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Commercial Property News Posts

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Demand for student accommodation sways market in Aberdeen and Liverpool

Posted on March 30, 2015 4:32 pm by Cliff Goodwin under Commercial Developments

A multi-million pound scheme to transform an historic Aberdeen church into a business hub has been abandoned because of a lack of office demand. The city’s Triple Kirks church will now be converted to student accommodation. The decision by developer, Dandara, to abandon its £20m plan to transform the city centre ruin comes as... Read More

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Bulldog Hotel Group to double UK Portfolio

Posted on March 30, 2015 4:09 pm by Kirsten Kennedy under Business News

As the British economy continues to take greater steps towards recovery, many growing firms are examining their options for revenue growth by channelling investment into expansion. This has been a particularly popular trend in sectors relating to the tourism industry, as the UK is now one of Europe’s top destinations for international... Read More

Blurred people on the Millennium bridge, London.

Rockspring in quick-fire Suffolk and City deals

Posted on March 30, 2015 11:08 am by Cliff Goodwin under Commercial Sales

On the same day it paid £47.5m for a Suffolk retail park, the independent real estate fund Rockspring has sold a City of London office block for £70m. The UK and European focused asset manager acquired the Euro Retail Park at Ipswich from Helix Property Advisors. The majority of tenants on the 210,534 sq ft retail warehouse park will... Read More

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‘Comfortably Boring’ Healthcare outperforms all Commercial Property Sectors

Posted on March 30, 2015 9:47 am by Cliff Goodwin under Industry News

Healthcare property continues to outperform all other commercial sectors, a new survey has shown. Last year returns from healthcare investment reached nine per cent for the first time in more than a decade. Sponsored by chartered surveyors Aitchison Raffety, the IPD UK Annual Healthcare Index measures samples from just over 1,000... Read More

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St Modwen gets go-ahead for Skelmersdale town centre scheme

Posted on March 29, 2015 12:01 pm by Kirsten Kennedy under Commercial Developments

West Lancashire Borough Council has granted full planning consent for St Modwen’s £10 million mixed use development in Skelmersdale. The scheme, located between the existing town centre and the new college campus, will deliver 100,000 sq ft of retail and leisure space as a means of regenerating the wider area and keeping a greater... Read More

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Peel confirms First Port Salford Tenant

Posted on March 29, 2015 10:30 am by Cliff Goodwin under Commercial Developments

A leading infrastructure, transport and property investment group has confirmed the first tenant of its multi-million pound Manchester development, after council planners cleared the way for it to push on with the logistics scheme. In 2009, the Peel Group was granted permission for road and rail infrastructure for its proposed National... Read More

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Birmingham Industrial and Campus Portfolios for sale

Posted on March 28, 2015 11:30 am by Cliff Goodwin under Commercial Sales

Two of Birmingham’s biggest property packages are being offered for sale. The largest contains more than a million square feet of industrial space, with the second offering around 100,000 sq ft of educational and office space. Consultants Colliers has been retained by Standard Life Investments to sell the 80-acre Gravelly Industrial... Read More

Jaguar Land Rover investment signals confidence in West Midlands

Posted on March 28, 2015 10:00 am by Kirsten Kennedy under Business News

Investment into the UK automotive industry has been gradually climbing since the end of the financial crisis, with firms including Bentley and Vauxhall having channelled increasing amounts of money into improving their nationwide facilities. This week, Jaguar Land Rover has announced a mammoth £600 million investment into its Castle Bromwich... Read More

British Heart Foundation urges Office Workers to get on their Feet in fight against Cardiovascular Disease

Posted on March 27, 2015 3:12 pm by Chris Grigorovsky under Uncategorised

According to research undertaken by the British Heart Foundation (BHF), 45 per cent of women and 37 per cent of men in UK offices spend less than 30 minutes a day walking – potentially placing their health at risk. The BHF is partnering with Get Britain Standing to launch the first ever On Your Feet Britain campaign, which takes... Read More

Beatles and Shankly themed Hotels in the Spotlight

Posted on March 27, 2015 11:22 am by Cliff Goodwin under Commercial Sales, Top Properties

The only Beatles inspired hotel in the world — the Hard Days Night Hotel in Liverpool — is being offered for sale with an £11m guide price. Opened in 2008 during the city’s Capital of Culture year, the luxury hotel continues to attract Beatles’ fans from around the world making the pop pilgrimage to Merseyside. It is located... Read More

Surge in CPOs an Indicator of returning Confidence says Law Firm

Posted on March 27, 2015 9:42 am by Cliff Goodwin under Commercial Developments

The number of compulsory purchase orders (CPOs) issued to push forward large scale developments increased by two-thirds last year, according to national law firm Bond Dickinson. Fifty-eight applications for CPOs — allowing certain bodies to obtain land or property without the consent of the owner — were made during 2014, compared... Read More

Free Phone Charger Initiative helps intu Shoppers stay Connected

Posted on March 27, 2015 9:00 am by Neil Bird under Top Properties

intu Properties is to provide free phone chargers in all its branded shopping centres following a successful trial late last year. The chargers are being installed by ChargeBox, the world’s leading secure mobile charging company, in the biggest roll-out of its kind in the UK. The move is in response to the positive feedback from... Read More

Trinistar Manchester plans to bring Royal Exchange into 21st Century

Posted on March 27, 2015 8:45 am by Kirsten Kennedy under Top Properties

The Royal Exchange, which incorporates a theatre along with 220,000 sq ft of office and retail space, has long been recognised as one of Manchester’s most iconic buildings. This week new owner Starwood, along with joint venture partner Trinity Investment Management, has confirmed it has submitted a planning application which will see the... Read More

Skyscrapers in City of London( Lloyds of London Tower 42 Aviva and the Gherkin)

EU Referendum would hit London Office Values say Industry Experts

Posted on March 26, 2015 2:45 pm by Chris Grigorovsky under Industry News

Industry experts have warned that central London office values could fall if Prime Minister David Cameron holds a referendum regarding the UK's European Union membership. If he is still in power after the election on 7 May, Mr Cameron has promised a vote on the UK's EU membership by the end of 2017. Joe Valente, head of research and... Read More


UK’s “Unhealthiest High Streets” Revealed

Posted on March 26, 2015 1:17 pm by Kirsten Kennedy under Uncategorised

No-one, least of all landlords, likes to see empty shops blighting the high street. However, many of the occupiers taking up space around the country are not contributing to the overall health of local communities, a new study into the country’s “unhealthiest” high streets claims. The Royal Society for Public Health examined the... Read More


“Fantastic Response” to TfL Property Partnership Tender

Posted on March 26, 2015 10:31 am by Cliff Goodwin under Industry News

More than 50 companies have expressed an interest in partnering Transport for London (TfL) in developing the thousands of acres it owns across the capital, Deloitte reports. The search for development partners was launched last year by the Mayor of London and the transport system operator as part of its plan to generate almost £3.5bn... Read More


Manchester’s Mackie Mayor set for Renovation

Posted on March 26, 2015 9:28 am by Chris Grigorovsky under Top Properties

Muse Developments has been given the go ahead to begin the renovation of Manchester's Mackie Mayor building. Redevelopment of the Grade II listed building, located in Manchester's Northern Quarter, will begin at the end of this month and will be the “final piece of the jigsaw” of the Smithfield regeneration project. Planning and... Read More

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NI Designer Shopping Village sold with £5.5m Price Tag

Posted on March 26, 2015 8:30 am by Cliff Goodwin under Commercial Sales

The urban regeneration specialist, Neptune Group, has paid £5.5m for one of Northern Ireland’s “premier boutique retail outlet centres”. The Linen Green designer village near Dungannon, County Tyrone, was originally developed between the early 1990s and mid-2000s as a designer village by local entrepreneur Peter Dolan whose... Read More


Land Securities pre-lets 1 New Street Square 12 months ahead of completion

Posted on March 25, 2015 3:51 pm by Neil Bird under Top Properties

Land Securities has today announced that it has pre-let 1 New Street Square EC4 in its entirety to Deloitte, over a year ahead of the building’s completion. Deloitte, which already occupies 256,000 sq ft of the adjacent 2 and 3 New Street Square, has agreed terms on a 20 year lease for a further 275,000 sq ft at the new development... Read More


British Land confirms Broadgate Estates 2 Kingdom Street move

Posted on March 25, 2015 3:17 pm by Chris Grigorovsky under Top Properties

British Land has announced that property management company Broadgate Estates is to relocate its headquarters to 2 Kingdom Street, Paddington Central, in July of this year. The firm’s headquarters will be on the second floor of the Kohn Pederson Fox designed building and will occupy a total of 26,150 sq ft. Broadgate Estates, a wholly... Read More


Supermarket Property investment “reboots” following Sector Turbulence

Posted on March 25, 2015 2:08 pm by Kirsten Kennedy under Commercial Sales

The troubles facing the “Big Four” supermarket chains in the UK have been well documented for some time, with the influx of discount competition and resulting falling sales causing many to rein back on new store openings. However, it appears that the property investment market for the sector has “rebooted” in recent months, with... Read More


HSBC relocation underlines Birmingham’s business credentials

Posted on March 25, 2015 1:03 pm by Kirsten Kennedy under Business News

Birmingham’s growing status as an international business destination has been further underlined by HSBC’s decision to relocate its headquarters to the West Midlands city. Around 1,000 jobs are expected to be transferred from London to Birmingham as a result of the move, which is scheduled to begin in mid-2017. HSBC is currently... Read More

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