Monthly Archives: August 2014



Waitrose delivers Profit Warning as Discounters steal Further Market Share

Posted on 5 August, 2014 by Kirsten Kennedy under Business News

Although the big four supermarkets have struggled in the face of competition from discounters such as Aldi and Lidl, high end retailers such as Waitrose have been relatively untouched by the phenomenon due to an extremely loyal customer base. However, it... Read More

Is Google among the World’s Top Ten Property Owners?

Posted on by Cliff Goodwin under Commercial Sales and Lets, Worldwide Property News

Internet giant Google — better known for buying out internet rivals and software companies — has now turned its attention to commercial property. In the second quarter of this year alone it spent $2.6bn (£15.4bn) on capital expenditure. Although... Read More

Canary Wharf Group considers Round the Clock Retail Trading

Posted on by Kirsten Kennedy under Business News, Top Properties

As consumers continue to spend following several years of recession, retailers and groups within the industry are seeking ways in which to capitalise on this upturn by boosting footfall levels and dwell times. This could see shops and bars in Canary Wharf... Read More

Supermarket expansion hits Six Year Low

Posted on by Kirsten Kennedy under Commercial Developments

The number of applications for new supermarket space in the UK has now fallen to the lowest level seen since the start of the financial crisis, with only 15.22 million sq ft of shop space currently proposed by the grocery market. According to property... Read More

New Clyde Gateway Business Park rebranded as Rutherglen Links

Posted on 4 August, 2014 by Cliff Goodwin under Commercial Developments, Top Properties

With less than two months before the arrival of its first tenants, a Scottish office development has been rebranded as Rutherglen Links Business Park. After three years under the “working title” of Rutherglen Low Carbon Zone the new name for the... Read More

Co-op in Thirty Nine Thousand Acre Farmland Sale

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

The Co-operative has announced the sale of its farming business to the Wellcome Trust in a deal worth £249 million. In total, the Wellcome Trust has gained 39,553 acres of land containing 15 farms, 27 commercial properties and more than 100... Read More

IMI announces closure of Birmingham Factory

Posted on by Kirsten Kennedy under Business News, Economy

With the manufacturing industry being one of the key reasons for economic recovery within the UK, forecasts by economists that growth is due to stagnate in the coming months is somewhat worrying to say the least. Unfortunately, it appears that this slowdown... Read More

Bruntwood benefits from University’s Back to the Future Research

Posted on by Cliff Goodwin under Top Properties

A property company which owns and manages more than six-million square feet of business space across the UK has teamed up with a Midlands’ university to develop a new generation of eco-friendly office buildings. The collaboration — between... Read More

Record Quarter for North West Property Deals

Posted on by Cliff Goodwin under Industry News

Commercial property transactions in the North West of England peaked at more than a billion-pounds in the second quarter of 2014 — an increase of almost 300 per cent on the same period last year. Property consultancy Lambert Smith Hampton’s (LSH)... Read More

Commercial Development in California expected to Rise

Posted on 3 August, 2014 by Jodee Redmond under Commercial Developments, Worldwide Property News

Most California commercial markets are expected to increase development through 2017, due to employment growth and goods making their way through the state’s ports. This positive outlook for the state is based on the recently-released Allen Matkins/UCLA... Read More