One of Australia's biggest logistics property groups claims it will create hundreds of British jobs if its plan to build a Derbyshire "big hut" is approved. Goodman — which owns, develops and manages warehouses and large scale logistics facilities around the world — wants permission to extend its Derby Commercial Park with... Read More
Investment returns on UK commercial property were the highest among nine key asset classes in the year to October, according to research from Lloyds Bank. The figures show that returns rose by 20.1 per cent, easily outperforming global equities, which climbed by 12.8 per cent, and UK residential property which made gains of 11.3 per... Read More
With Christmas fast approaching retailers are gearing up for their busiest time of the year, with many hoping that the festive season will allow them to put behind the woes of a particularly poor first half. However, at discount chain Poundland it is truly the season to be jolly, as its latest trading report has shown a huge growth in both... Read More
London is one of the world’s most desired destinations for business, with overseas investors from across the globe channelling millions of pounds into commercial property in the capital. However, in order to maintain and expand this current pace of growth, London Mayor Boris Johnson is leading a delegation to the Far East to encourage... Read More
The Humberside site on which British Aerospace developed its Hawk jet trainer — used by the RAF's Red Arrows display team since 1979 — has been sold in a £10m deal. East Yorkshire’s Humber Enterprise Park, on which BAE Systems still has a presence, has been sold to LC Industrial, a joint venture between Lumina Real Estate... Read More
Fears that reforms to the business rates appeal procedure would only generate more bureaucratic red tape have been eased by an apparent Government U-turn. In an open letter, the Department for Communities and Local Government (DCLG) has now confirmed that the Government "has decided to fold the consideration of reform of the... Read More
Investment firm KSL Capital Partners has agreed a deal with hotel group De Vere for its Village Urban Resorts hotel brand. The deal includes a total of 28 branded Village hotels, with locations including Coventry, Dudley, Walsall and Solihull. However, only 25 of the hotels are completed at present, with the final three under... Read More
The Grand Central retail and dining scheme in Birmingham is forecast to become one of the UK’s most exciting development launches of next year, with thousands of consumers expected to flock to its opening next September. Fortunately, it seems that none of those wishing to pick up a bite to eat will go hungry on opening day, as... Read More
Supermarkets have increasingly begun to focus on convenience retailing as they adapt to changing consumer habits, with most now cutting back on larger store openings to focus on smaller local stores. Now it appears that non-food retailers are beginning to follow their example, with Argos this week announcing the launch of its first London... Read More
After the surprise closure of a Tyneside hotel the landowner — property giant The Crown Estate — has now unveiled plans for a shopping park on the site. In July, staff and guests at the Travelodge on North Tyneside's Silverlink retail park, were given just hours notice of the budget hotel's closure and transferred to other... Read More
The UK’s largest listed commercial property company, Land Securities, has confirmed 127,000 sq ft of lettings across its shopping centre portfolio. At Glasgow’s Buchanan Galleries, three new restaurant brands and two top fashion brands will take space in the major extension to the retail and leisure destination in the heart of the... Read More
Secretary of State for Wales, Stephen Crabb MP, was impressed with the progress of Queensberry Real Estate’s Friars Walk development following a recent visit to the site. Mr Crabb visited the 390,000 sq ft Newport shopping centre with Chief Executive of UK Trade, Dominic Jeremy, to hear the latest news about the scheme, which is... Read More
The UK’s largest commercial property company, Land Securities, has confirmed the arrival of a number of major brands at its popular Portsmouth retail outlet, Gunwharf Quays. Mint Velvet, Asics, Coast, Watch Station, The North Face, Musto, Pret a Manger and Pearl Izumi have agreed terms on a combined total of 17,000 sq ft, marking a... Read More
After weeks of speculation it now looks certain the royal family of Qatar is lining itself up to make a multi-million pound investment in the redevelopment of Birmingham's Curzon Street Station — a key project in the HS2 network. Hints of an involvement by the oil rich state first surfaced last month when the Emir of Qatar visited... Read More
As supermarket groups continue to rein in spending by abandoning proposed developments, local communities are beginning to openly resent affected sites being left in almost derelict states in their wake. This has seen Walsall residents call upon the council to force owners of the Ravenscroft Shopping Centre in the town centre, with Walsall... Read More
As the economy continues to grow, overseas firms are expressing greater levels of interest into expanding existing sites within the UK. This has seen engineering group Siemens enter into discussions with Manchester City Council in an attempt to realise its ambition to transform its Didsbury headquarters into a “world class” facility... Read More
Property owners are legally responsible for business rates owed by a tenant who has ceased trading, the High Court has ruled. The precedent came with the court's rejection of an appeal by Schroders Exempt Property Unit Trust (SEPUT) that it could not be held liable for rates owed to Birmingham City Council once a tenant goes into... Read More
As supermarkets continue to squeeze prices in a bid to attract consumers and lift profits, retail industry analysts are becoming concerned about the impact this will have not only on the retailers themselves but also firms in their supply chains. This concern has been thrown into sharp relief this week, with the news that the number of food... Read More
After 63 years and 1,671 outlets, Britain's biggest bakery chain is about to add another chapter to its history — by selling its fast food afloat. In a pioneering venture with Wightlink, which operates ferries between Hampshire and the Isle of Wight, the Newcastle-headquartered Greggs is opening a store on board one of its... Read More
Canadian investors are turning their eyes south of the border their neighbours for investment opportunities and are finding a lot of them. Sales are poised to reach record levels in 2014 as soon as the country’s second-largest pension fund closes on its $2.25 billion purchase of a Manhattan property, according to data provided by property... Read More
A multi-million pound Warwickshire retail complex — still ten months away from completion — is now 100 per cent let. Being built by St Modwen as the fourth stage of its rolling 70-acre regeneration scheme on Rugby's Leicester Road, its latest 110,000sq ft Technology Retail Park will complement the nearby Junction 1 Retail Park , close... Read More
Brazillion billionaire Joseph Safra’s companies, The Safra Group, have shelled out over $1 billion to acquire 30 St. Mary Axe in London, known as “The Gherkin” due to its distinctive shape. Bloomberg has published a report stating that the company, which is based in Sao Paulo, has paid approximately $1.2 billion for the... Read More
