A property partnership with a history stretching back to the nineteenth century is the principal sponsor behind a major exhibition of Victorian paintings. Strutt & Parker, founded in 1885, is sponsoring A Victorian Obsession: The Pérez Simón Collection comprising 50 rarely seen paintings from the largest private collection of... Read More
Wolverhampton Council has reported "significant interest" from businesses and retailers ahead of the 2015 completion of its flagship city centre office scheme. Work started last month on Interchange 10, a much-needed Grade A office block, part of a wider regeneration of the area around Wolverhampton railway station. The city... Read More
British Land, which announced its half year results today, has confirmed that the Broadgate Circle redevelopment is almost fully let ahead of its re-opening in the spring. The City of London destination is undergoing a £20 million revamp to provide additional food, drink and leisure outlets, along with improvements to the performance... Read More
After recently claiming that supermarket estates are 20 years out of date, Waitrose managing director Mark Price has now warned that Britain’s ‘Big Four’ grocery chains may soon be forced to implement a programme of wide scale store closures. Although chains such as Tesco and Sainsbury’s have already confirmed they will be... Read More
A £7 million industrial scheme is attracting increased enquiries after the steelwork appeared on site ahead of schedule. Portobello Trade Park, Gateshead’s first speculative industrial development since 2008, will deliver 15 high quality units ranging in size from 2,100 sq ft to 23,000 sq ft. When it is fully occupied, the park will... Read More
A world famous Tyneside shipyard is being transformed into a multi-million pound council-backed incubator and development hub for marine and offshore businesses. Rebranded as Swans — the former Swan Hunter shipyard at Wallsend — is being converted to flexible office space and advanced engineering workshops aimed at small... Read More
Deutsche Bank has agreed to sell a $2 billion portfolio of commercial property loans to TPG, a US private equity firm, it is reported. The deal is being driven by the upswing in the commercial real estate market, and Deutsche Bank is expected to post a profit on the deal. The transaction must be approved by regulators but could be... Read More
Independent construction firm, Howard Russell, has been appointed as the main contractor on the £2.5 million refurbishment of a northwest London fruit & vegetable warehouse. The Northumberland based firm will undertake the fit-out of Mash Purveyors newly acquired 53,000 sq ft property at the prestigious Park Royal Business... Read More
Hermes Investment Management has confirmed that two new tenants are to open outlets at its popular Royal Victoria Place shopping centre in Tunbridge Wells. In line with its ambitious expansion into the UK market, Australian stationary company Smiggle has agreed a 10-year lease on a 770 sq ft unit, while camera retailer Jessops is to... Read More
Each year, cities around the UK strive to put on the best Christmas celebrations possible as a means of attracting consumers from out of town retail parks, encouraging a higher level of spending and supporting local businesses of all sizes. This year, the annual festivities have kicked off in Birmingham, with the return of the Frankfurt... Read More
A specialist developer — which earlier this year snapped up Birmingham's historic Assay Office — has now completed South Yorkshire's largest property investment deal in decades. TCN UK, dedicated to creating unique and innovative workspaces for small and growing businesses, acquired Rotherham's disused civic offices site from the... Read More
Property auction specialist Allsop Space has set a guide price of €13.5m (£10.7m) for a package of 24 Irish industrial units spread across the country. The assets will be sold as a single lot in a straight sale. The Project Steel portfolio — predominantly made up of warehouse units located in Dublin, Galway, Mullingar and Monaghan —... Read More
With Tesco’s financial issues growing more prominent by each passing quarter, executives have made the decision to cut back on non-essential spending as a means of patching the large black hole discovered in the group’s finances last month. However, it has remained committed to investing in new assets at the same time, leading to the... Read More
As shopping centre owners nationwide attempt to capitalise upon the gradually improving consumer mood, a wave of expansions for developments around the country are being announced. One of the most significant expansion deals agreed of late is the Touchwood Shopping Centre in Solihull, which will undergo a multi-million pound redevelopment as... Read More
One of Europe's largest military ammunition dumps is being offered for sale by the Ministry of Defence as a potential logistics hub. MoD Longtown, on the Scottish border close to Gretna, is Britain's sole survivor from a trio of central ammunition depots created during the 1930s and 40s. The others, at Monkton Farleigh in Wiltshire and... Read More
Work has started on a €50m (£39m) plan to enlarge one of Ireland's most successful fashion hotspots — which already lists actress Elizabeth Hurley, model Suki Waterhouse and American socialite Olivia Palermo among its regular celebrity shoppers. Kildare Village, close to the M7 motorway in County Kildare, opened in 2006 and attracts... Read More
In the past few years, pubs have struggled to attract consumers through their doors – due to changing shopping habits and a stronger desire to save money on luxuries many of those who once frequented their local now choose to purchase cheaper alcohol for consumption in the home. While this has had a devastating impact on the pub industry,... Read More
The results of Quarter 3, 2014 Royal Institution of Chartered Surveyors’ (RICS) Global Commercial Property Monitor have been released, and Japan is on top when it comes to expectations of growth in commercial property values and rents. The survey also found that the UK and New Zealand are close behind, however. There are improvements in... Read More
The office market in Washington, DC has lagged behind that of other major cities. The federal government has made budget cuts and corporations have slashed costs, which have meant vacancy rates for office space has increased and rents have stalled in The District. These factors have not had the expected effect on the prices paid for office... Read More
A brewery site, which has stood empty for 14 years, is to become a high-tech business centre as part of a 20-year rolling redevelopment of Sunderland city centre. Construction and services giant Carillion has signed a pioneering deal with the city council to breath life back into a number of neglected Wearside sites. The contract is worth... Read More
Enterprise zones have proven invaluable in providing support for small start-up firms, with the business rate breaks, low rental costs and good locations encouraging more entrepreneurs than ever before to take the plunge and launch their own businesses. However, the scheme has also benefited numerous local communities, with the resulting rise... Read More
Sports Direct has become something of a dominant force on the High Street, with the rapid expansion of stores, the collapse of key rival JJB Sports and the purchase of shares in major firms such as Debenhams by founder Mike Ashley creating a solid financial base cushioning the retailer from any further economic pitfalls. However, the chain... Read More
