Monthly Archives: June 2014



Dutch latest to abandon Central London for New Diplomatic Quarter

Posted on 3 June, 2014 by Cliff Goodwin under Commercial Sales and Lets

The establishment of a major new diplomatic quarter now looks almost certain with the Dutch government’s announcement it is moving its London embassy south of the river to Nine Elms. The US embassy is in the process of relocating from Grosvenor Square and... Read More

New Code of Practice Promises Fairer Treatment for Tied Pub Tenants

Posted on by Neil Bird under Business News

Thousands of  tied pub tenants will be protected from unfair rents under a statutory code of practice announced by the government today. The new rules, which include the right to request a rent review after five years, will be enforced by an... Read More

Revised Plans submitted for Newcastle Newgate Centre Scheme

Posted on by Cliff Goodwin under Commercial Developments

Northern Ireland developer McAleer and Rushe has submitted revised plans for a £100m mixed-use scheme to replace Newcastle’s ageing Newgate Centre. The company acquired the site in in 2006 and secured a similar planning permission five years later... Read More

Lloyds discusses ‘Gotham City’ switch

Posted on 2 June, 2014 by Neil Bird under Top Properties

Lloyds of London is involved in talks which could result in the insurer quitting its iconic City headquarters for the forthcoming Gotham City development according to the Sunday Times. Lloyds has occupied the Grade I listed Richard Rogers designed... Read More

Joint Venture awarded Selfridges Flagship Oxford Street Upgrade

Posted on by Cliff Goodwin under Top Properties

Selfridges, the department store group owned by Canadian billionaire Galen Weston, has awarded the prestigious first phase of the redevelopment of its flagship Oxford Street store to a joint venture between start-up Blue Sky Building and veteran contractor... Read More

Recession still ‘Blowing a Gale’ for Blackpool Businesses

Posted on by Cliff Goodwin under Economy

As the recession blows itself out across most of the country one of Britain’s traditional holiday resorts has yet to recover from the financial storm with more than 100 of its leisure properties up for sale — at a collective price tag of... Read More

3R considers “Significant Developments” after £20m Refinancing Deal

Posted on by Cliff Goodwin under Commercial Developments

A North-East property firm is on the hunt for new development opportunities after sealing what is thought to be the region’s biggest refinancing deal so far this year. Durham City-based 3R Land and Property, which has a sizeable commercial property... Read More

Apple agrees Sunnyvale Campus lease

Posted on 1 June, 2014 by Jodee Redmond under Worldwide Property News

Apple is preparing to move into a seven-building campus in Sunnyvale, California. The tech company will move as many as 1,450 workers into the new premises, according to commercial property sources and city documents. This deal is the latest sign of... Read More

Growing Congregations fuel Property Demand from New York State Faith-Based Groups

Posted on by Jodee Redmond under Worldwide Property News

In New York State, sales of religious property must be approved by the Attorney General's Office and signed off by a Justice of the Supreme Court in the county where the property is located before the transaction can be completed. These extra steps can add an... Read More

Tesco confirms Turnaround Plans for Struggling Turkish Business

Posted on by Cliff Goodwin under Business News

After exiting the US market following the collapse of its Fresh and Easy brand, Tesco has pledged to focus upon its core UK and European markets in an attempt to turn around the steadily worsening situation which has seen both profits and market share drop in... Read More