Monthly Archives: March 2014

London Mayor outlines Plans for Heathrow without an Airport

Posted on 31 March, 2014 by Kirsten Kennedy under Top Properties

With the future of London’s air travel capacity still up in the air (quite literally), London Mayor Boris Johnson has stepped up his campaign for a new hub airport to be built in the Thames Estuary. Although the possibility of extending facilities at... Read More

Property Portfolio blamed for Third Carpetright Profits Warning

Posted on by Cliff Goodwin under Business News

Carpetright has issued its third profits warning in less than six months. Pre-tax profits for the flooring retailer could fall as low as £3.5m — half of what most City analysts had expected. The company is blaming disastrous winter sales figures —... Read More

Kodak invites offers for its Eastman Business Park

Posted on by Cliff Goodwin under Commercial Sales and Lets, Worldwide Property News

Kodak — which emerged from bankruptcy last autumn — has puts its 1,200-acre Eastman Business Park on the market. Although it refuses to name an asking price for the New York state site Kodak says it will use the money to focus on its commercial imaging... Read More

Nottingham Office Project moves a Step Closer

Posted on by Cliff Goodwin under Commercial Developments

Nottingham City Council has signed an outline agreement with the Peel Group for a £70m scheme to build a new office and hotel complex. Almost half of the office floorspace would be taken over by the local authority. The infrastructure, transport and... Read More

Canadian Commercial Real Estate Market prepares for Potential Softening

Posted on 30 March, 2014 by Jodee Redmond under Worldwide Property News

Analysts around the world are involved in a debate over whether the Canadian commercial real estate market, which has been red-hot in recent years, is heading for a crash. The country's pension funds, insurance companies, and real estate investment... Read More

String of New Lettings boosts Lincoln Shopping Centre

Posted on by Kirsten Kennedy under Business News

With retailers now actively seeking expansion due to the improved consumer outlook, shopping centres and high streets around the country are noticing vacancy rates falling at a steady rate. This is positive news after several years of contraction in the... Read More

Plans for abandoned Dunfermline Industrial Property unveiled

Posted on by Cliff Goodwin under Commercial Developments

A mothballed Scottish electronics factory could be turned into high-tech commercial units and a college campus under new plans unveiled by Shepherd Offshore. The firm — fronted by ex-Newcastle United chairman Freddy Shepherd — also wants to build houses... Read More

Chinese Investors tighten grip on Manhattan

Posted on 29 March, 2014 by Cliff Goodwin under Worldwide Property News

Foreign investment in Manhattan reached a record $5.5bn (£3.3bn) last year — nearly twice the previous 2007 high-water mark — with Chinese companies leading the charge. According to real estate brokerage Colliers International, not only did... Read More

Like for Like Sales fall at Laura Ashley

Posted on by Kirsten Kennedy under Business News

Although retailers are experiencing better conditions than were seen during the recession, many are still struggling amidst fluctuating levels of consumer confidence and increasing energy bills. The exception to this rule has so far been home ware and... Read More

Computer Complex will be Singapore’s Biggest Commercial Project

Posted on by Cliff Goodwin under Worldwide Property News

International computer company Hewlett-Packard has commissioned a new multi-million dollar high-tech complex in Singapore. The project will be undertaken by Mapletree Industrial Trust and is thought to be the republic’s biggest single commercial... Read More