In a deal brokered by Bruton Knowles, Gribbles Butchers has acquired 9 North Street, a prime shop in the heart of Ashburton town centre. Advised by Ashleigh Phillips from the firm's Plymouth office in an “exceptionally smooth transaction”, Gribbles Butchers has agreed a new ten-year lease at a confidential rent. Mr Phillips... Read More
In many towns and cities throughout the UK, businesses are facing a chronic shortage of affordable office space as more and more seek to expand following the turbulent years of economic difficulty. In Cambridge, councillors have taken a step to redress the issue in granting planning permission for a "vast" new office block - a move that is... Read More
Hammerson has announced the procurement of two new restaurants, COSMO and CAU, which will take residency at WestQuay Watermark in Southampton. COSMO is one of the UK's fastest-growing world banqueting chains, serving up to 150 freshly prepared dishes from around the world. The firm will occupy a 11,700 sq ft unit on the level above... Read More
In recent months The Crown Estate and TH Real Estate, working together under the moniker The Princesshay Partnership, have invested significant amounts into the regeneration and improvement of Exeter’s Princesshay Shopping Centre. As well as enhancing the leisure offering in close proximity to the centre, this has seen a greater emphasis... Read More
Eight years after the first symptoms of the global recession the West Midlands economy has at last returned to "rude health", according to Lambert Smith Hampton's (LSH). In the agency’s latest Industrial and Logistics Market Review it highlights at least seven deals of more than 100,000 sq ft - the majority falling within the fabled... Read More
The global investment and property developer, UK & European Investments, has returned to the Hamburg leisure market with the acquisition of a Marriott hotel in the German city. The London-headquartered company paid Union Investment (UI) €65m (£47.4m) for the luxury hotel close to Hamburg's prestigious Jungfernstieg Boulevard. The... Read More
As consumers continue to increase their disposable income spending upon leisure pursuits, numerous destinations throughout the UK are investing in upgrading their facilities as a means of offering a more rounded experience. This has been the case in Bath, where racecourse owners have chosen to engage in a multimillion pound investment... Read More
Global leader in commercial real estate services, Cushman & Wakefield, has announced the triumphant completion of its merger with DTZ in “game-changing event in commercial real estate.” This new Cushman & Wakefield, will bring the best from both firms and in return, with a combined total of $5 billion in revenue, 43,000 employees... Read More
EnQuest — the UK’s largest independent petroleum exploration and production company — has sold Annan House in Aberdeen to Rockspring Property Investment Managers for £45.1m. Acquired on behalf of Rockspring’s Hanover Property Unit Trust the six-storey, 120,000 sq ft office block is situated on the site of the city’s former... Read More
One of Europe’s biggest commercial developers looks set to receive the go-ahead for its plan to relocate Birmingham’s city centre wholesale markets. Coleshill-based IM Properties, which lodged plans for the regeneration of 17-acres close to Witton railway station, wants to build a huge wholesale complex on almost six acres of the... Read More
It is no secret that numerous firms are currently seeking to move into Birmingham thanks to the large number of ongoing regeneration currently taking place in the West Midlands city. According to CBRE, the resulting occupational markets, coupled with the recent £1.3 billion worth of infrastructure improvements, have created the... Read More
The upcoming Marina Quay Shopping Centre has caused a whirl of excitement in Rhyl, North Wales, with many hoping that the new retail destination will be the trigger for a large scale regeneration of the wider seaside town. Indeed, there are signs that the modern complex is already attracting the attention of numerous big name brands,... Read More
Speculation is rising that property company, Corbo, is about to buy back Fairhill Shopping Centre — the Ballymena retail park its developer, Sam Morrison, lost control of during the financial crisis. Following the disposal of two other retail assets belonging to Morrison's company Corbo Properties — Altnagelvin Retail Park in... Read More
Aseana Properties — the Channel Islands based developer focused on Vietnam and Malaysia — has blamed its deepening half-year losses on “poor Far East trading conditions”. The London Stock Exchange-listed company reported a pretax loss in the six months to June of £3.3m, compared to its previous loss of £3.1m. And its... Read More
Future generations of chartered surveyors from a South West branch of the Royal Institute of Chartered Surveyors Matrics have helped raise money for one of the region’s largest children’s hospices. Meeting at Bristol Zoo for its annual dinner the members of RICS Matrics Bristol and West Country dedicated the evening and its fund... Read More
Signs are emerging that Chinese property investment abroad will not slow down, despite the recent economic turmoil, as wealthy companies and individuals look for stable markets to shelter their money abroad. Australia has been the big winner so far this year, since it has had the most foreign real estate investment. Australian... Read More
Investment in the Australian commercial property market has surged to record levels over the past twelve months according to Colliers International. Data included in the Australian Investment Review reveal that investment has jumped by 19 per cent year-on-year to a total of $28.88 billion. John Marasco, the Managing Director of... Read More
Just days after it announced it was buying into Manchester’s St Michael’s scheme, Singapore-based Rowsley has acquired a 75 per cent stake in Hotel Football — the leisure complex developed by former Manchester United players Gary and Phil Neville, Ryan Giggs (pictured), Paul Scholes and Nicky Butt. Rowsley — majority owned by... Read More
Washington DC commercial property owners are to get assistance with the cost of installing solar panels on their buildings, the Washington Post reports. On August 21, DC Mayor Muriel Bowser made an announcement that the Property Assessed Energy Act (PACE) was in effect, and that its first client was a Brightwood BP gas station. The... Read More
A Swedish property developer is claiming a world first — by simultaneously starting a multi-million pound regeneration project in both the virtual and real words. At the same second bulldozers began demolishing derelict buildings in the centre of Stockholm a group of 10-year-old schoolchildren pressed the button to “blow up” an... Read More
Following recent industrial acquisitions in The Netherlands and Germany, Henley has stepped up its international expansion with its first transatlantic deal. The UK private equity property investor, which this week signed a sponsorship deal with Premier League giants Manchester City, has now teamed up with WaterWalk Hotel &... Read More
The arrival of agent Mark Slade at Bruton Knowles has been described as the ‘most significant shake-up’ in the Plymouth commercial property sector in years. Well-known Slade, a former fly half and captain of Plymouth Albion R.F.C, is a leading figure in the city’s commercial sector and brings a wealth of experience along with a... Read More
