Tag: UK

Thousand Jobs at Risk as Austin Reed Set to Close All Stores

Thousand jobs at risk as Austin Reed set to close all stores
Posted on 2 June, 2016 by Chris Grigorovsky under Business News, Economy

High street retail has taken another hit, as this week saw administrators announce that menswear clothing brand, Austin Reed, is set to close all 120 of its stores, putting 1,000 jobs at risk. The 116-year-old retailer is set to wind-down as there were... Read More

Northern Ireland has Highest Retail Warehouse Vacancies in UK

Northern Ireland has highest retail warehouse vacancies in UK
Posted on 30 May, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

New research from Trevor Wood Associates found that at the end of 2015, Northern Ireland’s retail warehouse vacancy rate was at 11.9%, the highest in the UK. “The Definitive Guide to Retail & Leisure Parks 2016”, which was released on Wednesday,... Read More

Tata Steel’s UK Business Gets One Step Closer to Finding New Owner

Tata steel's UK business gets one step closer to finding new owner
Posted on 23 May, 2016 by Chris Grigorovsky under Business News

The board of Tata Steel Europe has announced it has advanced seven expressions of interest for its UK business to the next stage of the sale process. It is known that Tata Steel Europe’s primary intention is to ensure that the interested parties are... Read More

Over 800 HSBC Jobs Cut as Birmingham Move Gets Ever Closer

HSBC launches £10 billion lending fund
Posted on 17 May, 2016 by Chris Grigorovsky under Business News, Economy

With HSBC set to make Birmingham the home of its UK retail services, it has since begun laying off 840 of its IT staff. The first phase of restructuring, which aims to cut 8,000 jobs in the UK by the end of 2017, will see Sheffield suffer the most,... Read More

St Modwen Sells Birmingham Office Trio for £7.3m

Birmingham office market take up surpasses record
Posted on 9 May, 2016 by Chris Grigorovsky under Commercial Sales and Lets, Industry News

A collection of three Birmingham offices has been sold by St Modwen to an unnamed UK fund manager for £7.3 million. Situated on the St Modwen owned 18-acre Quinton Business Park, the self-contained offices total more than 50,000 sq ft. Senior... Read More

UK High Street Takes Biggest Hit in April Since 2008

Uk high street takes biggest hit in April since 2008
Posted on 6 May, 2016 by Chris Grigorovsky under Business News, Economy

As long standing retailers BHS and Austin Reed entered into administration, the UK high street experienced its worst month since November 2008, according to BDO. High street retailers recorded a 6.1% fall year-on-year in April, with the fashion sector... Read More

Regional High Street Investment Down in Q1 2016 but Outlook Still Positive

Regional high street investment down in q1 2016
Posted on 4 May, 2016 by Chris Grigorovsky under Business News, Economy, Industry News

New figures from Cushman & Wakefield have revealed investment in UK regional high street retail assets was down by 10% on last year. This however has not tarnished overall performance of the sector in Q1, as a total of 44 assets were transacted at a... Read More

Are Signs of Improved Rental Growth Starting to Emerge?

Are signs of improved rental growth starting to emerge
Posted on 29 April, 2016 by Chris Grigorovsky under Industry News

A combination of improved letting activity and taking surplus stock out to market has started to show signs of rental growth in some locations and sectors, according to commercial property agent, Prop-Search. One of the main factors to these findings... Read More

Top Economists Back Brexit

Brexit what does it mean for the commercial property sector
Posted on 28 April, 2016 by Chris Grigorovsky under Economy

Following several warnings from organisations about the UK leaving the EU, including IMF and OECD, a collection of eight influential economists who are in support of the Brexit, have claimed that the economy would be better off, with a boost of... Read More

UK Retail Warehouse Market sees Better Occupier Demand

UK retail warehouse market sees better occupier demand
Posted on 26 April, 2016 by Chris Grigorovsky under Industry News

Better occupier demand in UK retail warehouses has resulted in the lowest level of vacant space on UK retail parks since 2006, according to a report by Colliers International. The Heading out of Town report found that investment volumes in retail... Read More