Monthly Archives: September 2014



Chancery Place Sale demonstrates Demand for Exposure to Regional Office Markets

Posted on 4 September, 2014 by Neil Bird under Commercial Sales and Lets

Manchester’s Chancery Place office building has been sold to NFU Mutual in a deal worth close to £60m. The 15-storey city centre tower, in the Upper King Street Conservation Area, was designed by award-winning HKR Architects and was completed in 2008.... Read More

Land Securities’ Mixed-Use Menu promises Variety in Victoria

Posted on by Neil Bird under Commercial Developments

The UK’s leading property company, Land Securities, has promised that its flagship Victoria development will be ‘a real mixed use scheme’ catering to the ‘growing needs of office workers' - and food is at the heart of it. Nova will provide... Read More

Upturn in Secondary Markets spurs Chippenham Shopping Centre Sale

Posted on by Kirsten Kennedy under Commercial Sales and Lets

Development Securities has acquired the Borough Parade shopping centre in Chippenham from a joint venture partnership between Clearbell Capital LLP and Tristan Capital Partners. Development Securities paid a little over of £16 million for the 87,000... Read More

Another Birmingham Office Deal confirmed as Demand Intensifies

Posted on 3 September, 2014 by Kirsten Kennedy under Commercial Sales and Lets

Birmingham office property is in demand as the supply of top quality space sinks to its lowest level in over a decade. This has seen an increased amount of market activity as domestic and overseas investors compete for opportunities in the city as economic... Read More

Improving Regional Markets boost Mucklow Profits

Posted on by Cliff Goodwin under Industry News

A and J Mucklow — the largest Stock Exchange listed investment property company in the Midlands — has reported a 150 per cent surge in its annual profits. 81-year-old firm, which went public in 1962, has also seen the value of its portfolio... Read More

First Phase of Hull Enterprise Zone Completed

Posted on by Kirsten Kennedy under Commercial Developments

Eight years ago, the closure of Humbrol’s model making factory in Hull led to a dip in employment in the region and left a major industrial unit in a state of disrepair whilst talks took place regarding its future. Fortunately, a solution was found and this... Read More

Buoyant NI Office Market setting ‘Lively Pace’

Posted on by Cliff Goodwin under Industry News

A stream of high-profile autumn deals is expected to drive the Northern Ireland commercial property market at a “lively pace”, according to a CBRE survey. A combination of prestige properties coming to the market and banks clearing their property... Read More

Davies Commission rejects ‘Boris Island’ plans

Posted on 2 September, 2014 by Kirsten Kennedy under Commercial Developments

The question of how to cope with the UK’s need for additional airport capacity has been one of the most contentious issues facing politicians of late, with owners of both Heathrow and Gatwick airports each pushing the Government’s Davies Commission to... Read More

Slowdown in Manufacturing Growth raises renewed fears for Recovery

Posted on by Kirsten Kennedy under Economy

Since the end of the recession the manufacturing sector has been one of the most consistent drivers of growth, and has fuelled demand for industrial and warehouse property. However, the last few months have seen growth in manufacturing begin to slowdown... Read More

Fujifilm acquires “eyesore” Billingham Site

Posted on by Cliff Goodwin under Commercial Sales and Lets

A decade-long legal wrangle to recover the cost of bulldozing an “eyesore” Teesside office block has taken an unexpected turn after the site was acquired by an American drug manufacturer. The former ICI headquarters building on Billingham’s... Read More