GVA — the UK’s largest independent commercial property consultancy — has sold one of B&Q’s biggest outlets to an overseas investor for £20m. The agent was appointed to market the home improvement site at White Rose Way last September and... Read More
So many properties have been listed on a recently launched internet auction site that the Dubai government has been forced to schedule two more virtual sales. The country’s eMart was unveiled last November and held its first sale of commercial and... Read More
Ireland’s National Asset Management Agency (NAMA) generated almost €6bn last year from rents and by selling off chunks of its vast property portfolio. Overtaken by controversy almost from the day it was created in 2010, the state’s so-called... Read More
The Spanish billionaire, Amancio Ortega, is reported to have purchased an office building in the heart of London’s West End for £410m. Madrid's Torre Picasso is among Ortega's property portfolio Although information about the deal is scarce,... Read More
The hospitality arm of London-based property company Dominvs Group has unveiled plans to build three hotels north of the border. Founded in 2011 by Sukhpal Singh Ahluwalia, the millionaire entrepreneur behind Euro Car Parts, Dominvs intends to build... Read More
With the uplift in consumer confidence first seen early last year continuing to build in momentum, investors are increasingly choosing to channel funds into developments which encourage large scale spending. At the forefront of this commercial property boom... Read More
Commercial property investment in London hit £19.9bn in 2013, representing a six-year high, according to figures released on January 2 by Cushman & Wakefield. Investment was up by 47 per cent on 2012 levels, although it remains below the... Read More
Australian commercial property sales hit the $17 billion mark in 2013. This figure includes retail, offices, industrial and hotel assets and compares to the record levels set in 2012 of $20.6 billion. Furthermore, early indications point to 2014 being another... Read More
A rash of high-value commercial transactions has confirmed New Zealand’s emergence from the global property downturn with total sales for 2013 at a six year high. “The recovery is being reflected across all sectors of our business. The market is... Read More
Ireland’s tourism and hospitality industries are reflecting the country’s financial upturn with more than £116m worth of hotel deals either sealed or underway. Within the past few months sales have been agreed on 15 hotels, together worth €96m ,... Read More
