A joint initiative involving Boston Properties, Rudin Development and WeWork is developing a new 675,000 sq ft scheme in Brooklyn Navy Yard, designed to meet the demand from the emerging creative and tech sectors. The $380 million project is being carried out in conjunction with the Brooklyn Navy Yard Development Company (BNYDC).... Read More
Businesses have taken 6.5 million sq ft of office space in London during the first half of 2015, with the majority of the take-up recorded in the City, according to DTZ. There was increased occupier activity across other sub markets, notably King’s Cross and Docklands, but options for businesses are dwindling as supply continues to... Read More
Intu Properties says only a single restaurant remains vacant in its £17m “through the night” extension to Gateshead’s Metrocentre. More than eight months ahead of completion 11 food and leisure units within the Qube have now been let. Contractor Sir Robert McAlpine has already started the retail complex upgrade with the majority... Read More
After a four-month break in its 400-year-old history of serving alcohol to smugglers, pirates, sailors and an assortment of famous drinkers, one of Ireland’s oldest public houses re-opens today. Grace Neill's Bar, at Donaghadee in the County Down, closed suddenly in March “due to a gas line problem within the building” and a... Read More
Preliminary data from Jones Lang Lasalle (JLL) shows that global real estate transaction volumes in Q2 remained unchanged year-on-year, despite Greece’s debt crisis and difficulties in the Chinese equity markets. Transaction volumes increased by 30 per cent in the US and by 11 per cent in the EMEA region. Southern Europe saw an... Read More
Selfridges has reportedly snapped up a £90 million property just a stone’s throw from its Oxford Street flagship store. According to the Evening Standard, businessman Galen Weston and his family, who are highly active within the Selfridges Group, initiated the deal to purchase the 55,000 sq ft office and retail property at 101... Read More
The CEO of German real estate company IVG Immobilien AG – the former joint owner of London’s Gherkin – has outlined plans to restore the firm’s capital market viability. A key element in the management’s strategy involves hiving-off of a large proportion of the properties managed for the company’s own account to a new... Read More
Bristol based residential and commercial building firm Helm Construction is doing its bit to bridge the generation gap following media claims that construction sites have become no-go zones for younger workers. The varied ages of skilled tradesmen on a Helm Construction site at Chipping Sodbury Baptist Church The reports paint a... Read More
A new £5 million healthcare centre in Chipping Norton has been officially opened by Prime Minister David Cameron. Two local GP practices, White House and West Street, have merged to take occupancy of the new building, which meets highest environmental standards of BREEAM excellent. The 21,000 sq ft facility – designed by architects... Read More
Three innovative high-tech companies have been named winners in the third round of Canary Wharf Group’s Cognicity Challenge. Sir George Iacobescu, Cognicity Challenge Cohort 3 Showcase Event, Level 39, Canary Wharf, London. In the “Connected Home” category, BlockDox and Puckily took joint first place and will share the £50,000... Read More
One of Britain’s flagship property funds — which has broken its profit target for five years running — is responding to the growing demand for industrial space with two new Worcestershire warehouse developments. Schroder UK Real Estate Fund (SREF) has received planning approval for two schemes, totalling 135,000 sq ft, at its... Read More
Orchard Street Investment Management has agreed a trio of new lease agreements at Westhill Shopping Centre in Aberdeen. The retail destination was acquired on behalf of clients St. James’s Place in 2010 and has subsequently benefitted from redevelopment and improvements to the tenant mix. The latest additions to the occupier line-up... Read More
Irish property investment company Green REIT has confirmed a further two lettings totalling 55,300 sq ft at its Central Park office development in Leopardstown, Dublin which is now fully let. Computer Generated Image of Block H, Central Park MasterCard Ireland Limited has made the decision to increase its presence at the site, where it... Read More
Nearly £1 billion was invested in UK shopping centres during the second quarter of 2015, according to research published today by DTZ. The global property consultancy reports that completed investment transactions during Q2 totalled £974.45 million across 22 centres, bringing the half-yearly total to £2.17 billion. In addition, a... Read More
The South West must focus its energies on benefitting from the government's plans for greater regional devolution and become a powerhouse like the North, says head of Colliers International's Bristol office, Tim Davies (pictured below). “The Northern Powerhouse is leading the way in terms of driving a larger regional economy and... Read More
Great Portland Estates (GPE) has issued a trading update reporting that the Group is performing well on all fronts as it rides the wave of London’s growing economy. The continued economic upturn enabled the Central London investment and development company to complete 17 new lettings totalling 34,900 sq ft in the quarter to 30 June... Read More
Chancellor George Osborne is being urged to use today’s Budget to clarify reforms to the Electronic Communications Code (ECC) and how its future implementation will affect commercial property landlords. The call comes from property management company, Lambert Smith Hampton (LSH), which claims that despite several false starts the... Read More
Grosvenor has let the Pantechnicon building in Belgravia to Pantechnicon (London) Limited, whose owners plan to transform the property into an impressive “contemporary fashion emporium.” Dating back to 1830, the 12,000 sq ft Grade II listed building was designed in the Greek Revival style with Doric columns fronting onto Motcomb... Read More
Private equity firm Bowmark Capital has agreed to sell the UK’s leading Latin American restaurant chain, Las Iguanas, to the Casual Dining Group in a deal thought to be worth around £85 million. Casual Dining Group, the owner of the hugely successful Café Rouge brand, will acquire the brand and the 41 restaurants currently... Read More
Land Securities has completed the first office pre-let at its mixed use Nova, Victoria development 12 months ahead of completion. Global private equity investor Advent International is the first name on the occupier list, after signing a 15 year lease for 25,000 sq ft. Set on a 5.5 acre site opposite Victoria station, the initial phase of... Read More
Although still €1.5bn (£10.6bn) behind its 2014 record, Ireland is expected to see around €3.5bn (£2.4bn) worth of commercial property assets change hands this year. According to a new survey from the global real estate services provider Savills — which describes the republic's 2015 property market as “exceptionally... Read More
Furniture retailer Heal’s — which started as a bed maker during the Napoleonic Wars — has opened a new concept showroom on London’s Westbourne Grove. Long established as a designer, manufacturer and retailer of modern and contemporary furniture, its latest Queens Building outlet has been specifically designed to meet the... Read More
