Monthly Archives: June 2015



Investment in UK Retail Property rises but Vacancy Rates remain high

Posted on 23 June, 2015 by Chris Grigorovsky under Industry News

According to Colliers International, investment in UK retail property is on the increase, with more than £5bn of acquisitions by overseas investors forecast to take place by the end of the year, despite 'stubbornly high vacancy rates'. Colliers Midsummer... Read More

Schroders bags Hammersmith Shopping Centre

Posted on by Neil Bird under Commercial Sales and Lets

Schroder UK Real Estate Fund (SREF) has today announced the off-market purchase of a portfolio of assets in Hammersmith from the Matterhorn Palos Partnership for £153 million. The acquisition comprises the 340,000 sq ft Kings Mall Shopping Centre, the... Read More

Paradise Proposals set the scene for the Transformation of the Heart of Birmingham

Posted on by Kirsten Kennedy under Commercial Developments

Development manager Argent, acting on behalf of Hermes Investment Management, has submitted three detailed planning applications to Birmingham City Council which are set to transform the city centre. Phase one will see the creation of two new... Read More

Excessive Business Rates levels deter Retail Expansion says Intu

Posted on by Neil Bird under Business News

Leading regional shopping centre owner and operator intu claims that the excessive level of Business Rates deters retailers from expanding and curtails investment by owners of retail property. In response to the Chancellor’s Business Rates review,... Read More

Scottish Commercial Property still a Long Way from Pre-Recession Values

Posted on by Cliff Goodwin under Industry News

A major survey — said to be the biggest of its kind since the start of the 2008 global recession — claims that Scotland’s commercial property market is “stuck in recovery mode”. According to the Scottish Property Federation (SPF), which notes... Read More

Central London Office Space under offer reaches Highest Level in 15 Years

Posted on by Kirsten Kennedy under Industry News

According to the latest research by commercial property services firm CBRE, the amount of space under offer in the Central London office market is at its highest level since November 2000. At the end of May a total of 4.5 million sq ft of office space... Read More

Scarborough’s £700m Middlewood Locks Scheme expected to commence This Year

Posted on 22 June, 2015 by Cliff Goodwin under Commercial Developments

The first plans for a 24-acre Salford brownfield site have been unveiled by joint-developer Scarborough Group International. Scarborough plans to build 750,000 sq ft of commercial space and hundreds of homes as part of the Middlewood Locks... Read More

Flight Centre lands over 4,000 sq ft in Birmingham Relocation

Posted on by Chris Grigorovsky under Industry News

LaSalle Investment Management has agreed a ten-year lease on behalf of Flight Centre UK Limited, for 4,180 sq ft of office space at Lyndon House in Birmingham. The national travel consultant has taken the entire eleventh floor at the newly refurbished... Read More

CEG plans Bristol’s biggest ever Office Scheme

Posted on by Kirsten Kennedy under Commercial Developments

Commercial Estates Group (CEG) is drawing up proposals for what would become Bristol’s largest ever office scheme. The £100 million development would see the creation of an eight storey tower and basement designed around a double height atrium,... Read More

Northampton Distribution Development Gathers Momentum

Posted on by Neil Bird under Commercial Developments

A combination of diminishing supply, robust occupier demand and a strong investment market has led to a growing appetite for speculative distribution warehouse development in Northampton. And its arrival will ensure the town retains its ‘Mecca status’ in... Read More