New developers are reported to be taking over the halted Belle Vue Mills development in Skipton, Yorkshire.
Changes in plans allowed the project to continue once more after a pause, now there will be more office space on the development rather than flats, as well as a change in leisure and retail use. Rushbond, a
Leeds property firm are to complete the project with the previous owner Novo Homes. (more…)
Liverpool Vision is launching a brand new development opportunity in the city’s business district.
Liverpool Vision is Liverpool’s economic development company and they will be using the upcoming MIPIM conference to launch the project. Jim Gill, chief executive for Liverpool Vision and Chris Oglesby, chief executive for Bruntwood will be attending the MIPIM property fair and revealing the details of the Pall Mall Exchange development plans. Liverpool Vision believe the new development marks the next phase of major expansion in the business district of Liverpool. (more…)
Insurance group Admiral are considering building a brand new headquarters in Cardiff, Wales. If put into action it will be the biggest office space scheme in Cardiff.
Admiral are currently in talks regarding their requirements for office space in Cardiff, one of the options would be to build a brand new multi-million pound development comprising of 150,000 sq ft of office space. (more…)
Commercial property consultant FG Burnett has reported a high level of office space market activity in Aberdeen. They say optimism in the business sector has improved greatly and demands have increased.
They believe that these signals point to a strong recovery in the Aberdeen office space market. Rents have stayed at the same pricing level, but now potential tenants are benefiting from better incentives and packages. (more…)
There are mixed reports for the performance of commercial property in Leeds for the past year.
In 2009 Leeds saw the largest occupational deal for five years, yet overall general take-up in the city for office space and business centres has fallen.
According to CB Richard Ellis’ latest Leeds Offices Market View, Leeds was 19% down from the 10-year average office space take-up. Figures do show however that there was an improvement in the market in the last quarter of 2009, helped along by the Yorkshire Water signing at Livinstone House, Clarence Dock, where they took 56,000 sq ft. (more…)
Nearly three quarters of UK companies are refusing to comply with new legislation for energy use disclosure.
A report in The Independent shows a reluctance from British companies to disclose the amount of heating and lighting they waste for commercial properties they rent out or sell.
This shows a worrying pattern that may cause the UK to miss its European Union target to reduce 20% by 2020. It is estimated that about one fifth of British emissions come from industry and commercial activity. (more…)
P3 Property Consultants have been hired to let 23,543 sq ft of office space at a
Manchester business park. The business park is near to Manchester Airport and one of its buildings was recently vacated by iSoft, a health-care software company.
Building 1000 has now been fully refurbished since iSoft’s departure and is offered as a whole or floor suites from 11,532 sq ft. It has been over five years since any space has been available for lease at the Manchester Business Park.
(more…)
Nottingham is proving to be in desperate need for quality city centre
office space. In previous years developers have been reluctant to invest in any speculative plans, however it all looks set to change.
Wilson Bowden is due to start development of a 100,000 sq. ft space, named the Sentinel, on the site of a former testing facility for Boots. (more…)
The commercial property market in the UK may slowly be seeing signs of recovery, with RICS members reporting a slowing in decline of tenant demand in the retail and office sector. The fall in demand and confidence in the market slowed to the lowest rate since Q3 2007, when the credit crunched really started to take hold.
North America, with a national GDP of $14.3 trillion, is the biggest economy on the planet. This means that it is also the biggest office market on the planet. With serviced office space representing a tiny fraction of overall workspace globally, perhaps less then 5%, this is a massive opportunity for the industry. Despite the fact that there is likely to be serviced office space in every major US city, and perhaps even in the not so major ones, there is still I feel there is (as in the UK) a lack of understanding over what serviced offices actually are.