Without a single standard of measurement in use worldwide, it is challenging for buyers and sellers to get a firm handle on overseas property markets. That situation will change shortly, as a new global standard will be implemented later this year. Research conducted by Jones Lang LaSalle has found that different units of measurement... Read More
Denver's commercial real estate market has been ranked at No. 11 on the 2014 list of US "Markets to Watch" on the Emerging Trends in Real Estate report from Pricewaterhouse Coopers LLP and the Urban Land Institute. The survey respondents reported that they see the outlook for investment and development prospects to be "good for... Read More
The commercial property market has been showing positive signs of recovery for several months but the rise in the value of sterling is potentially unhelpful to the market, since it poses a threat to future growth. There has been a significant level of growth in the London and South East property markets recently and there are signs... Read More
The UK’s economic resurgence has led to hugely improved business forecasts, with exports and growth booming at present. Consequently, staff feel more secure in their positions and bosses better able to capitalise on opportunities that would have been met with caution during the recession. As a result, leading professional services... Read More
The GM Building tops the table of multi-million dollar property tax payers according to the New York Post. The Fifth Avenue building is due to be hit with a bill of $59.2 despite the fact that the property, revalued at $3.4 billion last year, is valued at only $1.57 billion by the city. The Stuyvesant Town-Peter Cooper Village and the... Read More
Property investors can now study a league table of American ski resorts offering the best investment potential. The report — compiled by US property firm Realty Trac— identifies 19 US locations with high quality ski resorts and ranks them according to the health of the local market and the possibility of acquiring profitable investment... Read More
Turkington Holdings — which made a loss of more than £25m in 2012 — has continued its sell-off strategy with the £2m disposal of a Northern Ireland leisure park. The sale of Eastpoint Leisure Park, near Dundonald, for around £2.2m is the latest multi-million pound sale by the Portsdown-based property group and is the first Northern... Read More
BlackBerry — the trouble-hit Canadian smartphone maker — is putting the majority of its property holdings on the market in a bid to raise badly needed cash. The Ontario-based company said it plans to use a combination of vacant sales and sale-leaseback arrangements for the disposals, which total more than three million square feet of... Read More
Economic recovery in the UK has led to widespread job creation, with employers nationwide keen to increase staff numbers in order to capitalise on a boom in orders from both at home and overseas. Yet while many believe the majority of these job opportunities to be concentrated in London and the South East, recent figures released by Sellick... Read More
Fast food has become an intrinsic part of British culture, with statistics showing that around 20 per cent of consumers visit chains such as McDonald’s, Burger King or KFC more than twice a week. However, amidst the obesity crisis and surrounding publicity, “healthy” fast food chains such as sandwich maker Subway have found themselves... Read More
The price of English farmland hit a record high last year and is now almost a better bet than investing in gold, claims the latest Knight Frank Farmland Index. With last year’s 11 per cent rise, it now costs £6,882 to acquire an acre of agricultural land in England. Land was not far behind the 14 per cent annual growth of the resurgent... Read More
Commercial rents in the Irish capital could rise by as much as 15 per cent this year as the city braces itself for a record number of commercial developments. Two of Ireland’s leading estate agents have confirmed the office market is leading the recovery with prime office rents in Dublin 2 and Dublin 4 to rise to about €435 per square... Read More
In locations throughout the UK, commercial agents are reporting rising demand as the economy improves and business confidence rises. This has led to agents in a number of regional areas voicing concerns over a lack of supply following years of almost zero commercial development. In Coventry and Warwickshire, this issue is becoming... Read More
With the high street recovering but still not out of the woods by a long way, ministers continue to seek ways in which small retailers and trade bodies can receive additional support to ensure the success of their businesses. However, it is not only the government that is concerned about town centres, as an increasing number of independent... Read More
Already one of Japan’s biggest distribution site owners and providers, Prologis is developing a new 440,000sq ft complex for retailer Töhoku CO-OP. To be constructed on a build-to-suit basis, the new facility will be located at Prologis Park Tomiya 3 with direct access to Sendai's central business district. No financial details of... Read More
With Belfast’s vacant office space down to just five per cent, demands are gathering pace for the Northern Ireland government to step in with commercial development cash. Currently the city has just 900,000sq ft of empty offices, but less than a quarter of that is air-conditioned and fully-fitted Grade A space. What’s left is... Read More
The Piece Hall, a Georgian building at the heart of Halifax, is to undergo a major renovation. As a result Calderdale Council has now closed the building to public access in order to allow work to create a new visitors’ centre and overall refurbishment to go ahead. The repair and conservation should take two years and cost a total of £19... Read More
Land Securities reports that a planning application will be submitted next month to install sunshades at its 20 Fenchurch Street tower to solve the building’s solar glare issue. The announcement came in the developer’s Third Quarter Interim Management Statement which was published today. The statement also reports high levels of... Read More
Leeds Arndale Centre has been snapped up by the Schroder Real Estate Investment Trust in a deal worth £16.23 million. The 125,384 square foot shopping centre was placed on the market back in October of last year and garnered a reasonable amount of attention before the Trust secured the deal last week. The centre was built in 1964 and... Read More
During the recession, a wave of administrations in the retail industry led to widespread store closures and contributed significantly towards high vacancy rates across the country. However, with business confidence now on the rise and a large number of retailers looking to expand, units on retail parks have become much desired assets once... Read More
In what is claimed to be the biggest Netherlands real estate deal of last year, Philips Pension Fund sold an Amsterdam office block for €215m. Situated within the Amsterdam South Axis, the country’s most densely populated business district, the Symphony Offices has been acquired by Deka Immobilien. The German asset management... Read More
This time last year, many of the surveys and studies coming from the retail industry showed that small retailers were struggling to keep their heads above water. High business rates, increasing utility bills and low consumer confidence all contributed to the bleak outlook for independent stores, with many closing each week, highlighting... Read More
