Russells Construction has secured a second deal with Motel One in Manchester to build a £17m hotel in Cross Street. The signing of the new contract follows the successful completion of a Motel One in the Piccadilly area of the city. The work on the... Read More
A West Yorkshire city site plagued by more than a decade of failed planning bids has finally been granted outline permission for a one-million square foot warehouse development. It's claimed the scheme could create as many as 1,500 jobs. Commercial... Read More
Investment in UK commercial property totalled £20.5 billion in the final quarter of 2014, research from Lambert Smith Hampton (LSH) reveals. This represents a 26 per cent increase on the previous quarter and the highest quarterly performance ever... Read More
A West Yorkshire-based hotel group looks set to double its property holding after a 20 per cent buy-in by property and investment company Commer Group. The Tadcaster-headquartered investor is refusing to say exactly how much acquiring the one-fifth... Read More
New York’s JFK International Airport will be home to the world’s only privately owned animal handling cargo terminal under the terms of a 30-year lease signed between Racebrook Capital and the Port Authority of New York (PANYNJ). Racebook is the developer... Read More
American private investment firm Starwood Capital has acquired four distressed London hotels and a luxury residential block once operated by serviced apartment provider Think. In August last year the firm issued a statement saying that some of the... Read More
During 2014, the US Consumer Price Index (CPI) increased by only 0.8 per cent. Recent figures released by the Bureau of Labor Statistics indicated that it went down by 0.4 percent in December. Much of the December decrease has been attributed to falling... Read More
The Canada Pension Plan Investment Board (CPPIB) has decided to make its first direct investment in San Francisco’s office market by purchasing a 45 per cent stake in 1455 Market St from Hudson Pacific Properties, Inc. The purchase price was reportedly... Read More
The issue surrounding the UK’s airport capacity has led to controversy, with the current phase pitting Heathrow against Gatwick in a bid to decide which of the South East’s airports should be granted a second runway. However, it seems that Heathrow may be... Read More
HSBC Private Bank has beaten off several heavyweight British and international bidders to acquire Scottish Widows’ Edinburgh headquarters for a private client. The £105m-plus office deal is a record for the city. The Port Hamilton building, in the... Read More
