Park First has praised news of a £300 million development set to be built next to its Luton airport car parking site has been given the green light. The council has given the go-ahead for the former Vauxhall car plant site to be turned into a mixed-use development featuring apartments, a hotel, medical centre, park, retail and leisure complex – as well as Luton’s tallest building. The site is adjacent to Park First’s Luton car parking site, which serves London Luton Airport customers under the Swift Park brand. The Napier Gateway development – scheduled for completion in 2020 – is the brainchild of J2 Global, who are gearing up to start work on the 24.5 hectare […]
A “tram-train” system has been chosen as the preferred option for a long-awaited Glasgow Airport rail link. The £144million project, which could be operational by 2025, would see carriages run on existing rail tracks between Glasgow Central station and Paisley Gilmour Street, before moving to on-street tram tracks running to the front of the main airport terminal.
London Gatwick Airport has responded to the government’s decision to favour Heathrow expansion, with a strong message about its own future. Gatwick – the UK’s second busiest airport and the world’s most efficient single runway airport with 42 million passengers a year – maintains it has a strong case for expansion. The airport’s management argues a new runway at Gatwick is the cheaper, quicker and more environmentally friendly option over expanding Heathrow.
Park First has announced that as of today, Thursday 13 October 2016, 100% of its year three and four Glasgow Airport investors are now receiving returns of 10%. This news comes a year after the announcement that the first ever group of Park First investors entered their third year in September 2015, receiving returns of 10%. Now, those investors have entered the fourth year of their investment and continue to receive returns of 10%.
Some 40% of business owners and small businesses in the UK expect buyers and sellers of houses to hold back until there is greater clarity on the impact of Brexit. Of these, 30% expect house prices to fall by 5% over the next year and 11% believe prices will fall by 10% over the next 12 months, according to the latest Owner Managed Business (OMB) Barometer published by Bank of Cyprus UK.
New research from JLL suggests there is cause for optimism in major real estate markets, despite the intrusion of political events such as the U.S. presidential election and the UK’s proposed exit from the European Union. JLL’s latest Global Market Perspective report for Q3 2016 shows the results of the anticipated slowdown of investment volumes, but resilience in the most reliable measure of future demand – occupier sentiment.