Northern Ireland developer McAleer and Rushe has submitted revised plans for a £100m mixed-use scheme to replace Newcastle’s ageing Newgate Centre. The company acquired the site in in 2006 and secured a similar planning permission five years later for a scheme which included three hotels, offices, retail and leisure units. It... Read More
Lloyds of London is involved in talks which could result in the insurer quitting its iconic City headquarters for the forthcoming Gotham City development according to the Sunday Times. Lloyds has occupied the Grade I listed Richard Rogers designed tower since 1986 but has made no secret of its frustrations with the building’s... Read More
Selfridges, the department store group owned by Canadian billionaire Galen Weston, has awarded the prestigious first phase of the redevelopment of its flagship Oxford Street store to a joint venture between start-up Blue Sky Building and veteran contractor Sir Robert McAlpine. Under a five-year, £300m plan additional retail space at... Read More
As the recession blows itself out across most of the country one of Britain’s traditional holiday resorts has yet to recover from the financial storm with more than 100 of its leisure properties up for sale — at a collective price tag of £20m. Scores of hotels, restaurants, nightclubs, bars and takeaways in the heart of Blackpool... Read More
A North-East property firm is on the hunt for new development opportunities after sealing what is thought to be the region’s biggest refinancing deal so far this year. Durham City-based 3R Land and Property, which has a sizeable commercial property portfolio across Durham, Newcastle and Gateshead, received the cash injection from the... Read More
Apple is preparing to move into a seven-building campus in Sunnyvale, California. The tech company will move as many as 1,450 workers into the new premises, according to commercial property sources and city documents. This deal is the latest sign of the company's expansion. It has been leasing office space in Santa Clara and Sunnyvale... Read More
In New York State, sales of religious property must be approved by the Attorney General's Office and signed off by a Justice of the Supreme Court in the county where the property is located before the transaction can be completed. These extra steps can add an additional six months to the process, when time to complete the extensive paperwork... Read More
After exiting the US market following the collapse of its Fresh and Easy brand, Tesco has pledged to focus upon its core UK and European markets in an attempt to turn around the steadily worsening situation which has seen both profits and market share drop in many countries. However, contrary to recent rumours, it has decided not to... Read More
The car manufacturing sector is consistently going from strength to strength in the UK, with the most recent results revealing that April brought another month of rising productivity within the sector. This has allowed many firms to invest in their factories, with the West Midlands in particular benefiting from the rise in employment this has... Read More
The rise in terrorist attacks and insurgency in parts of Nigeria has plunged the country’s property market into a new recession with a fall in demand dragging down values by as much as 40 per cent. With attacks like the kidnap of 200 schoolgirls from the northern Borno State, two bomb blasts in the suburbs of Abuja, and twin... Read More
Retail and leisure developments throughout the UK are thriving at present, with the effects of economic recovery particularly benefiting consumers living in the affluent south. Unfortunately, it now appears that the positive impact these developments bring to local economies may not be felt for some time in Devon, with local residents coming... Read More
Istanbul's office market hit a milestone in 2013, hitting record levels for completed transactions. Close to 250,000 square meters of space were registered last year. New development projects offered both pre-lease and pre-sale incentives to occupiers and investors, according to Cushman & Wakefield's Annual Review & Outlook Turkey for... Read More
Civic leaders are facing mounting pressure to explain how nine illegal immigrants came to be working on a £200m flagship Tyneside development designed to create hundreds of local jobs. Demands by Newcastle council leader Nick Forbes for “urgent talks” with contractors at the city’s 10-acre Stephenson Quarter site have... Read More
Development includes plans for High Line style ‘pedestrian spine’ Arena Central Developments (ACD) has confirmed that demolition and ground work will begin within weeks to allow the first phase of its 2.3m square feet Birmingham Arena Central development to start early next year. The developer has also appointed Make Architects to design... Read More
Harvester owner Mitchells & Butlers has expressed an interest in purchasing a large percentage of ailing pub company Orchid’s outlets. The cost rumoured is to be around £266 million. Should Orchid agree to the deal, Mitchells & Butlers will take over the running of 180 of the brand’s food led properties, leaving the 40... Read More
Legal and General is selling the London headquarters of one of the world’s oldest and most exclusive banks — just two months after acquiring its Strand offices in a £550m property portfolio deal. The sale of the Coutts & Co building at 440 Strand, is the first single lot to be sold off from the 55 properties the financial... Read More
Despite a rise in consumer confidence only four mixed-use retail and leisure schemes are currently under construction or recently opened in the country at present. One of these is the Parkgate scheme in Shirley, Solihull, which opened its doors this week after 10 years in the pipeline. The £85 million retail development is anchored by... Read More
Data from CBRE shows that overseas commercial property investors are increasingly interested in the UK’s regional cities due to a lack of supply of prime stock in Central London. Close to three quarters (74 per cent) of overseas investment in the first quarter of 2014 was in assets outside the central core, up from 61 per cent in the... Read More
Shopping centres have seen a resurgence in consumer footfall this year, after consistently losing business to online retailers during the recession. This has allowed developments such as Whiteley Shopping Centre in Hampshire to flourish in the past twelve months, with the centre having enjoyed a hugely successful first year since opening last... Read More
An American survey names Birmingham as the best place in Britain for business investment — with the West Midland’s city only outranked by Barcelona across Western Europe. Compiled by US-based business magazine, Site Selection, the publication’s sixth annual Best to Invest rankings saw Birmingham improve its standing by eight... Read More
The Lord Mayor of Dublin is the highest profile local politician so far to have publicly backed a government proposal to impose a levy on “mothballed” development sites. As part of its new strategy to kick-start the construction sector the Irish government has admitted there is a “strong case” for enabling local authorities to... Read More
A 19th century building, which earned a place in an influential book about England’s architectural treasures, has been bought by a private investor. The new owner of The Mount, in Sheffield’s Glossop Road, is thought to be local and acquired the Grade II listed building through property agency Commercial Property Partners (CPP).... Read More
