Legal & General Property (LGP) has completed a deal to buy the entire Ocean Portfolio for £226.5 million, representing a net initial yield of 6.5 per cent. The Ocean Portfolio is comprised of 13 different sites located throughout the UK, although... Read More
A UK-focused commercial property investment fund has swooped on one of Manchester's most "architecturally pleasing" buildings. Acting for wealth managers St James's Place, Orchard Street Investment Management reportedly paid £31m for Four Hardman... Read More
The fourth-richest man in China, plans to raise up to $6 billion with the initial public offering (IPO) of shares in Dalian Wanda Commercial Properties Co. Ltd. Wang Jianlin has a net worth of $13.2 billion and has increased his holdings from 21 Wanda... Read More
Commercial property transactions in central London of £2.9 billion during November, took the figure for the year to date to £15.4 billion, according to DTZ. With ‘under offers’ currently standing at £3.8 billion, and other properties at ‘best... Read More
Bankrupt Detroit has thousands of empty buildings that are being offered for sale at record low prices, and they are proving hard to resist for Chinese investors, who are buying up these unbeatable deals. With office buildings and factories sitting... Read More
Investment returns on UK commercial property were the highest among nine key asset classes in the year to October, according to research from Lloyds Bank. The figures show that returns rose by 20.1 per cent, easily outperforming global equities, which... Read More
The City One development site in Leeds — subject to a lengthy legal wrangle over the building of Leeds Arena — has been acquired by Caddick Developments. London and Wetherby-based Caddick reportedly paid £10m to retrieve the 9.5-acre site... Read More
Deutsche Bank has agreed to sell a $2 billion portfolio of commercial property loans to TPG, a US private equity firm, it is reported. The deal is being driven by the upswing in the commercial real estate market, and Deutsche Bank is expected to post a... Read More
Saltley Business Park in Birmingham has been sold to new joint venture owners as part of the £146m sell off of Hansteen UK Industrial Property Unit Trust’s (HPUT) 42-asset portfolio. The West Midland’s commercial estate — situated north of the... Read More
The commercial real estate industry will continue to grow next year across most property types and markets, according to Deloitte. The company has prepared a report outlining its 2015 outlook where it states that access to capital will be another... Read More
