Monthly Archives: February 2014



Landlords warned to Beware of Drug Gangs taking advantage of the Rental Market

Posted on 4 February, 2014 by Neil Bird under Industry News

Commercial landlords are being warned to beware of the risk posed by drug gangs renting properties for the cultivation of cannabis. The damage caused by cannabis farming tenants can be extensive, warns David Robbins Earlier this month, a man was jailed... Read More

Surveyors Report Increasing Demand for Scottish Commercial Property

Posted on by Cliff Goodwin under Industry News

The number of Scottish business looking for premises continued to rise during the final quarter of 2013, a Royal Institution of Chartered Surveyors (RICS) survey has shown. Increasing optimism about the economy and a greater willingness to lend by the... Read More

Councils call for Greater Powers to limit Betting Shop Openings

Posted on by Kirsten Kennedy under Business News

During the financial crisis, and throughout the resulting recession, many small businesses on the high street were forced to close as a result of falling footfall and low consumer spending. This led to a rise in commercial property vacancy rates, which was... Read More

Commercial Lease Lengths at Historic Low

Posted on by Cliff Goodwin under Industry News

With commercial landlords forced to offer greater incentives to attract tenants during the financial crisis, lease lengths have fallen to an historic low Prop-Search reports. Prop-Search surveyor Samantha Jones More than 80 per cent of leases signed in... Read More

Overseas Investment continues to fuel Dublin Revival

Posted on by Cliff Goodwin under Worldwide Property News

Dublin is facing an invasion of international businesses and retail chains pushing rents to record highs and forcing a fresh wave of office developments. According to the commercial property consultancy, CBRE Ireland, prime office rents in Dublin 2 and 4... Read More

Going Underground -Tesco and Waitrose follow Asda in Tube Venture

Posted on 3 February, 2014 by Kirsten Kennedy under Business News

The rise of click and collect shopping has revolutionised the retail industry, with a growing number of grocery retailers in particular seeking new ways to aid their customers in juggling the weekly shop around their busy lifestyles. Recently, Asda trialled... Read More

Government Cash Boost for Gosport Enterprise Zone

Posted on by Cliff Goodwin under Commercial Developments

The government’s enterprise zone funding is going to good use in Hampshire where a £7m infrastructure grant has underpinned the redevelopment of a former Royal Navy air station. The money — awarded by the Department for Communities and Local Government... Read More

Scottish Retail Sales outperform UK Average in Mixed Bag of Results

Posted on by Kirsten Kennedy under Economy

Although the economy has largely picked up and allowed industries such as manufacturing and retail to flourish, certain regions of the UK have continued to underperform due to weaknesses in the local economy. Yet it appears that the final quarter of 2013... Read More

Leicester Square Hotel Scheme faces Opposition

Posted on by Neil Bird under Commercial Developments

A plan to build a ten-storey hotel and cinema complex in Leicester Square faces opposition from heritage groups and the Greater London Authority (GLA). The developers say the proposal, which was approved by a single vote by Westminster council, will bring... Read More

Uncertainty over Belfast Area Plan as Deadline Passes

Posted on by Cliff Goodwin under Commercial Developments

A month after the expiry of a Government deadline Northern Ireland ministers have still not been able to agree on a development blueprint for greater Belfast. The Belfast Metropolitan Area Plan (BMAP) — which aims to boost economic growth, development and... Read More