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Commercial Property News Posts

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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

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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

Leeds Trinity Kitchen celebrates First Anniversary with New Restaurant opening

Posted on October 21, 2014 1:39 pm by Neil Bird under Top Properties

Trinity Leeds’ street food concept, Trinity Kitchen, has celebrated its first anniversary by welcoming Rola Wala, to the award winning destination. The Indian street food vendor will open its first permanent restaurant site in a 452 sq ft unit following a successful stint as a pop-up in the centre. Rola Wala joins a host of... Read More

Wolverhampton Mander Centre Sale close to being Finalised

Posted on October 21, 2014 10:38 am by Kirsten Kennedy under Commercial Sales

It has been confirmed that an offer has been made for Wolverhampton’s Mander Centre, which current owner Delancey placed on the market only a few months ago with a £50 million price tag. Although the identity of the potential buyer has not been revealed, city council deputy leader Peter Bilson has confirmed that a “very credible... Read More

Airport Eco-Office Park gets Euro Cash Backing

Posted on October 21, 2014 9:55 am by Cliff Goodwin under Commercial Developments

The European Regional Development Fund (ERDF) has agreed to part finance a £10m eco-friendly office scheme at one of Britain’s regional airports. Doncaster International Business Park — adjacent to the town’s Robin Hood Airport — is being developed in two stages by the Prospect Property Group (PPG) and is expected to create more... Read More

Petrifying Public Houses

Posted on October 21, 2014 9:20 am by Kirsten Kennedy under Wacky News

When you think of the sleepy town of Congleton, ghosts, ghouls and things that go bump in the night are not the first attractions which spring to mind. However, following a visit to The Lion & Swan Inn, visitors may leave the Cheshire town with a whole new perspective on the paranormal. First built in the 16th century, The Lion... Read More

Two-Way Deal Gives Land Securities Control Of Buchanan Galleries

Posted on October 21, 2014 8:30 am by Cliff Goodwin under Business News, Commercial Developments, Economy

Land Securities has taken 100 per cent control of Glasgow’s Buchanan Galleries in a sale-and- share deal that sees it relinquish its 50 per cent stake in Princesshay shopping centre in Exeter. Confirming the transaction, Land Securities — the largest commercial property company in Britain — said the £127.9m sale of the... Read More

Demand for Coworking Space will Transform UK Office Market Over Next Decade

Posted on October 20, 2014 3:00 pm by Jodee Redmond under Business News, Economy

With the increase in self-employment and the growth in micro businesses, demand for coworking space across the United Kingdom is likely to exceed four million square feet in the near future and is predicted to rise rapidly over the next 10 years, according to a report released by DTZ. The growth of online, creative and technology industries,... Read More


£5m Local Economy Boost from Kirkstall Forge Development

Posted on October 20, 2014 2:00 pm by Kirsten Kennedy under Commercial Developments

The developer behind a £400m Yorkshire regeneration project has claimed the scheme will create almost 2,500 jobs and will pump £5m into the local economy each year. Commercial Estates Group (CEG) recently named Perth-based contractor, I & H Brown as the builder chosen to deliver the 57-acre mixed-use scheme at Kirkstall Forge and... Read More

stamp duty reform will make scotland less competitive

Stamp Duty Reform Will Make Scotland “Less Competitive”

Posted on October 20, 2014 1:00 pm by Cliff Goodwin under Business News

Scotland’s leading property organisation is warning that proposals to shake up the country’s land and building tax structure could have an adverse effect on development and make it “less competitive than the rest of the UK”. Announced in this week’s Scottish Budget the Land and Building Transaction Tax (LBTT) will replace... Read More

most haunteds favourite haunts

Most Haunted’s Favourite Haunts

Posted on October 20, 2014 9:55 am by admin under Wacky News

When the television series Most Haunted first aired in May 2002, it sparked a love of all things supernatural in the British public. However, despite appearing on the show itself, Capesthorne Hall remains one of the most perplexing paranormal cases in the UK today, with mysterious sightings and a ghoulish past leaving even the most vigilant... Read More

barwood unveils second joint venture logistics scheme

Barwood Unveils Second Joint Venture Logistics Scheme

Posted on October 20, 2014 9:00 am by Cliff Goodwin under Business News, Commercial Developments

Barwood Developments and the North Yorkshire-based Potter Logistics have joined forces to develop a 16-acre logistics hub at Knowsley Industrial Park. The joint venture Draco project — situated on North Perimeter Road and with immediate access to Potter’s neighbouring rail freight terminal — will have the capacity for a total of... Read More

kingsway shopping centre bought by queensberry real estate

Kingsway Shopping Centre bought by Queensberry Real Estate

Posted on October 19, 2014 12:45 pm by Kirsten Kennedy under Business News, Commercial Sales

Investment into retail commercial properties is beginning to reach pre-recession levels once more, indicating that businesses and individuals are becoming more confident about a long-term recovery within the retail industry. Shopping centres, in particular, have seen a great deal of market activity in the past year, with the latest sale... Read More

new headquarters will double linkedins irish workforce

New Headquarters Will Double LinkedIn’s Irish Workforce

Posted on October 19, 2014 10:00 am by Cliff Goodwin under Business News, Commercial Developments

LinkedIn, the online professional networking service, has continued its Irish acquisition spree with plans for a new corporate headquarters in Dublin. So far this year LinkedIn — often described as Facebook for suits — has cranked up its Irish workforce from 450 people to over 600. Its latest move to even bigger purpose built... Read More

tata steel to sell long products division

Tata Steel to sell Long Products Division

Posted on October 18, 2014 1:00 pm by Kirsten Kennedy under Business News, Commercial Sales

During the initial stages of the economic recovery, Britain’s manufacturing industry flourished due to a combination of strong overseas demand and an increasingly stable domestic market. However, Eurozone issues and importing issues within key markets have seen growth stagnate in recent months, with firms such as Tata Steel now examining... Read More

latest markham vale development ready by spring

Latest Markham Vale Development Ready by Spring

Posted on October 18, 2014 10:00 am by Cliff Goodwin under Business News, Commercial Developments

Work is expected to start before Christmas on the latest expansion of a 200-acre Derbyshire distribution and business park. The latest speculative build will add a 100,000sq ft warehouse and office building to the Markham Vale enterprise zone site with Henry Boot Developments (HBD) expecting the scheme ready for occupation by spring... Read More

wh smith attributes profit rise to transportation hub expansion

WH Smith attributes Profit Rise to Transportation Hub Expansion

Posted on October 17, 2014 2:34 pm by Kirsten Kennedy under Business News, Economy

WH Smith has been one of the UK’s most popular High Street chains for many years now, with consumers frequently turning to the retailer for their stationery and reading needs. However, like many during the recession the retailer struggled to lift sales – a trend which, fortunately, appears to have come to an end, as WH Smith has this week... Read More

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