Less than 24 hours after announcing that two of its Milton Park office blocks were now fully let, MEPC has confirmed the first pre-let for a 9.5-acre extension to its Oxfordshire business campus. Adaptimmune will move into its bespoke Park Drive Central facility next summer Park Drive Central is the developer and manager’s latest... Read More
Scarborough Muir Group (SMG) has submitted a Proposal of Application Notice (PAN) to Fife Council which will help to unlock the delivery of a major waterfront development in the Scottish town of Rosyth. In total, the development – which aims both to promote the area as a diverse and broad based employment centre and to deliver an... Read More
In a move that was recently trailed Capital & Regional, the specialist REIT with a £1 billion portfolio of in-town UK shopping centres, has today started trading on the Johannesburg Stock Exchange (JSE). Capital & Regional’s assets comprise six wholly owned centres, collectively known as the Mall portfolio, and 20 per cent... Read More
Mayfair Capital’s Property Income Trust for Charities (PITCH) has completed £16 million worth of acquisitions in three separate deals. The largest transaction saw PITCH take ownership of a Travelodge hotel located at 14-18 Queens Road in Norwich (pictured) from Aviva Investors Pensions Limited, with the £8.7 million price tag... Read More
The redevelopment of Battersea Power Station has taken a significant step forward after independent engineers officially signed off the first of the four chimneys to be rebuilt as it reached the 25m mark. Battersea Power Station South West chimney at 25m. Photograph ©Anthony Coleman/ VIEW The inspection was carried out by engineering... Read More
MEPC, the developer and manager of Milton Park in Oxfordshire, has confirmed that two of the estate’s speculative office buildings are now fully let. The 55,000 sq ft within 101 and 102 Park Drive is home to more than 360 staff from six separate companies. Fully Let. 102 Park Drive, Milton Park, Oxfordshire Both blocks — located at... Read More
For the first time in almost five years the West Midlands construction industry is experiencing a “bounce back” on the scale of that previously only concentrated in the South West. According to a new construction activity index, jointly compiled by Jones Lang LaSalle (JLL) and project intelligence provider Glenigan, the West... Read More
The largest shopping centre operator in Russia and part of the IKEA Group, IKEA Centres Russia, will be taking part in the EXPO REAL event for the first time, to present a major 230,000 sqm flagship MEGA Mytischi shopping centre in Moscow and show the great potential Russia has for international retailers. MEGA Mytischi shopping... Read More
Twitter — the online social networking service with more than 300m active users — is taking 85,000 sq ft of Dublin office space from Hibernia REIT. The pre-let deal, ahead of a €27m (£20m) refurbishment, will see the internet giant take more than two-thirds of the available floor space at Cumberland House. Hibernia acquired the... Read More
Muse Developments and Stockport Council have signed a pre-let agreement with InterContinental Hotels Group (IHG) to take over a 115-bed hotel in the Greater Manchester town. To be operated as Holiday Inn Express Stockport, the hotel is a key second-phase feature of the multi-million pound Stockport Exchange development, designed as a... Read More
Usually when we think of London there's a certain image we create. For as long as we can remember it has been seen as the hub of the business world in the UK. With its vast business districts and awe inspiring office skyscrapers, it is a romanticism for businesses and investors alike. It will forever remain as the go to place for commercial... Read More
Thanks to a wide variety of regeneration projects currently ongoing in Birmingham, the city has become something of a prime target for commercial investors and retail and leisure operators during the past several years. One of the major advantages of this popularity is a willingness on the part of investors to increase spending for... Read More
As investors increasingly turn their attention to the north of the UK, property agents operating in the region are enjoying a return to prosperity not seen since before the financial crisis struck in 2008. This has seen global property consultancy Knight Frank achieve yet another year of record annual profits, which has largely been... Read More
Hunter Real Estate Investment Managers has confirmed today the launch of UK Retail Trust, a closed-end fund which will invest in underutilised assets located in desirable high street-led locations across the UK. With Hunter's proven track record of investing in retail opportunities with significant asset management potential and... Read More
Peakside Capital Advisors AG (“Peakside”) and Groß & Partner announce the sale of mairo, a mixed-use asset in Frankfurt to global real estate firm Invesco. The building will situated in a prime location in the city’s opera district when it is completed in the second quarter of 2016. Invesco Real Estate operates offices in 20... Read More
In association with the UK Warehousing Association (UKWA), a report by Savills has showed that the current total volume of existing warehouse space in the UK is 424 million sq ft, with a nationwide vacancy rate of 7.5%. It also looks into warehousing stock in the UK and highlights the critical lack of supply and development in the... Read More
Land Securities has announced that global executive search and talent advisory firm, Egon Zehnder, has found a location for its UK head office, taking 24,000 sq ft at Nova, Victoria, making it the second office letting 10 months ahead of completion. Egon Zehnder will take floors 14 and 15 at Nova South on a 15 year lease, which is to... Read More
Union Investment has given Cushman & Wakefield instructions to commercialise Warsaw’s Zebra Tower. The modern office building is located in the city’s centre, and a full 5,500 square feet of space will be opened up in mid-2016. Zebra Tower is a well-known and recognisable office building in Warsaw. Its design is perfectly... Read More
HB Reavis Group has published its results for the first six months to June 2015 based on its semi-annual financial statements, which reveal it has more than doubled its consolidated net profit to €100 million during this period. The main reason for its substantial improvement is increased development activity in the markets with... Read More
Ryden — the biggest independent commercial property consultants in the north of Britain — is moving its headquarters to Edinburgh’s burgeoning business district. The award winning agency, which has five offices across Scotland and northern England, has agreed a deal to lease 6,264 sq ft on the ground floor of The Exchange. The... Read More
LondonMetric Property Plc has announced today the disposal of two of its retail parks, Westcroft in Milton Keynes for £27.2 million and Mountbatten in Southampton for £16.2 million, to large UK institutional investors, reflecting a blended net initial yield of 5.7%. Westcroft Retail Park has 77,000 sq ft of space and was purchased... Read More
Despite an increase in the amount of farmland being sold so far this year, there are warnings that recent price rises are now starting to level off. In its latest rural land report, estate and letting agents Savills claims that yearly returns to the end of September show the average value of all types of farmland across Great Britain... Read More
