Cape Quarter Lifestyle Village, located in Green Point, Cape Town, has gone through a rapid regeneration due to the efforts of its managing agents Spire Property Management and owners Tower Property Fund. One of these changes is that a number of retail and office tenants have taken up space in the mixed-used centre. One of the newest... Read More
As office rents in the heart of Dublin hit record highs a business park in the south of the city has just gone on the market with almost a quarter of its offices still vacant. Office rents in Dublin are expected to rise by a further 15% by the end of 2014 Mount Pleasant Business Park in Ranelagh is being sold on the instruction of... Read More
Tesco was once the powerhouse of the supermarket sector, with its top spot in the UK chart generally undisputed. However, as rivals Sainsbury’s and Asda have become more popular, and budget chains such as Aldi and Lidl have won consumers who like to keep a tight rein on their spending, Tesco’s market share has declined rapidly and led to... Read More
Corpus Sireo — Germany’s largest real estate management business — is being offered for sale by its three savings bank owners. Lazards has been appointed to oversee the disposal and has hinted at a starting price of more than €300m . With a property portfolio exceeding €15.6bn , Corpus Sireo is jointly owned by Sparkasse... Read More
A recent report by the London Assembly Tories reveals that 28,889 incidents of crime against London businesses were reported to the police last year – equating to an average of 80 per day. The crimes include robbery, theft, verbal and physical assault and shoplifting. Westminster had the highest number of recorded incidents at 3,044... Read More
The legacy of the 2012 London Olympics has been widely discussed in the media, with most economists claiming that the Games were beneficial to businesses both in London and in the UK as a whole. Furthermore, the commercial property development in and around the Olympic Park has helped to regenerate the area. This week, iCity was... Read More
Lloyds Bank Commercial Banking has signed a five year financing deal with Dransfield Properties to allow it to complete the final stage of a Manchester shopping complex upgrade. An 80,000 sq ft Morrisons store will anchor the Lime Square development The £25m cash injection will see the final expansion of the Lime Square development... Read More
Newcastle International Airport bosses have unveiled a £30m open-ended business park plan which could attract dozens of new companies to the North-East and create up to 7,000 new jobs. The first phase of the scheme — in partnership with UK Land Estates — would see the construction of six office buildings on airport-owned land to... Read More
Standard Life has confirmed it is drawing up “contingency plans” to pull the majority of its operations out of Scotland if the country votes for independence. It is blaming “material uncertainties about money and regulations” for the post-referendum strategy. The Edinburgh-based pension provider — which has had its... Read More
According to data published this week by the Confederation of British Industry (CBI), 45 per cent of retailers surveyed, claimed their sales volumes are significantly higher than those recorded a year ago, with only 8 per cent reporting a year on year drop. This means that the balance amounted to +37 per cent, which was the strongest... Read More
Forty-five per cent of all American organisations suffered from some type of fraud in the past two years, according to a global crime survey. The figure for businesses outside the United States was not much better, with 37 per cent falling victim to fraud. “Economic crime has become a truly borderless threat,” warns Steven Skalak,... Read More
The future of 750 pharmacies also in doubt in strategic review The Cooperative Group was once one of Britain’s most successful mutually owned businesses, but recent troubles have seen financial issues plague the day to day running of the company. Last year, this came to a head when a £1.5 billion hole in the firm’s banking division was... Read More
Theme parks and attractions such as Alton Towers and Madame Tussauds are big business in the UK, with visitors pushing up profits year on year as they attempt to fill their leisure time. Now the UK is set to gain another themed attraction with a modern twist, as entertainments giant Merlin has struck a deal with DreamWorks Animation to create... Read More
Mergers between larger brands within the retail industry have become commonplace of late, with many firms concerned that the current consumer climate does not provide enough scope for large-scale profit rises when operating alone. While homeware and furniture brands continue to perform admirably due to the housing boom, other areas... Read More
Dublin’s booming technology sector has picked up so much momentum that it could well overtake London as Europe’s high-tech hub, according to one international property agent. A report from Colliers International, which looked at commercial property development across Europe, claims that internet, software and IT communications... Read More
As reported earlier this year, train stations are becoming key areas for retailers to open outlets due to the high level of passing trade and sales turnover. This has made the upcoming Canary Wharf Crossrail Station a lucrative location for many well-known brands, especially as the retail and leisure scheme will be located above the actual... Read More
With consumer confidence on the rise, and the retail industry seeing widespread recovery, administrations have slowed significantly in the past year. However, retailers which do not correctly meet the needs of consumers are still at risk – a situation which fashion retailer Internacionale has discovered to its cost this week. After... Read More
As the referendum that will decide Scotland’s future draws closer, the debate over whether to go it alone as an independent state or remain within the UK is heating up. Politicians from both sides are using every opportunity to present their case. Yesterday both David Cameron and Alex Salmond were on separate visits to Aberdeen, but... Read More
The retail industry suffered heavily at the hands of the recession, with news of administrations and liquidations hitting the press at an alarming rate. However, thanks to a combination of factors, recovery appears to be in full swing with the British Retail Consortium (BRC) predicting 2014 to be the year that retailers finally see the light... Read More
Some of Britain’s biggest landlords are due to be paid more than £3m they are owed in rent by the administrators of the collapsed Game retail chain, the Court of Appeal has stated in a landmark ruling. British Land, Intu, Hammerson and Land Securities all claimed they were owed millions of pounds in rent while Game was under... Read More
The Investa group has taken its second half-share in a prominent Sydney city centre office and retail development in as many months. Late last year the Investa Commercial Property Fund acquired a 50 per cent stake in the Glasshouse Retail Centre and an adjoining office complex at 135 King Street, fronting the city’s Pitt Street... Read More
A new report released by international real estate adviser, Savills, indicates that land prices are being boosted by demand from developers. Price growth is continuing to be led by the South East, but overall growth is improving across the UK. The report also shows that "improved confidence in the continued return towards functioning... Read More
