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News Archive: commercial property
30, 2009 July:
Dubai merger dominates
The merger between leading property developers in Dubai will create a giant entity that will dominate the real estate market, it is claimed...Unfinished sympathy
Spanish property developer Martinsa-Fadesa, currently in administration, has been heavily criticised for forcing approximately 1,000 clients to carry on making staged payments for off-plan Spanish homes that may never be completed...29, 2009 July:
Java script
Arab Investments has completed the purchase of Coffee Republic from administrators KPMG today...‘Shower curtain' for Melbourne
The National Trust of Victoria says a proposed 25-storey tower to be built behind Melbourne's iconic Hotel Windsor could threaten the heritage character of the area...27, 2009 July:
NZ opens foreign investment door
In a bid to show foreigners that ‘New Zealand is open for business,' and encourage greater international investment, the NZ Government has relaxed its rules relating to overseas buyers purchasing assets in the country - a move which could potentially see Auckland airport put back on the market...Art-deco torn down
One of Melbourne's landmark art-deco buildings - Lonsdale House - will be bulldozed to make way for a new CBD shopping centre as part of the Myer redevelopment...Voted world's best
Several Australian properties have featured in Travel + Leisure's 2009 World's Best Awards readers' survey...24, 2009 July:
Trump in private
A decision on whether to force homeowners to sell to property developer Donald Trump could be made behind closed doors...23, 2009 July:
Asda heads to Inverness
The £27 million project will create a 75,000 sq ft store, a petrol station and five additional retail units. The scheme will be developed by Elphinstone Land...22, 2009 July:
Legendary hotel closes
The Y-shaped Ilikai hotel that once hosted Elvis Presley and graced the Waikiki skyline for nearly five decades has closed...Commercial rents falling
Rents in all commercial property sectors in Europe are affected by weak economic conditions across the continent in the second quarter of this year, according to a new report...White elephant
Southwark Council has entered into a new exclusivity agreement with Lend Lease for a major regeneration centered around Elephant & Castle shopping centre...21, 2009 July:
Town centres: cry for help
Around 12 per cent of town centre high streets are vacant as the recession continues to impact the retail industry, according to the British Retail Consortium (BRC)...Woolies is back!
Woolworths.co.uk has gone live, offering over half a million fantastic products for British families to buy online and enjoy together...17, 2009 July:
It's not so grim up North
Being a doppleganger for war-torn East Berlin in the Freedom Fighter film is one claim to fame Bradford would rather forget. Long the poor relation to trendy Leeds, perceptions of this racially-divided northern city are finally on the up, and East Berlin is but a distant memory. A £2 billion extreme makeover is in progress, and the city is ditching its down at heel image - and this week, funding for Bradford's six acre city centre park, which will hold the largest water feature in any UK city, was secured...Suing over a hula
Two groups of property investors are demanding their money back from the developers of the upscale Trump International Hotel & Tower in Waikiki, Hawaii over claims that the property tycoon was directly tied to the project...Sunny side up
The number of UK property construction firms in distress has almost doubled in the last year but fewer have been facing financial problems in the last three months, suggesting an improved outlook...Westfield hogging shoppers
Retailers on London's Kensington High Street have demanded the Valuation Office Agency (VOA) cut their business rate bills by as much as 20 per cent...16, 2009 July:
Dubai tower 'opens this year'
The Middle Eastern developer building the world's tallest skyscraper vowed yesterday to complete the tower by year's end, though the exact date remains uncertain...NZ's £78m tower almost complete
Most lower-level scaffolding and the tower crane have vanished from Auckland's new £78 million Deloitte Centre on Queen St and it is soon to be finished...15, 2009 July:
QE2 skips Dubai?
The cash-strapped Dubai owner of the QE2 is considering opening the British ocean liner as a floating hotel elsewhere in the Middle East or Africa rather than in the struggling Persian Gulf sheikhdom...Advice for UK authorities
Local authorities in England who are responsible for property portfolios worth around £250 billion are to be given advice on how to invest wisely...Clock-watching
Housing and Planning Minister John Healey has unveiled a detailed timetable for the implementation of the new planning regime for major infrastructure projects...13, 2009 July:
Woolies lying empty
Most of the former 800 Woolworths stores that closed when the retailer collapsed in January still lie vacant, as landlords struggle to find tenants in the harsh trading conditions...UK commercial: strong
The UK commercial property market is in the best position to recover compared with other key European sectors but the US is still on a downward spiral, according to reports from analysts...Asda goes green
Asda yesterday opened its first ever purpose-built ‘eco depot' in Didcot, Oxfordshire...Code of conduct
The Government has expressed disappointment at the failure to encourage the take-up of the property industry's code of conduct for leasing among small businesses...10, 2009 July:
New project for Cardiff
Cardiff Council has given the green light for one of the Welsh capital's most prominent sites to be turned into a 216-bedroom hotel...Glasgow's wait is over
Waitrose is to open its first supermarket in Glasgow - the up-market food retailer has reached an agreement to take over the lease of a 16,420 sq ft Somerfield in Byres Road in the city's West End...09, 2009 July:
Commercial investment on the up
Investment in London commercial property has risen for the first time since the second quarter of 2007 with experts pointing out that it will be one of the first to recover in Europe...Unlocking Greenwich
The London region of the Homes and Communities Agency (HCA) is to invest £32 million to unlock the housing element of two major regeneration schemes in Greenwich...08, 2009 July:
Room with a view
Hotel prices in a majority of European cities have fallen by an average of seven per cent during July, compared with the same month last year, according to a new survey...07, 2009 July:
Get to the point
Centre Point, the iconic London office tower, is today fully let for the first time in its 40-year history following the signing of Onalytica to 4,450 sq ft on the 29th floor...Boris says yes to Victoria
London Mayor Boris Johnson has given his approval for Land Securities' £1 billion plans for the Victoria Transport Interchange scheme in London's Victoria...52 US banks close
Some 52 banks have been closed by authorities in the US in 2009, reports say...06, 2009 July:
Hungary: worth a gamble?
Hungary is set to be propelled onto the world stage with news that Hard Rock International has plans to build Europe's largest casino and hotel development there - signaling another positive step for the country, which is hopeful of joining the Eurozone within the next few years...Another day at the office
The improvement in UK office take-up is a boost to the commercial property industry and suggests that confidence is returning among tenants...Branching out after 60 years
One of London's older estate agents has decided to expand with a second office - nearly 60 years after opening...03, 2009 July:
Commercial hits bottom
The UK commercial property market is likely to reach bottom at the end of this year but mothballed sites probably won't be viable until 2011, it is claimed...Rural reaps returns
Rural farmland has outperformed commercial and residential property to deliver positive annual returns despite the dire market in 2008...02, 2009 July:
Olympics 2020: Dubai?
Dubai has created a committee to examine the feasibility of making a formal bid to host the 2020 Olympic and Paralympics Games - and the bid is all part of a greater initiative called ‘Dubai 2020,' which is a master plan for pushing the emirate onto the world stage...Golf goes global
An Auckland company that has developed a golf practice and fitness facility is now taking the concept to the world, via China...Anger over loss of rent guarantee
Disgruntled Sydney-based investors in Wellington, New Zealand's £39 million Holiday Inn have rallied to discuss their concerns and talked about forming an action group...30, 2009 June:
Largest transaction of ‘09
Deka has bought Deloitte House in Warsaw for £99 million in central and eastern Europe's largest office transaction of 2009...29, 2009 June:
City of London for sale
Knight Frank has been appointed to sell the former Midland Bank headquarters at 27-35 Poultry - which is one of the City of London's best known freehold buildings...Prague performance
The commercial property market in Prague is performing well despite the prevailing economic conditions but analysts warn that it is still considerably down on last year...Dubai developers to merge
Dubai Holding, owned by the ruler of the Gulf emirate, and leading developer Emaar Properties are in advanced talks to merge four local property companies...26, 2009 June:
Powering ahead
One of London's most important development sites, Battersea Power Station, is finally to be transformed from an empty shell to a new mixed - use project, with plans to be submitted within the next few weeks - but the credit crunch has meant a starkly different look for the London landmark, which once featured on the cover of a Pink Floyd album...24, 2009 June:
Tesco taking over
Tesco has announced a new sale & leaseback transaction involving £458 million of Tesco's property assets in the latest phase of its ongoing programme to release value from its UK property portfolio...Bookmark This Page
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