Commercial property RSS feed for the Commercial property tag
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Business
BusinessDesk 15 Dec 10
Not In My Back Yard
The Government’s plans to give greater control over certain planning issues to local people could be placing the property industry into the hands of NIMBYs.
That’s one of the views following the long-awaited unveiling of the Localism Bill by communities secretary Eric Pickles MP on Monday…
Business
Express & Star 17 Oct 10
Almost £180 million worth of derelict land earmarked for much-needed development has plummeted in value by around 45 per cent.
The 44 pieces of land – owned by doomed quango Advantage West Midlands – include 20 across Birmingham, the Black Country and Walsall…
Business
Express & Star 5 Jul 10
West Midlands water company Severn Trent is selling its 23,000 acre Lake Vyrnwy estate in Wales in the UK’s biggest land deal in living memory.
The sale is being handled by property agents Knight Frank, which has slapped a price of £11 million on the estate, although the water rights are being sold seperately…
Business
Express & Star 29 Jun 10
The production site of an historic Willenhall manufacturing firm has been put up for sale, it emerged today.The old George Carter (Pressings) Ltd in Park Road, Willenhall is on the market.
The 179-year-old firm closed more than a year ago and the five-and-a-half acre site has been left standing empty since…
Business
B'ham Post 7 May 10
Dance teacher Christa Collard so loved her work she decided to buy the business. Ms Collard and her parents Bruce and Susan have acquired Walsall Academy of Dance and the associated Walsall Dance Shop in Butts Street for an undisclosed sum.
It is a remarkable progression for the girl who began there as a two-year-old and, now 27, has gone from pupil to teacher to vice principal and now principal and part owner…
Business
Express & Star 5 May 10
A landmark depot in the Black Country has been put on the market with a £6.75 million pricetag as bosses prepare to close down the operation in months. Up to 600 workers face an uncertain future with the closure of City Link, in Darlaston, although managers say they will try to find jobs for them elsewhere.
But it is feared that most of the staff will lose their jobs when parent company Rentokil closes the gates in the summer and transfers work to a new national hub in Coventry…
Business
Express & Star 5 May 10
A 160-year-old landmark tearoom has been put up for sale. Regulars at the Corner House, in Pelsall, today called for the venue to remain as a “quintessentially English” tearoom.
It was put on the market with a £295,000 price tag. Pelsall councillor Garry Perry said he was keen to see the cafe, at the junction of Church Road and Chapel Street, continue as it is…
Business
BusinessDesk 26 Apr 10
The West Midlands’ commercial property sector continues to recover at a slower pace than other areas of the UK such as London, the Royal Institution of Chartered Surveyors has said. According to the latest RICS’ UK Commercial Property Survey, rental expectations for London offices rose dramatically in the first quarter – moving above zero for the first time since Q4 2007 as available space declined for the second consecutive quarter.
This is the first time more RICS surveyors have reported an anticipated rise in rents for two years. The positive net balance of 57% – compared with the previous reading of zero – for central London office property was the biggest rate of increase on record…
Commercial property
Graeme Brown Birmingham Post 4 Sep 09
The company behind the Oxford Place development in Walsall, Bovis Homes, has begun a £60 million fundraising drive as it aims to position itself for some cut-price land deals…
Business
B'ham Post 13 Aug 09
New research shows commercial property prime yields show signs of stabilising for the first time in two years, with “buy” signals also returning to parts of the market for prime assets.