seen at the start of 2016 with a 0.2% increase. According... Read More
We have now hit the halfway mark of 2016. A lot has happened in the commercial property market in the last 6 months, such as the Budget introducing a substantial change to Stamp Duty Land Tax and business rates. All of this has and will have an impact on the major sectors in some capacity. So in this first of a new feature, we collate the... Read More
Plans for a £1bn expansion of MediaCityUK has been announced by Peel Land & Property and Legal & General, which are to be submitted to Salford Council. The new scheme is for ten buildings totalling 2.3 million sq ft and will comprise 540,000 sq ft of offices, retail and leisure space, as well as 1,800 apartments, mixed use markets,... Read More
Two thirds of businesses are feeling the lack of skilled workers, combined with constant changes to tax and regulatory requirements, is adding substantial pressure to owners, according to the Enterprise Index from Smith & Williamson. Over the next 12 months, 74% of businesses are planning for growth and head of business tax at the... Read More
British summertime is officially upon us. The nation prepares itself for plausible weather conditions and complaints about how it is too plausible. Nights remain lighter and the general vibe gets ever more positive. It’s also a great time to find the perfect place for your business. If you are looking to relocate or are currently in... Read More
The latest PMI survey from Markit has revealed that manufacturing in the UK stayed at an underwhelming rate in May, only increasing slightly above the neutral mark at 50.1. Production volumes during this period remained fairly unchanged on the previous survey and despite an increase in new business, the level of new export business... Read More
We are now in an era where technology is essential for many businesses. The advancement in technology has seen an increase in cyber-attacks, resulting in a detrimental effect for companies. In a recent report, the Insurance Times confirms that 60% of UK SMBs have experienced a breach in their online security, with the average costing... Read More
High street retail has taken another hit, as this week saw administrators announce that menswear clothing brand, Austin Reed, is set to close all 120 of its stores, putting 1,000 jobs at risk. The 116-year-old retailer is set to wind-down as there were a lack of viable offers received for the business, according to... Read More
New figures from Hammerson’s Retail Tracker, HART, have revealed that technology sales across UK shopping centres had an overall 0.4% uplift in sales in April. It outperformed BRC’s latest figures which saw like-for-like sales down -0.9% for the month. It was found that the ‘Sound, Picture & Technology’ was up by 27.7% and... Read More
Small businesses looking for a loan could find themselves using unscrupulous new lenders that have huge interest rates, resulting in difficult repayments and the remainder of the loan becoming a difficult task. In the last two years, 40 new lenders that were looking to access its nationwide salesforce of brokers advising SME’s on... Read More
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