A North-East council is expected to make at least £10m when a series of city land and property sell-offs is completed later this month. Cash strapped Newcastle Council bosses ordered the disposal of land, commercial units and houses in a... Read More
Confirmation that the National Asset Management Agency (NAMA) is about to sell its final batch of hotel portfolios has prompted one Irish property expert to predict that 2015 will see hotel values reach a pre-recession high. "Hotel trading and the... Read More
Ireland has completed its best year on record for commercial property deals, with almost €4bn (£3.1bn) worth of transactions completed during 2014. Supported by an additional €17bn (£13.3bn) worth of commercial property-backed loans and €8bn... Read More
A Barnsley logistics and distribution centre has been sold for a total of £30m to a joint venture between Credit Suisse and Westmount Real Estate. The 492, 000 sq ft warehouse is currently let to bedroom, bathroom and kitchen supplier Symphony on a 25... Read More
Shopping centre acquisitions have slowed somewhat from the peak period in the middle of this year, yet investors remain keen to lay their hands on properties which could feasibly produce a large return. This has seen London based NewRiver Retail take... Read More
In the first 11 months of this year, the transaction value of commercial properties in China fell to a three-year low. Yung Ching Realty Group has attributed the decline to a move by several life insurers to focus on overseas property markets. Yung Ching,... Read More
Louisa Ryland House, which was placed on the market by Birmingham City Council in July, has been sold in a £7M deal to property development and investment firm Graftongate. Graftongate has not announced its plans for the building but an office scheme,... Read More
The De Vere empire has now been fully broken up, with United States private equity company KSL Capital Partners acquiring the final piece of the hotel group — the 28 property De Vere Village chain — for £480m. A former FTSE 100 listed company, De... Read More
The Defence Infrastructure Organisation (DIO) — which owns and manages the British military infrastructure — has sold the Old War Office where Sir Winston Churchill worked during World War II for an undisclosed sum. When the sell-off was first announced... Read More
Legal & General Property (LGP) has completed a deal to buy the entire Ocean Portfolio for £226.5 million, representing a net initial yield of 6.5 per cent. The Ocean Portfolio is comprised of 13 different sites located throughout the UK, although... Read More
