May, 2008

'Historic' shopping centre opened

The new Liverpool One shopping centre will revitalize Liverpool's city centre, according to a local councilor.

Derailment for Reading's Station Hill development

Plans for the £400 million Station Hill development in Reading have been called in, Property Week has reported.

Business tenants 'unaware of asbestos laws'

A commercial property expert has said that more than half of business tenants in the West Midlands are not aware of the asbestos regulations which they must meet when renting commercial property.

Green light for Silverstone redevelopment

Permission has been granted for the redevelopment of Silverstone, which will include a new pit and paddock area.

Liverpool shopping centre opens its doors

A £1 billion leisure and shopping complex in Liverpool is opening for the first time this week – potentially creating new opportunities for commercial property investors.

New commercial property complex planned

A new redevelopment scheme planned for Wellingborough town centre could boost the local commercial property market.

Property giants among 80 interested in Wilson Bowden

British Land and Land Securities are among the 80 parties interested in bidding for Wilson Bowden Developments, the Independent on Sunday reported.

Ask receives £20m funding boost

Commercial property company Ask Developments has received a £20 million funding boost from shareholder Morgan Stanley Real Estate.

Yorkshire commercial property demands increase

Demand for commercial property in Yorkshire and the Humber is increasing despite falls across the country, the Sheffield Star has reported.

Sun roof for HSBC's commercial property

HSBC has installed solar power roof panels on its Canary Wharf offices, making it the tallest headquarters in Europe to use the technology, the company said.

"Exciting" new commercial property plans unveiled

Developers have revealed plans that are expected to see the creation of new commercial properties in Oswestry, Shropshire.

Property investment proving popular

The latest figures from the Investment Management Association (IMA) indicate that property remains a popular choice for investment.

Globe and cash

Pirelli announces European property investment fund

Pirelli Real Estate has this week announced that its board approved the creation of a fund to invest in the property market.

Application

NACFB: Commercial lenders continue to support brokers

The National Association of Commercial Finance Brokers (NACFB) said the UK's commercial lenders are continuing to support mortgage brokers.

Stonehenge

Protection from developments for heritage sites

England's heritage sites are to receive more protection from developments, communities minister Baroness Andrews has announced.

Commercial property market set for recovery

The commercial property market is expected to recover towards the end of the year despite a drop in commercial property deals in the first quarter of 2008, research published this week said.

Firm relocates to new London office space

A leading seismic analysis firm has taken up residence in a new London office address as it continues an expansion.

Property owners urged to seek professional help

Landlords thinking of making their own improvements to up the cost of properties have been advised to consult the experts by one firm.

UK market 'world leader for investment'

The UK's property market has some of the best conditions in the world, according to one expert.

Qatari group plans London investment

An investment of up to £5 billion could be made by a group of Qatari-state-backed investors, the Daily Telegraph reported today.

Investors may be missing out

Property investors urged to 'move fast'

Fund management firm Rockspring is urging UK investors not to wait to purchase property, as they could risk missing out.

Insurance important for businesses

Commercial property owners and occupiers have been urged to consider taking out adequate insurance by an industry association.

Vincent Tchenguiz returns to UK commercial property

Vincent Tchenguiz has chosen to enter the UK's commercial property market for the first time in two years.

Mortgage firm moves to new office

Mortgage firm Trigold has announced that it has moved to a new head office in order to support its plans for future growth.

Property owners warned off boiler DIY

A property improvement expert has warned owners and landlords should leave boiler alterations to professionals or face bigger problems.

Commercial property development attracts interest

New office space in London has been successfully let out to a firm operating within the insurance industry.

Commercial property market to strengthen

In a new report, Jones Lang LaSalle has suggested that the commercial market will soon be back on track – potentially creating a number of new opportunities for investors.

Decline in capital values continues to slow

The decline in capital values continued to slow in April, figures from the Investment Property Databank show.

Plans have been drawn up

Listed building hotel plan unveiled

A grade II listed building in Liverpool will be refurbished and transformed into a four star hotel if a partnership's ambitious plans are approved.

'£3.5bn spent on London commercial property by SWFs'

The central London commercial property market has received £3.5 billion of investment from sovereign wealth funds (SWFs) during the last decade, research claims.

Office space has been proposed above the theatre

Office space proposed above theatre

Plans for the redevelopment of Manchester's Theatre Royal include the construction of a 28-storey commercial tower above the venue, it has been reported.

A property division has been formed

Sainsbury's sets up property arm

Sainsbury's has set up a new property arm to manage joint ventures and "maximize" the value of its assets in the sector.

The economy has posed challenges

Land Securities has 'performed well'

Despite challenging market conditions property firm Land Securities has "performed well" during the past year, the company has announced.

An agreement has been reached

Tenants fill £250m Manchester development

Two further tenants have signed up for office space at a listed building in Manchester city centre.

Restaurants will be built as part of the project

Regeneration group plans waterside development

An industrial site near Chesterfield is to be transformed into a £300 million mixed-use development.

The property has been sold

Land Securities sells London Hotel for £43.5m

A serviced residence hotel in London has been sold by Land Securities for £43.5 million, it has been reported.

A parliamentary inquiry is to be held

Inquiry to be held into 'greening' of commercial property

The first parliamentary inquiry into how to improve the green credentials of commercial property in the UK is to take place today.

The plans have been submitted

Planning application for East End market submitted

Plans to regenerate a market in the East End of London have been submitted by property firm St Modwen.

A deal has been finalised

Redcar retail complex sold for £2.36m

A shopping centre development in Redcar has been sold by Sterling Capitol for £2.36 million.

Winter sports resort receives government backing

Plans for Europe's first indoor winter sports resort have received backing from the secretary of state for communities and local government.

Property is still being bought

North West buyers still looking for property bargains

Companies in the North West are still snapping up commercial property despite the credit crunch.

Anglo Irish has reported 16% rise in profits

Anglo Irish reports 16% rise in profits

Despite widespread uncertainty in the commercial property market, specialist lender Anglo Irish has reported an increase in profits of 16 per cent.

Experts have faith in Manchester's commercial property boom

Experts have faith in Manchester commercial property boom

Manchester's commercial property boom has not started to plummet, according to experts based in the city.

A business centre has opened

St Helens business centre opens

A new business centre has been opened in St Helens to provide enterprises across the region with flexible workspace.

The Bank of England

'Interest rate cut likely in June'

A further interest rate cut is probable in June, an expert has predicted.

Plans for the shopping centre have been submitted

Plans submitted for Milton Keynes redevelopment

Plans have been submitted for the first phase of a £20 million redevelopment scheme in Milton Keynes.

Retail park set for sale

A retail park in the north of England is to be sold for approximately £250 million, according to local reports.

Property markets "restricted"

Commercial property firm Hammerson has warned that activity within real estate markets has been affected by conditions in the banking sector.

Plans submitted for factory conversion

Plans submitted for factory conversion

Plans for the conversion of a disused factory into office and business space have been submitted to a city council.

Permission has been granted

Green light for Derby commercial developments

Planning permission has been granted for two mixed-used developments in Derby city centre.