Blackstone has sold its 50 per cent stake in Broadgate, the office and retail complex, at the heart of the City. The £1.7 billion sale comes four years after the US private equity firm paid £1.07 billion to buy its share from British Land. The identity of... Read More
Auctioneers are seeing more lots fetching higher prices as auction fever returns to London. A total of 156 property auctions were held throughout the United Kingdom in June and over 72 per cent of lots were sold, for a total price of almost £239... Read More
The new owners of the Lloyd’s Building are facing the prospect of losing their blue chip tenant after it emerged that Lloyd’s of London may quit the property due to rising maintenance costs. The insurance institution has been the sole tenant of the... Read More
The increasing stability of the UK economy has attracted a raft of international investors to the country, with London fast becoming the most sought-after investment location in the world. Yet while players from many different countries now have a stake in... Read More
British Land has bought the majority of the Paddington Central estate in London’s West End, a move which underlines widespread confidence in the potential of Crossrail to generate rental growth. The property group has invested £470 million to... Read More
Since the demise of JJB Sports, rival chain Sports Direct has been growing both its market share and commercial property portfolio. Chief executive Mike Ashley, who also owns Newcastle United Football Club, has increased the worth of the chain several times... Read More
Rochdale Exchange Shopping Centre has this week been placed on the market by Co-operative Insurance Services (CIS). The development contains 270,000 sq ft of retail space, an 850 space car park, Rochdale’s market hall and, additionally, an office unit... Read More
Good quality farmland could practically triple in value by the turn of the decade according to a leading consultant. Addressing the Cereals 2013 event in Lincolnshire James Brooke, of land agent Bidwells, forecast that top grade arable land could hit... Read More
Lord Sugar has hit the jackpot following the sale of a prime location Mayfair office block he bought just five years ago. The Apprentice supremo has reportedly made close to a £50 million profit on 2 Harewood Place after receiving an offer he couldn’t... Read More
Levels of investment in European commercial property in the first quarter were 4.4 per cent up on the same period in 2012 according to Cushman & Wakefield. The increased activity is supported by greater equity in the market and a willingness to take on... Read More
