British Land has revealed details of an agreement with Plymouth City Council to complete a £40m leisure development adjacent to its Drake Circus Shopping Centre. The 100,000 sq ft scheme, on the site of the current coach station, will include a 12... Read More
Collapsed Irish management company assets hit the market A package of properties once owned by a collapsed Irish management company have been put on the market with a combined asking price of £132.3m. The triple-asset portfolio includes two Scottish... Read More
Scotland’s commercial property market has been a little uncertain of late, with the upcoming independence referendum leading many investors to hold out until the future of the country has been established. Fortunately, there are many more who are keen to... Read More
As the consumer environment continues to improve, local authorities are increasingly courting private developers and investment firms as a means of enhancing the variety of leisure and retail offerings within their regions. This has seen Darlington... Read More
A report from PricewaterhouseCoopers LLP has good news for the US hospitality industry: It is on track to hit a 20-year high in 2015. The economy experienced a weather-related slowdown during the first three months of the year and then travel activity... Read More
Hermes Real Estate has this week concluded the sale of its leisure asset on Stoke’s Festival Park to the Valad European Diversified Fund for £14.5 million. The new owner has gained a fully let 130,000 sq ft property within the larger Festival Park... Read More
The faltering recovery in the holiday market is forcing one Irish bank to speed up the disposal of its hotel assets — with other lenders almost certain to follow. Ulster Bank has confirmed the hiring of agents CBRE and professional services company... Read More
In line with its philosophy that potential tenants want to see a building before signing up to a lease, developer JR Smart (JRS) has started work on an 85,000sq ft office scheme for the centre of Cardiff. The M2H designed, Number Two Capital Quarter... Read More
Workington councillors have been urged to give the go-ahead to plans for a £9 million leisure centre in the town – despite objections from a colleague and a number of local businesses. If approved, the new centre will be constructed in The Cloffocks... Read More
Britain’s third biggest hotel chain is hoping to benefit from Scotland’s tourism boom by building ten new hotels north of the border. The £75m expansion is being backed by international hedge fund investment. Travelodge — which already has... Read More
