Monthly Archives: May 2015



Steward Building sets E1 Rent Record

Posted on 19 May, 2015 by Cliff Goodwin under Top Properties

Global property manager, TIAA Henderson Real Estate, has signed its first tenant at its landmark Steward Building in Spitalfields — setting a new record rent for the capital’s E1 district. Cognolink, a primary research provider that connects... Read More

London Developments contribute to Bumper Year for Land Securities

Posted on by Neil Bird under Business News

Following last week’s strong results from British Land, the UK’s largest commercial property company Land Securities has reported a doubling of its pre-tax profits in 2014/15 to £2,416.5m. The company also said its total business return to 31... Read More

Ipswich Central reveals Vision for Town’s Future

Posted on by Kirsten Kennedy under Business News

Plans unveiled this week by Ipswich Central, a Business Improvement District (BID) established in 2007, aim to safeguard the long-term future of the town centre by ensuring that it has a mixture of property uses. Ipswich Central’s “Vision” places... Read More

Summer “Bounce” forecast for UK Commercial Property Market

Posted on 18 May, 2015 by Kirsten Kennedy under Industry News

Commercial property investment in the UK remained buoyant in the run-up to the General Election. However, according to a new report by Cushman & Wakefield, the levels seen so far will be nothing compared to the activity expected during the summer months,... Read More

Orchard Street snaps up West End Office Building in £36.5m Deal

Posted on by Chris Grigorovsky under Commercial Sales and Lets

Orchard Street Investment Management has successfully acquired 64/76 New Oxford Street in a £36.5 million off market deal, on behalf of St James's Place Wealth Management. Jaro Real Estate purchased the mixed-use West End property in 2011 on behalf of... Read More

Cork’s One Albert Quay Development sold for £42m

Posted on by Cliff Goodwin under Commercial Sales and Lets

Irish property investment company Green REIT has confirmed it has conditionally agreed to buy an office building under construction in Cork city centre for up to €58m (£42m). Half the Albert Quay block has already been pre-let. With an early 2016... Read More

Highcroft scoops up Retail Park in Takeover Deal

Posted on by Cliff Goodwin under Commercial Sales and Lets

The off-market takeover of a property company has given an investment trust control of a Cambridgeshire retail warehouse park. Highcroft Investments — through its property owning subsidiary, Rodenhurst Estates — paid £8.5m to buy out all six... Read More

Allied London appoints agent for ‘Next Generation’ XYZ scheme

Posted on by Cliff Goodwin under Commercial Developments

Allied London has named the agent who will lead the campaign to attract tenants to its pioneering XYZ Manchester office building. OBI Property’s Will Lewis — who has worked with Allied since 2009 — is now on the hunt for commercial and retail... Read More

Trinity Leeds wins Las Vegas Design Award

Posted on by Neil Bird under Top Properties

Trinity Leeds hit the jackpot in Las Vegas over the weekend, as the Land Securities shopping centre scooped a prestigious industry award. The £400 million retail destination was presented with the 2015 Best-of-the-Best VIVA (Vision, Innovation,... Read More

New Guidelines may prevent Rural Conversion Schemes “Falling at First Hurdle”

Posted on 17 May, 2015 by Kirsten Kennedy under Industry News

Landowners seeking to convert agricultural buildings into residential accommodation under Permitted Development Rights (PDR) are accustomed to having the odds stacked against them - but, according to Bruton Knowles, this could be about to... Read More