Aditi Shah Editorial
Property Week
Aditi Shah is Occupiers Correspondent at Property Week. She writes a weekly section in Property Week which covers retail, leisure, office and industrial occupiers across the UK. This section includes news and analysis for and about occupiers and how they manage their workplace and property portfolio. Aditi also contributes to the Markets section in the magazine that covers all regions across the UK. She is responsible for writing about Kent, Surrey, Sussex and the Thames Valley region, primarily consisting of Berkshire. In addition she writes analysis features for Property Week’s sister publications Property Week Global and Property Week Global Interactive. Born and brought up in Mumbai, India, Aditi moved to London in October 2007 when she joined Property Week after completing her diploma in business journalism. A passionate foodie, travel addict and avid follower of Formula 1, she enjoys discovering hidden parts of London. Follow Aditi on Twitter at twitter.com/pwaditishah
Stories by this contributor.
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Wage Revelations: Corenet Global Compensation Survey
08 April 2011
European executives are best paid, a Corenet Global survey shows
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My big move: West End to east
08 April 2011
Mark Coxon tells Aditi Shah why he swapped Cushman for Caxtons
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Office Prophecies
01 April 2011
The British Council for Offices has shortlisted eight entrants for a competition to design the media office of the future
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Property under starter’s orders for London Marathon
01 April 2011
A mix of keen first-timers and running veterans are taking the opportunity to get in shape and raise money for charity on 17 April
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The force is with PWC at More London
25 March 2011
Aditi Shah goes on the first media tour of the accountant’s new headquarters Sitting on the south bank of the River Thames to the east of Tower Bridge, PWC’s new headquarters building at 7 More London resembles a spacecraft from Star Wars
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Brighthouse takes space at MEPC Watford scheme
23 March 2011
Rent-to-own retailer, BrightHouse has taken an additional 10,000 sq ft of offices at MEPC’s Leavesden Park in Watford. It already occupies 12,000 sq ft on the park and sits opposite Warner Brothers’ film studios.
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Targetfollow’s Fox and Wells in a new venture
18 March 2011
Former Targetfollow directors Ian Fox and Julian Wells have launched a new property asset management company, FW Properties.
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Prupim to outsource property management to CBRE
18 March 2011
Property fund manager, Prupim, is in exclusive talks with CB Richard Ellis to outsource its property management and property accounting services in the UK.
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Berkeley reports 25% increase in sales reservations
18 March 2011
Residential developer Berkeley Group has reported a 25% increase in overall sales reservations in the fourth months ending 28 February compared to the same period last year.
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Japan disaster causes German fund to suspend redemptions
18 March 2011
Union Investment has suspended the sale and redemption of units for its open-ended real estate fund, UniImmo: Global as a result of the nuclear accident in Japan.
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Delancey buys Derbyshire industrial estate
18 March 2011
Delancey has bought the West Hallam Industrial Estate in Derbyshire for £18.65m from Douglas Bay Capital, reflecting an initial yield of 8.6%.
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Meeting of minds for Reading mentors
18 March 2011
Reading Real Estate Foundation has celebrated the third year of its mentoring scheme
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Property’s socially responsible climbers
18 March 2011
African mountain top is bustling with industry’s charity expeditions
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Everything goes to Cushman Everywhere
11 March 2011
Mobile phone service provider hires agent for all UK real estate requirements
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Retail Britannia
04 March 2011
As UK shoppers tighten their belts, overseas customers are welcoming British brands
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New West End Company submits plans for Oxford Street "shopper pavilion"
25 February 2011
The New West End Company has submitted a planning application to Westminster City Council this morning for a first shopper pavilion on Oxford Street.
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Houston: prepared for lift-off
25 February 2011
Normer ING global head to launch two £250m London funds next month
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Jack Wolfskin beats a path to new territories
25 February 2011
Outdoor firm continues its international expansion
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London and stable Gulf states likely to benefit from unrest
25 February 2011
But political change could lead to increased focus on domestic investment
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Agreement signed for £100m Birmingham New Street redevelopment
21 February 2011
John Lewis, Network Rail and Birmingham City Council have signed an agreement this morning for a £100m redevelopment of New Street station in Birmingham city centre.
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Banks to give better account of themselves
18 February 2011
Branch revamps aim to combat decline in popularity and rise of internet banking
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Thorntons to resize high street portfolio
16 February 2011
Thorntons is reviewing the size of its store portfolio after it reported a decline in profits in the second half of 2010.
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Game plans £15m spend as it moves focus to online sales
16 February 2011
Game Group is planning to invest £15m in a three-year strategic plan to increase its revenue and profits, and has refinanced its banking facilities to help achieve this.
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Domino’s Pizza tops the market
11 February 2011
UK’s largest pizza-delivery chain continues expansion after healthy 2010
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Corporate responsbility: Businesses unite for inaugural convention
11 February 2011
For property companies hoping to improve their corporate social responsibility credentials, next month’s Responsible Business Convention could be a good place to visit.
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Microsoft opens new window to advisers
11 February 2011
Computing colossus among multinationals issuing global property mandates
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New Look appoints new property director
4 February 2011
Fashion retailer New Look has appointed Richard White as group property director to help drive its international expansion.
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Second phase of Surrey regeneration to begin this month
4 February 2011
Residential developer A2Dominion has completed the first phase of its £50m regeneration project, Stanwell New Start, in Surrey.
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Property CVAs rise by a third
4 February 2011
Property companies entering company voluntary arrangements (CVAs) increased by a third in the last quarter of 2010 compared with the previous quarter.
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House prices rise marginally in the new year
4 February 2011
House prices were up 0.8% in January compared to a 1.3% decline in December 2010, according to the Halifax House Price Index.
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Bruntwood office portfolio increases in value but profits decline
4 February 2011
In its annual results, the family owned commercial property company, revealed a 4% increase in the value of its office portfolio to £948m in 2010 compared to 2009.
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Southern’s heavy cross to bear
04 February 2011
Over-renting and falling occupancy thwart care home operator
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Occupier exodus as Egypt erupts
04 February 2011
Barclays and Citigroup put requirements on hold
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Get coached in how to tackle business
04 February 2011
Course to teach property professionals how to apply sporting skills to their job
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Carpetright issues profit warning as sales decline
2 February 2011
The carpet retailer, founded and run by Lord Harris of Peckham, reported a 7.7% fall in like for like sales in the UK and Ireland for the 13 weeks to 29 January due to “adverse weather conditions and fragile consumer confidence”.
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Pontin’s rescued by Britannia Hotels
28 January 2011
Manchester-based Britannia Hotel Group has bought the troubled holiday camp operator as a going concern from administrator KPMG.
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Lloyds and Telereal duo set up shop
28 January 2011
CRE Associates to offer property advice to corporate occupiers
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My Extraordinary Hobby: Kevin Cooke on why he loves motor racing
28 January 2011
Kevin Cooke, development director at Patron Capital Partners, talks to Aditi Shah about his passion for motorsports
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Take five… tips for moving to another country
28 January 2011
A year ago Vincent Lottefier moved from New York to Paris to take on the role of chief executive officer of Europe, the Middle East and Africa corporate solutions at Jones Lang LaSalle
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Pontin’s blues end in seaside sell-off
21 January 2011
Three left in race for debt-laden holiday camp operator
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Put your rethinking cap on
14 January 2011 upload
Property Week and the British Council for Offices launch a competition today to find the office of the future for a media or technology company
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Lack of jobs in property raises fears of 2020 skills gap
14 January 2011 upload
The lack of jobs in the property and construction industry has raised fears about the loss of a generation of talent as graduates are forced to look at alternative professions
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Sainsbury’s reports strong third-quarter sales
12 January 2011
Sainsbury’s, UK’s second largest food retailer, revealed its best-ever Christmas trading “in a challenging consumer environment”.
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Greggs plans new store openings
12 January 2011
Bakery retailer Greggs plans to open 80 new stores this year in order to expand its portfolio of 1,487 outlets.
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The Restaurant Group plans expansion as sales rise
12 January 2011
The Restaurant Group, owner of British food chain Garfunkel’s, plans to expand its portfolio of 350 restaurants as it revealed a 7% increase in turnover in 2010.
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Online’s fine but it’s last orders for pubs
07 January 2011
Online retailers and budget operators will rise and rise this year, but the outlook is bleak for pub groups, car manufacturers and the government. Aditi Shah predicts the winners and losers for 2011
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Next loses £22m of sales and predicts uncertain outlook for 2011
6 January 2011
Fashion retailer Next revealed it lost £22m of sales, representing 2.2% of the season’s total sales, due to bad weather in the run up to Christmas.
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Barry Varcoe joins Swiss insurer
5 January 2011
Barry Varcoe, former group property director at the Royal Bank of Scotland, has been appointed global head of corporate real estate and facilities management at Zurich Financial Services.
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Loch Lomond golf club to be bought by members
22 December 2010
Loch Lomond Golf Club in Scotland, whose members include Prince Andrew and Sir Sean Connery, is close to being bought out of administration by its 800 members.
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Two leave BNPPRE to join King Sturge
20 December 2010
King Sturge has poached two people from BNP Paribas Real Estate’s client solutions team in order to expand its international corporate real estate business.
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Asics starts run-up to global expansion in Europe
17 December 2010
Sports shoe retailer opens in Amsterdam as start of European-wide growth
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Reorganise your desks to save money
17 December 2010
Cellular offices cost 50% more than an open-plan design
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No end to retail sector's nightmare after Christmas
10 December 2010
Cotton price, VAT rises and belt-tightening consumers are thwarting retailers
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Berkeley Group profits up nearly 20%
3 December 2010
Housebuilder Berkeley Group revealed an 18.5% increase in pre-tax profit over the past six months during an ‘elusive sustained recovery’.
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Microsoft’s ex-property chief opens windows for SMEs
03 December 2010
Nigel Baker sets up consultancy for small firms with a view to development
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BAM puts on specs and looks for opportunities
03 December 2010
Developer specs in Chiswick and eyes old shopping centre
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MAPIC special: Debenhams progresses global plans
26 November 2010
Department store chain targets developing countries for global expansion
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Freeport freewheels into Chinese outlet rollout
26 November 2010
Beijing Capital and Singapore government back plans to develop 30 Palette-branded centres
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What to know MAPIC
26 November 2010
Aditi Shah gives the lowdown on last week’s retail industry show in Cannes
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PWTV: Asics to open more than 100 stores across Europe over the next five years
19 November 2010
Sports and fashion chain Asics is planning to open more than 100 stores in every major European capital city over the next five years, the retailer’s retail operations manager Fernando Pina told Property Week today.
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Busy as a Beeb: the BBC's relocation
19 November 2010
Auntie is hard at work transforming her image from stuffy southerner to approachable northerner through her shiny new Salford Quays campus. Aditi Shah reports, six months from the big move
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Orange to squash with T-Mobile in shops and on air
19 November 2010
Mobile phone networks to consolidate and trial dual-brand stores to help save £3.5bn
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Bolland marks new role with sparky strategy for high street stalwart
19 November 2010
New chief executive outlines strategic three-year plan for Marks & Spencer
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MAPIC: Mid-range fashion retailers plan to grow by 30% next year
18 November 2010
Mid-range fashion, and value and denim retailers are planning to expand across Europe, Middle East and Africa (EMEA) fastest than any other retail sector.
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MAPIC: Foot Locker plans to expand European portfolio by 40%
18 November 2010
Sports fashion and footwear retailer, Foot Locker is planning to open 200 stores in the next three years.
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MAPIC 2010: Cushman releases 'retail drivers' report
17 November 2010
Vacancy rates and supply – particularly shopping centre development - will be the most important drivers of retail property markets and performance in 2011, according to a new report ‘European Retail - 10 Key Drivers for 2011‘ released today by Cushman & Wakefield.
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MAPIC 2010: Welcome to Cannes
17 November 2010
Peter de Soissons, sales director ot Mapic-organiser Reed Midem, spoke to Property Week reporter Aditi Shah at the opening drinks party in Cannes to outline what to expect from this year’s retail conference.
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Bets are on as bookies eye up Tote portfolio
12 November 2010
Government hints at sale of public betting shop as bookmakers record huge profits
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BAM beats bidders to prime Glasgow site
12 November 2010
BAM Properties has bought a prime site in Glasgow city centre for a 170,000 sq ft redevelopment project
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IPD’s first Asia report to aid foreigners with transparency
Global November 2010
Hong Kong and Thailand are region’s best performers
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Nomura raises its trading standards
3 November 2010
Japanese investment bank’s new London base is a statement of intent
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The Co-operative: good with property
29 October 2010
The Co-operative Group is thought to be considering the sale of its life assurance business, which could help bolster its 350-branch bank network to compete with larger national rivals
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Olympics boost for East End industrial
29 October 2010
Industrial landlords in the Thames Gateway have experienced a surge in short-term requirements because of the 2012 Olympic Games.The London 2012 Organising Committee is thought to have placed an 111,400 sq ft unit on Gemini Business Park in Beckton under offer for an Olympics-related occupier; sports events coverage specialist Host Broadcast is rumoured to be looking for 150,000 sq ft; and a television production company has appointed Strutt & Parker to find a 100,000 sq ft warehou
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What’s next … for Greenwich
29 October 2010
Three key projects at Greenwich Peninsula are expected to take a big step forward next month
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New Looks forward to UK domination
22 October 2010
Low-price fashion retailer launches four-pronged UK and overseas expansion plan
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OFT to publish guidance on land agreements
15 October 2010
The Office of Fair Trading (OFT) has produced draft guidance for businesses about the types of land agreements that might fall foul of competition law.
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Warner Estate lets Swindon shed
15 October 2010
Warner Estate Holdings has let its 75,638 sq ft South Marston One warehouse in Swindon to battery manufacturer, Yuasa Batteries.
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LSE gets Westminster approval
15 October 2010
Proposals for a new student centre for London School of Economics and Political Science (LSE) have been approved by Westminster City Council.
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Affordable housing could unlock £125bn to fund new homes
15 October 2010
A radical shake-up of the affordable housing sector could unlock up to £125bn that could be used to fund the development of new homes, according to new research.
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Serviced Office Group to buy Bourne Financial
15 October 2010
Serviced Office Group, the AIM-listed company, has entered into a conditional agreement to buy a company owned by its director Andrew Bourne.
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Property oracle to leave empire behind
15 October 2010
After 22 years at IT software company Oracle Corporation, Tim Caiger, vice-president of real estate and facilities, EMEA (Europe, Middle East and Africa), is to step down at end of the year
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What to know - Accessible Retail
15 October 2010
Aditi Shah sums up the key talking points at the out-of-town retail organisation’s annual conference last week
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Whom to know - Tim Harrison
15 October 2010
In 2008, Tim Harrison, head of format development at John Lewis, was given a tough task: to find a new concept for the retailer that would ensure it continued to grow its market share
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Banking on change at the CoreNet Global
08 October 2010
Heads of property at leading financial services firms share their real estate strategies at last month’s CoreNet Global Summit. Aditi Shah reports
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Nike runs in to Glasgow
7 October 2010
Nike is planning to open a 30,000 sq ft flagship store on Buchanan Street, Glasgow in spring next year.
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Sports Direct exercises small-store strategy
01 October 2010
Sports retailer requires stores of 2,500 sq ft in suburban locations, as large London shops become increasingly scarce
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Yell shouts about Reading relocation
01 October 2010
Directories service saves costs and space with move to One Reading Central
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HMV charts high street losses despite diversity
24 September 2010
Retail group fails to capitalise on loss of rivals as it expands range
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BNPPRE predicts slow recovery
17 September 2010
BNP Paribas Real Estate is predicting a slow economic recovery for the UK with rents and capital values unlikely to reach the peak levels of 2007 before 2025.
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Occupiers less than 50% satisfied
16 September 2010
Occupiers in the UK have rated their level of satisfaction at below 50% and feel landlords need to focus more on customer service.
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20-30-40-50: Legacy Portfolio project manager Helen Casey
10 September 2010
Every week, we meet a property person from a different age group. This week, Aditi Shah talks to 25-year-old Helen Casey, a Tweeting surf chick, and project manager at lease liability specialist Legacy Portfolio
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Nelson faces battle for Sterling
10 September 2010
Residential development meets resistance from locals as it goes to committee
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Party is over as Luminar sells Leeds nightclub
10 September 2010
Majestyk sale is latest in struggling nightclub operator’s plan
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They’re off at Newbury — but there are further fences
10 September 2010
Standard Life and Shearer delay opening of Parkway again
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Turbomachinery drives Easter Park
10 September 2010
Largest letting of year so far confirmed as area developments struggle
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Heron launches second phase of apartments in London
8 September 2010
Gerald Ronson’s Heron International will this week release the second phase of apartments at its 36-storey luxury residential tower in the City of London.
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Tenants sign up at Ascot
7 September 2010
Salmon Harvester Properties has secured two tenants at Ascot Business Park in the Thames Valley.
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Mark Denford joins Cushman
7 September 2010
Mark Denford has joined as a partner in Cushman & Wakefield’s UK office agency team and will be based at its Thames Valley office.
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Wapping flats get go ahead
7 September 2010
Architect Hawkins\Brown has secured planning consent for change of use from offices to residential at the Grade II-listed Metropolitan Wharf in Wapping, east London.
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Spudulike snaps up Cardiff unit
6 September 2010
Foodservice operator, Spudulike, has taken the last unit in the restaurant quarter, Eastside, at St David’s shopping centre in Cardiff.
