Monthly Archives: April 2013



HS2 Scales Down Euston Station Plans

Posted on 20 April, 2013 by Neil Bird under Commercial Developments

Plans to demolish and rebuild Euston Station as part of the HS2 project have been scaled down and the station will now be redeveloped instead. The latest proposal involves retaining most of the existing platforms, adding eleven new ones and building a new... Read More

Debenhams Plans High Street Expansion

Posted on 19 April, 2013 by Kirsten Kennedy under Business News

Department store Debenhams has announced plans for a major high street expansion despite reporting a fall in profits. In the six months to March, overall profits fell by 5.4 per cent to £120.3 million. Heavily contributing to this issue was a 10 per... Read More

Japanese Bank Announces Acquisition of US Real Estate Loans

Posted on by Jodee Redmond under Worldwide Property News

Mitsubishi UFJ Financial Group (MUFG) has bought a U.S. commercial loan portfolio from Deutsche Bank with a value of $3.7 billion (£2.4 billion). The deal will move the Japanese bank from being the 17th largest real estate lender to ninth place in the... Read More

Duke of Westminster Turns Down Grosvenor Estate Dividend

Posted on by Neil Bird under Industry News

The Duke of Westminster has turned down a dividend for the second year in succession according to the latest accounts from the Grosvenor Estate. The Duke, whose wealth is estimated at £7.5 billion in the Sunday Times Rich List, last accepted a pay-out in... Read More

Young People Handed a Tenner to Start a Business

Posted on by MOVEHUT under Business News

A scheme by which thousands of children from across Britain are each given £10 to start a business has been re-established with the backing of the Government and entrepreneurs including Innocent Drinks co-founder Richard Reed. The Tenner Initiative,... Read More

Aurora Fashions Seeking Rent Concessions from Commercial Landlords

Posted on 18 April, 2013 by Kirsten Kennedy under Business News

Aurora Fashions has announced that it is currently negotiating with landlords in an attempt to reduce the cost of renting stores to house its subsidiary chains. The group, which owns brands such as Oasis, Coast and Warehouse, has warned that if no deal can be... Read More

Commercial Developments Continue to Thrive in Corby

Posted on by MOVEHUT under Commercial Developments

Corby has seen dramatic changes over the past few years with developments popping up all over the Northamptonshire town. According to research conducted by Prop-Search, a commercial property agent, the town is one of the fastest growing in the whole... Read More

Idaho Real Estate Execs Indicted on Fraud Charges

Posted on by Jodee Redmond under Worldwide Property News

The former president and three executives of a failed Boise real estate company are facing fraud charges. Douglas L. Swenson, the founder and president of DBSI Inc, and a group of other companies, and three executives have all been indicted. Boise,... Read More

Fans Urged to Stop Filming Gigs

Posted on by Kirsten Kennedy under Business News

Indie band the Yeah Yeah Yeahs have made history by asking fans at a recent gig in New York to resist filming songs from their set on smartphones. The crowd in Webster Hall were encouraged to take photographs as the band powered through the gig, yet it was... Read More

London Commercial Property Boom Continues

Posted on 17 April, 2013 by Kirsten Kennedy under Industry News

The first quarter of 2013 has yielded some excellent property deals in the UK’s capital city, proving beyond doubt that London is still one of the prime markets for businesses to locate to in Europe. With a strong financial sector, a booming tourism... Read More