September, 2008

West Midlands-based commercial property has received a multi-million pound boost in the shape of a funding package supplied by a regional development agency.

Commercial property has received a boost after it emerged that pension fund managers intend to stick with the sector, despite challenging economic conditions.

The British Retail Consortium (BRC) is urging commercial property landlords to accept rents monthly in advance as the global economic downturn hits businesses.

Businesses operating out of commercial properties could be hit this week with the introduction of Energy Performance Certificates (EPC) after the shadow housing minister stated that it is unclear how

Figures from the commercial property industry are working with the UK Green building Council (UK-GBC) to develop a Code for Sustainable Buildings.

Helical Bar has let three units at its David Morgan retail development The Hayes, in Cardiff.

Land Securities has submitted a planning application for its Selborne House development on Victoria Street.

John Healey is calling on the property industry to show him proof of the harm caused by empty rates charges, it has been reported.

Research reveals that pension fund managers are showing confidence in the commercial property market.

Hansteen Holdings has announced a normalised profit increase of five per cent to £5.7 million in the first half of 2008.

Lambert Smith Hampton (LSH) has "rapidly concluded" the letting of two industrial units at Hemel Hempstead Industrial Estate.

Reita, the education and awareness campaign for property investment, has called for a ban on shorting in the commercial property sector.

Forsyth Business Centres is expanding with the addition of seven properties to its portfolio.

Network Rail and Birmingham city council have revealed the plans for the development of New Street station.

Boris Johnson has launched a planning inquiry into proposals for tall buildings on Blackfriars Road, it has been reported.

Delancey and Invista Real Estate Investment Management has increased the occupancy at its Fetter Lane development in London, it has been reported.

The Royal Institution of Chartered Surveyors (Rics) has joined the fight against empty rates, according to a report.

Footwear distributor Gardiner Bros & Co has agreed a lease on more than 30,000 square feet (sq ft) of warehouse space at St Modwen's Gloucester business park, according to a report.

Great Portland Estates' (GPE) Great Wigmore Partnership (GWP) has sold 180 Great Portland Street for around four per cent below the building's June 2008 valuation.

The Confederation of British Industry (CBI) asserts the country is in a "mild recession", likely to run until the beginning of 2009.

The value of commercial property has fallen by a further 1.6 per cent, according to new figures released today.

A "meltdown" in commercial property markets is causing banks to fire sales staff, it is asserted.

Barker Brettell LLP has agreed to consolidate its existing offices to one single location at Birmingham's Western Gateway, it has been reported.

Property Alliance Group has been given planning permission for a Trafford Park office building, according to a report.

The British Property Federation (BPF) has launched research aimed at restoring balance to the tall buildings debate.

The British Retail Consortium (BRC) has warned that new research shows retailers stand to suffer huge increases in their rates bills as a result of the 2010 revaluation.

Supermarket chain Aldi has agreed terms with Stoke-on-Trent Regeneration to anchor a retail scheme, according to a report.

Peel Holdings has submitted plans for its third airport hotel.

James Murdoch has announced that News International is to stay at its Wapping site in east London.

More private individuals are now attending commercial property auctions.

Commercial property is still selling at auction and going "much better" than residential properties, one expert states.

The commercial property market has seen a dramatic rise in the number of private investors, it is claimed.

Property occupiers at the Port of Hull have warned the government that implementing the back-dated payments of business rates could see firms vacating ports.

Two of the UK's architectural bodies have slammed each other's standard contract agreements.

Property consultants Alder King has acquired a London showroom premises for HF Group.

Hammerson and Hermes have opened a £350 million retail scheme in Leicester.

The 1.1 million square feet project features 120 stores and 15 restaurants and cafes, Property Week reports.

REIT Asset Management and F&C Asset Management have merged to create a global business with £8 billion of assets under management.

Research presented at the European Public Real Estate Association (EPRA) annual conference shows that sustainability can help firms in their drive to enhance shareholder value.

Fisher Hargreaves Proctor (FHP) has acquired space at the Light development in Leeds.

English Partnerships is to offer free seminars and training in an effort to encourage regeneration of brownfield sites in the north-west, according to a report.

Starwood is to open new hotels in London and Manchester under its W brand.

York city council has refused planning permission for the £185 million redevelopment of the former Terry's Chocolate factory.

Neptune Property Services is taking Ealing council to court amid claims it failed to warn the firm that land it had bought could not be developed.

Phase two of Carillion Development's mixed-use scheme the Square is complete.

The chief executive of commercial property firm Land Securities has warned retailers campaigning for a change in lease structures that they could fall foul of competition laws.

Permission has been granted for the redevelopment of a former hospital, in what the regeneration firm says 'signals a new wave of green building' in London.

Kilmartin Property Group has completed five deals in two months at Hyde Point industrial park in Tameside.

A trio of expert scuba divers are planning a diving school at a scheme in Gosforth, Newcastle.

A new headquarters for Three Valleys Water, being built on the site of the De Havilland aircraft factory, looks set to meet its target completion date.

Plans for a new £350 million stadium for Liverpool Football Club (LFC) have been delayed as the credit crunch takes hold.