Tesco says it is to restart work on development projects it had previously put on hold. The supermarket giant today reported full-year pre-tax profits up 10% to £3.2bn and said it would spend £1.6bn on capital investment during the next 12 ... Read more
Colliers CRE says its recent survey of 244 of the world’s major institutional and private investors shows that while much uncertainty still exists, “capital flows are showing signs of coming off the bottom and current investor sentiment indicates we ... Read more
The giant Westfield Stratford City development has appointed CB Richard Ellis and Cushman & Wakefield as joint leasing agents for the 1.1m sq ft of office space to be constructed as part of the scheme. The offices will be in the new commercial ... Read more
London is leading the recovery in the commercial property market, says Cluttons in its latest research on the subject, but concerns persist regarding all but the very best stock. Cluttons says capital values have risen 11% since last July, but ... Read more
A new month, and more things for retailers to worry about. The British Retail Consortium has today called on the government to reappraise the property taxes they have applied to businesses, saying new increases threaten “to harm retailers’ ability to ... Read more
The system of paying rent on a quarterly basis is “archaic”, says the Liverpool Daily Post in a Viewpoint column published today. And recent case law is forcing administrators to shut up shop instead of fighting for struggling businesses, it ... Read more
Investors in the UK retail market will have opportunities in all subsectors in 2010 as the rebound in the market is expected to maintain momentum throughout the first half of the year, says CB Richard Ellis. The group’s executive director for ... Read more
Songbird Estates, the majority owner of the Canary Wharf development in London, on Friday announced a return to profit for 2009 as the upturn continued in the market for office space to let in the capital. The group said its rental income for the ... Read more
Never mind the get-together in Cannes this week – today a special summit is taking place in Birmingham designed to address the regeneration of UK High Streets and town centres. The Saving Britain's High Streets gathering brings together retailers, ... Read more
The freehold of the London landmark building housing the retailer Liberty has been sold at a substantial premium, after it was put up for sale earlier this month. The Tudor-style 125,000 sq ft building just off London’s Regent Street has been bought ... Read more
