A tiny Hong Kong shop has become one of the most expensive commercial properties in the world after changing hands for almost £14m — around £106,000 per square foot. The 130sq ft store on Matheson Street, which sells audio and visual equipment,... Read More
UK fashion retailers are enjoying a stronger sales period of late, with the wet weather and chilly temperatures encouraging consumers to spend on winter clothing still found on the sales rails of many stores. Combined with the increase in sales over the past... Read More
But visitor numbers fall below expectations The Shard may not be fully let but, according to figures filed with Companies House, the operators of the building’s 800 ft high viewing platform made a pre-tax profit during 2013. The figures cover the... Read More
Highbridge Properties — the developers behind Britain’s biggest business park — has unveiled plans for a new 82-acre industrial site which, it claims, could create more than 1,000 new jobs. Indigo Park will be located north of Newcastle on land... Read More
The global real estate market will continue to grow hand-in-hand with investment in the sector over the next 16 years with rapid urbanisation and demographic changes in the emerging markets delivering “spectacular returns”. The forecast comes in a... Read More
The majority of large retailers now provide a home delivery or click and collect service to cater for changing shopping patterns. While this may reduce footfall in bricks and mortar outlets it has, at the same time, led to a greater need for warehouse space... Read More
The boom in business growth currently gripping the UK is certainly good news for the economy, but growth limitations for businesses are preventing many from achieving their full potential as the recovery takes hold. One of the key issues, of course, is the... Read More
Work is expected to start this summer on a 90,000sq foot office scheme in the centre of Cardiff. The Welsh Government, which is backing the project, is currently evaluating a shortlist of tenders from construction firms bidding to take on the development.... Read More
High Street footfall has long been one of the most accurate measurements of consumer confidence, but with the advent of online retailing this changed dramatically. Now, it is seen more as a means of determining how well attempts to rejuvenate high street... Read More
Tenants in Piccadilly’s historic Burlington Arcade fear they may be forced out by massive rent rises. The concerns emerged after the owner revealed that an un-named perfume retailer is close to signing a lease agreement at six times the current... Read More
