Monthly Archives: July 2014



More Money flowing into Irish Commercial Property than at Height of Boom

Posted on 13 July, 2014 by Jodee Redmond under Commercial Sales and Lets

In the first six months of 2014, a total of €1.37 billion has been spent in the Irish commercial property market. This is more than during the same period in 2006 at the height of the boom when the figure stood at €1.09 billion. During the past six... Read More

BNP Paribas Hired to Manage Historic Offices

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Posted on 12 July, 2014 by Cliff Goodwin under Commercial Developments

BNP Paribas Real Estate - the property service and management division of the French bank - has won a contract to refurbish and let office space in the heart of Newcastle’s historic Grainger Town. The Grey Street property, which has a listed... Read More

Plans submitted for improvements to Coventry Skydome

Posted on by Kirsten Kennedy under Top Properties

As the economy continues to improve and consumers begin to spend on luxuries once more, the commercial property sector has seen a rise in leisure and retail developments and refurbishments. Coventry’s Skydome leisure centre scheme is the latest to... Read More

Demand for U.S. Office Space Bounces Back in Q2

Posted on by Jodee Redmond under Worldwide Property News

U.S. commercial real estate services provider, Cassidy Turley, reports that demand for office space in that country rose sharply in the second quarter of this year. It also stated that development of new office buildings is "accelerating." U.S. office... Read More

Developers acquire Durham Shopping Centre in £12 million Deal

Developers-acquire-Durham-Shopping-Centre-in-12 million-Deal
Posted on 11 July, 2014 by Kirsten Kennedy under Commercial Sales and Lets

Retail acquisitions have risen hugely in recent months as developers seek to cash in on the improving consumer climate, with a number of high profile deals being completed in regional areas throughout the UK. This week, London based property firm Clearbell... Read More

Belfast Office Properties becomes Ireland’s latest Write-Down Victim

Posted on by Cliff Goodwin under Business News

A company owned by one of Northern Ireland’s highest profile property developers has posted a £143m loss. Belfast Offices Properties blames its disastrous 2013 returns on a write-down in the value of its assets. Paddy McKillenco-owns the company... Read More

Michael Kors to open Flagship Store on Regent Street

Posted on by Kirsten Kennedy under Top Properties

As international retailers continue to flock to London, competition for prime locations amongst top designers has begun to reach fever pitch. Now, luxury designer brand Michael Kors is to open a 15,000 sq ft flagship store on Regent Street, which it believes... Read More

City of Culture Regeneration Plan promises boost to Hull Commercial Property Market

Posted on by Cliff Goodwin under Commercial Developments

HULL City Council has unveiled the first £12.7m phase of the largest transformation project in the East Riding city’s history. The improvements — expected to cost at least £25m when complete — are part of the run up to Hull’s reign of UK City of... Read More

Work to finally begin on Preston’s Queens Retail Park

Posted on 10 July, 2014 by Kirsten Kennedy under Commercial Developments

During the recession, a number of retail developments were put on the back burner as investment into the sector dropped hugely - fortunately most have now been kick started again as the economy continues to improve. However, few can claim to have faced quite... Read More

UK’s biggest Logistics Hub could “eliminate unemployment” in Northamptonshire

Posted on by Cliff Goodwin under Commercial Developments

An MP has claimed the go-ahead for an eight-million sq ft Northamptonshire logistics terminal could wipe out unemployment in his constituency. The developers of the DIRFT III site at Daventry say it will create at least 9,000 jobs. After three months... Read More