The cost of car parking, urban congestion, and the growing number of small town centre offices being converted to residential use is driving many companies to consider relocating to more rural premises, according to one property consultant. It’s a... Read More
The recession may be over but many property companies are still living through its vapour trail of late payments and bad debts, claims one of the UK’s leading corporate recovery lawyers. According to Eleanor Temple, a barrister at Kings Chambers in... Read More
Bayleys Research says that a healthy level of investor interest in New Zealand has pushed commercial property yields below the 5% mark in Queenstown. The latest report on the district's property market notes that the CBD in general is sought after, but... Read More
A company owned by one of Northern Ireland’s highest profile property developers has posted a £143m loss. Belfast Offices Properties blames its disastrous 2013 returns on a write-down in the value of its assets. Paddy McKillenco-owns the company... Read More
HULL City Council has unveiled the first £12.7m phase of the largest transformation project in the East Riding city’s history. The improvements — expected to cost at least £25m when complete — are part of the run up to Hull’s reign of UK City of... Read More
Apollo Commercial Real Estate Finance, Inc. (ARI), which specialises in high performing US property, has announced that it has closed on two commercial loan transactions worth $93.4 million. The company has also acquired commercial mortgage backed securities... Read More
Since the implementation of the 2012 Finance Bill began on the 1st of April this year, commercial property owners have gained unprecedented access to tax relief which, if claimed, could bring financial relief to new buyers. However, recent data from the... Read More
Despite a £16m plunge in the value of its property portfolio, Urban Splash — the company behind Birmingham’s landmark Rotunda and Fort Dunlop regeneration projects — has at last crept back into the black. The Manchester-based firm, which rose to... Read More
Property professionals attending the International Festival for Business, which opens today, will have the opportunity to take in three events over 36 hours. Scheduled speakers include Liz Peace, chief executive of the British Property Federation (BPF),... Read More
A West Midlands council has launched a campaign to attract businesses to one of its prestige developments by offering a series of business rates incentives. It’s hoped that as many as 1,600 jobs could be created at The Waterfront in Brierley by... Read More
