Monthly Archives: June 2015



Newport City Centre benefiting from “Friars Walk Effect”

Posted on 16 June, 2015 by Kirsten Kennedy under Commercial Developments

The redevelopment of Friars Walk Shopping Centre in Newport, South Wales, is one of the most eagerly anticipated events in the city’s commercial property sector, with the project helping to attract a huge number of national and regional brands which will... Read More

Work Starts On Waterways Trust’s Second Tyseley Investment

Posted on by Cliff Goodwin under Commercial Developments

The Canal and River Trust — which protects and manages more than 2,000 miles of historic waterways across England and Wales — has started work on a £20m canalside development in Birmingham. Specialist developer H2O Urban will oversee the... Read More

St James’s House sold to Tesco Pension Fund

Posted on by Kirsten Kennedy under Commercial Sales and Lets

The Crown Estate is one of the UK’s largest and most influential commercial property players, with assets throughout the country combining into a portfolio worth over £2 billion. However, the firm recently made the decision to rebalance this... Read More

Former Pub Redevelopment Plans Refused For a Second Time

Posted on 15 June, 2015 by Chris Grigorovsky under Commercial Developments

A pub in Staffordshire has been deemed an 'eyesore' by residents and urged for it to be demolished as redevelopment plans have been rejected a second time. The former Crown Inn pub on Tean Road, Mobberley was proposed to become six houses and two... Read More

Plans submitted for major Leisure Development in Warrington

Posted on by Kirsten Kennedy under Commercial Developments

As consumers in regional areas continue to demand a greater choice of leisure and retail options in which to spend excess disposable income, more and more local authorities are choosing to enter into development partnerships as a means of boosting spending in... Read More

TH Real Estate Snaps Up Its Fourth UK Outlet Mall

Posted on by Cliff Goodwin under Business News, Commercial Developments, Commercial Sales and Lets

Less than two months after a controversial expansion of Dalton Park was finally given the go-ahead, a global investment management company has bought the County Durham outlet centre for £38m in an off-market deal. Despite concerns over the potential... Read More

Valad Adds £42m of UK Assets To Its European Fund Portfolio

Posted on by Cliff Goodwin under Business News, Commercial Developments

A leading diversified real estate investment fund has paid more than £43m for St Johns Shopping Centre in Leeds and a car showroom in Nottingham. The twin purchase brings Valad Europe’s takes the value of Valad Europe’s UK portfolio to £288m.... Read More

Shangri-La sues Contractor for £57m over delayed Shard Hotel opening

Posted on 14 June, 2015 by Neil Bird under Business News

Hong Kong based hotel operator Shangri-La is reportedly suing contractor John Sisk and Son over the near twelve month delay in the opening of its five-star Shangri-La at The Shard. The reports say that Shangri-La has lodged a £57 million High Court... Read More

Steady or Increasing Rents forecast for Asia Pacific Office Market

Posted on by Jodee Redmond under Worldwide Property News

Independent global property consultancy Knight Frank Asia Pacific has released its Asia-Pacific Prime Office Rental Index for Q1 2015. The index was up slightly in the first quarter, increasing by 1.3 per cent and is now sitting at 5.3 per cent above... Read More

Lower Oil Prices give Investors Opportunity to enter Calgary Market

Posted on by Jodee Redmond under Worldwide Property News

Despite a downturn in oil prices, commercial real estate developers in the Canadian city of Calgary are not experiencing a downturn in investment – instead they report increasing opportunities. Investors who found that prices were previously out of... Read More