Malaysia’s lifestyle property development group, Eastern & Oriental Bhd (E&O), has made its third foray into the London property market with the purchase of two offices buildings for £57m. Three years ago it paid Glasgow City Council... Read More
Property investor and developer Bruntwood, has purchased the former head office of KPMG, for an amount rumoured to be around £10 million. The acquisition of Two Cornwall Street was mentioned in Bruntwood's 2014 annual results, which boasts an impressive... Read More
As councils nationwide continue to cut costs as a means of patching lowered budgets, developers are increasingly able to capitalise upon a growing supply of commercial assets appearing on the market. In Coventry, the city council has now confirmed that it... Read More
The Canada Pension Plan Investment Board (CPPIB) has decided to make its first direct investment in San Francisco’s office market by purchasing a 45 per cent stake in 1455 Market St from Hudson Pacific Properties, Inc. The purchase price was reportedly... Read More
In a multi-million pound deal, property investors in Dubai have acquired Birmingham's Radisson Blu Hotel out of administration. The 39-storey property's assets and business was bought by Royal Gulf Ltd, a firm that is part of Dubai based real estate... Read More
Property investment company Riverside Capital has sold the 02 Academy in central Birmingham to an unnamed private investor for £3.15 million, representing an initial yield of 6.9%. The Bristol Street property is currently let to the Academy Music Group... Read More
Although the London commercial property market has proven immensely strong since the end of the financial crisis, in the years to 2013 it was yet to reach the heights of the pre-recession peak in 2007. However, in 2014 overseas investors and a growing number... Read More
Axa Real Estate (Axa) is concerned that Japanese commercial property prices may be close to their peak. The fifth-largest property fund in the world is looking at the recent increase in real estate values due to the government’s efforts to put an end... Read More
New York City has emerged as the top spot among global commercial real estate investors pushing London into second place. The vast majority (more than 90 per cent) of respondents to a survey conducted by the Association of Foreign Investors in Real... Read More
With commercial property investors increasingly turning to the regional markets, Birmingham is attracting considerable interest. According to a new report by PwC, this will see the city overtake London as the most attractive location for property investment... Read More
