There are numerous exciting retail and leisure developments opening in the West Midlands next year, with Birmingham leading the charge to attract consumers from far and wide. Along with the Grand Central scheme above the refurbished New Street station, the UK’s first integrated leisure and entertainment complex will take up space at the NEC... Read More
HSBC's private client investment division has paid almost a quarter-of-a-billion pounds for Scotland's second largest retail complex. The Centre and Almondvale West Retail Park in Livingston were sold on by Land Securities as part of the property company's ongoing strategy to remodel its retail asset portfolio. HSBC Alternative... Read More
At MPIPM Asia 2014 - the international real estate show for professionals, which took place in Hong Kong, one of the popular topics discussed was the UK and London property price growth due to high demand from Taiwanese and Chinese investors. Managing director of M7 real estate, Richard Croft, has said that the industry is in a period of... Read More
Edinburgh-based Buccleuch Property has invested in the buoyant Cambridge office market with the £6.3m acquisition of a distressed business park. Mill Court, which currently has 15 tenants, is situated next to Shelford railway station on the south side of Cambridge and was bought from the receivers to the previous owners. In a... Read More
This time last year the retail industry was thrown into controversy when it emerged that some retailers, including department store chain Debenhams, had put pressure on suppliers to cut their prices as a means of “investing” in the bigger business. A year on it seems that little has changed, with a new report from the Federation of Small... Read More
New Scotland Yard — the home of the Metropolitan Police since 1967 — has been sold to an Abu Dhabi developer for £120m more than the guide price. The Westminster office complex was put on the market by the London Mayor’s Office for Policing and Crime in September, with a starting price of price of £250m. With more than a dozen... Read More
Supermarket giant, Morrisons, has caused fifteen complaints since it aired their new price matching campaign, Match & More. The scheme, launched in October 2014 by Morrisons chief executive Dallon Philips, claims that they can price match with rival stores, Aldi and Lidl, with the TV advert stating that they are the only supermarket chain... Read More
Commercial property advisors GVA has been named as the design team leader to mastermind a £74m investment plan for a Northumberland town. Heading a consortium appointed by the Arch, the Northumberland Development Company, GVA will act as team managers for the 12 month design period of the Ashington Investment Plan. The other... Read More
A pub and leisure group which pumped more than a million pounds into rejuvenating Newcastle Quayside has unveiled a new scheme to transform an historic corner of the city. The family-owned Ladhar Group's investment in the Quayside involved the opening of the Hop and Cleaver and The Redhouse bars and helped generate dozens of... Read More
A Merseyside-based shipping line is about to become the first in more than a century to get its own purpose-built Liverpool headquarters. The last was built for the Blue Funnel Line in 1924. Atlantic Container Lines (ACL) will move into its new 40,000sq ft Duke Street offices early in 2016, transferring around 180 staff form its... Read More
Five years after they were abandoned under a barrage of opposition, plans have been revived for a new motorway services station on the M42 near Solihull. A similar but smaller scheme stalled in 2009 after it was faced with bitter opposition from residents of nearby village who protested against the greenfield development and claims... Read More
A planning wrangle over a 900-acre energy park that could create as many as 4,000 jobs has escalated with Associated British Ports (ABP) demanding a Judicial Review into of the Government's approval for the scheme. The ABP move to block the Able Marine Energy Park (AMEP) on the south bank of the Humber has been described by the project... Read More
When the holiday season approaches, tensions run high, as everyone is out to get their loved ones the gifts they desire. With the modern age that we live in, the ideal presents are very expensive and for many, seem unattainable. But over the past couple of years, an event originating from America after Thanksgiving day called Black Friday has... Read More
With the economy steadily growing in the UK, it would be rational to think that the government’s focus would remain entirely upon capitalising upon this fact and improving circumstances for firms across the country. However, this is not the case according to one of the UK’s leading business groups, who this week have claimed that... Read More
American aerospace and defence company Lockheed Martin has entered into a partnership with global waste management company Concord Blue to build a five-megawatt power generation facility in Herten, Germany. The two companies have announced that they have signed an engineering, procurement and construction (EPC) contract. Under the terms... Read More
Although the Chancellor has promised a review of the business rates system in the UK, towns remain concerned at the level of empty stores on their high streets in the meantime. However, Rochdale in the North West has made the decision to take matters into its own hands and proactively tackle the issue head on by offering prospective... Read More
In the past few years, a poor economic climate and ongoing debate over business rates have spelled a certain element of doom and gloom over the shop keepers of the UK. However, those feeling a little down on their luck can take comfort from the fact that, according to the majority of Britons, they are currently “living the dream”, at... Read More
The news from supermarket giant Tesco continues to go from bad to worse, with low consumer interest and increasingly stiff competition from discounters exacerbating the problems caused by a £263 million profits misstatement issued earlier this year. This week, the retailer has been forced to issue a profits warning for the full... Read More
The commercial property market in Poland is facing a commercial property glut, according to the Central Bank. Developers are adding new projects even though current supply outstrips demand. Prices for commercial property in the country, which is the European Union’s biggest economy, have continued to slowly decline in Q3. Office... Read More
At present the UK High Street is continuing to struggle with low consumer spending, high operating costs and strong levels of competition forcing many retailers to cut their prices as a means of attracting customers. However, it seems that a new retail company will soon be entering into the highly competitive market, revolutionising consumer... Read More
A Chinese businessman looks set to be allowed to transform a 1970s West Midlands' office block into a hotel and base for Far East tourists. Dr Mingliang Chen bought Sentinel House in Peel Street, Eccles, a year ago for £2.8m. The owner of Milton Keynes-based travel agency, Omega Travel, claims the 15-storey building is located exactly... Read More
The Scottish government has launched a double-edged land reform consultation which will make it easier to trace landowners — but severely restrict who the land can be sold to. Existing methods can make it laborious to trace and contact landowners, claims ScotGov, "frequently obscuring who actually has control over land and making it very... Read More
