Prologis — which recently posted a fourth-quarter profit of $61m — has confirmed its second UK industrial development in as many weeks. In January the San Francisco-based company announced it was adding an extra 262,500sq ft of logistics... Read More
The Welsh Economy Minister Edwina Hart has ordered a viability study into the setting up and operation of a development bank to support the country’s businesses. Edwina Hart AM A development bank for Wales was proposed in a review last year by the... Read More
A unique long range survey of Californian building trends has rated Silicon Valley as the most “optimistic” for office development. The twice-yearly report — compiled by law firm Allen Matkins and the University of California Los Angeles —... Read More
Office space in Central London continues to be in high demand. As a result property agent Carter Jonas predicts widespread rental growth as the supply begins to dwindle. Carter Jonas has forecast an average rental increase of between 5 per cent and 9... Read More
Sports Direct has become a powerhouse of the British retailing scene, in part, due to the acquisitions it has made. Now the chain appears to be looking further afield with founder Mike Ashley having spent the past weekend in Dublin. It is thought that he... Read More
Board face ‘massive challenge’ without commercial element concedes chairman The long-running Southbank Centre redevelopment saga took another – possibly final – twist today, when the arts venue announced it was putting its planning application on... Read More
The global recession, while presenting many challenges, also paved the way for alternative economies to compete on a global scale. In the tech sector this has allowed cities previously associated with other industries to emerge as leading contenders in the... Read More
Small British businesses are experiencing a change in fortunes this year, with overall conditions improving for the majority. Yet while the orders may be rolling in, one area remains of high concern to SMEs and larger firms alike – business... Read More
Dubai’s Tourism and Commerce Marketing agency has confirmed the cost of staging the World Expo 2020 event is expected to be at least £6.45bn. Planning work for the exposition — whose theme is “Connecting Minds, Creating the Future” — is already... Read More
Commercial property is, once again, seen as an attractive investment as the market continues to pick up and this week LondonMetric confirmed that it has acquired Superdrug’s Doncaster distribution centre in a £13 million deal. The retail group purchased... Read More
