Commercial Property

New £68.7m funding deal agreed for Birmingham student flats

A huge student accommodation project due for completion in Birmingham next year has been boosted by a new funding deal. LaSalle Investment Management has agreed a £68.7 million loan deal with developer and operator Vita Group for its project in Gough Street near the city's landmark Mailbox scheme. The building will house 540 beds and be run by the Cheshire-based group once completed. It will cover 105,000 sq ft across two blocks of ten and 29 sto...

in Commercial Property 2026-04-28 11:49

Future of £58m Bristol research centre in question following deal

Plans for a new £58m research centre in Bristol are reportedly in question after an acquisition deal. Wiltshire inhaler firm Vectura, which was behind the proposals, was snapped up last week by US manufacturer Molex - the parent firm of contract development organisation Phillips Medisize. It acquired the Chippenham-headquartered respiratory medicines business from tobacco giant Philip Morris International for a knock-down price of £150m ($198m). ...

in Commercial Property 2026-04-28 11:07

County Durham country pub snapped up by Valiant Pub Company

A popular countryside pub bordering County Durham and Northumberland has been snapped up by a growing hospitality group in an undisclosed deal. The Derwent Arms is a traditional pub, restaurant and hotel in the village of Edmundbyers, set in the North East corner of the North Pennines Area of Outstanding Natural Beauty. The venue has a lounge bar and restaurant, as well as six ensuite letting rooms, a self-catered guest apartment, and a beer gard...

in Commercial Property 2026-04-27 11:37

Northern developers Placefirst and Strata launch housebuilding joint venture

Two Northern developers have come together to launch a joint venture that aims to create hundreds of family homes using modern construction methods. Build to rent developer-operator Placefirst, which is based in Salford, has partnered with Doncaster housebuilder Strata to form a 50:50 joint venture with plans to deliver more than 500 single-family homes by 2028. The new company will start with a development to create 128 homes at Strata’s ‘Desire...

in Commercial Property 2026-04-27 11:01

Green light for Botanical Gardens revamp

A project to rejuvenate a popular tourist and event destination in Birmingham has been handed the green light. Birmingham Botanical Gardens in Edgbaston is planning to carry out a major overhaul of its glasshouses and has already received grant and lottery funding. The 15-acre site has four Victorian glasshouses which will be restored to reflect their original form and adapted to serve contemporary horticultural needs. Other planned work includes...

in Commercial Property 2026-04-26 11:31

Plans for a major public sector hub in Cardiff Bay

Plans for a major public sector-led office hub scheme in Cardiff Bay can be revealed. While still at an early stage, Cardiff Council has identified a site as part of a wider Atlantic Wharf mixed-use development scheme for potentially up to 500,000 sq ft of new office space. The hub would be located on council-owned land between the site of the proposed 15,000-seater indoor arena - for which financial closure is expected this spring - and the exis...

in Commercial Property 2026-04-26 18:46

Property group snaps up Northumberland industrial estate in £5m deal

Property group Northern Trust Company Ltd has snapped up a Northumberland industrial estate in a multimillion-pound deal. Northern Trust Company, an investment group focusing on property investment, development and strategic land promotion, currently has a portfolio of around 9m sqft of industrial space, trade counters and office parks, as well as more than 5,000 acres of land throughout the UK, supporting over 25,000 jobs. Now the business has b...

in Commercial Property 2026-04-25 11:53

Wirral Council's properties 'worth £9m less' than when local authority bought them

Investment properties purchased by Wirral Council have seen a drop in value of more than £9m since their acquisition, an auditors' report has shown. The portfolio includes notable assets such as Birkenhead's Vue Cinema and the Europa Centre, both of which had already seen a decline in value. On January 6, auditors Grant Thornton published their annual report on the council's financial accounts, ahead of an emergency meeting scheduled for January ...

in Commercial Property 2026-04-25 18:12

Persimmon sees sales rebound and points to higher profit expectations

Housebuilder Persimmon has pointed to the beginnings of recovery in the housing market after seeing a growth in sales last year. The York-based firm, along with all of the UK’s largest housebuilders, has seen a period of decline in recent years as rising interest rates and wider problems in the UK put the brake on sales. But now it has announced a 7% increase in housing completions last year, selling more than 10,000 homes and seeing a small incr...

in Commercial Property 2026-04-24 11:15

Take up of office space in Cardiff in 2024 the best for seven years

Take-up of office space in Cardiff had its best year in 2024 for seven years with the letting of the 1 John Street building to Lloyds the standout deal. With the headline rent for the city increasing to £28 per sq ft, the year saw letting deals totalling 581 643 sq ft, according to research by property consultancy Knight Frank. In the highest level of take-up since 2017, the rate was more than double that in 2023. The final quarter of the year co...

in Commercial Property 2026-04-24 11:55

Closure prompts interior design team to launch new firm

A new interior design firm has been launched by staff from a previous company which closed down last year. Chapter 9 Design in Redditch has been born out of Claude Hooper which ceased trading following the retirement of its eponymous founder. It has set up shop on the Moons Moat industrial estate after agreeing a six-year lease on a 1,756 sq ft office in Croft House. Senior interior designer Sarah Clements said: "After the retirement of Claude Ho...

in Commercial Property 2026-04-23 18:36

Runway East to open co-working space in Bath

Co-working space provider Runway East has signed a 20-year deal with global investment firm Abrdn to open a new site in Bath. Kings Court, a Grade II listed building on Parsonage Lane in the city centre, is the flexible workspace company’s third site in the South West. Runway East Bath, which covers 23,000 sq ft, will open in phases starting in the spring of this year. The agreement is the second with partner Abrdn following a deal for Runway Eas...

in Commercial Property 2026-04-23 18:02

Empty office block could be demolished for 140 new homes

An unused office block in Oldham that council officials fear could be a magnet for 'vandalism and anti-social behaviour' is set for demolition to make way for 140 new homes. The demolition of the Southlink building, near Oldham Mumps, was reconfirmed at a cabinet meeting this week. The land, acquired by Vistry Partnership from both the council and Transport for Greater Manchester in the previous October, will be transformed into a residential are...

in Commercial Property 2026-04-22 18:40

Trio of lease deals at Birmingham office block

A trio of new lettings have been secured at Birmingham city centre office building. Dutch software company Total Specific Solutions has agreed a three-year lease for a suite in The White House, New Street, marking the company's second office in Birmingham. The new location will house its mergers and acquisitions team which focuses on sourcing software acquisitions and will also serve as a collaborative hub for remote employees. The firm said it p...

in Commercial Property 2026-04-22 18:18

Sale of luxury London hotel boosts profits of family-owned empire

Apex Hotels, the family-run hospitality empire, has reported a substantial increase in pre-tax profits to £28.4 million for the year ending 30 April 2024, following the lucrative sale of its Apex London Wall Hotel in July 2023, which netted an £18.9 million gain. The group also saw revenues climb from £74.8 million to £79.4 million during this period, attributed to higher room occupancy and rates, as reported by City AM. The proceeds from the hot...

in Commercial Property 2026-04-21 18:06

Birmingham pub set for £600,000 facelift

A pub in a Birmingham suburb is set to undergo a £600,000 overhaul. New plans have been revealed to revamp The New Inn, in Harborne, by owner Joule's Brewery. The Shropshire-based company acquired the venue in Vivian Road in May. Subject to planning consent, it said it wanted to revive some of the history of the New Inn, which dates back to 1845, including adding reclaimed bricks and panelling. It is also planning a full refresh of external areas...

in Commercial Property 2026-04-21 11:43

Indoor golf bar Pitch latest to target Birmingham

Another competitive socialising venue has announced plans to open in Birmingham. London-based group Pitch will launch an indoor golf bar in 2 Colmore Square in April, becoming the firm's first venue in the Midlands. The new destination will have eight simulator bays which will give customers the chance to "play” on some of the world's best-known courses. There will also be a bar, food menu, premium space for members and their guests, professional...

in Commercial Property 2026-04-20 11:03

Sale deal for Black Country warehouses

A pair of warehouses in the Black Country have been sold. Polydrain Civils has acquired the adjoining units in West Bromwich. Terms of the sale were not disclosed but Units 1 & 2 Ridgacre Road were on the market with a guide price of £3 million. The two long leasehold units, which span 61,484 sq ft on a three-acre site, are close to the A41 Black Country New Road. Polydrain Civils, which is based in Oldbury, specialises in water management se...

in Commercial Property 2026-04-20 18:48

Thompsons of Prudhoe 'thrilled' at 2025 opportunities despite fall in profit and turnover

Directors at demolition specialist Thompsons of Prudhoe say they are excited at the opportunities in 2025, despite seeing turnover and profits fall in recent accounts. The Northumberland business carries out demolition and dismantling, earthmoving and excavation, waste management, recycling and haulage operations across the North East. Recent investments have included a £10m spend on two washing plants for quarries at Springwell, Gateshead and An...

in Commercial Property 2026-04-19 11:59

Green works at Black Country logistics hub

Improvement works on a logistics hub in the Black Country have been completed. Masterfreight is leading the scheme on AMK House, in West Bromwich Street, Oldbury, which is aiming to improve the green credentials of the company's operations there. The work comprises new insulated cladding and improving roof height to aid in the fitting of solar panels. Masterfreight specialises in the import and export of cargo as well as offering warehousing faci...

in Commercial Property 2026-04-19 11:27

Former Newcastle Sports Direct store to become new home for banking giant

Lloyds Bank is to move into the multimillion-pound redevelopment of the former Sports Direct store at Monument Mall, it has been revealed. Billionaire real estate entrepreneurs Reuben Brothers, part owners of Newcastle United, snapped up Monument Mall in a reported £37m deal four years ago through its investment vehicle, a deal which triggered major investment at the large property which has luxury shops, bars and restaurants. Former tenant Sport...

in Commercial Property 2026-04-18 11:11

NG Bailey relocates Leeds headquarters to White Rose Park

Engineering firm NG Bailey is moving its Leeds headquarters to White Rose Park in a bid to provide an "exceptional" office for its workforce. The £312m turnover business, which has worked on a number of high profile projects in the UK including the Hinkley Point nuclear power station, will swap its Brown Lane West headquarters in Holbeck for space in the ABC Building at the south Leeds site. Bosses say the new 25,230 sqft Grade A office space at ...

in Commercial Property 2026-04-18 18:04

Social housing group Thirteen seals £30m funding deal with NatWest

Social housing provider Thirteen Group has secured a £30m funding deal to help support a major project across its North East portfolio of properties. The Middlesbrough-based business has agreed the finance package with NatWest, with the funding including a new Housing Green Retrofit Loan (HGRL), which forms part of a larger transaction through which the bank will continue to be a main strategic funding partners, providing a total funding package ...

in Commercial Property 2026-04-17 11:35

Start date on new £6m riverside plaza scheme for Pontypridd

Work transforming the former Marks & Spencer store site in the centre of Pontypridd to create a new £6m riverside plaza will start next month. The former M&S and Dorothy Perkins buildings, which had been empty since 2015, were demolished last year in preparation for the new development. More than £5.6m of funding has been secured to develop the site into a proposed 'riverside plaza', which the council say will provide a functional and aes...

in Commercial Property 2026-04-17 18:28

Yorkshire's Harworth Group announces record residential plot sales of £104m for 2024

Yorkshire property business Harworth Group has announced record residential plot sales in its fourth quarter, helping to double plot sales for the year to £104.1m. The Rotherham-based company, which specialises in regeneration of land and property for sustainable development and investment, completed 1,896 residential plot sales worth £71.7m in the final quarter of 2024. The record figure brings total residential plot sales for the year to 2,385,...

in Commercial Property 2026-04-16 18:38

Padel club plans for Peddimore

The growing racquet sport of padel could have a new home in Birmingham. Plans have been revealed to build a padel centre at the Peddimore scheme near Sutton Coldfield. The Padel Club is eyeing the site as part of its wider expansion plans out of its North West home. The group first launched in Wilmslow and is backed by high-profile sports people such as ex-England cricketer Michael Vaughan and former Aston Villa players James Milner and Shay Give...

in Commercial Property 2026-04-16 18:20

Historic Northumberland pub sold to pub giant Greene King in multimillion-pound deal

A 200-year-old Northumberland pub famed for its ‘cursed’ window collection has been acquired by a pub giant in a seven-figure deal. The Dirty Bottles in Alnwick has been operating as a pub for more than 200 years, but just over 10 years ago it faced closure when developers had earmarked it to be turned into flats. Local entrepreneur Mark Jones stepped in to save the building, believed to have been built in the 1600s, and transformed the pub with ...

in Commercial Property 2026-04-15 18:58

Mamhilad Park Estate boosted with major letting deal

Mamhilad Park Estate near Pontypool has been boosted with a major office letting deal. NHS Wales Shared Services Partnership has taken a lease on 72,000 sq ft of refurbished warehouse space that will be used for the archiving of medical records. It includes 3,500 sq ft of new office space which is in addition to the existing 14,000 sq ft office that NHS Wales Shared Services Partnership already has at Mamhilad. Moreover, South Wales Fire & Re...

in Commercial Property 2026-04-15 11:09

Bristol office market has highest rents outside London

Office space in Bristol is now more expensive than any other big city outside of London, a new report has revealed. Surging demand among businesses and a lack of supply drove up rents last year, the Bristol Office Agents Society found. Headline rents in the city increased through 2024 to £48 per sq ft - the highest of the big six cities analysed. A lack of "good quality" space also drove up prices on refurbished buildings which in many instances ...

in Commercial Property 2026-04-14 18:08

Huge 900-space multi-storey car park to be built in Cardiff Atlantic Wharf redevelopment

A new multi-storey car park made up of more than 900 spaces will be built in Cardiff Bay. Cardiff Council's planning committee have approved plans for the seven storey high development, which will be located on the Red Dragon Centre car park opposite County Hall, The car park is part of the wider masterplan to redevelop Atlantic Wharf which will include the construction of a new 15,000 capacity indoor arena, a hotel and new public square. Plans f...

in Commercial Property 2026-04-14 18:42

Business owners devastated after flooding causes more than £1m of damage

Business owners at the Meadow Industrial Estate in Stockport have been left devastated after New Year's Day floods caused what's likely to be more than a million pounds of damage. The business park, located next to the River Tame and behind Meadow Mill, saw its second flood in three years, leading some tradespeople to contemplate shutting down. More than 400 residents of the converted Meadow Mill apartments were evacuated by emergency services as...

in Commercial Property 2026-04-13 18:40

Opinion: Sharing Greater Manchester’s growth story at MIPIM 2025

When Greater Manchester goes to MIPIM, it shows the city-region working at its very best. We stand together, as one city-region speaking with one voice. The longstanding partnerships between the public and private sectors are clear for the world to see. Stability is one our key strengths, but next year’s event will be different for a couple of reasons. On a personal note, MIPIM 2025 will be my first as Chief Executive of the Greater Manchester Co...

in Commercial Property 2026-04-13 18:50

National law firm to expand into North East in former Newcastle bank site

A national law firm is poised to expand into the North East after snapping up a former bank in a Newcastle suburb. The Barclays Bank unit on Gosforth High Street has lain empty ever since closing its doors to customers in March 2022 having operated as a bank for more than 125 years. The closure was among a number in the region, after the banking giant noted a fall in the number of people using its in-person services as many switched to digital ba...

in Commercial Property 2026-04-12 18:10

London property company fully lets Baker Street office space ahead of completion

A UK property company has successfully fully let office space on Baker Street at a substantial premium, marking an optimistic opening to the commercial sector in 2025. Derwent London announced the pre-letting of 204,300 sq ft to five tenants at their upcoming 25 Baker Street W1 complex, set to be completed by the end of the year, as reported by City AM. "These lettings highlight the strength of demand for high quality, design-led and amenity-rich...

in Commercial Property 2026-04-12 11:25

Big box market could get ‘competitive’ as industrial market returns to growth while development pipeline is limited

The North West’s industrial and logistics market has returned to growth – and a new report suggests a limited big box development pipeline means there will be “competitive tensions” and rising rents. The North West Logic report from Knight Frank showed the market was positive again in 2024 after two years of decline. Occupier take-up reached 4.8million sq ft, up 7.5% on 2023 and surpassing the five-year pre-pandemic average. The study showed manu...

in Commercial Property 2026-04-11 18:32

North Yorkshire attraction set at former POW Camp is put up for sale as owners retire

A North Yorkshire visitor attraction based at a former Prisoner of War camp is up for sale after the founding family announced plans to retire. Specialist leisure property adviser, Christie & Co, has been instructed to sell one of the UK’s most iconic, award-winning visitor attractions: Eden Camp Modern History Museum in North Yorkshire. Originally a prisoner of war camp, Eden Camp was built on the outskirts of Malton, North Yorkshire, in ear...

in Commercial Property 2026-04-11 11:33

Unite reports 'strong demand' amid student housing shortage

The UK’s largest student accommodation provider is expecting to boost rental growth over the next academic year amid “strong demand” and a shortage of supply, it said. In a fourth-quarter trading update, Bristol-headquartered Unite Group said it had sold 66% of beds so far for 2025-2026 with occupancy estimated to be between 97% and 98%. Rental growth for the academic year is expected to be between 4% and 5%. Unite said the outlook for student nu...

in Commercial Property 2026-04-10 11:51

32-storey Sky Gardens residential tower to dominate Leeds after £54.4m loan deal

A Grade II-listed former mill in Leeds is set to be transformed into a vibrant residential destination with a 32-storey housing tower following a £54.4m loan deal. Real estate finance provider Maslow Capital has provided the multimillion-pound development loan to back a joint venture between CityLife and Torsion Group, which is set to develop the landmark Sky Gardens scheme in the city. A brownfield site which is just under one acre in size will ...

in Commercial Property 2026-04-10 11:19

Engineering firm Halton Flamgard expands by taking entire Welsh Government new build unit

International engineering firm Halton Flamgard has struck a lease deal for the whole of a new build industrial unit in Blaenau Gwent speculatively developed by Welsh Government as it looks to more than double its Welsh workforce. The company will occupy the 52,588 sq ft Rhyd y Blew One (RYB1) unit, the first development at the 30-acre Welsh Government-owned Rhyd y Blew land site near Ebbw Vale. Halton Flamgard, which manufactures damper units for...

in Commercial Property 2026-04-09 11:17

Harmony Works secures £3.5m from Arts Council England for music hub project

A multimillion-pound project to transform a historic Sheffield building has been given a £3.5m boost by the Arts Council. Canada House was originally built in the 1870s to become the offices for the Sheffield United Gas Light Company but in the 1980s it became one of the city’s most popular music haunts as the TurnUps nightclub. Harmony Works Trust, which was awarded official charitable status in August 2023, purchased the Grade II star listed Ca...

in Commercial Property 2026-04-09 11:45

Manchester 'could run out of office space by 2027' - what it could mean

Andy Burnham, the Mayor of Greater Manchester, revealed a 'sobering' report shortly before Christmas, suggesting that if current trends continue, the city could run out of office space by 2027. He said: "There'll be investors wanting to come here but there won't be available space because if we're moving at the pace we're moving at, we'll have that problem. So that was quite a sobering read." The exact details of the report remain undisclosed, bu...

in Commercial Property 2026-04-08 18:24

Business hub to create 45 jobs as plans approved for lorry park

A business hub at the lorry park of a Darwen factory has secured planning permission, with developers promising to boost local employment. The proposed employment building at Sough Works in Sough Road will replace a previous approval for 10 starter units on the 1.4-acre site and is expected to create 30 full-time and 15 part-time jobs. Blackburn with Darwen Council has given the green light to the development of the 24/7 business hub by Gnosall E...

in Commercial Property 2026-04-08 11:41

Plans to move Merthyr Tydfil's indoor market to new location

Merthyr Tydfil's indoor market is set to move, the council has announced. It will relocate to the ground floor of the former Wilko premises in St Tydfil's Shopping Centre. A concept plan has been drawn up for a more multifaceted, modern marketplace, with traditional elements. The space will also feature a sensory area, a separate performance area and an exhibition space. It will feature a produce market, a market academy for future traders and im...

in Commercial Property 2026-04-07 11:57

Plans revealed for 33-storey co-living scheme in the centre of Cardiff

Plans for a 33-storey co-living scheme in the centre of Cardiff can be revealed. Bangor-based and Alternative Investment Market listed developer Watkin Jones will next week launch a pre-planning public consultation exercise for its 400 build-to-rent bedroom scheme on a brownfield site at Custom House Street. Co-living is a type of communal housing in which residents have private bedrooms and bathrooms, but share other facilities required to meet ...

in Commercial Property 2026-04-07 11:21

Hull Kingston Rovers reveal job-creating sports campus plans that have major retailer interest

Bosses at Hull Kingston Rovers have put forward plans for a new 'sports campus' on land near the club's Sewell Group Craven Park stadium. Heads of terms have already been signed with what are described as two large retailers who the club says have the potential to bring more than 100 jobs to the site to the east of Craven Park. The plans also include space for small businesses, green space and community facilities including the existing Waudby Ce...

in Commercial Property 2026-04-06 18:30

Housing association Gentoo to invest in new Sunderland trade base

Housing association Gentoo is set to invest in a new base on the former Littlewoods site in Sunderland as part of moves to bring extra benefits to customers and colleagues. Gentoo has picked the site in Hendon to become the location for Eastgate Point, the new home for its property services teams from summer 2026. The multimillion-pound Eastgate Point complex, a 120,000 sqft industrial project, will be developed by Promenade Properties and will a...

in Commercial Property 2026-04-06 18:44

Northumberland luxury hotel starting work on multimillion-pound spa project

Directors at luxury Northumberland hotel Matfen Hall have revealed work is poised to start on a multimillion-pound spa which aims to put the venue on the UK map as a leading leisure destination. The Matfen property was acquired by Walwick Estate Group in 2022 – owned by True Potential founder Sir David Harrison – after being part of the Blackett family since the 1830s. Following the deal the country hotel, spa and golf estate was closed for a num...

in Commercial Property 2026-04-05 18:14

Strong tenant interest in £12m low carbon Carmarthenshire office and industrial scheme

A new sustainable £12m office and industrial development in Carmarthenshire is already half let with strong tenant interest in remaining space. The Parc Gelli Werdd development at Cross Hands provides 26 office and workshop units, which collectively extend to 32,500 sq ft. The project was finance with £4.5m from the Welsh Government, £1.25m from Carmarthenshire County, as well as backing from the Active Building Centre and the European Regional D...

in Commercial Property 2026-04-05 18:16

Business advisory firm FRP opens Bournemouth office

Business advisory firm FRP has opened a new office in Bournemouth. The company already operates from a number of locations in the South of England including Southampton, Brighton, Bristol and Salisbury. The new office is based at Oxford Point in the centre of Bournemouth and will be headed up by existing FRP partner Sandy Kinninmonth and director James Prior. The pair will lead a seven-strong restructuring team locally to support the market in th...

in Commercial Property 2026-04-04 18:54

New owners of former Hilton hotel in North Wales

The new owners and name of the former Hilton hotel in North Wales have been confirmed. Hilton Garden Inn hotel opened in 2021 next to the surf lagoon at Adventure Park Snowdonia, Dolgarrog. The Ainscough family invested millions into the site and both schemes were backed by around £8m of Welsh Government grant funding. The surf lagoon closed in the summer of 2023 after a series of mechanical failures. But the hotel site - owned by Snowdonia Hotel...

in Commercial Property 2026-04-04 18:56

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