Work has started on the first business park development north of the River Tyne since the onset of the recession. Earlier this year the Washington-based Hellens Group decided to breath life into an industrial development it moth-balled almost five years ago. The company had acquired a site close to the A19 and just north of the Tyne... Read More
The Christmas trading period always proves to be the busiest in the retail industry, with thousands of consumers flooding into their local shopping centres and spending hours online in order to find the perfect gift for friends and family members. However, many worry that their purchase will prove to be faulty and they will struggle to gain a... Read More
Airspace Investments, one of Ireland’s highest profile property firms, has bounced back from a €10.5m loss to report a 67 per cent rise in profits. O'Connell Street, Dublin In 2011 the company limited an unexpected loss by writing down almost €12.8m . Last year it wrote down another €418,932 in the value of its property... Read More
Britain is running the risk of becoming a skills desert if employers continue to ignore the value of older workers, a national expert on ageing has warned. "There is real value in retaining the rich skills of older workers, but few businesses have yet caught on to the huge potential of this growing population,” claimed Professor Tom... Read More
This week it was announced that Hull is to be the UK’s City of Culture in 2017, having beaten rivals such as Dundee, Swansea Bay and Leicester to hold the coveted title. Yet while this accolade will no doubt play an important role in boosting interest in the city, it is hoped that 2017 will usher in a period of much-needed prosperity for... Read More
Just days from the introduction of an empty property rate relief scheme for newly-built commercial premises the Government initiative is already attracting heavy criticism. The fine details of the £150m scheme have only just been released, but it is expected to benefit more than 11,000 new commercial properties including factories,... Read More
Seventy jobs will be created when SIG opens its new distribution “supercentre” on Tyneside next month. SIG Distribution — a division of the FTSE-listed construction supplies firm SIG plc — has almost completed work on a £2m depot on the former Newcastle Federation Breweries site at Dunston, Gateshead. The facility will... Read More
According to a report released by independent property consultancy Knight Frank, 2014 will be another year in which there will be stronger investment demand for prime office space worldwide. The Global Investment report indicated that improved economic conditions have led to a boost in property investment activity. Transaction volumes... Read More
Supermarkets have taken huge steps in revolutionising the weekly shop and making it easier for customers to purchase their groceries, with popular methods including click and collect and door to door delivery proving extremely popular with UK consumers. However, this week Asda has revealed plans to take this dedication to customer... Read More
Rigid workplace laws and social pressures mean that most Norwegian business premises are empty by four in the afternoon. Hardly encouraging for energetic entrepreneurs or conducive to new enterprises struggling to get off the ground. But now one the country’s first enterprise hubs is attempting to provide both mutual support and... Read More
Getting the right mix of retail and leisure outlets is essential to maintaining high street blood flow, a new survey claims. A majority of people prefer going to a restaurant or coffee shop in town rather than a shopping mall or out-of-town retail complex. And that, says Deloitte’s latest Consumer Review, is part of the key to... Read More
Chinese banks are on track to complete a major global expansion which may see them acquire as much as 2 million sq ft of commercial space in the City of London over the next 10 years, according to a report from Savills. The report states that the Chinese financial institutions see the UK capital as one of the key urban centres for... Read More
Rising residential property prices in London are fuelling a growing trend of office to home conversions. In desirable areas including Mayfair, Soho and Fitzrovia, developers are actively seeking commercial space which could be turned into residential units to yield a high profit. According to Mayfair estate agent Peter Wetherell, this... Read More
With Britain becoming an increasingly attractive destination for multinational businesses, the issue of the country’s airport capacity has been pushed into prominence. While plans for a Heathrow expansion, additional runways at Gatwick and Stansted and even a brand new hub airport in the London vicinity have all been submitted for... Read More
Crowds will gather in Dallas today to officially commemorate the life and death of President John F. Kennedy on the 50th anniversary of his assassination in the city. The ceremony will take place in the shadow of the former Texas School Book Depository, the building from which alleged assassin Lee Harvey Oswald took aim at the president from... Read More
Instead of building acres of empty business parks the North-East should invest in new enterprises and help established companies grow, one of the region’s most successful businessmen has demanded. Jeremy Middleton is a member of the region’s Local Enterprise Partnership which has £500m of European cash to spend. Instead of using... Read More
Land Securities, has revealed plans for a further two retail projects in key locations. Oxford and Glasgow are both to benefit from the creation of extensive and modern retail developments, with the initial groundwork expected to start in the coming months in both cities. Glasgow's Buchanan Galleries shopping centre In Oxford, Land... Read More
After six years in the doldrums commercial development projects in the Republic of Ireland are once again starting to accelerate. Fifty-five commercial land sales — worth almost €155m (£130m) — were completed in the first nine months of this year, the first time that number has been reached since 2007. The value of office,... Read More
As the economy recovers London leads the way in generating growth. However, the capital has been named as one of the worst cities in the country based on one measure of economic success due to the staggeringly high property prices and strong congestion levels on public transport. According to PwC and think tank Demos’ 2013 Good... Read More
Tie Rack has become the latest retailer to announce the cessation of high street trading. The chain has now launched a closing down sale in order to shift stock before closing its 44 UK stores, with all trade in town and city centres due to finish by the end of the year. Approximately 200 jobs will be lost in this move, which Tie Rack... Read More
The commercial development outlook improved this week after UK architects issued their highest workload forecast since 2009. The news comes in the October Future Trends Survey, from the Royal Institute of British Architects (RIBA), which also shows that the level of work currently in progress is at its highest since the beginning of the... Read More
Wearside is to get Europe's first low carbon vehicle research and development centre. Production of the Nissan Leaf has begun on Wearside Work on the Future Technology Centre site has already started and the 10 acre complex is expected to be open for business by the middle of next year. The project — whose motto is “Inspiration for... Read More
