North Tyneside Council has granted planning permission for the £30 million regeneration of the former Travelodge site opposite Silverlink Shopping Park. The Crown Estate submitted an outline planning application to transform the former hotel into a 106,000 sq ft retail scheme, late last year. The project, to be known as Silverlink... Read More
Harry Ramsden’s — which boasts that it serves the world’s most famous fish and chips — is set to return to the roots of its eponymous founder with the biggest franchise deal in the company’s 87 year history. The agreement, which includes the opening for 50 outlets across the north of England during the next four years, is... Read More
Three of the UK’s best known seaside piers are up for grabs for a combined total of £12.6 million.The attractions - two in Blackpool and one in Llandudno – have been placed on the market by current owner Cuerden Leisure. Llandudno Pier, known as the Queen of Welsh Piers, opened in 1877 following the loss of the original pier in a... Read More
As the benefits of a flat-line economy start to disappear it’s vital that both landlords and tenants get rent decisions right — or face five years of paying the price. The warning comes from a leading commercial agent who says the traditional five-year gap between property rent reviews has its planning benefits, but if calculations... Read More
Queensberry Real Estate has today announced that Guildford Borough Council has granted planning permission for the 60,000 sq ft refurbishment of Tunsgate Square Shopping Centre. Queensberry is acting as the Development Manager for the Merseyside Pension Fund on the £10 million scheme, which will see Tunsgate Square transformed into a... Read More
Leeds is rapidly becoming one of the North of England’s commercial development hotspots, with representatives of the city council using the MIPIM property showcase to unveil around £500 million worth of investment opportunities in a development pipeline estimated to be worth upwards of £2.5 billion. One of the key “big six” projects... Read More
Peel Land & Property has confirmed it is “within days” of submitting a planning application for Trafford Waters, a £1bn development on the banks of the Manchester Ship Canal that would contain more than three-quarters-of-a-million square feet commercial space. The development, which would also provide more than 3,000 new... Read More
A subsidiary of one of Canada’s biggest pension funds has paid more than £170m for a landmark office building in the City of London. Ivanhoé Cambridge — the real estate arm of the Caisse de dépôt et placement du Québec pension fund — acquired the 275,000 sq ft 3 Minster Court from an un-named owner. Built in the 1990s by... Read More
Following the sale of 103 Colmore Row to the joint partnership formed by Rockspring and Sterling Property Ventures in November last year, the new owners quickly announced plans for the demolition of the existing building (pictured) and its replacement with a new office tower. Now, it seems that the partnership is keen to get the ball... Read More
Canary Wharf Group is this week showcasing its extensive portfolio at the annual MIPIM property show in the South of France. The Group’s diverse development pipeline currently includes commercial, retail, lifestyle, tech and residential properties. The Group is due to embark on 5.1 million sq ft of new developments this spring,... Read More
Nine Elms on the South Bank has released three new CGIs which reveal the scope of the transformation the £15 billion scheme will bring. The development will transform one of London’s last remaining industrial districts into a world-class destination in the heart of the capital creating 20,000 new homes and 25,000 new jobs. The... Read More
Legal & General Capital has secured a half share in Europe’s biggest purpose-built creative, digital and technology campus for an undisclosed sum. Manchester-based developer Peel Group will continue asset management at the 37-acre MediaCityUk and will use the cash from the sale to fund further expansion at the site already valued... Read More
Family owned property company Bruntwood has pledged to press ahead with £20 million worth of Liverpool development schemes. The firm, part of Liverpool’s delegation at this week’s MIPIM real estate event in Cannes, is currently undertaking an extensive programme of upgrades to nine properties in the quarter mile area. In addition... Read More
As developers continue to invest increasing amounts of money into retail assets, many are choosing to take the opportunity to redevelop shopping centres as a means of attracting a greater diversity of retail and leisure tenants.The latest developer to post an intention to expand a major asset is Lend Lease, which has entered into a... Read More
On Friday 6 March, a topping out ceremony took place for Block W5 South Regent Street, which is currently undergoing refurbishment. Started in May 2013, the refurbishment sees the interior and services being replaced with modern world-class office and commercial space while the exterior of the Grade II listed building has been fully... Read More
The fourth annual “Who Owns Central Birmingham” report, from property consultants GVA, reveals that around £670 million worth of investment was pumped into the city’s office and retail markets during 2014. The analysis, which focuses on over 1.5 million sq ft of commercial space in the heart of the city, also found that 71.4 per... Read More
Although many commercial developments in the UK at present place a great deal of emphasis upon retail, leisure and office space, the upturn in the economy has allowed for a wider range of investment into conference and events space. This has worked firmly in the favour of Yorkshire based Henry Boot Developments, which has now gained backing... Read More
Over two thirds of the commercial property stock in Mayfair and St James’s is ‘locked away’ and is unlikely to be sold ever again, new research from Bilfinger GVA reveals. According to the analysis, of the 251 properties exceeding 20,000 sq ft, just 91(less than a third) are potentially tradable investments. Justin James,... Read More
Privately owned property investor, Praxis Holdings Ltd, has confirmed the £16.1 million sale of the Iceni Centre office complex at the Warwick Technology Park to the Local Authorities Mutual Investment Trust (LAMIT). The deal reflects a sub 7 per cent yield which is believed to be a post-financial crash record for the Midlands region.... Read More
The Battersea Power Station Development Company (BPSDC) has today launched its drive to attract world class tenants with the release of a series of images offering the first glimpse of the stunning new office space which will be available for occupation in 2019. The 42 acre riverside district will provide 1,250,000 sq ft of lettable... Read More
Friars Walk is one of South Wales’ most exciting upcoming developments, with the shopping centre scheme due to bring a number of new retailers and leisure operators to the Newport destination. This week, owner Queensberry Real Estate confirmed that national restaurant brand T.G.I. Friday’s has become the latest firm to sign a tenancy... Read More
The British Property Federation (BPF) has recently released a ‘general election manifesto’ which proposes a number of policies designed to provide a ‘turbo boost’ to the UK property sector. In the manifesto the BPF says that real estate “is central to our economic infrastructure” and “it provides flexible, modern space... Read More
