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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


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


Are Signs of Improved Rental Growth Starting to Emerge?

Posted on April 29, 2016 2:27 pm by Chris Grigorovsky under Industry News

A combination of improved letting activity and taking surplus stock out to market has started to show signs of rental growth in some locations and sectors, according to commercial property agent, Prop-Search. One of the main factors to these findings is savvy landlords being on the back of increasing economic confidence, contemplating... Read More

EU - Leave or Stay?

Top Economists Back Brexit

Posted on April 28, 2016 4:11 pm by Chris Grigorovsky under Economy

Following several warnings from organisations about the UK leaving the EU, including IMF and OECD, a collection of eight influential economists who are in support of the Brexit, have claimed that the economy would be better off, with a boost of 4%. This is the first time that the group, known as Economists for Brexit, have publicly... Read More


London Office Occupiers will Head out to Regions in Next Decade

Posted on April 27, 2016 10:38 am by Chris Grigorovsky under Business News, Industry News

With the ever increasing cost of commercial property in Central London, a trend of office occupiers within the capital moving out to other major cities will start happening over the next decade, according to new research by Lambert Smith Hampton. LSH’s 2016 edition of the annual Office Market Report highlights the substantial... Read More

Retail Warehouse

UK Retail Warehouse Market sees Better Occupier Demand

Posted on April 26, 2016 10:53 am by Chris Grigorovsky under Industry News

Better occupier demand in UK retail warehouses has resulted in the lowest level of vacant space on UK retail parks since 2006, according to a report by Colliers International. The Heading out of Town report found that investment volumes in retail warehousing surpassed £4bn last year, due to level of transactions returning to... Read More


BHS Files for Administration

Posted on April 25, 2016 4:33 pm by Chris Grigorovsky under Business News, Economy

High Street Retailer British Home Stores has had "no alternative" and officially gone into administration following a struggle with £1.3bn worth of debts. For 88 years, the department store has been a mainstay in UK high streets but now it faces a wealth of uncertainty after it failed to find a buyer, putting 11,000 jobs at risk... Read More

Judgement Day Awaits BHS Today

Posted on April 25, 2016 11:09 am by Chris Grigorovsky under Business News, Economy, Industry News

Iconic high street retailer BHS is facing uncertainty today, as the store could be filing for administration due to £1.3bn of debt and a stand-off between its owner and the biggest lender. The store’s original majority stakeholder and owner of Topshop, Sir Philip Green, sold it to current owner Dominic Chappell. Mr Chappell acquired... Read More

Savills’ Forecast of Brexit’s Impact on Rural Sector

Posted on April 22, 2016 4:56 pm by Chris Grigorovsky under Economy

The EU referendum has been a hot topic this week, with many industry experts presenting research that shows how the uncertainty is affecting the current commercial property market. We have been delving into a report produced by Savills which forecasts how it will see the commercial and rural change post referendum. If you haven’t already,... Read More

UK Commercial Investment Experiences Dampened Q1 2016

Posted on April 22, 2016 11:55 am by Chris Grigorovsky under Industry News

A possible Brexit continues to cause uncertainty as investment in UK commercial property saw a significant slowdown in the first quarter of 2016, according to new research from Lambert Smith Hampton. Its latest quarterly UK Investment Trends report has revealed a total of £11.7 billion of investment during Q1 2016, which is 27% down... Read More

Brexit – What does it mean for the Commercial Property Sector?

Posted on April 21, 2016 12:48 pm by Chris Grigorovsky under Economy, Industry News

This week, Chancellor George Osborne warned of a ‘permanently poorer’ UK if it were to leave the EU, with Treasury analysis saying that by 2030, UK national income could be 6% smaller. Debates are ongoing, trying to convince the nation why we should either stay or leave. Some say we'll be better off out of the EU, while others see a... Read More

Brexit Speculation Showing Impact as Newcastle Office Take Up Falls

Posted on April 20, 2016 3:56 pm by Chris Grigorovsky under Economy, Industry News

Brexit uncertainty has once again caused concern in the commercial property market, as Newcastle saw its occupier market slowdown in Q1 2016 and leasing activity fall dramatically, Lambert Smith Hampton research reveals. The firms latest Newcastle Office Market Pulse has shown that occupier deals in the city’s central office market... Read More

London Office Demand Remains Robust Despite Brexit Fears

Posted on April 20, 2016 10:14 am by Chris Grigorovsky under Commercial Sales and Lets, Economy, Industry News

As uncertainty of Brexit’s impact on demand in the market, CBRE has reported that during the “traditionally quiet” first quarter of 2016, demand for office space in London remained robust, with 3.1 million sq ft of offices being taken up by companies. The 3.1 million sq ft is below the 10-year average of £3.2 million, however... Read More

Greater Manchester

Is Greater Manchester the Right Place for your Business?

Posted on April 19, 2016 12:53 pm by Chris Grigorovsky under Misc

Relocating your business can be an arduous task. The uncertainty of what area is right for you can hold back the process significantly. If you're still undecided, have you ever considered relocating to the Greater Manchester area? Here are five key areas to think about. Major Areas 1. City of Manchester Population – 2.5... Read More


HSBC Launches £10 Billion Lending Fund to Aid SMEs

Posted on April 19, 2016 10:27 am by Chris Grigorovsky under Business News, Economy

A £10 billion lending fund has been launched by HSBC which is set to help UK small and medium sized enterprises. The fund, which forms part of a broader plan to make banking cheaper and simple for customers, is the largest package of support to be announced by HSBC for UK SMEs. This is set to ensure ambitious companies in England,... Read More


EU Exit Would Make UK ‘Permanently Poorer’ Warns George Osborne

Posted on April 18, 2016 10:36 am by Chris Grigorovsky under Economy

Chancellor George Osborne has stated that the EU exit will cause severe damage to the UK economy and make it ‘permanently poorer’. Analysis by the Treasury shows that by 2030, UK national income could be 6% smaller, which equates to £4,300 a year per household. The report, which is due to be published today, is all about facts... Read More


WestQuay Watermark Reaches Another Construction Milestone

Posted on April 15, 2016 4:40 pm by Chris Grigorovsky under Commercial Developments, Industry News

Hammerson has announced the £85 million Southampton based leisure development, WestQuay Watermark, has reached a construction milestone by achieving full height of 30 metres, which was celebrated with a Topping-Out ceremony led by the scheme’s building contractor, Sir Robert McAlpine. The scheme, which comprises 10-screen cinema, up... Read More

Vacant Retail Unit

Vast Increase of Short-term Outlet Vacancy Rates in UK

Posted on April 15, 2016 10:54 am by Chris Grigorovsky under Business News, Commercial Sales and Lets, Industry News

It has been reported that there was an 85% increase of vacant short-term outlets since Q4 2015. The Local Data Company (LDC) found that units which have been vacant for less than a year had increased to 2,109 in Q1 2016, a substantial increase from Q4 2015’s amount of 1,141. Overall, March’s shop vacancy level was at 12.5%,... Read More


Millions in Tax Relief Missed out by Small Companies

Posted on April 14, 2016 2:54 pm by Chris Grigorovsky under Business News, Industry News

A new study by FreeAgent has found that around £250 million of expenses every year are not being claimed by UK micro-business owners, saying the amounts are too small or time consuming to put into their accounts. An aggregated sample of 2.5 million expenses with a total of £168 million was logged in by customers in FreeAgent... Read More

Virtual Reality

Are Virtual Commercial Property Tours the way Forward?

Posted on April 13, 2016 2:58 pm by Chris Grigorovsky under Business News, Commercial Sales and Lets, Industry News

Virtual reality has exploded onto the mainstream market over the past few months with a number of headsets launched for big named brands, including Samsung and HTC. Immersive and exciting, the device is set to become a success, as games industry analyst, Superdata, predicted that the install base for the headsets will reach 70 million by the... Read More

Stress in the Office

How will Businesses be Affected by Increase in Mental Health Cases?

Posted on April 13, 2016 10:55 am by Chris Grigorovsky under Misc

A new study from the Organisation for Economic Co-operation and Development shows individuals that suffer from mild to moderate mental illnesses, like anxiety or depression, are twice as likely to be unemployed, with an estimated Cost to UK Economy of £37 Billion a Year. A reported 1 in 4 people in the UK will experience mental health... Read More

Mansion House Delegation

Bristol becomes Key Investment Portal for China’s ‘Silicon Valley’

Posted on April 12, 2016 11:22 am by Chris Grigorovsky under Business News, Economy, Industry News

A major new development initiative has been announced between Bristol and Chinese city Guangzhou, strengthening the business partnership substantially. The Terms under a new Memorandum of Understanding, which was signed at the Mansion House in Bristol on Monday, means that Bristol Global Partnership will become the UK’s first... Read More