Monthly Archives: January 2015

Mercedes-Benz USA relocates from New Jersey to Atlanta

Posted on 17 January, 2015 by Jodee Redmond under Business News, Worldwide Property News

Citing a desire to better serve its customer base and strengthen the company’s position for long-term growth, Mercedes-Benz USA has announced that it will move its US headquarters from its current location in New Jersey to Atlanta. The company plans... Read More

Birmingham named in List of Top 20 Business Travel Destinations

Posted on by Cliff Goodwin under Business News

Just weeks after it was named as one of the top ten world cities to visit in 2015, Birmingham has displaced Berlin to be included in a list of Europe's leading business travel destinations. Last month Rough Guides claimed the Midlands' city was among... Read More

International Investors prefer New York to London says Survey

Posted on by Jodee Redmond under Worldwide Property News

New York City has  emerged as the top spot among global commercial real estate investors pushing London into second place. The vast majority (more than 90 per cent) of respondents to a survey conducted by the Association of Foreign Investors in Real... Read More

Central London construction costs most expensive in the World says Report

Posted on 16 January, 2015 by Chris Grigorovsky under Commercial Developments

According to the 2014 International Construction Costs Report, the cost of construction within Central London is the highest in the world. Construction consultant Arcadis has compared building costs in a total of 43 countries and discovered that the... Read More

KSL invites offers on Malmaison and Hotel du Vin Chains

Posted on by Cliff Goodwin under Business News

American private equity firm, KSL Capital Partners, has reportedly set a 30-day deadline for offers on its Malmaison and Hotel du Vin portfolio — less than two years after it paid £200m for the chain of 29 hotels. Acquiring the business in 2013 from the... Read More

Birmingham trumps London in PwC Property Investment Report

Posted on by Kirsten Kennedy under Commercial Sales and Lets, Industry News

With commercial property investors increasingly turning to the regional markets, Birmingham is attracting considerable interest. According to a new report by PwC, this will see the city overtake London as the most attractive location for property investment... Read More

Work to start at Alderley Park BioHub by December

Posted on by Cliff Goodwin under Commercial Developments

Planners have rubber-stamped the master plan for a new £107m bioscience hub at AstraZeneca’s former Alderley Park site in Cheshire.  It's claimed the scheme could create as many as 7,000 jobs. Last year the pharmaceutical giant confirmed it was... Read More

High-Tech Refurb key to lettings rush at Monkspath Business Park

Posted on by Cliff Goodwin under Top Properties

A high-tech refurbishment that included the installation of fibre optic broadband has prompted a rush of lettings at a West Midlands industrial park. Of 11 vacant units on Solihull’s Monkspath Business Park, ten — totalling more than 116,520 sq ft of... Read More

Activity in M42 out-of-town Office Market almost doubles

Posted on by Chris Grigorovsky under Industry News

According to research conducted by property consultancy GVA, the M42 corridor out-of-town office market saw a significant upswing in activity last year, with a total of 420,00 sq ft of deals being made. This is nearly double 2013's total of 224,395 sq... Read More

Property Experts voice fears over Bubble in Commercial Market

Posted on 15 January, 2015 by Kirsten Kennedy under Commercial Sales and Lets, Industry News

With global commercial property transactions reported to be at record levels, many industry experts are now concerned that the current frenzy of investment will lead to a “bubble” if prices continue to rise. According to the annual survey of... Read More