With two of the country’s biggest business parks on its doorstep, South Tyneside — the smallest of the former Tyne and Wear authorities — is holding its own when it comes to attracting international companies. 25 As the availability of North-East office space continues to dwindle commercial agents across the region are seeing... Read More
Pan-European real estate investment club, FORE Partnership, has announced the £50.95 million sale of its speculative Midtown office development VIEW 58, which is currently being delivered with joint venture partners Kier Property. VIEW 58, at 58 Victoria Embankment, has been purchased by leading charity Nesta, which will relocate from... Read More
Hunter Real Estate Investment Managers has acquired The Spires Shopping Centre in High Barnet from The Pears Group, for an undisclosed price representing a net initial yield of 6 per cent. The acquisition was made on behalf of a North American institutional investor. The Spires is a prime 90,000 sq ft retail destination at the heart of... Read More
Hammerson has reported a 9.2 per cent dip in pre-tax profit in its Half Year Results which were published this morning. Pre-tax profits at 30 June stood at £329.4 million compared with £362.9 million on June 30 2014 – a fall of £33.5 million. However, a combination of improving consumer confidence and active asset management... Read More
Orchard Street Investment Management has completed the acquisition of Snipe Retail Park in Manchester, in a £61.8 million off-market transaction reflecting a net initial yield of 6.7 per cent. The specialist commercial property investment manager, which currently has assets valued at £5 billion under its management, acquired the... Read More
The Crown Estate and TH Real Estate’s Princesshay Partnership has submitted a planning application to Exeter City Council for the £70 million redevelopment of the city’s bus and coach station. The plans will deliver over 180,000 sq ft of retail and leisure space, including a new cinema, along with a substantial contribution to the... Read More
Renowned Japanese fashion brand Uniqlo has selected Polygone Riviera - the 750,000 sq ft shopping and lifestyle destination currently being developed in a joint venture between Unibail-Rodamco and Socri - as the location of its first store on the French Riviera. Polygone Riviera, which is due to open in October in Cagnes-sur-Mer, will... Read More
Activity in the Bristol office market picked up during Q2, compensating for a slower than expected start to the year, with smaller deals making up the numbers. According to the latest Bristol Offices Snapshot from Colliers International, although overall first half take-up remains almost 25 per cent down on the same period last year,... Read More
The British Property Federation (BPF) has appointed Ghislaine Halpenny (pictured) as its Director of Communications. The newly created role replaces that of Head of Communications and Public Affairs, previously held by Patrick Clift who is now Director of UK Public Relations at BNP Paribas Real Estate. Halpenny currently acts as... Read More
Specialist commercial property investment manager Orchard Street Investment Management has completed the first letting at the J4 Park in Camberley. Multinational blue-chip company Siemens has signed a five-year lease on a 7,662 sq ft industrial unit, taking the occupancy rate at the park to 85 per cent. Only two units remain vacant,... Read More
Hammerson has today announced that Victoria's Secret is to launch a new store at Southampton's WestQuay shopping centre in November. The opening will be the international lingerie brand’s debut on the South Coast. The new 13,000 sq ft store will be situated in one of the prime locations, the 'Above Bar' area, with nearby tenants... Read More
One of England’s oldest law firms has taken the entire third floor at The Crown Estate’s One Vine Street office block. The 6,000 sq ft deal secures the last available space at the West End building. Founded 210 years ago in the East Midlands, Freeths will be joining Patron Capital, Lloyds Development Capital and The Maybourne Hotel... Read More
The UK is pulling away from the rest of Europe, the Middle East and Africa (EMEA) by accounting for nearly half of all hotel deals across all three regions, according to new figures from Jones Lang LaSalle’s (JLL) Hotel & Hospitality team. And Britain’s dominance is even more marked, claims the property services provider, by... Read More
Following last week’s announcement that Union Investment has committed to fund the Burlington House scheme in Dublin, Development Securities has confirmed that it has acquired the Avid building in Sandyford for €6 million (£4.2), at a net initial yield of 12.75 per cent. The building, which is situated in a prosperous southern... Read More
UK Commercial Property Trust (UKCPT) has today announced an unaudited NAV per share of 85.4 pence at 30 June 2015, representing a 1.5 per cent increase on the audited NAV per share of 84.1 pence reported in March, and a 2.6 per cent total return in the quarter. The value of the Guernsey based property investment company’s portfolio... Read More
Centurion Properties has acquired Lawnswood Business Park in Leeds, through a new joint venture vehicle, Centurion Capital Partners, funded by specialist property investment manager ICG-Longbow. The partnership has purchased the modern business park from Canmoor for £17.25 million, reflecting a net initial yield of 8.6 per cent and an... Read More
Cadogan, which last month reported that the value of its estate had increased to £5.2 billion, has completed a major office letting at its mixed-use 131 Sloane Street development in Chelsea. The landmark deal will see global alternative asset manager Marshall Wace take the entire five floors of office space, totalling 43,000 sq ft,... Read More
Liverpool ONE — the city centre retail and leisure complex — has responded to the challenge of the online retail sector by increasing its catchment by 73 per cent and getting a near-100 per cent promise from its visitors that they will return. Explaining how the 42-acre retail-led scheme met the internet challenge Miles Dunnett,... Read More
Land Securities, the UK’s largest commercial property company, reports that it is maintaining the good momentum that led to strong annual results. In an interim statement released today, the company reveals that it has let around a third of the available space in its development pipeline in the first quarter of the year, helped by... Read More
Global real estate adviser DTZ has announced the appointment of three new Surveyors to its Birmingham office. DTZ's new recruits - L-R - Simon Broome, Claire Garrett, Andrew Broome Claire Garret and Andrew Broome both join the firm as Senior Surveyors in the Global Occupier Services and Valuation teams, while Simon Broom joins the... Read More
Jersey registered real estate investment advisor and asset manager Delin Capital Asset Management (DCAM) - which focuses on investment in logistics assets in the UK, Netherlands and Belgium – has strengthened its team with two senior appointments, both of whom have extensive experience in the commercial property sector. Andy Colman... Read More
Newly incorporated firm Snow Hill Birmingham Developments has unveiled plans for the next phase of the highly anticipated One Snow Hill Plaza redevelopment in the heart of the city centre. Following the reopening of the previously vacant Kennedy Tower as a 224 bedroom Holiday Inn Express in 2013, the developers are keen to push forward... Read More
