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
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
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
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 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
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
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
Celebrities. Those extraordinary individuals that we can’t seem to get enough of and want to know everything about. When they aren’t starring in blockbuster films, achieving sporting greatness or melting the nation’s hearts with their vocals, some like to dabble in the world of commercial property investment. Here are 5 celebrities you... Read More
Durham County Council has approved the transformation of a new 2 million sq ft prime industrial and logistics hub in County Durham. The developer, Citrus Durham Ltd, has received the outline planning permission for Integra 61, a mixed-use commercial scheme which will comprise large industrial and distribution units, a 70-bedroom hotel,... Read More
MTD, a Dutch owned company which specialises in the provision of temporary water infrastructures for drinking and wastewater, has relocated to Unit A, Antura, Wade Road, Basingstoke. The firm, which focuses on indoor and outdoor events, exhibitions and industrial events around the world, provided wastewater infrastructure for 68 venues... Read More
Despite the stamp duty tax changes reducing overall commercial property capital values in the UK, rental values grew more in March than January and February combined, according to CBRE’s latest Monthly Index. Capital values, after three years of consistent growth, fell by 0.4% in March when the new tax bands increased acquisition... Read More
Croudace Properties, advised by Lambert Smith Hampton’s Reading team, undertook an extensive upgrade of 3 Queens Road since acquiring it in June 2014, which has now seen its first tenant. The 15,239 sq ft grade A office space comprises open plan floorplans over ground and three upper floors. The ground, first, second and third floors... Read More
It was reported that the way dividends are taxed is set to change from today, and will affect sole trading and Ltd companies alike. So we decided to give you a rundown into what they both have to offer, which will give you a good indication in what choice is right for you. Sole Trader Being a sole trader is exactly what the name... Read More
If the UK left the EU then London offices would suffer the most, according to Steven Grahame, manager of North Row Liquid Property fund. In a piece for What Investment, Grahame said that London offices would be impacted, seeing many continental European companies, in particular investment banks, retreat to the EU. This in turn would... Read More
The office is a second home for many. We mentioned in a previous piece that the Office for National Statistics said an average office career of 50 years, means 23.3% of your total waking hours is spent at work. Office zen is essential to ensure a peaceful and productive work environment. One of the main factors is clutter. No one likes... Read More
Q1 2016 was a triumphant period in the Birmingham office market, as take up successfully smashed the previous best in the last decade. Major deals during this period which attributed to its success were 1 Chamberlain Square in the Paradise development, Pinsent Mason’s planned relocation to 55 Colmore Row and DAC Beachcroft’s... Read More
It has been reported that Staffordshire County Council has pledged to continue inserting millions of pounds into the improvement of its county’s infrastructure, in a bid to attract new commercial investment. Have you ever considered basing your business in Staffordshire? Here’s a run-down of what the county has to offer. Major... Read More
Last week, National Living Wage (NLW) was implemented as a legal requirement and the Federation of Small Businesses (FSB) is urging small businesses to act now to avoid hefty penalties. As of now, if an employee is aged 25 and over, the compulsory minimum wage they are legally entitled to is £7.20 per hour, which is an extra 50p per... Read More
With the ever changing world of technology, we have seen how smartphones have become an essential part of our modern day shopping. Whether you are going shopping for clothes or just need to top up petrol for your car, there are always calls to action promoting payments using their own apps. This is creating a new and easy way for... Read More
We have received news that the marvellous BT Tower will be available on the open market. At a whopping 581 ft in height with 37 floors constructed in the 1960's, this tower packs a punch with a unique past as the Post Office Tower, the London Telecom Tower and the British Telecom Tower. The revolving restaurant has been closed... Read More
Walking down a British high street a decade ago offered something entirely different to our shopping streets today. Traditional pubs may not have been opened throughout the day and especially not in the mornings. However, a lot of pubs have stepped up to the mark over the decade, to evolve with how consumers utilise them today. The... Read More
Throughout March, retail sales volumes remained substantially steady, beating the expectations of slow growth, according to the latest monthly Distributive Trades Survey from CBI. The survey of 125 firms, comprising 63 retailers, found that sales volumes were stable in March with companies expecting an acceleration next month.... Read More
