Edinburgh based property firm Cosmopolitan Investments has confirmed that it has let the remaining space in its Birch House development in Scotland’s capital city. The last 3,500 sq ft of space has been taken up by children’s charity Barnardo’s, with the agreement of a 10 year lease with an optional break clause in the fifth... Read More
Many regional towns and cities throughout the UK have begun to examine their commercial property options as a means of boosting the local economy amidst the investment boom benefiting the country from overseas firms. However, few have been as active as Grimsby in recent months, as it has been revealed that the town centre is now to benefit... Read More
Deloitte has today announced that Phil Bowers and Neville Kahn have been appointed Joint Receivers of 30 St Mary Axe, better known as the Gherkin. It is widely known that the City tower, recently voted London’s favourite skyscraper, has struggled with debt problems, and the owners have failed to reach an agreement over the... Read More
Liverpool Football Club, which stands on the brink of winning its first league title in 24 years, has taken a major step towards the redevelopment of Anfield after unveiling its plans for the stadium. The proposal involves detailed plans to expand the Main Stand and outline plans for the Anfield Road Stand. The combined expansion would... Read More
The Welsh Government has paid just over £12m for one of the country’s largest business parks as part of its campaign to attract inward investment. Its latest land deal comes just 48 hours after the authority spent £1.55m to acquire the site of a former Hotpoint washing machine factory. Originally built for Sony in the mid-1990s as... Read More
In recent years, online shopping has overtaken more traditional methods of retailing as the largest driver of growth in the retail industry. While there are pros and cons with both online and physical shopping, e-tailers can boast one advantage which commercial property based retailers cannot – their customers will not be held up by slow... Read More
The Boston Globe has hired commercial real estate firm Colliers International to identify potential buyers for the newspaper's Morrissey Boulevard headquarters. CEO Mike Sheehan has stated that selling the 16.5 acre site in the Dorchester section of the city will be "a very long process." Mr. Sheehan stated that until Colliers finishes... Read More
Discount retailers have become key drivers of growth in the UK retail industry, yet a common misconception is that only the grocery industry has been affected by a consumer desire to save. This is not in any way true, as budget fashion brand Primark’s meteoric rise to success has proven – and, bolstered by success around Europe, the... Read More
Increasing investment in UK commercial property is expected to push prices higher throughout 2014. London will continue to be the focus of interest, particularly in the case of overseas investors, but the regional markets will also benefit as investors look beyond the capital in search of higher yields. The forecast comes from a number... Read More
Discount shops proved to be one of the few success stories on the high street during the recession, frequently taking-up properties vacated by struggling retailers. This trend has continued with names such as Aldi, Lidl and Poundland all increasing their market share as consumers seek to reduce their shopping bills. However, somewhat... Read More
A Cheshire town has secured £1.7m of European funding to allow it to go-ahead with a new business “incubator” hub — capable of housing as many as 100 fledgling enterprises — as part of a multi-million town centre redevelopment. Warrington Borough Council has already lined up £8.5m for the commercial start-up complex, which... Read More
There was a sharp rise in investment in Swedish commercial property during Q1 of 2014, according to Savills, with the latest figures showing a 55 per cent increase on the same period last year. The international real estate advisor has also recorded a large increase in year-on-year transactions completed. Just over 100 deals were... Read More
Two of Leeds’ biggest office buildings are getting multi-million pound makeovers in a bid to transform the city’s “ugly duckling business district into a 21st century player”. The projects will also ease Yorkshire’s dire shortage of high-quality office space. Work has already started on the £2.8m upgrade of the city’s... Read More
After disappointing figures from the retail industry in March, many were hoping that the late timing of Easter would allow the high street to rebound in April. However, new data from retail data company Springboard indicates that, despite the sunny weather and plethora of promotions offered by retailers, consumers failed to turn out in great... Read More
Development Securities has acquired The Mall Shopping Centre in Armagh, Northern Ireland for £7.4 million. The Mall was first built in 1998, and since then has grown in prestige with the result that it now generates a net operating income of £748,000 per annum. Around 65 per cent of this income currently comes from the anchor, a 49,000... Read More
Nuneaton and Bedworth Council has become one of the first local authorities in the country to launch a pioneering property business. Profits raised from the venture will go toward funding council services. Nuneaton Town Hall: The council believes the new property business will generate a sustainable long-term income Established as... Read More
Belfast’s Obel tower — the tallest building in Ireland — has been sold for more than £20m. Part of a mixed-use development, it is thought that as many as 15 individuals and institutions had posted bids for the Donegall Quay site. The exact sale price is not being released, nor is the name of the new owner, but it is known there... Read More
As we reported yesterday, commercial property market activity in Yorkshire is growing as investors seek opportunities in the regions. Transactions so far this year in Yorkshire and Humberside are already showing signs of outstripping the entire 2013 total, according to Jones Lang LaSalle (JLL). But while rental deals and investments... Read More
More and more global investors are turning their attention to just four Canadian cities, prompting fears of a new commercial property bubble, claims a five-year forecast. The brokerage firm Jones Lang LaSalle (JLL) says that rising demand from global investors for commercial properties such as offices, shopping malls and factories in... Read More
As consumers continue to remain wary of excessive spending after four long years of recession, retailers are having to pull out all the stops in order to attract a higher level of footfall as a means of lifting sales. This has seen many unique concepts launched across the UK. The latest comes from sportswear brand Adidas which hopes that the... Read More
In 2012 property consultants GVA came up with a scheme to keep the 5,000 people who work in the Bristol offices it manages happy by introducing street food markets to the city’s business and financial quarter. But what started as a once-a-month trial has proved so popular the company has expanded the markets to regular Thursday... Read More
High net worth overseas investors have spent close to £1 billion buying commercial property in the Yorkshire area over the last couple of years, as the upturn in the market filters out from London to the regions. During the past decade, overseas investment accounted for only 12 per cent of total investment in the Yorkshire commercial... Read More
