Monthly Archives: November 2013



HM the Queen Officially Opens One Angel Square

Posted on 14 November, 2013 by Neil Bird under Commercial Developments, Top Properties

Ceremony marks completion of first phase of NOMA development Her Majesty the Queen and the Duke of Edinburgh will visit Manchester today to officially open One Angel Square, the new home of the Co-operative Group. They will tour the property and meet some of... Read More

Barratts goes into Administration for a Third Time

Posted on 13 November, 2013 by MOVEHUT under Business News, Economy

Barratts, the high street shoe chain went into administration for the third time in four years on Remembrance Day. The appointed administrators, Duff & Phelps are looking at ways to either restructure the business or find a buyer. A buyer did show... Read More

Is the Government Exploiting New Mums to Boost the High Street?

Posted on by MOVEHUT under Business News

The government has announced a new scheme whereby people living in certain areas will be offered an incentive to breastfeed their new babies. For mothers living in St Augustine, Birdholme and Boythorpe in Chesterfield and certain parts of Sheffield,... Read More

Royal Exchange Sale Draws Closer

Posted on by Neil Bird under Commercial Sales and Lets, Top Properties

The owners of the Royal Exchange are believed to be close to completing the £80 million sale of the City landmark. Last month the Irish Bank Resolution Corporation (IBRC) appointed CBRE to advise on the sale of the historic building which is home to a... Read More

Employment Unlikely to Rise Significantly in Medium Term

Posted on by Kirsten Kennedy under Economy

As business confidence continues to rise amidst a favourable market, industry experts have voiced hopes that this boom in production will lead to further drops in the unemployment rate. However, a new study by the Chartered Institute of Personnel and... Read More

Cash Floods into Commercial Property as Investors Seek Safety

Posted on 12 November, 2013 by Jodee Redmond under Industry News, Worldwide Property News

Five years after the 2008 global financial crisis was started by the U.S. housing market collapse, the real estate market is on the upswing and is considered a safe haven by investors. With government bonds offering very little in the way of returns and... Read More

Ministers urged to consider Fuel Duty Holiday for Independents

Posted on by Kirsten Kennedy under Business News, Economy

The UK fuel industry is extremely lucrative, with thousands of motorists filling up their tanks around the country every day. Yet while small independent garages used to be the staple of the sector, they are increasingly being priced out by supermarkets... Read More

Market Report Reveals Shorter Leases and Rising Tenant Defaults

Posted on by Neil Bird under Industry News

A new market report shows commercial property tenants are benefitting from shortening lease lengths while rental defaults hit an all-time high. The research comes from IPD and covers a 12 month period to June 2013. Challenging market conditions have... Read More

Nissan Threatens Pullout if UK Votes for EU Exit

Posted on by Cliff Goodwin under Business News

Britain could suffer a landslide of lost jobs if the country votes to leave Europe, the head of the UK’s biggest car maker has warned. Nissan boss Carlos Ghosn, said he would need to “reconsider the strategy” of his Sunderland-based car plant if... Read More

Barclays to Trial Concessionary Banks in Asda Stores

Posted on 11 November, 2013 by Kirsten Kennedy under Business News

Bank branch closures have become something of a theme in the commercial property market of late, with many of the high street’s largest chains choosing to cut back on their property portfolio and focusing instead on improving online and mobile banking... Read More