Two expanding health and beauty brands are moving to new premises on SEGRO’s Slough Trading Estate, the Real Estate Investment Trust has announced this week. Leading organic beauty store Naturisimo, which specialises in the sale of natural and eco-friendly products free from harmful chemicals, toxins and pollutants, has chosen to... Read More
A 160 plus-room luxury lifestyle hotel is scheduled to open at Battersea Power Station in 2019, following the signing of a management agreement between the developers and the PPHE Hotel Group. Rooftop Swimming Pool overlooking Battersea Power Station and River Thames The hotel will operate under PPHE’s art’otel® brand in a Foster... Read More
Leisure group Whitbread has enjoyed a stratospheric return to form in the years since the recession, with growth in both its Costa Coffee and Premier Inn chains helping to consistently boost annual profits. The latest set of results, which will be the last released under outgoing chief executive Andy Harrison, show that this momentum... Read More
Commercial property investment and development company RO Real Estate has appointed Nick Moore (pictured) as Senior Investment Manager. Moore, who has over 15 years’ experience in the commercial property sector, will report to Richard Bourne, Head of RO Real Estate. He joins the company from Lloyds Banking Group where he served as... Read More
NOMA — the joint venture between The Co-operative Group and Hermes Investment Management — has submitted plans for two office buildings in Manchester. The developments will be at Two and Three Angel Square. An architect’s vision of Two and Three Angel Square, Manchester. The proposed schemes will collectively provide more than... Read More
Developer Hampton Brook has confirmed its latest speculative project will be ready for occupation by spring next year. Work will start on the 103,000 sq ft logistics and distribution warehouse near Kettering within weeks. The Northampton-based firm acquired the Huntingdon Road site — adjacent to Junction 13 of the A14 — earlier... Read More
Prime shopping centres in regional areas continue to benefit from huge investments into growth, as the strong consumer confidence at present allows ever increasing numbers of retailers to expand. Therefore, despite the fact that a £20 million leisure extension has recently opened at Glasgow’s Silverburn shopping centre, owner... Read More
LondonMetric Property Plc has announced, on behalf of its DFS joint venture 'Joint Venture', the sale of its DFS property in Enfield for £24.5 million to a large UK institution, crystallising a profit on cost of 19% and a geared IRR of 30%. The 32,000 sq ft unit, which LondonMetric has a share of £7.5 million, is let at a rent of... Read More
The Bristol office market saw higher activity across various sectors in the third quarter of 2015, and expectations are high that activity levels will continue at this pace as the year enters its final three months. In analysing the latest city centre numbers, James Preece from Colliers International stated that although the market... Read More
AXA Investment Managers - Real Assets has completed the acquisition of a prime retail property in Toulouse from a fund managed by Grosvenor Fund Management. The purchase was made through AXA REIM SGP, manager of AXA Selectiv‘ Immo. The 800 sq m period retail unit is situated on the prestigious rue d’Alsace Lorraine. Its prime... Read More
The completion of a Bristol link road is expected to give a boost to previously hard-to-get-to parts of the city, one of the region’s leading commercial agents has claimed. Scheduled to open in just under a year, the south Bristol link road — running from the Hengrove Park roundabout through Bishopsworth and across Highridge... Read More
Scotland’s 32 local authorities are to be given the power to cut business rates to boost economic activity and encourage commercial property investment. The official announcement is expected to come from Deputy First Minister John Swinney in his speech to the SNP’s annual conference later today. Currently, business rates in... Read More
Atrium European Real Estate, the central and eastern European shopping centre developer and operator, has signed a €125 (£93.5m) refinancing deal. The five-year unsecured arrangement — made up of €100m (£75m) in new credit together with the extension of a current €25m (£19m) facility — will be provided by a syndicate of... Read More
During the past year, the High Street recovery has taken huge steps, with the first half of 2015 seeing shop closures fall to their lowest level in five years according to a new report by PwC and the Local Data Company (LDC). However, rather than this being an indicator of the widespread recovery of retailers, it is instead a sign that... Read More
Litton Property Group is joining forces with motorway service station operator Moto Hospitality to develop a high profile M1 site close to East Midlands Airport. An image of how EM Point could look The scheme — to be jointly handled by commercial agents Innes England and Cushman & Wakefield — is being marketed as a “bespoke... Read More
Hermes Investment Management has completed the signing of five new tenants at its 300,000 sq ft Royal Victoria Place (RVP) shopping centre in Tunbridge Wells. The new lettings follow a highly successful year for RVP, which has recorded twelve months of unbroken sales growth, to reinforce its position as the prime retail destination in... Read More
Tesco has agreed to sell a number of mothballed development sites to privately held real estate investment management firm Meyer Bergman. The deal saw Tesco’s property development arm Spenhill offload a total of fourteen sites across London, the South East and Bath to the investor for £250 million. All of the sites are suitable for... Read More
Savills is predicting a near-record level of investment in British shopping centres for the final three months of this year. The international real estate advisor claims that the 2015 transaction tally could well match last year’s £6.4bn. The firm reports that although just £3.05bn has been transacted so far this year —... Read More
This week the government has confirmed that Permitted Development Rights (PDR), allowing the conversion of office space to residential use without full planning permission, will no longer expire on the 30th of May 2016 but are here to stay. Here two property specialists comment on the move. Under PDRs, developers have the ability to... Read More
Pricoa Mortgage Capital has closed a £181.5 million refinancing deal for the City of London office tower 99 Bishopsgate. The ten-year fixed rate loan is secured by the 340,000 sq ft, 26-storey building, and was completed over the summer. 99 Bishopsgate is 100 per cent let to a range of occupiers from the legal, financial services and... Read More
intu has created on-site asset management roles at Manchester Arndale and Cribbs Causeway, which are both jointly owned and managed with M&G Real Estate. David Scholes (pictured above) will be based at the 1.6 million sq ft Manchester Arndale which is ranked fourth in CACI’s retail footprint. The city centre retail and leisure... Read More
UK private equity real estate investor Henley has completed the freehold sale of a 48,000 sq ft specialist logistics warehouse, at Newhouse Industrial Estate near Glasgow, to an unnamed buyer for £4.15 million. The site comprises a purpose built single-storey distribution unit complete with two floors of office accommodation. The... Read More
