Will you be taking your allocated lunch break today or are you, like the majority of employees, cutting short time away from your desk – something which could be having an adverse impact upon workplace productivity? According to a Bupa study, two thirds of the 2,000 participating workers questioned claimed that they regularly fail to... Read More
Investment in UK retail centres and central London shops hit a 10-year high last year, according to research by property agent Savills. Bouncing back to well above pre-recession levels, around £6.8bn worth of shopping centre transactions were completed during 2014 — up 43 per cent on the previous year. The highest year on record is... Read More
Queensberry Real Estate has begun the New Year by confirming that leading international fashion retailer River Island will be taking a unit at its 390,000 sq ft Friars Walk development in Newport, South Wales. River Island has agreed terms on a 10,000 sq ft, two-floor unit, opposite a space already taken by H&M. The youth fashion... Read More
Its name is known to many thanks to George Orwell’s 1937 book about working class life in the north of England, The Road to Wigan Pier. But today the area is a step closer to a major regeneration scheme after a developer was chosen to transform the canal side location. H20 Urban will undertake a mixed use development comprising... Read More
After facing controversy over its Christmas TV advert , it has emerged that the situation at Sainsbury’s has gone from bad to worse over the festive trading period. The supermarket brand has suffered its first fall in Christmas sales in more than a decade, indicating that consumers are continuing to spend at discount stores even... Read More
Restaurant and drinks chain Bewley's is blaming fallout from Ireland's "property bubble" for the closure of its flagship Dublin café, once frequented by Ireland’s literary elite including James Joyce, Samuel Beckett and Seán O’Casey. Announcing the "temporary" closure of its Grafton Street premises the company said the site was... Read More
A third consecutive year of double digit returns from UK commercial property assets is expected in 2015, according to investment strategists at Morningstar OBSR. Last year the IPD UK All Properties Index recorded returns of 17.5 per cent, following a figure of 10.9 per cent in 2013. The strong recovery of the market over the past... Read More
An American investment company had paid out £503m to scoop up a portfolio of distressed British commercial properties from multiple receivers. The London Stock Exchange-listed Kennedy Wilson Europe Real Estate purchased the sites from receivers working on behalf of Aviva Commercial Real Estate Finance. Included in the package,... Read More
As Birmingham continues to flourish as a prime destination for both new and established businesses, office market transactions have climbed to a level not seen since the onset of the economic crisis in 2008, with property experts in the West Midlands forecasting further gains for landlords in the coming year. Thanks to an exceptionally... Read More
Less than a week into the new year Bank Fashion — sold in November by JD Sports — has become the first retail casualty of 2015. weeks after it was sold by the North West sports chain to a turnaround specialist subsidiary of Hilco, the retailer has now been placed in the hands of accountants Deloitte. It's understood JD Sports passed... Read More
Although 2015 is set to be a good year for most major cities in the UK according to economists, it is Birmingham that is truly expected to shine thanks to the high number of retail, leisure and hospitality developments in the pipeline. However, it is not only consumer facing industries forecast to benefit from the Birmingham boom year,... Read More
Litton property group, a Derbyshire based developer, has proposed plans to create a brand new business park, situated near East Midlands airport. The 3.9 acre site near the M1 is located in North West Leicestershire, and has planning permission for a new entrance from the Finger Farm roundabout which is ideally situated in front of the... Read More
Entrepreneurship became one of the buzz words of 2014 in the second half of the year, with more people than ever before launching their own firms due to a combination of an improving economic climate and an increase in the number of incubators launched to help those with good business ideas get off the ground. This saw small businesses... Read More
Renting space in one of Dublin's prestige office quarters is likely to rise by at least 15 per cent by the end of the year, according to a leading property agency. Driven upward by the Irish economic recovery and the shortage of suitable space, global real estate services provider Savills claims that rents in Grade A office blocks in... Read More
The big supermarket chains, such as Tesco and Morrisons, are facing a slight challenge in 2015, as larger store openings are seeing a decline. With customers having other alternatives like online shopping, as well as the smaller discount stores of Aldi and Lidl, the need for expanded space are not required. The size of space required has... Read More
With 2014 quickly fading from the memories of businesses across the UK, most executives will be looking to the year ahead and setting targets for commercial growth and revenue increases in 2015. Fortunately, the foundations laid last year appear to have had a positive effect upon the outlook of companies, with a number of recent surveys... Read More
A West Midlands council says it has received an "enthusiastic" response from developers after it appealed for city centre regeneration proposals. Wolverhampton Council invited regional and national companies to put forward outline plans for the revival of the city's Westside and Southside areas. As part of its long-term action master plan... Read More
We have now seen the end of 2014. Now it is time to begin looking forward and anticipate what the new year has to offer. The website, Shroders Talking Point, have given their predictions for the commercial property markets in 2015. Here is a brief summary of what we found out. They have predicted that by 2015 the market will see the total... Read More
The dining scene in the North West of England looks set spearhead a change in restaurant trends across the UK, according to a new survey by accountancy and business advisers BDO. While Manchester will continue to enhance its "food revolution", BDO’s Restaurants and Bars Report claims that Liverpool, Leeds, Glasgow and Edinburgh will all... Read More
Cheshire-based Morbaine has been given approval to include food outlets within its latest Scottish retail park. It had already secured outline consent for 55,000sq ft of non-food outlets at its Fort William development. Planning officials had recommended against a mixed-use scheme at the North Road site, but Highland Council members agreed... Read More
One of the Government’s flagship enterprise zones has developed almost 100 new products or services in a single year, claims a new report into the Cheshire site's efficiency. The activity study into firms based at the Sci-Tech Daresbury Enterprise Zone shows that 70 per cent experienced sales growth during 2013 and an equal number... Read More
LEED (Leadership in Energy & Environmental Design) is an environmentally friendly (green) certification programme that was developed by the US Green Building Council to recognise the best strategies and practices in different building classes. In order to receive LEED certification, building projects must satisfy certain... Read More
