Tag: commercial property



Police Investigating Pembrokeshire Property Fraud Claims

Posted on 14 February, 2014 by Cliff Goodwin under Industry News

The police have been asked to investigate the “probity” of two regeneration schemes awarded millions of pounds in grants by Pembrokeshire County Council. Concerns, first raised by a councillor last year, are centred on two Town Heritage Initiative... Read More

PM announces Rates Relief for Flood Hit Businesses

Posted on 13 February, 2014 by Kirsten Kennedy under Business News

The flooding which has affected large parts of southern England has caused devastation for hundreds of homeowners, with the military and Environment Agency still working in partnership to try to prevent further damage as the Thames water level continues to... Read More

Fears that New Greek Property Tax could Stall Recovery

Posted on by Cliff Goodwin under Economy, Worldwide Property News

With property prices falling by 32 per cent since 2010, Greece has now reduced its tax on the sale of properties to just three per cent. Previously anyone buying a commercial or domestic property in Greece had to pay eight per cent on the first €20,000 of... Read More

South Wales Office Market Contracts

Posted on 11 February, 2014 by Jodee Redmond under Industry News

In contrast to reports coming from many areas of the UK, total office take-up in Cardiff was disappointing last year. The final figures were down by 20 per cent compared with 2012 according to DTZ Associate Director Chris Terry. Reporting for... Read More

Warrington Office Market Deals Increase by Nearly a Third

Posted on by Jodee Redmond under Industry News

Take-up in the Warrington office market has increased by 29 per cent with a total of over 395,000 sq ft let during 2013. Birchwood Park, Warrington The two most noteworthy transactions for the year were the letting of The Point in Birchwood, and the... Read More

Hermes unveils The Pearl after £3m Refurbishment

Posted on 10 February, 2014 by Cliff Goodwin under Top Properties

One of Newcastle’s 1960s white elephant office blocks has been refurbishment and rebranded as a prestige business hub. Originally built as Pearl Assurance House, and used as the insurance company’s Tyneside headquarters, the concrete-clad building stood... Read More

Clyde Gateway devalues its Assets by £45m

Posted on by Cliff Goodwin under Commercial Developments

Less than three months after it received more than £8m in extra funding, the Clyde Gateway agency — Scotland’s biggest and most ambitious regeneration programme — has written off £45m from its property assets. In November the agency, which has... Read More

UAE Commercial Real Estate Market Leading Way in Global Recovery

Posted on by Jodee Redmond under Worldwide Property News

The UAE's commercial proprty market is performing so well that it is leading the way in the global recovery in the midst of an "improving macro climate" according to the most recent RICS Global Commercial Property Market Monitor. Growth indicators are... Read More

SA Interest Rate Increase may be Speed Bump for Commercial Property Upturn

Posted on 8 February, 2014 by Jodee Redmond under Worldwide Property News

The latest round of interest rate increases by the South African Reserve Bank (SARB) has proved to be a disappointment to the commercial property market. SARB has increased the repo rate by 50 basis points to 5.5 per cent, due to concerns over the inflation... Read More

Search begins for Developer to restart £200m Teesside Regeneration Project

Posted on 7 February, 2014 by Cliff Goodwin under Commercial Developments

Three years after a £200m dockland regeneration scheme ground to a halt the Homes and Community Agency has confirmed it is searching for a new partner to restart the Middlehaven project. Middlesbrough College campus at Middlehaven A master plan for... Read More