As leisure complexes become increasingly popular with consumers, local authorities are increasingly granting planning permission for upgrades and redevelopments for existing facilities along with a significant uptick in new centres. This has seen Tewkesbury Borough Council welcome the start of work on a new leisure centre for the town which... Read More
Bulgaria has the distinction of leading the rise in commercial property sales in the EU last year, according to the results of a new study published by Cushman & Wakefield. In the latest edition of the International Investment Atlas, €254 million (US $286 millio) in transactions were completed in Bulgaria in 2014, representing an... Read More
A corporate pension fund client of international property investment manager, Cordea Savills, has agreed to finance the speculative construction of two Warwickshire ‘big huts’ along with developers Canmoor. The two Hams Hall warehouses will be built on sites codenamed Silver Bullet and Black Velvet near Coleshill and total 310,000... Read More
As grade A space becomes even more in demand in city centres, numerous developers are choosing to invest in building upgrades as a means of increasing returns from their properties. This has seen Grade II listed Bridgewater House in Manchester benefit from a £750,000 facelift which has now been fully completed. Once a packing and... Read More
According to Robert Hume, Development Director at Land Securities, when Crossrail makes its appearance in 2018, it will reshape London's transport, real estate and retail landscapes. In terms of commercial property, the introduction of Crossrail will be a huge benefit. It will travel from Reading to Shenfield, with visits to Heathrow... Read More
Sterling Property Ventures and Rockspring have unveiled their proposals for a landmark tower at the heart of Birmingham’s business district. The joint venture partnership plans to replace the 1970s Natwest Tower, at 103 Colmore Row, with a 26-storey glazed, steel and aluminium structure designed by London-based architects Doone... Read More
Plans to transform parts of intu Milton Keynes shopping centre have been described as one of the most significant retail and leisure developments in the area in over a decade. The work will focus around remodelling the 430,000 sq ft centre’s popular Midsummer Boulevard to provide a new two-level dining quarter and a five screen... Read More
Last year, the Government announced a review into the business rates system after widespread calls for an overhaul of commercial property tax. This week, the long awaited review has finally been launched and the results are expected to be announced in time for the annual Budget next year. Although the exact nature of the review is yet... Read More
Property advisor DTZ has been appointed to help find a developer for the Phoenix Site 10 in Walsall by the Homes & Communities Agency (HCA) and Walsall Council. Interested parties are now being invited to take part take part in a market consultation exercise. The 44 acre Phoenix 10 site is located in Darlaston within the Black... Read More
Real Estate Investors Plc (REI) has today released its preliminary results for the year ended 31 December 2014, reporting record revenue, profits and dividends. The report shows that revenue was up by 19 per cent, profits were up by 21 per cent and dividends rose by an impressive 50 per cent. A £20 million capital raise in March 2014... Read More
Almost three years after it was granted outline planning consent, Ballymore has announced it is pressing ahead with its third and final Snowhill development — helping to give Birmingham city centre more than two-million square feet of premium office space. Announced at last week’s MIPIM global real estate conference in Cannes, the... Read More
Two companies have recently taken occupancy of one of Bruntwood's Manchester city centre West Village buildings on the corner of Oxford Street and Portland Street. The new tenants are Visual Method, a creative studio which specialises in CGI, animation and interactive content for many UK retailers, architects and manufacturers, and... Read More
The multi-million pound upgrade of twin Leeds office blocks is paying dividends for a city based developer with two more prestige businesses agreeing to take space. Agents CBRE and Jones Lang LaSalle are about to negotiate the lease of the final office space within the recently refurbished 30,568 sq ft Minerva building after property... Read More
Luxury shoe retailer Russell & Bromley has joined the range of top names at intu Trafford Centre, after signing a 10 year lease on a 2,630 sq ft unit on the upper level of Regent Crescent. The new store, whose neighbours include Coast, Reiss, Radley and Molton Brown, is Russell & Bromley’s first opening in the intu estate,... Read More
The days when investors and developers could pick up Irish hotels at “bargain basement prices” are coming to an end, the boss of the country’s biggest hotel chain has warned. A year after it set off on a stock market flotation-backed acquisition spree, Dalata chief executive, Pat McCann, has claimed there are now around 100... Read More
More than half of the fund managers, lenders and developers who participated in a survey conducted by Knight Frank said that Malaysia’s commercial real estate market’s 2014 returns were worse than expected due to overpricing. The Malaysia Commercial Real Estate Investment Sentiment Survey 2015 also showed that 43 per cent of... Read More
The US office market has lagged behind other commercial property sectors, but is picking up speed as the economy improves and the job market gets stronger. The tech industry has been responsible for driving a lot of its strength. In locations where tech companies are moving, office markets are gaining ground. According to CBRE’s... Read More
During the MIPIM International Property Conference in Cannes, Three industry giants Lambert Smith Hampton, Countrywide and Hamptons International released a joint research paper that outlines recommendations for creating a ‘healthier’ UK property market. Titled 'Tonic for Tomorrow', the document highlights the structural issues... Read More
Microsoft has confirmed it is planning to build a new €134m (£96m) campus in Dublin. The development — which marks the 30th anniversary of the software giant’s presence in the Irish Republic — comes as an international survey claims the country is now the number one destination for American investors. According to the American... Read More
Only a few months ago, it seemed that Tesco had fallen to an irreversible low – its high profile financial scandal, teamed with many consecutive months of falling sales and a steadily ebbing market share, led many market analysts to wonder whether the UK’s largest supermarket group would ever be able to recover. However, according to new... Read More
The MIPM property show in France has revealed a number of exciting commercial developments both in mainland Europe and the UK, yet this week the bar has been raised yet again – this time by the country’s emerging development hotspot, Birmingham. Candidates representing the city have unveiled huge plans for the Wholesale Markets area,... Read More
Pulsar, the creative agency, has taken occupation of an office suite at the historic Grade-II listed Abney Hall in Cheadle, Bruntwood has announced. The firm works with the healthcare and pharmaceutical sectors and provides clients, including Novartis, the NHS and Teva, with brand and marketing solutions such as campaign planning and... Read More
