Norway's sovereign wealth fund is planning to invest approximately $11 billion in the U.S. real estate market. The fund will eventually put a full five per cent of its assets into commercial property. Yngve Slyngstad, chief executive officer of... Read More
The leisure industry suffered greatly during the recession, with the Campaign for Real Ale (CAMRA) frequently raising concerns about the number of pub closures in the UK. Combined with rising taxes on alcohol, and the current proposals to introduce a 45 pence... Read More
With consumers still unwilling to spend on unnecessary luxuries, it is not just the retail industry feeling the pinch. During the recession, many people chose to remain in the UK and have a “staycation”, especially with the summer of sport in London... Read More
Charities and commercial property landlords in Wales will suffer if a proposed cut in business rates relief is approved by the Welsh Assembly - A recent review of the rating system suggests cutting relief on charity shops from 80 per cent to 50 per cent and... Read More
The makers of the famous black cab, The London Taxi Company (LTC) went into administration in October of this year. It was hoped that a buyer for the Coventry factory would be found, but as no one stepped forward the production line has been stopped,... Read More
Brazilian news outlets yesterday announced the death of Oscar Niemeyer, the architect whose vision helped to shape the urban landscape of the twentieth century. He died of respiratory failure in Rio de Janeiro on Wednesday aged 104. The futuristic and... Read More
The past few years have not been kind to the retail industry, with even the most popular high street brands beginning to show the strain of operating under financial pressure. While supermarkets and other stores which stock daily necessities have managed to... Read More
UK businesses and motorists were given a piece of good news yesterday, as Chancellor George Osborne announced the scrapping of a proposed fuel duty rise as part of his Autumn Statement. The hike in price was due to come into effect in January, and would have... Read More
For years now, Tesco has been a market leader in the UK but recently rival Sainsbury’s has made a bid for the retail giant’s crown, posting rising sales figures as Tesco sees customers jump ship for the first time in over a decade.Unfortunately, it seems... Read More
US commercial real estate investors are responding to higher risks by being more cautious about the amount of money they are borrowing. They are also being realistic about the returns they expect on investments. Buyers have benefitted from the Federal... Read More
