Colliers: CVAs unlikely to save North West retailers from administration

Company Voluntary Arrangements (CVAs) are unlikely to save struggling North West retailers from administration according to new research from Colliers International.The Colliers’ study showed up to 10 store closures in Manchester resulted from CVA insolvency process and administrations in 2018, with a further five in Chester.Facing the need to shut sites and reduce ... Read More...

Is commercial property investment a savvy buy-to-let alternative?

Is commercial property investment a savvy buy-to-let alternative? Buy-to-let has become challenging in recent years and when the going gets tough, the tough buy shops, as Christine Toner discovers. Words by Christine Toner Unless you’ve purposely avoided any news on buy-to-let in recent years (and if you’re a landlord you could be forgiven for ... Read More...

Colliers makes Exchange Flags switch

The Liverpool office of real estate advisors Colliers International has relocated to Exchange Flags.The firm’s six-strong team has made the move to Walker House after “outgrowing” its previous India Buildings base.Colliers has taken 1,152 sq ft on the eighth-floor at the Exchange Flags office building in the centre of Liverpool’s ... Read More...

Chester named top city for hotel development

Chester is the top city in the UK for hotel development and acquisition, new research suggests.Commercial agent Colliers International’s latest UK Hotels Market Index ranks the North West location in first place, with Liverpool and Manchester in seventh and eighth respectively.The report assessed 34 locations to determine their suitability for hotel ... Read More...

Budget 2017’s business rates relief ‘too little, too late’

The business rates relief outlined in the government's 2017 Spring Budget is not extensive enough, according to North West commercial property leaders.Adam Burke of Colliers International's North West division describes Chancellor Philip Hammond's olive branch to affected firms as "too little, too late".He says: "The Chancellor’s Budget announcement on business ... Read More...

Northern Powerhouse investment is evidence of ‘momentum building’

The government’s £556 million Northern Powerhouse investment is “further evidence of the ongoing building of momentum” behind the concept, according to a North West expert.Prime Minister Theresa May announced the funding boost as part of an Industrial Strategy which was discussed during her first regional cabinet meeting yesterday (23 January).The ... Read More...