In the wake of the Walkie Talkie’s Carbuncle Cup award, the City of London is about to review its policy regarding tall building development bdonline (Building Design) reports. Many have expressed concern about the impact of skyscrapers on London’s skyline, with calls from some quarters for a halt to the number of towers being... Read More
Newcastle-based property consultancy Naylors Chartered Surveyors is making a significant investment in staff and a new brand identity designed to increase turnover by 50 per cent over the next five years. The new Naylors team who are poised for further growth The North East’s largest independent property consultancy has announced the... Read More
The completion of the first phase of a state of the art manufacturing facility for French bakery giant Brioche Pasquier on the former Alps Electronics site at Wymbush, is a reflection of increasing investment in the Milton Keynes region says the commercial developer delivering the scheme, Hampton Brook. The 160,000 sq ft development at... Read More
Birmingham has more active enquires for Grade A office space than any other regional city in the UK, claims a Knight Frank quarterly report. According to the property consultancy’s Regional Offices Occupier and Investment Market report for the second quarter of 2015, the West Midlands city accounts for 945,000 sq ft out of 4.4m sq ft... Read More
Work has started on the second phase of Stockport town centre’s new gateway development. Eric Wright Construction is delivering Stockport Exchange, the latest part of the joint venture scheme between Muse and Stockport Council. A computer generated image of Stockport Exchange, looking from Stockport railway station. The first phase... Read More
Property investment and development company, Barwood Capital, has sold a 57,000 sq ft London warehouse for £6.35m to one of Ireland’s leading pensions providers. Irish Life acquisition: The Highams Park warehouse sold by Barwood Capital for £6.35m. Managed since 2014 by the developer’s growth fund — Barwood Commercial Property... Read More
An array of commercial developments are competing for recognition in this year’s Society of British and International Design (SBID) awards. The SBID awards ceremony, which takes place at the Dorchester Hotel on Friday 27 November, is one of the most anticipated events on the interior design industry calendar, with winners benefitting... Read More
AEW Europe has announced the appointment of Cyril Hoyaux (pictured) as Head of Debt Fund Management in Europe as the company prepares to expand its real estate debt platform with launch its second debt fund, Senior European Loan Fund 2 (SELF2). SELF2 will have an investment capacity of at least €750 million and is designed to finance... Read More
Irish property investment company Green REIT has reported a strong performance to the end of June, posting growth of 24.4 per cent and a profit of €157m (£114m). Commenting on the company’s preliminary results, executive chairman Stephen Vernon admitted the “golden period” of returns for Irish commercial property is probably... Read More
FTSE 250 UK Real Estate Investment Trust (REIT) Redefine International has reached a conditional agreement for the acquisition of the AUK Portfolio from the Aegon UK Property Fund in a deal worth £437.2 million. Deansgate Manchester. Part of the AUK Portfolio The “transformational” deal would see Redefine International acquire a... Read More
Orchard Street Investment Management has acquired the Velocity office development in Weybridge from Rockspring’s UK Value fund, for £56.1 million representing a net initial yield of 5.7 per cent. Velocity, completed in 2013 by Rockspring and joint venture partner Exton Estates, comprises two independent buildings known as Velocity... Read More
Asset manager and developer of modern warehousing and light industrial property, SEGRO has announced the appointment of CBRE to explore the possible sale of its portfolio of offices on Bath Road in Slough. The portfolio comprises 972,300 sq ft of office properties leased to a variety of blue-chip, national and international businesses,... Read More
The Walkie Talkie has shrugged off its recent Carbuncle Cup award by building further upon its incredible commercial success. Today, joint owners Canary Wharf Group and Land Securities have announced the letting of level 34 of 20 Fenchurch Street to Castleton Commodities International (CCI) on a long-term lease - taking the building... Read More
Tritax Big Box REIT has announced that it has exchanged contracts to acquire the land and provide forward funding for the development of a Northamptonshire distribution warehouse. The £67 million facility, at Warth Park in Raunds, has been pre-let in its entirety to Howdon Joinery Group, on a break-free 30 year lease subject to five... Read More
Leading European real estate investment manager, AEW Europe, has successfully sold two assets at a Parisian business park on behalf of an institutional investor. The two properties, buildings A and D at Le Baudran office park in the suburb of Arcueil, have been acquired by Elysées Pierre Real Estate Investment Trust (SCPI), which is... Read More
Netflix has announced that it will lease 60 percent of Hudson Pacific Property’s ICON office tower, located at Sunset Bronson Studios on Sunset Boulevard in Hollywood. Netflix will occupy 200,052 of ICON’s 14 story, 323,000-square-foot office tower, which is scheduled to be completed late in 2016. The Netflix deal is the first... Read More
Award winning regeneration company, Urban Splash, has procured a wealth of deals of over 13,000 sq ft worth of commercial space in the city of Liverpool, which includes the biggest letting for South Liverpool this year. The major deal in question saw Assist, a recruitment firm, take 8,300 sq ft of space at the Matchworks development... Read More
GRESB, which represents the global standard for portfolio-level sustainability in the real estate sector, has released its data and industry report for 2015. The report is based on an assessment of data obtained from 707 property companies and private equity real estate funds. The participants represent 61,000 assets and a total of US $2.3... Read More
Social Chain, a firm comprising a group of young, aspiring social media entrepreneurs, has relocated its headquarters to Bruntwood's West Village, a community for creatively-driven businesses. The firm was founded in 2013 by two drop outs from Manchester University; Dominic McGregor, 21 and 22 year-old Steve Bartlett. It has since... Read More
One of the major names in mixed-use development, Muse Developments, has been granted planning permission to commence the 'Your New Town Hall' project in Lambeth, South London. This substantial rejuvenation plans to deliver a new modern and sustainable civic office and customer service centre for the area, as well as overall... Read More
The highly anticipated redevelopment plans for intu Milton Keynes have been granted, which will create a strong economic boost for the area going forward. Deemed one of the most significant retail and leisure developments in Central Milton Keynes in over a decade, the scheme, designed by 3DReid, will deliver a new dining quarter... Read More
The Milton Keynes branch of intu plays host to the first ever dual branded shopping centre pop-up shop for renowned motoring brands Lancaster MINI and Lancaster BMW. Opened by Jardine Motors Group and installed by experiential agency TRO, the pop-up is a great way of giving shoppers an immersive experience of both brands in a more... Read More
