Author: Scott Dylan

Office rents in Bristol are soaring due to mounting demand for high-quality spaces amid limited supply. This trend is reshaping the city’s commercial property landscape.The Bristol Office Agents Society reports record-high headline rents, now at £48 per square foot, as businesses focus on securing Grade A offices.The demand for Grade A office spaces in Bristol has substantially increased, leading to a significant rise in rent prices. Currently, headline rents have reached £48 per sq ft, marking the highest among the UK’s major cities. This rise is attributed to several large deals, including a 20,365 sq ft letting at One Temple…

CyberPowerPC has embarked on its third relocation within Gateshead, moving to a new 43,000 square foot facility. This move signifies the company’s robust growth trajectory under Managing Director Brian Lin’s leadership.With its origins in the United States, CyberPowerPC has firmly established its presence in the UK, supported by industry giants such as Intel, AMD, Nvidia, Asus, and Microsoft. The UK operation has expanded significantly, now employing over 50 staff.CyberPowerPC’s latest move to a larger facility is in response to the burgeoning demand for gaming PCs and other computer hardware, catalysed by the global pandemic. The increase in home-based activities has…

In recent weeks, several notable appointments and promotions have taken place across prominent companies in the North East of England. This dynamic region continues to see significant personnel changes that reflect growth and strategic vision.From legal roles to corporate finance, these appointments highlight the diverse opportunities and career advancements available in the North East. The following sections provide insights into these significant personnel moves and what they mean for the involved organisations.OnPath Energy’s Strategic AppointmentRenewable energy developer OnPath Energy has made a strategic addition to its executive team with the appointment of Ashley Wright as general counsel. Bringing over thirty…

The transition period following election results can be daunting for former MPs. Recent data focuses on the severance packages available to those leaving office.Many MPs now face the task of winding up their offices and handling staff redundancies. Here, we explore the financial compensations that are on offer.Understanding Redundancy PackagesFor MPs who did not retain their seats, the Independent Parliamentary Standards Authority (IPSA) outlines specific redundancy terms. These terms ensure that both MPs and their staff are fairly compensated for their service. MPs are entitled to a ‘winding up’ payment, which equates to four months’ salary, easing the transition back…

The recent landslide victory of the Labour Party is seen as an opportunity to boost consumer confidence in the UK.Andrew Goodacre of Bira highlights the need for urgent economic growth and business rate reform.Keir Starmer’s government is expected to prioritise small retailers’ discounts amidst weak consumer confidence.Election outcomes have affected retail sales due to unseasonal weather and economic uncertainty.Labour’s victory could provide stability after political turbulence, according to retail industry voices.The Labour Party’s substantial victory in the recent general election presents a crucial opportunity to enhance consumer confidence across the United Kingdom. Following the election, Andrew Goodacre, CEO of the…

The recent Labour Party victory in the general election has garnered varied reactions from the fashion retail industry.Many industry experts see this political shift as a chance to address key economic and regulatory challenges.Retail leaders hope for reform in business rates and the re-establishment of tax-free shopping to invigorate the sector.Labour’s promises include addressing retail crime and supporting high street businesses in the UK.With Labour in power, the sector anticipates policies that align with the industry’s growth and sustainability.In a significant turn of events, the Labour Party secured over 400 seats in the recent general election, an outcome expected to…

This article explores the recent trend of retailers becoming landlords, highlighting the strategic property acquisitions by Frasers Group and Ikea.Frasers Group expands its property portfolio with the acquisition of Frenchgate shopping centre in Doncaster.Shopping centre prices have decreased by up to 90% over recent years, making them attractive investments.Retailers aim to leverage their brands to reposition shopping centres and boost profitability.This trend signifies a strategic shift in how retailers engage with high street and regional town centre development.The Frasers Group has made headlines with its acquisition of the Frenchgate shopping centre in Doncaster, marking its third property investment following The…

The British Retail Consortium (BRC) emphasises urgent reforms to the planning system and business rates.UK footfall decreased by 2.3% in June, following a larger decline in May.Shopping centres and high streets saw the most significant drops in footfall numbers.Retailers are hopeful that summer events will improve consumer visits.BRC advocates for policy changes to stimulate local high street recovery.In June, the UK experienced a 2.3% decline in total footfall, reflecting ongoing challenges in the retail landscape. This decrease followed a 3.6% drop in May, highlighting a trend that is causing concern among retailers nationwide.Shopping centres faced the most significant year-on-year decline…

The US-based Vantage Data Centres has announced plans to demolish the former Ford engine plant in Bridgend. This initiative is aimed at repurposing the site for a cutting-edge data centre.Site Acquisition and Demolition PlansThe Bridgend Ford engine plant, located at Waterton Industrial Estate, has been acquired by Vantage Data Centres, a US-based company known for its data storage solutions. This acquisition marks a new chapter for the site, which had been a pivotal part of the local community until its closure in September 2020. Vantage has proposed demolition plans as part of its strategy to repurpose the site into a…

In a decisive political shift, Labour has won the 2024 general election, ending 14 years of Conservative leadership.Labour secured more than 400 out of 650 seats, significantly outperforming their previous count of 210 seats.Keir Starmer, Labour leader, celebrated the victory at Tate Modern, promising an era of hopeful change.Following the election, financial markets responded positively with minor increases in sterling and the FTSE indices.Labour’s manifesto promises to overhaul business rates and improve access to apprenticeships and training.In a decisive victory, the Labour party has secured over 400 seats out of the available 650 in the recent general election. This outcome…