Commercial Sales and Lets



Tishman Speyer Acquires The Q in Berlin

Posted on 8 August, 2015 by Jodee Redmond under Commercial Sales and Lets

Tishman Speyer has announced that it has acquired Quartier 205 (The Q) in Berlin. The property has been purchased for its European Core Fund. This is the second time that the leading develop has owned the property. Tishman Speyer originally developed... Read More

Land Securities Signs A Further 70,000 sq ft Of Lettings At New Ludgate

Posted on 7 August, 2015 by Cliff Goodwin under Commercial Sales and Lets

Land Securities has secured three new lettings at its landmark New Ludgate development — taking the central London scheme to 92 per cent full. New Ludgate is made up of two distinct buildings, One and Two New Ludgate, and was completed in April. The... Read More

Improving Conditions See Surge In Sheffield Office Market

Posted on 6 August, 2015 by Cliff Goodwin under Commercial Sales and Lets, Economy

Office take-up in Sheffield has almost overtaken last year’s total letting figure, according to Lambert Smith Hampton. But, warns the property management company, there has been a “significant” fall in the number of second quarter Grade A deals.... Read More

Latest Acquisitions Take Legal & General Property Spend to £372m

Posted on by Cliff Goodwin under Business News, Commercial Sales and Lets

Legal & General Property (LGP) has spent almost £160m in less than 24 hours to acquire a regional shopping centre and a west London office block. Adding the Grafton Centre in Cambridge and the capital’s First Central 200 (FC200) office complex to... Read More

Wellingborough Distribution Facility Sold for £29.2 Million

Posted on 5 August, 2015 by Chris Grigorovsky under Business News, Commercial Sales and Lets

LondonMetric Property Plc has announced the disposal of its 341,000 sq ft Wellingborough distribution facility in Northamptonshire for £29.2 million to an institutional investor, which reflects a net initial yield of 5.%. It was acquired back in June... Read More

Cording buys Salford Quays Office Complex

Posted on 4 August, 2015 by Neil Bird under Commercial Sales and Lets

Cording Real Estate Group has purchased the freehold of a prominent Salford Quays office complex in a joint venture with US private equity group HIG Capital International Advisors. The complex, called The Anchorage, was acquired from a private investor... Read More

LaSalle snaps up Kingsmead Business Park in £40m Deal

Posted on by Cliff Goodwin under Commercial Sales and Lets

LaSalle Investment Management, one of the world's largest real estate investment managers, has acquired a Thames Valley business park for a client in a £40m off-market purchase from a special purpose vehicle controlled by Clearbell and Patron... Read More

Almacantar completes £550m Forward Purchase of Shell Centre Offices

Posted on 3 August, 2015 by Neil Bird under Commercial Sales and Lets

Almacantar has completed the £550 million forward purchase of One and Two Southbank Place from Braeburn Estates, the joint venture between Canary Wharf Group and Qatari Diar, in the South Bank’s largest ever property transaction. Southbank Place is... Read More

Marcol snaps up NI Shopping Destination for just £2m

Posted on 30 July, 2015 by Cliff Goodwin under Commercial Sales and Lets

Northern Ireland’s trouble-hit Lisburn Square shopping centre — built fourteen years ago for £23m — has been sold for just £2m. Its new owner, property investor Marcol, says it intends to turn the piazza-style development into a prestige restaurant... Read More

INTERNOS Fund completes €33 million sale of Stockholm Office Building

Posted on 29 July, 2015 by Kirsten Kennedy under Commercial Sales and Lets, Worldwide Property News

INTRENOS Global Investors has completed the €33.2 million (£23.5 million) sale of a Stockholm office building to Mengus Twelve AB on behalf of the EURO OFFICE 1 fund. The seven-storey property, located at Råsundavägen 18-20 (pictured) in the Solna... Read More