Top international brands DKNY and KIKO MILANO have signed leases at Land Securities’ multi-award winning shopping centre, Trinity Leeds. DKNY has taken 2,265 sq ft for a stand-alone store on the ground and basement floors of the 1m sq ft development. Meanwhile, KIKO MILANO, will provide a great range of quality cosmetics to... Read More
Commercial development across Britain “lagged behind a booming economy” last year, claims an industry survey. Almost £23bn worth of new projects were started in the year to the end of June — a rise of just 6.6 per cent. The figures — revealed in the Jones Lang LaSalle (JLL) and Glenigan annual construction index — also show... Read More
After remaining largely untouched by months of civil conflict in the Ukraine, British businesses could now find themselves at the sharp end of any sanctions imposed after last week’s shooting down of a commercial airliner the Wall Street Journal reports. The deaths of 298 civilians — ten of them Britons — and the ever hardening... Read More
Boosted by the increased activity in the property market one Yorkshire developer has revived its acquisitions campaign with the purchase of a three-acre brownfield site near Wakefield. Leeds-based Gregory Property Group (GPG) confirmed the deal for the Ossett site close to the M1 motorway is one of a number the company is negotiating... Read More
A one-of-a-kind Cambridge innovation centre has been awarded £2m of Government funding less than two weeks after receiving full planning permission. The four-storey Epicentre research and development hub will be the first unit to be built at Haverhill Research Park which will ultimately provide up to 450,000sq ft of office,... Read More
Wanda Commercial Properties,the Chinese real estate developer, has agreed to buy a 90% share in a Chicago waterfront project. The site will include high-end residential units, as well as commercial space and a hotel. The company chairman has said that the Chicago purchase is the first of several that Wanda has planned in the United... Read More
Although many retail developments of late have included leisure aspects, few have contained the scope of leisure space of the intended Five Towns Park near Castleford in Yorkshire. Developer Lateral Property Group has this week submitted plans to the local authority which would bring not only a new retail park to the area, but also a... Read More
The International Property Measurement Standards Coalition, a nonprofit group made up of 45 national and international real estate organizations, is seeking to put into effect a standard system of measurement for the worldwide office market. The goal is to have a common set of standards that will allow investors, landlords, and tenants... Read More
Telford’s Southwater One this week welcomed members of the public to view the changes made to the once run-down property, marking the first phase of the regeneration of the town centre. The new building is home to Telford and Wrekin Council’s relocated First Point service, along with the new Southwater library, and so will become a major... Read More
Visual Mobile Technologies, a California startup, has completed beta testing of software that will allow property managers to document issues and manage maintenance workflow. The product, called vMobile Collaborator, which users have been able to access at no charge up to this point, will now be offered for sale. The technology uses... Read More
CBRE Global Investors has sold a 13-storey office block in the heart of Singapore’s central business district for $172m (£100m) — less than three years after it paid just $148m (£86m) for the property. Anson House was bought by Frankfurt-based fund manager SEB which paid slightly less than the $180m (£105m) guide price posted... Read More
A £300m scheme aimed at securing Chester’s place as a regional shopping destination has moved a step closer with the appointment of a design and development team. London-based real estate developer Rivington Land and architect ACME, which designed the city’s original master plan, will lead the mixed-use retail and leisure project.... Read More
The skylines of China’s rapidly growing cities are constantly changing as new construction projects are progressing. New office buildings, retail malls, and housing projects are being built at such a rapid rate that, according to CBRE, of the companies that created the most retail mall shopping space last year, nine were located in... Read More
The Tour de France may have moved on to more familiar territory but Yorkshire’s two-day involvement in the event will attract property investment interest for years to come, according to one expert. Xavier Adam — whose company AMC Network UK is bidding on four major Leeds deals backed by a £1bn war chest — says the build-up and... Read More
Following a surprise slowdown in construction activity recorded during the past three months, building firms are voicing concerns over a skills shortage which could impact on both residential and commercial development. This problem is especially pronounced in the West Midlands according to the latest UK Construction Market Survey by... Read More
After years of delays and the looming threat from an out-of-town retail rival Northampton Borough Council has “terminated” a £250m scheme to extend the town’s Grosvenor Shopping Centre. Signed in 2009 under a Liberal Democrat administration, the authority agreed a deal with owner Legal & General to enlarge the shopping... Read More
JPMorgan Chase — the New York-based banking and financial services holding company — has set aside more than £3bn for the “opportunistic” purchase of distressed and lease-expired European property. The three-year campaign to buy up commercial real estate in need of renovation or new tenants would quadruple its asset management... Read More
With the Federation of Small Businesses claiming that two-thirds of small firms are planning to expand within the next 12 months one East Midlands town says its dwindling stock of commercial property has reached “critical” levels. “As the economy improves, so do the occupier markets, and stock levels in the Wellingborough region... Read More
For several years now the Sports Direct chain founded by Newcastle United owner Mike Ashley has been a dominant force in the British retail industry, with a raft of high street openings and numerous brand acquisitions propelling it to massive success. Yet despite concerns by industry experts that the sportswear chain’s star would wane as... Read More
Since the opening of the £1 billion Liverpool One shopping centre in 2008, many retail districts in surrounding areas have struggled to attract consumers in the way seen before the recession hit. However, now that economic recovery is underway, several are choosing to fight back by upgrading existing facilities and creating fresh offerings... Read More
With the rise of the discounters still firmly a factor within the retail industry, supermarket chains such as Tesco, Sainsbury’s and Asda are facing increasing pressure to compete on price. However, this battle may become slightly more difficult in the near future as discount chain Lidl is seeking to expand in one of its least profitable... Read More
The Shard is the only commercial building shortlisted for the UK’s top architecture award. The London Bridge Quarter tower - designed by Italian architect Renzo Piano - features alongside two civic buildings, two educational institutions and a pool built for the London 2012 Olympic Games on the six-strong shortlist for RIBA’s Stirling... Read More
