Regeneration specialist Harworth Estates has agreed to sell 18.3 acres of land at its Logistics North Development in Bolton to Exeter Property Group. Exeter has purchased the freehold of the site and has already applied for planning permission to build a 357,700 sq ft distribution centre in association with First Industrial. The... Read More
Nordic law firm Roschier has signed a leasing deal to occupy 43,000 sq ft of a Stockholm regeneration project — making it the largest letting secured by AMF Fastigheter for its flagship mixed-use scheme. The signing will allow Roschier to move from its base in the Swedish capital to new offices on the top five floors of the 1.4... Read More
After receiving planning permission for a nine unit retail scheme in Town Street Stanningley, Leeds, RBS has sold the site to expanding supermarket brand Lidl. The 4.8 acre brownfield site will see the construction of a 21,300 sq ft discount food store, with a further 23,500 sq ft earmarked for eight other food and non-food retail... Read More
Hansteen has acquired two industrial assets in Derbyshire and the North East for a combined total of £41.1 million. The UK and continental European industrial property investor has firstly exchanged contracts with DV4 Properties West Hallam Ltd to acquire West Hallam Industrial Estate in Ilkeston for a total of £27.3 million.... Read More
Chancellor George Osborne has welcomed significant investment from the Chinese Haulage Industry and Trade Group into three Northern Powerhouse schemes, while visiting the country this week. The funding from the firm will unlock three substantial property projects in Leeds, Manchester and Sheffield with a development value of £1.2bn. It... Read More
Pricoa Mortgage Capital has closed a partial refinancing deal worth £155 million with Access Self Storage on behalf of Enddora Holdings Limited and Birchal Limited Partnership. The ten year fixed-rate loan has been secured by a significant portfolio of properties located in the key growth markets of the Midlands, the South and Greater... Read More
A leading cloud-based information technology manager has confirmed it is opening its first North East office on Tyneside. LogicNow is taking space at Newcastle’s award winning Generator Studios. Advised by commercial property consultants Naylors, LogicNow considered a number of Newcastle city centre buildings before opting for a... Read More
Staff at Lambert Smith Hampton (LSH) are celebrating a new record for the property consultancy — after its Birmingham office clocked up one-million square feet of leasing instructions in single year. Richard Jones (right), head of retail and leisure at Lambert Smith Hampton in Birmingham, with head of office Adam Ramshaw The... Read More
Last Friday over 200 property professionals summoned strength, speed and stamina to conquer the Broadgate Tower, raising over £40,000 for LandAid and the Chartered Surveyors’ Training Trust. Churchill Retirement Living: Sophie Kowalkska The second London TowerAthlon, sponsored by Savills, comprised a series of physical challenges,... Read More
Retail rents on Dublin’s Grafton Street — once the fifth most expensive main shopping street in the world — are likely to rise by more than 15 per cent, a global real estate services provider has warned. Fuelled by a growing trend in controversial “upward only” rent reviews, shop rents across the Irish capital as a whole are... Read More
Rockspring Property Investment Managers has completed the letting of a 21,600 sq ft retail unit at Aylesbury’s Friars Square retail destination which it recently acquired on behalf of its UK Value 2 Fund. The unit has been taken by Next on a 10 year lease adding to the occupier line up at the 268,611 sq ft high quality... Read More
British Land has today announced that three new retailers are to join the occupier line up at Plymouth’s Drake Circus Shopping Centre. Popular homeware and gifts store Tiger has signed the lease for a 2,000 sq ft unit at the centre on a 10 year lease, while sports fashion retailer JD Sports will take up a 5,300 sq ft outlet, again on... Read More
Tritax Big Box REIT, the logistics warehouse investor and asset manager, has pumped £59m into the land purchase and forward funding of a new West Yorkshire regional distribution facility. The 635,000 sq ft warehouse is being built on a site recently acquired by the investment trust at Knottingley, Wakefield close to an M62 motorway... Read More
The developers responsible for the transformation of one of London’s landmark buildings are inviting the public to enjoy a fun filled programme of activities taking place this weekend at Battersea Arts Centre. The Battersea Art Station weekend will showcase over 400 pieces of art from both amateur and professional artists... Read More
Independent property advisory firm Stiles Harold Williams has appointed a new Partner and Head of the Croydon/South London Business Space team. Alex Gale is joining the long-standing business from an asset management company, having previously served as head of Industrial at Colliers International and then working client side as a... Read More
Global real estate investment manager LaSalle Investment Management has purchased the long leasehold interests of a prime West End government building, from Aberdeen Asset Management on behalf of a retained client. 3-8 Whitehall Place is a Grade II listed office building originally constructed in 1951 but which underwent an extensive... Read More
Despite the upturn in the economy fashion has continued to lag behind in terms of recovery in the retail sector. For the vast majority this has seen profits climb only minimally, but others are facing a much more perilous situation – including French Connection, which has this week announced its intention to close more stores in the... Read More
The recently redeveloped Birmingham New Street station officially opened to the public yesterday after seven years complex work by Mace, delivering a bigger and brighter experience for passengers, including a new major retail development. New Street station (pictured under construction earlier this year) is now five times the size of the... Read More
London Stock Exchange listed property investors SEGRO and UK Commercial Property Trust (UKCPT) have completed a multi-million pound asset swap deal involving properties in Northampton and Radlett. The deal will see industrial real estate investment trust SEGRO pay £31m to take control of a Midlands distribution warehouse on the... Read More
Commercial property consultancy Lambert Smith Hampton (LSH) has added to its growing Midlands retail team with the appointment of senior surveyor George Xydias. Richard Jones (right) welcomes George Xydias to Lambert Smith Hampton Hired to focus on the West and East Midlands, South Wales, Northampton and parts of Cambridgeshire,... Read More
Thanks to the widespread economic recovery and ensuing demand for space by retailers, many destinations which saw vacancy rates skyrocket during the recession are now enjoying a return to prosperity which has allowed owners to achieve strong sales prices. This will hopefully be the case for the New Hall Hey Retail Park in... Read More
Commercial property purchases are solidly in the black in the first half of 2015, according to London-based broker Knight Frank LLP. Investment transactions have totalled 104.2 billion euros ($117.5 billion). The number of deals more than doubled in Spain and tripled in Portugal. International Investors Jumping into the... Read More
