Tesco Bank has signed for a whopping 103,000 sq ft at Quorum Business Park near Newcastle, but in our North East Focus I ask what rent and incentives are landlords agreeing to in order to get deals like this done?
The North East's office market is in danger of turning into a bargain basement for occupiers, and ask what all this means for developers with prime stock on their hands in core Newcastle city centre locations.
Liz Morrell looks at the North East's retail market, and specifically Capital Shopping Centres' extension to its Eldon Square in Newcastle. CSC is on target to open the 410,000 sq ft extension fully let next February, but what is the cost to the rest of the city's retail scene.
Elsewhere in our North East coverage, Simon Jack looks at the North East's struggling industrial market, while Adrian Morrison looks at investment and British Land's recent foray into Sunderland.
NORTH WEST
Meanwhile, in our North West pages, David Thame looks at Preston's Tithebarn regeneration in the wake of Grosvenor pulling out and leaving Lend Lease to go it alone. Despite Grosvenor's decision sending shockwaves through the market, David suggests that it could mean that Tithebarn will remain a large-scale project.
I speak to some of the region's leading developers including Peel's James Whittaker, Argent's David Partridge and Muse's Matt Crompton about their thoughts on the next cycle. I also take a look at investment in the region and whether the few investment deals which have been done of late herald a return of the market.
Melanie Clarkson takes a good look at the office market in Liverpool and Manchester, particularly English Cities Funds' decision to build speculatively in Liverpool. Happy reading!
Picture from Flickr courtesy of Paul Stevenson http://www.flickr.com/photos/pss/ / CC BY 2.0
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