Monthly Archives: May 2014



New Store Openings boost Sales at Poundland

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

Discount brands are continuing to enjoy a boom in sales despite the end of the recession bringing with it increases in disposable income and a drop in inflation. This has seen brands such as Aldi, Lidl and Poundland invest in new store openings throughout the... Read More

Edgbaston Medical Quarter growth contributes to Record Start to Year for Calthorpe

Posted on by Cliff Goodwin under Industry News

A Midland’s property and development company has reported a record start to 2014 with lettings and commercial take-up back to pre-recessions levels. So far this year Birmingham-based Calthorpe Estates has secured more new tenants than any first... Read More

JD Wetherspoon targets Further Outlets as Sales Rise

Posted on by Kirsten Kennedy under Business News

Although the recession is over and consumers are able to spend more freely as a result of improvements in wage growth, the pub industry continues to struggle with closures reported every week. This has meant that vigilance is required regarding new openings... Read More

Outdated Property and Infrastructure could Jeopardise UK Recovery

Posted on by Kirsten Kennedy under Economy

With reports of demand beginning to outstrip supply in some key markets, the absence of commercial development during the recession may hinder the recovery. However, a new report from asset design and consultancy firm Arcadis has highlighted the very real... Read More

Lancashire Retailers call for Cap on Charity Shops

Posted on 8 May, 2014 by Kirsten Kennedy under Business News

During the recession, high street vacancy rates soared as even established retailers struggled to survive. This situation was partially mitigated by a wave of betting shops, pawnbrokers and charity shops occupying empty properties. But their expansion did not... Read More

IM Properties sells Quartet of German Sites

Posted on by Cliff Goodwin under Commercial Sales and Lets

IM Properties has sold a number of its German logistics properties to the multi-let investment management company Valad Europe for more than £21m. The sale follows the company’s recent unloading of a near-100,000sq metre Munich logistics facility to... Read More

Old Market Shopping Centre opens in Hereford

Posted on by Kirsten Kennedy under Commercial Developments, Top Properties

British Land and Stanhope have officially cut the tape on the Old Market Shopping Centre in Hereford following a £90 million investment to improve local services. The open air shopping complex was developed by Stanhope but, as all funding was provided by... Read More

Planners give Green Light to Pioneering Sheffield Research Factory

Posted on by Cliff Goodwin under Commercial Developments

Britain’s first dedicated state-of-the-art research and production factory is to be constructed at Sheffield Business Park after winning city council approval. Factory 2050 is being built by the University of Sheffield (pictured) near its original... Read More

Improving West Midlands Market puts Strain on Supply

Posted on by Kirsten Kennedy under Economy, Industry News

While the London commercial property market may be in robust health, until the beginning of this year the regional markets had struggled to recover. However, a new survey conducted by RICS indicates that the West Midlands is in the midst of a resurgence which... Read More

Sainsbury’s reports Annual Profits Rise despite Competition from Discounters

Posted on 7 May, 2014 by Kirsten Kennedy under Business News

The supermarket sector has become one of the most competitive in retail of late, largely due to the influx of discount brands eating into the market share of Britain’s traditional “Big Four” chains. Yet while analysts were concerned that this would lead... Read More