IM Properties — owned by Lord Edmiston, Britain’s 22nd richest person — has agreed to buy Solihull’s Fore Business Park for £21m. Developed by BAM as a speculative build in 2009, the West Midlands’ park is adjacent to Junction 4 of the M42... Read More
Business space investor and manager, Segro, has demonstrated its commitment to the Midlands’ logistics “golden triangle” by acquiring three distribution warehouses in the region for just under £50m. The portfolio — made up of fully let... Read More
Although news from the retail industry has been somewhat gloomy of late following a very strong start to the year, clothing and footwear retailers have enjoyed a resurgence in trade thanks to the warm summer weather and higher optimism amongst consumers... Read More
The announcement that the Gherkin has been placed on the market is expected to ignite interest among overseas investors. 30 St Mary Axe, one of London’s most recognisable landmarks, collapsed into receivership earlier this year after the... Read More
After a year of planning wrangles a council has finally given its approval for the creation of a £1bn Asian business district on the site of London’s Royal Albert Dock. The scheme, for a 24-hour business complex for Chinese and Asian firms, was... Read More
Fortnum & Mason has long been established as a high quality retailer with a tradition of serving well-heeled customers including members of the Royal family. Last year, in a bid to expand on its history, Fortnum & Mason opened its first new... Read More
After 18 months of planning the Dutch budget retailer HEMA — which already has 660 outlets across Europe — has opened its first two stores in the UK, with a promise of a third before the end of the summer. Placed somewhere between Ikea and the now... Read More
The issue of business rates remains one of the most contentious in the retail industry, with claims that the commercial property levy was a key reason for soaring shop vacancy rates during the recession. However, under a new proposal by Derby City Council,... Read More
Manchester City Council has asked for a meeting with the new owners of One Piccadilly to discuss the future of the controversial Piccadilly Wall. The landmark is part of the £75m sale of the block of offices and restaurants at the Portland Street end... Read More
In recent months a wealth of statistics has been used to demonstrate improving conditions on the high street. The fact that much of this evidence appears contradictory only adds to the feeling that the retail recovery remains subject to sharp turns and sudden... Read More
