Monthly Archives: September 2014

Warm Weather hits Sales at Next

Posted on 30 September, 2014 by Kirsten Kennedy under Business News

Although clothing retailer Next has managed to forge ahead of key rival Marks & Spencer for the first time in history, its most recent sales report has failed to live up to expectations. The unseasonably warm weather during September has seen... Read More

British Land announces £40m Drake Circus Leisure Scheme

Posted on by Neil Bird under Commercial Developments

British Land has revealed details of an agreement with Plymouth City Council to complete a £40m leisure development adjacent to its Drake Circus Shopping Centre. The 100,000 sq ft scheme, on the site of the current coach station, will include a 12... Read More

Allianz Moves into Irish Property Market

Posted on by Cliff Goodwin under Business News

As confidence in the Irish property market continues to grow the German insurance giant Allianz has confirmed it is investing €140m (£109m) in Irish investment vehicle IPUT. In the Munich-based firm’s first venture into the Irish commercial... Read More

Norway Leaps into Top Ranks of Foreign U.S. Commercial R.E. Buyers – Second Only to Canada

Image of norwegian city of Alesund during twilight blue hour.
Posted on by Jodee Redmond under Industry News

Norwegian commercial real estate investors have joined the ranks of foreign U.S. commercial real estate buyers in the wake of its sovereign fund making acquisitions from New York to San Francisco. According to research firm Real Capital Analytics Inc. and... Read More

Property Professionals Commit to MIPIM UK

Posted on by Cliff Goodwin under Industry News

More than 3,000 property professionals hoping to corner or close deals will gather in London next month for the first MIPIM event to be held in the UK. The three-day inaugural exhibition — modelled on the international MIPIM conference held annually... Read More

RBS and NatWest introduce Business Accelerator Hubs

Posted on by Kirsten Kennedy under Business News

In the aftermath of the recession, high street banks were widely criticised for failing to provide adequate levels of financing to SMEs, causing many to look elsewhere for business loans. However, under a new initiative launched by RBS and NatWest, start-ups... Read More

Former Pizza Express Owner snaps up Restaurant Chain

Posted on 29 September, 2014 by Kirsten Kennedy under Business News

When Hugh Osmond, along with entrepreneur Luke Johnson, purchased the Pizza Express chain in 1993 for £18 million, he ushered in an era which would see the Italian restaurant brand float on the stock market and expand its commercial property portfolio to 367... Read More

North East Developer aims to expand beyond Heartland

Posted on by Cliff Goodwin under Business News

A County Durham developer is setting its sights on expansion after seeing its profits rise from £600,000 to more than three-million pounds. The Esh Group — which employs 1,100 staff across its offices in Durham City, Carlisle, Kendal and Earlston in... Read More

Aldi joins Supermarket Price War amid Expansion Plans

Posted on by Kirsten Kennedy under Business News

The supermarket price war has been underway for some time as the Big Four attempt to protect their share of the market. However, in an interesting turn of events, it seems that the discounters are now stepping up the challenge with Aldi revealing it will... Read More

Another Tenant confirmed at Four World Trade Center

Posted on by Jodee Redmond under Worldwide Property News

Morningstar Inc. is preparing to move its New York City office to 4 World Trade Center. The company has signed a 10-year, 30,000 sq ft lease and will move to its new office space on the 48th floor in mid-2015, according to Silverstein... Read More