Office buildings in regional areas are becoming increasingly popular assets for property funds and firms as the number of start-ups in Britain continues to grow and expanding firms seek new premises. This has seen Legal & General Property snap up One... Read More
2015 is set to be the year that commercial investors truly reap the benefits of the recovering market, with the improved economy and growing business confidence paving the way for wide scale growth in regional areas. In Swindon, this has seen an ageing office... Read More
British Land has announced that it is has completed a £733 million exchange of its joint venture properties with Tesco. Under the terms of the deal British Land has sold its 50 per cent interest in the joint venture portfolio, which comprises 21... Read More
Zurich-based investment foundation AFIAA has added to its Washington DC portfolio with the acquisition of an ‘exceptional’ building in the heart of Chinatown. Arch Square, which provides approximately 55,000 sq ft of office and retail space, is... Read More
Last week, retail mogul Sir Philip Green made the monumental decision to sell his underperforming BHS department store chain for only £1 to a consortium of little known financiers and lawyers operating under the name Retail Acquisitions. Now, it seems that... Read More
Three of the UK’s best known seaside piers are up for grabs for a combined total of £12.6 million.The attractions - two in Blackpool and one in Llandudno – have been placed on the market by current owner Cuerden Leisure. Llandudno Pier, known as... Read More
A subsidiary of one of Canada’s biggest pension funds has paid more than £170m for a landmark office building in the City of London. Ivanhoé Cambridge — the real estate arm of the Caisse de dépôt et placement du Québec pension fund —... Read More
The fourth annual “Who Owns Central Birmingham” report, from property consultants GVA, reveals that around £670 million worth of investment was pumped into the city’s office and retail markets during 2014. The analysis, which focuses on over 1.5... Read More
Over two thirds of the commercial property stock in Mayfair and St James’s is ‘locked away’ and is unlikely to be sold ever again, new research from Bilfinger GVA reveals. According to the analysis, of the 251 properties exceeding 20,000 sq ft,... Read More
Privately owned property investor, Praxis Holdings Ltd, has confirmed the £16.1 million sale of the Iceni Centre office complex at the Warwick Technology Park to the Local Authorities Mutual Investment Trust (LAMIT). The deal reflects a sub 7 per cent... Read More
