Monthly Archives: May 2014

Terrorism hits Nigerian Property Prices

Posted on 31 May, 2014 by Cliff Goodwin under Worldwide Property News

The rise in terrorist attacks and insurgency in parts of Nigeria has plunged the country’s property market into a new recession with a fall in demand dragging down values by as much as 40 per cent. With attacks like the kidnap of 200 schoolgirls from... Read More

Plans for Devon Retail and Leisure Park cause Controversy

Posted on by Kirsten Kennedy under Commercial Developments

Retail and leisure developments throughout the UK are thriving at present, with the effects of economic recovery particularly benefiting consumers living in the affluent south. Unfortunately, it now appears that the positive impact these developments bring to... Read More

Record High for Istanbul Office Market Transactions in 2013

Posted on by Jodee Redmond under Worldwide Property News

Istanbul's office market hit a milestone in 2013, hitting record levels for completed transactions. Close to 250,000 square meters of space were registered last year. New development projects offered both pre-lease and pre-sale incentives to occupiers and... Read More

Pressure Mounts in Newcastle after Illegal Immigrants are found working on Flagship Development intended to create Local Jobs

Posted on 30 May, 2014 by Cliff Goodwin under Commercial Developments

Civic leaders are facing mounting pressure to explain how nine illegal immigrants came to be working on a £200m flagship Tyneside development designed to create hundreds of local jobs. Demands by Newcastle council leader Nick Forbes for “urgent... Read More

Birmingham Arena Central Scheme Underway

Posted on by Cliff Goodwin under Commercial Developments

Development includes plans for High Line style ‘pedestrian spine’ Arena Central Developments (ACD) has confirmed that demolition and ground work will begin within weeks to allow the first phase of its 2.3m square feet Birmingham Arena Central development... Read More

Mitchells & Butler expected to Acquire Orchid Pub Company

Posted on by Kirsten Kennedy under Business News

Harvester owner Mitchells & Butlers has expressed an interest in purchasing a large percentage of ailing pub company Orchid’s outlets.  The cost rumoured is to be around £266 million. Should Orchid agree to the deal, Mitchells & Butlers will take... Read More

L & G invites offers on Coutts’ Strand Building

Posted on by Cliff Goodwin under Commercial Sales and Lets

Legal and General is selling the London headquarters of one of the world’s oldest and most exclusive banks — just two months after acquiring its Strand offices in a £550m property portfolio deal. The sale of the Coutts & Co building at 440... Read More

Parkgate Scheme finally opens in Solihull

Posted on by Kirsten Kennedy under Top Properties

Despite a rise in consumer confidence only four mixed-use retail and leisure schemes are currently under construction or recently opened in the country at present. One of these is the Parkgate scheme in Shirley, Solihull, which opened its doors this week... Read More

Majority of Overseas Commercial Investment aimed outside Central London in Q1

Posted on 29 May, 2014 by Jodee Redmond under Commercial Sales and Lets

Data from CBRE shows that overseas commercial property investors are increasingly interested in the UK’s regional cities due to a lack of supply of prime stock in Central London. Close to three quarters (74 per cent) of overseas investment in the... Read More

Whiteley Shopping Centre marks First Anniversary with Leisure Extension Announcement

Posted on by Kirsten Kennedy under Top Properties

Shopping centres have seen a resurgence in consumer footfall this year, after consistently losing business to online retailers during the recession. This has allowed developments such as Whiteley Shopping Centre in Hampshire to flourish in the past twelve... Read More