Monthly Archives: June 2014

Primark becomes new Anchor at Whitefriars Canterbury

Posted on 30 June, 2014 by Kirsten Kennedy under Top Properties

As the economic recovery continues to gather momentum and consumer confidence heads towards pre-recession levels, many retailers have seen their profits rise and bottom line strengthen. Until recently, this recovery has failed to positively affect clothing... Read More

Euro-Funding to breathe new life Into Manchester Victorian Arcade

Posted on by Cliff Goodwin under Commercial Developments

The European Regional Development Fund has agreed to pump £1m into a scheme to transform a Victorian shopping arcade in Manchester into a high-tech business hub. The like-for-like funding will be matched by developer Jersey Street Properties which... Read More

Southampton Watermark West Quay Development gains Planning Permission

Posted on by Kirsten Kennedy under Commercial Developments

Southampton City Council has unanimously voted to grant planning permission for a £70 million leisure development, to be known as Watermark West Quay. Spearheaded by Hammerson, the new development will see a landmark 10 screen cinema and space for up to 20... Read More

Canary Wharf Bonds fall to Lowest Level in Three Years over Redemption Loss Fears

Posted on by Jodee Redmond under Business News

Bonds secured by commercial property in Canary Wharf have fallen to their lowest level in three years, Bloomberg reports. The fall is due to concerns that the debt may be bought back at a lower value than the market price. The £954.3m class A1... Read More

MP Turns up the Heat on Business Rates “Hot Potato”

Posted on by Cliff Goodwin under Business News

The plight of beleaguered shop keepers has been raised in Parliament by an MP who claims that one-in-ten retailers in her North-East constituency pay more in business rates than they do in rent. Speaking during an adjournment debate with high street... Read More

Scunthorpe sees half its Vacant Commercial Stock snapped up as Confidence Returns

Posted on by Cliff Goodwin under Economy

A Lincolnshire town which for years has carried hundreds of thousands of square feet of unused warehouse and office space has seen its stockpile of vacant commercial property halved as the post-crisis recovery gathers pace. At the depths of the... Read More

Australian Banks expand exposure to Commercial Property

Posted on 29 June, 2014 by Jodee Redmond under Worldwide Property News

With banks pumping billions of dollars into the commercial property sector, Westpac and ANZ Bank are taking the lead in increasing their lending practices. There has been little growth in business lending and commercial property is one area outside of the... Read More

Marco Pierre White set to raise the curtain on Shakespeare Town Restaurant

Posted on by Kirsten Kennedy under Top Properties

The West Midlands has become a hotspot for industrial activity over the past 12 months, with increasing numbers of international firms choosing to expand their interests in the region. However, thanks to widespread marketing initiatives throughout mainland... Read More

Plastic Bag Tax set to cost Households £5 per year

Posted on by Kirsten Kennedy under Business News

Since the plastic bag tax was introduced in Wales, the country has seen a vast reduction in the number of carrier bags dispensed by retailers and a rise in households choosing to recycle during the weekly shop. However, new research has indicated that when... Read More

Bury Shopping Centre sold in £52m Deal

Posted on 28 June, 2014 by Jodee Redmond under Commercial Sales and Lets

InfraRed Capital Partners has exchanged contracts for the purchase of Mill Gate shopping centre in Bury from Scottish Widows Investment Partnership. The deal for the 400,000 sq ft centre, is worth £52m. It adds to Infrared's portfolio in the region,... Read More