Welcome to MOVEHUT News. Here you will find the latest news from the commercial property sector. We list our commercial property news in easy to find sections to help you find the articles you want to read. You can filter our articles by categories, recent post, archives and tags.
More than £400 million worth of property will be offload by Hammerson as the company looks to generate more capital for their construction on two massive new shopping centers in London. The developments planned will located in Croydon, which the company is working together with Westfield and Brent Cross. Hammerson owns the Bullring... Read More
Foreign property investments by Chinese companies have come to a complete halt, with a drop of 84% in January 2017, as China capital controllers look to re-establish the flow of foreign buys. Chinese regulators have imposed a series of restrictions on outbound property investments in the past six months, in order to control capital outflow... Read More
It has been announced the Co-op Bank has been put up for sale today, and is now looking to sell all its shares. It’s not the first time the well-known high street bank has been in trouble recently. The Co-op Bank almost collapsed in 2013, however, managed to stay afloat with U.S hedge fund bailout. The Co-op Bank currently has... Read More
New business rates, coming into effect from April 2017, are to have dramatic impacts on businesses of all sizes and types across the UK. Business rates, also known as non-domestic rates are taxes that are chargeable on all different types of commercial properties across the UK, from retail and industrial properties to... Read More
The Abraj Kudai, set to be completed in 2017, will become the largest hotel in the world with 10,000 rooms to made available to the public. The building will be located two kilometers away from the site of Mecca, which attracts 2 million Muslims for the annual Islamic pilgrimage. The $3.5 billion development project will span... Read More
It has been announced that Poundland will start selling Pep & Co Clothing Range across 10 Poundland stores across the UK. The Poindland shops that will implement the concession are: Wembley, Woolwich, Hanley, Southampton, Kings Heath, Rhyl, Dudley, Slough, Gillingham and Ilkeston. Pep & Co is a UK fashion retailer based in Watford,... Read More
Announced by Hammerson Plc, Gourmet Burger Kitchen has become the latest addition to open at Leicester’s Highcross Shopping Centre, located in Highcross St Peter’s Square. The restaurant plans to open in the summer 2017. Gourmet Burger Kitchen, also known as GBK, is a burger restaurant chain established in 2001 in London. The chain... Read More
It has been reported that Nationwide will close its commercial property lending business as the UK’s biggest building society sees a fall in profit. Compared to its profits of £802 million in the six-month period to the end of September last year, the same period this year saw a drop of 13 percent to £696 million. The building... Read More
Victoria Gate in Leeds, one of the major regeneration projects by the UK’s property development and investment firm, Hammerson, opened to the public last week. The new retail and leisure complex has already filled 90% of all its units, and some of the major tenants include John Lewis, Nespresso, Le Pain Quotidien, Neom Organics, T2,... Read More
It has been announced that Australia’s luxury lingerie retailer, Honey Birdette, are set to open a shop at Victoria Gate, a £165 million shopping centre development in Leeds, which will be completed at the end of October 2016. Honey Birdette has signed up to take a 53 m2 retail unit at the new leisure complex. This is the second store... Read More
London, a central hub for UK businesses means the price for workspace is significantly higher than the rest of the country. As a result, a start-up business may end up relocating outside of London. ContainerVille, located in Shoreditch is an “affordable start-up hub", which was made available to the public in the summer of 2014. What... Read More
Standing at 830 metres tall, the Burj Khalifa skyscraper, located in Dubai, is the tallest structure in the world. The construction work started in 2004 and was completed in 2009. The premises opened in 2010 and is now home for apartments and leisure establishments including a hotel and bars. Due to the height of the building, a buttressed... Read More
The Fernsehturm is a television tower in central Berlin, Germany. The Fernsehturm was built between 1965 and 1969, with the intension to become a symbol of Berlin. Today it is visible throughout central Berlin and some of the city’s suburban districts. It is officially the tallest structure in the country, measuring at 368 metres, and... Read More
The UK’s property development and investment company, Hammerson, has announced the arrivals of two new major international retailers at Cabot Circus Shopping Centre in Bristol, COS and Monki. Both retailers are independent fashion brands under the H & M Group. COS, a brand established in 2007 that offers modern wardrobe essentials... Read More
In the UK, if a property is listed, it will be on the Statutory List of Buildings of Special Architectural or Historic Interest. A listed building cannot be demolished, extended or altered without special permission from the local planning authority. It should be noted that anything can be listed, meaning it does not necessary have to... Read More
According to Dacorum Borough Council, there has been a significant decline in the number of empty shops in Hemel Hempstead town centre including Riverside, Marlowes pedestrianised area and Shopping Centre. With the town’s ongoing £30 million regeneration plan of the main shopping area, and Capital & Regional Real Estate Investment... Read More
It has been announced by Hammerson that a Thai cuisine chain, Thaikhun and Italian pizza restaurant, Franco Manca are the latest restaurants to join WestQuay Watermark in Southampton. It will be the first move into the City of Southampton for both restaurant chains. Previously announced restaurants include Five Guys, Byron Burgers,... Read More
In 2015, there were 5.4 million small to medium size businesses in the UK, according to Business Statistics report. If you are looking to embrace having your own business, then you are not alone. One of the major factors that makes would-be business owners dubious, is the funding aspect. However, it has been proven possible to start up... Read More
There has been a boost in vinyl sales despite the digital technology dominating the market. Records shops have seen a surge in vinyl sales, enhancing their popularity and giving them a new audience. In the hay day, there were over 2,000 independent record stores, but this figure has largely been reduced due to online music sales and... Read More
The British pharmaceutical company, GlaxoSmithKline plc, still sees the UK as “an attractive location” regardless of Brexit. Chief executive Andrew Witty backed the Remain campaign, said the decision for investment was due to the UK’s skilled workforce, and modest tax system. Most of the products produced at the expanded sites... Read More
Potential new retail developments have seen a drop in planning applications, according to a recent report by EMW. In 2015, there were 6,700 applications for new shop builds, compared to 7,360 in the previous year. The lack of applications has seen a 9 per cent drop in the past year, resulting in a seventh decline in a row. Before... Read More
A recent survey released by The Federation of Small Businesses, has revealed that the housing crisis is pushing employees out of the city. This has seen a quarter of small businesses considering relocating their companies. The report also saw that 57% of owners are worrying about the well-being of their employees, due to the staggering... Read More
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