Commercial News - Locations (November - 2013)

West Bromwich gives green light to new HQ November 4th- 2013

West Bromwich gives green light to new HQ
In a sign of improving business confidence, the West Bromwich Building Society has decided to go ahead with the construction of a new HQ building a few hunded yards from it's present monstrous pile on the High Street in West Bromwich. The Society suffered considerably from a too rapid expansion into commercial property lending before the recession... Continue

Intu dilemma exemplified in Nottingham November 5th- 2013

Intu dilemma exemplified in Nottingham
In it's interim statement this morning Intu Properties paints an improving picture of the UK retail scene.  A 15 month unbroken trend of increasing like-for-like non-food retail sales has encouraged more investment and as a result the IPD retail property capital value index has turned positive for the last two months. Despite this, footfall is dow... Continue

Sevenoaks office development sold to Development Securities November 12th- 2013

Sevenoaks office development sold to Development Securities
Tubs Hill House, a landmark office development in Sevenoaks, Kent has been bought by Development Securities  for £5.5 million, a 5.24% yield, from administrators acting on behalf of Lloyds Banking Group.The 1960's development consists of two 8 storey office towers of 64,800 sq. ft., connected at ground level by a central reception area. The site ... Continue

4th Staybridge Suites Hotel to open in Birmingham before Christmas November 14th- 2013

 4th Staybridge Suites Hotel to open in Birmingham before Christmas
Birmingham will see the opening of the fourth Staybridge Suites Hotel in the UK just before Christmas.The £14 million 168 suite Hotel will boost the choices for accomodation in the city. Centrally located at Martineau Place, opposite House of Fraser, the hotel brings new life back to Corporation Street, and brings back to use the former 1960's off... Continue

Southampton regeneration delivering new property across the city November 18th- 2013

Southampton regeneration delivering new property across the city
Southampton is seeing several developments out of the ground which will shortly bringing new property to the market. Tower cranes are dotting the Southampton skyline. While much of the new development work in the town is related to the University, like the £20 million cylindrical student accommodation building called the Swaythling, and the stude... Continue

New Lichfield pub one of 30 which Marston's will open in coming year November 21st- 2013

New Lichfield pub one of 30 which Marston's will open in coming year
Marston’s new pub restaurant in Lichfield, the Saxon Penny, opened this week and follows recent openings in Walsall and Coventry.Marston's Plc is growing it's estate in terms of quality, if not in absolute numbers. The firm has been adding around 10-15 new pub restaurants to it's estate every year recently, and it has it's own unique approach to ... Continue