News


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.


Commercial Property News Posts


New Opportunities for Investors as TfL unlocks Property Estate

Posted on January 29, 2015 2:03 pm by Kirsten Kennedy under Commercial Sales

A new initiative launching next week by Transport for London (TfL) will offer investors and developers the opportunity to battle it out for prime commercial space. TfL has announced that it will be placing 50 tube stops, bus stations and other properties on the market, in a bid to raise up to £3.4 billion for investment into transport... Read More


Tesco issues Store Closure Hit List

Posted on January 29, 2015 12:33 pm by Cliff Goodwin under Business News

Tesco's new chief executive, Dave Lewis, has named the 43 stores he is closing as the first phase of his campaign to turn the struggling supermarket around. It's expected at least 2,000 staff will lose their jobs. Already dubbed "Drastic" Dave Lewis by the media, he confirmed Tesco would shut 43 unprofitable shops and scrap plans for a... Read More

Listed Status awarded to 14 Post-War Office Buildings

Posted on January 29, 2015 11:06 am by Kirsten Kennedy under Top Properties

In a move likely to dismay as many as it pleases, 14 office buildings designed in the post-war era have been awarded Grade II listed status. The announcement was made yesterday, following an 18 month project by English Heritage, and includes office properties from towns and cities throughout England. Experts began with a list of hundreds... Read More

Student Accommodation planned for Birmingham Industrial Estate

Posted on January 29, 2015 9:00 am by admin under Commercial Developments

It has been reported that a former industrial estate in Selly Oak is to undergo a £10.75 million redevelopment, which will deliver brand new student accommodation. The project, which is scheduled to be opened by September 2015, was negotiated by North West based Construction Partnership UK (CPUK) and will consist of six two and three storey... Read More

Green Light given for Two Major Stockport Developments

Posted on January 29, 2015 8:45 am by Kirsten Kennedy under Commercial Developments

As regional areas around the UK continue to benefit from the upturn in the economic recovery, local authorities are keen to capitalise on developer interest as a means of driving growth in their local economies. This has seen Stockport Council grant planning permission for two major developments expected to create numerous jobs within the... Read More


Malaysian Property Group adds to London Portfolio

Posted on January 29, 2015 8:30 am by Cliff Goodwin under Commercial Sales

Malaysia’s lifestyle property development group, Eastern & Oriental Bhd (E&O), has made its third foray into the London property market with the purchase of two offices buildings for £57m Three years ago it paid Glasgow City Council £20.25m for Princes House. The Scottish authority made the central London sale as administrator... Read More


KWB seals Landmark Worcester Office Letting

Posted on January 28, 2015 4:06 pm by Cliff Goodwin under Industry News

Specialist commercial agent KWB has completed what it claims is "the largest transaction for offices in Worcestershire for over a decade". Acting for M&G Real Estate, one of the world's largest property investors, the Birmingham-based consultancy has let all 31,821 sq ft at 3 Kings Court in Worcester to a single government... Read More

Waitrose Expansion to create 2000 Jobs

Posted on January 28, 2015 1:45 pm by Kirsten Kennedy under Business News

The John Lewis Partnership seems virtually untouchable in the new era of retailing, with both its self-titled department store chain and Waitrose supermarket subsidiary proving consistently popular with consumers. In fact, executives have this week announced plans to expand the latter on a grand scale, creating up to 2000 new UK jobs in the... Read More

Construction Industry set for Five Years of Growth

Posted on January 28, 2015 12:05 pm by Kirsten Kennedy under Business News, Economy

A new report from the Construction Industry Training Board (CITB) predicts average annual industry growth of 2.9 per cent until 2019. As a result, the next five years will see construction firms grow exponentially, with the CITB forecasting the creation of 224,000 jobs during the period. As around 2.6 million workers are currently employed... Read More

Minister hints at more Asset Sales to Keep MoD “Fighting Fit”

Posted on January 28, 2015 11:16 am by Cliff Goodwin under Commercial Sales

Less than six week after the sale of the historic Old War Office, the Ministry of Defence (MoD) has admitted it will need to sell off more property and land if it is to keep pace with Government savings. Although the department's finances are "in a better shape than they were", Defence Secretary Michael Fallon is expected to tell an... Read More


Songbird concedes defeat in Battle for Canary Wharf

Posted on January 28, 2015 10:17 am by Neil Bird under Business News

Songbird Estates has conceded defeat in its battle to hold on to Canary Wharf, and reluctantly recommended that shareholders accept the offer from Canadian property investor Brookfield and Qatar’s sovereign wealth fund QIA. Today’s recommendation comes only two weeks after Songbird told shareholders to reject the £2.6 billion... Read More

Pubs to be offered Greater Protection under New Law

Posted on January 28, 2015 9:05 am by Kirsten Kennedy under Business News

Despite the fact that consumers are now spending more than at any point since the financial crisis, the local pub remains under threat, with many of those forced to close in the past year being turned into convenience stores or discount units. However, a new pledge by the government offers the traditional pub a little more protection from... Read More

British Land reports Strong Occupational Performance and Development Progress

Posted on January 27, 2015 4:16 pm by Neil Bird under Business News

British Land has today (27th January) published its Q3 2014/15 trading statement, showing another good performance from the company. In the period to 31st December 2014, British Land completed 269,000 sq ft of retail lettings and renewals and 168,000 sq ft of office lettings and renewals. A further 116,000 sq ft of office space is... Read More

Bruntwood acquires key Birmingham Asset in ‘Standout Year’

Posted on January 27, 2015 2:26 pm by admin under Commercial Sales

Property investor and developer Bruntwood, has purchased the former head office of KPMG, for an amount rumoured to be around £10 million. The acquisition of 2 Cornwall Street was mentioned in Bruntwood's 2014 annual results, which boasts an impressive 56 per cent increase in profits with £19.3 million being made. It is also reported that... Read More

Silverstone to oversee Morpeth Co-op Store Construction

Posted on January 27, 2015 1:25 pm by Cliff Goodwin under Commercial Developments

A consortium of Northumberland businessmen has hired Newcastle-based Silverstone Building Consultancy to project manage the construction of a new convenience store within the county. Work on the 4,000 sq ft retail unit at Pegswood, near Morpeth, has already started with the project pre-let to the Co-op Group. The food retailer... Read More

Opus North set for Record Year with £80m Development Pipeline

Posted on January 27, 2015 9:49 am by Cliff Goodwin under Commercial Developments

One of Yorkshire's most active property companies has revealed that it has more than £80m worth of office, retail and industrial projects across the north of England and Wales in its development pipeline. After an "excellent" 2014, Ilkley-based Opus North predicts it is heading for a record breaking year with multi-million pound schemes... Read More


Coventry City Council to place “outdated” Shopping Centre on the Market

Posted on January 27, 2015 9:30 am by Kirsten Kennedy under Commercial Sales

As councils nationwide continue to cut costs as a means of patching lowered budgets, developers are increasingly able to capitalise upon a growing supply of commercial assets appearing on the market. In Coventry, the city council has now confirmed that it will seek a bidder for the Riley Square shopping centre in Bell Green following a review... Read More


Foyles confirmed as latest Retail Tenant for Birmingham Grand Central

Posted on January 27, 2015 9:14 am by Kirsten Kennedy under Top Properties

Space within the upcoming Grand Central Birmingham shopping centre is quickly filling up, with the development expected to bring a significant boost to the city centre when it opens later this year. The latest retailer to bag a unit is Foyles, with the Birmingham outlet to be only the second outside of London for the famous... Read More

British Land’s Broadgate fully let following WeWork deal

Posted on January 26, 2015 3:22 pm by Neil Bird under Top Properties

The office element of British Land’s Broadgate estate is fully let following a lease agreement with global collaborative workspace providers WeWork. WeWork is taking a 15 year lease on the bottom four floors and the ninth floor at 199 Bishopsgate, with a standalone entrance at street level. In total they will occupy 62,000 sq ft of... Read More

Property Portfolio could be Most Valuable Asset in BHS Sale

Posted on January 26, 2015 1:32 pm by Kirsten Kennedy under Business News

As international investment in the UK continues to grow, many retail groups are seizing upon the opportunity to offload loss making brands as a means of improving the overall performance of their assets. This is the case for the Arcadia group, which has this week announced that it will sell its BHS retail chain after boss Sir Philip Green... Read More

Lend Lease wins £75m Hammersmith Office Contract

Posted on January 26, 2015 11:45 am by Cliff Goodwin under Commercial Developments

Australian construction company Lend Lease has outbid a trio of competitors to secure a £75m west London office contract for Legal & General Property (L&G). The 350,000 sq ft mixed-use development on Hammersmith Road is the third multi-million contract for one of the UK's largest institutional property fund managers. Lend Lease... Read More

Russells secures second deal with Motel One

Posted on January 26, 2015 11:06 am by Jodee Redmond under Commercial Developments

Russells Construction has secured a second deal with Motel One in Manchester to build a £17m hotel in Cross Street. The signing of the new contract follows the successful completion of a Motel One in the Piccadilly area of the city. The work on the seven-storey, 298-bedroom hotel is expected to start in March of this year. The hotel... Read More


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