Monthly Archives: May 2015



Ivanhoé Cambridge completes third City of London acquisition in Six Months

Posted on 6 May, 2015 by Neil Bird under Commercial Sales and Lets

Ivanhoé Cambridge has completed its third City of London acquisition in the past six months, following the announcement that it has paid an undisclosed seller around £130 million for 21 Lombard Street. 21 Lombard Street is a prestigious building just... Read More

Town Centre Securities appoints Shepherd to Merrion House Project

Posted on by Kirsten Kennedy under Top Properties

Town Centre Securities has confirmed the appointment of built environmental specialist Shepherd to carry out pre-construction services at Merrion House in Leeds city centre. Shepherd was awarded the contract after a highly competitive bidding process,... Read More

HSBC will consider UK exit by End of the Year

Posted on 5 May, 2015 by Kirsten Kennedy under Business News

As the regulations surrounding High Street banks continue to grow, many are now seeking to comply with the “ring fencing” rule by establishing separate headquarters for their personal and business divisions and their investment arms. However, today... Read More

The Crown Estate announces £3.29m Crowngate acquisition as Wildwood joins Restaurant line-up

Posted on by Kirsten Kennedy under Commercial Sales and Lets

The Crown Estate has announced that it has agreed to purchase the long leasehold interest to 35-40 Friary Walk, a 32,000 sq ft retail property in Worcester’s Crowngate Shopping Centre. The Crown Estate already owns the freehold rights to the... Read More

Major Retailers lined-up for Sutton Coldfield site following sale to JV Developer

Posted on by Cliff Goodwin under Commercial Sales and Lets

The stalled redevelopment of a West Midland’s town centre looks set to start this year after the site was sold in a £6.4m deal — with more than 50 developers and investors scrambling to buy the “oven ready” plot. Salmon Harvester Properties... Read More

Tritax adds to Big Box Portfolio

Posted on by Cliff Goodwin under Commercial Sales and Lets

A global fashion chain has had one of its two national and European distribution centres in Staffordshire bought by a real estate investment trust. Tritax Big Box paid more than £30m for the logistics warehouse, one of two adjoining properties at... Read More

UBC opens new Birchwood Business Centre

Posted on by Cliff Goodwin under Industry News

One of the UK's leading serviced office space providers — which already offers commercial facilities to more than 500 enterprises — has opened its tenth centre in an established Cheshire business campus. Solihull-headquartered United Business... Read More

Stoford cashes in on upturn with Impressive Project Pipeline

Posted on 4 May, 2015 by Cliff Goodwin under Commercial Developments

Stoford, the privately owned development company, has amassed a project pipeline of 18 commercial and industrial warehouse schemes totalling more than 10-million sq ft. If laid side by side the sites would cover 700 acres. The Birmingham-headquartered... Read More

Runcorn Shopping Centre “fully let by Christmas”

Posted on by Kirsten Kennedy under Business News

The reining in of new store openings and closure of many established stores has had a hugely negative effect upon numerous regional shopping centres, with Runcorn Shopping Centre being particularly hit by the losses of Tesco, B&Q and Homebase in the past... Read More

Strong Early Interest shown in Manchester’s London Road Fire Station

Posted on 3 May, 2015 by Chris Grigorovsky under Commercial Sales and Lets

Manchester’s London Road Fire Station is finally being put up for sale ending years of wrangling over its future – and it is already attracting enquiries. The listed building, which is on English Heritage's at-risk register, will now be marketed to... Read More