Salford based Hydes Brewery is to open a new boutique hotel, pub and restaurant in Manchester’s Northern Quarter. The brewery chain has acquired the Abel Heywood after receiving financial backing from the Royal Bank of Scotland, which will act as a partner in the venture. Part of the refinancing deal also allowed the brewery to acquire... Read More
As Birmingham continues to grow in popularity as both a business and tourist destination, city centre hotels are seeing a huge rise in demand with occupancy levels skyrocketing over the past few years. In fact, November last year proved to be a record breaker for the hotel sector, marking the second time in three months occupancy levels... Read More
Despite the fears of many analysts, the upcoming general election will have only a minimal impact on the property market CBRE claims. A new report from the leading commercial property and real estate advisor shows that economic performance remains the most significant factor driving the market, with strong office take-up coinciding... Read More
Nando's and American burger restaurant Five Guys have signed up for space at Hammerson’s £70 million Westquay Watermark development in Southampton. Five Guys will be occupying 3,960 sq ft on the upper level, for what will be the brand’s first restaurant in Southampton. Meanwhile Nando's, which is already established in WestQuay, will... Read More
A 12-month forecast from one of Britain's biggest property players has warned that the UK markets "are about to tip from being undervalued to overvalued". The prediction comes in DTZ's 2015 Outlook, which says the single most important issue impacting on this country's property sector "remains the ongoing ultra-low interest rate... Read More
Fundrise, a leading real estate crowd funding platform, is offering individual investors the opportunity to own a slice of 3 World Trade Center. In what is described as a one-of-a-kind investment opportunity, small investors will be able to buy a share in the 80-storey New York office tower planned by Silverstein Properties, for as... Read More
Planners at East Staffordshire Borough Council have approved the development of a new retail park in Burton. Developed by St Modwen, Branston Square will feature 5 retail stores, a 58 space car park facility and a community garden, which will have public seating and its own car parking. It is expected to create 20 jobs once the retail... Read More
A North-East entrepreneur, who last year unveiled plans for a £10m County Durham trade and retail park, says he is confident the scheme will be approved "within weeks". Andrew Ward — a one-time market trader who is now managing director of customised clothing specialist Workwear Express — claims interest in his scheme has been very... Read More
It has been reported that JLL have been appointed to begin a search for 350,000 sq ft of office space in Birmingham on behalf of an unknown client. If completed, the deal will be one of the largest single transactions the city has ever seen and would be almost be 50 per cent of the total let in the city during 2014. JLL plans to acquire... Read More
Delancey has confirmed reports that it is open to offers for The Walbrook Building in the City of London. No prospective buyers have been named at present, with Delancey saying only that they are involved in talks with ‘a select group of global investors that may or may not lead to a sale.’ It is believed that offers of around... Read More
If Liverpool is going to succeed as a regional commercial capital it needs to offer more than its name and its pop music heritage, one of the city's leading businessmen has warned. Speaking at an Invest in Liverpool breakfast, marketing guru Bryan Adams told the 100-plus audience: "We are incredibly good at being entrepreneurial,... Read More
Occupier demand for commercial property in Wales has risen across all sectors for the seventh consecutive quarter, according to figures in the latest RICS Commercial Market Survey. The figures show 38 per cent more Welsh surveyors reporting higher levels of interest. The combined effect of low levels of new development and an ongoing... Read More
Development Securities has used the profit from an investment portfolio to acquire the non-food element of a North-East shopping centre. The London-based company paid more than £19m to acquire a 185,000 sq ft share of The Killingworth Centre from supermarket giant Morrisons. Completed in 2000, The Killingworth Centre is the Newcastle... Read More
The Standard Life subsidiary, Ignis Property, has paid £30m for two prestige office and residential buildings at the heart of London's Southbank regeneration scheme. Sold by the trustees of the SE10NE Co-ownership — a special purpose vehicle holding the ownership to several properties in the area — the Ignis UK Property Fund now... Read More
Dalian Wanda Group, China’s largest commercial real estate conglomerate, has announced that it is investing $1 billion in a development located near Sydney Harbour. This will be Wanda’s second large investment in Australia. The investment amount includes the following: A$415 million ($327 million) paid to Blackstone Group, the... Read More
Institutional real estate manager Bouwinvest Real Estate Investment Management has purchased the Rotterdam World Trade Center and the Citroën buildings in Amsterdam. The Rotterdam World Trade Center is a 398,000 sq ft of office and events building which also has a retail element. The two Citroën buildings, totaling 270,000 sq ft,... Read More
CBRE has negotiated the sale of a prime parcel of land in downtown Miami for the sum of $8.7 million an acre. The commercial real estate services firm was acting on behalf of BDB Miami LLC when the vacant 7.35 acre development site in the Edgewater neighbourhood was sold to a private Florida-based company for a total price of $64... Read More
One of the largest factories in the South West, Woodberry Bros & Haines (WBH) Ltd furniture factory, has been sold to Briarwood Products for an undisclosed amount by the Restructuring and Recovery team at GVA in Bristol. The 500,000 sq ft WBH Highbridge factory is located on the 21 acre Walrow Industrial Estate close to Highbridge in... Read More
The once-troubled British and Irish hotel chain, Jurys Inn, has become the latest target for American distressed-debt investor Lone Star. The US specialist has paid £680m for the firm's 31 hotels. This week's acquisition follows years of uncertaintly and financial restructuring with the hotel group suffering badly at the height of the... Read More
Amazon and its local rivals are responsible for propelling a boom in commercial property leasing in India. The company leases space as its storage needs increase, and shoppers are turning to the Internet to buy everything from big ticket items like televisions to their groceries. The demand from e-commerce firms, which account for a... Read More
According to Savills, the international real estate advisers, US and Chinese investors will play a big part in the London commercial property market in 2015. This is in line with reports that last year, China invested more than all European buyers combined, with £2.2 billion being spent. The data from Savills showed that 70 per cent of... Read More
The joint venture between Legal & General Capital (L&G) and Dutch eco-pension fund manager PGGM has made its first partnership investment with the purchase of a central London property for £67m. With a launch war chest of £375m, the London Office partnership has been established "to source attractive central London office... Read More
