Commercial Sales and Lets



MMU places iconic Toast Rack on the Market

Posted on 27 March, 2014 by Neil Bird under Commercial Sales and Lets, Top Properties

Manchester Metropolitan University (MMU) has placed the Hollings Building on the market as part of an ongoing strategy to consolidate its campuses. No guide price has been given for the Wilmslow Road property - which is widely known as the Toast Rack due to... Read More

Royal Bidders enter Race for London Octopus

Posted on 26 March, 2014 by Kirsten Kennedy under Commercial Developments, Commercial Sales and Lets

Few commercial developments prove as divisive as the forthcoming London Octopus building in Chiswick. To the architects, it is “part building, part sculpture” – a project which sets new standards in architectural ambition. To its opponents, it’s a... Read More

European Commercial Investment to Remain High in 2014

Posted on 23 March, 2014 by Jodee Redmond under Commercial Sales and Lets

2013 saw the highest pan-European commercial real estate investment volume since 2007 with approximately €141 billion was transacted. This amount represents a 21 per cent rise over 2012 figures, according to a recently-released investment bulletin from... Read More

Tiny Hong Kong Shop sets Record Sale Price

Posted on 22 March, 2014 by Cliff Goodwin under Commercial Sales and Lets, Worldwide Property News

A tiny Hong Kong shop has become one of the most expensive commercial properties in the world after changing hands for almost £14m — around £106,000 per square foot. The 130sq ft store on Matheson Street, which sells audio and visual equipment,... Read More

A Third of Birmingham City Centre in Overseas Ownership

Posted on 18 March, 2014 by Cliff Goodwin under Commercial Sales and Lets

Almost a third of commercial property in the heart of Birmingham — over four million square feet — is under some form of foreign control, claims a new report. Compiled by real estate management consultancy GVA, the Who Owns Central Birmingham?... Read More

Dundee Shopping Centre sold for £125.3m

Posted on 13 March, 2014 by Kirsten Kennedy under Commercial Sales and Lets

Shopping centres are hot properties on the market at the moment, with an improvement in consumer confidence and a desire by multiple retail and leisure chains to expand fuelling profits for owners and investors. As a result, prices for high profile deals are... Read More

Morrisons to sell £500m of its Properties as Profits Slide

Posted on 12 March, 2014 by Cliff Goodwin under Commercial Sales and Lets

Embattled Morrisons will lay bare the impact of a tough year this week when its annual report is expected to reveal a plunge in profits. The supermarket group has already confirmed it plans to offload almost £500m of its property assets including shopping... Read More

Super-Rich turn to Commercial Property in search of Higher Returns

Posted on 11 March, 2014 by Cliff Goodwin under Commercial Sales and Lets

As wealth levels rebound after the financial crisis the world's mega-rich are turning their back on luxury mansions and investing in hotels and office blocks, new research claims. The shift into commercial property — and investments that offer higher... Read More

Scottish Farmland Prices hold steady says Report

Posted on 10 March, 2014 by Jodee Redmond under Commercial Sales and Lets

According to figures released by RICS, the price of Scottish farmland remained steady throughout the second half of 2013. The average price of land averaged £3,750 per acre. Furthermore, more than 80 per cent of surveyors anticipated a rise in prices during... Read More

SA Approval for £335m Growthpoint Acquisition

Posted on 9 March, 2014 by Cliff Goodwin under Commercial Sales and Lets, Worldwide Property News

The South African Competition Commission has approved the £335m sale of the Tiber Group’s management business and real estate portfolio to Growthpoint Properties. The 27-property portfolio spans more than 320,000sq metres of prime office space,... Read More