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.
Loss rates for US banks are at the lowest levels in the past six years on commercial real estate and construction loans, which means they are looking to increase lending activity in the sector. According to data from financial information specialists Sageworks, net charge-offs for commercial real estate loans were 0.16 per cent of... Read More
Rockspring Property Investment Managers have placed the Eastgate Shopping Centre in Gloucester on the market. Rockspring is currently in the process of offloading seven of its shopping malls around the country, in a process that could raise £275 million for future investment opportunities. Although “no decision has yet been taken on... Read More
Marks & Spencer, once one of the key players on the high street, has had a difficult time of late, with a lack of consumer enthusiasm for new clothing lines and increased competition causing the 130 year old retailer to fall behind key rival Next for the first time in history. However, this has not proved to be a deterrent when it comes... Read More
Europe had been slow to get on board with real estate investment trusts (REITs), but that has changed with a record surge in fundraising which has provided a lift to the commercial property market. In the first eight months of 2014, 10 REITs in Spain, Ireland, the United Kingdom and other countries have raised US $4.2 billion, which is... Read More
Industrial property in the Australian market delivered returns of 12.1 per cent over the year ended June 30 2014. This exceeds the returns from retail and office property, which generated returns of 9.8 and 9.0 per cent, respectively. The strong showing is the result of demand for distribution and warehousing generated by increases in... Read More
Peel Leisure — the Manchester-based subsidiary of the Peel Group — has completed a re-branding of its hotel division aimed at creating a “one-stop shop” for investment in the sector. Based at its parent company’s Trafford Centre offices, Tower Hotel Management (THM) currently operates seven hotels under various international... Read More
Two Yorkshire retail schemes are benefiting from the upturn in occupier demand which has accompanied the economic recovery. Specialist retail park fund Hercules Unit Trust (HUT), which is advised by British Land, has today announced that its Parkgate Shopping scheme in Rotherham is now fully let following the arrival of Wilko and... Read More
Yesterday’s rejection of independence by Scottish voters is likely to trigger a surge in commercial development and investment, some experts are claiming. Last week, it emerged that property investors were inserting “exit clauses”into deals in case the country voted for independence. Developer Land Securities was considering... Read More
Shopping centres throughout the UK are now beginning to recognise the beneficial effect a strong and diverse offering and have begun to invest in their leisure offering. This has seen the Capitol Shopping Centre in Cardiff launch preparatory works for the re-opening of its cinema, which has stood empty for more than 10 years. Moorfield... Read More
London Mayor Boris Johnson has vowed to fight proposals to extend the scheme which makes it easier for commercial landlords to convert office space to residential accommodation. The planning reform was introduced last year to tackle the housing crisis, but critics have always maintained that it would result in a damaging loss of... Read More
The surge in subsidised and free start-up desk space has forced one of Manchester’s pioneering tech community companies to pull out of the city after just two years. In what it describes as a “mutual decision” TechHub — which offers workspace for technology and software entrepreneurs — has closed its Manchester venue. The... Read More
An ‘extremely active and exciting’ six months boosted the value of Canary Wharf Group’s property portfolio by 8.4 per cent, interim results published today reveal. During the first half of the year (ending 30 June 2014) the value of the portfolio rose to just under £6.3 billion, including land and adjusted to take into account... Read More
The North-East’s biggest property investment and development company has started the next phase of the multi-million refurbishment of its Tyne Tunnel Trading Estate. So far UK Land Estates — which owns more 1,300 units across 40 regional industrial and commercial complexes — has invested almost £2.5m to upgrade 12 of the smaller... Read More
In what is being seen as the most outspoken criticism of the business rates system so far, more than 100 of the country’s biggest companies have condemned the tax as a “critical problem” to recovery and future investment. Demanding that all the major political parties commit to reforming the current system as part of their... Read More
As the high street recovery continues to gather pace, many retailers who struggled during the recession are finding their fortunes are slowly beginning to change. One such retailer is JD Sports which, following a much stronger than expected first half, has managed to more than double year on year profits and break its own personal... Read More
The upturn in the regional property markets is continuing with one Midlands company reporting a staggering 238 per cent surge in profits and a Yorkshire investment firm seeing a rise in the value of its portfolio. In a six-month return which saw it raise £20m in equity, Birmingham-based Real Estate Investors (REI) reported a profit of... Read More
Just weeks after opening of its 250th premises 99p Stores — the penny-cheaper rival to Poundland — has now set its sights on expanding its presence in the Midlands and the north of England. Launched in 2001 from a single store in London’s Holloway, the family-run budget retailer says its aim is to open at least another 150... Read More
Despite a small drop in the past quarter, business confidence remains well above levels seen during the recession allowing firms to invest in growth and employment. This has seen the jobless figure fall further in the three months to July, reaching a six year low and lending hope to the long term unemployed. During the past quarter,... Read More
Shopping centre development projects rose sharply in the direct aftermath of the recession, although this has dropped somewhat in 2014 due to the continuing economic restraints experienced by commercial property owners. However, according to new information released by Cushman & Wakefield’s UK Shopping Centre Development Report, this... Read More
A building and office services firm — which has delivered more than 5,000 contracts in its 100-year history — has been rescued from a million-pound loss by the upturn in the property market. The John N Dunn Group, which has its head office at Wallsend in North Tyneside, last year posted a £1.03m loss. Its latest accounts, to the... Read More
As consumer confidence returns, retailers are more able to capitalise upon an increase in revenue by investing improvements to their properties. This has seen bakery chain Greggs add healthy eating options to its menu, as well as installing seating in a large number of its premises as a means of attracting lunchtime diners. In part,... Read More
DTZ Receivers has announced the sale of its second multi-million pound portfolio of distressed properties in less than a week. Yesterday we reported the real estate adviser has ordered the off-loading of a triple-asset portfolio that included two Scottish sites — the Radisson Blu Hotel on Edinburgh’s Royal Mile and The Quay Leisure Park... Read More
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