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Crossrail will cost retailers £250m before any benefits are seen, says BRC
Posted on July 30th, 2009 No commentsThe British Retail Consortium estimates retailers will have to pay out £250m in business rates to fund Crossrail before they see any benefits from it.
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Government announces Infrastructure Levy regulations
Posted on July 30th, 2009 No commentsThe government today set out its draft regulations for implementing the Community Infrastructure Levy (CIL) which will come into force from 2010.
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Peel Holdings secures planning for £15m Rochdale project
Posted on July 30th, 2009 No commentsRochdale Council has approved Peel Holdings outline planning application for a 347,416sq ft business and distribution park in Hareshill.
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Decline in property returns slows, says JLL
Posted on July 30th, 2009 No commentsThe decline in property returns slowed in the second quarter of 2009 according to the Jones Lang Lasalle Quarterly Property Index.
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Nationwide reveals 1.3% rise in house prices
Posted on July 30th, 2009 No commentsAccording to its monthly index UK house prices in July rose for the third consecutive month.
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German fund buys Italian shopping centre
Posted on July 30th, 2009 No commentsThe Antegnate shopping centre in Bergamo, Italy has been sold by the Stilo Group to AXA Immoselect, a German Open Ended Fund managed by Axa Investment Managers Gmbh for more than €150m.
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Invista profits fall by 99%
Posted on July 30th, 2009 No commentsInvista Real Estate Investment Management suffered a plunge in profits in the first half of this year.
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BiG Storage agrees refinancing
Posted on July 30th, 2009 No commentsBiG Storage, a Cheshire and Lancashire-based self-storage operator, has refinanced £5.1m of its £13.5m debt with the Royal Bank of Scotland.
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Midtown, Soho and Southbank rents fall further in EA Shaw report
Posted on July 30th, 2009 No commentsRents in Midtown, Soho and Southbank fell further in the second quarter of the year with occupier activity remaining low, EA Shaw's latest office report has revealed.
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Barratt Homes and First Wessex to develop Southampton site
Posted on July 30th, 2009 No commentsBarratt Homes and First Wessex have been chosen as the preferred bidder to develop the Hinkler Parade site in Thornhill.