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Commercial Property News Posts

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Improving Market Fundamentals will bring Further Growth in 2015

Posted on October 31, 2014 1:00 pm by Jodee Redmond under Industry News

The commercial real estate industry will continue to grow next year across most property types and markets, according to Deloitte. The company has prepared a report outlining its 2015 outlook where it states that access to capital will be another strong driver in the commercial market. US REITs Expanding Internationally Bob... Read More


Manchester Office Tower given Green Light despite Conservation Concerns

Posted on October 31, 2014 10:03 am by Cliff Goodwin under Commercial Developments

A scheme that will see a former bank headquarters replaced with a state-of-the-art commercial tower has been approved by Manchester planners. The go-ahead for the 17-storey block on the city’s Mount Street was granted despite concerns its height would have a “detrimental” impact on nearby historic buildings. Developer... Read More


Demand spurs release of latest Pacific Quay Development Land

Posted on October 31, 2014 9:00 am by Cliff Goodwin under Commercial Developments, Commercial Sales

Scottish Enterprise has rolled out its latest 10-acre commercial development plan for Glasgow’s landmark Pacific Quay. Triggered by an increase in enquiries from developers and investors, the latest land release — within the 128-acre Pacific Quay site beside the River Clyde — comes with a mixed package of planning... Read More


Tamworth Centurion Park Expansion Approved

Posted on October 31, 2014 8:30 am by Kirsten Kennedy under Commercial Developments

As property values throughout the country begin to edge towards pre-recession levels, local authorities are keen to approve developments which could boost local economies. This has seen North Warwick Borough Council give the green light to an extension of the Centurion Park scheme close to Tamworth. The existing units at Centurion... Read More

asian businesswoman sitting and thinking in office, looking tired.

Stress and the City: The Priory to open Fenchurch Street Clinic

Posted on October 30, 2014 1:58 pm by Neil Bird under Business News

The Priory, best known as the celebrity rehab centre of choice, is to open a clinic in the heart of the City as the number of working days lost to stress related illnesses soars. The new Fenchurch Street facility, which will open its doors before the end of the year, will treat clients with a range of mental health problems associated... Read More


Amazon agrees temporary Warrington Lease as search for Northern Hub continues

Posted on October 30, 2014 1:00 pm by Cliff Goodwin under Top Properties

Frustrated by its search for a new northern logistics hub, Amazon has taken a temporary lease on a Warrington warehouse. The global online seller has been searching for a 12 million sq ft site for more than two years and is known to have examined and rejected at least a dozen locations. Among the areas it has looked at and rejected are... Read More

Man holding wooden gavel in the hand

London Alleyway sells for over £250,000 at Auction

Posted on October 30, 2014 10:30 am by Neil Bird under Commercial Sales

A Battersea alleyway has sold for over a quarter of a million pounds as the London property market continues to flourish. The alleyway, between a coffee shop and a charity shop, was sold at auction this week where it had a guide price of £55,000. Savills Auctions described the alleyway as having potential, as it is close to local... Read More

South West heading for Record Year as Capital flows back into the Regions

Posted on October 30, 2014 10:00 am by Cliff Goodwin under Commercial Sales

Commercial property investment in the West Country looks set to hit a new record as global fund managers continue to look beyond the traditional markets, a new survey c. Third quarter figures for the South West — revealed in Lambert Smith Hampton’s (LSH) UK Investment Transactions report — shows that just under £1bn  has been... Read More

Heathrow claims growing Public Support for Third Runway

Posted on October 30, 2014 9:15 am by Kirsten Kennedy under Business News

As the Airport Commission continues to deliberate on the best option for the future of Britain’s airport capacity, Heathrow claims that public support for an additional runway is growing. According to Heathrow’s holding company, which also operates airports in Southampton, Glasgow and Aberdeen, a new runway would allow the UK’s... Read More

Leeds Enterprise Zone attracts burst of Development Activity

Posted on October 30, 2014 8:45 am by Cliff Goodwin under Commercial Developments

Hundreds of new jobs are in the pipeline as Leeds’ landmark urban enterprise zone witnesses the start of four major industrial projects — with three more awaiting consent. Work is already underway on two separate projects for Wilton Developments, expected to produce 80,000 sq ft of employment space between them. The two new units... Read More

Redevelopment Plans revealed for Burgess Hill Shopping Centre

Posted on October 29, 2014 1:52 pm by Kirsten Kennedy under Commercial Developments

Developer New River Retail hopes to bring a multiplex cinema, numerous retail and restaurant outlets and several residential units to Burgess Hill in Sussex through a mixed-use complex partly on the site of the existing Martlets shopping centre. New River Retail first acquired The Martlets in 2010, and since then has put forward a... Read More

Former Stock Aitkin Waterman Studio is a Hit with Law Firm

Posted on October 29, 2014 12:13 pm by Cliff Goodwin under Top Properties

An historic chapel once used by hit making trio Stock Aitken Waterman (SAW) is to become the headquarters of a newly demergered Manchester law firm. Pannone Corporate — formed earlier this year following the £33m sale of Pannone’s private client business and some of its commercial teams to Australian legal group Slater &... Read More

British Land and Next agree four Separate Deals

Posted on October 29, 2014 11:01 am by Kirsten Kennedy under Industry News

Since overtaking key rival Marks & Spencer in terms of both market share and annual sales, high street fashion retailer Next has been keen to continue building momentum in order to remain at the top of the chain. This has seen it engage in a programme of new store openings and existing store expansions, with British Land this week... Read More

Zombie Rising. A hand rising from the ground!

Zombie Protection Upgrade Recommended

Posted on October 29, 2014 9:54 am by admin under Wacky News

In light of recent events around the world, including the GR458 vaccine outbreak in Belgium, many businesses are now at risk from Sub-Human or ‘Zombie’ related damages to their property and employees. A new upgrade is being offered by many of the top business insurers in the UK, but many remain sceptical as to whether they actually... Read More


Pickles dismisses “Tesco Tax” Proposals

Posted on October 29, 2014 9:30 am by Kirsten Kennedy under Business News

Twenty councils from around the UK have backed a proposal to introduce a “Tesco Tax”. Led by Derby city council, the local authorities have called on the government to impose a tax on large retailers which would see businesses such as Tesco, Sainsbury’s and B&Q forced to pay an additional levy  to local... Read More

Doctor Discussing Records With Senior Female Patient

Assura tightens hold on Healthcare Sector

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

Britain’s biggest healthcare property owner and developer has added a new asset to its 230-site portfolio with the £12.3m purchase of Middlesbrough’s One Life Building. Originally developed by a group of local general practitioners under the company name of Park Medical Services, the 35,000 sq ft office block and medical complex... Read More


Lloyds Bank confirms 150 Branch Closures

Posted on October 28, 2014 1:06 pm by Kirsten Kennedy under Business News

Lloyds Bank has confirmed that it will close a net 150 branches over the next three years. Although the high street banking chain has not yet revealed which branches are due to close it has revealed that the first wave will occur primarily in urban centres. However, this does not mean customers in rural areas will have their local... Read More

Gulf-Related-and-Al-Tayer-Group-announce-deal-to-take-Macys-and Bloomingdales-to-Abu-Dhabi

Gulf Related and Al Tayer Group announce deal to take Macy’s and Bloomingdales to Abu Dhabi

Posted on October 28, 2014 12:16 pm by Neil Bird under Top Properties, Worldwide Property News

Gulf Related – a joint venture between Gulf Capital and Related Companies – and Al Tayer Group, has announced details of a landmark agreement that will see leading US department stores Macy’s and Bloomingdales open branches in a £621 million Abu Dhabi shopping centre which is currently under construction. Macy’s and... Read More


Unibail-Rodamco to showcase latest Shopping Centre Developments at MAPIC 2014

Posted on October 28, 2014 10:05 am by Neil Bird under Industry News, Top Properties

Europe’s largest listed commercial property company, Unibail-Rodamco, is to showcase its latest development schemes at MAPIC 2014. The company, which has assets valued at €33.6 billion, will be exhibiting on two stands at the annual international retail property event which takes place in Cannes (19-21 November... Read More

Loading dock cargo doors at big warehouse

Investment Rivals fuelling North West Warehouse Boom

Posted on October 28, 2014 8:45 am by Cliff Goodwin under Commercial Developments

Developers are preparing a rash of speculative “Big Hut” schemes across the North West with some experts predicting as much one-million square feet being unveiled before Christmas. The latest warehouse and logistics boom — at half-a-dozen sites across Greater Manchester and Cheshire — is being credited to a sharp rise in... Read More


West Midlands Property Investment Volumes approach Record Levels

Posted on October 27, 2014 1:51 pm by Kirsten Kennedy under Commercial Sales, Industry News

Following last week’s news that commercial construction in the West Midlands has hit a 20 year high, property professionals are now predicting that the region is on course for a record year of commercial investment. According to a new report by property consultancy Lambert Smith Hampton (LSH), the third quarter saw investment in the... Read More

Closeup of hands counting taxes using calculator

Profit Warnings hit Highest Level since 2008

Posted on October 27, 2014 12:57 pm by Kirsten Kennedy under Business News, Economy

During the initial period of the recovery which followed the recession, it was easy to imagine that the problems facing businesses were all but eliminated. Unfortunately, the latest data from consultancy firm EY demonstrates that this is entirely false as profit warnings have now reached their highest level since 2008. According to the... Read More

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