A county council has paid just under £2m for a West Midlands trading estate. The purchase of the 21-unit site also unlocks access to an adjoining plot already earmarked for industrial development. The Herefordshire county authority has already confirmed it is funding the acquisition of Hereford’s Three Elms trading estate — from... Read More
Aitchison Raffety is relocating its offices to central Birmingham. At the same time the multi-disciplinary property company has announced the appointment of Paul Arnell (pictured) as Director and Head of the Birmingham Office. Commenting on the appointment and next month’s move from Hagley Road West to 14 Waterloo Street, David... Read More
Consolidated Property Group (CPG) has submitted a second planning application to Exeter City Council, after the initial plans for a retail development were rejected last December. The £45 million Moor Exchange proposal has been “tweaked” to reduce the number of units available for fashion retailers. Should this proposal also be... Read More
The Pontiac Silverdome, former home of the Detroit Lions football team, is being offered for sale for $30 million, by Toronto-based Triple Properties who paid an auction price of just $583,000 for the abandoned property six years ago. Triple Properties subsequently invested $6 million upgrading the restaurant and VIP areas with the... Read More
A renewed interest in leisure investment and the tourist attractions of the Cotswolds are combining to fuel the take up of hotels and pubs in the area, a leading commercial agent has reported. This time last year Colliers International had eleven hotels on its books with a combined asking price of around £13m. Twelve months on and... Read More
After an impressive year, the recovery in the commercial property market has settled into a three-speed jog, with offices and retail travelling at two very different rates, separated by industrial property in the middle lane. Following the heady capital growth of 2014 the winter and early spring were a time of deceleration for... Read More
The City of London’s former planning officer has taken a sideswipe against the rash of residential towers going up in the capital, by stressing that tall buildings should be primarily for commercial use. In the week that AXA unveiled its vision for the tallest building in the City on the site of the abandoned Pinnacle development,... Read More
Birmingham based property group Real Estate Investors Plc (REI) has pursued a strategy of acquiring assets of strong future value since making its successful £45 million placing in April of this year, and is furthering its target to grow the value of its portfolio over the next 12 months. Since April, REI has acquired a total of six... Read More
Asset management company REM has confirmed that TPG, a leading global private investment firm with over $67 billion of assets, is to take 27,117 sq ft of office space at Park House in North Mayfair. TPG will take the entire fifth floor of Park House on a 15-year lease and is expected to relocate its EMEA headquarters to the building... Read More
Nottingham City Council has given the go-ahead for the proposed redevelopment of the intu Broadmarsh shopping centre, reflecting the 90 per cent approval rating the plans received during the public consultation period. A planning application was submitted in April for the remodelling of the centre, to better enable customers to shop,... Read More
AXA has unveiled plans for its replacement for the ill-fated Pinnacle tower in the City of London with the design aimed squarely at the upcoming X and Y Generation of workers.The proposed tower at 22 Bishopsgate will become the Square Mile’s tallest building. The new design follows the acquisition of the site earlier this year by a... Read More
Tritax Big Box has today announced a new share issue designed to raise capital for investment in further UK logistics assets. The real estate investment trust has issued 47,787,607 new ordinary shares at a Placing Price of 113 pence per share, which is set to raise gross proceeds of £54 million. The share placing marks the final... Read More
As the government presses ahead with its property reform and disposal programme it has been announced that the Department for Education (DfE) is to relocate from its present home in Great Smith Street to Whitehall by 2017, saving the taxpayer almost £19 million per year. In order to facilitate this move, the DfE has appointed BAM... Read More
The Crown Estate has this week begun a public consultation regarding a proposal for the redevelopment of Duke's Court, a commercial block on the corner of Duke Street and Jermyn Street, in London's St James's. Designed by leading architects John McAslan + Partners, the proposal will deliver 36,000 sq ft of modern office accommodation... Read More
While many leisure sector companies are still very much focusing upon brushing themselves off after taking a hit during the recession, the dominant Whitbread group continues to impress market analysts, this time with a hugely strong start to the year. The Costa Coffee and Premier Inn owner has this week revealed its first quarter... Read More
The value of European commercial real estate investments hit a new high of €3.4tn (£2.4tn) last year — pushing it well beyond the 2007 pre-recession peak. According to DTZ’s 41st annual Money into Property the 2014 increase equated to a year-on-year rise of three per cent in pan-European invested stock levels. But, claims the... Read More
Tower House, a 14-storey office building at the heart of Bristol’s thriving commercial district, is almost fully let after welcoming a new occupier. The latest deal, brokered by Colliers International, sees local solicitors Leung & Co taking 1,200 sq ft on the 12th floor on a five year lease. Leung & Co take on a variety of... Read More
A pioneering water recovery company is selling the six-acre Warwickshire business park it developed around its own expanding headquarters. Clearwater Park at Southam, on which the Clearwater Group occupies one of three buildings, also has planning consent for two more industrial and office units of 7,500 sq ft each. The guide price for... Read More
The Crown Estate has commissioned three pieces of public art to lend an element of culture to the refurbished St James's Market retail district in the West End. The Estate, along with joint venture partner Oxford Properties, has enlisted renowned artist David Thorpe and leading design studios Studio Swine and Studio Weave to create... Read More
A report from the British Retail Consortium (BRC) has predicted that if business rates continue in their current state, over 80,000 shops will be closed within the next two years. Ministers have warned that a change in shopping habits and a growing burden of taxes, will lead to two out of three town centre shops to close down by... Read More
The redevelopment of Friars Walk Shopping Centre in Newport, South Wales, is one of the most eagerly anticipated events in the city’s commercial property sector, with the project helping to attract a huge number of national and regional brands which will offer local consumers a wider choice when it comes to retail and leisure... Read More
The Canal and River Trust — which protects and manages more than 2,000 miles of historic waterways across England and Wales — has started work on a £20m canalside development in Birmingham. Specialist developer H2O Urban will oversee the demolition of derelict industrial buildings at the 13-acre site next to the city’s... Read More
