Sheffield Council is spending £55m of its own money in an attempt to salvage the city’s doomed new Retail Quarter. The £400m project suffered a major blow last year when developer Hammerson pulled out of the shopping centre scheme. The council cash... Read More
One of the tallest buildings in Manchester has been sold for £7m above the asking price. City Tower, in Piccadilly Gardens, was placed on the market earlier this year for £125m and immediately attracted interest from potential buyers. In April it was... Read More
Home Retail Group struggled hugely during the recession, with sales dropping consistently at both its Argos and Homebase stores as consumers battled to save money. However, a combination of the economic recovery and the warmer weather has seen the group... Read More
As internet retailers continue to grow their market share at an astounding rate, many of the larger site operators have been driving demand for ‘Big Shed ‘distribution centres. Amazon’s fulfillment centre in Rugeley already measures around the... Read More
Defaults among commercial property lenders in the UK hit record-high levels in 2013. And rising values, coupled with improving economic conditions, encouraged banks to get tough on delinquent borrowers. The number of loans in default increased by 13... Read More
Manufacturing has proven to be one of the biggest drivers of growth in the UK economy since the end of the recession, with the West Midlands in particular benefiting from a boom in demand both domestically and overseas. These advantages particularly lie... Read More
As the UK becomes ever more determined to rely on green energy as much as possible, there have been numerous warnings from electricity operator National Grid regarding rolling blackouts around the country as a result of a reduction in a reliably constant... Read More
Former real estate broker-turned-entrepreneur Nick Romito saw a need in the market and came up with way to meet it. He founded a company, View the Space (VTS), in 2012, which started offering motion picture-quality video tours of commercial properties. His... Read More
Ireland’s stockpile of vacant commercial buildings has reached almost 28,000, despite the shortage in Dublin being classed as “severe” and a number of other cities warning they will have no prestige offices by the end of the year. A new report... Read More
IKEA — the world's largest furniture retailer — is preparing to open its first shopping mall in China as part of a £952m shift in its Asian retail strategy. Two more shopping centres will follow next year. The Swedish furniture chain has confirmed... Read More
