London is one of the most popular tourist destinations in the world with its wealth of attractions drawing record-breaking numbers of visitors to the capital. However, as well as the culture, history and architecture, tourists are also drawn by the plethora of quality retailers who have set up shop in iconic London locations such as Oxford... Read More
Recent data assembled by Knight Frank reveals that The City’s office skyscrapers are able to command higher rents than their low-rise neighbours. The figures show that the premium paid for space in towers has risen to 8.3 per cent, compared with 4.5 per cent three years ago. Rents in the City’s towers have soared by 13.6 per cent since... Read More
Despite a return of confidence to the West Yorkshire commercial property market, a single industrial unit will be the area’s only new facility available for immediate occupation when it is completed this summer. Two new buildings are currently under construction at Wakefield’s Link 62 business hub. Elland-based Commercial... Read More
Eight year’s after the collapse of Manchester property lender Lexi Holdings the company’s administrators have so far managed to claw back more than £42m — with two-thirds of that being paid out to lawyers and accountants. In its latest creditors’ report KPMG says that, of the assets it has managed to realise since the... Read More
With a spate of Bank Holidays in April and May bringing a somewhat unexpected spell of sunny weather with them, British consumers took advantage by stocking up on summer goodies in order to enjoy barbecues and beach trips with friends and family. This saw sales at upmarket grocery chain Waitrose soar between the 12th and the 18th of May, with... Read More
Some of Britain’s biggest property companies have joined at least 400 other objectors — including investors, landlords and tenants — to air their concerns over the £50bn London to Birmingham HS2 project. The latest wave of corporate objectors delivered more than 4,000 pages of petitions to Parliament raising an arsenal of doubts... Read More
The improved economic climate in the UK has allowed businesses to expand at a rate not seen since before the recession struck in 2008, with firms in most industries channelling a rising amount of investment into commercial property growth. In turn, this has gone a long way in combatting the issue of unemployment, with the services sector in... Read More
In the 1940s it was the place where Hollywood’s brightest star’s came to relax. While the likes of Lucille Ball, Spencer Tracy and Clark Gable (pictured) sipped cocktails on the terrace, the swimmer and actress Esther Williams ground out lengths in a pool that would eventually be named after her. Now, after decades of neglect, the... Read More
A South Yorkshire council is considering launching a £2m property investment fund to kick-start the development of commercial sites and test the demand for future projects. Barnsley Council’s economic growth watchdog examined how the authority could create the right conditions to boost the town's economy and prosperity. After... Read More
With Admiral still in the process of occupying its new Cardiff headquarters the presence of the motor insurance group has already been praised for attracting new businesses to the city. One developer has claimed the so-called “Admiral effect” has triggered a rush by retailers for space at its St David’s Dewi Sant Shopping Centre.... Read More
While scores of companies are taking space in London’s Tech City, one national body is heading to the North-East to cash in on the region’s specialist knowledge of computer aided architectural design. RIBA Enterprises, the commercial division of the Royal Institute of British Architects, is quitting the capital and moving its... Read More
Commercial property investors who are looking for good returns on their investments may be better off looking towards locations such as Leeds rather than London over the next four years, a recent report suggests. The regional markets offer investors great value for money and the northern city has been declared the most undervalued spot... Read More
Ireland’s Director of Public Prosecutions has removed the final obstacle delaying a commercial court action by the family of bankrupt businessman and property developer Sean Quinn denying liability for some €2.34bn (£1.8bn) in loans given by the former Anglo Irish Bank (AIB) to a number of Quinn companies. The action by Patricia... Read More
Although London remains the key driver of economic growth on a UK basis, high demand for commercial property has pushed rents up and therefore limited the opportunities for entrepreneurs seeking to launch a new business. However, north of the border Scotland has seen a huge boom in the number of start-up firms beginning to trade in the past... Read More
The Canadian commercial real estate market is in good shape, according to CBRE Canada, which is forecasting a "steady and stable" remainder of the year. PricewaterhouseCoopers (PwC) has assigned an overall rating of "modestly good" to the country's nine largest commercial real estate markets. The forecasts vary depending on the asset... Read More
The Big Four supermarkets have continued to step up their efforts in beating discounters such as Aldi and Lidl by dropping prices, offering a range of promotions and launching advertising campaigns based around the quality of goods on offer in store. However, Tesco’s latest move focuses purely on helping customers to make healthy choices,... Read More
According to new research conducted by JLL, Auckland commercial property is expected to keep pace with demand. The current development pipeline is said to be "relatively well-matched" to the current demand profile which is forecast for the next 10 years. Between 190,000 and 200,000 square metres of office space is expected to be built... Read More
A national property firm with offices in the North-East, which has concluded more than 65 industrial sales and lettings in the past year, has identified eight of the region’s hottest commercial locations. Sanderson Weatherall — named “Property Adviser of the Year: Yorkshire and The North East” for nine consecutive years by... Read More
The price of commercial property in New Delhi, which includes retail space as well as offices, has dropped 30% from its peak value in 2008 due to a glut in supply and weak demand over the past few years. One-fifth of commercial space is currently vacant in India due to a slowdown in the economy, which has reduced the frequency of new... Read More
Discounters have become something of a force to be reckoned with in the UK supermarket sector, with the Big Four (Tesco, Sainsbury’s, Asda and Morrisons) increasingly losing market share to German imported brands such as Aldi and Lidl. In a bid to capitalise upon this rising popularity, Aldi has announced an acceleration of its already... Read More
Demand for commercial property in the West Midlands is on the rise, with proximity to economic hubs such as Birmingham deemed highly desirable for expanding firms. Furthermore, local financial powerhouses such as JCB and Jaguar Land Rover have invested heavily in growth since the start of the year, elevating investment into industrial... Read More
In the UK, a growing number of developers and shopping centre owners have begun to recognise the benefits of offering a fully rounded consumer experience as a means of increasing footfall and dwell times. Yet while this generally involves adding aspects to an existing complex such as a cinema, a food court or a gym, one German shopping centre... Read More
