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Commercial Property

Birmingham office block to undergo major overhaul
West Midlands
New roof terrace and sky lounge are key features of planned revamp work at city centre building
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º£½ÇÊÓƵ inflation rise dampens hopes for December interest rate cut by Bank of England
By City AM
Inflation jumped to 2.1 per cent in October, according to the Office for National Statistics (ONS), its highest level since the start of the year, and is now expected to rise further
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Quilter Cheviot selects Paradise for its new Birmingham office
West Midlands
Financial services firm becomes the latest to take space in One Centenary Way
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º£½ÇÊÓƵ government borrowing surges to £17.4bn in October amid inflation pressures
The Budget
The government's borrowing - the difference between spending and income - hit £17.4bn in the last month, the Office for National Statistics said this morning
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Santander º£½ÇÊÓƵ earmarks £295m for motor finance payouts after landmark court decision
Commercial Property
The provision takes a significant chunk out of Santander's pre-tax profits over the quarter
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Let it roll: how competitive socialising is pulling us away from the pubs
Retail & High Street
Competitive socialising - bringing together ten pin bowling, crazy golf, cricket or darts with food and drinks - is on the rise in the region, but is it a recipe for success?
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Bruntwood SciTech and Imperial College to launch £200m deep tech hub in London
BBC
University signs agreement with the joint venture between property group Bruntwood, Legal & General and the Greater Manchester Pension Fund.
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Investment bank Cavendish announces Manchester expansion with new office at No.1 St Michaels
North West
The City of London investment bank has appointed Oliver Tebbutt as partner to lead the office and will open in the city in January
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Manchester needs to ‘keep its edge’ at MIPIM as 2025 programme for global property showcase is unveiled
MIPIM
Investors will be told about opportunities including Old Trafford redevelopment – while council chief says regeneration needs to go beyond the city centre
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High-end jewellery brand Rudell launches new Birmingham store
West Midlands
Retailer's new venture is the exclusive home in the city of legendary Swiss watch maker Patek Philippe
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Flats plan for landmark pub is approved
North West
Planning permission granted for a revised scheme which drops proposals for a new restaurant
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Revamp for new home of tech firm
West Midlands
Park Place Technologies has recently relocated its team across Birmingham to a new base
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Work to start next year on canalside resi scheme
West Midlands
Sama Investment Group is building 85 new units in east Birmingham
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Office demand grows across the North as agent warns of shortage of Grade A stock
property news
Manchester sees huge city centre deals while North East sees largest out of-town letting
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Waters Corporation opens new Birmingham manufacturing plant
West Midlands
US firm has launched a 45,000 sq ft hub where it will make precision scientific instruments
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Historic building's front 'must be saved from demolition' council says
North West
Trafalgar House, located next to Nelson Town Hall, has faced partial or full demolition under ideas to regenerate the site and wider town centre
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Village centre set for multi-million pound transformation
Economic Development
The proposals for Huyton Village include homes, a commercial district and hotel and new public spaces
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Landsec swings to profit with improved London rental market, raises full-year forecast
By City AM
Landsec, one of the º£½ÇÊÓƵ's largest property investment trusts, swung back to profit in the first half of the year and raised its earnings forecast after a rebound in occupancy and rental income in London
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Pro Steel Engineering expand with investment in new fabrication facility
Engineering
The Caldicot firm has taken a 22,000 sq ft unit at Mamhilad Park Estate
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Landlord of Bristol nightclub Motion issues statement following closure reports
Bristol
The popular city venue has hosted major music acts such as The Chemical Brothers, Chase & Status and Mr Scruff
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International Baccalaureate Organisation confirms new Welsh HQ
Cardiff Capital Region
In one of the biggest office letting deals in Wales this year it is moving to the Fusion Point One office building in the centre of Cardiff
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B&M Bargains to open giant new distribution centre in Ellesmere Port as it plans to grow to 1,200 º£½ÇÊÓƵ stores
Retail
B&M now handles 40% more containers than it did in 2019
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Huge new logistics site gets go-ahead despite earlier rejection
property news
Trammell Crow Co Logistics was given the green light for the huge new logistics site in Heywood, Greater Manchester, with a former DWP storage building set to be flattened
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Huge Oldham town centre masterplan including 2,000 new homes set for green light
North West
The 15-year partnership with developers Muse will see 2,000 new homes, offices and businesses built across the town centre
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