Monthly Archives: August 2014



Tesco Market Share continues to Drop

Posted on 28 August, 2014 by Kirsten Kennedy under Business News

As the supermarket price war continues to rage on, the Big Four are increasingly finding discounters eating into their market share. Tesco suffered a further loss in the 12 weeks to the 17th of August, with the data from Kantar Worldpanel showing a further... Read More

Hertford Shopping Centre earmarked for Huge Redevelopment

Posted on by Kirsten Kennedy under Commercial Developments

Shopping centre regenerations have become relatively commonplace in the UK since the end of the recession, with owners recognising a need to adapt to new consumer trends as a means of lifting footfall levels. However, while many involve significant levels of... Read More

Toon Fans Demand Meeting over St James’ Park Land Sale

Posted on by Cliff Goodwin under Commercial Sales and Lets

Football fans, worried that the sale of club-owned land will “lock in the capacity” of their Premier League stadium are demanding an urgent meeting with developers. Newcastle United is in the process of selling the lease of a 1.6-acre plot of land... Read More

Battle intensifies for Great British High Street Title

Posted on 27 August, 2014 by Kirsten Kennedy under Business News

As consumers continue to fuel the retail industry’s recovery by upping their spending, high streets are once more beginning to look at how they can capitalise on the economic recovery to entice consumers back into town centres. Many are choosing to... Read More

Hermes sells Stoke Festival Park Leisure Complex

Posted on by Kirsten Kennedy under Commercial Sales and Lets

Hermes Real Estate has this week concluded the sale of its leisure asset on Stoke’s Festival Park to the Valad European Diversified Fund for £14.5 million. The new owner has gained a fully let 130,000 sq ft property within the larger Festival Park... Read More

British Land agrees New Lets at Doncaster Retail Park

Posted on by Kirsten Kennedy under Commercial Sales and Lets, Top Properties

British Land has confirmed the letting of 36,000 sq ft of retail space at its Doncaster retail park. Both Next and Marks & Spencer Simply Food have agreed terms for units on the Wheatley Retail Park, joining retailers such as TK Maxx, Sports Direct and... Read More

Legal and General confirms £75m acquisition of One Piccadilly

Posted on by Jodee Redmond under Commercial Sales and Lets

Legal and General Property has confirmed its purchase of One Piccadilly Gardens in Manchester. The Grade A office building was sold for £75m and has tenants including Allianz Cornhill Insurance, Pizza Express, Caffe Nero and Pret a Manger contributing to a... Read More

Mega-Tenant sought for Port Cheshire Logistics Hub

Posted on by Cliff Goodwin under Commercial Developments

Peel Ports has confirmed it is hoping to attract a single one-million square foot occupier to its planned logistics base on the banks of the Manchester Ship Canal. The 75-acre facility is being constructed on the site of the former Bridgewater paper... Read More

Slowdown of Service Sector Growth raises Questions for Economy

Posted on 26 August, 2014 by Kirsten Kennedy under Business News, Economy

For some time now, manufacturers have expressed fears that a lack of skilled workers could negatively impact growth within the sector and lead to a reduction in expansion. Now, it appears that a similar issue is facing the service sector which... Read More

Gherkin Agents to embark on Global Marketing Tour

Posted on by Neil Bird under Commercial Sales and Lets

The agents appointed to oversee the sale of the Gherkin are to embark on a global tour to meet the leading bidders for the City of London landmark, which entered administration in April. It is reported that over 200 potential bidders have emerged for... Read More