Monthly Archives: October 2015



New Link Road expected to boost South Bristol Commercial Property Market

New-Link-Road-expected-to-boost-South-Bristol-Commercial-Property-Market
Posted on 17 October, 2015 by Cliff Goodwin under Industry News

The completion of a Bristol link road is expected to give a boost to previously hard-to-get-to parts of the city, one of the region’s leading commercial agents has claimed. Scheduled to open in just under a year, the south Bristol link road —... Read More

Scottish Councils given Power to cut Business Rates

Scottish councils given power to cut business rates
Posted on 16 October, 2015 by Neil Bird under Business News

Scotland’s 32 local authorities are to be given the power to cut business rates to boost economic activity and encourage commercial property investment. The official announcement is expected to come from Deputy First Minister John Swinney in his... Read More

Credit Deal gives Atrium €150m Retail War Chest

Credit deal gives atrium 150m retail war chest
Posted on by Cliff Goodwin under Industry News

Atrium European Real Estate, the central and eastern European shopping centre developer and operator, has signed a €125 (£93.5m) refinancing deal. The five-year unsecured arrangement — made up of €100m (£75m) in new credit together with the... Read More

High Street Closures fall to Five Year Low

High street closures fall to five year low
Posted on by Kirsten Kennedy under Business News

During the past year, the High Street recovery has taken huge steps, with the first half of 2015 seeing shop closures fall to their lowest level in five years according to a new report by PwC and the Local Data Company (LDC). However, rather than this being... Read More

Partnership plans High Profile East Midlands Scheme

Partnership-plans-High-Profile-East-Midlands-Scheme
Posted on 15 October, 2015 by Cliff Goodwin under Commercial Developments

Litton Property Group is joining forces with motorway service station operator Moto Hospitality to develop a high profile M1 site close to East Midlands Airport. An image of how EM Point could look The scheme — to be jointly handled by commercial... Read More

Bumper Year Triggers Raft of New Deals at Royal Victoria Place

Bumper-Year-Triggers-Raft-of-New-Deals-at-Royal-Victoria-Place
Posted on by Neil Bird under Commercial Sales and Lets

Hermes Investment Management has completed the signing of five new tenants at its 300,000 sq ft Royal Victoria Place (RVP) shopping centre in Tunbridge Wells. The new lettings follow a highly successful year for RVP, which has recorded twelve months of... Read More

Tesco sells 14 Development Sites to Meyer Bergman for £250m

Tesco-sells-14-Development-Sites-to-Meyer-Bergman-for-250m
Posted on by Kirsten Kennedy under Commercial Sales and Lets

Tesco has agreed to sell a number of mothballed development sites to privately held real estate investment management firm Meyer Bergman. The deal saw Tesco’s property development arm Spenhill offload a total of fourteen sites across London, the South East... Read More

Christmas Rush has started for Shopping Centre Investors

Christmas rush has started for shopping centre investors
Posted on by Cliff Goodwin under Commercial Sales and Lets

Savills is predicting a near-record level of investment in British shopping centres for the final three months of this year. The international real estate advisor claims that the 2015 transaction tally could well match last year’s £6.4bn. The firm... Read More

Property Specialists Comment on the Government’s Latest PDR Move

Property specialists comment on the governments latest PDR move
Posted on by Kirsten Kennedy under Industry News

This week the government has  confirmed that Permitted Development Rights (PDR), allowing the conversion of office space to residential use without full planning permission, will no longer expire on the 30th of May 2016 but are here to stay. Here two... Read More

Pricoa Mortgage Capital provides £181.5 million Refinancing for 99 Bishopsgate

Pricoa mortgage capital provides £181.5 million refinancing for 99 bishopsgate
Posted on 14 October, 2015 by Neil Bird under Business News

Pricoa Mortgage Capital has closed a £181.5 million refinancing deal for the City of London office tower 99 Bishopsgate. The ten-year fixed rate loan is secured by the 340,000 sq ft, 26-storey building, and was completed over the summer. 99... Read More