Cambridge has been deemed the city with the best prospects for economic growth in the UK outside of London, says Lambert Smith Hampton's latest 'UK Vitality Index'. It reports that Cambridge knocked Guildford off the top spot as the destination that best supports economic growth over the next 12 months, making it the third year in a row... Read More
It was a successful year for UK shopping centres in 2015, which saw the investment market stay strong throughout, with a total of £4.3 billion traded over 86 assets. This is 8 per cent higher than the long term average of £3.98 billion, a report from Savills says. One of the biggest contributors, was the sale of Festival Place in... Read More
With 2016 under way, the serious threat of a slowing global economy will give the UK a "Cocktail" of serious threats, Chancellor George Osborne will warn. In a report by the BBC, it said that Mr. Osborne told them the economy was far from "mission accomplished" status and that 2016 will be "mission critical." This comes after... Read More
In the month of December, the UK service sector saw a solid pace of stablisation, with activity rising to a strong overall rate, according to the latest PMI survey data from Markit and CIPS. The strong rise of activity was supported by a sharp increase in new business, with outstanding business continuing to grow only modestly in... Read More
A revolutionary new way of marketing commercial offices in the UK to prospective tenants and investors is set to take a big leap, as CBRE and specialist technology company Virtual Walkthrough™ have formed an exciting new partnership, CBRE has reported. You'll be able to interact with an office space anywhere in the world. With the... Read More
With the recent resurgence of optimism in the construction sector, Godfrey Syrett, North East furniture manufacturer, has responded by launching a new division dedicated to serving the construction industry. A new Fitted Furniture Division is set to launch this month, with its main focus being to work with main contractors both... Read More
As part of the ever growing strategy to extend its services throughout the UK, Newcastle based Silverstone Building Consultancy has recently completed a six-figure refurbishment of historic building, Merchant House in York city centre on behalf of North East developers, Hanro. The specialist firm of building surveyors and project... Read More
It has been announced that Bilfinger GVA will be using its Economic and Property Market Review Seminar on 21 January to predict what areas are the best to invest in next year. The event is taking place at The London Stock Exchange and will be used as a platform to look into the performance of the London market compared to UK regions,... Read More
A report from commercial property adviser, CBRE, has stated that the amount of retail space in London will expand by almost 8 million sq ft over the next five years. It revealed that the planning permission, which has been granted for retail space in the London area, is an equivalent to the combined size of Bond Street, Regent Street... Read More
A committee of MPs has said that the government took "Little action" and were not alert enough regarding the impact of collapsing steel prices, as well as failing to push for EU action on Chinese imports, according to an article on the BBC. There have been a number of closures in the UK industry which has led to around 4,000 job... Read More
According to academics at De Montfort University, outstanding commercial property debt is on course to fall to its lowest since 2005, declining by 1% in the first half of 2015 to £163.7bn. However, there are strong levels of new loan origination in 2015 that will see the total amount outstanding might increase for the first time since the... Read More
It has been officially announced by joint venture partners, Bruntwood and Select Property that Circle Square is the new name for the former BBC site in Manchester. According to Bruntwood, Circle Square will offer a unique and diverse place where ideas can thrive, which will overall form as a key development for Corridor Manchester.... Read More
The hotel industry is one of the biggest within the leisure sector. Everyone snaps up the chance to get away from every day life and bask in the tranquility of a holiday. Travelling abroad is what many UK holidaymakers eagerly anticipate when summer makes its arrival. However, a report on travel dating website Tourbar, stated that... Read More
The UK's economic growth forecasts has been cut by the British Chamber of Commerce amidst weak performance of the trade and manufacturing sector. It was reported by the BBC that the business lobby group has cut its growth forecast for 2015 to 2.4% from 2.6%, as well as lowering its forecast for both 2016 and 2017 to 2.5% from 2.7%.... Read More
According to CBRE, levels of investment in the UK commercial property market have reached a peak in 2015, however prices are not expected to soften just yet. In a piece in the Financial Times, it said the firm predicted that for a number of years, UK real estate prices would be fairly high and by 2020, as rental growth moderates,... Read More
The speculative Team Valley SME development is expected to create 50 new jobs. The 22,000 sq ft development of counter and work shop units at Earlsway Trade Park is currently being brought forward by The Northumberland Estates. Letting agency, Naylors has been appointed alongside Cushman and Wakefield on the £1.6 million scheme.... Read More
Governor of the Bank of England, Mark Carney, has warned that the sharp increase in commercial property values is causing major concerns regarding financial stability, with European regulators closely monitoring the commercial property markets. According to the Telegraph, Mark Carney told European Parliament that valuations in the... Read More
Retail Logistics giant, Seko Synergy, has recently agreed a ten year lease renewal on its 126,000 sq ft Northampton based facility at the Distribution Centre on Crow Lane. Seko is an owner run business which has 30 years experience in fulfillment, fashion logistics and 3PL services and currently has 150 staff on site, with an... Read More
The historic Silverthorne Lane area in Bristol is now back in the limelight and providing much needed office accommodation for Bristol firms. Amidst occupiers struggle to find suitable space in close proximity to the city centre, Bruton Knowles has been in negotiations with regards to short-term leases for space within the former St... Read More
New research from Colliers suggests that going forward, UK High Streets are about to face drastic changes to the amount paid in business rates. In a report by the BBC, it said that the property consultant discovered 76 of the main towns and shopping centres will have an increase in their rates bill, with certain parts of London... Read More
Investment Director at Heartwood Investment Management, Alan Sippetts, recently made his predictions for the commercial property industry going into 2016, and his overall outlook seems positive, according to World Property Journal. Two areas in particular that are mentioned are the "niche" areas of office and industrial space. Mr.... Read More
Leading developer, owner and manager of prime regional shopping centres in the UK, intu, has reported a record breaking Cyber Monday with 125,000 visitors, a 127 per cent uplift from an average day. After the successful strong footfall of Black Friday and subsequent Saturday, with over 1 million customers visiting on both days, eager... Read More
