Monthly Archives: August 2014



Newry Business Leaders demand Review of Retail Hub Decision

Posted on 26 August, 2014 by Cliff Goodwin under Commercial Developments

Retailers and business leaders in a Northern Ireland city are demanding a judicial review of a  decision to allow a superstore less than two miles from a thriving high street. Newry Chamber of Commerce and Trade had pressed for a public inquiry into... Read More

Business Campus plans for Cold War Airbase unveiled

Posted on by Cliff Goodwin under Commercial Developments

A multi-million pound plan to transform a former NATO airbase into a business campus could create as many as 8,000 new jobs, its developer has claimed. Urban and Civic, owners of the disused RAF and USAF airfield at Alconbury has already received... Read More

Euro-Cash funding for Teesside High-Tech Incubator

Posted on 25 August, 2014 by Cliff Goodwin under Commercial Developments

A state-of-the-art project to make Teesside one of country’s “digital business capitals” is being extended after receiving more than £4m in British and European grants. The Boho Five building at Middlehaven is the latest addition to... Read More

Fairmont St Andrews Hotel sold for £32m

Posted on by Cliff Goodwin under Commercial Sales and Lets

Less than 10 months before the Open Championship returns to the “Home of Golf” one of St Andrews’ most prestigious hotels has changed hands for more than £32m. Earlier this year the 209-room Fairmont Hotel was offered for sale at £37m with... Read More

Grant secures Flagship Development for Muse

Posted on 24 August, 2014 by Cliff Goodwin under Commercial Developments

A £2.5m local authority sponsored grant has kick-started the construction of a 110-acre Yorkshire distribution and manufacturing development. Leeds City Council brokered the financing deal — with cash from the Government’s Building Foundations for... Read More

German Fund wins Bidding War for Landmark Auckland Tower

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

A German investment fund has paid £74m for Auckland's landmark Lumley Centre office block in what is claimed to be New Zealand’s biggest commercial deal for more than six years. One of only five premium office towers in the North Island city, the... Read More

Birmingham Selfridges introduces “Incredible” Window Displays

Posted on 23 August, 2014 by Kirsten Kennedy under Top Properties

The Selfridges store on Oxford Street in London has become a landmark with its window displays a major factor in its appeal. Now, its sister store in Birmingham is aiming to emulate this distinguishing aspect, having installed curved glass displays at the... Read More

Cape Town Granary Building to be leased to Tutu Foundation

Posted on by Jodee Redmond under Worldwide Property News

The City of Cape Town has announced that it is considering offering the Desmond & Leah Tutu Legacy Foundation a long-term lease on The Granary. The building, which was built in 1812, is one of the oldest and most important historical structures in the... Read More

San Francisco Rental Values set to surpass Manhattan

Posted on by Cliff Goodwin under Worldwide Property News

A surge in west coast leasing by high-tech companies looks set to make San Francisco the most expensive US office location. According to brokers CBRE, it will be the first time in more than a decade that Manhattan has lost its number one spot as America’s... Read More

Mamas & Papas seeks Rent Cut under controversial CVA

Posted on 22 August, 2014 by Kirsten Kennedy under Business News

Although consumers are starting to spend once more, some retailers are continuing to struggle to achieve targets and free themselves of debt. One such retailer is upmarket maternity, pram and babywear specialist Mamas & Papas, which has now announced it... Read More