The government’s change of use legislation, which is due to come into effect in England on May 30, threatens to descend into chaos as a number of local authorities are believed to be consulting lawyers over their failure to secure exemption. As we... Read More
Last month it was announced that Britain has managed to avoid triple dip recession with a growth of 0.3 per cent in the economy. While this is positive news it does not necessarily mean that the troubles faced by businesses are over – in fact, figures... 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
Newcastle’s Eldon Square shopping centre is to undergo a major refurbishment as part of a nationwide drive by owners intu to broaden the experience offered to visitors. The company is planning to invest £1 billion over the next decade on its portfolio of... Read More
High street banking chains are faced with a difficult position at present – many face accusations of withholding lending from small businesses, while the Government is throwing substantial support behind building societies and alternate lenders in a bid to... Read More
Banks and insurance companies have launched a strategy to acquire office buildings in Hong Kong. Rents are rising, while the amount of available space is on the decline in the location where occupancy costs are the second-highest in the world. Canadian... Read More
English Heritage has published the results of a pilot project which will make it easier for landlords to make alterations to listed commercial buildings. The conservation body, which recently gave its blessing to controversial plans to redevelop London’s... Read More
Many small US companies and investors holding commercial properties are facing a financial crisis. Banks usually re-evaluate this type of mortgage loan at the five or 10-year term mark. They have the option of renewing it or asking the owner to pay it... Read More
Justice Secretary Chris Grayling has made the first step towards outlawing squatting in commercial property. Mr Grayling is understood to have written to MPs to discover the extent of the problem before deciding whether to bring the law in line with that... Read More
The British Retail Consortium (BRC) and KPMG Retail Sales Monitor has revealed a disappointing drop in April sales thanks to poor weather earlier in the month coupled with continuing economic uncertainty. Like for like sales during the month fell by 2.2 per... Read More
