So many properties have been listed on a recently launched internet auction site that the Dubai government has been forced to schedule two more virtual sales. The country’s eMart was unveiled last November and held its first sale of commercial and... Read More
Work is expected to start late this spring on a pioneering “customisable” office block in the heart of Manchester’s business district. Initially unveiled as a concept at MIPIM, the international real estate show, in 2012 the nine-storey Cotton... Read More
This time five years ago, the retail industry in the UK was shaken by the onslaught of Britain’s longest ever recession. One of the earliest casualties, still regarded as one of the most shocking administrations of recent years, was Woolworths, with the... Read More
Nigeria is now the most expensive country in sub-Saharan Africa to rent commercial office space, a new survey claims. The report, by Broll Property Services, says that businesses are now paying $37 a month for a square metre of Grade A office space in... Read More
Ireland’s National Asset Management Agency (NAMA) generated almost €6bn last year from rents and by selling off chunks of its vast property portfolio. Overtaken by controversy almost from the day it was created in 2010, the state’s so-called... Read More
Christmas tends to be a hugely successful time of year for both food and non-food retailers, with families preparing for the big day stocking up on gifts, food and drinks in order to make the most of the festive season. However, the news from some of the... Read More
Norway — which owns the world’s biggest state wealth fund — has bought a 45 per cent stake in the industrial and logistics company Prologis. The sovereign-wealth fund has paid $450m for a 45 per cent stake in the US-based company, leaving... Read More
The global commercial investment group CBRE is awaiting European Commission clearance for its £250m takeover of the British-based building services provider Norland. Norland — which employs 4,000 people across 14 offices and serves 300 existing... Read More
Decades of damaging property cycles which saw booms and busts are ending, thanks to proactive policymakers and more realistic valuations from the real estate industry, according to a top Bank of England official. Andrew Haldane, the executive director... Read More
It started — where else? — in America where Apple is building a “spaceship” office complex for its developers and designers and Google encourages its staff to scramble between floors using climbing walls. What started with basketball hoops and... Read More
