The plight of beleaguered shop keepers has been raised in Parliament by an MP who claims that one-in-ten retailers in her North-East constituency pay more in business rates than they do in rent. Speaking during an adjournment debate with high street... Read More
A Lincolnshire town which for years has carried hundreds of thousands of square feet of unused warehouse and office space has seen its stockpile of vacant commercial property halved as the post-crisis recovery gathers pace. At the depths of the... Read More
Profits from the Crown Estate have increased for the 25th year in succession. The organisation’s property portfolio has also reached a record value of £9.9bn. This year’s annual report and accounts, for the year ending in March, show that real... Read More
The former Mayfair offices of Jones Lang LaSalle (JLL) have been sold to one of India’s biggest real estate companies for a reported £155m. Indiabulls Real Estate acquired the 87,444sq ft building at 22 Hanover Square from Scottish Widows Investment... Read More
An Irish property developer is lining up his re-entry into the office construction market after nearly €400m (£320m) of his personal debts were transferred to the National Asset Management Agency (NAMA) during the financial crisis. Johnny Ronan has... Read More
If you were to ask New York commercial real estate executives what they think about prices in the Big Apple, more of them are likely to say that property is overvalued in comparison with other major urban centres around the world. Many of them believe that... Read More
Scottish businessman Iain Mercer has blamed the “banking sector” for the forced administration of his property and development company. He took over the Almondale Group, which has a portfolio of retail, office, industrial and research and... Read More
More than 80 national and international companies will descend on the North-East today to highlight the region’s success stories and promote potential development projects. Hosted by UK Land Estates, The North-East Commercial Property and... Read More
Despite the current business rates system being declared “unfit for purpose” the Government has decided to reject the latest calls for reform by MPs on the Business Select Committee. The body had recommended that the Government scrap the unpopular... Read More
Businesses which hold property portfolios could have their company credit rating downgraded under a New Year accounting shake-up, two experts have warned. Under revised accounting rules — which come into effect on 1 January, 2015 — companies with... Read More
