Monthly Archives: July 2014



Bewley’s loses Two-Year Irish Rent Hike Battle

Posted on 5 July, 2014 by Cliff Goodwin under Industry News, Worldwide Property News

Bewley’s has had its “landmark” victory against endless upward only rent rises overturned by the Irish Supreme Court. The coffee company says it now faces a €1.5m (£1.2m) annual rent bill for its flagship Dublin premises. Last year the company... Read More

GVA completes biggest Birmingham Office Deal of the Year

Posted on by Kirsten Kennedy under Commercial Sales and Lets

GVA this week completed the largest office transaction of the year so far in Birmingham, securing the top four floors of the New Technology Institute (NTI) for Birmingham City University. The 28,000 sq ft space on Bartholomew Row in Eastside will... Read More

Chinese Takeaway Chain launches West Midlands Expansion

Posted on by Kirsten Kennedy under Business News

Although Chinese takeaways are popular fixtures of almost every high street the length and breadth of the country, these outlets tend to be independent and do not utilise the “strength in numbers” marketing technique of rival chain food stores such as... Read More

Apollo Commercial Real Estate enjoys Strong First Half of 2014

Posted on by Jodee Redmond under Worldwide Property News

Apollo Commercial Real Estate Finance, Inc. (ARI), which specialises in high performing US property, has announced that it has closed on two commercial loan transactions worth $93.4 million. The company has also acquired commercial mortgage backed securities... Read More

Approval granted for Leeds Office Scheme

Posted on 4 July, 2014 by Kirsten Kennedy under Commercial Developments

Councillors in Leeds have this week overwhelmingly thrown their support behind a project to create a six storey office block in the city centre. The development, situated on a plot currently being used as a car park, is a joint venture between... Read More

Commercial Property Owners urged to seek Advice as £28 Million of Tax Relief goes Unclaimed

Posted on by Kirsten Kennedy under Business News, Industry News

Since the implementation of the 2012 Finance Bill began on the 1st of April this year, commercial property owners have gained unprecedented access to tax relief which, if claimed, could bring financial relief to new buyers. However, recent data from the... Read More

New Financial Agreement paves the way for 3 World Trade Center Development

Posted on by Jodee Redmond under Commercial Developments, Worldwide Property News

Silverstein Properties' $2.3 billion development of Richard Rogers’ 3 World Trade Center has taken a major step forward after the Port Authority of New York and New Jersey gave the go-ahead for an amendment to the financial agreement between the two... Read More

Urban Splash back in the black and ready for Future Growth

Posted on by Cliff Goodwin under Business News, Commercial Developments, Top Properties

Despite a £16m plunge in the value of its property portfolio, Urban Splash — the company behind Birmingham’s landmark Rotunda and Fort Dunlop regeneration projects — has at last crept back into the black. The Manchester-based firm, which rose to... Read More

Developer hopes it will be Third Time Lucky for Bankside Tower Scheme

Posted on by Cliff Goodwin under Commercial Developments

A prime London site that has lain dormant for more than a decade looks set to get new high-rise development at the third attempt. The first application to build on the site at 20 Blackfriars was submitted in 2002 but knocked back after a public... Read More

Poundland Sets Sights on 1,000 Shops as Sales approach £1 Billion Mark

Posted on 3 July, 2014 by Kirsten Kennedy under Business News

Amid the changing consumer habits in the UK at present, discount stores are expanding at a previously unknown rate as households attempt to cut down on spending and stick to a weekly budget. This has played a huge part in Poundland’s hugely successful year,... Read More