Over 1,500 jobs were saved back in July when retailer Internacionale entered into a pre-pack arrangement in which it was bought by a new company backed by existing shareholders.
“Here is something that would never happen in London. A major law firm’s lease comes to an end; the landlord doesn’t appoint lawyers or surveyors.”
Stereotypes… Being British I have to talk about the weather and yesterday morning the fog in Munich saw those due to arrive rip up their schedules and frantically start again.
Monday morning in Munich, a blanket of fog covers the city and for the first time in eight years the usually reliable metro system delays my arrival at the convention centre.
‘How can it be worth buying a residential property for £35m only to knock it down?’ One may well ask. ‘Put this former carriage house and stable elsewhere and it would be worth a fraction of the price.’
As we look forward to the new slimmed down, austerity affected BCSC in London, it is perhaps slightly ironic that the shopping centre investment market finds itself in very rude health.
Rapidly evolving procurement and occupier needs mean the international real estate market is playing catch up. The continued consolidation of the world’s largest businesses, coupled with the explosion of internet shopping has resulted in new distribution channels to market, and two new classes of property.
Yesterday’s event marking the start of the redevelopment of Battersea Power Station was an incredible occasion, for lots of reasons.
As is often the case with major Government announcements, the national media were so extensively briefed ahead of the Spending Review that surprises were few and far between.
Cardiff’s emerging Local Development Plan (LDP) is long overdue, largely owing to criticisms and questions over its deliverability. Current proposals raise concerns about the scale of development; 45,400 new homes focused on four greenfield locations around the outskirts of the city by 2026.
For the first time in three years, the Property Week International leader does not have to consider the potential impact of an impending eurozone meltdown.
Does Natie Kirsh sit in his office in Finchley and wonder what could have been?
It’s been a big week for bullet-pointed action plans.