Monthly Archives: October 2012



Logistics Emerges as Attractive Asset Class

Posted on 8 October, 2012 by Neil Bird under Industry News

Logistics is emerging as a distinct and attractive commercial property asset class according to the Investment Property Databank (IPD). The IPD Pan-European Logistics Performance Report published last week shows that logistics property ranks second only to... Read More

Distressed Irish Commercial Properties to Hit Market

Posted on 7 October, 2012 by Jodee Redmond under Industry News

Receivers will be putting distressed properties worth €300m on the market soon. Developer Noel Smyth's Alburn Real Estate Capital will be offered within the next few weeks. These holdings alone have an estimated value of €147m.   Brian and... Read More

Foreign Investment Surging into London Property Market

Posted on by Jodee Redmond under Industry News

Property agent Knight Frank says London is becoming a magnet for foreign commercial property investors in spite of disappointing growth figures for the domestic economy. The company has stated that revenues have grown eight per cent to £334m in the year... Read More

Marks & Spencer Branches Out With Banking

Posted on by MOVEHUT under Business News

Marks & Spencer has recently announced plans to open 28 bank branches by the end of the year, as its first current accounts went live. The large enterprise, which has so far opened 13 bank branches out of 16 locations which have already been... Read More

More Cork Street Galleries Threatened by Developers

Posted on 6 October, 2012 by Neil Bird under Commercial Developments

In August Movehut reported that the future of seven commercial art galleries on Mayfair’s Cork Street was under threat from developers. Now it has emerged that a further four face being forced out by plans to redevelop a site on the opposite side of the... Read More

Profits Fall at Tesco for First Time in Twenty Years

Posted on by Kirsten Kennedy under Business News

Shoppers in the current economic climate will do anything for a bargain. Disposable income remains low, meaning that shopping for luxuries is a pastime few can afford. Of course, this is having a profound effect upon retailers, many of which are struggling to... Read More

Irish Commercial Property Outlook Positive

Posted on by Jodee Redmond under Worldwide Property News

Prospective investors who are interested in the Irish commercial property market are more positive than during the past five years, according to the National Asset Management Agency (NAMA) chief executive. Brendan McDonagh has said that the perception of the... Read More

Federal Reserve May Drive Investors to Commercial Real Estate

Posted on 5 October, 2012 by Jodee Redmond under Worldwide Property News

The U.S. Federal Reserve has decided to buy more mortgage-backed securities from Freddie Mac and Fannie Mae and this decision could have an impact on investors, as well as the housing market. The plan involves buying $40 billion in mortgage-backed securities... Read More

Motorists Sacrificing Social Lives due to High Fuel Costs

Posted on by Kirsten Kennedy under Economy

Petrol prices remain a contentious issue in the UK, with a nation of motorists becoming increasingly disturbed as fuel prices continue to rise. In fact, since the end of August, petrol prices have risen by 5 pence per litre while diesel costs have climbed by... Read More

Ocado Goes Head to Head with Tesco in Price Challenge

Posted on by Kirsten Kennedy under Business News

Everyone loves a bargain, especially in a time where money is tight. As a result, supermarkets in the UK are locked into competition with each other to beat rival prices in a bid to attract higher levels of custom to their stores... Read More