Ireland has completed its best year on record for commercial property deals, with almost €4bn (£3.1bn) worth of transactions completed during 2014. Supported by an additional €17bn (£13.3bn) worth of commercial property-backed loans and €8bn (£6.2bn) spent on the residential sector there is overwhelming evidence that "the... Read More
Right now, Christmas markets will be packing up for another year and stallholders will be counting the takings of the festive period. However, many will not simply be totalling up the proceedings of their tenancies but thinking back upon the charitable deeds conducted over the past month, with those in Belfast feeling particularly fulfilled... Read More
This Christmas, festive attractions have proved immensely popular with members of the public, with many consumers foregoing the opportunity to buy gifts online and instead turning to the local high street to meet their needs. As a result, experts are predicting one of the most successful Christmases for the retail industry since the onset of... Read More
An international festive lighting company that provides almost half of Britain's civic and corporate Christmas displays is transfering its UK base to Lancashire. Headquartered in Innsbruck, Austria — and with independently run subsidiaries in 28 countries — MK Illumination will be moving into its new Blackburn base early in the New... Read More
Manchester Airports Group (MAG) has unveiled plans for a landmark 260,000 sq ft distribution hub within the city's enterprise zone. The Airport City scheme is expected to create hundreds of jobs. Submitted jointly with logistics developer Stoford — which is working on behalf of an un-named "international investor" — the high-tech... Read More
CRT Property Developments — the organisation charged with regenerating former coalfields — has been granted permission to build a trade counter complex on a former Wigan pit site. A subsidiary of the Coalfields Regeneration Trust, CRT wants to construct five commercial units on land at Manchester Road, east of the town centre. The... Read More
A Barnsley logistics and distribution centre has been sold for a total of £30m to a joint venture between Credit Suisse and Westmount Real Estate. The 492, 000 sq ft warehouse is currently let to bedroom, bathroom and kitchen supplier Symphony on a 25 year lease. It is reported that the net yield of the property is around 6.3% with a... Read More
The growing number newly qualified chartered surveyors choosing to work in Britain is being blamed for an "acute shortage" of property professionals in Ireland. The claim comes from the Society of Chartered Surveyors Ireland (SCSI), which is also blaming a decline in the number of students graduating from property-related college... Read More
Shopping centre acquisitions have slowed somewhat from the peak period in the middle of this year, yet investors remain keen to lay their hands on properties which could feasibly produce a large return. This has seen London based NewRiver Retail take ownership of Morecambe’s Arndale Shopping Centre in a deal worth £14 million, reflecting a... Read More
As the year begins to wind down and the festivities start to spread, companies around the country prepare for that one night of the year where being caught drinking alcohol with your colleagues is deemed acceptable - the office Christmas party. This is a unique event on the calendar as it is a chance to take a rare glimpse of your work... Read More
The regions have benefited hugely in 2014 from widespread improvements to their local retail offerings, boosting footfall levels in town centres and creating opportunities for retailers to expand. Fortunately, it seems that this trend will carry through into 2015, following work officially beginning on Kirkstall’s new shopping... Read More
With the recent news that unemployment rates have seen a decline, the good news keeps on coming, as an expansion of an industrial estate in Staffordshire will see the creation of an impressive 464 jobs. The sixteen acre extension of the Hixon Airfield Industrial Estate will see the construction of brand new offices, storage units and... Read More
Building owners and occupiers are being warned that the combination of severe winter weather and the pressure to cut maintenance costs could leave them battered by a financial and legal storm. Citing several recent cases, Prop-Search director Chris Billson says owners need to be fully aware of the dangers that the combination of bad... Read More
British Land has submitted a planning application to develop a two acre site in Spitalfields. If approved the 347,000 sq ft scheme will deliver a mixture of office space, retail units, cafés, restaurants and apartments on Blossom Street. Head of Development for British Land, Nigel Webb, said that he sees the application as a significant... Read More
Hermes Investment Management has announced the arrival of two new occupiers at Royal Victoria Place Tunbridge Wells. The latest arrivals at the leading Kent retail destination are Oliver Bonas and The Body Shop. It has also been confirmed that Pandora is almost doubling the size of its existing unit at the centre. Oliver Bonas has... Read More
In the first 11 months of this year, the transaction value of commercial properties in China fell to a three-year low. Yung Ching Realty Group has attributed the decline to a move by several life insurers to focus on overseas property markets. Yung Ching, which is one of the leading local property agencies, has released numbers indicating... Read More
CBRE has announced that it has acquired IVI International. The White Plains, N.Y.-based company, which has been in business for 40 years, brings with it a history of providing integrated construction risk management and due diligence services to clients worldwide. Since property owners and occupiers are looking for one-stop solutions... Read More
Real estate firm Coldwell Banker is reporting that the commercial real estate market in Bermuda is looking up, after going through a difficult period. The firm stated recently that it had either rented or placed in contract close to 80,000 sq ft of office space in 2014. Most of this space was in the City of Hamilton. The firm also... Read More
Louisa Ryland House, which was placed on the market by Birmingham City Council in July, has been sold in a £7M deal to property development and investment firm Graftongate. Graftongate has not announced its plans for the building but an office scheme, which according to market sources, would have a gross development value of around... Read More
Planners have given the go-ahead for the revamp of a Cheshire town centre. Work on the £52m scheme to regenerate the retail heart of Warrington will start early next year. To be completed in two construction stages, the Bridge Street Quarter development will create at least 400 jobs and is scheduled for completion in 2018. "This is... Read More
A recently purchased plot of Market Rasen land is set to become the site of a five-star state of the art business park. The newly titled 'Kings Head Business Centre', which is located on the site of the furniture store 'Granddad’s Shed', will be able to house twelve businesses and have up to twenty members of staff. It was... Read More
Since the introduction of enterprise zones in the UK, thousands of small businesses have benefited from the business rate incentives, investment opportunities and boost to the commercial property stock in their local area. However, it has now emerged that the zones will also contribute to the greater good of the wider public, with more than... Read More
