For the first time the true cost of business rates on empty commercial properties has been revealed. A report released this week by the Taxpayers’ Alliance shows that, nationally, the figure for 2011-2012 was a massive £1.1 billion – a rise of 19 per... Read More
Approximately $3.5 billion in commercial property priced at $5 million and above was sold in the first quarter of the year in Australia, according to figures released by CBRE. A-REITs are returning to the market, in a sign that the market is off to a healthy... Read More
Liverpool’s Clayton Square Shopping Centre has been sold to InfraRed Capital Partners by Land Securities. The 170,000 sq ft centre comprises 34 separate shop units, with existing tenants including popular high street names such as Boots, the Body Shop and... Read More
The economic downturn had a huge effect upon the UK, with consumers and businesses alike forced to reconsider their futures thanks to a lack of funds. As a result, a number of development projects ground to a halt across the UK, with the retail and leisure... Read More
The temperatures may still feel more like January than April but in the City lettings market there are signs that things are warming up. This week an international company took two floors of the 17 storey 200 Aldersgate building close to St Paul’s.... Read More
Despite the recession easing job creation in the United States is not keeping pace with available office space. The office market is growing at what is being described as a "glacial" pace. New York-based researcher Reis has released figures indicating... Read More
Birmingham’s £450 million redevelopment of the city centre’s Paradise Circus has been given the green light. Once completed, Paradise Circus will become a key area within Birmingham’s much anticipated Enterprise Zone – billed to become one of the... Read More
With a delinquency rate of 14.6 per cent, boom-era commercial mortgage holders are missing out on the U.S. real estate recovery, according to Trepp LLC. The data provider has released a report showing that the average delinquency rate for the overall... Read More
Following a period of tough conditions in the commercial property market, Macdonald Estates Group has been forced to post a pre-tax profit of only £2.1 million for 2012. However, the firm has admitted that even this amount has been chalked up as a major... Read More
Pacific Investment Management Co (PIMCO), which has $2 trillion under management, is now targeting direct commercial property investments and non-securitized loans. The company says that now that banks worldwide are making a move to offload some of their... Read More
