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Commercial Property News Posts

Business owners not swayed by politicians views on brexit

Business Owners Not Swayed by Politician’s Views on Brexit

Posted on May 25, 2016 10:17 am by Chris Grigorovsky under Business News, Economy

With the EU referendum just one month away, a study has found that 56% of business owners care more about the facts than what political figures have to say. The survey by sage also found that 17% of respondents will be voting on gut instinct alone, while a mere 1% say that politicians or personalities will aid them in their decision... Read More

West Midlands achieves record inward investment

West Midlands Achieves Record Inward Investment

Posted on May 24, 2016 10:30 am by Chris Grigorovsky under Business News, Economy

Throughout 2015, for the second year in a row, inward investment into the West Midlands stayed consistently sharp. Last year, the region had 92 foreign direct investment (FDI) projects, which is up by 46% on 2014’s amount of 63. The projects counted are ones by businesses that are newly investing in the region, as well as... Read More

Tata steel's UK business gets one step closer to finding new owner

Tata Steel’s UK Business Gets One Step Closer to Finding New Owner

Posted on May 23, 2016 3:00 pm by Chris Grigorovsky under Business News

The board of Tata Steel Europe has announced it has advanced seven expressions of interest for its UK business to the next stage of the sale process. It is known that Tata Steel Europe’s primary intention is to ensure that the interested parties are looking at the whole of Tata Steel’s UK business. Parties which are seeking just... Read More

Knight Frank helps drive successful mercedes dealership

Knight Frank Helps Drive Successful Mercedes Dealership Takeover

Posted on May 23, 2016 9:59 am by Chris Grigorovsky under Business News, Commercial Sales and Lets

The world’s biggest Mercedes retailer has successfully acquired nine Mercedes-Benz dealerships, including four in the West Midlands. Advised by the Birmingham office of Knight Frank, the deal sees Hong Kong-based Lei Shing Hong, which represents the Mercedes marque in China, South Korea and Cambodia, gain its first foothold in the... Read More

Workplace negatively effects one in three workers mental health

Workplace Negatively Effects One in Three Worker’s Mental Health

Posted on May 20, 2016 4:17 pm by Chris Grigorovsky under Business News

There are a reported 1 in 4 people in the UK experiencing mental health issues every year and that number keeps on growing. It can take many forms, with the two most common being anxiety and depression. However, there are people out there who are either unaware of what they have or feel like they can’t tell anyone. The issues are magnified... Read More

intu watford set for multi million pound extension

intu Watford Set for multi- million-pound Extension

Posted on May 20, 2016 11:05 am by Chris Grigorovsky under Commercial Developments, Industry News

intu has announced the appointment of Laing O’Rourke as main contractor for a new £178m extension of its Watford shopping centre. The extension, which will comprise a 1.4 million sq ft leisure and retail destination, will place Watford in CACI’s top 20 national retail destinations ranking, alongside Bristol and Edinburgh. Head... Read More

How would the commercial property sector be affected by Brexit

Brexit Could Push UK back into Recession Warns Alistair Darling

Posted on May 19, 2016 4:37 pm by Chris Grigorovsky under Business News, Economy

Former Labour Chancellor, Alistair Darling, has said that if the UK were to leave the EU, it would have a negative impact on the economy and be “disastrous” for living standards of working people. At a dinner of the CBI, Mr Darling said in a speech: “Recent experience and historic evidence shows that when our economy suffers this... Read More

Are Shop Amalgamations the Saviour of Retail?

Posted on May 18, 2016 4:16 pm by Chris Grigorovsky under Business News, Economy

The retail sector has experienced its share of fall backs over the past month. One of the most prominent establishments on the UK high street, BHS, received a major blow after it entered into administration at the end of April. This was then followed by menswear brand Austin Reed just a few days later. It was a shock to consumers everywhere... Read More

West Midlands One of Biggest Sufferers of Empty Shops

Posted on May 18, 2016 11:23 am by Chris Grigorovsky under Business News, Economy

New figures from the Local Data Company (LDC) have found that the West Midlands is still one of the worst affected regions in England for empty shops. The region currently has three towns in the top 10 list of areas with the highest percentage of empty shops over the last three years. The worst performing town in the region was... Read More

Over 800 HSBC Jobs Cut as Birmingham Move Gets Ever Closer

Posted on May 17, 2016 10:43 am by Chris Grigorovsky under Business News, Economy

With HSBC set to make Birmingham the home of its UK retail services, it has since begun laying off 840 of its IT staff. The first phase of restructuring, which aims to cut 8,000 jobs in the UK by the end of 2017, will see Sheffield suffer the most, with 595 job losses expected. London and Birmingham will also see jobs cut. The... Read More

Is Cambridge the Right Place for your Business?

Posted on May 16, 2016 4:20 pm by Chris Grigorovsky under Business News, Economy

Summer is upon us. A wondrous time where, for five minutes a year, Britons everywhere are exposed to that yellow warm ball in the sky. The mood of the nation is lifted, which is the perfect time to be productive and make a change. For businesses looking to relocate, this is definitely the case. Right at this moment you may be currently... Read More

North West Experiences Successful Office Take-Up in Q1 2016

Posted on May 16, 2016 10:46 am by Chris Grigorovsky under Commercial Sales and Lets, Industry News

The North West office market has seen a stellar start to the year, with Liverpool and Manchester experiencing strong levels of take-up in Q1, according to a report from Bilfinger GVA. It was found that Liverpool’s office take-up surpassed 90,000 sq ft in the first quarter, overtaking the five-year quarterly average of 80,000 sq... Read More

Rural Areas Suffered Most from Bank Branch Closures

Posted on May 13, 2016 2:41 pm by Chris Grigorovsky under Business News, Economy

Figures found by the BBC have revealed that over 600 bank branches across Britain in the past year have seen closures, with rural areas being the most affected. It was found that parts of Scotland, Wales and South West England, between April 2015 and April 2016, lost the most per population. Wales suffered the most bank loses, with... Read More

Judgement day awaits BHS today

BHS a Victim of Delayed Business Rates Revaluation says Colliers

Posted on May 12, 2016 11:26 am by Chris Grigorovsky under Business News, Economy

Struggling high street retailer BHS was on the cusp of receiving millions of pounds of business rates cuts, which would have resulted in a saving of over £15m if the revaluation went ahead in 2015, according to Colliers International. Currently, business rates are recalculated every five years, with the last revaluation taking place... Read More

Is the South East office market looking strong in 2016

Is the South East Office Market Looking Strong in 2016?

Posted on May 11, 2016 11:00 am by Chris Grigorovsky under Economy, Industry News

The first quarter of 2016 was a great one for the South East office market, which saw its total take-up increase by 30%, according to Knight Frank’s latest M25 offices report. It was found that 973,000 sq ft of space was let during this period, 10% above the ten-year average. This has resulted in the overall supply being at an... Read More

Over third of SMEs unsure of interest rates their business recieves

Over Third of SMEs Unsure of Interest Rates their Business Receives

Posted on May 10, 2016 4:54 pm by Chris Grigorovsky under Business News

A new study from Aldermore has found that 34% of small and medium-sized enterprises are unaware of what interest rate their business is receiving in surplus funds. The survey, which more than 1,000 British SMEs took part in, found that 55% aren’t reviewing savings regularly, which is lower than the 62% last year. Also found was... Read More

Birmingham office market take up surpasses record

St Modwen Sells Birmingham Office Trio for £7.3m

Posted on May 9, 2016 3:05 pm by Chris Grigorovsky under Commercial Sales and Lets, Industry News

A collection of three Birmingham offices has been sold by St Modwen to an unnamed UK fund manager for £7.3 million. Situated on the St Modwen owned 18-acre Quinton Business Park, the self-contained offices total more than 50,000 sq ft. Senior development surveyor at St Modwen, Peter Rudd, commented: “The strong investor market,... Read More

Uk high street takes biggest hit in April since 2008

UK High Street Takes Biggest Hit in April Since 2008

Posted on May 6, 2016 4:56 pm by Chris Grigorovsky under Business News, Economy

As long standing retailers BHS and Austin Reed entered into administration, the UK high street experienced its worst month since November 2008, according to BDO. High street retailers recorded a 6.1% fall year-on-year in April, with the fashion sector seeing a 9.2% drop on last year. Sales for lifestyle goods grew by 16.4%, while... Read More

How did the Manchester and Birmingham office markets perform in Q1 2016

How did the Manchester and Birmingham Office Markets Perform in Q1 2016?

Posted on May 5, 2016 4:18 pm by Chris Grigorovsky under Commercial Sales and Lets, Industry News

Q1 2016 has seen a strong start for both Birmingham and Manchester office markets, with a healthy level of activity, according to data from Colliers International. Since 2015 saw Birmingham city experience record annual take-up of 970,458 sq ft, this year it has achieved the busiest ever first quarter, with take up reaching 283,697 sq... Read More

Savills appointed advisor for BHS portfolio

Savills Appointed Advisor for BHS Portfolio

Posted on May 4, 2016 4:03 pm by Chris Grigorovsky under Business News, Economy

One week after entering into administration, BHS’ administrators have appointed Savills to help with its portfolio. The administrators, Duff & Phelps, are currently attempting to find a buyer for the struggling high street retailer, with concerns for its future still hanging in the balance. However, analysts are predicting that... Read More

Regional high street investment down in q1 2016

Regional High Street Investment Down in Q1 2016 but Outlook Still Positive

Posted on May 4, 2016 12:40 pm by Chris Grigorovsky under Business News, Economy, Industry News

New figures from Cushman & Wakefield have revealed investment in UK regional high street retail assets was down by 10% on last year. This however has not tarnished overall performance of the sector in Q1, as a total of 44 assets were transacted at a combined amount of £255m. The firm said it has exceeded expectations and Brexit fears... Read More

London office occupiers will head out to regions in next decade

Overseas Commercial Property Investors taking Advantage of Brexit

Posted on May 3, 2016 10:19 am by Chris Grigorovsky under Business News, Economy, Industry News

With the pending EU referendum causing concern in the London commercial property market, private investors from the Middle East and elsewhere have found an ideal opportunity to buy landmark buildings. One firm for example, 3 Associates, is a UK family office that in the coming months is looking to deploy £500m, which combines its own... Read More