Family-owned Wilton Developments has sold its Latitude 135 distribution hub in a £9.3m deal — just days after a Scottish logistics company signed a ten-year lease on the 135,000 sq ft warehouse. Located within Latitude Park, an extension of Wakefield Europort, the building was designed and developed to Wilton's own specifications.... Read More
Increasing its exposure to the UK and Irish markets, the American private equity giant Cerberus has agreed to pay £2.3bn for two portfolios of distressed property loans. The Royal Bank of Scotland (RBS), and its Ulster Bank subsidiary, is reported to have lost £3.5bn in the sale. Cerberus agreed twin deals to take on the £1.2bn... Read More
London’s resurgent financial sector has increased the demand for office space in the capital to levels not seen for many years, leading to warnings of rising rents and supply shortages in the course of 2015. According to data from Cushman & Wakefield, leasing activity in the central London market reached 12.4 million sq ft last... Read More
Two more large scale projects have been unveiled for the Wirral Waters scheme, the multi-billion pound Peel Group regeneration vision for Merseyside's Wirral Peninsula. The first is being proposed by Peel itself — the real estate and transport group behind the £4.5bn rolling 30-year development — and involves the transformation of... Read More
A North-East council is expected to make at least £10m when a series of city land and property sell-offs is completed later this month. Cash strapped Newcastle Council bosses ordered the disposal of land, commercial units and houses in a "rationalisation" of its estate. It is in the process of auctioning off 15 properties and pockets... Read More
The IKEA Group has become one of the great retail success stories, with the Swedish furniture and homeware company gradually expanding its net to operate other businesses including hotels and shopping centres. Yet executives have revealed that the latter will be particularly pertinent in 2015, with the shopping centre division expected to... Read More
A new year is traditionally about resolutions. Losing weight, giving up smoking or getting more exercise. But if you spend most of your day in an office, improving your well-being can be more about what you ditch than what you do. So here are five unhealthy workplace habits to break in 2015: If you work in an office the chances are you... Read More
With New Year fast approaching, many UK workers will be turning their thoughts to potential resolutions they could make for the coming year. If your resolution is to move on with your career, find a more enjoyable work environment or even start afresh in a new workplace you’re in luck, as the top 25 places to work in the UK have now been... Read More
Confirmation that the National Asset Management Agency (NAMA) is about to sell its final batch of hotel portfolios has prompted one Irish property expert to predict that 2015 will see hotel values reach a pre-recession high. "Hotel trading and the tourism market as a whole has improved significantly throughout 2014 and this momentum is... Read More
Sales of commercial real estate in the Lower Mainland slowed in the period from July to September, compared with the same period in 2013. The Real Estate Board of Greater Vancouver reported that the value of transactions dropped to $1.2 billion during the quarter. This figure was 30.4 per cent lower than last year’s number. Total... Read More
Whether you're an owner-occupier or a tenant — and whatever the nature of your business — property issues will almost certainly demand your attention at some time during the life of your company. To ensure your enterprise continues to get the maximum possible value from its real estate it's important to understand all the issues... Read More
Staffordshire University has announced that it is to shut down the business village on Leek Road in Stoke-on-Trent in order to make space for new students. The building currently has 23 tenants who will shortly be seeking alternative accommodation. Deputy Vice Chancellor, Allan Howells, has issued letters advising the occupiers that they... Read More
Mixed-use and transit-oriented developments are becoming a staple of new construction across the US Southeast. Mixed-use buildings are now so popular that it is becoming increasingly rare to see a new office building being constructed without either a ground floor retail or a hotel component as part of the design. For example, the... Read More
With Christmas over, business leaders will be turning their minds to the New Year and ways in which to strengthen their company output over the next 12 months. One initiative they may wish to consider introducing, however, could not only benefit their firms but also the wider economy, according to a new report from the Centre for Economics... Read More
Everyone at some point has seen a building they recognise in a film or TV show. Commercial properties are frequently used as locations when producing the latest series or blockbuster movie. It brings in great revenue and exposure, and fans flock to see these buildings in person.So here is a list of ten buildings used in some of our... Read More
Christmas is over and many of us will be turning our thoughts back to the office after a relaxing break over the festive period. However, for some, Christmas will not necessarily have brought with it a break from work with a new survey revealing a startling number of employees in the UK fail to use up their annual leave... Read More
Due to the high cost of living today, many over 50s are being forced to remain in the workplace when, in the past, they may have been in a position to consider early retirement. Yet many are struggling to find work due to their age. However, a new initiative by the government will focus upon aiding older members of the workforce in finding... Read More
There is now overwhelming evidence that staff productivity can be seriously affected by office surroundings and conditions — and not just the buildings in which they work — one of Britain's leading environmental experts has claimed. Traditionally it was thought that design and materials were the prime causes of so-called Sick... Read More
The Homes and Communities Agency (HCA) — the Government's non-departmental regeneration and housing fund provider — has hired a Northamptonshire firm of chartered surveyors to manage its agricultural holdings. Kettering-based property and business specialist Berrys has been awarded the four-year contract and will handle the... Read More
Leeds has long been a prime destination for consumers in the north of England, with numerous ongoing retail and leisure developments building upon the buzz created by the opening of the Trinity Leeds shopping centre last year. This has seen footfall levels in the city centre rise by an encouraging 5 per cent in the past year, with local... Read More
The Christmas trading period is over for another year, and retailers will now be turning their attention to totting up their totals in order to judge how well they performed during this peak season. However, before any results have even been released, economists from credit rating agency Moody’s have already made their predictions as to... Read More
Santa’s job is done for another year and, all across the UK, children will be tearing into Christmas presents, parents will be panicking over the turkey and grandparents will be enjoying a well-deserved snooze in front of the TV. However, not everyone will be enjoying the most wonderful time of the year in this fashion, as many will be... Read More
