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Commercial Property News Posts

The sign showing direction to the airport and Miami Beach (Florida).

CBRE Global Investors Fund acquires Miami Airport Office Park

Posted on October 25, 2014 1:00 pm by Jodee Redmond under Commercial Sales, Worldwide Property News

An affiliate of CBRE Global Investors, Strategic Partners U.S., has bought Airport Corporate Center from Hines REIT. The 45-acre, 11 building office park changed hands for a reported sum of $132.3 million. Vance Maddocks, Strategic Partners U.S. president, stated recently that the company was attracted to Miami by the city’s growth... Read More


CEE Commercial Property Investment Soars

Posted on October 25, 2014 10:00 am by Jodee Redmond under Worldwide Property News

Commercial property investment in Central and Eastern Europe (excluding Russia) has increased by 11 per cent year-on-year, according to a recently-released report from CBRE. The Polish market is performing well, with €1,781 million invested in the nine-month period to the end of September 2014, but the limited supply of prime assets... Read More

surveyor with measuring instrument inside building-site

West Midlands Surveyors report Sharp Rise in Commercial Construction

Posted on October 24, 2014 2:00 pm by Kirsten Kennedy under Commercial Developments

Although the pace of manufacturing output has slowed slightly in the West Midlands, the region is benefitting from the sharp rise in UK construction activity, with the local workload reaching levels not seen since 1994. According to the RICS UK Q3 Construction Market Survey, the past quarter saw a steep rise in residential and... Read More

Video camera viewfinder - recording in TV studio - Talking To The Camera

Show goes on as Granada HQ becomes Entertainment Hotel

Posted on October 24, 2014 1:30 pm by Cliff Goodwin under Commercial Developments

The new owner of Granada Television’s Manchester headquarters has hinted entertainment will remain a part of its regeneration plans for the historic studio. Allied London — the developer behind the city’s Spinningfields business and retail quarter — acquired the studio site in a £26.5m joint venture deal with the city council.... Read More

Shopping time, closeup of teenage girl legs with shopping bags at shopping mall

Community Shopping Centre Specialist Ellandi acquires Bootle Strand

Posted on October 24, 2014 12:05 pm by Kirsten Kennedy under Commercial Sales

London based investment and asset manager, Ellandi, has acquired The Strand Shopping Centre in Bootle for an undisclosed sum. The community shopping centre specialist has assumed ownership of 356,700 sq ft of retail space with tenants including Marks & Spencer, Tesco, Boots and New Look. Centre manager Rob Clarke believes... Read More

Scottish-Property-Tax-shake-up-could-slow-Construction-and-deter-Investment-experts warn

Scottish Property Tax shake-up could slow Construction and deter Investment experts warn

Posted on October 24, 2014 10:30 am by Cliff Goodwin under Industry News

Scotland’s big property tax shake-up could slow construction and deter commercial investment, experts have warned. From next April the Land and Building Transaction Tax (LBTT) is replacing the current UK system of Stamp Duty Land Tax (SDLT) levied on the purchase or lease of all Scottish property. Announcement by finance... Read More


Canary Wharf Group and Societe Generale agree 1 Bank Street Deal

Posted on October 24, 2014 10:00 am by Neil Bird under Industry News

Multinational banking and financial services company Societe Generale is to lease 280,000 sq ft in a new 700,000 sq ft Canary Wharf office building. Canary Wharf Group and Societe Generale have agreed a pre let for the ground to seventh floors of  26-storey 1 Bank Street which is currently under construction. The 25 year lease,... Read More

Waitrose Boss claims Supermarket Estates are “20 Years out of Date”

Posted on October 24, 2014 9:15 am by Kirsten Kennedy under Business News

With the majority of retail reports in the past year showing the Big Four supermarkets losing further ground to discounters some have begun to question the future of the big box format. Supermarkets have responded to this with high-profile marketing campaigns or dropping prices to rock bottom levels, but Waitrose boss Mark Price... Read More

The Ghosts of Children

Posted on October 24, 2014 8:45 am by Kirsten Kennedy under Wacky News

Many will know Knypersley Reservoir, near the town of Biddulph in Staffordshire, as a popular place to walk the dog and get some exercise, but many won’t know of its paranormal past and haunting present. Firstly, there are several hotspots for hauntings around the reservoir, one being Gawtons Stone and Gawtons Well, where a servant... Read More

Debenhams plans Estate Expansion despite Profit Plunge

Posted on October 23, 2014 3:02 pm by Kirsten Kennedy under Business News

Debenhams chief executive Michael Sharp remains optimistic despite the retailer’s disappointing annual sales results. In the year to the 30th of August, Britain’s second largest department store recorded a profits plunge of 24.8 per cent, with pre-tax profits amounting to £87.2 million. However, like for like sales did manage to... Read More

HS2 bosses cite Sheffield Gateway’s impact on Rateable Values

Posted on October 23, 2014 1:30 pm by Cliff Goodwin under Business News, Commercial Developments

Seven years after the completion of a £25m upgrade to Sheffield railway station the value of commercial property in the area has increased by two-thirds and almost 3,000 new jobs have been created. The figures were revealed during a parliamentary committee hearing which was told that at least £74m of traditional investment would have... Read More

Uncertain Future for Hotel with First World War History

Posted on October 23, 2014 12:30 pm by Cliff Goodwin under Commercial Sales

A neglected Suffolk hotel — once the home of a pioneering Royal Navy seaplane unit — has been sold for more than £400,000. Abandoned and vandalised for more than two decades the North Sea Hotel on Felixstowe’s Sea Road was recently branded “a scab on our seafront” by the town’s mayor, Graham Newman. For more than a year... Read More

Business Rates Bounty could fund ‘Northern Powerhouse’ Proposal

Posted on October 23, 2014 10:39 am by Kirsten Kennedy under Business News

Chancellor George Osborne is rumoured to be considering a business rates reform which would see local authorities in cities such as Manchester, Liverpool and Leeds keep a greater proportion of revenue raised for use in local enterprise projects. Following the Scottish independence referendum campaign, during which Scotland was promised... Read More

3D plan drawing

Landmark Development planned for Former Yorkshire Post Site

Posted on October 23, 2014 9:00 am by Cliff Goodwin under Commercial Developments

Three landmark office blocks are among plans being considered for the former site of one of Britain’s oldest daily newspapers. In February, 2012, it was announced that printing of The Yorkshire Post and Yorkshire Evening Post would be switched from the papers’ Wellington Street, Leeds, plant to a new base at Dinnington near... Read More

Foggy night castle with a horseman riding

Staffordshire’s Creepy Castles

Posted on October 23, 2014 8:30 am by Kirsten Kennedy under Wacky News

Those with a little experience in the field of the supernatural will know that castles tend to attract more than their fair share of ghosts, and Tamworth Castle is no different in this respect. The 800 year old medieval building has seen centuries of horror and hauntings, and this is reflected in the reportedly dozens of resident ghosts... Read More

Painting on wall 3d render. Nice bright clear illustration.

Home Retail Group announces Homebase Closures

Posted on October 22, 2014 2:16 pm by Kirsten Kennedy under Business News

Home Retail Group has made the decision to implement a programme of store closures in its Homebase chain. A review of the chain’s store portfolio earlier this year found that a number of the 323 outlets currently operating in the UK are “unprofitable or are in decline”, meaning that urgent action is needed to ensure group profits... Read More


Silverstone to manage North East Car Dealership Expansion

Posted on October 22, 2014 1:00 pm by Cliff Goodwin under Business News, Commercial Developments

A North-East car dealership has kept its expansion plans local by commissioning Newcastle-based Silverstone Building Consultancy to oversee a series of construction projects. The four-showroom Pulman Group — which has two sites in Durham and two in Sunderland — recently unveiled an ongoing investment programme that includes a major... Read More

Compass on the map of Republic of Ireland

Lloyds names Shortlisted Bidders for £1.5bn Irish Portfolio

Posted on October 22, 2014 12:30 pm by Cliff Goodwin under Commercial Sales

Lloyds Bank has confirmed it is considering three final bidders for a €2bn (£1.5b) Irish commercial buy-to-let portfolio it is selling. The three global contenders are Californian-based Oaktree Capital Management, investment bank Goldman Sachs working with CarVal, and Kildare Partners. The Project Parasol portfolio — which has 50... Read More


Retail footfall hit by unseasonable September

Posted on October 22, 2014 10:30 am by Kirsten Kennedy under Business News, Economy

Unseasonably warm weather has taken its toll on retailers, with the milder than expected temperatures putting something of a dampener on the launch of autumn and winter collections, and adversely affecting footfall levels throughout the country. Overall, retail destinations in the UK suffered from a 0.9 per cent dip in footfall levels... Read More

Relaxed Couple in Bed, hotel room

Glasgow enjoys Games Hotel boost while Edinburgh gets an Urban Villa

Posted on October 22, 2014 10:00 am by Kirsten Kennedy under Business News, Commercial Developments

The Commonwealth Games gave Glasgow the opportunity to showcase true Scottish hospitality, with a number of different areas of business benefiting hugely from the influx of guests to the city. One of the major beneficiaries of the Games was the hotel sector due to the rising demand for beds during the event. During July, the sector... Read More


A Nantwich Nightmare

Posted on October 22, 2014 8:30 am by Kirsten Kennedy under Wacky News

As a town known for having a pivotal role in the English Civil War, one could expect Nantwich to appear in a number of “most haunted” lists. Therefore, paranormal enthusiasts will not be disappointed by a visit to this market town as it is not only the annual Battle of Nantwich re-enactments which give a haunting tribute to the area’s... Read More


Whitbread sets sights on expansion following strong First Half Sales

Posted on October 21, 2014 2:16 pm by Kirsten Kennedy under Business News

Whitbread has slowly transformed itself into one of the leisure sector’s strongest competitors. In part, this is due to its commitment to investing in its subsidiary chains, with consumer demand for both Costa Coffee and Premier Inn pushing up the group’s first half sales in, what is becoming, an increasingly familiar story. At... Read More

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