British Land and new joint owners GIC have unveiled plans to redevelop Broadgate, the 32 acre office and retail complex in the City of London. The plans follow the acquisition of a 50 per cent stake in the estate by GIC from Blackstone which is... Read More
A 48-acre Edinburgh development site has sold for 50 per cent over estimate, reflecting the strength of Scotland’s recovering property market. Jones Lang Lasalle had valued the 48-acre plot and an adjacent 60,000sq ft building at £10m in response to... Read More
Scotland Yard — the backdrop to thousands of crime stories and hundreds of film and television mysteries — is being converted into a £10,000-a-night luxury hotel. The Grade II listed former headquarters of the Metropolitan Police is one of a... Read More
Commercial property investors in the United Kingdom are prepared to take on more debt for new transactions as the market recovery heats up. The average loan-to-value ratio sought by investors increased to 58.3 per cent in Q3 of the year from 43.6 per... Read More
The sale of a half-empty Manhattan building — for less than $1m of its pre-recession price — is being seen as the final hurdle in the American commercial property market recovery. The six-storey office block at 246 Fifth Avenue was bought at... Read More
The Kuwaiti real estate conglomerate, St Martins Property Group, has purchased the prestige More London development from London Bridge Holdings for a reported £1.7bn. London Bridge originally announced it intended to refinance the Thames-side... Read More
More than 30 bids have been received for the multi-billion Euro sell off of property loans issued by the now defunct Anglo Irish Bank. The Anglo Irish interest in the Whitgift Centre is also for sale The two commercial property loan portfolios —... Read More
London’s Elephant & Castle shopping centre has been purchased by developer Delancey for a sum of £80 million. The firm intends to transform the 1960s concrete mall as part of its South Village scheme, with the property, once described as an... Read More
With sunny weather bringing record numbers of tourists to the UK in the summer, retailers and leisure businesses in seaside towns especially will be looking forward to 2014 and hoping to build on these positive foundations and encourage growth in regional... Read More
In its first venture outside Indian property company Lodha has purchased the Canadian High Commission building in London for £306m. The Mumbai-based group beat off six rivals — including bidders from the Middle East, Asia and Russia— to snap up... Read More
