Central and local Government must recognise the importance of the industrial sector, as both a valuable economic growth tool and for the role the logistics sector plays in ensuring commercial success of e-tailing and associated activities such as Black Friday, warns property industry. In the Delivering the Goods report published by... Read More
Falling in line with the business growth plan of workforce expansion to ten and £1m turnover by 2018, Newcastle-upon-Tyne based Silverstone Building Consultancy has recently recruited two new members of staff. The niche firm of building surveyors and project managers has been trading for six years as of last month, and due to the... Read More
Despite a share surge due to winter trading, renowned fashion retailer, French Connection, is to close three of its stores in the UK and four in the US in January as the brand's closure programme pushes forward. According to the Guardian, one of its biggest stores, based in Regent Street, is one of the many unprofitable branches that... Read More
Hammerson has announced that American barbecue restaurant, Red Dog Saloon, will be taking residency in the £80 million dining and leisure development in Southampton, in the brand's first move outside of London. Red Dog Saloon offers a signature range of authentic Kansas City style barbecue dishes and will take a 3,506 sq ft unit on... Read More
Business rates has once again been at the forefront for the Government, by announcing in its Autumn Statement that it will be doubling small business rates relief for a further 12 months, says Prop-Search. It was confirmed by the Chancellor that Small Business Rates Relief has been extended until April 2017, which means that around... Read More
British pubs have been at the heart of the social scene for decades, with thousands of loyal patrons across the nation flocking to their local public houses for a good night out with friends and family. However, the landscape has seen a dramatic change over the last decade and the once bustling environments have become but a distant memory,... Read More
With Black Friday set to cause a frenzy amongst shoppers and companies alike, a logistics expert at Colliers has said that the event will highlight a new need for super-sized warehouses. Head of EMEA (Europe, Middle East and Africa) industrial and logistics at Colliers International, Bristol-based Tim Davies, said that retail websites... Read More
On the eve of the Government's Autumn Statement, Colliers International's South West and South Wales business rates team has called for a clear target to ensure all appeals are resolved by 2017's Rating List release. Chancellor George Osborne is due to make his Autumn Budget statement in the House of Commons on Wednesday Based in the... Read More
As the end of 2015 approaches, the city of Cardiff has made strides in attracting major occupiers, investors and developers to become a "City in demand", according to a report from Knight Frank. The 2015 Cardiff Office Market review, presented by Knight Frank's managing partner in Cardiff Matt Phillips, explains that one major... Read More
The investment team at Naylors has sold two office buildings for the £1.2m asking price at Sunderland Enterprise Park. The investment properties on 2 & 3 Colima Avenue have been obtained by a cartel of private investors represented by Bradley Hall for a private Self-Invested Personal Pension (SIPP). Head of investment at Naylors,... Read More
The Chapelfield intu East Anglia’s prime shopping centre in Norwich is receiving more sparkle with two major brands, Pandora and Swarovski, which are set to become part of the large 530,000 sq ft shopping centre. Marketing research by major real estate advisor Savills showed jewellery companies were the top consumer demand during... Read More
It has been revealed that James Bond's legendary car maker Aston Martin is on the lookout for space in Birmingham for a major manufacturing site and its headquarters. License to Thrill- Aston Martin DBS' used in the legendary Bond franchise According to the Birmingham Post, Aston Martin is looking in the Sutton Coldfield area for its... Read More
According to research by Barclays and the Business Growth Fund (BGF), the number of new start-ups in the Midlands is still continuing to rise at a solid rate. The Entrepreneurs Index from Barclays and BGF, a bi-annual series that tracks the UK entrepreneurial lifecycle, reported that the amount of companies starting up has grown by 8... Read More
A report from the Office for National Statistics has stated that the Consumer Prices Index has remained at 0.1 per cent in October and in turn won't see a rise in interest rates any time soon. Earlier this month, the Bank of England said that the global economy was weakening, depressing inflation risks. This revelation has since had... Read More
Solihull-based pubco, Enterprise Inns, has suffered an annual loss of £65 million due to a revaluation of its pub portfolio. The largest pub owner in the UK Enterprise, confirmed that the loss compared with a £30m surplus last year, was after net exceptional charges of £162m (2014: £65m). This revaluation saw the overall estate... Read More
It has been reported that Hibernia Real Estate Investment Trust is borrowing €400m from three banks in order to add to its stock of central Dublin offices and buy distressed property loans. In an article on the Irish Times, the firm said that it had agreed a new €400 million credit facility with Barclays, Bank of Ireland and... Read More
With the minimal supply of modern industrial/business units available in Northampton, there is serious interest in Decorum Estates' exciting new 17,600 sq ft development on the Swan Valley Business and Innovation Centre. According to joint agents, Prop-Search, Ben Coleman Associates and Lambert Smith Hampton, Cygnet Court, the new... Read More
TH Real Estate has officially confirmed the John Lewis Partnership's agreement to the terms to anchor the 1.7 million sq ft Edinburgh St James development, one of largest current regeneration projects in the UK. This means that John Lewis will be remaining open throughout the development on the scheme and will eventually operate a... Read More
Investment management firm, Hunter, has finished the first acquisitions within the Hunter UK Retail Trust since the fund was launched in the summer. It comprises of three high street assets in Norwich, Ipswich and Edinburgh, with a total of £14,162,500. The closed-end vehicle’s strategy are in line with the acquisitions to invest in blocks... Read More
Construction on the brand new £2 million ŠKODA dealership at Belmont in Durham has now commenced. Acting as Project Manager on the scheme on behalf of Pulman Group is Newcastle based Silverstone Building Consultancy. The new build is going to replace the ŠKODA pop-up car showroom on Abbey Road which Silverstone designed last... Read More
With a recent influx of high profile food and retail offerings in Baker Street, W1, substantial change is taking place within the retail landscape of the area. This has resulted in a record high for rental levels, with £265 per sq ft, which is a 38 per cent increase from the last high. Its nearby area, Marylebone High Street, has... Read More
The major former Sandvik manufacturing plant in Swandlincote, Derbyshire, has recently been acquired by Roger Bullivant for £8 million. Roger Bullivant, who specialise in producing precast piles for foundations, is moving its Drakelow South Derbyshire based head office operation to the 22.44 acre site situated on Hearthcote Road, to... Read More
