Monthly Archives: August 2015



Latest Acquisitions Take Legal & General Property Spend to £372m

Posted on 6 August, 2015 by Cliff Goodwin under Business News, Commercial Sales and Lets

Legal & General Property (LGP) has spent almost £160m in less than 24 hours to acquire a regional shopping centre and a west London office block. Adding the Grafton Centre in Cambridge and the capital’s First Central 200 (FC200) office complex to... Read More

Intu Metrocentre Serves Up Nine More Dining Delights

Posted on by Chris Grigorovsky under Commercial Developments

Nine new food franchises, Thaikhun, Barburrito, Coast to Coast, TGI Fridays, Chiquito, Five Guys, Ask, Bella Italia, and Subway have all been confirmed for Tyne & Wear's intu Metrocentre dining quarter extension. Two other restaurants are on the cusp... Read More

Cramlington Leisure Centre to benefit from £3.5 million Refurbishment

Posted on 5 August, 2015 by Kirsten Kennedy under Commercial Developments

As consumers continue to increase their spending on leisure pursuits, numerous local authorities are entering into partnerships with bodies as a means of improving the offering in their towns and cities. This has been the case in Cramlington, where... Read More

Wellingborough Distribution Facility Sold for £29.2 Million

Posted on by Chris Grigorovsky under Business News, Commercial Sales and Lets

LondonMetric Property Plc has announced the disposal of its 341,000 sq ft Wellingborough distribution facility in Northamptonshire for £29.2 million to an institutional investor, which reflects a net initial yield of 5.%. It was acquired back in June... Read More

New Anchor Tenant announced for Marina Quay Development

Posted on by Kirsten Kennedy under Commercial Developments

As the number of regeneration projects ongoing in the UK continues to gather pace, developers are increasingly turning their attention to towns which have somewhat fallen into disrepair and urgently require an overhaul of leisure and retail... Read More

Arena Central Developments selects Contractor for £66m Office Scheme

Posted on by Kirsten Kennedy under Commercial Developments

Arena Central Developments Limited (ACDL) has confirmed the appointment of Galliford Try as main contractor for the first phase of Birmingham’s new Arena Central scheme. Galliford Try and ACDL, a partnership between Miller Developments and Pro Vinci,... Read More

Commercial Construction activity rises at fastest pace since March

Posted on 4 August, 2015 by Kirsten Kennedy under Commercial Developments

UK construction growth dipped in July due to a slight fall in the number of residential and civil engineering projects underway.  However, the slowdown in these areas was countered by a boom in commercial activity, which enjoyed its fastest rate of growth... Read More

Cording buys Salford Quays Office Complex

Posted on by Neil Bird under Commercial Sales and Lets

Cording Real Estate Group has purchased the freehold of a prominent Salford Quays office complex in a joint venture with US private equity group HIG Capital International Advisors. The complex, called The Anchorage, was acquired from a private investor... Read More

Mayfair Capital confirms New Appointments to Support Growth Plans

Posted on by Chris Grigorovsky under Industry News

Mayfair Capital Investment Management, the UK real estate investment manager, has appointed former Rockspring Property Investment Managers' European Director, Phil Sturdy as its new Investment Director, and has also confirmed the appointment of Laura Sweet... Read More

Trebor completes historic Birmingham Assay Office relocation

Posted on by Cliff Goodwin under Commercial Developments

Trebor Developments has completed a four-year European assisted project to build a new home for Birmingham’s Assay Office. The institution has now moved from the Newhall Street headquarters it occupied for almost 140 years. The 60,000 sq ft... Read More