Monthly Archives: July 2014



Sell off allows Tycoons to keep control of Prestige Shopping Centres

Posted on 8 July, 2014 by Cliff Goodwin under Commercial Sales and Lets

A £700m retail property sell off has allowed two of Northern Ireland’s most prominent businessmen to retain control of their Foyleside and Forestside shopping centres. The disposal was ordered by Ulster Bank which wants to reduce its exposure on loans used... Read More

Trinity Leeds footfall levels soar during Tour de France opening stage

Posted on 7 July, 2014 by Kirsten Kennedy under Business News, Top Properties

This year, UK sports fans have enjoyed a range of international events such as the World Cup, Wimbledon and the Tour de France; the latter of which has enjoyed a hugely successful opening weekend in Yorkshire. Yet as well as proving enjoyable for cycling fans... Read More

Partnership outlines rolling development of Leeds Enterprise Zone

Posted on by Cliff Goodwin under Commercial Developments

A joint venture company has submitted plans for the first phase development of a multi-million pound logistics and manufacturing hub in Yorkshire. The London-headquartered Evans Property Group and Keyland Developments, a sister company of Yorkshire... Read More

Retail Rents on the rise in North West and West Midlands

Posted on by Kirsten Kennedy under Industry News

As the economic recovery continues to gather pace, regional areas are beginning to feel the benefits that were for some time limited only to London and the South East. Although wide variations remain, the regional commercial property markets have been showing... Read More

Residential Developer set to make a splash with First Commercial Project

Posted on by Cliff Goodwin under Commercial Developments

PlaceFirst — a developer better known for regenerating empty houses — is dipping its toes into the commercial market with the conversion of a Victorian bath house to a business hub. The Didsbury-based company acquired Ashton Old Baths, which have... Read More

Edinburgh Historian searches for 200-Year-Old Wine Cellar beneath Condemned Office Block

Posted on by Cliff Goodwin under Commercial Developments

The demolition of a 1950s Edinburgh office block — ignored by thousands of passers-by — has attracted the attention of historians after claims that a 200-year-old wine cellar belonging to one of Scotland’s most prominent thinkers may well be intact... Read More

New Healthcare Development forecast to make “Lasting Contribution” to North West

Posted on 6 July, 2014 by Kirsten Kennedy under Commercial Developments

With Manchester quickly becoming one of the leading cities for growth and innovation in the UK, local authorities have been examining means of boosting its reputation for excellence in education and training. This has led to Nuffield Health being granted... Read More

Buyer found for Kidderminster Sealine Factory

Posted on by Kirsten Kennedy under Business News, Commercial Sales and Lets

After the Sealine boat building firm entered administration in May 2013, resulting in the loss of 234 jobs, its premises in Kidderminster were left unoccupied. Now a buyer for one of the empty factories has now been found, with family business Quantum... Read More

Manhattan’s 530 Fifth Avenue sold for $595m

Posted on by Cliff Goodwin under Worldwide Property News

The four-way partnership which owns a 26-storey office and retail building on Manhattan’s Fifth Avenue has to agreed sell the prestige property for a reported $595m (£349m). The current owners of 530 Fifth Avenue — Rockwood Capital, Jamestown,... Read More

Permanent TSB to sell Non Performing Loan Books

Posted on by Jodee Redmond under Worldwide Property News

Irish lender Permanent TSB Group Holdings Plc has hired Morgan Stanley to sell its commercial real estate and subprime residential mortgage loan books, which have a combined face value of approximately €2.6bn. Most of the loans are non-performing and are... Read More