Shopping centre operator Intu Properties has reported continuing improvement in retailer demand, in its interim management statement which was published today. The company also confirmed that its £1.2 billion development programme is on track. Intu, whose estate includes nine of the UK’s top twenty shopping centres, has agreed 71... Read More
The transformation of one of Liverpool’s landmark office buildings into the UK’s second Aloft hotel is expected to create at least 50 new jobs. The £18m deal to convert the neglected Grade II listed Royal Insurance Building was only accomplished after a three-way partnership between Runcorn-based Ashall Property, English Heritage... Read More
NAB’s commercial property index recorded its first positive result since Q1 of 2011, but some markets are faring better than others. For the first time since Q4 of 2010, retail sentiment is recording a positive reading on the index. Stronger market conditions in Victoria and New South Wales are responsible for the shift in... Read More
A new business district is being launched west of Beijing, offering commercial and office space at competitive prices. Developers are hopeful that the area will become an important business hub in the same manner as Financial Street and the Central Business District. Chang'an Center will be located on a large industrial site which... Read More
A private development partner is being sought for a 44-acre brownfield site within the Black Country Enterprise Zone. Walsall Council and the Homes and Communities Agency (HCA), which owns the former IMI Copper Works site, have been discussing the potential for the renamed Phoenix 10 plot for several years. Both organisations say they... Read More
According to a new JLL report, that notes conditions improving across most sectors, offices are the “biggest winners” in the US Secondary and Sunbelt markets. The Fall 2014 Cross Sector Outlook was released on October 22 at the Urban Land Institute’s fall meeting and forecasts that vacancy rates in the office sector are expected... Read More
A Thai developer’s ambitious 125-storey skyscraper,which is being constructed as part of Bangkok’s central business district, will be completed in 2019. At 2017 ft, Grand Canal Land’s ‘Super Tower’ will be the tallest building in the Southeast Asian region and among the tallest in the world. At 1230 feet, Kuala Lumpur’s... Read More
The commercial real estate industry will continue to grow next year across most property types and markets, according to Deloitte. The company has prepared a report outlining its 2015 outlook where it states that access to capital will be another strong driver in the commercial market. US REITs Expanding Internationally Bob... Read More
A scheme that will see a former bank headquarters replaced with a state-of-the-art commercial tower has been approved by Manchester planners. The go-ahead for the 17-storey block on the city’s Mount Street was granted despite concerns its height would have a “detrimental” impact on nearby historic buildings. Developer... Read More
Scottish Enterprise has rolled out its latest 10-acre commercial development plan for Glasgow’s landmark Pacific Quay. Triggered by an increase in enquiries from developers and investors, the latest land release — within the 128-acre Pacific Quay site beside the River Clyde — comes with a mixed package of planning... Read More
As property values throughout the country begin to edge towards pre-recession levels, local authorities are keen to approve developments which could boost local economies. This has seen North Warwick Borough Council give the green light to an extension of the Centurion Park scheme close to Tamworth. The existing units at Centurion... Read More
The Priory, best known as the celebrity rehab centre of choice, is to open a clinic in the heart of the City as the number of working days lost to stress related illnesses soars. The new Fenchurch Street facility, which will open its doors before the end of the year, will treat clients with a range of mental health problems associated... Read More
Frustrated by its search for a new northern logistics hub, Amazon has taken a temporary lease on a Warrington warehouse. The global online seller has been searching for a 12 million sq ft site for more than two years and is known to have examined and rejected at least a dozen locations. Among the areas it has looked at and rejected are... Read More
A Battersea alleyway has sold for over a quarter of a million pounds as the London property market continues to flourish. The alleyway, between a coffee shop and a charity shop, was sold at auction this week where it had a guide price of £55,000. Savills Auctions described the alleyway as having potential, as it is close to local... Read More
Commercial property investment in the West Country looks set to hit a new record as global fund managers continue to look beyond the traditional markets, a new survey c. Third quarter figures for the South West — revealed in Lambert Smith Hampton’s (LSH) UK Investment Transactions report — shows that just under £1bn has been... Read More
As the Airport Commission continues to deliberate on the best option for the future of Britain’s airport capacity, Heathrow claims that public support for an additional runway is growing. According to Heathrow’s holding company, which also operates airports in Southampton, Glasgow and Aberdeen, a new runway would allow the UK’s... Read More
Hundreds of new jobs are in the pipeline as Leeds’ landmark urban enterprise zone witnesses the start of four major industrial projects — with three more awaiting consent. Work is already underway on two separate projects for Wilton Developments, expected to produce 80,000 sq ft of employment space between them. The two new units... Read More
Developer New River Retail hopes to bring a multiplex cinema, numerous retail and restaurant outlets and several residential units to Burgess Hill in Sussex through a mixed-use complex partly on the site of the existing Martlets shopping centre. New River Retail first acquired The Martlets in 2010, and since then has put forward a... Read More
An historic chapel once used by hit making trio Stock Aitken Waterman (SAW) is to become the headquarters of a newly demergered Manchester law firm. Pannone Corporate — formed earlier this year following the £33m sale of Pannone’s private client business and some of its commercial teams to Australian legal group Slater &... Read More
Since overtaking key rival Marks & Spencer in terms of both market share and annual sales, high street fashion retailer Next has been keen to continue building momentum in order to remain at the top of the chain. This has seen it engage in a programme of new store openings and existing store expansions, with British Land this week... Read More
In light of recent events around the world, including the GR458 vaccine outbreak in Belgium, many businesses are now at risk from Sub-Human or ‘Zombie’ related damages to their property and employees. A new upgrade is being offered by many of the top business insurers in the UK, but many remain sceptical as to whether they actually... Read More
Twenty councils from around the UK have backed a proposal to introduce a “Tesco Tax”. Led by Derby city council, the local authorities have called on the government to impose a tax on large retailers which would see businesses such as Tesco, Sainsbury’s and B&Q forced to pay an additional levy to local... Read More
