The Luxembourg-based global investment group Flacks has paid £1m for a neglected German airfield it hopes to transform into an “emergency airport” and cargo hub. Cottbus Drewitz airfield is 50 miles east of Berlin and, because of its remote... Read More
Three Irish shopping centres are about to go up for sale as the market heats-up. Lloyds is preparing to sell the Douglas Court shopping centre in Cork, the Bloomfield shopping centre in Dun Laoghaire, and part of the Eyre Square centre in... Read More
IM Properties has sold a number of its German logistics properties to the multi-let investment management company Valad Europe for more than £21m. The sale follows the company’s recent unloading of a near-100,000sq metre Munich logistics facility to... Read More
New York property company Tishman Speyer has continued its acquisition of land parcels on Manhattan’s Hudson Yards development site by buying an adjacent plot that could that could see it constructing of one of the tallest buildings in the... Read More
Investors searching for rural land may be interested in taking advantage of a unique opportunity – a Lake District mountain is on the market for £1.75m. And if, if that is not enough to tempt potential buyers, the successful bidder will be entitled to use... Read More
After a year of off-loading a number of its assets, Development Securities has reported an impressive jump in its earnings. Pre-tax profits for the London-based group have risen from £792,000 to £19.5m. Development Securities £30m Hale Barns scheme... Read More
Blackstone — which already claims to be the world’s biggest property owner — has agreed to pay Ireland’s National Asset Management Agency €1.1bn (£904m) for a loan portfolio once controlled by developer Michael O’Flynn. Known as the... Read More
While demand for high street retail property remains mixed, there is no shortage of interest in retail parks and shopping centres, with British Land the latest to benefit from an upturn in the market. The property investment firm has this week... Read More
LaSalle International Management has been named as the preferred new owner for Warrington’s Golden Square shopping centre. Confirmation of the £115m deal comes just days after the release of new figures showing industrial property take-up in the Cheshire... Read More
A Tyneside laboratory site — opened in 1970 by technology minister Tony Benn — is being evaluated for sale by the engineering and electronics giant Siemens. The 25.3-acre plot, off Victoria Road West, Hebburn, was once occupied by a huge grey cube... Read More
