News Archive: commercial property: 2010

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23, 2010 December:

Irish 'bad bank' acquires London landmarks

National Asset Management Agency takes over developers' loans worth €70bn, acquiring some of London's best-known landmarks including Battersea power station...

22, 2010 December:

Pontins to be sold to property developers?

Pontin's holiday camps could be sold to property developers after little interest materialised from holiday companies...

19, 2010 December:

Commercial investors encouraged to 'buy like hell'

Despite a very small resurgence over the past year, the property sector remains widely unloved by investors and is the worst performing sector over three years...

Indian commercial subject to higher tax slot in 2011?

Luxury hotels, schools and gymnasiums will soon have to shell out more property tax for the Municipal Corporation of Delhi (MCD)...

Twitter considering London property base

The central London commercial property market could soon be home to a new base for micro-blogging site Twitter, which is looking for new offices in the capital, it has been revealed...

17, 2010 December:

Hammerson's magic £557m property deal

The city home of magic circle law firm Allen & Overy has changed hands for £557m in one of the biggest property deals of the year...

15, 2010 December:

Risky bet on $3.9bn Vegas casino

Amid a crushing recession that has left unfinished casino and condo projects stalled in Las Vegas and across the region, opening a new resort complex here seems a decidedly risky bet...

12, 2010 December:

Bloomberg to construct new commercial property

The City of London commercial property market is set to become home to a new 500,000 sq ft building following revelations that Bloomberg is to establish a European headquarters in the area...

07, 2010 December:

French commercial heading towards recovery

French commercial real estate investment market has seen a 41% increase with €6.9 billion transacted in the first nine months of the year, according to a new report...

06, 2010 December:

JP Morgan offices set for £300m sale

Carlyle, the private equity group, is preparing to put the City offices of JP Morgan on the market at more than £300m...

05, 2010 December:

London's latest skyscraper: The Quill

London's skyline is set for some major changes over the next few years, with the announcement of a glut of major commercial projects - the Quill is the latest landmark to join a host of other skyscrapers including the Cheesegrater, the Walkie Talkie Tower and the Cucumber...

Corporate tax reform to benefit commercial property

London commercial property management firms will be glad to hear that the government has published details of its corporate tax reform programme that could benefit the real estate sector...

01, 2010 December:

Commercial occupiers 'bullish about prospects'

Commercial real estate occupiers in London are bullish about their prospects, in an encouraging sign for developers, according to a new survey from consultants...

28, 2010 November:

Canada commercial continues to strengthen

A strong appetite for retail properties and an active real estate investment trust sector has resulted in commercial real estate investment sales in Canada to do better than in 2009, the latest figures show...

Shopping mall's exhibition is rubbish

An exhibition made up of garbage has opened in a huge shopping mall in Romania's capital in an attempt to alert the public to the impact of consumerism on the environment, organisers said...

23, 2010 November:

New concept in student lettings boasts 30 year minimum return

Many are attracted by the lucrative student lettings market but have been deterred from investing because of the challenges this area of the market can create - however, Crown Place offers an exciting new style of investment within this sector with a well structured investment proposal that includes a 30 year minimum return...

Foreign buyers flocking to Oz

European and Asian investors are buying up residential and commercial property in Australia as high interest rates are putting off national buyers, it is claimed...

Commercial gains for the US market

Commercial real estate prices in the US increased 4.3% in September from the previous month, the biggest gain in a decade of records...

21, 2010 November:

British Land confirms London commercial property plan

British Land is investing £1.5 billion in commercial property development for the City of London and the West End...

16, 2010 November:

London's most iconic hotels to be sold to Middle East

Some of London's most iconic hotels could be sold to Middle Eastern investors who are keen to snap up luxury UK brands, according to a travel industry report...

12, 2010 November:

New hotel construction will continue into next decade

British Hospitality: Trends & Developments 2010 published recently has revealed that, despite the recession, the UK hotel industry is continuing to expand, with over 10,400 rooms opening in 2010 and a further 43,000 planned for the period 2011-2015...

World 'looks to London for office space'

Foreign investors are more confident about the UK property market and London office space is on the top of their target list, a survey has found...

09, 2010 November:

Commercial property in UK seeing decline

Demand for commercial property in the UK continues to decline, with the office sector seeing the largest falls, according to a new survey...

Land Securities makes major commercial purchase

Land Securities Group Plc, the U.K.'s largest real estate investment trust, is in talks to buy a mall in the Scottish city of Dundee for about £140 million pounds, a person with knowledge of the discussions said...

Kirstie comes to the rescue with 'Handmade Home'

A couple who bought their dream Black Country home received a celebrity helping hand in giving it a much needed makeover...

02, 2010 November:

UK commercial market 'muted'

The latest report on British commercial property published by IPD (Investment Property Databank) last week suggests that values of business property in the country increased in September 2010...

01, 2010 November:

Black hole for Scottish commercial market

Scottish Property Federation warns high levels of maturing debt will affect sector's ability to fund and support itself...

31, 2010 October:

£3m loan for Belfast property deal

Barclays Corporate has announced a £3m loan to two businessmen to help with the purchase of a prime building in Belfast city centre...

29, 2010 October:

London commercial facing uncertain future

Despite concerns about government spending cuts in the UK, the London commercial property market's retail and office sectors are in remarkably good shape, a new report reveals...

27, 2010 October:

World's tallest building 90% empty

Nine months after Burj Khalifa opened with a massive fireworks and light show, 90 percent of the apartments in the world world's tallest building are empty, a Dubai agent says...

26, 2010 October:

UAE projects face long wait for finance

Real estate development projects in the UAE are facing a long wait in gaining finance, with Dubai in particular unlikely to receive much in the near future, as banks remain very selective in their financing, according to executives at the Reuters Middle East Investment Summit...

25, 2010 October:

Nakheel launches new Dubai projects

Nakheel, the debt laden real estate arm of state owned conglomerate Dubai World, plans to resume work on short term residential projects by the end of October, it has announced...

24, 2010 October:

US commercial investment to hit £100bn in 2011

Nearly one-third of global capital available for investment in commercial real estate is expected to target the US market in 2011, according to a recent industry report...

Councils 'flood commercial property market'

The commercial property market is being inundated with buildings that were previously owned by councils around the UK...

Blackfriars property development: administration

Luxury property development One Blackfriars Road in London could be sold, after Royal Bank of Scotland (RBS) called in administrators...

22, 2010 October:

Tokyo opens new international airport

Tokyo's second biggest airport Haneda has opened a new runway and passenger terminal, making it a fully-fledged international airport and boosting Japan's capital as an Asian hub...

21, 2010 October:

New chapter for iconic hotel

The Hotel Chelsea, a Manhattan landmark where Bob Dylan and Andy Warhol once lived, has been put up for sale by the families that owned and operated it for more than 65 years...

19, 2010 October:

Dubai office blocks 'should be demolished'

Some office buildings in Dubai are so ill conceived and poorly located that they will never be occupied, while others may command no more than the cost of maintenance, according to a damning analysis from property consultants...

Movers and shakers- office relocations

An office move should boost business, but a failure to plan could leave the company all shaken up...

15, 2010 October:

Your own hotel: just $679,000 a night

Want an exclusive venue for your next party? The Mandarin Oriental Tokyo hotel may have the answer: use of the entire hotel, including nine restaurants and all spas and rooms -- for a cool $679,500 a night...

13, 2010 October:

London's Savoy reopens after three-year facelift

This week marks the reopening of one of London's most famous hotels - the Savoy has thrown open its doors once more following a three-year extreme makeover - so just how much gold leaf and crystal can one venue take?...

New York commercial property on the up

Leasing and investment activity in the New York commercial real estate market is strongly up year on year, according to a new report...

08, 2010 October:

IHG’s Holiday Inn continues in its conquest of Latin America

Cartagena is home to the latest property project for InterContinental Hotels Group (IHG)...

07, 2010 October:

Shaky outlook for Northern Ireland property market

The weak economy is bringing uncertainty in the country's commercial property market...

Increase in India real estate needed to meet demands

A study conducted by property firm Cushman & Wakefield India has revealed that the country will need approximately 240 million sq. ft of commercial property and about 4.25 million units of residential real estate to meet the demand in the coming four years...

Notable declines in Cypriot property sales

The Department of Lands and Surveys has noted a declining trend in the domestic market in Cyprus...

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