Monthly Archives: March 2013

Jobs and Shops Saved as Blockbuster Buyer is Found

Posted on 28 March, 2013 by MOVEHUT under Business News

More than 2,000 staff at the DVD rental firm Blockbuster have seen their jobs protected by an investment company that previously helped to rescue the Republic fashion group. Gordon Brothers Europe has bought 264 Blockbuster shops threatened with... Read More

Scottish Commercial Developer Posts Profit Drop

Posted on by Kirsten Kennedy under Industry News

Following a period of tough conditions in the commercial property market, Macdonald Estates Group has been forced to post a pre-tax profit of only £2.1 million for 2012. However, the firm has admitted that even this amount has been chalked up as a major... Read More

PIMCO Targeting Commercial Property Investments

Posted on by Jodee Redmond under Commercial Sales and Lets

Pacific Investment Management Co (PIMCO), which has $2 trillion under management, is now targeting direct commercial property investments and non-securitized loans. The company says that now that banks worldwide are making a move to offload some of their... Read More

Preston Bus Station Bid Rejected

Posted on 27 March, 2013 by Neil Bird under Top Properties

Time appears to be running out for Preston’s bus station after a millionaire’s bid to buy it was formally rejected by the council. Simon Rigby hoped to prevent the demolition of the 1960s building by purchasing it for £1 together with a pledge to... Read More

Starbucks Buys Costa Rica Farm

Posted on by Kirsten Kennedy under Commercial Sales and Lets

Following the tax scandal which plagued the business dealings of many big retail names earlier this year, it is hardly surprising that Starbucks is attempting to draw back consumers with a promise of greater quality and variety than ever before. The... Read More

Commercial Property Sales Surge in Beijing

Posted on by Jodee Redmond under Worldwide Property News

The commercial property market in Beijing has risen by 320.5 per cent in the first 10 days of March. Since the government has introduced its new measures to cool down the country's residential sector, investors have responded by shifting their focus to this... Read More

Cable Invests in Lending for SMEs

Posted on by Kirsten Kennedy under Business News

As Britain’s economy struggles to emerge from recession, it appears that the government is investing its hopes in SMEs leading the way to recovery with aspects of the recent budget reflecting this. However, Business Secretary Vince Cable has now... Read More

Bolton Looks to the Future

Posted on 26 March, 2013 by MOVEHUT under Commercial Developments

A new cinema, a smaller shopping space, and plans to turn Bolton into the main hub for town centre offices in north Greater Manchester are among major plans currently under consideration. The Greater Manchester Planning and Housing Commission has... Read More

Developers Win Battle of Waterloo

Posted on by Neil Bird under Commercial Developments

The developers behind the South Bank’s controversial Elizabeth House scheme have been given the green light following a planning disagreement that became known as the ‘Battle of Waterloo.’ On one side were Chelsfield Partners and London Regional... Read More

British Land Sells Development to Fund New Office Purchases

Posted on by Jodee Redmond under Commercial Sales and Lets

British Land has sold its Ropemaker Place development in London for £472 million to raise capital to buy several new office properties. The sale is part of the company's efforts to accumulate nearly £1 billion it needs to take advantage of the growing... Read More