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.
The South African Competition Commission has approved the £335m sale of the Tiber Group’s management business and real estate portfolio to Growthpoint Properties. The 27-property portfolio spans more than 320,000sq metres of prime office space, mainly in the Sandton area of Johannesburg. It is home to several multi-national head... Read More
Last year, The Jockey Club made history by launching the first retail bond in British sport and raised almost £25 million to financially aid Cheltenham Racecourse’s grandstand development. Along with £20 million secured through a combination of bank financing, commercial deals, the Group’s trading cash flow and a Levy Board... Read More
Growing business confidence has had a beneficial effect upon the country’s unemployment statistics, which have fallen steeply from the peak figures recorded in the aftermath of the recession. The latest research from Markit showed that this drive for recruitment reached record levels in February, with private sector firms taking on... Read More
Commercial Property owners stand to lose hundreds of millions of pounds because of an imminent change in the tax law. The rules on capital allowances will change in April, and tax specialists say this will lead to a fall in property valuations. Property owners are currently able to claim tax relief on their spending on plant machinery... Read More
Northern Ireland businesses being held back by pre-recession property loans could be helped by a new rescue fund, a senior banker has suggested. Hundreds of small and medium-sized companies across the province took out property loans during the boom only to find the ongoing repayments are still weakening their core business. Now Kevin... Read More
The Co-operative Group food arm has announced that it is planning to increase its property estate from 2,800 to 4,000 shops by adding around 150 convenience stores a year. Steve Murrells, the group's retail chief executive, told Retail Week that the business also plans to remodel around 1,000 shops in 2014. The Group has admitted... Read More
The weather may not be perfect — windy, cold and above average rainfall — but the Dutch city of Eindhoven is fast becoming Europe’s ideal location for high-tech start-ups. Okay, in a recent Financial Times survey of European cities of the future it came third after London and Helsinki, but for its size Eindhoven has more... Read More
The real estate market in the U.S. provides an insight into the health of that country's economy and, according to Lawrence Yun the chief economist for the National Association of Realtors, the fundamentals are on an upward curve. Growth is continuing at a moderate pace but from a low starting point. Consequently, despite job growth,... Read More
Investor competition is being blamed for a 50 per cent rise in supermarket property deals last year. Between them the big five food retailers set a new record by clinching £1.8bn in land and building transactions. A report by property consultants and investment databank, Colliers International, shows that the volume of property traded... Read More
Since the advent of online shopping, retail destinations have had to evaluate their place in the retail industry and take steps to make themselves more appealing to consumers. The majority of shoppers now seek a lot more from their local shopping centre, and so leisure aspects have become increasingly important in the shopping... Read More
Newcastle is to get its first start-up hub devoted exclusively to high-tech businesses — and which will rely on worldwide crowdfunding to keep it running. The project is being launched by Ignite, one of Europe’s top accelerator programmes for early-stage start-ups, which is investing £30,000 to renovate and upgrade offices in... Read More
Birmingham City Council has announced that it has put the NEC Group up for sale. The asset has an annual income of £2 billion per year and supports around 29,000 jobs within the city. Birmingham City Council leader Sir Albert Bore The sale will help to clear the council’s £1.1 billion deficit in its ongoing equal pay settlements... Read More
The UK’s commercial property market has seen huge improvements recently, with growth in demand for a wide range of properties including office, industrial and retail. However, much of the recovery has been centred around London and the South East, with the Crossrail project and a hugely improved business climate encouraging a high level of... Read More
Low disposable income and the rising cost of living has pushed consumers to the brink in recent years, with figures from the Joseph Rowntree Foundation revealing that around 3 in 5 families lived in poverty for at least one year during the recession. However, the latest statistics from the British Retail Consortium (BRC) and Nielsen’s shop... Read More
Returns from investments in Scottish commercial property continued to improve in Q4 of 2013. Total returns in the market increased to 3.3 per cent over the period, compared with 2.3 per cent in Q3, according to the latest figures contained in the Scotland Property Quarterly report from CBRE. Total returns came in at 7.3 per cent for... Read More
Coffee shop chains have become major features of high streets, shopping centres and motorway service stations in the UK, with brands such as Costa Coffee and Starbucks continually raising profits even while other retail businesses failed during the recession. Yet the boom in sales has extended beyond the traditional powerhouses of the sector,... Read More
As the North-East economy continues to strengthen, the region’s industrial and distribution companies are edging ever closer to a property crisis, one chartered surveyor has warned. The demand for so-called big sheds across the region is so high, says Keith Stewart, a director at Naylors Chartered Surveyors, that there will be a... Read More
Dubai has hinted that its post-crisis real estate strategy will include more focused attempts to attract industrial and commercial investors while keeping a tighter rein on the rental market. According to a department of finance report — The Global Financial Crisis: Lessons Learned — the Dubai government will focus its property... Read More
Fund managers Schroder has still not said what it intends to do with a south-west London film and television studio it acquired in a £35m off-market deal from property investment company Helical Bar. Originally built in the 1970s as British Telecom warehouse, the Silverthorne Road property was converted to a broadcasting centre by a... Read More
Commercial property in London continues to be in high demand and residential property prices are hitting record levels. It should come as no surprise, therefore, to learn of the sale of a former underground station to an overseas buyer with plans to convert it into luxury flats. The station in question is Brompton Road which has been... Read More
Beijing-based Reignwood Properties has been named as the company behind the £92m acquisition of a City of London office block. Although contracts were exchanged last month the identity of the owner of the Corn Exchange at 55 Mark Lane has only just been made public. Reignwood has bought the office building from CS Euroreal, Credit Suisse... Read More
The issue of business rates has proven controversial in recent months, with bodies such as the British Retail Consortium (BRC) repeatedly pushing for the government to find a solution which works best for small businesses. However, while the government has promised to look into the matter, experts were concerned that their solution would be... Read More
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