Three is the magic number for Colliers’ IPM team

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The Birmingham office of property consultancy Colliers International has strengthened its Investment Property Management team with three new appointments.

Holly Jackson has joined as a surveyor. She is responsible for managing a national portfolio of properties consisting predominantly of retail parks, public houses and department stores.

David Chatten has been appointed as a graduate surveyor and property manager. His role includes assisting with the day-to-day management of Warwick Bar, a mixed-use regeneration site in Digbeth. Continue reading

Poundland weighs in to rating revaluation debate

One of the UK’s biggest high street retailers has backed calls for the Government to scrap the planned postponement of the business rates revaluation.

Discount retailer Poundland, which is headquartered in Willenhall, in the Black Country, has thrown its weight behind a campaign to reverse the decision by signing an online Government petition.

The company, which operates around 300 stores across the UK, including 55 stores in the Midlands, and employs around 10,000 people, said the decision to postpone the 2015 revaluation until 2017 was “reckless” given the current decline of the retail market and would only serve to continue the injustice of businesses paying inflated business rates in a depressed climate.

The retailer said it would also lead to more casualties on the high street, following the collapse of household names such as Clintons, Peacocks, JJB Sports and Comet.  Continue reading

Warwick Bar hosts funding seminar for creative businesses

Warwick Bar, the canalside regeneration project in Digbeth, is holding an event for cash-strapped creatives and small-medium enterprises seeking funding for business growth.

The scheme, which comprises 80,000 sq ft of business space, and is owned by ISIS Waterside Regeneration, is gaining a reputation as a growing arts and cultural destination.

Its tenant include a wide range of creative businesses, including Grand Union Artists Studios and Gallery Space, print company Printbots, picture framers Harris Moore Canvases, K4 Architects, Edible Eastside (urban growing with arts programme and pop up café).

On 25 October the developer will be hosting a workshop on funding sources. Continue reading

Colliers International UK acquired by FirstService Corporation

Tony Horrell, CEO Colliers International UK

Property consultants, Colliers International UK, has been acquired by FirstService Corporation and will operate as a wholly ownedsubsidiary of the company.

FirstService owns almost 90 per cent of Colliers International (by revenue) globally and through this acquisition the firm is able to ensure there will be no disruption in service to its clients or business activities.

As part of the deal, FirstService will assume Colliers International’s UK ownership interests in Ireland and Spain.

The UK management team remains unchanged, with Tony Horrell continuing as CEO of Colliers International UK & Ireland and as part of Colliers International’s EMEA Board and International Governing Committee.

Tony Horrell said: “We are delighted to now be fully integrated with Colliers International globally. This deal means that we have recapitalised the UK business and have the financial might of FirstService behind us, who intend to invest further 

in our business, as well as the global strength and depth of Colliers International to call upon. 

“We remain passionate about the UK, one of the world’s leading real estate markets, and our local clients will remain our uppermost priority.” Continue reading