Tag: commercial property



UK Commercial Property Market to Slow in Wake of Brexit

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
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
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

Money Pile
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
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

Commercial Property Rents and Capital Values Remain Steady in May

Rental
Posted on 9 June, 2016 by Chris Grigorovsky under Economy, Industry News

It’s been revealed by CBRE’s latest Monthly Index that commercial property rental and capital values in May remained steady across the UK, despite “a great period of uncertainty.” Commercial rental values grew by 0.1%, while capital values... Read More

The 2016 Office Market’s Halfway Point Overview

Modern Office Interior
Posted on 8 June, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

We have now hit the halfway mark of 2016. A lot has happened in the commercial property market in the last 6 months, such as the Budget introducing a substantial change to Stamp Duty Land Tax and business rates. All of this has and will have an impact on the... Read More

MediaCityUK Set for New £1bn Second Phase

MediaCityUK
Posted on by Chris Grigorovsky under Commercial Developments, Economy, Industry News

Plans for a £1bn expansion of MediaCityUK has been announced by Peel Land & Property and Legal & General, which are to be submitted to Salford Council. The new scheme is for ten buildings totalling 2.3 million sq ft and will comprise 540,000 sq ft of... Read More

Business Owners Not Swayed by Politician’s Views on Brexit

EU Referendum
Posted on 25 May, 2016 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,... Read More

intu Watford Set for multi- million-pound Extension

Shopping Centre
Posted on 20 May, 2016 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... Read More