Monthly Archives: February 2014



Warrington Office Market Deals Increase by Nearly a Third

Posted on 11 February, 2014 by Jodee Redmond under Industry News

Take-up in the Warrington office market has increased by 29 per cent with a total of over 395,000 sq ft let during 2013. Birchwood Park, Warrington The two most noteworthy transactions for the year were the letting of The Point in Birchwood, and the... Read More

UK Shop Vacancy Rate hits Four Year Low

Posted on by Kirsten Kennedy under Business News, Industry News

But significant regional variations persist The high street faced its fair share of problems during the recession contributing to the number of vacant town centre properties. However, since the economy began to pick up last year there has been an upturn in... Read More

In-site on Property Trail with £2m War Chest

Posted on by Cliff Goodwin under Commercial Sales and Lets

In-site Property Solutions — which specialises in flexible leases for small and start-up businesses — has confirmed it has £2m to spend on new commercial properties. The Leeds-based company already owns and manages more than one-million square feet of... Read More

Hermes unveils The Pearl after £3m Refurbishment

Posted on 10 February, 2014 by Cliff Goodwin under Top Properties

One of Newcastle’s 1960s white elephant office blocks has been refurbishment and rebranded as a prestige business hub. Originally built as Pearl Assurance House, and used as the insurance company’s Tyneside headquarters, the concrete-clad building stood... Read More

Clyde Gateway devalues its Assets by £45m

Posted on by Cliff Goodwin under Commercial Developments

Less than three months after it received more than £8m in extra funding, the Clyde Gateway agency — Scotland’s biggest and most ambitious regeneration programme — has written off £45m from its property assets. In November the agency, which has... Read More

Intu sets its sights on two more Shopping Centres

Posted on by Cliff Goodwin under Commercial Sales and Lets

Intu Properties — which has interests in more than 15 UK retail complexes — has confirmed it is in talks to buy Westfield’s Derby shopping centre. It also wants to acquire Westfield’s half-share in Merry Hill in Dudley. If the both negotiations are... Read More

Key Funding in Place for Abbey Wood Development

Posted on by Cliff Goodwin under Commercial Developments

Canada Life has agreed to invest more than £38m in the first phase of London’s Abbey Wood regeneration project. Secured after a joint approach by Berkshire Investment Capital and Development Securities the money will be dedicated to the Cross Quarter area... Read More

UAE Commercial Real Estate Market Leading Way in Global Recovery

Posted on by Jodee Redmond under Worldwide Property News

The UAE's commercial proprty market is performing so well that it is leading the way in the global recovery in the midst of an "improving macro climate" according to the most recent RICS Global Commercial Property Market Monitor. Growth indicators are... Read More

Bombardier Crossrail Project to Create 1000 Jobs

Posted on 9 February, 2014 by Kirsten Kennedy under Business News

This week it was announced that Bombardier had been awarded a contract to supply trains for London Crossrail. The £1 billion contract, awarded by the Department for Transport (DfT) and Transport for London, will see the manufacturing firm supply and... Read More

Ministers call for simplification of Plastic Bag Tax in England

Posted on by Kirsten Kennedy under Business News

The plastic bag tax which has already been implemented in Wales and Ireland is due to come into effect in England following the general election in 2015. With the majority of ministers behind the plan in principle, it is hoped that it will further contribute... Read More