Monthly Archives: May 2015



High occupier demand anticipated for latest Urban Splash scheme

Posted on 14 May, 2015 by Neil Bird under Commercial Developments

The agents appointed to market the latest scheme by award winning regeneration company Urban Splash are anticipating high demand from businesses looking for space in Manchester’s Northern Quarter. Urban Splash began work on the redevelopment of... Read More

‘Exceptional Leasing Activity’ leads to Strong results for British Land

Posted on by Kirsten Kennedy under Business News

British Land has published its annual results, revealing an exceptionally good performance for the past financial year. During the year to the 31st March 2015, British Land garnered a total accounting return of 24.5 per cent, a 4.5 per cent increase on... Read More

European Mega Deals on the Rise

Posted on by Chris Grigorovsky under Commercial Sales and Lets

According to Savills Market in Minutes report, there has been an 18 per cent year-on-year increase in deals over €100 million throughout Europe in Q1 of 2015. The report also found that portfolio transactions increased by 23 per cent year-on-year,... Read More

New Legislation prompts Estate Management Strategy rethink at Enterprise Inns

Posted on by Cliff Goodwin under Business News

New legislation allowing tenants to buy their beer from any supplier has prompted Britain’s biggest pub landlord, Enterprise Inns, to radically rethink its approach to estate management. Nearly half of the UK’s 50,000 publicans are already free to... Read More

Cathay Life snaps up Trophy City Asset in £575m Deal

Posted on by Cliff Goodwin under Commercial Sales and Lets

Taiwan-based Cathay Life Insurance has paid £575m for a prestige City of London office and retail block less than 200 yards from the Bank of England. The 440,000 sq ft Walbrook Building remained empty long after its completion in 2010 by Minerva when... Read More

Hermes pays £36m for Croydon’s Threepenny Bit Building

Posted on 13 May, 2015 by Cliff Goodwin under Commercial Sales and Lets

Asset adviser Hermes Investment Management has made its second multi-million pound purchase in Croydon this year. Last month the British Telecom Pension Fund vehicle acquired the South London town’s only dedicated dining and leisure complex, when it... Read More

Commercial Estates Group completes Triple Office Acquisition

Posted on by Chris Grigorovsky under Commercial Sales and Lets

Commercial Estates Group (CEG) has acquired a trio of office assets in the South of England totalling £22.7 million, and committed an additional £10 million for refurbishments. The Octagon in Colchester was acquired from Shay Property Investment for... Read More

Pop-up Shoreditch Café puts Breakfast in Bed on the Menu

Posted on by Kirsten Kennedy under Business News

The trend for novelty cafés has become hugely popular in London, with everything from crisp sandwiches to imported cereals making a splash in the local market. At the centre of this boom lies Shoreditch, where Swedish furniture retailer Ikea has now... Read More

Amazon agrees Fourth Distribution Hub Deal with Prologis

Posted on by Cliff Goodwin under Business News

Global logistics and distribution space owner, Prologis, has confirmed it has let a 310,000 sq ft Bedfordshire warehouse it speculatively built last year to Amazon. The internet giant is expected to have its latest UK distribution centre at Prologis... Read More

Tourist Boom Prompts Hotel Conversion For Belfast’s Windsor House

Posted on by Cliff Goodwin under Commercial Developments, Commercial Sales and Lets

Belfast’s Windsor House office block — one of the tallest buildings in Ireland — has been acquired by Hastings Hotels. The leisure group paid £6.5m for the 23-storey complex and will submit conversion plans within weeks. The 122,557sq ft... Read More