The interior of Britain’s UK commercial property is changing; it would appear that the days of rabbit warrens with dark corridors and divided offices are gone.... Read More
As well as a great place to invest in residential property, the Washington-based, Urban Land Institute (ULI), found Paris to be a favorite choice for those looking to purchase office, retail and distribution space. Therefore, if you are looking to invest in commercial property then Paris could be the way to go. Made up of 20 districts,... Read More
He’s tackled the diets of a million Americans and the menus of schools across the UK, and now he has plans to add commercial property to his already heaving list of business ventures. Already the owner of three sites in London, Jamie Oliver is bringing his popular restaurant chain, Jamie’s Italian, to the corner of the Angel Building, a... Read More
I want a property in Spain…sometimes when I look at the weather from my serviced offices in London I feel the need for sun, swimming and sangria. And you can get some good property deals in Spain, but is it a good investment? Well, the Spanish property crash, sadly, continues – as shown by the huge drop in Spanish property valuations... Read More
Property prices in Northern Ireland have exactly halved since the peak, a major survey has found. The Halifax quarterly index shows that property values in the province have fallen 49.9 per cent from their highest point in 2007. In the first three months of the year, the average property in Northern Ireland was £115,093, according to... Read More
The Royal Wedding has only recently left the front pages, but another union involving a King has found its way into the commercial property spotlight. Unusually, the King will take the partner's name in this lavish £197m liaison, rumours of which surfaced just weeks before completion. It is the news of the merger between US global... Read More
It stands to reason, with the current attitude that banks have towards lending, that there are more people looking at renting than ever before. Not just renting of commercial property or serviced offices, we are also talking about residential renting. Buyers who can't sell are letting their houses in order to move on. Those testing country... Read More
Whilst I sit here in my serviced office, wondering if I can squeeze a discount out of my landlord when the new lease is due for negotiation, some people are having to contemplate far more serious problems. Property prices remain out of reach for many new buyers and it's easy to see why so many people are being pushed out of the market.... Read More
It wasn’t that long ago when I was looking to find some serviced offices in Dublin. I was desperate to join the new Green tiger economy – the future powerhouse of Europe. Money had been spent, business was booming and property, particularly commercial property, was almost impossible to find. Well, what happened? How did something so... Read More
Having placed their faith in the private sector as the vehicle for the UK economy’s recovery, the Government seems to be insisting that the commercial property sector jump on board, with Government Minister Greg Clark in the driver’s seat. The Planning Minister has unveiled a draft policy designed to give businesses a greater say in... Read More
A recent report into the market for serviced offices globally conducted by CB Richard Ellis (CBRE) indicated a continuing bounce back in commercial property rents worldwide, with much of the power behind it coming from Europe, the Middle East and Africa (EMEA). Whereas globally the rent index for serviced offices showed a year-on-year rise... Read More
Liverpool’s commercial property market has struggled in 2010, according to new reports released. It has been a harsh twelve months for the city that gave the world the Beatles, with new data revealing that there was a 50% slump in take-up for Liverpool city centre offices in 2010. The 2010 Liverpool Commercial Office Market Review,... Read More
The commercial property industry has bought the Lycra, drank the protein shakes, watched the Mr Motivator DVD and now it is reaping the benefit of its new regime. It has revealed a newly-slimmed figure; £293bn, which was the amount of debt secured against commercial property in 2010. This represents a fall from £300bn, which arose out of... Read More
After the royal fanfare that greeted the highly-praised results of Land Securities, British Land didn't quite manage a headline grabbing Pippa Middleton performance, but neither was it a shunned Sarah Ferguson show. Instead, the UK commercial property investment, management and development company delivered a solid round of figures, competent... Read More
Developments, rather than acquisitions, will be Great Portland’s focus, after it posted positive year-end results to March 2011. After registering a 26.9% increase in property portfolio value, a jump in pre-tax profits from £156.6m to £261m, and completing commercial property purchases worth £213m, the property and investment company... Read More
Warrington must offer more than just business parks. That is the view of the Warrington Annual Property Review for 2010, released this month. The review has been compiled by Warrington based property consultancy BE Group and provides an overview on movements in the commercial and industrial property market. Over the course of the last... Read More
During the past few years we have seen more and more British household names disappear and earlier this month we found out we could lose yet another. Focus DIY, the do it yourself and garden retailer, with 178 stores across the UK, announced on the 4th May, that they had appointed administrators. It was agreed last week that Travis... Read More
There are new concerns over the commercial property market in the UK, as two of the UK's biggest property companies have provided fresh warnings about the health of the economy after reporting that business demand for new commercial space remains fragile. The industrial property company, Segro, said its vacancy rate increased by 0.1 per... Read More
It is hoped in Yorkshire, that Leeds will soon be challenging the North’s traditional commercial property heavyweight, Manchester, following completion of the Trinity Leeds Scheme. Trinity Leeds is a £350 million development which will offer over 120 modern, flexible retail units ranging from 100 to 100,000 sq.ft and is located in the... Read More
The Royal Wedding may have slipped from the news but in commercial property a new royal story has surfaced. Mary Portas, retail marketing consultant and star of TV programme ‘The Queen of Shops’, has been appointed by Prime Minister David Cameron to head an independent review into the future of UK high streets. In the show, she uses... Read More
Land Securities is sitting pretty, on top of a gleaming, fully operational commercial property portfolio. It is gazing up at the sky, seeing clouds spelling out the phrase ‘pre-tax profits of £1.24bn’. These are the full-year figures posted by the UK’s largest commercial property company, 14.8% up on last year and easily exceeding... Read More
‘Time ladies and gentlemen please!’ is the call from Royal Bank of Scotland (RBS), as it announces plans to offload the 900 pubs in its impressive commercial property portfolio. Among those it is asking to pass back their empties and vacate the premises is the film director and ex-husband of Madonna, Guy Ritchie, who runs the Punchbowl... Read More
