Commercial Sales and Lets



BlackBerry to sell most of its Canadian Property

Posted on 24 January, 2014 by Cliff Goodwin under Commercial Sales and Lets, Worldwide Property News

BlackBerry — the trouble-hit Canadian smartphone maker — is putting the majority of its property holdings on the market in a bid to raise badly needed cash. The Ontario-based company said it plans to use a combination of vacant sales and sale-leaseback... Read More

English Farmland “Outperforming Gold”

Posted on by Cliff Goodwin under Commercial Sales and Lets

The price of English farmland hit a record high last year and is now almost a better bet than investing in gold, claims the latest Knight Frank Farmland Index. With last year’s 11 per cent rise, it now costs £6,882 to acquire an acre of agricultural land... Read More

Leeds Arndale Centre sold to New Investor

Posted on 22 January, 2014 by Kirsten Kennedy under Commercial Sales and Lets

Leeds Arndale Centre has been snapped up by the Schroder Real Estate Investment Trust in a deal worth £16.23 million. The 125,384 square foot shopping centre was placed on the market back in October of last year and garnered a reasonable amount of attention... Read More

Amsterdam Office Block Sale Sets 2013 Record

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

In what is claimed to be the biggest Netherlands real estate deal of last year, Philips Pension Fund sold an Amsterdam office block for €215m. Situated within the Amsterdam South Axis, the country’s most densely populated business district, the... Read More

Historic Chelsea Pub to Reopen Following Sale

Posted on 19 January, 2014 by Jodee Redmond under Commercial Sales and Lets

Two years after it was boarded up and squatters took over, an historic Chelsea pub is about to reopen. The Cross keys, which opened in 1708, is located between King's Road and Cheyne Walk and served its last pint in 2012. Notable former patrons include... Read More

Google makes first US acquisition of 2014

Posted on by Jodee Redmond under Commercial Sales and Lets, Worldwide Property News

Google has started 2014 by adding to its Palo Alto holdings. The new property, located at 1076 East Meadow Circle, is situated on about an acre of land. The company paid approximately $6.5 million for the 19,700 square-foot building. The search engine... Read More

Landmark Newcastle Pub for sale for £6.6m

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

One of Newcastle’s most iconic properties — built to symbolise the regeneration of the city’s Quayside — is on the market with a £6.6m price tag. The glass-fronted Pitcher and Piano pub and restaurant, originally commissioned in 1995 by the... Read More

Chinese Property Developer targets London for First Euro-Investment

Posted on by Cliff Goodwin under Commercial Developments, Commercial Sales and Lets

China’s state-owned property investment company firm has continued its worldwide buying spree by acquiring two London properties for £1.2bn. The Shanghai-based Greenland Holding Group — which owns projects in 65 Chinese cities and has now turned... Read More

Epic Buys into Washington Office Market

Posted on 17 January, 2014 by Cliff Goodwin under Commercial Sales and Lets, Worldwide Property News

Epic LLC — a division of the London-based property management company — has paid almost $53m for a Washington office block. The acquisition of the 10-storey building near Farragut Square makes Epic the most recent foreign investor in downtown DC... Read More

German Commercial Property Market Activity hits Six-Year High

Posted on 15 January, 2014 by Jodee Redmond under Commercial Sales and Lets, Worldwide Property News

Offices, warehouses, hotels and shops valued at 30.8 billion euros changed hands in Germany in 2013. This was the highest level since 2007, as buyers sought to take advantage of low interest rates and sellers benefitted from rising prices. Commercial... Read More