Monthly Archives: August 2015



Picton completes Sheffield Retail Warehouse acquisition

Posted on 12 August, 2015 by Chris Grigorovsky under Commercial Sales and Lets

Property investment company Picton has acquired the freehold of a Sheffield retail warehouse for £17.7 million, reflecting a net initial yield of 6.6 per cent. The property, which was built in 2002,  is located on an established nine acre site close to... Read More

Bricks and Mortar Retailers Buoyed by July Spending Boost

Posted on 11 August, 2015 by Kirsten Kennedy under Economy

The summer sunshine at the beginning of July did much to elevate the mood of British consumers, and it appears that this ebullience translated into a strong period for retail sales. And while online retailers enjoyed a proportion of the success, bricks and... Read More

Property Write Down leads to £51 million Loss for Ladbrokes

Posted on by Kirsten Kennedy under Business News

As High Street bookmaker chains continue to struggle against rising gambling taxes and gaming machine duty, Ladbrokes has confirmed that the gap between itself and sector leader William Hill has widened further during the first half of the calendar year.... Read More

DTZ awards 132 EMEA promotions

Posted on by Chris Grigorovsky under Industry News

DTZ, a global leader in commercial real estate services, has announced 132 promotions across its EMEA business. The total comprises 26 new directors and 38 new associate directors, with a further 68 promotions made at both senior surveyor or equivalent... Read More

CBRE is top of the Class with University of East Anglia Appointment

Posted on by Cliff Goodwin under Business News

Global real estate advisor, CBRE, has won the race to manage the University of East Anglia’s (UEA) 2.5m sq ft campus. Following a competitive tender, CBRE secured the contract through its technical engineering services arm, Norland Managed Services,... Read More

Helical JV sells One Bartholomew Close for £102.4m

Posted on by Neil Bird under Commercial Sales and Lets

A joint venture between Helical Bar and funds managed by The Baupost Group has agreed the £102.4m sale of its jointly owned company which owns One Bartholomew Close EC1 to clients of Ashby Capital. One Bartholomew Close is a 211,000 sq ft scheme which... Read More

Co-op Group takes Final Three Floors at Arndale House

Posted on 10 August, 2015 by Cliff Goodwin under Top Properties

Manchester’s 23-storey Arndale House is now fully let. The Co-operative Group has agreed to take 35,000 sq ft in a deal that will see it occupying the eighth, ninth and 19th floors. M&G Real Estate and intu have confirmed the final letting — to... Read More

WELPUT redeploys West End sale proceeds into The City

Posted on by Chris Grigorovsky under Commercial Sales and Lets

Central London property trust WELPUT, which is managed by Schroder Real Estate and advised by Quintain Estates and Development plc, has announced two significant transactions involving £160m. The deals take the total value of WELPUT's acquisitions and... Read More

New £200m Leisure Fund completes First Three Transactions

Posted on by Cliff Goodwin under Commercial Sales and Lets

A year after it was launched to target the leisure property market Otium Real Estate (ORE) has completed its first three transactions from its £200m Otium Leisure Ventures fund. Led by founder and chief executive Ashley Blake, the property investment... Read More

AXA Real Estate’s 1 Tudor Street Acquisition Completed

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

AXA Real Estate Investment Managers SGP, an affiliate of AXA Real Estate Investment Managers, has announced that the acquisition of 1 Tudor Street, London, on behalf of AXA Selectiv' Immo from Aberdeen Property Trust has been completed in a £59 million... Read More