Monthly Archives: December 2014



Starting Date announced for Paradise Circus Redevelopment

Posted on 16 December, 2014 by Kirsten Kennedy under Commercial Developments

Birmingham has become something of a hub of developmental activity in the past year, with large scale works taking place at Birmingham New Street station, the adjoining Grand Central retail scheme and also at the Mailbox. However, while these are all due to... Read More

US Asset Values not expected to peak until 2016 says CPE Survey

Posted on by Jodee Redmond under Worldwide Property News

The results of the latest CPE 100 Quarterly Sentiment Survey point to 2016 as being a peak year for the US market. Close to half of the group of industry leaders surveyed (46%) said that asset values and transaction volume across property types have... Read More

Five-Star Hotel Plan for Churchill’s Historic War Office

Posted on by Cliff Goodwin under Commercial Sales and Lets

The Defence Infrastructure Organisation (DIO) — which owns and manages the British military infrastructure — has sold the Old War Office where Sir Winston Churchill worked during World War II for an undisclosed sum. When the sell-off was first announced... Read More

Ocean Portfolio purchased by Legal & General Property

Posted on by Kirsten Kennedy under Commercial Sales and Lets

Legal & General Property (LGP) has completed a deal to buy the entire Ocean Portfolio for £226.5 million, representing a net initial yield of 6.5 per cent. The Ocean Portfolio is comprised of 13 different sites located throughout the UK, although... Read More

St James’s acquires Spinningfields Landmark

Posted on 15 December, 2014 by Cliff Goodwin under Commercial Sales and Lets, Top Properties

A UK-focused commercial property investment fund has swooped on one of Manchester's most "architecturally pleasing" buildings. Acting for wealth managers St James's Place, Orchard Street Investment Management reportedly paid £31m for Four Hardman... Read More

Lunchtime Rush helps Greggs raise Profits Forecast

Posted on by Kirsten Kennedy under Business News

With people leading increasingly busy lives, many office workers place value and speed above all other factors when looking for a bite to eat at lunchtime. This has caused profits at high street bakery chain Greggs to skyrocket, meaning that executives... Read More

Waterways Trust to develop two Birmingham Sites

Posted on by Cliff Goodwin under Commercial Developments

The Canal & River Trust is searching for investors and developers to help it unlock the potential of two Midlands waterside sites. The first scheme involves the £20m regeneration of an industrial site at Wharfdale Park. Birmingham City Council has... Read More

Investment Buyer Sought For Victorian Warehouse

Posted on by Cliff Goodwin under Commercial Sales and Lets

York's iconic Bonding Warehouse — which has survived flooding, vandalism and a squat by peace demonstrators — is being offered for sale after a multi-million pound refurbishment. Two years ago the abandoned riverside Grade II listed building near... Read More

Council cuts puts 100 jobs at risk in Denbighshire care homes

Posted on 14 December, 2014 by Chris Grigorovsky under Business News

Three care homes and a day centre in North Wales are under risk of closure after the authority approved £5.4 million worth of budget cuts. In a bid to save around £700,000, Dolwen, Cysgody Gaer and Awelon care homes look to be the ones that will be... Read More

Retail Anchors confirmed for Resorts World Mall at NEC Birmingham

Posted on 13 December, 2014 by Kirsten Kennedy under Commercial Developments, Top Properties

There are numerous exciting retail and leisure developments opening in the West Midlands next year, with Birmingham leading the charge to attract consumers from far and wide. Along with the Grand Central scheme above the refurbished New Street station, the... Read More