October, 2008

Difficulties currently experienced in the commercial property market could see nearly a quarter of businesses reduce holdings in the coming year, according to a Confederation of British Industry/Grimley Corporate Real Estate survey.

The government's rescue package for banks was "definitely the right thing to do", according to one economic research consultancy.

Norfolk is experiencing "impressive" levels of commercial property development, it is claimed.

There has been a further fall in house prices in England and Wales, newly published analysis shows.

British Land has pulled out of negotiations with the City Corporation to join it in the redevelopment of the Fruit & Wool exchange in the City.

A planned redevelopment of Smithfield Market could be shelved as a result of current economic turmoil.

Only 31 per cent of females in the UK have a personal pension, while over two million claim to live for the day or do not like to think about the future, according to a Friends Provident survey.

Innes England has reportedly secured a series of industrial commercial property lettings at the Abbey Park development near Mansfield.

Around 80,000 sq ft of office space was taken up in the Yorkshire city of Leeds in the third quarter of this year.

Two regeneration schemes in the south-east of England may have to be delayed because of the effects of the current economic turmoil.

Some of the UK's biggest commercial property landlords are reportedly considering the possibility of changing the way rents are paid in order to assist struggling retail tenants.

The downturn in the commercial property sector has led to stresses in the UK banking system that has been exposed to it, according to analysis by Credit Suisse.

The tendering deadline for London's Olympic Village has been extended by the government as a result of the current economic strife.

A proposed development of commercial property space in King's Cross, London may have been saved after it secured last-minute funding.

A historic office park in Yorkshire recently unveiled a blue plaque on its site to mark its ongoing significance to the area.

London Thames Gateway Development Corporation (LTGDC) has enlisted law firm Eversheds to advise on real estate matters on Lower Lea Valley and London Riverside regeneration.

Construction firms have reported over a 500 per cent increase in "critical problems in that past year, according to corporate rescue specialist Begbies Traynor.

Budget brands Aldi and Travelodge have announced plans to team up in order to develop joint supermarket and hotel sites around the UK.

The potential success of government plans to bring stability to the financial markets could have a positive impact on the property market, statistical consultancy Mouseprice has suggested.

The UK's largest bank HSBC is reportedly evaluating whether it will buy-back its Canary Warf headquarters (HQ) from Spanish commercial property company Metrovacesa.

Development company Chancerygate is to submit plans to develop 56,900 sq ft of industrial and warehouse properties at a site in Bristol.

Manchester Primary Care Trust (PCT) has taken a further 11,500 sq ft of space at the Parkway Business Centre by Orbit Developments.

An "eco-resident" scheme has been developed at the University of Kent's Woolf College in Canterbury that will house over 500 students.

A £60 million south London refurbishment of commercial property has been completed by Igloo Regeneration.

Oil, gas and petrochemical services provider RBG Limited recently announced that it is to expand its Aberdeen base following the leased addition of five new units.

The government has faced renewed criticism over its empty rates tax after it was questioned during a parliamentary session.

The New Squares commercial property development in Penrith, Cumbria has been forced to stop after a major investor withdrew funding.

Prices in the commercial property sector fell again last month, according to the latest figures from Investment Property Databank.

Dubai-based luxury hotel group Jumeirah has announced plans to open a five-star hotel in Glasgow.

Office space take-up has not been as severely affected in the M25 zone by the credit crunch as it was when the dotcom bubble burst seven years ago, a Knight Frank survey has suggested.

Regeneration of Nottingham has reportedly slowed in the face of the global economic turmoil after it emerged that a number of projects are suffering.

A new waterside development near London's Canary Warf has got the green light to go-ahead with the project by Tower Hamlets council.

The media centre for the London 2012 Olympics could be in jeopardy after it emerged that the project is struggling to secure funding.

Demand for office space in Scotland remains strong despite the economic downturn, new research has suggested.

The largest logistics park in Scotland has added a new building complex giving an additional 423,660 feet of new commercial property space.

Despite yesterday's shock global base interest rate cut the commercial property market has not had an upsurge in activity.

The Sears tower in Chicago is due to undergo a green refurbishment with a view to reducing energy use by ten per cent.

The redevelopment of the East Street area of Farnham in Surrey recently got the go-ahead from Waverly borough council.

A business lobby group Downtown Liverpool in Business (DLIB) has called on the local government to waive the empty property tax to help commercial property businesses see out the credit crunch.

A Leeds-based property group has gone into administration after accruing alleged debts of more than £50m to a number of high street banks.

Concerns relating to environmental issues could be at risk of being pushed to one side as the effects of the global economic downturn become more pressing.

A merger between two commercial property firms will create one of the biggest independent agency practices outside London.

A new multimillion-pound commercial property development has been approved for the centre of Huddersfield in West Yorkshire.

Protego and Threadneedle will merge to create a £400 million fund with more than 100 properties.

Long-term prospects for commercial property in the Tees Valley could be good, despite current economic turmoil.

A recent commercial property auction in Leeds achieved total sales of £3.6 million, with over half of the lots attracting buyers.

Commercial property owners have been urged to take advantage of new planning laws that are being introduced by the government this month, an industry expert has suggested.

Development agency Advantage West Midlands is to exhibit at MIPIM 2009, the world's biggest commercial property show in Cannes next year.

New research has shown that over three-quarters of construction firms, including those that build commercial property, are unprepared for the rise in National Minimum Wage.