DTZ, a global leader in commercial real estate services, has announced 132 promotions across its EMEA business. The total comprises 26 new directors and 38 new associate directors, with a further 68 promotions made at both senior surveyor or equivalent levels and below. The promotions span a wide range of DTZ service lines,... Read More
Global real estate advisor, CBRE, has won the race to manage the University of East Anglia’s (UEA) 2.5m sq ft campus. Following a competitive tender, CBRE secured the contract through its technical engineering services arm, Norland Managed Services, which it acquired last year. The contract comes into effect from 1 September. CBRE... Read More
A joint venture between Helical Bar and funds managed by The Baupost Group has agreed the £102.4m sale of its jointly owned company which owns One Bartholomew Close EC1 to clients of Ashby Capital. One Bartholomew Close is a 211,000 sq ft scheme which will provide 12 storeys of high quality office space, with average floor plates of... Read More
Manchester’s 23-storey Arndale House is now fully let. The Co-operative Group has agreed to take 35,000 sq ft in a deal that will see it occupying the eighth, ninth and 19th floors. M&G Real Estate and intu have confirmed the final letting — to Co-op Group subsidiaries CFS Management Services and CIS General Insurance — just... Read More
Central London property trust WELPUT, which is managed by Schroder Real Estate and advised by Quintain Estates and Development plc, has announced two significant transactions involving £160m. The deals take the total value of WELPUT's acquisitions and disposals in the year to date to around £340m. The firm has exchanged contracts on... Read More
A year after it was launched to target the leisure property market Otium Real Estate (ORE) has completed its first three transactions from its £200m Otium Leisure Ventures fund. Led by founder and chief executive Ashley Blake, the property investment company has paid £4m for Nuffield Health and Fitness in Hednesford, Cannock; £12m... Read More
AXA Real Estate Investment Managers SGP, an affiliate of AXA Real Estate Investment Managers, has announced that the acquisition of 1 Tudor Street, London, on behalf of AXA Selectiv' Immo from Aberdeen Property Trust has been completed in a £59 million deal. 1 Tudor Street is a 70,720 sq ft Grade A office development situated in the... Read More
Investment activity in Europe is strong, leading to falling property yields in a number of markets. The best opportunities for investors at present are in the industrial sector, according to research conducted by DTZ. The recently published Fair Value Index points out Europe’s best retail, office and industrial markets for... Read More
A controversial £140m shopping and leisure development — sold earlier this year to The Crown Estate — will breath new economic life into East Northamptonshire, an expert has claimed. The Rushden Lakes scheme was approved by Eric Pickles, the Secretary of State for Communities and Local Government, in April and within weeks the... Read More
Mayfair Capital Investment Management has announced an increase in the investment portfolio of its flagship fund, Property Income Trust for Charities (PITCH), after three acquisitions totalling £31.4 million, putting the portfolio value at £404 million. The largest transaction for PITCH was the acquisition of the 5.85 acre Border Retail... Read More
Tishman Speyer has announced that it has acquired Quartier 205 (The Q) in Berlin. The property has been purchased for its European Core Fund. This is the second time that the leading develop has owned the property. Tishman Speyer originally developed and built The Q after the fall of the Berlin Wall. Designed by renowned Oswald... Read More
After unanimous approval from the planning committee, Rockspring Property Investment Managers LLP, announced it has received planning permission to construct 103 Colmore Row, Birmingham's tallest office tower, with development partner Sterling Property Ventures. Birmingham City Council has given Rockspring permission to demolish the... Read More
Land Securities has secured three new lettings at its landmark New Ludgate development — taking the central London scheme to 92 per cent full. New Ludgate is made up of two distinct buildings, One and Two New Ludgate, and was completed in April. The largest new letting at the EC4 site has been signed with the Commonwealth Bank of... Read More
River Island and Sports Direct have recently signed up to join the Coliseum Shopping Park in Ellesmere Port, as part of the second phase of the £3m investment programme for the complex. Taking 5,000 sq ft and 10,000 sq ft units respectively, River Island and Sports Direct will enhance the line-up of fashion and lifestyle retailers already... Read More
City centre regeneration programmes are some of the largest drivers of growth for developers at present, with many snapping up lucrative contracts with local authorities to deliver multi million pound schemes. In Swansea, the race to partner the city’s council for the transformation of the Welsh destination’s retail core has... Read More
Thanks to a strong uplift in consumer confidence, the number of shopping centre developments in the UK has skyrocketed in recent years, with many developers choosing to capitalise on the expansion plans of numerous High Street retailers. According to data released by DTZ, this trend is set to continue as there is currently 15.9... Read More
Office take-up in Sheffield has almost overtaken last year’s total letting figure, according to Lambert Smith Hampton. But, warns the property management company, there has been a “significant” fall in the number of second quarter Grade A deals. The first half of 2015 has already seen more than double the amount of deals... Read More
Legal & General Property (LGP) has spent almost £160m in less than 24 hours to acquire a regional shopping centre and a west London office block. Adding the Grafton Centre in Cambridge and the capital’s First Central 200 (FC200) office complex to LGP’s portfolio brings its recent spend to around £372m, which includes taking... Read More
Nine new food franchises, Thaikhun, Barburrito, Coast to Coast, TGI Fridays, Chiquito, Five Guys, Ask, Bella Italia, and Subway have all been confirmed for Tyne & Wear's intu Metrocentre dining quarter extension. Two other restaurants are on the cusp of being announced, bringing the total of new additions up to 11 for the 45,000 sq ft... Read More
As consumers continue to increase their spending on leisure pursuits, numerous local authorities are entering into partnerships with bodies as a means of improving the offering in their towns and cities. This has been the case in Cramlington, where Active Northumberland and Northumberland County Council have teamed up to modernise the... Read More
LondonMetric Property Plc has announced the disposal of its 341,000 sq ft Wellingborough distribution facility in Northamptonshire for £29.2 million to an institutional investor, which reflects a net initial yield of 5.%. It was acquired back in June 2009 for £19.6 million and has since seen a 38% profit on cost. Currently, it is let... Read More
As the number of regeneration projects ongoing in the UK continues to gather pace, developers are increasingly turning their attention to towns which have somewhat fallen into disrepair and urgently require an overhaul of leisure and retail attractions. In Rhyl, North Wales, this has come in the form of the Marina Quay scheme, where... Read More
