Stoke-on-Trent City Council is preparing to market nine school sites, complete with planning permission, in order to raise money for its capital programme. Most of the schools are due to become redundant this summer when pupils and staff relocate to new... Read More
British Land, which posted its full year results this week, has placed its mainland European retail portfolio up for sale in order to concentrate on expanding its core UK interests. However chief executive, Chris Grigg, is not expecting the disposal to be a... Read More
According to the latest report from the group's administrator, there has been little demand for JJB Sport's leasehold property portfolio. Administrators from KPMG LLP sold 20 of the group's trading stores to its major rival Sports Direct when it was... Read More
Beacon Investment Properties working with Harel Insurance Investments & Financial Services Ltd. and Menora Mivtahim Insurance Ltd. in a joint venture, have bought a Class A office property in Minneapolis, Minnesota for just over a quarter of a billion... Read More
Budget hotel group Travelodge has found new operators or new franchisees for 38 of the 49 hotels it agreed to shed under the terms of its Company Voluntary Arrangement (CVA) and financial reformation. The company said that 18 of the hotels would move... Read More
The difficulties facing the pub trade have been well documented with CAMRA reporting that, on average, 16 pubs a week closed their doors in the second half of 2012. Although this figure is well down on that of 2009, when closures peaked at 52 a week, it is... Read More
Blackpool Central Hotel, part of Barnsley-based property company the Brook Group, is opening a brand new hotel in the seaside resort after agreeing to a franchise contract with Accor. Accor is regarded by many as the world’s leading hotel operator... Read More
Liverpool’s Clayton Square Shopping Centre has been sold to InfraRed Capital Partners by Land Securities. The 170,000 sq ft centre comprises 34 separate shop units, with existing tenants including popular high street names such as Boots, the Body Shop and... Read More
Campaigners who have fought to save a popular Chelsea pub from closure are toasting success this week after its future was finally secured. Last October we reported that owner Robert Bourne had submitted a planning application to convert the Phene Arms... Read More
Pacific Investment Management Co (PIMCO), which has $2 trillion under management, is now targeting direct commercial property investments and non-securitized loans. The company says that now that banks worldwide are making a move to offload some of their... Read More
