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.
After 18 months of planning the Dutch budget retailer HEMA — which already has 660 outlets across Europe — has opened its first two stores in the UK, with a promise of a third before the end of the summer. Placed somewhere between Ikea and the now defunct Woolworth, Britain’s first HEMA store opened its doors last month in... Read More
The issue of business rates remains one of the most contentious in the retail industry, with claims that the commercial property levy was a key reason for soaring shop vacancy rates during the recession. However, under a new proposal by Derby City Council, large retailers such as Tesco, Asda and Sainsbury’s could find themselves subject to... Read More
Manchester City Council has asked for a meeting with the new owners of One Piccadilly to discuss the future of the controversial Piccadilly Wall. The landmark is part of the £75m sale of the block of offices and restaurants at the Portland Street end of Piccadilly Gardens, presently being finalised between current owners Europa... Read More
In recent months a wealth of statistics has been used to demonstrate improving conditions on the high street. The fact that much of this evidence appears contradictory only adds to the feeling that the retail recovery remains subject to sharp turns and sudden changes in consumer confidence. The latest figures come from the Office for... Read More
As shopping centre redevelopments continue to grow throughout the UK, local developers and construction firms are increasingly becoming more able to reap the rewards of multi million pound projects. This has been the case for Yorkshire based Caddick Construction, which has this week been awarded the contract for the revamp of Leeds’ The... Read More
Chinese interest in the New Zealand property market been described as “unprecedented”by a real estate agency. Ray White Real Estate’s commercial arm says that over the past 12 months, over 50 per cent of its Auckland business has been generated from Chinese investors. According to managing director, Bruce Whillans, commercial... Read More
Detroit, which is now making positive steps towards economic recovery following last year’s bankruptcy, is being urged to court Chinese investment to bring jobs and prosperity to the city. The call comes from former US Treasury Secretary Henry Paulson, who this week addressed a meeting of Michigan business leaders. He told them... Read More
More than 600 investors and developers have voiced an interest in buying South Africa’s Formula One Kyalami racetrack. The 2.6 mile circuit is being sold at auction with a court imposed reserve of £11m. Johannesburg’s High Court ordered the sale of the track — which last hosted a Grand Prix in 1993 — after the collapse of its... Read More
Spain is set to overtake Ireland as the destination of choice for investors who are prepared to take a risk on the market, according to a report released by international property advisers Cushman & Wakefield (C&W). It estimates that European banks and asset managers are planning to either sell or restructure €584 billion of... Read More
Workington councillors have been urged to give the go-ahead to plans for a £9 million leisure centre in the town – despite objections from a colleague and a number of local businesses. If approved, the new centre will be constructed in The Cloffocks ward of Workington, which is already home to a number of leisure facilities such as... Read More
Real estate transaction volumes in the Asia-Pacific region are likely to take a dramatic jump in the latter half of the year, according to analysts at Jones Lang LaSalle (JLL). Volumes were up 38 per cent Q2 this year, on a quarterly basis, although this is still flat compared to last year’s figures. JLL analysts have forecast that the... Read More
Campaigners fighting to save a historic Manchester hospital have been awarded more than three-quarters of a million pounds to stabilise the 140-year-old building before its conversion to an enterprise hub. The Heritage Lottery Fund (HLF) award will allow the Ancoats Dispensary Trust to carry out vital structural work on the Grade II... Read More
Canary Wharf Group has unveiled a new brand and vision which, the company says, reflects its “exciting evolution” as a diversified developer. Going forward, the Group will place a greater emphasis on residential and retail schemes, both within the Canary Wharf Estate and elsewhere in London. However, the company will continue with... Read More
As prices in the London commercial property market in London continue to soar, investors are increasingly turning to the leading regional markets. One of the prime locations is Manchester, with investment managers at Schroders now actively seeking opportunities within the North West’s largest city following the recent acquisition of... Read More
Four years after it stopped sending food waste to land fill sites, Sainsbury’s has become the first retailer in the country to power one of its stores with green electricity. Like the rest of the supermarkets in its chain, the Sainsbury’s store at Cannock donates all out-of-date food suitable for human consumption to local... Read More
Coopers Square shopping centre in Burton-on-Trent is to benefit from an expansion which will create four additional retail units. The extension will see a new block erected on the centre’s existing car park, just off the town’s busy Station Street. Bosses at the centre have confirmed that a number of retailers have already... Read More
British Land and Oxford Properties have announced that specialist pensions insurer Rothesay Life has signed an agreement to take level 25 of The Leadenhall Building. Level 25 of the City of London tower, also known as The Cheesegrater, provides over 13,500 sq ft of space which has been taken on a 10 year lease with a break option after... Read More
A town’s pledge to create at least 70,000 new jobs by 2031 looks set to be delivered ahead of time — with half that number expected to be filled within the next seven years. At the crossroads of Britain’s road and rail network, Northampton was recently recognised as one of the UK’s top business locations by Santander Corporate... Read More
The Frenchgate Limited Partnership – owners of Doncaster’s Frenchgate Shopping Centre– have implemented a three stage “performance plan” designed to strengthen the tenant mix at the 800,000 sq ft South Yorkshire centre. The first stage of the £10m plan, which is now underway, has seen specialist jewellery brand Pandora take... Read More
One of the country’s leading property marketing specialists looks set for expansion following a management buyout. Jules Shale is now the sole owner of Manchester-based 90degrees, a design and marketing company which specialises in the commercial property market. Government-backed finance for the takeover was arranged by... Read More
Commercial premises in the world’s first garden city have been promised a £2m makeover by the charity which owns them. The two-year improvement programme was announced by Letchworth Garden City Heritage Foundation as part of the organisation’s annual investment update. It comes just weeks after the charity — which owns property... Read More
The National Asset Management Agency (NAMA) is planning to sell off at least 80 per cent of its “senior debt” by the end of 2016, two year’s ahead of a deadline set by the Irish government. After its busiest sales quarter for three months, the agency — which is now one of the world's largest property groups — is accelerating... Read More
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