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Commercial Property News Posts

Small business rates relief delays affect thousands of businesses in the UK

Small Business Rates Relief Delays Affect Thousands of Businesses in the UK

Posted on May 31, 2017 9:20 am by admin under Economy

It has been reported thousands of small businesses are still waiting for their promised relief package following the business rates revaluation in April this year. The government previously promised for business rates relief package to help businesses hit by the rises in rateable value and business rates. £25 million was arranged... Read More

Fashion retailer Joy rescued by Louche London in a pre-packed deal

Fashion Retailer, Joy, Rescued by Louche London in a Pre-packed Deal

Posted on May 23, 2017 3:26 pm by admin under Business News

Joy, a fashion retailer, has been rescued by its owner Louche London in a pre-pack deal, despite falling into administration for the seconds time in the last ten years. The pre-packaged sales result in the company to reduce the number of their stores throughout the UK from 32 to 20. The majority of the remaining stores are located in... Read More

New scheme to help part time workers progress in their careers

New Scheme to Help Part Time Workers Progress in Their Careers

Posted on May 16, 2017 11:45 am by admin under Economy

Timewise, a flexible working consultancy and training company, has launched a new scheme that aims to promote career progression for part time workers, called the Retail Pioneer Programme. The scheme will run for 12 months and it hopes to identify what is currently preventing part time staff from entering into management roles, and... Read More

Jimmy Wales leaves his position at the Guardian Board

Jimmy Wales Leaves His Position at the Guardian Board

Posted on April 28, 2017 10:01 am by admin under Misc

The co-founder of Wikipedia, Jimmy Wales, will step down from the Guardian Media Group (GMG) board after joining over 12 months ago. This decision comes after Mr Wales decided to establish his own news company, Wikitribune. The main objective of Wikitribune will be to provide "factual and neutral" news coverage, with 20 journalist... Read More

Tesco sells its opticians practices to vision express

Tesco Sells its Opticians Practices to Vision Express

Posted on April 24, 2017 1:11 pm by admin under Business News

Tesco, the UK’s largest supermarket, has announced its plans to sell its optician business to Vision Express, as it prepares for a £3.7 billion Booker takeover. First established in Peterborough in 1999, the supermarket currently has a total of 206 optician practices throughout the UK. It is expected that the sale will happen later... Read More

New York City biggest commercial property lender revealed

New York City’s Biggest Commercial Property Lender Revealed

Posted on April 18, 2017 10:48 am by admin under Business News

A German global banking and financial services company, Deutsche Bank, has become the largest commercial real estate lender in New York city for the first time in 2016. Deutsche Bank is a global banking and financial services company from Germany. The company’s current Headquarters is at Deutsche Bank Twin Towers in Frankfurt. The... Read More

Firms concern as new business rates take full effect

Firms Concern As New Business Rates Take Full Effect

Posted on April 5, 2017 12:58 pm by admin under Business News, Economy

The recent revaluation at the beginning of April this year meant over half a million firms had to start paying higher business rates. However, what is not known is the Government’s new £300 million business relief scheme, which many firms could benefit from. It’s the first time since 2010 that business rates have changed due to... Read More

London’s West End Commercial Property Hit Record High

Posted on April 3, 2017 2:04 pm by admin under Business News, Economy

With several buyers from Hong Kong including CC Land and Emperor Group, London’s West End commercial property investment has significantly increased to £1.93 billion in 2017’s first quarter. The previous record for the City’s West End area was £1.8 billion in 2013. The total invested in central London was £4.18... Read More

Cybersecurity Becoming an Increasing Problem for U.K firms

Posted on March 27, 2017 1:31 pm by admin under Misc

It is apparent that cyber-attacks are becoming a growing threat to the businesses in the UK. In 2016, Tesco bank were in involved in a cyber-attack, resulting in the company having to refund millions of pounds to their customers, while Talktalk was fined nearly half a million pounds following the company’s customer data was stolen by... Read More

Commercial Property Growth Slows in London

Posted on March 22, 2017 11:52 am by admin under Business News, Economy

For a second consecutive month, the London commercial property market slowed in growth, despite signs of recovery after the EU referendum vote in June 2016. It was reported that he Brexit vote last year led the businesses in the city to take more cautious approach to the market. As a result, a number of commercial property occupiers... Read More

Scottish Commercial Property Market on the Raise for 2017

Posted on March 20, 2017 11:13 am by admin under Business News, Economy

It has been reported that the importance of Investment from outside the UK, such as China and South Africa, will further increase for the commercial property market in Scotland in 2017. The figures from 2016 show nearly two thirds of the commercial property spend was from foreign investors. Furthermore, for the city of Edinburgh, the... Read More

Investment From The Continent Pushes Up Irish Property Value

Posted on March 3, 2017 10:54 am by admin under Business News, Commercial Developments, Economy

The Irish property market could be showing the way forward for the commercial property in 2017 as a blend of demand from investors and large international corporations are expected to push values upwards for the next six months. This is what has been conveyed from CBRE's first bi-monthly report for 2017. There will be a considerable... Read More

Hammerson Sells to Fund

Posted on February 22, 2017 1:29 pm by admin under Business News, Commercial Developments

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

Chinese Government agencies to restrict foreign property investment

Chinese Government Agencies to Restrict Foreign Property Investment

Posted on February 20, 2017 11:00 am by admin under Business News, Economy, Worldwide Property News

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

For sale The Co-op Bank

For Sale: The Co-op Bank

Posted on February 13, 2017 10:01 am by admin under Business News

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

Business rates revaluation 2017

Business Rates Revaluation 2017 – Winners and Losers

Posted on January 25, 2017 3:23 pm by admin under Business News, Economy

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

Revealed The Abraj Kudai

Revealed: The Abraj Kudai

Posted on January 9, 2017 3:02 pm by admin under Commercial Developments, Worldwide Property News

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

Pep & Co clothing to launch in poundland stores across the UK

Pep & Co Clothing to Launch in Poundland Stores Across the UK

Posted on December 20, 2016 9:01 am by admin under Business News

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

Gourmet burger kitchen to join leicester's highcross shopping centre

Gourmet Burger Kitchen to Join Leicester’s Highcross Shopping Centre

Posted on December 8, 2016 4:00 pm by admin under Commercial Sales and Lets, Economy

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

Nationwide to close its commercial property mortgage lending business

Nationwide to Close Its Commercial Property Mortgage Lending Business

Posted on November 25, 2016 1:45 pm by admin under Business News, Economy

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

Honey birdette to join leeds Victoria gate

Launch of Victoria Gate in Leeds

Posted on October 27, 2016 2:16 pm by admin under Commercial Developments, Commercial Sales and Lets, Economy

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

Honey Birdette to Join Leeds’ Victoria Gate, Further Expanding in the UK

Posted on October 10, 2016 11:09 am by admin under Commercial Developments, Commercial Sales and Lets

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