According to a recent study, the UK’s fourth largest city could be missing out on attracting new businesses to the area due to a lack of Grade A office space in the centre. Creative Sheffield and property consultants, Knight Frank joined forces to conduct the study in Sheffield which found that only around a quarter, 28 per cent of... Read More
The Miami-Dade market is shifting into high gear as the supply of well-located industrial property continues to decline. The recent sale of a 73,500 sq ft warehouse in the Sunshine State Industrial Park is an example of area activity. The vendor sold the property to Miami Dade Printing Company for $3.6 million. Michael Silver, of... Read More
The venture capital group behind The Life of Pi film is launching a programme to make at least £2.25m available to the best creative and media start-ups in the UK. Ingenious Ventures has started its Ingenious Seed Investment Programme to make 15 payments of £150,000 to the start-ups by September 2013. Capital is already raised from... Read More
InterContinental Hotels Group has announced that the Crowne Plaza Charlotte Executive Park, the brand's new North Carolina location, is now open. The property was formally the Marriott and has undergone a renovation totaling several million dollars. The update focuses on guest rooms and common areas in the suburban hotel. The... Read More
According to a new report released by RealNet Canada Inc., property valuations have become so high in Vancouver's commercial market that it is starting to take a toll on the number of deals that are closing. The company says that capitalisation rates, which are the implied rate of return on a property, in British Columbia, have dropped... Read More
Around 300 new jobs are being created by Airbus as part of a Europe-wide expansion that is expected to create a total of 3,000 jobs this year. The UK vacancies will be at the plane-maker’s plants in Bristol and Flintshire. An Airbus engineer inspects a composite wing cover at Broughton The company says an extra 10,000 people were... Read More
US financial institutions that foreclose on commercial properties may find themselves in a position where they are liable if the site requires an environmental cleanup. This problem has been made worse by the global financial crisis. According to experts, smaller financial institutions, including mid-market firms, often do not have the... Read More
Stoke-on-Trent City Council is facing growing pressure to release land required by Intu Properties for the expansion of its city centre shopping destination. The sale has been mysteriously delayed after the council first claimed that they were prevented from selling the land, due to a contractual agreement with Realis Estates, and then... Read More
Marks & Spencer (M&S) are planning to build a new distribution centre in just 25 miles from London which will create up to 700 jobs in the South, the company has announced. The Essex warehouse which is due to open in 2016 will be built near Thurrock in the London Gateway container port. The port which is due to open later this... Read More
UNESCO is fighting a losing battle in its attempt to halt property developments it fears will damage Westminster’s World Heritage status, a conference has been told. Addressing the London gathering of the Council on Tall Buildings and Urban Habitat (CTBUH), architect Terry Farrell said the conservation body was “too late” and... Read More
This week, Balfour Beatty announced the upcoming closure of its Doncaster, Dartford and Rochdale sites after warning that full year profits are unlikely to be impressive two months ago. The closures are expected to affect at least 150 workers, most of whom will have to find alternative employment. In a statement to the press, the... Read More
West End strategists have been discussing the future of Oxford Street at a London property conference, the Evening Standard reports. Their discussions focused on the east end of the street which will be transformed by the addition or redevelopment of 220,000 sq ft of retail space and the arrival of Crossrail at Tottenham Court Road.... Read More
Earlier this week, London Mayor Boris Johnson gave the go-ahead to a project which has the potential to transform a derelict area of London’s docklands. Boris Johnson with Communities Secretary Eric Pickles The Silvertown Quays project, housed in the Royal Docks, will become a “shop free mall” of sorts, with two dozen state of... Read More
Canary Wharf Group has offered shoppers a glimpse of what to expect from the Jubilee Place Mall expansion by announcing the first nine tenants. Among the names unveiled are high end fashion brand COS, which will bring its combination of classic and modern designs to Canary Wharf, and renowned cosmetics brand bareMinerals which has a... Read More
During the recession, luxury brands such as Burberry struggled to draw in the crowds as consumers cut back on all but essentials in a bid to save money. However, surprisingly, the one area of the luxury market which remained resilient throughout was Health and Beauty – especially around Christmas, when sales of traditional staples such as... Read More
Land Securities has launched the next phase in the regeneration of London’s Victoria district, promising to deliver a ‘vibrant destination’ in which to work, live and spend leisure time. The £2.2 billion mixed use development, in conjunction with the Canada Pension Plan Investment Board (CPPIB), will provide 603,000 sq ft of... Read More
Iconic British toymaker Hornby has posted annual losses, 150 years after the birth of its founder Frank Hornby. The firm, which also owns Corgi and Airfix, posted a pre-tax loss of £3.4 million in the year to March, blaming problems in its supply chain and a drop in consumer demand for the disappointing result. Like for like sales in... Read More
With the European economic outlook still uncertain, many businesses which count the Eurozone as their primary market are travelling further afield in search of a more stable consumer base. Fashion retailers in particular are seeking to focus on online retailing in areas suffering financially and building up commercial property bases in... Read More
Sainsbury will put rival supermarkets under more pressure today when it is expected to report a further increase in like-for-like sales. Tesco, Britain’s largest retailer, reported a 1 per cent drop in like-for-like sales when it updated the market last week and Philip Clark, the chief executive, warned that his £1bn turnaround plan... Read More
Last week it was announced that architecture firms Wilkinson Eyre and Purcell would be joining a team tasked with the full regeneration of Battersea Power Station. Thanks to the contracts being awarded developers now have all relevant parties in place to begin, and aim to have on-site developments underway on the 30th anniversary of... Read More
The University of East Anglia (UEA) in Norwich is making preparations to break ground on the Norwich Research Park Enterprise Centre. The new facility will be an academic and office facility that has the potential to be the "greenest commercial building in the United Kingdom." CleanTechnica has reported that Norwich officials have... Read More
Since the start of the recession in 2008, consumers in the UK have faced pay freezes, rising energy costs and a dramatic reduction in the level of household disposable income available to them. However, the largest challenge facing the budget setters in each family has, arguably, been the almost continuous upward mobility of shop price... Read More
