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The Latest Breaking News from Colliers

Office fund lists prime Civic property after failed takeover bid

The sale price is expected to equal or exceed the current book value.

The Canberra Times

Property investment into Scotland reaches four-year high

Commercial deal volumes reached £1.3bn during the first half of 2022

Insider UK

South Shields hotel put on market for £1.65m by administrators hunting for a buyer

Around 100 jobs hang in the balance at The Sea Hotel which remains open while administrators weigh up options

Chronicle Live

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Administrators put North East seaside hotel up for sale with £1.65m price tag

The Sea Hotel went into administration last month but is open for business while a buyer is being sought

Birmingham Post

Demand for warehouses continues to surge despite pressure on consumers

Experts from real estate advisory firm Colliers said a boom in the third-party logistics sector has kept demand strong.

The Independent UK

‘Bengaluru leads office leasing market with a 30% share in Q2’

Office demand is expected to close at 40-45 million sq.ft. by the end of this year: Colliers

The Hindu

UK retailers eye overseas expansion after Covid curbs ease

Experts at real estate advisory firm Colliers said demand for UK locations from overseas firms has also lifted higher.

The Independent UK

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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

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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The Canberra Times

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.

Insider UK

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

Overseas investors accounted for around 60% of all activity

The Hindu

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 Independent UK

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.

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Bangkok Post

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.

Birmingham 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

Newcastle Herald

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.

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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