Commercial property is, once again, seen as an attractive investment as the market continues to pick up and this week LondonMetric confirmed that it has acquired Superdrug’s Doncaster distribution centre in a £13 million deal. The retail group purchased... Read More
Three years after rescuing a Park Avenue office tower from default Vornado Realty Trust has put the Manahattan property on the market. Vornado — which has a stake in more than 20m square feet of Manhattan office space — has instructed Eastdil Secured to... Read More
Central London office investment has now reached an all-time high, with the fourth quarter of 2013 becoming the highest grossing quarter on record. Investment volume peaked at £7.46 billion between the start of October and the end of December, increasing by... Read More
One of Washington’s landmark hotels has been sold and moth balled prior to a multi-million dollar redevelopment. Details surrounding the sale by Stanford Hotels Corporation of its L'Enfant Plaza Hotel in downtown Washington D.C. are still sketchy with new... Read More
Over the past nine months, the commercial property market has seen a marked rise in demand. UK property is very attractive to investors right now, with annualised returns of about 8.7 per cent forecast over the next three years. As the economy improves... Read More
Privatisation will pave the way for land and property sale An outsourcing company recently given clearance to bid for government contracts following a six month suspension, is the front runner for a £400m contract to manage the country’s entire military... Read More
Colliers International is inviting offers of £424m for one of its prestige Singapore seafront re-developments sites. The Collyer Quay site is currently occupied by The Arcade, a 20-storey retail and office complex. Completed in 1981, the building has three... Read More
Jamaica Inn hotel — Cornwall’s legendary coaching house immortalised in Daphne du Maurier's novel of the same name — is being sold for £2m. Included in the price is the desk on which the novelist wrote Rebecca and several of her other... Read More
The commercial property market has been showing positive signs of recovery for several months but the rise in the value of sterling is potentially unhelpful to the market, since it poses a threat to future growth. There has been a significant level of... Read More
Turkington Holdings — which made a loss of more than £25m in 2012 — has continued its sell-off strategy with the £2m disposal of a Northern Ireland leisure park. The sale of Eastpoint Leisure Park, near Dundonald, for around £2.2m is the latest... Read More
