Calgary had a total return of 11.1 percent for the year ending June 30, according to the REALpac/IPD Canada Quarterly Property Index. This figure was high enough to make it the best in Canada. Edmonton, at 10.8 percent, and Toronto, at 10.1 percent, both... Read More
Investment in the West Midlands food and drinks sector remains strong with official data from Grant Thornton showing deals activity across the UK doubling in the second quarter. Within the West Midlands, soft drinks and wholesale and distribution... Read More
The Greater Manchester Property Venture Fund (GMPVF) — a sub-fund of the largest local authority pension fund in the UK — has retained commercial property specialists GVA to manage its investments. The seven year extension, awarded to GVA after a... Read More
The Singapore-based property group United Overseas Land (UOL) has made its first European investment with the acquisition of a landmark London hotel site. It paid £97m for Gerald Ronson’s Heron Plaza development in the City. The property tycoon was... Read More
The US Senate has agreed to extend a government-backed insurance scheme to compensate commercial property owners in the event of a terrorist attack. First introduced in 2002, the scheme was devised to calm the insurance markets after the 11 September... Read More
Wirral Waters is poised to become one of the largest redevelopment projects in the North West, with a number of schemes already underway. The latest addition to be granted planning approval by Wirral Council is the Tower Wharf building, which will add a total... Read More
As demand for office space spreads from London to the regions, local authorities have channelled funds and energy into examining increased possibilities for new developments. This has seen work begin on the demolition of Walsall’s Albion Tannery this week,... Read More
A North-East company charged with reinvigorating a county’s business community and economy has launched a survey to determine the region’s future commercial property needs. Wholly-owned by Northumberland County Council, with a mixed public-private... Read More
The faltering recovery in the holiday market is forcing one Irish bank to speed up the disposal of its hotel assets — with other lenders almost certain to follow. Ulster Bank has confirmed the hiring of agents CBRE and professional services company... Read More
Property developer and investor MEPC has completed a £430m deal to sell three of its UK business parks to a joint fund controlled by Oaktree Capital Management and Patrizia Immobilien. The three sites now in joint US and German hands are the 1.2m sq... Read More
