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The Latest Breaking News from Colliers

Gold Coast's 'bright future' challenged 'astronomical costs' and stalled developments

Beyond its idyllic beaches and perfect weather, there's a $20 billion reason why 120,000 people are expected to move to the Gold Coast by 2032. But that migration presents some big problems for the city.

ABC News

Central Otago town hits pay dirt

Cromwell’s council is cashing in on rising land values to fund a suite of civic amenities costing tens of millions of dollars leaving its ratepayers among the least-indebted in the country.

Newsroom.co.nz

Bristol office building Hannover House attracts new occupier

London Stock Exchange listed financial services firm Alpha FX is the fifth company to take space at the building

Birmingham Post

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The incredible shrinking lease: Some Seattle-area firms shun long-term contracts as office return stalls

Adam Wray isn't keen on paying for office space that he no longer needs.

Tribune News Service

Park Holidays buys two sites off Christies Parks

The holiday parks at Lossiemouth and Burghead were on the market at a guide price of £9m

Insider UK

Glasgow city centre has secured its position for having the second highest ranking commercial venues in UK

Edinburgh entered the top 10 this year, rising four places against the 2019 data

Insider UK

Downtown Seattle considers a future with lots of tourists and few office workers

Like many small businesses in downtown Seattle, the Pure Food Fish Market has had to adjust to an economy that's still missing some of its pre-COVID-19 players.

Tribune News Service

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ACT govt to sell Northbourne Ave land for residential development

The land has been vacant for several years after an attempt to sell it in 2019 fell over.

The Canberra Times

Retail investment drives Scottish capital markets as lack of supply hits offices and industrial

Overseas investors accounted for around 60% of all activity

Insider UK

Hyderabad giving Bengaluru a run for its money: KTR

Ambition is to compete with the best in the world, Minister says at Colliers office opening

The Hindu

Demand for warehouse space continues to soar as online boom lifts prices

New figures from property experts at Colliers have revealed that take-up and prices for logistics space have continued to increase.

The Independent UK

Bangkok condo market sees Q1 surge

Bangkok's condo market revived in the first quarter, with newly launched supply and the sales rate soaring to the highest level in several quarters, according to property consultant Colliers Thailand.

Bangkok Post

North East deals of the week: key investments, contracts and acquisitions

Firms and organisations announcing deals this week include CMS, Dynamo, Felmoor Park and Hirestreet

Birmingham Post

Wests sells out of city towers development

Wests announced plans in 2019 for two 14-storey towers on a triangular wedge of land in King Street now occupied by the Wests City car park.

Newcastle Herald

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Tribune News Service

Silicon Valley office vacancy improves for first time since COVID outbreak

SAN JOSE, Calif — The office vacancy rate in Silicon Valley improved during the first three months of 2022, a sign that the office sector is starting to recuperate from coronavirus-linked maladies, a new report indicates.

Birmingham Post

New role for former Mailbox chief and more property appointments news

David Pardoe leaves city centre shopping mall after 14 years, deputy manager joins Grand Hotel and estate management firm hires apprentice

Birmingham Post

DeTrafford puts planned £80m Salford Quays scheme with hundreds of apartments up for sale

Planning consent was granted in December 2019

The Times of India

Cost of construction up 10-12% YoY; surging cement, steel prices likely to push up real estate prices

In the last one year, the cost of construction has gone up by 10-12 percent, owing to higher input cost due to supply-side constraints.

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The Hindu

Colliers appoints Kanchana Krishnan as MD, Chennai

Kanchana is a ground-breaker in a traditionally male-dominated industry: Colliers

Bangkok Post

Investors snap up Hong Kong hotels for conversion to long-term leasing, student accommodation

HONG KONG: International funds and local investors are snapping up hotels in Hong Kong with the intention of converting them for long-term leasing and student accommodation as the outlook for the city's tourism industry remains uncertain.

StockNews.com

3 Real Estate Services Stocks to Scoop Up Now

Historically low mortgage rates and the remote working culture fueled real estate demand last year. And with the hybrid work model still picking up pace, the real estate services industry is expected to continue to witness robust demand. So, we think it could be wise to bet on quality real…

Insider UK

Scottish commercial property growth to 'moderate' during 2022

The industrial sector led growth across all market segments last year

Dublin Live

Ireland's most expensive home on 'premier road' in Dublin 4 sold for huge price

No 73 Ailesbury Road in Ballsbridge, Dublin 4, went on sale last September for a cool €14 million and boasts leafy gardens and its own lift

StockNews.com

Forget Redfin, Buy These 3 Real Estate Services Stocks Instead

The real estate services industry has benefited from bullish trends throughout the COVID-19 pandemic, thanks to overwhelming demand for living space in an extensive and growing remote culture. Because the hybrid work culture continues to gain traction, the industry is expected to witness further demand. However, we think Redfin’s (RDFN)…

Insider UK

Scottish commercial property investment increases to £2.2bn in 2021 - Colliers

The figure represents an increase of almost 50% on the £1.4bn recorded in 2020

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