Occupiers
Property Week
Stories with this category.
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Byron flips on to London's Strand
25 May 2012
Restaurateur Tom Byng’s hamburger chain Byron has taken a unit at Enstar Capital’s mixed-use development on London’s Strand.
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Clinton closure list: high-void towns are hit hardest
25 May 2012
Half of the 350 Clinton Cards stores being closed by administrators are in towns with above-average vacancy rates, Local Data Company research shows.
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Max’s St Katharine refurb at maximum capacity
25 May 2012
Max Property Group has let the last space at International House at St Katharine Docks in London.
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Muffin Break 48 outlets in UK
25 May 2012
Australian chain Muffin Break has revealed plans to open another 36 units in the UK.
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Pioneering low-carbon trust signs green-friendly Winton
25 May 2012
Hedge fund to pay £35/sq ft for 60,000 sq ft in Hammersmith, proving sustainability can also be profitable
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REITs view occupiers as ‘customers’, reports survey
25 May 2012
Developers are investing more money in providing a better service to tenants and conducting independent surveys to identify areas for improvements, a Real Service Best Practice Group review shows.
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Skype calls for third floor at Waterhouse Square
25 May 2012
Skype is close to agreeing a 90,000 sq ft deal at Prupim’s Waterhouse Square office building in London’s Midtown, having placed the third floor under offer.
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Stringent financial controls leads to City portfolio squeeze
25 May 2012
Reforms mean banks must cut costs and seek more efficient space. Rachel Hunter reports
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Tenants must exit Centre Point
25 May 2012
Almacantar is ploughing on with plans to convert Centre Point into luxury flats, after informing tenants it wants vacant possession by March 2013.
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Pharmaceuticals giant begins search for Thames Valley HQ
18 May 2012
Healthcare and pharmaceutical company Allergan is hunting for a new headquarters in the Thames Valley, PropertyWeek.com can reveal.
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Coast takes on Clinton store
18 May 2012
Fashion retailer Coast plans to trial a larger-format store after signing up for a flagship shop on London’s Oxford Street.
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Hotter Shoes steps up pace of expansion
18 May 2012
Lancashire-based shoe company Hotter Shoes plans to expand its store portfolio by 35 sites by the end of 2013.
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National Grid switches on to asset management
18 May 2012
Energy operator splits portfolio to maximise value from 2,400 acres of surplus sites. Rachel Hunter reports
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Retail trompe l'oeil
18 May 2012
“Shopjacket” has been entered as a new word in the Cambridge Dictionary to describe a fake frontage to a vacant store that makes it look like a functioning shop.
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Westrock and Quora's supermarket sweep
18 May 2012
Property investment company Westrock last month formed a joint venture with retail developer Quora to develop £150m of supermarket space across the UK.
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JLL retained by Proctor & Gamble
15 May 2012
Jones Lang LaSalle has extended its facilities management contract with Proctor & Gamble by another five years.
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CBRE wins prized Lloyds contract from JLL
15 May 2012
Lloyds Banking Group has appointed CBRE to provide transactional advice across its 20m sq ft portfolio of offices and retail banks, as tipped by Property Week.
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Corporate occupiers are cutting costs, consolidating and collaborating
11 May 2012
Property Week Analytics’ second report investigates how occupiers approach property in a recession. Hardeep Sandher reports
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DP World’s ship comes in at London Gateway
11 May 2012
Port operator close to signing first occupier at £1.5bn Thames Estuary scheme
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Schroders regear is sign of the times in City
10 May 2012
Fund manager Schroders has regeared its lease at 31 Gresham Street in the City, as financial services companies continue to put office moves on hold.
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CBRE regains top spot from Jones Lang LaSalle
04 May 2012
League tables for the first quarter of 2012 show London offices as only healthy centre
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Falling profits force Tesco back to the home front
04 May 2012
Supermarket to focus on refreshing UK stores after overseas distraction. Rachel Hunter reports
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Morrisons brings fresh alternative to south
04 May 2012
As Morrisons accelerates its expansion into London and the south, the Bradford-based chain is adapting to a different kind of customer.
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Shop vacancy rate returns to record high
04 May 2012
The start to 2012 has been as challenging as the previous three years’ first quarters.
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Pure Gym fighting fit and ‘not for sale’
27 April 2012
Founder says adviser called in to discuss expansion plans. Rachel Hunter reports
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Retailers’ talk is tough, but big landlords drive a hard bargain
27 April 2012
Tough negotiations continue on UK’s struggling high streets. Rachel Hunter reports
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Westfield hopes office tenants will ensure legacy long after Olympic Games
27 April 2012
Westfield signed up the London Legacy Development Corporation last month as its second big tenant at the Olympic Park’s only new office building, One Stratford Place.
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REIT begins work on first phase of £15m Monument Mall upgrade
25 April 2012
The discount designer retailer TK Maxx has signed a prelet at Monument Mall scheme in Newcastle in the same week that redevelopment starts.
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New GSK plant is tonic for troubled pharma sector
20 April 2012
Glaxosmithkline (GSK) announced its intention last month to build a £350m manufacturing facility at its plant in Ulverston, Cumbria.
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Robert Dyas gets house in order for exclusive sale talks
20 April 2012
High street retailer will choose between remaining bidders this month. Rachel Hunter reports
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Corporate breakup sees Cannon Place lose first letting
19 April 2012
The company lined up to be the first tenant at Hines’ Cannon Place office in the City has pulled out of the deal after its corporate expansion fell through.
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Budget hotels give bang for buck
13 April 2012
Travelodge takes steps to refinance debt as rival Premier Inn advances and new names enter sector. Rachel Hunter reports
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Game snapped up
2 April 2012
Retailer Game Group has been bought out of administration by OpCapita, the private equity firm that bought Comet last year for £2.
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M&S tunes into multichannel retail
30 March 2012
Marks & Spencer is conducting an internal property review of the impact of multichannel retail on its future property requirements.
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Retailer asks landlords to cough up for its new look
30 March 2012
New chair meets store owners as part of turnaround programme. Rachel Hunter reports
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Wickes works it out with landlords
30 March 2012
Wickes plans to renegotiate the size of around half of its stores with landlords at lease expiry, after attempts to sublease space have been hindered by the cost of conversion and retailer incentives.
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Stockholm's first retail scheme in twenty years opens
23 March 2012
The first retail scheme to be seen in Sweden in twenty years opens today.
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‘Inactive’ Argos on borrowed time
23 March 2012
Plummeting profits prompt analysts’ calls for store closures and innovation. Rachel Hunter reports
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Need to know: multichannel retail’s winning ways
23 March 2012
“Our multichannel customers are our best customers,” Debenhams marketing director Richard Cristofoli told delegates at this year’s British retail Consortium (BRC) Multichannel Retail Conference, in London on 8 March.
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Recycling retailer brings online entertainment to high street
23 March 2012
The growing number of customers buying CDs, games and films online has left entertainment retailers on the high street in big trouble.
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Inditex plans to open up to 520 stores in 2012
21 March 2012
Spanish fashion group Inditex has announced that it plans to open between 480 and 520 new stores in 2012 as its net sales rose by 10% last year to €13.8bn.
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Chiswick Park sparkles for Swarovski
16 March 2012
Swarovski has signed for a 16,896 sq ft new head office at Blackstone’s Chiswick Park.
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Corporates aspire to green dream
16 March 2012
Unilever, Google, Coca-Cola and IBM are stepping up eco-friendly plans. Rachel Hunter reports
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Cushman markets its own home
16 March 2012
Cushman & Wakefield’s London West End home will go up for sale next week with a price tag of more than £128m.
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New Bond Street faces
16 March 2012
French fashion designer Marithé & François Girbaud is to open its first UK store on London’s New Bond Street, as US bag retailer Bally agrees a deal to relocate from its store.
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Shops to undergo Lush, green transformation
16 March 2012
Smaller high street retailers have found it hard to compete with out-of-town chains when it comes to reducing the environmental impact of their stores.
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South Bank ad break: Ogilvy & Mather talks over major office prelet
16 March 2012
Ogilvy & Mather in discussions over up to 250,000 sq ft at Delancey’s Westminster Place near Waterloo
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Westfield courts Galeries Lafayette
16 March 2012
French retailer vying with John Lewis for west London site
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The Economist heads for Canary
14 March 2012
The Economist Group is planning to relocate from London’s Midtown to Canary Wharf.
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Boris’s development body to move to Westfield
14 March 2012
London’s Mayoral Development Corporation has signed a 21,000 sq ft office lease with Westfield at its Stratford City complex in the east of the capital.
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Game teeters on the brink
12 March 2012
Retailer Game said today its shares risked becoming worthless if it failed to secure a takeover bid before a quarterly rent payment came due at the end of the month.
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White Rose Office Park opens conference facility
9 March 2012
Facilities management group ISS has carried out a major refurbishment of the 20,000 sq ft catering building at the White Rose Office Park, Leeds, to include a new conference centre.
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Leeds' Gateway offers corporate apartments to tempt occupiers
9 March 2012
A corporate apartment is being offered as an incentive to occupiers looking to let remaining office suites at The Gateway, Leeds, from this month.
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Crocs strides out across UK
09 March 2012
US shoe brand Crocs plans to roll out standalone stores in around 30 new locations across the UK.
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Leicester developer is aggressive about Passivhaus
09 March 2012
Watermead Business Park to sign tenant to all-in rent at green building. Christine Eade reports
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Leisurely progress for Doncaster's Frenchgate
09 March 2012
Frenchgate Shopping Centre in Doncaster has signed several new tenants as it benefits from the strong retail market in the town.
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Private sector snaps up vacant government schemes
09 March 2012
New tenants are stimulating office market but development still sluggish. Christine Eade reports
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Retailers launch fresh protest against quarterly rent payments
09 March 2012
New Look head of property leads 25 occupiers against landlords. Sarah Stewart reports
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Skype calls in at Saatchi’s planned Holborn HQ
09 March 2012
Internet calls service Skype and a public relations firm are close to leasing a total of 120,000 sq ft of office space in London’s Holborn that had been earmarked for Saatchi & Saatchi’s headquarters.
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Westfield Derby is five down
09 March 2012
The post-Christmas retail failures have resulted in Westfield Derby going from being fully let to having five vacant units.
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Wincanton lightens load after Argos loss
09 March 2012
Wincanton, the logistics company, is looking for an occupier to take over the remaining two years of its lease on its 500,000 sq ft facility on Max Park in Corby, now that its client, Argos, the catalogue retailer, has ended the contract.
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X-Leisure in Luminar litigation over administration rents
09 March 2012
Leisure park owner takes legal action against administrator Ernst & Young
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Yodel to shout down two depots in sale-and-leaseback strategy
09 March 2012
Yodel, the parcel delivery group owned by the Barclay Brothers, wants to sell and lease back several of its depots to raise funds following their purchase of DHL Express.
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Yorkshire pins industrial hopes on distribution
09 March 2012
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Retailers plan open revolt on monthly rents
02 March 2012
Occupier group writes letter demanding landlords offer greater concessions
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Virgin Media offloads lease liabilities to Legacy Portfolio
24 February 2012
Virgin Media has transferred the lease liabilities and the responsibility for managing its surplus property portfolio to lease liability specialist Legacy Portfolio.
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Cutting to the Core of the matter
24 February 2012
Occupier summit speakers offer their take on rationalisation. Rachel Hunter reports
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Nestlé gives two fingers to Croydon
24 February 2012
Weary of town’s tired buildings, Swiss food company is off to Crawley. Patrick Gower reports
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Asos doubles in size
23 February 2012
Online fashion retailer Asos is to more than double the floorspace it occupies in London, having agreed with publishing group Emap to take over its 70,000 sq ft HQ in Mornington Crescent.
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Edinburgh Woollen Mill buys Peacocks out of administration
22 February 2012
Edinburgh Woollen Mill has bought high street retailer, Peacocks from administrators at KPMG.
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Agile working will keep office landlords on their toes
17 February 2012
Flexibility enables businesses to retain staff but consolidate space. Rachel Hunter reports
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Co-op shed could go nuclear at Bridgwater
17 February 2012
EDF Energy is making quiet preparations to develop the first of a new generation of nuclear power stations - Hinkley C at Bridgwater - despite October’s blockade of the site and a petition signed by 13,000 objectors.
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Get on track for high street remix
17 February 2012
UK shop vacancy rate is here to stay unless urgent action is taken.
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Italy’s largest restaurant chain wants pizza UK market
17 February 2012
Rossopomodoro to open 30 branches by end of 2014
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Lion roars back into Coventry
17 February 2012
Peugeot is to return to Coventry after agreeing to prelease more than 300,000 sq ft of distribution space at Prologis Park Ryton.
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Mapfre hunt raises hopes for Bristol
17 February 2012
As the Spanish insurer looks for offices in the city, Christine Eade reports on the latest lettings
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Q+A: Bristol and Bath Science Park’s Bonnie Dean
17 February 2012
Six months ago, Quintain and Aviva Investors held a celebrity opening ceremony for Bristol and Bath Science Park on 59 acres at Emerson’s Green in north Bristol.
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Yankee Candle lights up Cabot Park
17 February 2012
The distributors of scented candles, wheelie trainers and beds have all expanded into secondhand distribution facilities around Bristol, it seems.
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Ski Team slaloms into Gliwice
10 February 2012
Helical Bar and Standard Life Investments have signed a ski retailer for a 23,700 sq ft unit at their giant retail park near Gliwice in southern Poland.
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Calvin Klein to focus on undie performance
10 February 2012
Six jeans and combination stores to close ahead of lingerie line expansion
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Fixed-uplift leases fit the bill in these austere times
10 February 2012
The miserable economic climate of the past five years is changing the landlord and tenant relationship.
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High street blues leave more voids
10 February 2012
Retail vacancy rates have stabilised at 14.3% but the number of voids is set to rise again this year, as consumers continue to desert the high street.
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London’s silicon rally: tech take-up fuels office market
10 February 2012
Knight Frank’s Silicon London report reveals technology sector outperforming financial Office take-up in central London by technology and telecoms companies more than doubled in 2011 and 26 of the 50 fastest-growing UK technology companies last year were based in London.
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Shaftesbury show goes on at Carnaby Street
10 February 2012
New chief executive Bickell explains his philosophy to James Whitmore
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Tesco rethinks strategy as ‘space race’ slows
10 February 2012
As Tesco cuts back its developments in the UK, where next for the sector? Rachel Hunter reports
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Bullring key to Locker Room deal
03 February 2012
The Locker Room has taken a 6,000 sq ft unit at the Bullring in Birmingham.
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Labour Party finds new HQ
03 February 2012
The Labour Party plans to relocate its headquarters to Victoria, paving the way for British Land to revamp the party’s current offices nearby.
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Marks & Spencer store U-turn
03 February 2012
Retail stalwart backs out of eight stores in two weeks
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Massimo Dutti fit for King’s Rd
03 February 2012
The Cadogan Estate has remodelled part of its Duke of York Square development on King’s Road in Chelsea to attract a new fashion anchor and another entrant to the UK retail market.
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New Bond Street record rent
03 February 2012
British fashion brand Belstaff has set a record rent on London’s luxury thoroughfare, New Bond Street, after signing for a flagship store.
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Princesse Tam Tam reveals rollout
03 February 2012
French lingerie brand Princesse Tam Tam is planning its first UK store, in London, in response to a perceived gap in the market.
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Tech companies bright spot as London take-up falls
1 February 2012
Take-up of central London offices from IT and telecoms firms more than doubled in 2011, despite cross-sector take-up falling by 27%, according to research by Knight Frank.
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Clinton Cards: pushing the envelope
27 January 2012
Those in the property industry have been wondering when Clinton Cards would wake up and smell the coffee, as the retailer grapples with how to reduce the £80m annual rent bill on its 771-store estate.
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Game: playing the waiting game
27 January 2012
Following poor Christmas trading at Game Group, landlords and investors were rocked by news that the quoted retailer stands to breach banking covenants when tested at the end of February, causing its shares to plunge 25% in a single day.
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Occupiers moor at Hartlepool office
27 January 2012
Occupiers moor at Hartlepool office Berkshire Asset Management has fully let a 20,000 sq ft office building, Maritime House, which overlooks Hartlepool Marina in Teesside.
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Thorntons: choc to the system
27 January 2012
Many specialist retailers have suffered as the supermarkets encroach on to their sales territory, but confectioner Thorntons’ problems are largely of its own making. The retailer’s commercial division, which sells boxed chocolates to supermarkets, has been the fastest-growing part of its business in recent years and sales growth has far outstripped that at its 579 UK stores.
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Jones Lang LaSalle wins GlaxoSmithKline global mandate
23 January 2012
Jones Lang LaSalle has been appointed to provide global real estate services to GlaxoSmithKline for more than 10 years.
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BSkyB re-signs at existing Brentford HQ
20 January 2012
BSkyB has signed a new lease at its existing 170,000 sq ft headquarters in Brentford.
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Make the most of what office space you've got
20 January 2012
Sir, Old office stock is undergoing something of a facelift as the trend for refurbishment dominates the developer agenda
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Mixed bag of results masks true high street woes
20 January 2012
Inflation and discounting lift Christmas sales figures but more misery looms. Rachel Hunter reports
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More big names collapsed in 2011 than ever before
20 January 2012
The number of retailers entering administration in 2011 increased by 11% on 2010, Deloitte’s latest figures show. Of the 183 businesses that collapsed last year, 42 went under in the last quarter.
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Need to know: Struggling chains to watch
20 January 2012
A brief look at struggling chains and how they’re coping
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Woolworths sale still on
20 January 2012
Around 13% of Woolworths’ 815 high street stores are still vacant, three years after the discount retailer collapsed into administration.
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Pumpkin Patch retreats from the UK
19 January 2012
Children’s clothing retailer Pumpkin patch has decided to appoint administrators to its UK operations.
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Over 100 Woolworths' stores still vacant
19 January 2012
Some 13% of Woolworths’ 815 high street stores are still vacant, three years after the discount retailer collapsed into administration.
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Mulberry enjoys 35% Christmas sales growth
19 January 2012
English luxury fashion brand Mulberry today reported a bumper Christmas trading period, with like-for-like retail sales up 35% on the year before.
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Burberry scores stellar sales
17 January 2012
Luxury fashion brand Burberry today posted a 21% leap in fourth-quarter sales, as the company continues to reap the benefits of its popularity in the Far East.
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Ted Baker announces increase in retail sales
13 January 2012
Ted Baker has announced an increase in retail sales over the Christmas period.
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Designers at Debenhams hope to defy downturn
13 January 2012
Department store presses ahead with plans for upgrade and expansion. David Hatcher reports
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River Cottage’s delivery service
13 January 2012
History is repeating itself at Royal William Yard, Plymouth.
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Home Retail Group abandons HomeStore & More format
12 January 2012
Home Retail Group, owner of the Argos and Homebase brands, is abandoning its HomeStore & More homewares format.
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Marginal Christmas growth for JD Sports
12 January 2012
Like-for-like sales at JD Sports grew by 0.1% in the Christmas trading period, a result hailed by its chief executive as “creditable” in the bleak economic environment.
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Tesco reveals "disappointing" Christmas trading
12 January 2012
Tesco this morning revealed a “disappointing” UK trading performance over the Christmas and New Year period.
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Greggs plans expansion and reveals bumper Christmas
11 January 2012
Bakery chain Greggs said it would open 90 stores this year as it reported a bumper performance in the five week Christmas and New Year period.
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Sainsbury’s boosted by festive sales growth
11 January 2012
Supermarket giant Sainsbury’s has reported its “best Christmas ever” after posting like-for-like sales growth for the third quarter of 4.8%.
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SuperGroup defies retail slump with sales increase
11 January 2012
Clothing retailer SuperGroup today reported increased like-for-like sales over the Christmas period, bucking the downward retail trend.
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More retail woe as Game Group reveals likely debt covenant breach
10 January 2012
Listed computer game retailer Game Group today revealed that it was likely to breach a key debt covenant when it is next tested in February after a sharp drop in Christmas trading.
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Christmas cheer at Bluewater
9 January 2012
Bluewater has reported a strong Christmas period in which footfall for December was up 8% compared with the previous year.
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Costa Coffee to milk UK for 100 further shop locations
06 January 2012
Costa Coffee experienced a growth spurt at the end of last year. It opened 16 coffee shops in the two months before Christmas, and aims to continue its expansion.
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Glasgow site powers up: Scottish Power drops 220 Broomielaw from HQ plan
06 January 2012
Scottish Power is eyeing the former Elphinstone Tower site for its new Glasgow headquarters, after abandoning talks to buy a plot on the River Clyde.
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Need to know: 2012 occupational hazards
06 January 2012
However bleak 2012 appears, it will be a period of occupational cost control. Rents are stabilising or falling, enabling multiples to expand and newcomers to debut.
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Spanish hairdresser Marco Aldany cuts a dash in London
06 January 2012
Spanish hairdresser Marco Aldany will be the first foreign occupier to arrive in the UK this year, when it opens later this month at 93 Tottenham Court Road in central London.
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Sweaty Betty steps up expansion plan
06 January 2012
Women’s activewear brand Sweaty Betty is stepping up its expansion plans in anticipation of this year’s Olympic Games.
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Nestle confirms Croydon exit
5 January 2012
Nestle has today confirmed its head office relocation to Legal & General’s 1 City Place in Crawley.
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Struggling retailers report Christmas trading improvement
5 January 2012
JJB Sports and Clinton Cards have reported improved like-for-like sales over the Christmas period.
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Saatchi's Midtown deal falters
16 December 2011
Prupim’s Waterhouse Square in London’s Holborn is now believed to be “fully available”, after plans faltered to let the iconic building to advertising giant Saatchi & Saatchi.
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BBC’s Flanders broadcasts occupier predictions
16 December 2011
BBC News economics editor Stephanie Flanders was on hand to help Cushman & Wakefield launch its Inside 500 report at Heron Tower in the City of London this month.
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Shoreditch pop-up mall founder thinks outside the box
16 December 2011
Roger Wade plans to roll out Boxpark concept. Hardeep Sandher reports
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Co-Op picked as preferred bidder for 632 Lloyds branches
15 December 2011
The Co-Operative Group has been successful in its bid to buy 632 branches being sold by Lloyds Banking Group after being named as its preferred bidder.
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More high street heartache from La Senza and Thomas Cook
14 December 2011
Two high street retailers are taking measures to reduce the amount of shops they own in the face of the gloomy retail environment.
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Punter Southall in 35,200 sq ft Strand letting
14 December 2011
Orchard Street Investment Management has let 35,200 sq ft of offices at 11 Strand in London to Punter Southall Group.
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Portas Review: Portas’s six-point plan for landlords
13 December 2011
Landlords are to blame for high vacancy rates and “dog-eared”, “down-at-heel” buildings that “blight” the UK’s town centres, according to government adviser Mary Portas, who unveiled a six-point plan for property owners this morning.
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CBRE Global Investors scores Sheffield’s biggest letting in two years
13 December 2011
Telecoms firm PlusNet has agreed to relocate to a headquarters in Sheffield city centre, in the city’s largest letting for two years and a rare expansion story for the regional markets.
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CBRE to help let Waterhouse Square
9 December 2011
Prupim has appointed CBRE as joint agent with DTZ to let 2 Waterhouse Square, the brick building that is currently the focus of speculation about whether ad giant Saatchi & Saatchi will choose to relocate there.
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Aspers hits jackpot in Stratford
9 December 2011
First of UK’s eight “super casinos” opens in Westfield Stratford City. Christine Eade reports
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Twenty-two Olympic runners
6 December 2011
The Olympic Park Legacy Company has had 10 bids from prospective tenants of the Olympic media centre, and a further dozen from developers interested in bringing forward the park’s first phase of residential development.
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Shopping centres tackle social media struggle
2 December 2011
Research from BCSC reveals pitfalls of social media. Christine Eade reports
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Law Society plans Birmingham Cube consolidation
29 November 2011
Plans by the Law Society to consolidate two of its West Midlands offices into one in Birmingham have taken a new twist after it emerged it could be heading for The Cube, TheBusinessDesk.com reported today.
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Poundworld launches convenience format
28 November 2011
Budget retailer Poundworld is planning to roll out its new convenience store format after launching the first of its smaller sized outlets in Yorkshire, TheBusinessDesk.com reported today.
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Travelodge exchanges on four sites
28 November 2011
Travelodge has exchanged contracts to open four hotels, each one alongside a chain pub.
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Firms team up to form Birmingham business hub
25 November 2011
Seven business organisations across Birmingham will join forces at a single location in the city to form a new ‘Birmingham Business Hub’, TheBusinessDesk.com reported today.
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The Barber of Brazil
25 November 2011
Hush founder Jamie Barber opens the doors of his latest venture, Cabana. Christine Eade reports
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Brasserie Bar Co agrees eight-site London expansion
24 November 2011
Brasserie Bar Company has expanded its central London presence by taking over leases on eight Chez Gerard restaurants.
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Arcadia to close 250 stores says Sir Philip Green
24 November 2011
Arcadia Group will close up to 250 stores over the next three years, chief executive Sir Phillip Green said today.
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Marks & Spencer returns to France: Champs Elysee store open
24 November 2011
Marks & Spencer today returned to the French market with the opening of its new store on Champs Elysees in Paris.
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Laurent Perrier makes regional debut at Birmingham's The Cube
23 November 2011
Laurent Perrier is to open its first UK champagne bar outside London at Birmingham’s The Cube, TheBusinessDesk.com reported today.
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Best Buy beats humiliating exit
18 November 2011
US electricals giant’s shortlived entry to UK is salutary tale for overseas retailers. Christine Eade reports
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MAPIC 2011: Italy leads the way in retailers' European expansion plans
17 November 2011
Expansion is still on the cards for international retailers in 2012 despite the challenging consumer environment according to CBRE.
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MAPIC 2011: Billionaire shoe retailer plans 100 stores a year
17 November 2011
Billionaire Mario Moretti Polegato, chairman and founder of Italian shoe chain Geox, is planning to open 100 stores a year globally.
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MAPIC 2011: Ed's Easy Diner plans international expansion
16 November 2011
Ed’s Easy Diner, the American diner concept is aiming to double the number of restaurants it has in 2012 as well as eyeing an ambitious international expansion programme.
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MAPIC 2011: Marks & Spencer plans aggressive international expansion
16 November 2011
Marks & Spencer international director Jan Heere told a MAPIC audience today that the retailer was planning to expand overseas by 50-60 stores a year – a total of 100,000-120,000 sq m of space.
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Employees resist flexible office revolution
11 November 2011
YouGov poll unearths more traditional view on offices than expected. Christine Eade reports
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Electricals retailer Comet sold for £2
9 November 2011
Electricals retailer Comet, which operates from 250 stores, will be sold to Hailey Holdings and Hailey Acquisitions for just £2.
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Halfords to close Solihull Autocentres head office
8 November 2011
Halfords has announced it is to close the Solihull head office of its Autocentres business and relocate the operation to its main group headquarters in Redditch.
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Need to know: rents on balance sheets delay
4 November 2011
The publication of the revised draft rules that govern the inclusion of leases on balance sheets has been pushed back until early next year.
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Shift in Newbury shops is sign of the times
4 November 2011
Opening of Parkway echoes national changes to retail sector. Christine Eade reports
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Sainsbury's signs at Muse's £220m Blackpool scheme
2 November 2011
Sainsbury’s has signed a deal with developer Muse to operate the foodstore at the £220m Central Business District (formerly Talbot Gateway) scheme in Blackpool, TheBusinessDesk.com reported today.
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Peel's Mediacity could benefit from further BBC cost-cutting
28 October 2011
Peel’s Mediacity scheme in Salford could potentially derive further benefits from the BBC’s drive to trim 20% from its budgets, TheBusinessDesk.com reported today.
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Next founder explains how to size up opportunities
28 October 2011
George Davies reveals how he has been under the influencev of women all his life at address to the Lunchtime Comment Club
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Stapleton knits together Brora retail empire
28 October 2011
One smart property move enabled retailer founder to expand into 15 stores. Christine Eade reports
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Parcel delivery firm Yodel to close 45 service centres
25 October 2011
Liverpool-based parcel delivery company Yodel is to close 45 of its 102 service centres across the UK, including four in the North West, TheBusinessDesk.com reported today.
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Jongleurs founder Marie Kempinska has last laugh
21 October 2011
Marie Kempinska finally uses “difficult to remember” own name for 19th comedy club. Christine Eade reports
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Urban Pub Company’s highland fling
21 October 2011
The Fox and Ferret pub in Hamilton, Scotland, opens with a brass band ceremony on Thursday, which will be followed by a weekend of Halloween celebrations.
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White Cross surgeries’ animal magnetism
21 October 2011
Heard of the tenant who says he has never had a problem with gaining change of use from local authority planners?
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Morrisons serves up fresh asset management team
14 October 2011
Charles McKendrick’s property strategy ignores competitors’ sale-and-leaseback route. Hardeep Sandher reports
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Bristol and Bath headed for a ‘creative collision’
7 October 2011
Science park developer uses launch to encourage co-operation between technology and business
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City’s office occupiers wait for rating windfall
7 October 2011
Leeds occupiers hope to secure a second victory following a Valuation Tribunal’s ruling earlier this year that rates on offices could be cut by 10%
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Delivery time cut as B&Q shelves go up in Swindon
7 October 2011
The first 300 B&Q products have arrived at B&Q’s 800,000 sq ft distribution depot at G Park Swindon
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Wakefield meets with Her Majesty’s pleasure
7 October 2011
The Court Service has placed under offer Emerald House at the £140m mixed-use Merchant Gate development in Wakefield
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Wealth of options at Sovereign Street for Leeds council
7 October 2011
KPMG in talks as prelets sought for two further sites
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The course of the mighty Amazon
30 September 2011
The secretive internet retail giant is dominating the big sheds market. Next stop is Widnes
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Rock signs new tenants and centre director
23 September 2011
The Rock Shopping Centre in Bury has signed up a group of new tenants and appointed a new centre director, TheBusinessDesk.com reported today.
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Major deals for Leeds as Ingeus moves to The Gateway
23 September 2011
Welfare-to-work provider Ingeus UK has taken 12,000 sq ft of space at The Gateway in Leeds in what is believed to be the biggest commercial property letting in the city this year, TheBusinessDesk.com reported today.
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Golden opportunity comes to Westfield Stratford City
23 September 2011
Westfield Stratford City opened last week as a temple of conspicuous consumption
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Luxury American brands follow fashion for McArthurGlen outlets
23 September 2011
Two luxury US retailers have evolved a strategy that involves selling their surplus lines in only two UK designer outlets
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Waitrose frees up lunchtime for workers at Canary Wharf
23 September 2011
Upmarket food store adds fashion and homewares at largest-ever branch
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BCSC: Morrisons property head on expansion plans and format changes
21 September 2011
Terry Hartwell, group property director at Morrisons, talks to Property Week about the supermarket chain’s expansion plans and new formats.
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BCSC: Store Twenty One chief - the North is better for us
20 September 2011
Anupam Jhunjhunwala, chief executive of fashion chain Store Twenty One, spoke to Property Week at the BCSC conference today about his expansion plans, where the chain plans to open, and what he thinks of the state of the UK economy.
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Debenhams agrees new headquarters deal with British Land
20 September 2011
Debenhams has agreed terms to lease 145,000 sq ft at British Land’s Regent’s Place for its new headquarters.
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Landlords pass muster — but only just
16 September 2011
Occupier Satisfaction Survey shows service charges remain a contentious issue
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M&S simply full range
16 September 2011
Marks & Spencer is to move to a larger store at Kingston Court Retail Park in Newcastle
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Tenants stick to Toffee Factory
16 September 2011
Six occupiers have signed for a total of 5,000 sq ft at the Toffee Factory in Ouseburn (above), three months before the £6m scheme is expected to be completed
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Occupier Satisfaction Survey: Landlords must do better on service charges and sustainability
14 September 2011
Commercial property tenants in the UK are slightly more satisfied with the service they receive from landlords than last year, although service charge arrangements remain a particular area of discontent, according to the Occupier Satisfaction Survey 2011.
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Brasserie Bar Co plans major UK expansion
9 September 2011
Brasserie Bar Co., the owner of the Brasserie Blanc and White Brasserie chains, has received £20m to quadruple its presence in the UK.
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Calendar Club makes annual September date with shopping centres
9 September 2011
It is September and, as regularly as swallows fly south, Calendar Club begins to open shops on short leases to sell 2012 calendars until the end of January
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LVMH’s Great Titchfield Street headquarters are lap of luxury
9 September 2011
When the client is the world’s most luxurious retailer, the designer has to reflect its aspirations
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Tools of the future will bring offices together
9 September 2011
Office space and technology will cater for more collaborative working
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West End is best for office occupiers
9 September 2011
The West End of London has established itself as the office location increasingly in demand by those who want space for less than three years
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Carpetright will "emerge in a strong position" says chairman
8 September 2011
Lord Harris, chairman and chief executive of Carpetright, said today he was confident the business would emerge in a strong position, profits being substantially reduced.
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Morrisons to open 500,000 sq ft of stores this year
8 September 2011
Morrisons today said it was on track to open 500,000 sq ft of new stores by the end of 2011.
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Helical Bar lets 65,000sq ft at Aldersgate
5 September 2011
Helical Bar has let 65,000 sq ft to seven tenants at its newly refurbished 200 Aldersgate in the City of London.
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Global occupiers on the move in Thames Valley
2 September 2011
Big names likely to make a dent in 20% vacancy rate
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Reading starts to cater for big shed occupiers
2 September 2011
Brakes Group takes new refrigerated warehouse as part of UK review
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Regus achieves record occupancy
2 September 2011
Regus moved back into the black in the first half of the year after its level of occupancy reached a record high
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Twitter Interview: Nick Coote
2 September 2011
David Hatcher interviews Nick Coote, head of Lambert Smith Hampton’s Reading office, who has 36 followers, in Property Week’s first “twinterview”
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Cushman & Wakefield poaches Barclays global property head
1 September 2011
Cushman & Wakefield has poached the group property director at Barclays Bank as a partner in its Europe, Middle East and Africa (EMEA) team.
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Five occupiers consider going the whole nine yards at Edinburgh Bioquarter
26 August 2011
The developers of Edinburgh Bioquarter are in talks with five companies to take space at its Nine scheme, as construction of the building is completed this week
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Newcastle spec space at Quorum
26 August 2011
A further 131,000 sq ft at park to be completed next month
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Occupier expands Cambridge’s Horizon
26 August 2011
Horizon has expanded its operation at Cambridge Research Park by taking the entire Building 7100
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Peppa Pig proves promotions are under-seasoned
26 August 2011
Research shows shopping centres do not spend service charges wisely
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The winning of a buyer’s affections is in the wooing
26 August 2011
Conventional wisdom dictates that buying office space is like buying a commodity – there is little room for an emotional connection between buyer and seller
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TJ Hughes’ six saved from oblivion
26 August 2011
On 10 August, the day before staff expected it to close for ever, TJ Hughes in Widnes won a reprieve. Morrisons, its co-anchor and landlord at the Green Oaks Shopping Centre, contacted managing agent Cushman & Wakefield to ask what was known of the purchaser, Lewis’s Home Retail.
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Take two … high-tech rural business park occupiers
19 August 2011
De Soutter Medical and Universally Speaking both relocated their headquarters to business parks in the open countryside last month. Both are at the forefront of their particular technological worlds – De Soutter in the manufacture of mechanical surgical instruments and Universally Speaking in customising video games.
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Liam Gallagher’s Pretty Green signs up in Glasgow
18 August 2011
Former Oasis frontman Liam Gallagher’s Pretty Green retail chain has signed a five year lease on a shop in Glasgow.
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Danish Tiger earns its stripes in UK
5 August 2011
Variety retailer opens yet another prime shopping centre shop
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Need to know: retailers’ lease valuations
5 August 2011
Retail companies have won huge concessions on how their leases will be valued on their balance sheets after 2015
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Ernst & Young announces closure of 22 TJ Hughes stores
4 August 2011
Ernst & Young today announced the closure of 22 TJ Hughes stores after failing to find a buyer for the remaining parts of the business.
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KPMG prefers Argent's One St Peter's Square
4 August 2011
KPMG has confirmed that a 65,000 sq ft prelet at Manchester’s One St Peter’s Square is the “preferred option” for its impending relocation.
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B@1 barmen create heady mix in London
29 July 2011
Christine Eade talks to the cocktail chain’s founders as they open their King’s Cross bar
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Network Rail returns to art deco Enterprise
29 July 2011
Over the last two weekends, Network Rail staff have been reoccupying Enterprise House in London’s Paddington, bringing new life to the 1935-built art deco offices that had been derelict for 18 years.
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CBRE and JLL bag global HSBC advisory mandates
28 July 2011
CB Richard Ellis and Jones Lang LaSalle have been appointed global property advisers to banking giant HSBC.
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SEPA confirms Maxim move
28 July 2011
The Scottish Environment Protection Agency has confirmed its 60,000 sq ft move to the Maxim Office Park, as revealed by Property Week.
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ITV on track with MediaCity move
27 July 2011
ITV chief executive Adam Crozier said the broadcaster was making “solid progress” in the first year of a five-year transformation plan, including its move to MediaCity, TheBusinessDesk.com reported today.
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Knight Frank shuts Liverpool office and ponders redundancies
18 July 2011
Knight Frank is to close its offices at Liverpool, and has placed all staff members in Manchester and Liverpool on redundancy consultation, to be carried out over the next two weeks.
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Aegis's 600-person Manchester call centre "just the start"
15 July 2011
Indian business outsourcing giant Aegis says its new Manchester call centre could employ “several thousand people” in the coming years, TheBusinessDesk.com reported today.
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All the Fun at the Fair
15 July 2011
Occupiers honoured at the CoreNet Global UK awards
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Two new tenants move into Tony Blair’s neighbourhood
14 July 2011
Two tenants are to move into the Church Commissioners’ Connaught Village, near the London home of Tony and Cherie Blair at Connaught Square.
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Liverpool-based B&M bags Focus DIY stores
8 July 2011
Liverpool-based discount retailer B&M has bagged the 11 sites it wanted from Focus DIY’s administrators Ernst & Young for just £1.2m, TheBusinessDesk.com reported today.
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Expansion on horizon as ink dries on Officers Club buyout
8 July 2011
Cheap and cheerful menswear outlet has defied conventional wisdom to resist high street despair
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Astellas Pharma in talks for largest south east occupier deal this year
7 July 2011
Pharmaceuticals company Astellas Pharma is considering moving its headquarters to Chertsey in the largest occupational deal in the south east this year.
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Friends Life to consolidate Manchester offices
6 July 2011
Pensions giant Friends Life has announced that it is to consolidate its two Greater Manchester bases onto a single site by mid-2012, TheBusinessDesk.com reported today.
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Developers hope for Olympic gold
1 July 2011
The 2012 Olympics is acting as a spotlight for nearly all London’s speculative office development and developers were determined to impress the conference audience with the possibilities
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Occupiers open up over open-plan offices
1 July 2011
Against the backdrop of low demand, Property Week’s London Offices event reveals innovation to face changing occupier requirements.
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Overseas buyers keep London afloat
1 July 2011
The current crop of London office investors come from overseas and are not troubled by London banks reluctant to lend money
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WPP puts its public face forward
1 July 2011
As if to taunt the property directors who advocated less space or no space at all, Max Holliday, WPP’s director of real estate, presented a variety of enticing offices inhabited by WPP’s media, advertising and PR companies, including Maxus, VML and Cohn & Wolfe.
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Buyers tune in to BBC Television Centre sale
24 June 2011
Interest builds in famous building sale as Auntie plans next moves. Christine Eade reports and, overleaf, recalls her time working there
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Hed Kandi to open up to five bars a year
22 June 2011
Bar operator and record label Hed Kandi is looking to expand its brand across the UK and open between three and five bars a year.
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More team time at LaSalle’s new home
17 June 2011
LaSalle Investment Management entered a new era last month when it relocated after 12 years from 33 Cavendish Square to the Abu Dhabi royal family’s 1 Curzon Street in London’s West End
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Retail reeling from accounts U-turn
17 June 2011
Retailers fear setback as the financial boards suggest a single accounting approach should prevail for all lessees
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Share our passion, PWC tells suppliers
17 June 2011
IPD Occupiers conference tackles procurement
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Law firm Linder Myers buys Manchester HQ
15 June 2011
Linder Myers, a Manchester-based firm of solicitors, has bought 55 Spring Gardens in Manchester city centre from the British Telecom Pension Scheme for its own occupation, in a deal reflecting a yield of 9%.
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Banks are back — but only to occupy offices
10 June 2011
The banks are back in business – not necessarily lending money, but in expanding their own accommodation
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Tour company ducks out the way of residential expansion
10 June 2011
London Duck Tours appears to have finally found a home on the South Bank
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Cushman & DTZ picked for giant JP Morgan City disposal
9 June 2011
Financial services firm JP Morgan has selected Cushman & Wakefield and DTZ to put together a strategy for the disposal of property in the City.
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CoreNet reveals awards nominees
3 June 2011
CoreNet Global has compiled its shortlist of nominations for its UK Chapter 2011 Industry Awards on 30 June
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East West redevelopment en route with bus station construction
3 June 2011
Jones Lang LaSalle, King Sturge, BNP Paribas Real Estate and DTZ are all engaged in agency mega-mergers, and several other agency firms have upcoming lease expiries in the West End. David Hatcher looks at their occupation and what the future might hold
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Wagamama to open first Edinburgh restaurant
1 June 2011
Noodle bar chain Wagamama is to open its first Edinburgh restaurant after taking space in a former Bank of Scotland branch.
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Anytime, any place, any retail park
27 May 2011
Anytime Fitness, the US-based franchised gym with 1,500 centres worldwide, will open in July on a UK retail park for the first time
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Welcome to Bath’s Italian quarter
27 May 2011
Some retailers want a shop in every big location. Others plan to make the world come to them
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Building services firm moves to Derwent London's Angel
26 May 2011
Building services provider NG Bailey is to relocate its consolidate its London operations in to Derwent London’s Angel building.
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Beeb begins to buzz at Salford
20 May 2011
First employees start work at Peel’s Media City UK in Salford
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British Council for Offices winner pairs blast from past with future
20 May 2011
A team led by architect TP Bennett last week won a competition to design an office of the future for a mythical island organised by the British Council for Offices and Property Week
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Sainsbury’s plans Longbridge store
19 May 2011
Sainsbury’s will build an 85,000 sq ft store as part of St Modwen’s £1bn regeneration of Longbridge.
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CBRE efficiencies to drive five-fold saving
13 May 2011
When CB Richard Ellis moves into Henrietta House in London’s West End later this year, there will not be a desktop computer in sight
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Network Rail takes fast-track approach to lettings
13 May 2011
Railway operator takes advantage of managed offices for short-term sites
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Forever 21 confirms major Liverpool store
6 May 2011
Forever 21 has confirmed that it has signed a prelet with Royal London Asset Management for its scheme in Liverpool, as tipped by Property Week, and a planning application has now been submitted to construct the flagship store.
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Fit-out tops agenda as ‘lease events’ pick up
06 May 2011
New BCO fit-out guide advises “client champion” to ensure best practice
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Quiet start to year in office trends survey
06 May 2011
At first reading, King Sturge’s office occupier trends bulletin could make chancellor George Osborne splutter in outraged disbelief. “Public sector office floorspace take-up doubled in the first quarter of 2011,” it reports.
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FR by Fashion Rocks on a roll
28 April 2011
FR by Fashion Rocks completes its first month of trading in Sheffield’s Meadowhall this weekend, and the clothes of fashion designer Vivienne Westwood have so far proved its most popular merchandise
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Retailers rejoice as lease accounting rules are rewritten
28 April 2011
International Accounting Standards Board abandons opaque draft
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Domino's Pizza looks to earn crust in Germany
27 April 2011
Domino’s Pizza is planning a massive expansion in Germany after buying a 75% stake in its master franchisee in the country.
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In-house servers are old technology
21 April 2011
If a consultant is so confident in the advice he gives others that he follows it himself, it could mean the start of a trend
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Office dreams go to panel in Geneva
21 April 2011
Two finalists have been chosen in the British Council for Offices and Property Week’s Rethinking the Future competition to design a futuristic media office
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Property people: show your worth as operational costs rise
21 April 2011
There has never been a better time for corporate real estate people and facilities managers to demonstrate their expertise and value to businesses
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US leaseholders losses could be Legacy’s gain
21 April 2011
Lease expert Legacy Portfolio crosses Atlantic to help stranded companies exit long leases
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Beijing is Whittard of Chelsea’s cup of tea
15 April 2011
Whittard of Chelsea opened its first shop in Beijing last week – its ninth in China
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DTZ collects more quarter day rent in 2011
15 April 2011
On the last quarter day, on 25 March, DTZ collected a higher percentage of rent from the shopping centres it manages than the percentage collected on quarter day last year
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Fashion retailer makes its Primark on Germany
15 April 2011
Occupier becomes popular anchor of European shopping centres
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Foot Locker boss kickstarts retailer resources hub
15 April 2011
The fear among retail property managers whose companies plan international expansion is that they will be defeated by one arcane question when making property presentations before their boards of directors.
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John Lewis at Home to open in Tamworth
14 April 2011
John Lewis is planning a 42,000 sq ft store under its “at Home” brand at a retail park to the north of Birmingham.
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Southern Cross meets with landlords as it battles "unsustainable" debt burden
14 April 2011
The UK’s largest care home operator, Southern Cross, today “constructive” talks with landlords as it seeks to battle an unsustainable debt burden.
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Debenhams in discussions on 30 stores
14 April 2011
Debenhams is in discussions to open 30 stores, the department store chain said today.
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Ignis to consolidate in new City of London headquarters
14 April 2011
Ignis Asset Management is set to consolidate its London offices into a new home headquarters in the City of London.
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Gap and Paperchase sign at LandSec’s Buchanan Street
8 April 2011
Land Securities has signed up Gap and Paperchase Buchanan to take pre-lets at its new Buchanan Street shopping centre in Glasgow, which is set to be opened in March 2013.
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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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BSkyB plans 180,000 sq ft West London move
7 April 2011
BSkyB has a new requirement for up to 180,000 sq ft of space in west London, PropertyWeek.com can reveal.
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Rio Tinto signs up at PaddingtonCentral
7 April 2011
International mining group Rio Tinto has taken a 26,000 sq ft lease at Two Kingdom Street in London’s Paddington.
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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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Rockspring buys €45.5m Spanish retail portfolio
31 March 2011
Rockspring Property Investment Managers has bought a portfolio of shops from Spanish food retailer Eroski for €45.5m.
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Glasgow School of Art takes temporary relocation at Moorfield's Skypark
31 March 2011
The Glasgow School of Art (GSA) is to relocate to Moorfield Group’s Skypark while its current homer is redeveloped.
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Retail occupiers drive tentative industrial recovery
29 March 2011
Retail occupiers are driving a tentative recovery in the large industrial market after total take-up in the final quarter of 2010 reached its highest quarterly volume in the regions since 2007.
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Accountants fight battle of efficiency
25 March 2011
When it comes to sustainability, PWC is ahead of the “big four” accountants but for desk-sharing ratios, Ernst & Young is most efficient
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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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Royal Mail to sell or lease surplus property
22 March 2011
Royal Mail has announced plans to close around half of its 64 distribution centres by 2016 which it will then look to sell or lease.
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London’s alive but needs more beds
18 March 2011
The London hotel market has survived the Black Death, the Great Fire, the Blitz and now the recession
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Tax unites property in its Budget wishlist
18 March 2011
As chancellor George Osborne makes the final tweaks to his Budget speech, due next week, Aditi Shah speaks to companies that hope he will consider their concerns to bring growth back into the economy
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How we drilled down into numbers of Stanley Black & Decker merger
11 March 2011
As Black & Decker we took over several small businesses but merging with Stanley Works doubled the global property portfolio overnight, so it is completely different in scale
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Retail barometer: clicks shore up bricks
11 March 2011
The high street is a barometer of national sentiment and landlords need to know what the mood is
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Why Foyles is still a thriller for landlords
11 March 2011
Small bookseller chain’s chief executive takes a tough negotiating stance
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Co-Op seeks j.v. partner for £800m Manchester plans
9 March 2011
The Co-operative Group has launched a search for a joint venture partner for its 4m sq ft mixed use development in Manchester city centre.
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Coull and Higgins hired for government property panel
3 March 2011
Property big-hitters including outgoing Segro chief Ian Coull, former Lend Lease chief David Higgins, and ex-Lehman Brothers managing director Gerald Parkes have been appointed to a new property advisory panel to scrutinise the work of the Government Property Unit.
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CACI predicts locations of HMV closures
25 February 2011
The HMV Group – the owner of HMV, Fopp and Waterstone’s – is likely to consider for closure six stores in central London and Edinburgh, eight in Glasgow and four in each of Birmingham, Liverpool, Belfast and Newcastle, according to CACI
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CoreNet announces its awards season
25 February 2011
CoreNet Global UK Chapter is inviting nominations from corporate occupiers for its 15th annual industry awards, in partnership with Property Week
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Cushman reports Hong Kong’s rise to the top of office location cost charts
25 February 2011
A tale of two cities: Hong Kong and London tower over nearest rivals (€/sq m)
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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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Cushman & Wakefield: Office Space Across The World 2011
24 February 2011
Against a backdrop of improving economic performance across the world, the global offi ce market started to recover from one of the quickest and most severe downturns recorded.
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Abercrombie to open in Dublin
18 February 2011
US fashion retailer Abercrombie and Fitch has taken a lease at 34 College Green, a former banking hall building, in Dublin’s 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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Be proficient in being efficient to increase your coefficient
18 February 2011
Inflation, tax increases and interest rate rises are going to make 2011 a challenging year.
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Hobbycraft has UK sewn up
18 February 2011
Wilkinson Williams to lead plan for arts and crafts retailer to open a further 80 out-of-town stores
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Ricoh sets the toner
18 February 2011
Japanese peripherals company Ricoh will move into its new European headquarters at British Land’s 20 Triton Street development this month.
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Waitrose to open first Cardiff store
17 February 2011
Waitrose is set to open its first store in Cardiff in two months time.
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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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Covent Garden takes back Ponti's for new retailer offer
10 February 2011
Covent Garden London has taken a surrender of the lease belonging to Ponti’s restaurant, in the Piazza of the Market Building, and will break up the space to attract new retailers and restaurants.
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FTSE file: Carpetright
04 February 2011
In a monthly series, Property Week profiles a FTSE 250-listed occupier and its property strategy
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Gym4all stretches to fourth UK unit
04 February 2011
Dutch gym operator Gym4all will open its fourth unit in the UK this week, and is looking for 15 additional sites in the next two years.
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Office occupiers and retailers cough up on time
04 February 2011
Office and retail occupiers paid rent on time in the fourth quarter ending December 2010, analysis by DTZ shows
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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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Marriott to open first Finland hotel
3 February 2011
Marriott International is to open its first Finnish hotel is Espoo, the country’s second largest city.
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Global local network allows our property people to make good calls
28 January 2011
It was only five years ago, in 2006, when we set up group property at Vodafone to look after our global portfolio of 4,500 buildings, which costs €750m a year to manage
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Jones Lang LaSalle's recruitment drive
28 January 2011
Jones Lang LaSalle has poached Marie Cronstrom from Siemens to head its corporate solutions business in Sweden
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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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Rocket seeks London launchpads
28 January 2011
Salad and pizza chain Rocket is on the hunt for two units in London to add to its three restaurants
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Crown Estate buys Habitat out of Regent Street store
27 January 2011
Furniture retailer Habitat has been bought out of its Regent Street shop at a premium by the landlord, The Crown Estate.
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Next takes last space at Doncaster industrial park
27 January 2011
Next has taken the last space at IM Properties industrial park West Moor Park in Doncaster.
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Post-Olympic operators sought for Aquatics Centre and Multi-Use Arena
26 January 2011
The Olympic Park Legacy Company has today begun its search for operators of the Aquatics Centre and Multi-Use Arena.
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Big Yellow’s not-so-big growth plan
21 January 2011
Only five openings planned in the next two years
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Opus makes M6 trade counter debut
21 January 2011
Developer makes first foray with Selco prelet at Erdington scheme
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Plumb property job for expanded Travis Perkins
21 January 2011
Takeover of BSS adds 446 outlets to portfolio, which is now under review
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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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First tenant secured at Highcross' Broadgate
20 January 2011
Highcross has secured its first tenant at its 150,000 sq ft Broad Gate office scheme in Leeds.
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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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Tesco reports 7.6% Christmas sales growth
13 January 2011
Sales over the Christmas period at Tesco grew by 7.6%, the supermarket giant said today, boosted by double digit growth in its international markets.
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Metal distributor doubles space at Threadneedle's Leeds industrial park
13 January 2011
ASD Metal Services has more than doubled its space at a Threadneedle Property Investments-owned industrial park on the outskirts of Leeds.
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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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No new-year resolution to market malaise
07 January 2011
Delayed reaction from recession will hit this year, research predicts
-
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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John Lewis breaks single day's sales record
30 December 2010
Retailer John Lewis said today that it had smashed its record for a single day’s sales by 30% with the first two days of its clearance on 27 and 28 December.
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Broadcasting House redevelopment completed
22 December 2010
Construction work on Broadcasting House has been completed and the building handed to the BBC by developer Land Securities and building contractor Bovis Lend Lease.
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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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JP Morgan buys 25 Bank Street for £495m
20 December 2010
JP Morgan has bought 25 Bank Street in Canary Wharf for its European investment bank headquarters, as tipped by Property Week.
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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
-
Bank settles behind new Chinese walls
17 December 2010
After investing £14m in the fit-out its new City of London headquarters, Bank of China finally moved into the 115,000 sq ft building this month
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Häagen-Dazs scoops in Bluewater
17 December 2010
Ice cream maker Häagen-Dazs opened its second UK store last week
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In Midtown unpacks new storage space service for occupiers
17 December 2010
In Midtown has launched an archiving and storage service for the 560 occupiers based in London’s Midtown area
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Mimco makes five-fold move
17 December 2010
Women’s accessories retailer Mimco is expanding its UK portfolio and this week signed up to take five stores of between 500 sq ft and 900 sq ft in Glasgow, Chester, Leeds, Bath and Sheffield. Mimco was founded in Australia in 1996 and sells handbags, jewellery, hats, gloves and hair adornments from its shops in seven countries worldwide. CWM advises Mimco.
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Q+A: the future of storage
17 December 2010
As more occupiers introduce paperless methods of working, the storage and management of digital data becomes increasingly important. Information management companies such as Iron Mountain are benefiting
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Vagabond uncorks first UK store
17 December 2010
Wine retailer Vagabond opened its first UK store on Fulham Broadway in south-west London last month. It offers a cellar of 100 wines that can be tasted for as little as 50p before buying.
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Coffee Republic to open "flagship" London shop tomorrow
15 December 2010
Coffee Republic will open a “flagship” coffee bar on London’s Tottenham Court Road tomorrow.
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Lok’nStore secures Lidl deal in Maidenhead
15 December 2010
Lok’nStore, the AIM listed self-storage company, has agreed a deal with supermarket retailer Lidl for the shared use of its Maidenhead development site.
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Great Portland unlocks 86,000 sq ft refurb
15 December 2010
Great Portland Estates is to surrender seven leases held by Telewest UK at 160 Great Portland Street, London, to allow it to undertake a major upgrade of the property.
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L&G and Schroders confirm Waitrose Bracknell pre-let
14 December 2010
Schroders and Legal & General have confirmed a 36,000 sq ft pre-let to Waitrose, as revealed by Property Week last month.
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West End sales up 7.6% in November
13 December 2010
The New West End Company, which represents retailers on Bond, Regent and Oxford Street, saw a 7.6% year-on-year boost in sales in November.
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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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D&D’s double dinner date in Trinity Leeds
8 December 2010
Des Gunewardena’s D&D London will open its first restaurant outside London at Land Securities’ Trinity Leeds shopping centre.
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BT rings changes at Bluewater
03 December 2010
BT plans to open a concept store in Bluewater shopping centre in Kent early next year
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Gerbeau bowled over by leisure
03 December 2010
Family or privately owned leisure operators need to be more transparent when reporting their revenues to attract more investment into the sector
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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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Sports Direct
03 December 2010
In an article on 1 October about Sports Direct titled “Sports Direct exercises small-store strategy” we said the retailer invests up to £15,000 in fitting out temporary stores that it takes on a 12-month licence on a rates only basis.The correct amount is £150,000. We apologise for any confusion caused.
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Surplus property website to aid occupiers into emerging markets
03 December 2010
Propsnap, a website for corporate occupiers to advertise surplus properties within their UK and global portfolios, was launched this week
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London occupiers bullish says Cushman & Wakefield
26 November 2010
Occupiers in the capital are bullish about their prospects according to a survey from Cushman & Wakefield.
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Capital & Regional opens £20m Luton extension
22 November 2010
Capital & Regional has officially opened its £20m St George’s Square development at The Mall in Luton.
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MAPIC 2010: Hammerson retail leasing head on MAPIC and competing in Leeds
21 November 2010
Sheila King, head of retail leasing at Hammerson, talks to Property Week’s Aditi Shah about her time at the MAPIC conference in Cannes this year.
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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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MAPIC 2010: Retailers too focussed on trophy destinations
19 November 2010
There is an obsession with European trophy destinations, such as London’s Oxford Street, which is damaging to the retail market, Stephen Springham, head of retail research, told Property Week at MAPIC.
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Blue Inc aims to become indelible
19 November 2010
Casual menswear retailer Blue Inc is considering listing on the London Stock Exchange in 2011 or 2012 to strengthen its covenant, raise the company’s profile and expand its portfolio.
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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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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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Discerning customers will always frequent first-class nightclubs
19 November 2010
Comparing nightclubs in London’s Mayfair with those in the rest of UK is like comparing prime residential property in Knightsbridge with that in the regions
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Economic maverick Minford predicts house price revival
19 November 2010
Former Thatcher adviser eschews market opinion and forecasts 5.48% growth
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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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Retailers to open up shop in Europe, the Middle East and Africa
19 November 2010
More than 150 retailers plan to grow their portfolio in Europe, the Middle East and Africa (EMEA) next year but fewer than 60 of these retailers want to open new stores in the UK, reports CB Richard Ellis.
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MAPIC 2010: Why Debenhams is opening in Iraq and other international expansion questions
18 November 2010
Debenhams is planning to move into a host of new countries as burgeoning middle classes create more retail demand, John Scott, head of international business development told Property Week at MAPIC yesterday.
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PWTV: Jessops plans major refurbishment programme and ten new stores next year
17 November 2010
Jessops will “cautiously” open new stores next year whilst revamping its stores under its new “black Jessops” format, chairman David Adams told Property Week today.
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MAPIC 2010: Online retailing will not damage the retail property market, Carrefour chief executive says
17 November 2010
Online retailing will have no effect on retail real estate market, Pascal Duhamel, chief executive of French retailer Carrefour, said today.
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H2SO launches iPhone app for occupiers
12 November 2010
Central London property consultancy H2SO has launched an iPhone app to help businesses calculate how much office space they need.
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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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FTSE file: Carphone Warehouse Group
12 November 2010
In a monthly series, Property Week profiles a FTSE 250-listed occupier and its property strategy.
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New technology for traditional workspaces and data centres
12 November 2010
Use of new technology could reduce demand for traditional workspaces and data centres, says John Starling, associate partner in the technology integration practice at Deloitte
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Timely rent payments signal stability
12 November 2010
Office occupiers paid rent on time for the first time in 12 months, in the third quarter ending September 2010, analysis by DTZ shows
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Co-op to open in central London convenience store
10 November 2010
The Co-operative Food has signed contracts with The Crown Estate for a new food store in central London.
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Irwin Mitchell expands in 40 Holborn Viaduct
9 November 2010
Law firm Irwin Mitchell has agreed to lease the ground floor office space at 40 Holborn Viaduct, in central London, a building in which it already occupies space.
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Colliers International: Asia Pacific Office Tenant Survey 2010
8 November 2010
For 2010, the Office Tenant Survey has been expanded to include a total of nine countries across Asia Pacific and summarises the views of 740 tenants from a wide variety of industries.
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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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BCSC 2010: John Lewis at home to open in Exeter and Chester
2 November 2010
John Lewis revealed today at BCSC retail conference in Manchester that it will open a further two ‘at home’ shops in 2011.
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BCSC 2010: Retailers and landlords are foe masquerading as friends
2 November 2010
Terry Hartwell, group property director at supermarket chain WM Morrison, spoke out at BCSC conference about the relationship between landlord and retailers.
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BCSC 2010: The Co-operative gears up expansion plan
2 November 2010
The Co-operative Food, the supermarket chain, is to double the size of its acquisitions teams as part of its store expansion plan.
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New-look McDonald’s to grow outwards
29 October 2010
McDonald’s is planning to develop its own drive-through restaurants to meet its ambition of opening between 25 and 30 new units a year
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Occupiers' eye: Howard Morgan
29 October 2010
I believe communication underpins great asset management
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Republic in South Africa
29 October 2010
Coffee Republic has signed its first international agreement with niche retail operator Specialty Branded Retail to expand the coffee chain in South Africa
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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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Wait ends for click and collect
29 October 2010
John Lewis has rolled out its “click and collect” service at 21 Waitrose branches, allowing customers to collect items bought at johnlewis.com
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Computer gains
22 October 2010
Computers 4 Africa, a charity that educates children in African villages by supplying computers and building classrooms, is looking for empty retail warehouses of more than 10,000 sq ft into which to expand
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Explore Learning puts two and two together
22 October 2010
Tuition provider Explore Learning plans to expand its portfolio by 14 units a year
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Fine wine retailer quaffs new HQ
22 October 2010
Fine wine trader Fine & Rare moved into its 6,400 sq ft headquarter office on the ground floor of the Woolyard on Bermondsey Street in south London this week. The rent and lease terms were not disclosed. Spring 4 advised Fine & Rare; EA Shaw advised landlord Great Portland Estates.
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Luminar to snuff out four clubs
22 October 2010
Luminar Leisure has appointed agent Gerald Eve to sell four nightclubs in Birmingham, Bolton, Kingston Upon Thames and Romford. The sale is part of Luminar’s strategy to plug a decline in profits, which fell by 78% last year to £4.4m compared with 2008.
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Maje's Notting Hill French fancy
22 October 2010
French retailer Maje has opened its first standalone store in the UK in Notting Hill, west London
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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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Geronimo opens first City pub at Broadgate
21 October 2010
Geronimo Inns has opened its first pub in the Square Mile at British Land and Blackstone’s Broadgate Estate.
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First Cadbury Cocoa House opens at Bluewater
21 October 2010
The first Cadbury’s themed café opened at the Bluewater shopping centre this week, as sales at the centre continued to grow.
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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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Thames Valley dwellers demand more at Big Debate (VIDEO)
15 October 2010
Occupiers in the Thames Valley are demanding better technology and infrastructure, more clarity on the benefits of local enterprise partnerships from the government and shorter leases from landlords
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Ralph Lauren's ‘Rugby’ store debuts in Covent Garden
11 October 2010
Capital & Counties Properties has signed Rugby, the luxury lifestyle brand from Ralph Lauren, for its first store in the UK
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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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Crossing over: advisers and investment bankers
08 October 2010
Two professionals who have experienced life on both sides of the client-adviser divide share their ideas
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Pfizer swallows rationalisation pill
08 October 2010
When pharmaceutical company Pfizer acquired rival Wyeth for $68bn last July, it also inherited a large property portfolio
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Worlds collide
08 October 2010
Gamers the world over are eagerly awaiting the release of World of Warcraft: Cataclysm next month and corporate occupiers could soon join them
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Saga goes gaga for Hastings office
7 October 2010
Saga Group is planning to buy a 45,000 sq ft office in Hastings to house a new customer support centre.
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In the workplace: Richard Kauntze
01 October 2010
Digital evolution means everywhere can be an office
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JD Sports plays with overseas expansion plans
01 October 2010
As the retail development pipeline dries up, retailers will need to look for innovative ways to expand
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John Lewis rids itself of Acton shed
01 October 2010
Last week retailer John Lewis appointed agents Cushman & Wakefield and Aspect to market a 190,000 sq ft warehouse in Acton, west London, which it has occupied for nearly 20 years
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Regus tie-up keeps sales staff on the road
01 October 2010
Simon Taylor, head of property at Yell, describes how flexible working has helped save costs
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Seel of approval
01 October 2010
Four-star hotel operator Base2stay has opened its second “affordable luxury” hotel in the UK (right)
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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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Waitrose to open in Leeds city centre
30 September 2010
Waitrose is to open its first shop in central Leeds.
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Land Securities plans £15m Bridges extension for Primark
30 September 2010
Land Securities is planning a £15m expansion of its Bridges shopping centre in Sunderland to make room for a new Primark store.
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Topshop signs in Salisbury
30 September 2010
Topshop and Topman have signed for a new store in the Old George Mall, Salisbury.
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Verbrugge sub-lets Felixstowe warehouse
29 September 2010
Denholm Forwarding has agreed to sub-let a 164,000 sq ft warehouse in Felixstowe from Verbrugge International.
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BNP Paribas takes former Woolworths office space
29 September 2010
BNP Paribas has taken 59,000 sq ft of overflow space at the former Woolworths headquarters ahead of an anticipated move to the Kings Cross Central development.
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Michelin star chef takes Pitcher & Piano site on Pollen Street
29 September 2010
Jason Atherton, former executive chef of Gordon Ramsay’s Maze restaurant, has signed up to open his first restaurant - a 6,549 sq ft site on Pollen Street from vendor Marston’s.
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Thetrainline.com rolls into Edinburgh's Tanfields
27 September 2010
Thetrainline.com is moving its Edinburgh office to Carlyle Group’s Tanfield development.
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Blighted Blockbuster could go bust
24 September 2010
US-based movie-rental chain Blockbuster is expected to make a decision this month on its future
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Game suffers online defeat
24 September 2010
Next Tuesday video game retailer Game Group will publish its interim results
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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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New chapter
24 September 2010
Waterstone’s has agreed a deal with Apple to sell iPads in its stores, starting from next month
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Rise of the surplus savers
Sheds September 2010
A new method for dealing with unwanted leaseholds and freeholds has emerged
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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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Moog signs for R&D facility in Wolverhampton
13 September 2010
US engineering firm Moog looks set to become the first tenant at i54 business park in Wolverhampton.
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Northern homewares retailer signs in Liverpool
10 September 2010
Redbrick, a northern based homewares and interiors retailer, is set to open a new store at the Liverpool One shopping centre.
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Databank: EMEA office demand clocks rise
10 September 2010
Consolidation of property portfolios by global occupiers has increased demand for office space in EMEA (Europe, Middle East and Africa)
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Fit Space steps it up
10 September 2010
Budget gym operator Fit Space is flexing its muscles with plans to open at least 15 gyms by the end of 2012
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Flight Centre lands on Oxford Street
10 September 2010
Flight Centre has taken a 4,000 sq ft unit on Oxford Street in London’s West End for its global flagship store
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M&M’s store lands in London
10 September 2010
McAleer & Rushe has let its redevelopment of the Swiss Centre in London’s Leicester Square to Mars Retail Group for a M&M’s World store, the first of its kind in Europe
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Occupiers' Eye: Simon Ward
10 September 2010
Lack of environmental direction is a drain on tenants’ energy
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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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Beales to open in Rochdale
9 September 2010
Department store JE Beale is to open its thirteenth store this month at the former Westgate department store in The Exchange Shopping Centre, Rochdale.
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McKay secures City letting
8 September 2010
McKay Securities has let 15,000 sq ft at Portsoken House in the City of London to a residential and mixed use managing agent.
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Segro secures eight deals
7 September 2010
Segro has secured eight industrial pre-lets totalling 473,000 sq ft across the UK and Europe.
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Coffee house hits the road
03 September 2010
Coffee Republic’s expansion plans are in top gear
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Fear of change as occupiers account for losses
03 September 2010
Changes to how companies report their lease liabilities could limit their ability to raise funds in the future. Aditi Shah reports
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HSS uses tools of the trade to shift strategy online
03 September 2010
Retailer’s new wholesale business reflected in relocation out of town
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Landmark House finds final tenant
2 September 2010
Diageo’s Landmark House in Hammersmith is now fully occupied after a 4,024 sq ft letting to Couponstar at £25 per sq ft.
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Barnsley council buys Gateway Plaza
2 September 2010
Barnsley Council has bought the mixed-use Gateway Plaza development in the town centre for an estimated £20m, and will occupy 78,000 sq ft of the scheme’s office block.
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Century 21 to open second Manhattan store
2 September 2010
US discount department store Century 21 is to open its second Manhattan store.
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Apollo letting fills 50 New Bond Street
2 September 2010
The letting of 50 New Bond Street, in London’s West End, has been completed after Apollo Real Estate agreed to take the last 7,000 sq ft.
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Allianz lets Paris tower
2 September 2010
Allianz Real Estate has let a 330,000 sq ft Parisian tower to France Telecom.
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Law firms break free from cellular offices
27 August 2010
Lawyers evolve into more modern, open-plan layouts
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John Lewis learns lessons from leap ‘into the unknown’
20 August 2010
The first John Lewis at Home store in Poole, which opened in October 2009, was a step into the unknown for us
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London retailers sign longest leases in UK
20 August 2010
Retailers in London and outer London receive fewer incentives and have to sign longer leases compared with those in the rest of the UK
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Retailer moves out of stuffed site
20 August 2010
Fashion retailer White Stuff will expand its European portfolio of 64 stores at a rate of 10 new stores each year for the next three years
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Slough consolidation leaves O2 better connected
20 August 2010
Telecoms company cuts costs and emissions in a £20m relocation within Slough
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MedImmune expands at Granta Park
19 August 2010
MedImmune Limited, the global biologics unit of AstraZeneca, has taken a 22,000 sq ft office building on a 15-year lease at Granta Park Cambridge.
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Warner Estate halves void space
19 August 2010
Warner Estate Holdings has filled nearly half of its void space in the last five months, the property investor said today.
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Allen & Overy consolidates in London
19 August 2010
Law firm Allen & Overy is consolidating its offices and relocating 200 staff from Canary Wharf to its headquarters in Bishopsgate in the City of London.
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Fancy dress for Bluewater
17 August 2010
Angels, the UK’s largest and longest-established costumiers, is to open a 2,370 sq ft pop-up store at Bluewater shopping centre.
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Fladgate moves to Covent Garden
17 August 2010
Commercial property law firm Fladgate has announced it will consolidate its offices by moving to a site in Covent Garden.
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Restaurants confirm appetite for Central St Giles
17 August 2010
Four leading restaurant operators have exchanged contracts to open at the new Central Saint Giles development in London’s West End.
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Tiger donates former petrol station for pop up cinema
17 August 2010
Tiger Developments has donated a former petrol filling station in Clerkenwell for a pop up 1950s style cinema.
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AXA takes new space in Singapore
13 August 2010
AXA has agreed terms to become the anchor tenant at MGPA’s Shenton Way building in Singapore.
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Admiral takes Cardiff’s biggest ever pre-let
11 August 2010
Stoford is to develop a 220,000 sq ft headquarters for Admiral Group in Cardiff - the biggest ever pre-let deal in Cardiff’s history.
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PWTV: Will Primark's new store revive Oxford Street's East End
10 August 2010
Primark’s second Oxford Street store at the world famous retail street’s east end, as revealed by Property Week, will bring a major fashion retailer to an area that has struggled to create a strong retail mix.
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TK Maxx to open new Cardiff store
10 August 2010
TK Maxx is fitting out a new store in Cardiff this month.
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CVAs rise by 74%
6 August 2010
Company voluntary arrangements (CVAs) in the second quarter of 2010 are up 74% on the same period last year, according to research by KPMG.
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Economist Tower lettings achieve high St James rents
6 August 2010
Ryder Street Properties, represented by Mellersh & Harding, have achieved some of the highest rents in St James’s for a year at the EconomistTower.
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FTSE file: Halfords
06 August 2010
In a fortnightly series, Aditi Shah profiles a FTSE 250-listed occupier and its property strategy
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Landlords learn to cash in on pop-up culture
06 August 2010
Landlords are realising the commercial allure of pop-up shops and are increasingly tailoring leases to attract more independent retailers
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Need to know: L&G’s green bible
06 August 2010
Legal & General Investment Management last week published a guide to help office occupiers reduce their carbon footprint
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Overseas lingerie brands keep abreast of UK high street
06 August 2010
The UK high street is experiencing an influx of new lingerie chains
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Shake your moneymaker
06 August 2010
Milkshake bar Shakeaway opened its 50th store last week in 653 sq ft on a 10-year lease in Gracechurch Shopping Centre, Sutton Coldfield, West Midlands
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McLaren to open at One Hyde Park
5 August 2010
McLaren’s high performance sports car, the MP4-12C, will be on sale at CPC Group and Qatari-backed Waterknight’s One Hyde Park: The Residences at Mandarin Oriental development from January.
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UBS signs for giant Broadgate deal
2 August 2010
British Land and Blackstone have secured a 700,000 sq ft pre-let with UBS at their City of London Broadgate Estate.
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King Sturge: Office Occupier Trends - Q2 2010
30 July 2010
A total of 1.3 million ft² of office floorspace was acquired in Q2 2010, down 57% on Q1 2010 and 12% lower than the same period a year ago.
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Consortium buys second round of Spanish assets
30 July 2010
A consortium of RREEF Europe, Area Property Partners and Europa Capital has bought a second portfolio of Spanish property assets from Banco Bilbao Vizcaya Argentaria (BBVA).
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Vodafone investigates property team
30 July 2010
Vodafone has declined to deny reports that up to a quarter of its 60 property team members are under investigation for fraud.
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Advisers bid for golden ticket to advise BA
30 July 2010
The UK’s largest airline operator, British Airways, is looking for advisers to manage its global property portfolio
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Late rent payments echo tough financial climate
30 July 2010
DTZ data show office and industrial sectors are paying rents late, while the retail occupiers prove consistent
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Occupiers' eye: Bill Concannon
30 July 2010
Prepare the property ground before a merger
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Starbucks’ grande designs no tall order for massimo rivals
30 July 2010
There’s a fight brewing between the bean grinders on the high street. This month Coffee Republic and Costa Coffee unveiled new-look stores, following hot on Starbucks’ heels.
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Kurt Geiger Covent Garden unveiled
29 July 2010
Footwear retailer Kurt Geiger has this week unveiled its new store in Covent Garden.
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Betting shop bought up by rivals
26 July 2010
South-east based betting shop chain Roar Betting has been split up and sold after it was placed in administration on 19 July.
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Trespass opens first south-west store
23 July 2010
Outdoor leisure and clothing retailer Trespass has opened its first high street store in the south west as it starts a wave of new openings.
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Cath Kidston spots Cambridgeshire shed opportunity
23 July 2010
Last month British retailer Cath Kidston, famous for its kitsch patterned homeware, expanded its warehouse space five-fold
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Fish therapy grows in scale
23 July 2010
The Turkish-born concept of fish spas is rapidly expanding in the UK
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FTSE file: Domino’s Pizza
23 July 2010
In a new fortnightly series, Aditi Shah profiles a FTSE 250-listed occupier and its property strategy. First up is Domino’s Pizza, which recorded a 29% rise in pretax profits to £17.5m in its half-yearly report, released last week
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Occupiers' eye: Howard Morgan
23 July 2010
Occupiers must have ’warm-up lap’ before opening talks
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Store Twenty One to open 20 stores
23 July 2010
Store Twenty One opened a 4,100 sq ft store in Jarrow, Tyne and Wear, last Friday
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Telford is hub of activity
23 July 2010
Dave Dodd’s new retail format, Hub, will open its first store in Telford Shopping Centre at the end of next month
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Scottish Widows confirms Kleinwort Benson letting
21 July 2010
Kleinwort Benson, the UK and Channel Islands wealth manager, has taken the whole of Scottish Widows Investment Partnership’s (SWIP) 50,000 sq ft St George Street office development, as first tipped by Property Week in February.
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Luxury Fashion boosts West End retail sales
19 July 2010
Retail sales in London’s West End saw a 10% year-on-year growth in June compared to a flat UK-wide result of just 1.2%, according to figures released by the New West End Company today.
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Jones Lang LaSalle strengthens tenant representation team
19 July 2010
Jones Lang LaSalle has appointed Will Heigham as an associate director in its national office agency tenant representation team in London.
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Corporates take over
16 July 2010
On 1 July CoreNet Global UK chapter hosted its annual Summer Star Awards in the City of London to celebrate innovation in the property industry
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Prologis leases 490,000 sq ft to Travis Perkins
15 July 2010
PEPR, one of Europe’s largest owners of modern warehouse distribution facilities, announced today that it has signed a 17 year lease with Travis Perkins, a supplier to the UK’s building and construction industry.
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McKay Securities completes office lettings trio
15 July 2010
McKay Securities has completed three office lettings in London.
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Central London availability drops to two year low
12 July 2010
Availability in central London is at its lowest for two years according to research by CB Richard Ellis.
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Hed Kandi to open Bluewater shop debut
9 July 2010
Music and lifestyle brand Hed Kandi is to make its UK retail debut at Bluewater in August in conjunction with a transactional website.
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Caffè Nero froths up Victoria
09 July 2010
Italian coffee chain Caffè Nero this week opened a 2,268 sq ft coffee shop on a 10-year lease with six months rent free at Marsham Street near Victoria railway station in central London
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Chemist restructures and cuts costs to Boots
09 July 2010
The UK’s largest pharmacy, Alliance Boots, has reorganised its property team to reduce its property costs and expand its portfolio
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HMV retunes leases
09 July 2010
Music and book retailer HMV Group aims to reduce its leasehold property costs
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Portman's Village people
09 July 2010
There have been several shop lettings in Portman Estates’ Portman Village in London’s West End
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Q+A: Barry Varcoe resonates
09 July 2010
Barry Varcoe, past-chairman of CoreNet Global and former group property director at the Royal Bank of Scotland (see box), talks to Property Week about his new business venture, Real Estate Resonance, which he launched this week
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Tokyobike's London ride
09 July 2010
Independent Japanese bicycle company Tokyobike has opened a 1,050 sq ft pop-up shop on Ballymore Properties’ 117 Commercial Street in east London.
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Travelodge has eye on 2012 Olympics prize
09 July 2010
Hotel chain plans 8,000 further bedrooms in time for the games and to outprice independent operators
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Capita Symonds takes space in Sheffield
6 July 2010
Capita Symonds has agreed to take 15,000 sq ft in Sheffield city centre office.
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KPMG has designs on Canary Wharf
02 July 2010
Accountant moves into client-friendly headquarters
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Levi’s bolt from the blue
02 July 2010
Andrea Moore, Levi’s branding and marketing director, tells Property Week why the denim retailer plans to roll out its London Regent Street store design concept across the UK this autumn
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Occupier voice: John Maddison
02 July 2010
Retailers home in on what consumers want
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Orla Kiely turns over new London leaf
02 July 2010
Designer Orla Kiely is opening her second boutique in London on the King’s Road in Chelsea later this summer
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Wine bars uncork London expansion
02 July 2010
London-based Terroirs and Vinoteca to open second watering hole each
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Hollister: Live from Norwich
29 June 2010
Abercrombie & Fitch fashion brand Hollister has signed up at Capital Shopping Centre’s Chapelfield shopping centre in Norwich.
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Fund takes space at Glasgow's Capella
28 June 2010
Strathclyde Pension Fund is set to open a new office in Glasgow’s Capella building at Atlantic Quay.
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How the BBC managed to cut and still run
25 June 2010
Broadcaster is ahead of the game as chancellor announces a wave of public sector cuts in the emergency Budget. Hardeep Sandher reports
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Occupier voice: George Roberts
25 June 2010
The media is vital to London – we must meet its demands
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Rooftop dining brought to Studio East
25 June 2010
Carmody Groarke has been commissioned to create a temporary food pavilion as part of Westfield Stratford’s Studio East concept, a cultural initiative to involve local talent in the shopping centre
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Best Buy to open in Nottingham and Derby
23 June 2010
Best Buy, the US electrical retailer, has announced plans for two new stores at Kingsway Retail Park in Derby and Castle Marina Retail Park in Nottingham.
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CoreNet members’ Budget pleas
18 June 2010
The fate of many occupiers will be sealed on Tuesday as the chancellor, George Osborne, delivers the emergency Budget
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Industry reflects on Leahy’s departure
18 June 2010
Real estate was key part of outgoing supermarket chief’s growth strategy
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Liverpool ONE smiles with office letting
15 June 2010
Liverpool Orthodontic Centre has signed up at Grosvenor’s Russell Building in its Liverpool One scheme.
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How New York and London towers are wooing and wowing occupiers
11 June 2010
Landmark Offices, a Cushman & Wakefield event with Property Week on 25 May in London, heard how ground has been broken at Ground Zero and how Heron Tower in the City of London is shaping up
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BPF Annual Conference: Property contracts need "21st Century" overhaul
8 June 2010
UK property needs to overhaul property contracts so they are fit for the 21st century, a British Property Federation conference has heard.
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Vue Entertainment to open venue at Treasury Holding’s Ballymun scheme
7 June 2010
UKmultiplex cinema developer Vue Entertainment has agreed to open a venue in Treasury Holding’s Spring Cross development in Ballymun in Ireland.
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NewRiver Retail acquires £19m Redevco portfolio
7 June 2010
NewRiver Retail, the AIM-listed company set up by Halladale founder David Lockhart, has bought a portfolio of six long-leasehold retail units from Redevco for £19m with 65% loan to value funding from Santander.
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Invista forward funds Travis Perkins development
18 May 2010
Invista Real Estate Investment Management has agreed to forward fund a retail warehouse development in Guildford.
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Turley Associates takes space in Bruntwood scheme
17 May 2010
Planning consultancy Turley Associates has signed to move offices in Manchester to Bruntwood's No.1 New York Street development.
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Economy and employment are key drivers for occupiers
17 May 2010
The economy and employment regulations are the key drivers for office occupiers wanting to implement new flexible working practices in buildings according to the British Council for Offices latest report.
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Man of their dreams
14 May 2010
Nick Leslau's second TV role, in High Street Dreams with Jo Malone, started on Monday
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Kraft plans UK headquarters move
11 May 2010
Kraft Foods, which has recently completed the takeover of Cadbury, is planning to consolidate its research and development facilities and headquarters in the UK.
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Shell oils wheels with JLL for vast EMEA portfolio
7 May 2010
Shell has appointed Jones Lang LaSalle as its primary provider of real estate support services across the Europe, Middle East and Africa region (EMEA).
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Intelligence: Cushman & Wakefield retail detail
7 May 2010
West End leads gradual recovery in UK high street
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Barclays banks on DTZ
23 April 2010
Firm to generate up to £6m in fees for giant retail and office portfolio
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Tenant asset needs work
16 April 2010
Sir, It seems that the institutions worry greatly about trying to get the government to give them suitable tax breaks so they can make investing in the private residential sector or “build to let” work for them (PropertyWeek.TV, 17.09.09)
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Vodafone picks agents for international property advice
14 April 2010
Vodafone has picked Colliers International, Cushman & Wakefield, DTZ and Jones Lang LaSalle as its preferred suppliers to advise on its international property portfolio.
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New rates spell trouble
9 April 2010
Sir, I want to purchase a business in the London area that includes freehold property (Professional, 26.03.10)
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Recession makes arson a burning issue
9 April 2010
Thousands of businesses have vacated premises during the recession and arson is rocketing as a result. Now the fire service is fighting back
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web of intrigue
01 April 2010
E-tailing has come of age. As more shoppers and retailers make the online migration, Hardeep Sandher investigates whether retail property will end up in the bargain bins
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British Land confirms 465,000 sq ft of London lettings
31 March 2010
British Land has signed 465,000 sq ft of lettings deals since February, including letting the whole of its 10 Triton Street at its newly developed Regent’s Place scheme in the West End.
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Financial services sector “better than expected”
29 March 2010
Activity in the UK financial sector was broadly stable over the last three months and firms expect to see better growth in the next three months, according to the latest CBI/PWC Financial Services Survey.
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Big retailers continue to call the shots
26 March 2010
Lambert Smith Hampton’s industrial overview, published this week, makes predictions for 2010
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Retailers rise from the Dead
26 March 2010
This week marks a key date in the rent-collection calendar for retail landlords. If retailers have had a tough period since Christmas, they will struggle to meet this month's rent deadlines — two retailers have entered administration for the second time already this year, while a third has notched up a hat-trick. Laura Chesters looks at the issues surrounding retail's "Lazaruses" and what the government is doing to regulate insolvency practices
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Vacancy rate rage
12 March 2010
Sir, Letchworth Garden City in Hertfordshire would like to hit back at a report that claims it has a shop vacancy rate of 24.5%, as the figure is nearer 9% (daily news, 10.02.10)
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Barrie tells BBC to `grow up’
2 March 2010
I find the BBC a complacent, arrogant and self-satisfied organisation affecting three big parts of my life.
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Food retailers are the only ones eating away at the supply
Sheds February 2010
I envisage 2010 as the year of the “living dead”, with the global businesses in our sector sustained solely by the life-support machine that is the Bank of England’s low interest rates
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Market rent issues may cause conflict
Sheds February 2010
At the end of 2009, the consensus for the sheds market appeared to be that signs of stabilisation had begun to emerge but recovery was — and still is — some way off
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Liverpool FC kicks off new commercial HQ
27 January 2010
Liverpool Football Club has signed up to move its commercial operations to Rumford Investments’ 20 Chapel Street building in Liverpool city centre.
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BNP Paribas Real Estate wins IBM contract
25 January 2010
BNP Paribas Real Estate has won the UK and Ireland mandate to manage IBM’s property portfolio in the UK and Ireland.
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Adams goes into administration… again
22 January 2010
Adams, the childrenswear retailer, has gone into administration for a third time.
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PWTV: Guy Grainger on which retailers to watch in 2010
22 January 2010
Jones Lang LaSalle's head of retail Guy Grainger spoke to Property Week about the how the retail market will fare in 2010.
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Innocent’s new HQ showcases fruits of its labours
22 January 2010
Ladbroke Grove office takes smoothie maker’s growth forward
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Loungewear brand finds Bluewater a Juicy proposition
22 January 2010
Celebrity favourite Juicy Couture’s UK expansion to begin in Kent mall
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Playtime begins for Graymack
22 January 2010
New indoor urban sport and soft play company, Graymack, has opened its first centre at Kilmartin’s £20m Playsport development in East Kilbride
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Polpo brings variety to West End
22 January 2010
Former Caprice man Norman carves out niche with Italian-style tapas
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Tailor enters City market
22 January 2010
Gieves & Hawkes, the Savile Row tailor, has achieved two firsts this month
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Tax changes could exile whole companies, report warns
22 January 2010
More multinational occupiers could move their UK headquarters overseas if increases to both personal and corporate tax continue
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Marks & Spencer takes space at Spinningfields
14 January 2010
Marks & Spencer has taken a floor at Allied London’s 3 Hardman Street in Manchester for a Business Service Centre.
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GE signs at the Ark
13 January 2010
GE has signed up to occupy 100,000 sq ft of its own building, the Ark in London’s Hammersmith, after the “white elephant” which has stood empty for much of its history failed to attract other tenants.
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HSBC cancels York data centre plan
4 January 2010
HSBC has cancelled plans for a £300m data centre scheme on the Vangarde site at Monks Cross near York.
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Last chance to register for our free ratings revaluation online seminar
30 November 2009
Learn the real story behind next April’s rating revaluation at the Property Week webinar tomorrow.
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SPX picks Manchester
23 November 2009
SPX Corporation, a US based manufacturing firm, has picked Manchester as the location for a new ‘shared service centre.’
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HSBC in talks to sell Paris HQ
18 November 2009
HSBC, Europe’s largest bank, is in exclusive talks with an unidentified property fund to sell its Paris headquarters.
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Four banks in £340m Telereal refinancing deal
18 November 2009
William Pears Group’s Telereal Trillium has refinanced £340m of debt in one of the biggest debt transactions this year.
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Manchester occupiers see growth in 2010
27 October 2009
Just over a third of 100 occupiers in Manchester city centre surveyed by Drivers Jonas are planning to move to larger premises in the near future, the firm said.
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EXPO 2009: Warsaw top city for expanding companies
7 October 2009
Cities in Central and Eastern Europe are top of the list for companies looking to expand across Europe over the next five years, with Warsaw, Moscow, Budapest and Bucharest ahead of London and Paris.
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Government unveils final details of Carbon Reduction Commitment
7 October 2009
The government has revealed the final rules for the emission trading scheme that will hit 5,000 UK businesses on 1 April 2010.
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Aker signs in Aberdeen at Miller Cromdale's offices
24 September 2009
Miller Cromdale, the joint venture between Miller Developments and Cromdale, has completed Aberdeen’s largest office letting this year at its Freedom House scheme in Old Ford Road.
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Biggest Topshop in Europe outside London opens in Liverpool
18 September 2009
TopShop has today opened its 65,000 sq ft Liverpool One store, its largest in the UK bar its Oxford Circus store.
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CBRE to let One New Change
18 September 2009
Land Securities has appointed CB Richard Ellis as joint letting agent at One New Change in the City of London
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Company search ends at Dickins & Jones development
18 September 2009
Executive search and management company Heidrick & Struggles has placed 27,500 sq ft under offer at the Iona building at 40 Argyll Street in London’s Mayfair
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Crown signs five more jewels
18 September 2009
The Crown Estate has signed five more retailers
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Dover Street is in fashion
18 September 2009
A series of new retailers are set to lift the fashion credentials of Dover Street in London’s Mayfair
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Two occupiers for 23 Savile Row
18 September 2009
D2 Private has completed two more lettings at 23 Savile Row in London’s Mayfair
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Eye on Offices: Savills' Bates and Hickey discuss occupiers' wishes
11 September 2009
Cost is the main factor that will determine occupiers' next office move, Savills latest office occupier survey has shown.
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Bargains’ hunt
11 September 2009
Discount retailer Home Bargains is searching the UK for new space to take its portfolio of stores from 200 to 350 in the next four years
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Cable & Wireless calls on adviser Doherty Baines
11 September 2009
Company to advise on integrating telecoms company Thus’s portfolio
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Occupiers’ lowdown at Offices 2009
11 September 2009
Hear more about office occupiers at Property Week and CoreNet Global UK’s Offices 2009 conference
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Office politics
11 September 2009
Savills shows that offices must work harder than ever to satisfy occupiers’ demand for highly efficient properties
