Monthly Archives: January 2015

Pubs to be offered Greater Protection under New Law

Posted on 28 January, 2015 by Kirsten Kennedy under Business News

Despite the fact that consumers are now spending more than at any point since the financial crisis, the local pub remains under threat, with many of those forced to close in the past year being turned into convenience stores or discount units. However, a new... Read More

British Land reports Strong Occupational Performance and Development Progress

Posted on 27 January, 2015 by Neil Bird under Business News

British Land has today (27th January) published its Q3 2014/15 trading statement, showing another good performance from the company. In the period to 31st December 2014, British Land completed 269,000 sq ft of retail lettings and renewals and 168,000... Read More

Bruntwood acquires key Birmingham Asset in ‘Standout Year’

Posted on by Chris Grigorovsky under Commercial Sales and Lets

Property investor and developer Bruntwood, has purchased the former head office of KPMG, for an amount rumoured to be around £10 million. The acquisition of Two Cornwall Street was mentioned in Bruntwood's 2014 annual results, which boasts an impressive... Read More

Silverstone to oversee Morpeth Co-op Store Construction

Posted on by Cliff Goodwin under Commercial Developments

A consortium of Northumberland businessmen has hired Newcastle-based Silverstone Building Consultancy to project manage the construction of a new convenience store within the county. Work on the 4,000 sq ft retail unit at Pegswood, near Morpeth, has... Read More

Opus North set for Record Year with £80m Development Pipeline

Posted on by Cliff Goodwin under Commercial Developments

One of Yorkshire's most active property companies has revealed that it has more than £80m worth of office, retail and industrial projects across the north of England and Wales in its development pipeline. After an "excellent" 2014, Ilkley-based Opus... Read More

Coventry City Council to place “outdated” Shopping Centre on the Market

Posted on by Kirsten Kennedy under Commercial Sales and Lets

As councils nationwide continue to cut costs as a means of patching lowered budgets, developers are increasingly able to capitalise upon a growing supply of commercial assets appearing on the market. In Coventry, the city council has now confirmed that it... Read More

Foyles confirmed as latest Retail Tenant for Birmingham Grand Central

Posted on by Kirsten Kennedy under Top Properties

Space within the upcoming Grand Central Birmingham shopping centre is quickly filling up, with the development expected to bring a significant boost to the city centre when it opens later this year. The latest retailer to bag a unit is Foyles, with the... Read More

British Land’s Broadgate fully let following WeWork deal

Posted on 26 January, 2015 by Neil Bird under Top Properties

The office element of British Land’s Broadgate estate is fully let following a lease agreement with global collaborative workspace providers WeWork. WeWork is taking a 15 year lease on the bottom four floors and the ninth floor at 199 Bishopsgate,... Read More

Property Portfolio could be Most Valuable Asset in BHS Sale

Posted on by Kirsten Kennedy under Business News

As international investment in the UK continues to grow, many retail groups are seizing upon the opportunity to offload loss making brands as a means of improving the overall performance of their assets. This is the case for the Arcadia group, which has this... Read More

Lend Lease wins £75m Hammersmith Office Contract

Posted on by Cliff Goodwin under Commercial Developments

Australian construction company Lend Lease has outbid a trio of competitors to secure a £75m west London office contract for Legal & General Property (L&G). The 350,000 sq ft mixed-use development on Hammersmith Road is the third multi-million... Read More