18th October 2016
London Luton Airport (LTN) saw a +15.6% increase in passenger growth in September to a record 1.4m pushing the rolling 12 months total passed the 14m mark for the first time and auguring well for the duty free and travel retail offer which is being upgraded. In July, anchor retail tenant Lagardère Travel Retail, officially unveiled its core category store – the largest in LTR’s global portfolio at 1,670sq m – while the airport has also been upgrading the individual stores in the rest of the departures area with the addition of a new premium/luxury zone which was missing in the offer.
17th October 2016
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.
6th October 2016
Gatwick best meets Labour’s key airport expansion tests to deliver for Britain Links and economic boost come at a dramatically lower environmental impact Gatwick’s plan for balanced growth passes Labour’s tests with flying colours Gatwick Airport has today outlined how it best meets all four tests that the Labour Party put forward as a basis for assessing airport expansion plans. Last year, the Labour Party set out four key tests that any expansion of airport capacity must meet. Of the options being considered by Government, Gatwick Airport has shown it is best placed to meet these requirements and to help connect Britain to the future. Gatwick Airport CEO Stewart Wingate said: “Gatwick’s plan remains the best […]
26th September 2016
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.
20th September 2016
The UK commercial property market remains attractive to overseas investors despite the Brexit vote, according to new research. A recent survey of JLL’s global investor client base found that 72 per cent of overseas investors see the fall in sterling as an opportunity to invest in the UK, with over a quarter (27 per cent) of those saying it was an ‘immediate opportunity’.
16th September 2016
Theresa May will face renewed calls from business leaders next week to kick off the construction of a new runway in the south-east amid warnings that the UK is losing £1.1m every hour in international trade opportunities because of capacity constraints. Sky News has learnt that the lobbying group Let Britain Fly, which operates under the London First inward investment agency, is circulating a letter among private sector bosses calling on the Prime Minister to act swiftly on airport expansion.