News Archive: commercial property

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15, 2011 April:

Major brands to set up shop in Sydney

Shoppers in Sydney should get ready as a plethora of high-profile international retailers including Topshop from Britain and Uniqlo from Japan are preparing to open up new stores.

14, 2011 April:

London's Citigroup tower for sale at £1 billion

The 42-storey Canary Wharf tower that houses the European headquarters of Citigroup is being put up for sale for more than £1 billion ($2 billion), the commercial property agents Jones Lang LaSalle said yesterday.

12, 2011 April:

French commercial sector sees strong recovery

French commercial real estate saw a recovery in capital values last year, recording 4% growth with the rebound in values leading to a total return of 10%, according to the latest IPD France Annual Property Index.

11, 2011 April:

New homes to be created from empty UK offices

Dormant offices will be turned into new homes under radical UK government proposals to change the planning system.

07, 2011 April:

Lebanese property market booming, says Damac

Lebanon is currently one of the best performing property markets in the Middle East region with real estate prices in capital Beirut up 25 per cent over the last five years, said a top official of Damac Properties.

05, 2011 April:

Distressed bargains strengthen Spanish commercial property

Opportunistic investors chasing cut-price prime commercial property in recession-hit Spain have helped push the sector's total returns into positive territory for the first time in two years, a survey has found.

04, 2011 April:

Marks & Spencer to reopen in Paris

A decade after its flagship Boulevard Haussman store closed its doors, the iconic British supermarket brand will open a new store on Paris's Champs Elysees.

31, 2011 March:

Egyptian resort developer reports healthy profit

It may be a different story for this year's results, but development firm Egyptian Resorts posted a significant 18% revenue rise year on year in Q4 2010.

30, 2011 March:

Bargain rents drive businesses back to UAE

Similarly to the rock-bottom price deals to be had in Florida, commercial tenants are flocking back to Dubai as rents continue to drop. As a result, long-term tenancies that create a 'win-win' for landlords and lessees are now becoming more popular.

29, 2011 March:

Market expert predicts German property price surge

With residential and commercial property markets both firing on all cylinders, the future is looking bright for real estate buyers in Germany, says one property analyst from investment giants Deutsche Bank.

25, 2011 March:

Italian investment fund buys Milan's Rinascente

A privatised pension fund for Italian doctors and dentists has purchased Milan's most famous department store in the Piazza del Duomo.

24, 2011 March:

Libya's stake in European property causes alarm

While Europe's reliance on Libya for oil production is well documented, the stake the cash-rich government holds in many key property markets, particularly that of Britain, is also surprisingly large.

Commercial property insiders tip Germany to take off

A key figure from commercial property adviser CB Richard Ellis has indentified Germany as the prime market for investment this year.

Greek government plans mass sale of state property

In a bid to get its swelling national debt under control, the Greek government will offload a large proportion of its commercial real estate holdings and other state property assets.

23, 2011 March:

French commercial property returns at record highs

Income return on commercial premises in France reached 5.8% last year, according to the bi-annual Property Index from financial database IPD France - in fact, the rate was the highest level in the index's three-year history.

Israeli property tycoon buys former Nazi hangout in Paris

Israeli real estate magnate Alfred Akirov has somewhat controversially purchased Hotel Lutetia, a renowned Left Bank hangout for generations of film stars and, most famously, the Nazis during their occupation of France.

17, 2011 March:

Disgraced British property tycoons to sue Icelandic bank

High-flying property developers the Tschenguiz brothers, who were arrested earlier this month for their role in the collapse of Icelandic bank Kaupthing, are planning to sue the lender for damages.

UK retail executive rails at rent increases

Chief executive of high-street giant French Connection has attacked the UK government's policy on 'upward only' rent reviews amongst commercial landlords.

Luxury Anguilla resort faces bankruptcy

The owners of the Caribbean island's exclusive Viceroy resort, which has hosted the likes of Ellen DeGeneres and Sandra Bullock, will file for bankruptcy in the USA today.

16, 2011 March:

US green building initiative may boost commercial property industry

President Obama’s new Better Buildings Initiative, offering tax incentives for converting office premises into more energy-efficient buildings, may lead to a growth in commercial property investment across the country.

07, 2011 March:

The secret to survival for Florida Keys commercial properties

While many more large-scale developments did not fare so well during the recession and resulting property industry crisis, Florida Keys' smaller boutique hotels have survived surprisingly intact.

02, 2011 March:

Canada commercial property records three year high

The commercial property market in Canada has recorded an 11% jump in total returns, its highest growth rate since 2007.

25, 2011 February:

Euro industrial property landlord posts healthy value gain

Industrial property firm Segro reported a 2.5 per cent gain in net asset value, whilst reporting it would quit several of its key markets in 2011.

22, 2011 February:

UK retail property player back in the black

British property firm Hammerson, owners of Birmingham's Bullring, reported a healthy surge in profits for 2010 as their domestic assets improved strongly.

21, 2011 February:

US retail giant shuts 200 stores

Gargantuan book chain Borders will close 200 of its stores across the Americas this year as a result of the financial downturn, meaning a glut of new retail spaces will enter the market.

18, 2011 February:

Irish retail property deal smothered by rental reforms

The decision by the Irish government to ban upward-only rent reviews on commercial property has led to the collapse of a retail deal that could have been the struggling nation's great hope.

European commercial property set to grow

Office rents across the major European capitals are expected to increase in the coming year, stimulating demand for buy to let commercial investors.

London Olympics hotel investors go for gold

As the Games approaches and London's hotel market remains seriously undersupplied, investors are racing to cash in on a series of new developments scheduled for completion in the coming year.

15, 2011 February:

Developing countries lead commercial property expansion

Latin America and Asian countries remain at the forefront of development in commercial property worldwide, with the traditional markets of Europe and Japan staying further and further towards the bottom.

09, 2011 February:

US mortgage lenders still shaky on commercial property

A national conference of mortgage bankers in the US has uncovered optimism in the future of commercial property, but with a few concerns still remaining for the industry's flaws.

08, 2011 February:

Mumbai commercial market on the up

Knight Frank's latest figures show the Indian metropolis is experiencing slow growth in commercial real estate as it finally emerges from the recession.

Commercial landlords turn to resell over new build

With financial constraints having a continuing effect on new build office premises, landlords are being urged to consider refurbishment as an alternative option.

07, 2011 February:

Good news for US economy as unemployment drops

The national jobless rate in the United States dropped 0.4% in January, prompting optimism of an economic recovery as the year progresses.

02, 2011 February:

Prime London office rents set to grow

The commercial market remains strong in the UK capital, with demand outstripping supply of quality office space in the city centre.

25, 2011 January:

German retail property the investor's pick for 2011

Commercial property in Germany has topped a recent poll of unlisted property investors' hot spots for the coming year.

Greece to sell off commercial property for debt relief

The Greek government is pinning its hopes on state-owned commercial real estate sales as a means of alleviating its national debt crisis.

24, 2011 January:

Hotel purchases boom as US commercial property picks up

The latest hot area in the re-emerging American commercial sector seems to be hotels, with several high-price venues soon to close large sales this year.

21, 2011 January:

Google buys US office building for record price

The internet search giant will purchase its Manhattan headquarters in a record commercial property transaction by a tenant.

19, 2011 January:

Work spaces shrinking in American offices

A trend towards more collaborative work environment is saving real estate costs for companies.

12, 2011 January:

US commercial property values on the up

Commercial real estate values continue to increase in the US, with a huge improvement since the ’09 collapse.

11, 2011 January:

£6,000 for the Old Bailey - how London property prices looked a century ago

New records of Lloyd George's 1910 land survey reveal some surprising comparisons in the London property market then and now.

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...