Monthly Archives: January 2015

Tesco issues Store Closure Hit List

Posted on 29 January, 2015 by Cliff Goodwin under Business News

Tesco's new chief executive, Dave Lewis, has named the 43 stores he is closing as the first phase of his campaign to turn the struggling supermarket around. It's expected at least 2,000 staff will lose their jobs. Already dubbed "Drastic" Dave Lewis by... Read More

Listed Status awarded to 14 Post-War Office Buildings

Posted on by Kirsten Kennedy under Top Properties

In a move likely to dismay as many as it pleases, 14 office buildings designed in the post-war era have been awarded Grade II listed status. The announcement was made yesterday, following an 18 month project by English Heritage, and includes office... Read More

Student Accommodation planned for Birmingham Industrial Estate

Posted on by Chris Grigorovsky under Commercial Developments

It has been reported that a former industrial estate in Selly Oak is to undergo a £10.75 million redevelopment, which will deliver brand new student accommodation. The project, which is scheduled to be opened by September 2015, was negotiated by North... Read More

Green Light given for Two Major Stockport Developments

Posted on by Kirsten Kennedy under Commercial Developments

As regional areas around the UK continue to benefit from the upturn in the economic recovery, local authorities are keen to capitalise on developer interest as a means of driving growth in their local economies. This has seen Stockport Council grant planning... Read More

Malaysian Property Group adds to London Portfolio

Posted on by Cliff Goodwin under Commercial Sales and Lets

Malaysia’s lifestyle property development group, Eastern & Oriental Bhd (E&O), has made its third foray into the London property market with the purchase of two offices buildings for £57m. Three years ago it paid Glasgow City Council... Read More

KWB seals Landmark Worcester Office Letting

Posted on 28 January, 2015 by Cliff Goodwin under Industry News

Specialist commercial agent KWB has completed what it claims is "the largest transaction for offices in Worcestershire for over a decade". Acting for M&G Real Estate, one of the world's largest property investors, the Birmingham-based consultancy... Read More

Waitrose Expansion to create 2000 Jobs

Posted on by Kirsten Kennedy under Business News

The John Lewis Partnership seems virtually untouchable in the new era of retailing, with both its self-titled department store chain and Waitrose supermarket subsidiary proving consistently popular with consumers. In fact, executives have this week announced... Read More

Construction Industry set for Five Years of Growth

Posted on by Kirsten Kennedy under Business News, Economy

A new report from the Construction Industry Training Board (CITB) predicts average annual industry growth of 2.9 per cent until 2019. As a result, the next five years will see construction firms grow exponentially, with the CITB forecasting the... Read More

Minister hints at more Asset Sales to Keep MoD “Fighting Fit”

Posted on by Cliff Goodwin under Commercial Sales and Lets

Less than six week after the sale of the historic Old War Office, the Ministry of Defence (MoD) has admitted it will need to sell off more property and land if it is to keep pace with Government savings. Although the department's finances are "in a... Read More

Songbird concedes defeat in Battle for Canary Wharf

Posted on by Neil Bird under Business News

Songbird Estates has conceded defeat in its battle to hold on to Canary Wharf, and reluctantly recommended that shareholders accept the offer from Canadian property investor Brookfield and Qatar’s sovereign wealth fund QIA. Today’s recommendation... Read More