News Archive: commercial property

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06, 2009 October:

UK firm loses arm

Taylor Wimpey is expected to put its problematic USA property and Canada property business up for sale this autumn in an attempt to raise around £560m, according to various reports...

05, 2009 October:

Marrakesh's facelift complete

Marrakesh's Mamounia hotel opened its doors on Tuesday after a three-year facelift aimed at fending off rival establishments trying to lure its free-spending guests...

02, 2009 October:

West End looking strong

Retailer vacancies in London's West End are lower than the rest of central London and the UK, according to the latest research from business improvement district group - New West End Company...

29, 2009 September:

A decade of shopping

Regent Street yesterday celebrated 10 years of shopping with a traffic free festival...

HSBC tower close £800m sale

Two consortiums, including one from South Korea, are vying to carry out a sale and purchase leaseback of the HSBC tower in London for around £800 million....

28, 2009 September:

The developers behind London's Chelsea Barracks, a controversial scheme where intervention by the Prince of Wales is said to have scuppered the previous design, have revealed a new list of architects for the £1 billion project...

Dubai hotel sold for homes

The five-star Angsana Dubai hotel on Sheikh Zayed Road is to be converted into homes, an apparent victim of the price war taking place in the city's hotel sector...

25, 2009 September:

Building sector ‘stable'

Stability appears to be returning to the housebuilding sector with the latest figures from the National House-Building Council (NHBC) showing the sixth quarter-on-quarter rise in applications to start new homes in the UK...

Chinese: commercial thinkers

The Chinese will replace foreign investors as the main buyers of commercial real estate in the country over the next few years, according to a new report from international property consultants...

No more waiting

Waitrose, the supermarket chain, has announced its plan to step up its growth into the convenience market...

23, 2009 September:

Sheffield tower: full speed ahead

Velocity Estates has won planning permission for an 18-storey student accommodation tower at its Velocity Tower site in Sheffield...

21, 2009 September:

Huge Topshop for Liverpool

TopShop has today opened its 65,000 sq ft Liverpool One store, its largest in the UK bar its Oxford Circus store...

18, 2009 September:

Dubai Trade Centre opens

The first stage of the Trade Centre Plaza at the Dubai World Trade Centre (DWTC) is due to open in late September...

UAE: hardest hit

Well over 500 projects have been delayed or cancelled in the United Arab Emirates, making it the hardest hit real estate market in the Gulf region, according to a new report...

The Great British hotel

Holidaymakers are showing an increasing interest in British destinations, according to an accommodation booking website...

16, 2009 September:

Hotel rates fall by fifth

The average cost of a hotel room has fallen by 17 per cent, with rates in Barcelona, Marrakesh and Vienna proving particularly good value for Britons...

15, 2009 September:

Starry starry night

Luxury hotel chains, the biggest losers in the lodging industry's decline, are giving up some of their hard-won stars in an effort to save money...

Luck of the Irish

Some parts of the Irish commercial property market are showing an increase in transaction volumes giving hope that confidence is returning to the real estate sector...

10, 2009 September:

Floating an idea

Even before Kate and Leo sailed the story onto the silver screen, the doomed Titanic was one of the most famous shipping disasters in living memory - and now, plans to create a Titanic-themed boutique hotel out of the Belfast shipyard where the original ship was built have been announced...

09, 2009 September:

A watery grave

The historic port in Venice is a tourist hotspot and bustling, boat filled venue already, so plans by Italian authorities to further expand the port in order to accommodate far bigger ships in greater numbers is worrying many, as they fear the plans could threaten the already fragile city on water...

Hidden impact?

The full extent of the commercial property market crisis in the US and its impact on banks and lending institutions has not yet been revealed, according to analysts...

08, 2009 September:

Positive gains once more

Commercial property returns returned to positive territory for the first time in two years in July, according to BDO Stoy Hayward's Commercial Real Estate Review...

In for a penny

The number of discount retailers has increased by 60 per cent during the last two years according to new research by the Local Data Company backed by the British Property Federation (BPF)...

07, 2009 September:

Facelift for ‘Worst building in history'

Poor old North Korea - the country was none too pleased when one of its buildings was dubbed ‘the worst building in the history of mankind' by Esquire Magazine - but now, the 105-storey hotel has been given a new look - so will it finally be able to shed its unfortunate nickname and become a swan?..

Sights and the city

The $5bn City of Arabia development is on schedule for a phased opening starting from the end of 2010...

Office-al growth in India

The office property market in key business districts in India is experiencing an increase in confidence with banks and financial services companies buying but the IT and ITeS sectors are yet to enter the growth spree as they are still depressed by the global economic downturn, according to analysts...

What's next for US?

It could take a generation for the US commercial property market to return to the kinds of deals seen during the boom years of 2005 to 2007, according to analysts...

28, 2009 August:

China outpacing competition

Not only is the Chinese residential property market soaring, but now the latest figures show that the country's commercial real estate sector is performing above expectations too...

Power station's future uncertain

The owner of Battersea Power Station, Real Estate Opportunities' (REO) £1.6bn debt pile represents a ‘material uncertainty' that the company can continue as a going concern, its directors and auditors said today...

Dubai rents ‘plummeting'

Residential property rents in Dubai are continuing to plummet, according to the latest real estate report to be published but there are signs of some stabilisation...

27, 2009 August:

History in the making?

An 81-year-old Auckland, New Zealand office block is being sold tomorrow but the Art Deco Society is lobbying to have it declared historic...

More cash needed for centres

The Government's £3m fund to help the towns blighted by empty shops in the recession is not enough when retailers are being hit by so many other taxes, according to Cluttons...

Towers delayed in Brum

Network Rail is delaying plans for two 30-storey towers that were part of the £600m redevelopment of Birmingham's New Street Station...

Wellie's big deal

One of this year's largest property sales has gone ahead - but to another buyer - NZ firm Kiwi Income Property Trust's sale of BP House on Customhouse Quay for $26 million was Wellington's second-largest deal this year...

25, 2009 August:

Tallest tower shelved

Plans to build Wales' tallest building as part of a £500 million development in Cardiff have been abandoned...

Focusing on a deal

Retailer Focus DIY is expected to agree a rescue deal with landlords to stave off administration, in a move that could save over 4000 jobs...

24, 2009 August:

Farmland holding its own

International farmland still represents an excellent investment with values proving robust despite the global economic downturn, according to a new report...

21, 2009 August:

Distressed rise

Over seventy five percent of countries are experiencing a rise in distressed commercial real estate sales, according to a new survey from the Royal Institution of Chartered Surveyors...

19, 2009 August:

Oz builds on the up

Borrowing levels from housebuilders for the construction of new residential properties in Australia increased by 2.8per cent month-on-month in June, and is now up by in excess of 60per cent from its low of October last year, according to Australian Bureau...

17, 2009 August:

Distress: more or less?

Distressed property sales have increased in more than 75% of countries, according to new research by the RICS...

13, 2009 August:

Commercial remains weak

Commercial development activity continued to fall in July extending the current period of decline to twenty-one successive months...

12, 2009 August:

Kicking off new interest

A projected shortage of hotel rooms to accommodate visitors during the Football World Cup next will drive greater demand for property in South Africa to rent, according to Zorgvliet property group in South Africa...

10, 2009 August:

Zoopla buys PropertyFinder

Zoopla.co.uk, a property market resource, has completed the acquisition of the PropertyFinder Group from News International and the REA Group, for an undisclosed sum...

05, 2009 August:

Tax breaks for India

Real estate developers in India are to get tax breaks if they complete projects by March 2010 as part of a major stimulus drive by the Government to boost the country's recovering economy...

Giant buys Great Barrier Reef

A US company behind tourism operations at iconic destinations including the Grand Canyon, Niagara Falls and the Yosemite National Park has bought into Queensland's Great Barrier Reef...

Focusing on DIY

Focus DIY is thought to be planning to unveil a Company Voluntary Arrangement (CVA) of 38 non-trading stores this week...

04, 2009 August:

Trinity College to buy O2

The Cambridge college is the front-runner to buy the former Millenium Dome for a figure of around £20 million...

World's tallest tower

The launch date for the world's tallest tower was finally made public yesterday, following months of secrecy...

31, 2009 July:

Empty shops double up north

The north of England has seen the number of empty shops double since mid 2008...