Monthly Archives: June 2014



Hull Business Park Plans unveiled on back of Siemens Development

Posted on 7 June, 2014 by Cliff Goodwin under Commercial Developments

A detailed planning application has been submitted for a £25m scheme to transform a former Yorkshire hospital site into renewable energy business park. Proposed as a joint venture between Stoneferry Estates and Hull City Council, the campus-style... Read More

Stratford Hotel boosts Meeting Room and Conference Facilities

Posted on 6 June, 2014 by Kirsten Kennedy under Business News, Top Properties

A Stratford hotel has channelled over £500,000 worth of investment into upgrading its conference facilities to extend its reach in the meetings and events market. The Macdonald Alveston Manor Hotel began its extensive renovation programme in early... Read More

Crown Estate Partnership sells Leamington Retail Park

Posted on by Cliff Goodwin under Commercial Sales and Lets

Gibraltar Limited Partnership — a fifty-fifty joint venture between the Crown Estate and Hercules Unit Trust — has sold Leamington Shopping Park for £72m. The Warwickshire centre, which boasts a near 100 per cent occupancy rate after an extensive... Read More

Appeal Court’s “Game Changer” Rent Ruling worth Millions to Landlords

Posted on by Cliff Goodwin under Industry News

Four years after a landmark legal ruling the Court of Appeal has stepped in to close an administration loophole that could have cost property owners millions of pounds in lost rent. The judgement has been described by one leading commercial agent as a “real... Read More

London Fast Food Retailer Leon hopes T2 Branch will lead to International Take-Off

Posted on by Kirsten Kennedy under Business News

The fast food sector has become one of the most competitive areas of British retailing, with the convenience angle and low cost appealing to modern consumers. However, the growing issue of the obesity crisis in Europe and the United States has led many to cut... Read More

MIRA gets £7m of Enterprise Zone Funding Package

Posted on by Cliff Goodwin under Business News

The Government has confirmed it is giving more than £7m “nuts and bolts” funding to help transform a former Midland’s research base into a world class high-tech business hub. Formerly a government-funded research centre, MIRA Technology Park in... Read More

Credit Suisse embarks on German Asset Sale

Posted on 5 June, 2014 by Cliff Goodwin under Commercial Sales and Lets

Six month after it announced it was selling London’s Corn Exchange office building, Credit Suisse Group AG (CSGN) has confirmed it is liquidating commercial property funds worth more than €700m (£568m). All 20 properties in the sell-off package... Read More

Charity Commission launches Inquiry into Empty Property Business Rates Practice

Posted on by Cliff Goodwin under Business News

The Charity Commission has opened an inquiry into a housing trust’s use of commercial premises which may be liable for business rates. The Augustine Housing Trust — which describes itself as a “storage charity” — is already  under... Read More

Residential Scheme considered for Aldershot Shopping Centre

Posted on by Kirsten Kennedy under Commercial Developments

For many retail developments throughout the UK, the end of the recession has brought an increase in prosperity as consumers regain confidence and begin to spend in earnest one more. Yet for some, high competition in the surrounding area has brought the need... Read More

Spinningfields Deal sets Manchester Headline Rent Record

Posted on by Neil Bird under Industry News

A new record headline rent has been set in Manchester as a combination of rising demand and limited supply pushes up prices in the city. Recruitment consultancy Robert Walters has signed an 11-year lease for 5,000 sq ft at 3 Hardman Street in the... Read More