Four years after a landmark legal ruling the Court of Appeal has stepped in to close an administration loophole that could have cost property owners millions of pounds in lost rent. The judgement has been described by one leading commercial agent as a “real... Read More
Six month after it announced it was selling London’s Corn Exchange office building, Credit Suisse Group AG (CSGN) has confirmed it is liquidating commercial property funds worth more than €700m (£568m). All 20 properties in the sell-off package... Read More
The Charity Commission has opened an inquiry into a housing trust’s use of commercial premises which may be liable for business rates. The Augustine Housing Trust — which describes itself as a “storage charity” — is already under... Read More
For many retail developments throughout the UK, the end of the recession has brought an increase in prosperity as consumers regain confidence and begin to spend in earnest one more. Yet for some, high competition in the surrounding area has brought the need... Read More
The ever dwindling supply of office space within London’s M25 could push up rents by as much as 15 per cent, a leading property consultancy has warned. There were 57 commercial deals worth £500m in the M25 catchment area during the first three... Read More
The rise in terrorist attacks and insurgency in parts of Nigeria has plunged the country’s property market into a new recession with a fall in demand dragging down values by as much as 40 per cent. With attacks like the kidnap of 200 schoolgirls from... Read More
Istanbul's office market hit a milestone in 2013, hitting record levels for completed transactions. Close to 250,000 square meters of space were registered last year. New development projects offered both pre-lease and pre-sale incentives to occupiers and... Read More
Civic leaders are facing mounting pressure to explain how nine illegal immigrants came to be working on a £200m flagship Tyneside development designed to create hundreds of local jobs. Demands by Newcastle council leader Nick Forbes for “urgent... Read More
Development includes plans for High Line style ‘pedestrian spine’ Arena Central Developments (ACD) has confirmed that demolition and ground work will begin within weeks to allow the first phase of its 2.3m square feet Birmingham Arena Central development... Read More
A South Yorkshire council is considering launching a £2m property investment fund to kick-start the development of commercial sites and test the demand for future projects. Barnsley Council’s economic growth watchdog examined how the authority could... Read More
