Land Securities has today announced that it has pre-let 1 New Street Square EC4 in its entirety to Deloitte, over a year ahead of the building’s completion. Deloitte, which already occupies 256,000 sq ft of the adjacent 2 and 3 New Street Square, has agreed terms on a 20 year lease for a further 275,000 sq ft at the new development... Read More
British Land has announced that property management company Broadgate Estates is to relocate its headquarters to 2 Kingdom Street, Paddington Central, in July of this year. The firm’s headquarters will be on the second floor of the Kohn Pederson Fox designed building and will occupy a total of 26,150 sq ft. Broadgate Estates, a wholly... Read More
The troubles facing the “Big Four” supermarket chains in the UK have been well documented for some time, with the influx of discount competition and resulting falling sales causing many to rein back on new store openings. However, it appears that the property investment market for the sector has “rebooted” in recent months, with... Read More
Birmingham’s growing status as an international business destination has been further underlined by HSBC’s decision to relocate its headquarters to the West Midlands city. Around 1,000 jobs are expected to be transferred from London to Birmingham as a result of the move, which is scheduled to begin in mid-2017. HSBC is currently... Read More
Less than three weeks after it received the planning green light for the £120m upgrade of Worcester Technology Park, Stoford has been appointed lead developer for a £70m regeneration project near Redditch. Working in partnership with landowners, The Gorcott Trust, and the Homes and Community Agency, the Birmingham-based company will... Read More
Property company Bruntwood has announced that it has acquired the former BBC site on Oxford Road, Manchester from Realty Estates. The acquisition follows January’s news that the company was involved in ‘complex’ negotiations over the purchase of the site, which consolidates Bruntwood’s significant interest in the Corridor... Read More
In order to reap the benefits of the recovering economy, many businesses in the UK are choosing to engage in recruitment drives as a means of ensuring they are able to fulfil client demands as orders increase. Yet, in the construction industry, skills shortages are beginning to limit company growth, causing firms such as Bristol based... Read More
The UK's largest listed commercial property company, Land Securities, has exchanged contracts to sell its 95 per cent stake in Times Square, London to real estate funds managed by Blackstone for £268.4 million. Located at 160-162 Queen Victoria Street, close to Blackfriars Station, the 380,000 sq ft office building is currently fully let... Read More
intu Lakeside is one of the UK's most popular retail and leisure destinations, with the 1.44 million sq ft centre offering consumers access to many of the biggest brands in a scenic setting overlooking Alexandra Lake. This week, centre owners intu Properties has confirmed that the tenant mix is set to diversify further, with budget hotel... Read More
Knight Frank, acting on behalf of GE, has brokered the sale of Milton House to Westfield Health, in Sheffield's biggest office deal of the year, the Business Desk reports. The eight-storey property, located on Charter Row was once the home of the Inland Revenue and was redeveloped to Grade A standard in the 1990s. The health... Read More
The Charities Property Fund — the first organisation to invest directly in UK commercial property for English and Welsh charities — has paid more than £15m for an east London office block. Rivington House, on Great Eastern Street, was sold by the privately owned property investment and development company, Boultbee Brooks Real... Read More
The north east of Scotland has, for many years now, been a focal point for offshore activity, with the region’s oil rigs and wind farms attracting high levels of investment. Now, however, it seems that a retail and leisure resurgence is beginning to take root in the area, prompting developer Hermistoun Securities to revive plans for a major... Read More
Major city centre regenerations are becoming increasingly popular as the economy recovers, particularly in areas which place a high emphasis upon boosting consumer footfall from both locals and tourists. In Manchester, this has led to a joint venture between Capital & Centric and Henry Boot Developments creating plans for an overhaul... Read More
Investor and entrepreneur Sir James Dyson has been at the forefront of the UK’s manufacturing sector for several decades now, with his experience and inventiveness paving the way for a new generation of engineers to succeed internationally. This goal has been further boosted this week with a £12 million investment into the future of... Read More
Cambridge looks set to dominate the regional office market — closely followed by Oxford and Bath — a report by property consultancy Carter Jonas is claiming. In the agency’s latest Commercial Edge survey, which spotlights key UK commercial property locations and their spheres of influence, the three cities far outshine their... Read More
Wholesale and catering supplier, Bidvest 3663, is adding to its 26-strong UK network with a new storage and distribution facility within the M4 corridor. The Slough Trading Estate building will also become the company’s head office. Due for completion by spring next year, the new 117,400sq ft complex will become the food service... Read More
Independent property investment manager, Valed Europe, has paid almost £24m for a trio of acquisitions across mainland Britain and the Channel Isles. The purchases — made on behalf of its £800m Valad European Diversified Fund (VEDF) — take the fund’s UK portfolio to 16 properties. “All of these investments are in strong... Read More
An acquisitions partnership set up four years ago by Ediston Real Estate and Europa Capital has made its first purchase by taking control of a Norfolk shopping centre. Edinburgh property investor Ediston Real Estate and London-based real estate fund manager, Europa Capital, joined forces in 2011 with the formation of UK Opportunity... Read More
The North West looks set to get its biggest jobs boost in decades after Government confirmation that Blackpool is to get its first enterprise zone. Greater Manchester’s Enterprise Zone is also being expanded by 55 acres. Announced in the Budget, and immediately welcomed by political and business leaders across the region, property... Read More
Gregory Projects Ltd, part of the successful Gregory Property Group, has submitted a full planning application for a three acre high specification industrial site in West Yorkshire which will hopefully add to the dwindling supply in the region. The site, at Ossett, will be known as Ossett 40 and will provide a large supply of... Read More
Chinese investment in overseas commercial real estate has surged, and more Chinese investors are focusing on the Canadian market, according to a report released by a Vancouver-based commercial real estate firm. In 2014, the global outflow of Chinese capital into overseas property markets reached US $18.3 billion, a record amount. In... Read More
An annual marketing review by Cheadle Royal Business Park has revealed that the lack of Grade A office space available in South Manchester will result in an increase in pre-let activity. The amount of new office space in the region over 10,000 sq ft has been reduced significantly. For a few years pre-let activity has been minimal, but it... Read More
