Monthly Archives: July 2014

Overseas Investment in Wales “Near 25 Year High”

Posted on 31 July, 2014 by Cliff Goodwin under Business News

Inward investment in Wales is approaching a 25-year high with 79 foreign companies either moving into the country last year or expanding an established foothold, giving a boost to the commercial property market. The UK Trade and Investment (UKTI)... Read More

Network Rail confirms completion date for Birmingham New Street Station Redevelopment

Posted on by Kirsten Kennedy under Commercial Developments

Retail schemes within train stations have become immensely popular destinations for retailers seeking to expand as the combination of a captive market and constantly renewable consumer base has continued to prove attractive, especially in terms of increased... Read More

Three new Tenants confirmed at The Shard

Posted on by Kirsten Kennedy under Top Properties

Warwick Business School is to establish an outpost at The Shard it has been confirmed. The educational institution has leased the 17th floor of the Stirling Prize shortlisted tower and will utilise the new base as a “campus in the sky” for its MSc Human... Read More

Northamptonshire Developments promise Jobs and Growth

Posted on by Cliff Goodwin under Commercial Developments

After 18 months of arguments and a three-week planning inquiry, the Secretary of State has finally given the green light to a £50m retail and leisure development in  Northamptonshire. Allowing work to start on the Rushden complex, the Minister ruled... Read More

Property Fund closure wipes out Investments

Posted on by Cliff Goodwin under Business News

The international investment company Invesco has confirmed it is liquidating one of its property funds — effectively wiping out the investments of thousands of its clients. In a London Stock Exchange statement, the independent management company —... Read More

Australia’s NAB begins “substantial de-risking” of non-performing UK Portfolio

Posted on 30 July, 2014 by Cliff Goodwin under Commercial Sales and Lets

National Australia Bank (NAB) is refusing to confirm the price of a portfolio of non-performing UK loans — last valued at £625m — it is selling to an affiliate of private equity firm Cerberus Global Investors, but admits it will “make a small gain”... Read More

Poor Broadband Connectivity could leave the City in the Slow Lane warns Corporation Chief

Posted on by Neil Bird under Business News

The lack of affordable superfast broadband in the Square Mile is a block on growth says a City of London Corporation chief. Writing in City A.M. Mark Boleat, Chairman of the Corporation’s Policy and Resources Committee, warns there is a danger that... Read More

Custodian on £17m Acquisition Spree

Posted on by Cliff Goodwin under Commercial Sales and Lets

An acquisition hungry investment company has continued its acquisition spree by buying nine retail units for £17.4m — bringing its property spending since its March launch to almost £130m. Within days of opening its books Leicestershire-based... Read More

Council kick-starts Sheffield speculative Office Scheme

Posted on by Kirsten Kennedy under Commercial Developments

As take-up of commercial space continues to grow in regional locations, office space in particular is becoming more difficult to acquire as development remains slow to catch up with the pace of the market. However, Sheffield has this week taken the... Read More

Will Britain’s ‘convenience culture’ transform the High Street?

Posted on by Kirsten Kennedy under Business News

A new report by the Future High Streets Forum, in association with Southampton University, claims that Britain’s ‘convenience culture’ could prove to be the key to transforming struggling town centres. The report, called “one of the most... Read More