Monthly Archives: January 2015

Retail Sector Administrations fall by 35 per cent

Posted on 12 January, 2015 by Chris Grigorovsky under Business News, Economy

According to research by the business advisory firm, Delloitte, the retail sector has seen a significant drop in companies going into administration. The information showed that only 119 retailers went under in 2014 compared to the previous year, which saw... Read More

Aldgate Developments secures £200m Refinancing Deal for City Office Tower

Posted on by Cliff Goodwin under Commercial Developments

Exactly two years after it secured multi-million backing for its 317,000 sq ft City of London office scheme Aldgate Developments has accepted a second cash injection. This time the US private equity firm Starwood Capital is investing £200m in the... Read More

Edinburgh Office Transactions hit Highest Level in a Decade

Posted on by Cliff Goodwin under Commercial Sales and Lets

Despite an investment wobble in the run up to the independence vote, Edinburgh office take up reached a decade-long high last year. Around 875,000 sq ft of office space was transacted through lettings and sales in the Scottish capital during 2014,... Read More

Property Partners plan Bristol Mall Redevelopment

Posted on 11 January, 2015 by Kirsten Kennedy under Commercial Developments

As consumers continue to channel additional spending into luxuries, retailers are keen to take up space in destinations which attract a high level of footfall. This has seen shopping centre owners invest heavily into growth and modernisation, with The Mall at... Read More

Bruntwood in negotiations over Former Manchester BBC Site

Posted on by Chris Grigorovsky under Commercial Sales and Lets

The former site of the BBC headquarters for the North West of England is the latest target of Manchester property group Bruntwood. This six acre Oxford Road plot was originally sold for £10m back in 2011 when the broadcasting company made the move to... Read More

Planned Redevelopment of Burton Octagon Shopping Centre Revealed

Posted on 10 January, 2015 by Kirsten Kennedy under Commercial Developments

Large retail developments are increasingly focusing upon attracting a wider range of retailers to benefit customers as the economic recovery continues to gather pace. At The Octagon shopping centre in Burton, the owners feel that this will be best achieved by... Read More

Regional Cities fail to match Tokyo in Japanese Commercial Property Market

Posted on by Jodee Redmond under Worldwide Property News

Under Prime Minister Shinzo Abe, Japan has seen an economic rebound, but the benefits being referred to as “Abenomics” appear to be benefitting Tokyo and not the outlying areas. For a time, as the Bank of Japan busily printed money and Abe spent... Read More

IM Properties pays £125m for Blythe Valley Park

Posted on 9 January, 2015 by Cliff Goodwin under Commercial Sales and Lets

After nearly four months of negotiations one of Britain's largest privately owned property companies has paid close to £125m for a distressed Midland's business park. IM Properties — which already owns several sites in the Solihull area — has now... Read More

Stunning Winter Lights Exhibition illuminates Canary Wharf

Posted on by Chris Grigorovsky under Top Properties

Throughout January, Canary Wharf will be playing host to a spectacular illuminated arts exhibition featuring a dazzling range of interactive sculptures, projections, digital art and lasers, all created by eleven internationally acclaimed artists. The... Read More

Store Closures looming at Fashion Retailer USC

Posted on by Kirsten Kennedy under Business News

Many retailers enjoyed a successful festive trading period with brands such as John Lewis, New Look and River Island all reporting an increase in profits for the six weeks to the beginning of January. However, fashion chains Bank and USC were less fortunate,... Read More