Tag: economy



BHS a Victim of Delayed Business Rates Revaluation says Colliers

Judgement day awaits BHS today
Posted on 12 May, 2016 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,... Read More

Is the South East Office Market Looking Strong in 2016?

Is the South East office market looking strong in 2016
Posted on 11 May, 2016 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%... Read More

UK High Street Takes Biggest Hit in April Since 2008

Uk high street takes biggest hit in April since 2008
Posted on 6 May, 2016 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... 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 5 May, 2016 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... Read More

Savills Appointed Advisor for BHS Portfolio

Savills appointed advisor for BHS portfolio
Posted on 4 May, 2016 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... Read More

Overseas Commercial Property Investors taking Advantage of Brexit

London office occupiers will head out to regions in next decade
Posted on 3 May, 2016 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... Read More

Top Economists Back Brexit

Brexit what does it mean for the commercial property sector
Posted on 28 April, 2016 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... Read More

BHS Files for Administration

Judgement day awaits BHS today
Posted on 25 April, 2016 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... Read More

Judgement Day Awaits BHS Today

Judgement day awaits BHS today
Posted on 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... Read More

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

Brexit what does it mean for the commercial property sector
Posted on 21 April, 2016 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... Read More