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
The Financial Services Authority has “underestimated” the extent of the problems facing the commercial property sector with regard to lending, says primary and special servicer Hatfield Philips. The FSA’s Financial Risk Outlook 2010, published ... Read more
During the economic downturn, approximately 15% of physical regeneration projects involving the private sector have stalled or slowed because developers are struggling to get finance or because of concerns about future yields. So says a report from ... 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
Shortages of prime industrial space could mean that speculative development restarts in some areas of the UK as soon as the end of 2010, says Lambert Smith Hampton in new research published today. LSH’s National Industrial and Distribution Report ... Read more
Office business parks are struggling to keep up with the improvement in the commercial property market seen across the UK, says James Petherick at GVA Grimley in Cardiff. While Central London offices have seen a sharp jump in performance in recent ... Read more
HSBC has appointed John Herbert to the newly created role of global head of real estate. The banking group said Herbert would be overseeing all its real estate activities globally and helping to drive the creation of a coherent, international real ... Read more
Now the sweeping-up has begun after MIPIM 2010, investors and potential delegates are looking forward to next year’s get-together. The UK is to be the Guest of Honour at the property networking event in 2011 and the concluding tone of this year’s ... Read more
