Scarborough economy gets a boost with water park re-opening
Mitie acquires Scunthorpe-based ESM Power
Spencer bridge team wins award for work to preserve historic ‘international’ bridge
Draft designs approved to change the face of Cleethorpes
- arrival space at Sea Road/Alexandra Road junction, creating a welcoming space to the gardens;
- events zone to support a mixture of activities/events that could take place;
- play/recreation zone which would consist of a larger central space and provide a mixture of activities for young and older children alike;
- reflection zone at the Sea View Street end of the gardens supporting the existing armed forces memorials that are situated there.
New Chair for Boston Town Board
Expanding childcare group buys Sheffield nursery
Rotherham Council to approve updated plans to transform Dinnington and Wath
Rotherham Council Cabinet is set to approve updated plans for two projects that will transform Dinnington and Wath.
- A new state-of-the-art library, for learning, working and making
- New commercial spaces to attract business
- Improvements to green spaces
- Improvements to the Biscay Way car park
- The proposed project at Wath includes demolition of the existing library and the creation of a brand-new library to create a modern, inviting, and inclusive community facility. The library will be equipped to support skills development locally with purpose-built learning, working and making spaces.
Major regeneration of Mexborough planned
- Street and shop frontage enhancements, including upgraded CCTV and street lighting.
- Celebrating the town’s heritage and future with new public art.
- More green and social spaces, including a new ‘pocket park’ with trees, planting and seating areas as well as landscaping at the site of the former flyover and the bus interchange.
- Relocation of Bus interchange to bring buses into the town centre and create additional car parking on the former bus interchange.
- Improving access into the town centre for vehicles including buses, by creating a new junction from Greens Way on to Station Road and Bank Street.
- Reallocating space on part of the dual carriageway to provide a safer environment for pedestrians and cyclists, including upgrading the crossing facilities and adding trees and landscaping supporting a reduction in speeding and providing a safety buffer. This will also enable the junctions at each end to manage capacity and not be over saturated as occurs on occasions now.
Leeds aerospace distributor buys six acres of land
Mayor urges government to back Harrogate College rebuild
Sheffield Forgemasters seeks planning for new facility in Sheffield’s Meadowhall district
John Good Group opens new offices in Hessle
South Yorkshire football ground to continue as ‘MEPS International Home of Football Stadium’
Bradford-based food group expands further with a slice of cheesecake market business
Housing association Chief Exec calls for political unity over homebuilding
Manraj lands Director role with Quantuma
Google returns to York to talk AI with city’s businesses
For the second year running, York has hosted a meeting of medieval architecture and cutting edge technology as local businesses boosted their digital skills with Google.
Pukka Pies signs up for another year with Sheffield FC
West Yorkshire still features amongst local authority areas doing most commercial property deals
This is the first time the number of £1bn+ local commercial real estate markets has dropped into single figures since comparable records began in 2017.
Andrew Lloyd, MD of Search Acumen, said: “Our analysis points to a persistently flat picture for commercial property growth since 2021. Debt, interest rates, and investment returns and opportunities continue to bite commercial markets, leaving some investors hesitant to commit until they are confident in a healthier forecast ahead.
“Whilst these figures are disappointing for the economy, the real estate industry is adept at navigating periods of uncertainty, often using these times to strategise and capitalise on emerging opportunities. We know there are some pockets of investment thriving, focusing on the fundamental strengths of prime assets and emerging opportunities in sectors such as technology and life sciences. This selective approach to investment underscores the importance of detailed, reliable property data in informing strategic decisions. For those of us in the property data and search sector, this reinforces the need to continue innovating to provide fast and effective tools that enable transactions to happen swiftly and confidently in a sensitive market.
“For transaction volumes in particular, it is also important to view this development in the context of wider industry delays. Over the past two years, we’ve witnessed a dramatic reduction in the number of conveyancing companies, creating a bottleneck among those that remain. This consolidation may now be stabilising, allowing the surviving firms to adapt and potentially expand their capacities to meet the growing demand, something which may be more reflective in HMLR figures later in the year.
“Looking ahead, whilst the election’s outcome will undoubtedly have a substantial impact on broader economic policies that could either stimulate or stifle property market activity, the wheel of fortune also lies in the hands of the Bank of England as the industry waits with bated breath for interest rates to reduce. If this happens, by the end of 2024 we may well see an injection of energy into the sector and more billion-pound districts emerge.
“Until then, it will be vital for a new Government to bolster the amount of money flowing into the UK commercial property sector if it is to successfully oversee a continuation in economic growth. Policy and industry must work together to enable the sector to bounce back from its cycle low.”