Vancouver real estate developers and brokers are downplaying concerns over the purchase of Lower Mainland commercial properties by foreign investors. The concerns arose following a news story last month that the owner of a Vancouver property had requested that the agent restrict the search for buyers to foreign investors only. The... Read More
Your stomach is doing somersaults. The cold metal freezes your hands as the wind blows through your every fibre. You've ascended to a height you never imagined you would reach, as you stare down at the world below, with the early morning sun beaming on you in a warm congratulatory embrace. That was my thought process as I watched and... Read More
Savills recently reported that mega-deals in the European commercial property market are on the rise. Now a similar trend is emerging on the other side of the Atlantic according to Real Capital Analytics. Investment from around the world is flowing into the US market with transactions jumping by 45 per cent (in dollar volume) in the... Read More
The Crown Estate and Oxford Properties have today announced they have agreed a £145 million extension to the St James’s Market Partnership, with the establishment of a new joint venture for a 160,000 sq ft commercial block between St Alban’s Street and Haymarket. The 50:50 partnership builds on the two firms’ existing £320 million... Read More
A Northern Ireland council has paid almost £25m for a city centre office block — so that it can knock it down and build a replacement. The £24.7m deal — said to be the “most significant office development in Belfast for ten years” — comes after years of delay and indecision over the fate of the 1970s built Clarendon House.... Read More
Stenprop has paid £75m for a prestige office building in the heart of London’s West End. The 65,000 sq ft block was purchased as 50-50 joint venture with an un-named partner. In a statement confirming the 25 Argyll Street acquisition, situated opposite the Apple Store in Regent Street, Stenprop said it was also in the final stages... Read More
With building activity in both the residential and commercial sectors rising, Bristol based Helm Construction has announced five new appointments to its growing team. The appointments span a wide spectrum of the firm’s departments and will prove essential in both the organisation and delivery of ongoing projects in the coming... Read More
Leicestershire based development and construction company, Tungsten Properties, has confirmed it is going ahead with a speculative scheme to construct a 13-unit business park near Kettering – the first of its kind in the area for over five years. The small business scheme — to be known as Pytchley Park — will deliver around... Read More
Schroders Property Investment Management has revealed plans for the refurbishment of the ground floor atrium and reception area of Manchester’s thirty-storey City Tower. The 25-week refurbishment programme will see the 9,250 sq ft space transformed by Sheppard Robson’s award-winning design group ID:SR. The make-over includes adding... Read More
As many as 120 Sunderland jobs could be created following a Japanese warehousing and logistics company’s decision to build its third distribution hub in the city. The 421,000 sq ft warehouse is being constructed by Hitachi-owned Vantec Europe at Wearside’s Hillthorn Business Park and adjacent to its main client, car maker Nissan. ... Read More
Savills has confirmed the acquisition of Collier & Madge, a niche commercial property management business founded in London 17 years ago. Collier & Madge — which claims to have built its reputation “through quality staff, investment, organisation and unwavering commitment to our property company, institutional and private... Read More
An artist has provided an innovative solution to London’s worsening work space supply shortage – an office in a tree. Construction of the unique co-working space began this week around a tree trunk in Hackney’s Hoxton Square, as part of the 2 Degrees Festival 2015. The festival, which is in its fourth year, is organised by... Read More
St Luke's Hospice in Plymouth is moving its community based services to a newly refurbished office building on the Brooklands Campus in Crownhill. The two-storey office space will operate alongside the charity's head office in Turnchapel, Derriford Hospital and the Income Generation department based in Plympton. Glenn Kelly, from Bruton... Read More
Great Portland Estates’ annual results, which were released yesterday, show strong capital growth from its Central London portfolio. The results were driven by a combination of rental growth and development surpluses, which have seen the value of the group’s portfolio grow by 18 per cent in the year as a whole, with 3.1 per cent of... Read More
Proposals for two new office buildings in Manchester’s NOMA district will be available to view at a public consultation event taking place tomorrow. Indicative designs for 2 and 3 Angel Square 2 and 3 Angel Square are the latest buildings to be unveiled in the 20 acre city centre regeneration area which is being redeveloped by The... Read More
For some time, the UK’s major shopping centre owners have been investing in their leisure offer as a means of attracting more customers and increasing dwell time. And this strategy is producing results, with the latest British Council of Shopping Centres (BCSC)/Experian Footfall Monitor showing a leap in the number of consumers spending... Read More
Global commercial property services company DTZ, has named Ryan Perryman as its Director of Property Management, Digital and Information Systems, for the European, Middle East and Asian (EMEA) markets. Perryman joins from Hammerson, where he was the development and investment company’s information technology director. “Ryan will... Read More
A leading UK property consultancy has been hired to provide strategic, development, and leasing advice for the expansion of an Oxfordshire science and business campus. The commission, from the joint venture owners of Oxford Science Park, comes after a recent Carter Jonas survey claimed that last year’s office take-up in the county... Read More
Global chocolate café phenomenon dip ‘n dip has chosen London as its next expansion target, and executives have already appointed property consultants to source central locations. Following the celebration of the brand’s sixth birthday in February of this year, the brand has engaged in an ambitious expansion programme which has... Read More
Leading global private equity and alternative assets investment firm H.I.G Capital has completed the acquisition of the Grosvenor Shopping Centre in Chester for a sum of £65 million. The 250,000 sq ft retail property lies on Pepper Street in the heart of the city centre and boasts strong transport links with the city’s main bus... Read More
The joint venture behind the multi-million pound regeneration of Manchester’s Royal Exchange has been given permission to press ahead with the scheme. Trinistar Manchester — a collaboration between Starwood Capital and Trinity Investment Management — has confirmed it will now submit further planning applications to improve the... Read More
Office construction in central London has increased by 24 per cent in six months, according to the London Office Crane Survey. The latest survey, by Deloitte Real Estate, records 31 new starts, contributing 4.4 million sq ft to the 9.5 million sq ft development pipeline. Deloitte Real Estate's head of City leasing, Steve Johns,... Read More
