News Archive: commercial property

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24, 2010 September:

New Bond Street topping rental charts

A report by property firm Cushman & Wakefield has revealed New Bond Street in London is Europe's most expensive retail location with rates soaring by 19.4% on year...

Eco concerns for commercial tenants

Commercial property tenants in the UK are only moderately satisfied with the service they receive from landlords and there is still room for improvement, particularly in areas such as sustainability, service charges and the application for consent process, a new report indicates...

23, 2010 September:

Bridging finance proving popular

Bridging finance firm, Drawbridge Finance, says demand for short and medium term finance rose dramatically in August...

22, 2010 September:

Commercial tenants unhappy with landlords

Commercial property tenants are only moderately satisfied with the service they receive from their landlords, according a new survey...

16, 2010 September:

Commercial property price growth falls in August

British commercial property price growth fell for the fifth consecutive month in August as worries over tenant strength curbed investor enthusiasm for buying discounted assets, data has shown...

14, 2010 September:

London's Savoy Hotel ready for reopening

London's prestigious Savoy Hotel is to reopen next month following an extravagant refurbishment...

09, 2010 September:

Polish property investment skyrocketing

Poland has seen total property investment volumes increase by a whopping 50 per cent over the last year and that trend looks set to continue, according to new research by property bods at Savills...

Mortgage struggle for High Street flats

Homeowners and potential buyers are finding it increasingly hard to get mortgages for flats above commercial properties, especially restaurants and pubs...

03, 2010 September:

Mexico commercial entering recovery?

The commercial real estate market in Mexico has remained remarkably stable in the face of the downturn in the US economy following the global financial crisis of late 2008, a new report shows...

02, 2010 September:

US commercial prices drop

US commercial property prices have dropped to nearly half the levels seen at the height of the real estate boom, meaning savvy investors looking for Florida property could bag a bargain...

31, 2010 August:

New York skyline to change forever

A brand new office building planned for midtown Manhattan has been approved by New York City Council despite fierce opposition from the owners of the Empire State building, which is just two blocks away from the site of the new skyscraper - so just what does it mean for the most famous skyline in the world?...

25, 2010 August:

Key commercial changes in US overshadowed

A top NY bond trader and LA real estate fund manager joined forces in July to provide commercial mortgage originations - the new partnership is expected to result in billions of dollars in structured bonds and new commercial real estate loans...

France and Germany tipped for commercial glory

France and Germany have been tipped as hotspots for commercial property investment by Capital Economics...

US commercial property 'attractively priced'

US prime commercial property is attractively priced, according to DTZ's Fair Value Index...

23, 2010 August:

Construction outlook worsens as spending cuts bite

Sentiment in the construction sector began to decline again in the second quarter of the year, as fears over the scale of public spending cuts and ongoing uncertainty about prospects for the economy hit the construction industry, says RICS...

20, 2010 August:

Many UK markets 'overpriced' says DTZ

Many UK commercial markets are over-priced according to DTZ's new index...

19, 2010 August:

Westfield confirms opening date for Stratford site

Westfield has confirmed a September 2011 opening for the £690 million Stratford City shopping centre, next to the Olympic Park in London...

17, 2010 August:

NZ commercial fit-outs exempt from depreciation rules

Hoteliers, retailers and commercial office interior decorators look likely to get the reprieve they were looking for from new depreciation rules they feared would drastically raise the cost of maintaining modern premises...

12, 2010 August:

First feed-in tariffs show surprise commercial uptake

The first figures on the number and size of Feed-In Tariffs installations are now available. It showed that of the 20.7MW of total installed capacity that has been registered for the Feed-In Tariffs scheme since it went live on April 1st, 6.4MW was installed by the commercial sector. This is well ahead of initial Government predictions that forecast the domestic sector accounting for a far higher majority of the installation capacity...

Surfers Paradise get $700m Hilton

The Surfers Paradise Hilton is set to welcome hotel guests by Christmas, after the $700 million project passed a major milestone this week...

10, 2010 August:

Commercial distressed growth highest in Portugal

Growth in commercial distressed property listings is easing in many global markets but Portugal, the US and Irelands are still experiencing the largest rise, according to research...

06, 2010 August:

Foreign buyers hover over US property

Commercial real estate purchases in the US may slump later this year as prices rise and lenders require buyers to put more cash into deals, it is claimed...

Iconic Shanghai hotel reopens

Shanghai's iconic Peace Hotel reopened recently after a three-year, $US60m renovation to restore what was once the Far East's most luxurious hotel to its 1930s glory...

04, 2010 August:

Property 'key' to UK Govt savings

Public Sector spending on property could be reduced by up to a fifth, and prime city-centre property could move from the public to private sector use, if central Government departments and local authorities adopted more flexible working practices, according to Advanced Workplace Associates, AWA...

03, 2010 August:

Commercial property sector stalls - why?

We have been inundated with news on the latest happenings in the UK residential market, but just what is going on in the commercial property market - and what bearing does this have on the overall recovery of the country's property sector?...

High annual growth in Cape Verde?

A new five star resort in Cape Verde is confident that investors can realise annual capital growth of 9% and rental yields of 13% after independent analysis indicates that the archipelago has extremely high occupancy rates...

30, 2010 July:

Corner shops set for planning protection

Corner shops could get protected status like they do in France under new proposals being considered...

Emerging commercial markets 'strongest'

Commercial real estate in emerging economies has outperformed the Euro zone and the UK in the second quarter of 2010, according to the latest figures...

29, 2010 July:

Brazil leads global commercial growth

Global commercial real estate markets have seen a solid progression as volumes reach US66 billion in the second quarter of 2010 with the strongest growth in Brazil, the latest figures show...

28, 2010 July:

Extensive Borders farm for sale

Woodhouse Farm is an arable and stock unit just 4 miles south of Jedburgh and comes with a good, informal shoot and duck flighting...

NZ's largest corporate relocation

Staff are preparing for New Zealand's largest corporate relocation with Telecom's new $280 million international headquarters in Auckland nearly finished...

23, 2010 July:

Development finance 'crucial' to economic recovery

Berwin Leighton Paisner's second Real Estate Development report, based on a survey of 100 key players across the market, has found a common view that development finance will be crucial in helping break the deadlock and restore property sector activity to previous levels...

22, 2010 July:

Aussies chase NZ's themepark

Queensland theme park operators are being tipped as possible bidders for Auckland's Rainbow's End...

21, 2010 July:

Dubai developer backs out of Malaysia

Limitless, the property arm of struggling state conglomerate Dubai World which was set up to expand overseas business, is backing out of a plan to build hundreds of luxury homes in Malaysia as it looks to shore up its finances...

EU commercial investment rising

European commercial real estate investment turnover reached €23.5 billion in the second quarter of 2010, a 15% increase on the €20.3 billion transacted in the first three months of 2010, according to the latest data from CB Richard Ellis (CBRE)...

20, 2010 July:

Siesta hotel to open

If you saw a hotel offering bookings by the hour, you would probably question its respectability. But new accommodation in Argentina is doing just that - with a view to helping people enjoy a siesta...

Big Apple: 1st major new hotels for 8 years

InterContinental opened its much-anticipated New York property in the heart of Manhattan July 12, the latest in a string of high-profile openings for the city...

15, 2010 July:

UK's largest estate up for sale

Knight Frank has just launched the historic 23,315-acre Lake Vyrnwy Estate in Wales' Cambrian Mountains...

09, 2010 July:

New airport for India

India inaugurated a multi-billion-dollar airport terminal in New Delhi on Saturday -- a shiny glass and steel symbol of the country's aspirations as an emerging global power...

Uni of Sussex library redesigned

World leading education and community facilities designer Woods Bagot will add the University of Sussex's Library interior revitalisation to its expanding portfolio of new age designs for the ‘agile student', supporting progressive pedagogy, due to be completed in Spring 2011...

08, 2010 July:

Grand reopening of Savoy

The Savoy, one of London's most historic hotels, will reopen on 10/10/10 after a renovation that has taken almost three years. More than 1000 workers have been employed on the project....

06, 2010 July:

Chinese check out Tower42

Hong Kong billionaire's Chinese Estates leads £300m bid for trophy City of London skyscraper...

01, 2010 July:

Defence estate: plans unveiled

The Ministry of Defence has announced the shape of its future commercial plans for the Defence estate across the UK...

29, 2010 June:

London's commercial market ‘vibrant'

London's West End commercial property market is currently seeing a high level of activity, particularly from foreign investors, with several recent landmark sales in the office and retail markets...

28, 2010 June:

Clapham Junction hotel plan approved

Wandsworth Council's planning applications committee has approved plans for an eight-storey hotel on Falcon Road, Clapham Junction...

23, 2010 June:

Farmland outperforms commercial

UK farmland property outperformed the commercial markets for the third consecutive year, according to the IPD UK Rural Investment Property Index...

22, 2010 June:

Hungary on ‘slow road to recovery'

The commercial real estate market in Hungary has reached the bottom of the cycle but recovery is expected to be long and slow, according to analysts...

18, 2010 June:

Florida hoteliers urged to use BP

As the first clumps of tar from the Gulf of Mexico oil spill began washing up on Florida's beaches, the state's governor, Charlie Crist, this week encouraged affected hoteliers to claim compensation from BP...

16, 2010 June:

Commercial property gaining strength in US

The collapse of the U.S. real estate bubble will not be as crushing as many had anticipated, a top executive for real estate services company Jones Lang LaSalle Inc has said...