As councils nationwide continue to cut costs as a means of patching lowered budgets, developers are increasingly able to capitalise upon a growing supply of commercial assets appearing on the market. In Coventry, the city council has now confirmed that it... Read More
Investment in UK commercial property totalled £20.5 billion in the final quarter of 2014, research from Lambert Smith Hampton (LSH) reveals. This represents a 26 per cent increase on the previous quarter and the highest quarterly performance ever... Read More
American private investment firm Starwood Capital has acquired four distressed London hotels and a luxury residential block once operated by serviced apartment provider Think. In August last year the firm issued a statement saying that some of the... Read More
The Canada Pension Plan Investment Board (CPPIB) has decided to make its first direct investment in San Francisco’s office market by purchasing a 45 per cent stake in 1455 Market St from Hudson Pacific Properties, Inc. The purchase price was reportedly... Read More
HSBC Private Bank has beaten off several heavyweight British and international bidders to acquire Scottish Widows’ Edinburgh headquarters for a private client. The £105m-plus office deal is a record for the city. The Port Hamilton building, in the... Read More
In a multi-million pound deal, property investors in Dubai have acquired Birmingham's Radisson Blu Hotel out of administration. The 39-storey property's assets and business was bought by Royal Gulf Ltd, a firm that is part of Dubai based real estate... Read More
Property investment company Riverside Capital has sold the 02 Academy in central Birmingham to an unnamed private investor for £3.15 million, representing an initial yield of 6.9%. The Bristol Street property is currently let to the Academy Music Group... Read More
Investors remain keen to snap up regional assets promising high returns, and this has allowed companies looking to condense or overhaul their portfolios to benefit hugely. One such company is developer St Modwen, which has this week agreed a deal to sell its... Read More
An 89,000 sq ft office block overlooking Bristol's floating harbour has been acquired by Aviva Investors from German asset manager IVG Immobilien AG. The price paid for the King's Orchard building in the heart of the city's business district has not been... Read More
Although the London commercial property market has proven immensely strong since the end of the financial crisis, in the years to 2013 it was yet to reach the heights of the pre-recession peak in 2007. However, in 2014 overseas investors and a growing number... Read More
