Tag: commercial property



Retail Vacancy Rates Rise in First Quarter of 2013

Posted on 15 May, 2013 by Kirsten Kennedy under Industry News

Last month it was announced that Britain has managed to avoid triple dip recession with a growth of 0.3 per cent in the economy. While this is positive news it does not necessarily mean that the troubles faced by businesses are over – in fact, figures... Read More

JJB Sports Portfolio Attracts Little Interest

Posted on by Jodee Redmond under Commercial Sales and Lets

According to the latest report from the group's administrator, there has been little demand for JJB Sport's leasehold property portfolio. Administrators from KPMG LLP sold 20 of the group's trading stores to its major rival Sports Direct when it was... Read More

English Heritage Announces Results of Commercial Property Listing Review

Posted on 14 May, 2013 by Neil Bird under Top Properties

English Heritage has published the results of a pilot project which will make it easier for landlords to make alterations to listed commercial buildings. The conservation body, which recently gave its blessing to controversial plans to redevelop London’s... Read More

Foreclosures Ahead for US Commercial Property Owners

Posted on 13 May, 2013 by Jodee Redmond under Worldwide Property News

Many small US companies and investors holding commercial properties are facing a financial crisis. Banks usually re-evaluate this type of mortgage loan at the five or 10-year term mark. They have the option of renewing it or asking the owner to pay it... Read More

Justice Secretary Considers Outlawing Squatting in Commercial Property

Posted on by Neil Bird under Industry News

Justice Secretary Chris Grayling has made the first step towards outlawing squatting in commercial property. Mr Grayling is understood to have written to MPs to discover the extent of the problem before deciding whether to bring the law in line with that... Read More

Manchester Office Market on course for Recovery

Posted on 11 May, 2013 by Neil Bird under Industry News

While the London office market accounts for around half of national activity there are regional markets that are showing signs of recovery. Manchester is chief among these locations with take-up figures during the first quarter showing a healthy increase on... Read More

Obsolete Offices Could Provide Thousands of Homes

Posted on 10 May, 2013 by Neil Bird under Industry News

Converting the UK’s obsolete office stock into residential accommodation could provide 11,500 new homes according to research from commercial property consultancy Lambert Smith Hampton. The findings are revealed in the company’s Office Market Review 2013... Read More

Has the Commercial Property Market Bottomed Out?

Posted on 9 May, 2013 by Jodee Redmond under Industry News

Damian Lloyd, the Director of GVA, has given a lot of thought to whether the commercial property market is making what he refers to as a "positive U turn." Unsurprisingly he begins by noting that, while London has numerous opportunities for investors,... Read More

High Street Innovation Rewarded

Posted on 8 May, 2013 by Neil Bird under Business News

Seven towns have been rewarded for the innovative ways in which they have transformed the fortunes of their high streets. In recognition of their accomplishments, each will receive a share of the £1 million High Street Renewal Fund which was established by... Read More

Minnesota IDS Center Sold

Posted on by Jodee Redmond under Commercial Sales and Lets

Beacon Investment Properties working with Harel Insurance Investments & Financial Services Ltd. and Menora Mivtahim Insurance Ltd. in a joint venture, have bought a Class A office property in Minneapolis, Minnesota for just over a quarter of a billion... Read More