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News Archive: commercial property

14, 2010 June:

Gucci branches into hotels

For years, it has been known primarily as the fashion house whose designer clothes are worn by celebrities such as Madonna and Rihanna...

11, 2010 June:

Commercial market slowing in UK

Commercial property performance in the UK continued to slow in May as investor demand weakened as a result of growing nervousness over the economy and renewed financial market uncertainty, according to a new report...

10, 2010 June:

This hotel is rubbish

A hotel made entirely of rubbish has opened in the centre of Rome. The Save the Beach Hotel is an environmental project sponsored by the beer brand Corona Extra and the hotel has been designed by the German action artist H A Schult...

09, 2010 June:

Abu Dhabi: Leaning to the right?

Plenty of skyscrapers dominate the desert horizons of the Middle East including the world's tallest building, the 828-metre Burj Khalifa in Dubai, but until now the term 'leaning tower' has been associated with just one destination - Pisa...

Empire State: in the dark

New York City's Empire State Building has said "yes" to Mariah Carey, dog shows, cancer charities - and even the 60th anniversary of communist China...

08, 2010 June:

Venice selling off its heritage

One of Italy's most famous cities is being forced to sell off dozens of historical palazzos in a bid to boost the city's fast diminishing funds - but is this a rather short-sighted solution?...

Opera House gets safety tune-up

Sydney's iconic Opera House is well known for beautiful singing, less so for the agonised screams of hapless visitors...

Commercial EU market analysed

With the new UK coalition government warning of tough times ahead for the country's public sector and the overall economic outlook in Europe still uncertain, the future of the commerical property market will be analysed at a major conference in London in September...

03, 2010 June:

Innovation is key to a successful office

Emphasis on workplace productivity is misplaced and firms should focus on innovation according to new research from property and construction consultancy Robinson Low Francis (RLF)...

02, 2010 June:

Irish commercial: boost?

Turnover in the Irish investment property market in 2010 is expected to be significantly higher than in 2009 as confidence show signs of improving, it is claimed...

27, 2010 May:

IFAs prefer commercial

More financial advisers think their clients should consider commercial property as an investment compared with residential property, according to the latest survey of Independent Financial Advisers (IFAs)...

EU office market on the up

The European office rental market is continuing to improve as Europe's economies continue to recover from the global economic crisis and business sentiment has now improved over four consecutive quarters, according to a new report...

26, 2010 May:

Shard: Middle Eastern buyers look South

Middle Eastern and other foreign buyers are now setting their sights on residential property in SE1 for the first time, report property consultants Cluttons...

18, 2010 May:

European commercial ‘looking good'

There was further demand in the European commercial property market in the first three months of 2010 particularly from foreign buyers which has increased confidence and spread interest to new areas, according to a new report...

Solution for London office development drought

Jones Lang LaSalle has addressed the drought in the London office market pipeline and reveals a growing opportunity for Grade B office space to be refurbished and repositioned as Grade A to bridge the ever increasing supply gap...

10, 2010 May:

Madeira moves a step closer

The Ponta do Pargo Hotel in Madeira is a step closer to realizing its goal with the submission of the detailed planning application to the Calheta planning authority...

London: priciest office

London is still the most expensive office rental market in the world, three times higher than Midtown New York, according to a new survey...

05, 2010 May:

Global commercial recovery underway

Latin America and Asia are leading the recovery in the global commercial property market with Peru, Brazil and Singapore providing the best upswing, according to a new report...

04, 2010 May:

Ireland: positive return at last

The Irish commercial real estate market has delivered its first positive quarterly total return in two years, with a modest 0.4% in the first three months of this year...

Investors turn away from UK

Surging commercial real estate values in the UK is causing European property investors to shift their focus to the continent as they chase strong returns there, according to property experts...

30, 2010 April:

UK: surging commercial values

Surging commercial real estate values in the UK is causing European property investors to shift their focus to the continent as they chase strong returns there, according to property experts...

29, 2010 April:

Armani in world's tallest building

With suites costing up to $A11,800 for one night, Italian designer Giorgio Armani yesterday opened his first signature hotel in the world's tallest tower in the Gulf emirate of Dubai...

26, 2010 April:

Brazil: invest in office space?

Brazil is booming - it's now an investment-grade middle class country and as soon as the growing number of middle class Brazilians can afford to, they visit the beaches around Fortaleza, the country's top domestic tourism destination...

US commercial: good start to 2010

Overseas property investors are feeling more inspired, according to research by Worldwide Property Group...

Large scale landlords to increase holdings

Large scale landlords look set to take advantage of the improving buy-to-let market, according to the latest landlord sentiment survey conducted by LSL Property Services plc, which owns the UK's largest lettings agent network, including national chains Your Move and Reeds Rains. 28% of landlords polled by LSL Property Services plc intended to expand their portfolio in the next year. Landlords with five or more properties, are more likely increase their involvement in the private rental sector - with four in ten saying they expected their portfolios to grow, compared to 26% of smaller scale landlords (with less than 5 properties)...

23, 2010 April:

Weeding out the best hotels

Anything goes in California - the world's first marijuana-friendly hotel has opened its doors to chilled-out customers in Los Angeles...

22, 2010 April:

Crown opens 3rd hotel in Melbourne

Outspoken chef Gordon Ramsay and Victorian Premier John Brumby will join billionaire James Packer for the opening of Crown's third luxury hotel in Melbourne tonight...

20, 2010 April:

30% rise for commercial transactions

Direct commercial real estate transaction volumes are predicted to increase by 30% in 2010 in Europe, the Middle East and North Africa, according to a new report...

19, 2010 April:

Delays to Savoy Hotel's makeover

The Savoy Hotel in London has always been associated with style and decadence, so when it was closed for a £118million upgrade in 2007 the public eagerly awaited its glamorous reopening...

16, 2010 April:

Residential outdoing commercial

Commercial property investors are being urged to take a look at the residential market and the 11% return achieved by the sector in 2009...

08, 2010 April:

Report: commercial property debt

European banks may face a €156 billion shortfall in funds needed to refinance commercial real estate debt in the next two years, a new report warns...

07, 2010 April:

UK commercial: delay and pray

The crash in property prices has had a devastating impact on the banking system and there may be more to come...

06, 2010 April:

World's tallest building reopens

The 'At the Top' viewing deck of Dubai's Burj Khalifa, the world's tallest building, has reopened after being closed for maintenance for almost two months, an employee said yesterday...

31, 2010 March:

Financial records landlords should keep

Landlords and property investors often have difficulty in proving how much they earn and expenses claimed to HM Revenue and Customs. To help make those claims stick and pay less tax, here's a list of financial records every property business should keep...

26, 2010 March:

Oz commercial loans hit issues

While Australia's financial system has remained resilient, a rise in poorly performing commercial property loans needs to be monitored, the central bank said...

25, 2010 March:

Portuguese market recovering?

The Portuguese commercial real estate market is showing signs of a gradual recovery after all sectors experienced a severe downturn in 2009 that amounted to its worst ever year on record, according to a new report...

19, 2010 March:

Europe facing commercial property timebomb

Europe faces a commercial property debt problem with almost €1 trillion (£896bn) outstanding from the sector and a quarter of that potentially distressed.

03, 2010 March:

Imperious London leads the way

London's commercial real estate market has led a rebound from the credit crisis and global recession, according to CB Richard Ellis Group Inc.

25, 2010 February:

Big plans for New Zealand's trendy Newmarket

Big plans to transform Newmarket in New Zealand's southern end from a brewery site into mixed-use have been slow to emerge...

Harbour high-rise for Sydney?

The Australian Premier, Kristina Keneally, has warmly endorsed a plan to build one of Sydney's biggest hotels more than 100 metres out over the harbour, insisting it will not create a precedent other developers will seek to follow...

24, 2010 February:

US commercial on the rise

US commercial real estate prices increased for the second month in a row in December, rising 4.1%, but the sector continues to face several challenges, such as the rising tide of defaults and subsequent foreclosures, according to a new report...

23, 2010 February:

Prime yields in UK commercial

Prime yields in the UK commercial property market stabilised in January, dropping just 7%, the smallest monthly fall since May 2009, according to the latest sector report...

19, 2010 February:

Gulf developers: ‘creative negotiation'

Real estate developers in the Gulf region are going to have to negotiate creatively with investors during 2010 to avoid a rise in defaults, it is claimed...

German investment skyrocketing

A vast majority of investors and companies believe the German real estate investment market will remain attractive in 2010, with the number of people sharing this view rising to 80% from 66% last year...

18, 2010 February:

Czech Republic restarts major project

Multi Development Czech Republic has announced the restart of construction of its major inner-city development in Ostrava after a one-year break due to the financial crisis. This follows Multi's recent announcement of closing the EUR 99 mln funding deal through a syndicated loan from four banks...

17, 2010 February:

China muscles in on commercial

Chinese real estate investors are increasing looking to the commercial property market in London as they put money into UK companies and embark on new ventures, it is claimed...

15, 2010 February:

Crown gets extreme makeover

It's a right royal success story - the Crown Towers on Melbourne's Southbank is one of Australia's hottest addresses and the most expensive hotel to stay in - and that's before it gets a massive overhaul of its high-rolling casino complex...

11, 2010 February:

Birmingham to become new Heathrow

Government plans for a 200mph high-speed rail network could see travellers from the south east eschew London airports in favour of jetting away from the West Midlands instead...

Weak World Cup prompts hotel sale

Nearly 8,000 hotel rooms for this summer's World Cup have been put back on the market by the organisers, due to low demand....

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