Monthly Archives: January 2015

Chesterfield to gain £400 million Leisure Resort

Posted on 20 January, 2015 by Kirsten Kennedy under Business News, Commercial Developments

Consumers have continued to up their spending on luxury items as the economy recovers which, along with the retail industry, has hugely benefited operators of leisure businesses across the country. This week, developer Birchall Estates has confirmed that... Read More

Is the Worst Over for the High Street?

Posted on by Kirsten Kennedy under Business News

During the recession, the overwhelming focus of the retail industry was directed towards the high street and the ensuing drop in occupancy levels that occurred after the financial crisis. However, although street teams such as the Portas Pilots continue to... Read More

Warrington Office Market exceeds Expectations

Posted on 19 January, 2015 by Jodee Redmond under Industry News

The Manchester Office Agents Forum (MOAF) has reported a total take-up of 439,000 sq ft in the Warrington area. There were a total of 102 transactions in 2014, representing a 16 per cent increase on 2013 figures and an overall increase of 11 per... Read More

City of London chief issues Office Shortage Warning

Posted on by Kirsten Kennedy under Industry News

Last week, London First released research showing that only half of the 50,000 new homes required each year to support the city’s growing population are being constructed. While chairman of the policy and resources committee of the City of London... Read More

NEC Group Sold to Private Equity Firm

Posted on by Chris Grigorovsky under Business News, Commercial Sales and Lets

LDC, which is part of Lloyds banking group, has acquired Birmingham’s NEC Group in a £307m deal, making it privately owned for the first time. The NEC Group includes the National Exhibition Centre, the International Convention Centre and the... Read More

St Paul’s signs Logistics Hub Joint Venture Agreement

Posted on by Cliff Goodwin under Commercial Developments

St Paul's Developments has been chosen to deliver a logistics and warehousing hub on a 44-acre "oven ready" site in South Yorkshire. Named as development partner by the Homes and Communities Agency (HCA), the Rotherham-based company is expected to... Read More

Sheffield Planners set to approve landmark Chinese Scheme

Posted on by Cliff Goodwin under Commercial Developments

Nine years after it was first suggested, Sheffield planners are expected to approve a £65m scheme to give the city its own Chinese commercial and social hub. A consortium of six Chinese investors settled on Sheffield — and decided to build  on a... Read More

Turnaround Programme brings joy to Mothercare

Posted on 18 January, 2015 by Kirsten Kennedy under Business News

During the recession, many specialist retailers were hit hard by the rising number of discounters which aimed to provide a wide variety of stock at low prices for consumers. One of the chains which struggled was undoubtedly Mothercare, yet there are now signs... Read More

Home Retail Group blames Store Closures for failure to meet Sales Forecast

Posted on by Kirsten Kennedy under Business News

Argos has been one of the largest turnaround successes on the high street in recent years, with store revamps and huge investment into services such as click and collect proving popular with consumers. However, the chain and its owner Home Retail Group’s... Read More

Indian Office Space Absorption Rate up 10 per cent in 2014

Posted on by Jodee Redmond under Worldwide Property News

Absorption of office space in India rose by close to 10 per cent in 2014 to over 33 million sq ft. This figure is indicative of confidence in the commercial property market, and the belief that growth is likely to continue this year, according to a report... Read More