High 5 Games is the latest corporate tenant to sign a lease at One World Trade Center. The company has agreed to lease 87,663 square feet of space in the downtown Manhattan office tower. PTT, LLC, which does business as High 5 Games, is a content solutions company with customers in the online, land-based, social and mobile gaming markets.... Read More
An anonymous foreign buyer has paid almost £6m for an iconic office development on the banks of the Leeds to Liverpool canal. GMI Developments acquired The Waterfront five years ago following its construction by sister company, GMI Construction. The traditional mill-style building — close to the Salts Mill World Heritage Site at... Read More
A rapidly expanding leisure group has added six former De Vere hotels to its existing national management portfolio of 21 four-star sites. QHotels — which runs the Art Deco Grade II listed The Queens in Leeds and Manchester's iconic The Midland — has amassed a stable of five golf resorts, 18 spa hotels and two city centre... Read More
As Christmas approaches, retailers are hoping that the subdued consumer spending of late will pick up, allowing them to increase profits and guard the bottom line. Fortunately, it appears that the Christmas trading season has gotten off to a good start, with October seeing the end of stagnant and falling sales. During the month, sales... Read More
Although a number of shopping centre developments have been approved or pitched lately, in the UK overall shopping centre development has remained at a level first seen at the beginning of the financial crisis. However, West Yorkshire has somewhat bucked this trend, with the region’s commitment to growth allowing it to climb steadily up the... Read More
As Birmingham becomes increasingly relevant in Britain’s business economy, more and more business leaders are descending on the city to seek investment opportunities and expansion options. This, combined with a boom in tourism figures, has seen hotel occupancy in the West Midlands’ major city reach a new high according to a new... Read More
CBRE’s Debt & Structured Finance team has secured a $100 million construction loan for The Grove, located in Los Gatos, California. The project’s initial phase is now under construction and is scheduled to be completed in May of next year. It consists of two office buildings totalling 242,000 square feet which have been pre leased to... Read More
Bridgestone Americas Inc. is moving its corporate headquarters to a new 514,000 square-foot build-to-suit high-rise in downtown Nashville. The decision to make the move to the $232-million building was reached because Bridgestone had outgrown its current headquarters and the company decided to consolidate its operations in a central... Read More
As the north comes more prominently into focus with property investors from both the UK and overseas, local authorities in regions such as Greater Manchester are keen to highlight the positive impact an acquisition in the area could have. Along with providing strong incentives to invest, therefore, they are channelling a lot of funding into... Read More
As the global economy continues to take tentative steps towards recovery, consumer driven industries worldwide are once more beginning to thrive. This has seen retail rents in prime locations climb steadily, with New York’s Fifth Avenue now regaining the title of the most expensive international shopping destination. New York, and in... Read More
Black Friday was, for a long time, a purely American tradition shunned by UK retailers and consumers alike. However, with the advent of online shopping came the need for shopping centres and high streets nationwide to up their game in the run up to Christmas, with the four day period now one of the most hotly anticipated events on the retail... Read More
As retailers continue to invest in their store networks, shopping centre owners are increasingly channelling funds into providing commercial retail space which is attractive, flexible and most of all provides tenants with a steady stream of consumers. Owners of the Weston Favell Shopping Centre in Northampton, Redefine International, believe... Read More
Less than a year after it moved into its new Dublin base, Facebook's headquarters is up for sale with an asking price of €163.8m (£131m) — making it the republic's most expensive single office building since the Celtic Tiger years. The block, at No 4 Grand Canal Square, is being sold on by Chartered Land, which... Read More
Consumers continue to prioritise cost when shopping, meaning discount brands are now performing extremely strongly in the UK. This has particularly benefited Liverpool based discount chain B&M Bargains, which has just revealed an extremely strong first half report. In the 26 weeks to the 27th of September, turnover rose by 29.7 per... Read More
Ten years after it was first proposed, work has finally started on a £150m scheme to transform a northern Liverpool suburb. Codenamed "Project Jennifer" by developer St Modwen the new district centre for the Great Homer Street area will include the city's biggest food store after a 110,000 sq ft unit was pre-let... Read More
Mayfair’s Burlington Arcade has been one of London’s most attractive shopping destinations since its initial opening in March 1819, with a strong mix of independent and chain retailers. However, landlords have recently announced that the classic arcade will soon take a step into the high fashion field, as global powerhouse Chanel has... Read More
Unibail-Rodamco, Europe’s leading listed commercial property company, has shared the latest news from three of its shopping centre schemes at MAPIC 2014, the international retail property event currently taking place in Cannes. The company has confirmed the progress of Stockholm’s Mall of Scandinavia – known as the Home of the... Read More
Westgate Alliance –a joint venture between Land Securities and The Crown Estate - has confirmed that Curzon Cinemas and Michael Kors have agreed terms for space at its highly anticipated Westgate Oxford development. Curzon has signed for a 21,690 sq ft, 5-screen cinema, which will be situated in a dramatically designed building above... Read More
As the pressure on supermarkets continues to mount, it seems that the Big Four are caught in a never-ending downward spiral which is leeching profits, cutting sales and forcing them to halt ambitious store opening programmes. Unfortunately, the latest report from Kantar Worldpanel indicates that the current climate in which they... Read More
A Far East roadshow highlighting the advantages of a flagship Manchester Airport business park and logistics hub is already paying dividends — with one Chinese company in "advanced negotiations" over moving to the development. Manchester Airports Group has formed a four-way joint venture with Beijing Construction Engineering... Read More
For the past few years, retailers have headed the drive for the business rates system in the UK to be reformed, claiming the current method of judging how much tax businesses should pay based on their commercial property is unfair. However, manufacturers have now added their voices to the campaign, with some of the country’s largest... Read More
The City One development site in Leeds — subject to a lengthy legal wrangle over the building of Leeds Arena — has been acquired by Caddick Developments. London and Wetherby-based Caddick reportedly paid £10m to retrieve the 9.5-acre site from administration, beating several rival investors, and hopefully bringing an end... Read More
