The US commercial real estate market is surging ahead, and bringing with it fresh opportunities for investors and business owners. Chicago is among the leading US markets Property owners are making improvements to buildings and tenants are seeking out new space to let. The most encouraging news for the market is that investors are once... Read More
Throughout the recession London remained a prime destination for foreign investment and with recovery underway multiple developments are currently in the pipeline. One of the most striking of these is One Nine Elms which is due to be constructed on the site which previously housed the 1970s Market Towers development. Current development... Read More
Majestic Wine is defying the high street slump, as strong trading in more expensive wines helped offset a slow start to the year. The off-licence group has said sales to “commercial” customers were up 13.6 per cent in the year to April 1. Chief executive, Steve Lewis, told The Telegraph: “Where we’re opening, you find that... Read More
Mayor Boris Johnson hailed another landmark on the London skyline at a ceremony to mark the topping-out of the Leadenhall Building this week. The striking 47 storey office tower, popularly known as the Cheesegrater, has been under construction since 2011 and is due to be completed in 2014. In addition to the impact the building makes... Read More
In recent years, the internet has received the brunt of the blame for distracting consumers from local retailers. With a wealth of choice and variety at the fingertips of every shopper who owns a smartphone or computer, online marketing certainly has its advantages over the local high street – and consumers know it, with the number of... Read More
Isn’t it annoying when you are trying to eat healthy and you cannot find the fat, saturated fat, calories or sugars listed easily on the packaging of products? People don’t want to spend extra time in a supermarket reading the ingredients listed just to see how much of their daily intake it will take up. Some products already adopt... Read More
With property on the high street becoming increasingly popular with bookmakers and pawn shops rather than the traditional retailers, those attempting to increase town centre footfall have found themselves faced with something of a dilemma. While it is certainly true that the rapid spread of gambling chains allow vacancy rates to remain... Read More
Good quality farmland could practically triple in value by the turn of the decade according to a leading consultant. Addressing the Cereals 2013 event in Lincolnshire James Brooke, of land agent Bidwells, forecast that top grade arable land could hit £20,000 an acre by 2020. Currently it is selling for an average of almost £7,000 an... Read More
The government has revealed plans to increase its infrastructure investment in enterprise zones by £100 million. Eric Pickles A total of 13 enterprise zones have been selected to receive funding for 18 projects to build car parking, service roads and other infrastructure. The goal is to "transform shovel ready sites into job ready... Read More
The recent sunshine and increase in temperature across the UK has been welcomed by retailers, especially following last summer’s washout conditions. Yet unfortunately, May’s footfall figures have proven to be something of a disappointment after a relatively successful April, with shopping centres suffering particularly due to a certain... Read More
A Paris heritage group is opposing plans to erect a series of skyscrapers that city hall believes are essential in order to compete with international capitals like London. The Tour Montparnasse from the Jardin du Luxembourg SOS Paris, which has been defending the urban environment since the construction of the 50 storey Tour... Read More
A bookmaker has won its case against a London council that threw out its application for an operator’s licence for a high street premises. Newham councillors rejected the bid from Paddy Power in February in, what was widely viewed as, a test case against the spread of betting shops in economically deprived areas. Paddy Power won an... Read More
Bill Grimsey, the former Chief Executive of Wickes, has put together a small team of experts to help combat the decline of the high street. Mary Portas was drafted in by the Government for this role, but he feels an alternative review of the high street is needed. It isn't very helpful says Mary Portas Mr Grimsey feels that Portas... Read More
Oxford Properties Group has announced plans to develop an office tower in the heart of downtown Toronto. The Ernst & Young Tower will offer 900,000 sq ft of space to tenants and will be a Class AAA, LEED Platinum skyscraper. Ernst & Young, an international leader in tax, transaction and advisory services, will be the primary... Read More
The government is currently consulting on the details of its previously announced proposals to provide exemption from empty property rates for new-build commercial property. The move is designed to boost speculative development by removing the burden of business rates on the owners of unoccupied newly built properties. The relief will... Read More
The Welsh Government has entered the commercial property market by buying a Grade A office scheme from developer JR Smart at its Capital Quarter development. Under the terms of the agreement, the 80,000 sq ft building, which is currently under construction, will be ready to welcome tenants in March. JR Smart will also start work... Read More
There are encouraging signs that property investors are slowly returning to the provincial markets. The latest figures show that between January and April there was a doubling of transactions across the UK accompanied by a rise in capital values. Investors are turning to major provincial centres like Birmingham Since the onset of the... Read More
The IPD capital growth index results have been released and they show a month-on-month decline of 0.4 percent in April. If the figures are rounded out there is effectively no change. Offices were the best performing sector and retail was the worst which continues the established trend in the market. According to Knight Frank, the latest UK... Read More
Soho Estates will next month submit an application for a commercial development in Walkers Court. Besides serving as the new headquarters of the investment and development company, the building will house a restaurant and a 150 seat cabaret theatre. It will also feature a glowing sign paying tribute to founder Paul Raymond on the spot where... Read More
Business leaders have endorsed Birmingham Airport’s vision for the future which includes plans for the development of a business park and one of the largest conference centres in Europe. The proposals follow questions from the Airports Commission, which is assessing the need for additional UK airport capacity before reporting its... Read More
Since the property market crash, private equity and investment groups have descended on the Dublin commercial property market and have been able to pick up some bargains the Irish Times reports. One of the biggest investors to enter the Irish commercial property market over the past 12 months has been Kennedy Wilson, a US property... Read More
The recession in the Eurozone together with wide ranging austerity measures are having an impact on Western European retail markets, according to research conducted by BNP Paribas. The overall findings suggest that the prime retail sector remains healthy and is undersupplied in the face of strong demand. In the most sought after locations,... Read More
