Planning permission for a new warehouse and trade counter scheme at Albion Gateway in Burton has been granted by East Staffordshire Borough Council. The 34,000 sq ft development comprises a total of 11 units including warehouse/industrial units, trade counters, restaurants, a pub and a hotel. Work on the 10-acre site is due to commence... Read More
A North-East council has pledged more than £4m to help prepare an 82-acres site for one of the region’s biggest industrial estates. Highbridge Properties — the owners of Newcastle’s Cobalt Park, the UK’s largest office park — last year signed a collaboration agreement with North Tyneside Council to create Indigo Park, at... Read More
Inverclyde Planning Board has unanimously approved the extension to the existing “mini-park” on the site of the former Scott Linlithgow and East Glen shipbuilding yard in Port Glasgow where big brand names including B&Q and Costa Coffee are already tenants. The extension, expected to cost around £30 million, will diversify the... Read More
Although Northern Ireland has been slightly behind the rest of the UK in terms of economic recovery, there are signs that this is beginning to change – at least in terms of commercial development activity. One of the latest projects to gain approval is a retail park in the town of Holywood in County Down, where site owners are hoping a... Read More
Global property group Goodman, has begun the development of two state of the art offices at Uxbridge Business Park. The open plan offices will have 77,102 sq ft and 27,211 sq ft worth of space and spread over 3 storeys. Goodman own and manage the business park, with residents including Mondelez International, Amgen and Bristol-Myers... Read More
The northern focused development company, Sterling Capitol, has raised more than £7m through the sale of three of its Yorkshire assets. All three transactions were brokered by the Leeds office of Knight Frank and undertaken to allow the developer, chaired by Sir Bob Murray, to concentrate on its “exciting plans” for the three... Read More
Britain’s biggest commercial solar panel array has been installed on a vast East Midlands distribution warehouse. Power from the facility will provide 25 per cent of the electricity needed to run the retail logistics hub. Amber Infrastructure — the global fund and asset manager of sustainable infrastructure projects — completed... Read More
While major city centre regenerations continue to gather pace, the upturn in regional economies has meant that these advantages have filtered down into smaller town centres the length and breadth of the country. One area which is set to benefit from an uptick in developer interest is Darfield, Barnsley, where the council has given a scheme... Read More
Commercial real estate sales in the Canadian city of Calgary reached $3.2 billion in 2014, an increase of 2 per cent over the previous year, according to a new report from RealNet Canada Inc. The report states that 483 transactions worth in excess of $1 million were recorded over the course of the year, representing the fifth best year... Read More
Cheshire East Council has responded to Debenhams’ withdrawal from a major town centre development by pumping another half-a-million pounds into the scheme. The national chain was to have been the anchor tenant of Macclesfield's 200,000 sq ft Silk Street town centre redevelopment scheme. Retailers in the town have described the... Read More
It has become one of the most revolutionary advances in technology in decades. Last year we saw people printing cups, bike helmets and even food. The possibilities to indulge your imagination are endless, and, with that freedom, 3D printing seems to be here to stay - and logically it will have an impact on property development. Last... Read More
Rezidor Hotel Group, the owner of Radisson Blu, has confirmed that it is to open a new 220-bedroom hotel serving Birmingham Airport. The announcement coincides with the extension of charter flights to China and major commercial developments within the city designed to establish Birmingham as an international business destination. The... Read More
Built in 1992, the Buttermarket Shopping Centre in Ipswich was once a thriving retail destination yet in recent years the development has seen a distinct drop in footfall. However, new owner Capital & Regional is hopeful that a modernisation plan will encourage shoppers back through the doors and will allow the centre to return to... Read More
The Bracknell Regeneration Partnership (BRP) and joint partners Legal & General Capital and Schroder UK Property Fund, along with Bracknell Forest Council, have announced that Mace will take the role of main contractor for the £200 million redevelopment of Bracknell Town Centre. Construction workers will begin the earthworks this... Read More
Described as the last “major redevelopment site in the heart of the Square Mile”, Exemplar has sold the London Fruit and Wool Exchange building to M&G Real Estate for £55m. The property investor will now continue to work with Exemplar to redevelop the landmark site opposite Spitalfields Market and just over 200 yards from Liverpool... Read More
Birmingham City Council has unveiled a 37-acre jobs creation blueprint after the company behind Britain’s high speed rail network said it no longer needed the land for a train depot. HS2, the firm behind the £18bn London to Birmingham rail project, had originally wanted the entire former LDV-Alstom site in Washwood Heath for a... Read More
Yesterday we reported that a dynamic year lay ahead for the UK industrial and logistics market where transactions, take-up and investment are hitting pre-recession levels. This is certainly the case in the North East where demand is intensifying but, according to DTZ Research, a lack of “big shed” availability threatens to put the... Read More
Birmingham is becoming one of the most desirable locations in the UK for international businesses, causing a spike in demand for Grade A office, retail and industrial space. As a result, the Midlands branch of the Investment Property Forum (IPF) has revealed that the property investment market in the city is truly “back in the... Read More
After initially revealing the plans in January, Bruntwood has confirmed that its state-of-the-art business lounge is now open in the Plaza office development in Liverpool city centre. Located on Old Hall Street, the new flexible working facility features meeting rooms, informal seating areas and wi-fi access, and provides complimentary... Read More
Great Portland Estates (GPE) has confirmed that high street favourite New Look has pre-let the flagship unit in the firm’s ongoing 73/89 Oxford Street development. New Look will occupy a 31,800 sq ft unit split across the basement, ground, first and second floors of the complex when work is completed in April 2017. As an occupier... Read More
Last year was a record-breaking year for the UK industrial and logistics sector — with transactions and take-up reaching new heights, investment hitting record levels, and speculative builds finally returning to pre-2007 numbers. The good news comes in Lambert Smith Hampton’s (LSH) Industrial & Logistics Market 2015 report... Read More
The First Minister has welcomed the launch of a state-of-the-art “hatchery” at the Royal Bank of Scotland’s Edinburgh headquarters. The state-backed lender has announced it is converting the executive wing of its Gogarburn building, west of the city, into an incubator hub for early stage start-ups and high-growth, high-impact... Read More