Monthly Archives: June 2016



Convenience Chain Enters into Administration

Convenience chain enters into administration
Posted on 30 June, 2016 by Chris Grigorovsky under Business News, Economy

The retail sector takes another hit this week as convenience chain, My Local, has entered administration, with 1,200 jobs at risk. There have already been 90 stores closed, with a further three to be shut imminently, which will leave just 32 stores... Read More

Leisure Sector to be Unscathed by Brexit Predicts Colliers

5 celebrity owned hotels
Posted on 28 June, 2016 by Chris Grigorovsky under Business News, Economy

The Brexit has caused mass panic across the UK economy, with many experts fearing the worst in major sectors. However, the leisure sector is being seen in a different light, with predictions of increased interest as time moves on. Colliers... Read More

UK Commercial Property Market to Slow in Wake of Brexit

How would the commercial property sector be affected by Brexit
Posted on 27 June, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

Just days after the controversial UK exit from the EU, a number of experts have said that demand for UK commercial property will weaken. Experts, including JLL UK’s chief executive officer, Chris Ireland, have said that activity levels are expected... Read More

Holland & Barrett Beats £100m Profit Milestone

Holland & Barrett beats £100m profit milestone
Posted on 24 June, 2016 by Chris Grigorovsky under Business News, Economy

The UK high street has received a positive shot of adrenaline as health food retailer, Holland & Barrett, has managed to surpass its £100m profits, showing the brand’s continued growth. Across the 694 UK stores and 99 international franchises, sales... Read More

Multi-Million Pound Refurbishment set for Birmingham Office Building

Birmingham office market take up surpasses record
Posted on 22 June, 2016 by Chris Grigorovsky under Commercial Developments, Industry News

An office building in Birmingham city centre is set to receive a £2.5m overhaul, in order to meet growing demand for smaller floorplates. Occupying the corner plot of Temple Row and Bull Street on the route of the Midland Metro extension, No. 4 Temple... Read More

Hammerson Sells Essex Shopping Park for £93 Million

Over third of SMEs unsure of interest rates their business recieves
Posted on 21 June, 2016 by Chris Grigorovsky under Commercial Sales and Lets, Industry News

Retail property firm, Hammerson plc, has officially completed the disposal of Thurrock Shopping Park in Essex for £93 million to TH Real Estate. The park has a net internal area of 25,500 metre squared and comprises two retail schemes, which includes... Read More

Record High Reached for London Office Space Costs

London office occupiers will head out to regions in next decade
Posted on 20 June, 2016 by Chris Grigorovsky under Industry News

New research from Lambert Smith Hampton has revealed the gap between London and regional office costs has reached record highs, which is set to push occupiers out of the capital. The firm’s ‘Total Office Cost Survey (TOCS) 2016’ found the main... Read More

Online Shopping Not Fazing Shopper’s Support of Town Centres

Uk high street takes biggest hit in April since 2008
Posted on 17 June, 2016 by Chris Grigorovsky under Business News, Economy

Despite online shopping dominating the retail market, the majority of shoppers still favour town centres, new research has revealed. The survey of 2,000 UK shoppers, conducted by Bracknell Regeneration Partnership, 50:50 joint venture partnership... Read More

Poundland Could See a Takeover Bid from Steinhoff

Poundland could see a takeover bid by Steinhoff
Posted on 15 June, 2016 by Steph Cowie under Business News

Steinhoff, the South African retailer has confirmed it is looking at making an offer for Poundland. In accordance with UK takeover rules, Steinhoff need to confirm its bid by 13 July. Harvey’s, the UK furniture chain is owned by Steinhoff and... Read More

HMRC’s New Proposals Could Affect Small Businesses

HMRCs New Proposals Could Affect Small Businesses
Posted on 14 June, 2016 by Steph Cowie under Business News

New controversial plans proposed by the government include the requirements for firms to submit quarterly tax updates rather than the annual tax return. This could see an increase in effort, time and costs of operating businesses, especially for SMBs and... Read More