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Commercial Property News Posts


Henley teams up with Manchester City for London awayday Events

Posted on August 27, 2015 2:27 pm by Kirsten Kennedy under Industry News

With the close of the transfer window just days away, Barclays Premier League clubs are scrambling to strengthen their squads for the first half of the season. Manchester City, having already brought the English duo of Raheem Sterling and Fabian Delph to the Etihad this summer, have now concluded another major signing - with private... Read More


Profits rise at Hansteen despite Weak Euro

Posted on August 27, 2015 1:14 pm by Cliff Goodwin under Industry News

Hansteen Holdings — the pan-European industrial real estate investment trust (REIT) — has reported a surge in six month profits fuelled by a “substantial” rise in the value of its investment properties. The FTSE-250 REIT, which invests in high-yield opportunist assets across the Netherlands, Germany, Belgium, France and the UK,... Read More


Major Leasing Deals bring more Premium Brands to Gunwharf Quays

Posted on August 27, 2015 10:35 am by Neil Bird under Top Properties

Two leading international fashion brands have added to the luxury offer in Portsmouth after signing leasing deals with Land Securities’ premium retail destination Gunwharf Quays. Meanwhile another has significantly expanded its presence at the outlet. British menswear brand Hackett London made its debut on the South Coast when it... Read More


Two new Tenants confirmed for Manchester’s City Tower

Posted on August 27, 2015 8:25 am by Kirsten Kennedy under Industry News

Schroders has confirmed it has completed two further lettings at Manchester’s City Tower, each of which achieved new headline rents of £25 per sq ft. The first deal involves energy procurement services provider LG Energy (LGE), which has agreed to take up 3,549 sq ft on a 10 year lease. This will be the first foray for the energy... Read More


New Hotel proposals enhance Chester Northgate vision

Posted on August 26, 2015 1:32 pm by Kirsten Kennedy under Commercial Developments

The developers of the Northgate scheme in Chester have revealed plans to add a new hotel to the existing enhanced masterplan. The hotel, consisting of 168 bedrooms, would replace the 1980s Crowne Plaza, opening up the site adjacent to Trinity Street car park for a anchor department store. It would also offer a conference facility, spa... Read More


Joint Venture presses ahead with Dublin “U2 Studio” Office Plan

Posted on August 26, 2015 11:15 am by Cliff Goodwin under Commercial Developments

The site of a Dublin music studio — where more than a dozen international artists including U2, the Rolling Stones and Kylie Minogue recorded some of their biggest hits — is being redeveloped into a 120,000 sq ft office block. Windmill Lane Partnership (WLP), a 50-50 joint venture between Hibernia REIT and an affiliate of Starwood... Read More

The first phase of Axis 19, which has been let to AIS

First letting secured at Northumberland Estates’ Axis 19 scheme

Posted on August 26, 2015 10:36 am by Cliff Goodwin under Industry News

Northumberland Estates — which manages the business interests of the Duke of Northumberland — has let the first unit at Axis 19, its £12m North Tyneside industrial development. The first phase of Axis 19, which has been let to AIS Last December the privately owned family business received the go-ahead for the North-East’s... Read More

Toys R Us chooses Green REIT Retail Parks for First Irish Stores

Posted on August 26, 2015 9:15 am by Neil Bird under Industry News

Irish real estate investment trust Green REIT has confirmed that Toys R Us is to open its first stores in the country at two of its retail destinations. The American-based toy retailer, which has over 50 outlets in Britain and Northern Ireland, will make its debut at the Westend Shopping Park in Blanchardstown, followed by the opening... Read More

South East Office take-up hits Record Level

Posted on August 26, 2015 8:30 am by Kirsten Kennedy under Industry News

Take-up in the South East office market reached 3.4 million sq ft during the first half of 2015 – the highest half-year volume ever recorded. According to data from DTZ, the Thames Valley and South M25 regions gained a huge boost from businesses seeking lower costs by relocating from the increasingly expensive central London... Read More

Only five full levels available at The Shard following latest Letting

Posted on August 25, 2015 2:49 pm by Neil Bird under Top Properties

Real Estate Management (REM) has today confirmed that it has let Level 26 of The Shard in its entirety, leaving only five full levels available at the 72-storey London Bridge Quarter landmark. Leonteq Securities (Europe), a leading engineering and infrastructure partner for investment solutions, will relocate from its current West End... Read More

Rising Demand triggers boom in Speculative Industrial Development

Posted on August 25, 2015 1:48 pm by Kirsten Kennedy under Commercial Developments

Increased demand for industrial and logistics space has led to speculative development rising by more than 400 per cent when compared to the first half of 2014. According to DTZ, the total take-up in the first half of the year was 16.7 million sq ft, surpassing the long term average by 954,000 sq ft. Retail occupiers led the surge on... Read More

Mike Ashley announces DIY Development for St James’ Site

Posted on August 25, 2015 11:18 am by Cliff Goodwin under Commercial Developments

Tolent Construction has said it is “deeply disappointed” over its forced pull-out from a £47m scheme to build a hotel and shops in the shadow of Newcastle United’s St James’ Park football stadium. The Tyneside-based builder was just days away from submitting an application for the mixed-use development adjacent to United’s... Read More

Silverstone secures Second Warehouse re-fit Contract

Posted on August 25, 2015 10:05 am by Cliff Goodwin under Commercial Developments

Less than week after landing a contract to oversee the £250,000 refurbishment of a north Tyneside industrial unit, Silverstone Building Consultancy has been hired to carry out the six-figure upgrade of a County Durham warehouse. From left to right: Neil Tweddle, Managing Director of Godfrey Syrett with Mark Coulter of Silverstone... Read More


Few Signs of Investor or Occupier Demand faltering in London Office Market

Posted on August 25, 2015 9:31 am by Neil Bird under Industry News

The central London office market remains buoyant with few signs of either investor or occupier demand faltering in the near future. According to the latest market research from Cushman & Wakefield, investment volumes during Q2 stood at £4.4 billion, taking the total for the first half of the year to £9.1 billion – the highest... Read More


TH Real Estate sells London Shopping Centre to CBRE

Posted on August 24, 2015 3:56 pm by Kirsten Kennedy under Commercial Sales and Lets

TH Real Estate has sold the Angel Central Shopping Centre in Islington to CBRE Global Investors on behalf of its joint institutional fund owners. Although a price is yet to be revealed by either party, the centre’s location and high footfall levels have caused industry experts to speculate that this may very well prove to be one of... Read More


BAM appointed to Clydebank Leisure Centre scheme

Posted on August 24, 2015 2:05 pm by Neil Bird under Commercial Developments

Leading construction company BAM has been appointed by West Dunbartonshire Council to deliver a £22 million leisure centre on the banks of the Clyde. Work has already begun on the state-of-the-art four-storey building, designed by architects Kennedy Fitzgerald Associates, and is expected to take two years to complete. The new... Read More


NewRiver Retail raises a Glass to Pub Portfolio acquisition

Posted on August 24, 2015 1:07 pm by Kirsten Kennedy under Business News

NewRiver Retail has announced that it has exchanged contracts with Punch Taverns to acquire a portfolio of 158 pubs in England and Wales in a £53.5 million deal. The UK REIT, which specialises in value-creating retail property investment, active asset management and development, confirmed that the deal equates to a net initial yield... Read More


Regional Office Investment reaches Eight-Year High

Posted on August 24, 2015 9:25 am by Cliff Goodwin under Industry News

Britain's regional office markets witnessed a surge in occupier demand during the second quarter of 2015 with signings on more than two-million square feet of floorspace - a rise of 51 per cent on the previous three months and 49 per cent above the five-year average. Pre-letting activity also increased between April and June, impacting... Read More


Google starts Work on new €150m Dublin Data Centre

Posted on August 23, 2015 10:00 am by Cliff Goodwin under Commercial Developments

Google — which has spent more than €400m (£290m) in Ireland since 2010 — has started work on a new €150m (£108.8m) data centre in Dublin. The internet giant's new two-storey facility is being built adjacent to its existing data centre at Profile Park, near Grange Castle in west Dublin, which opened in 2012. First phase... Read More


US Commercial Real Estate Market becoming Overpriced claims Report

Posted on August 22, 2015 10:00 am by Jodee Redmond under Worldwide Property News

Real estate research firm Situs RERC has issued a report regarding the state of the US commercial real estate market, and the findings point towards the market becoming overpriced, particularly in the case of the leading markets. The report states that in the previous cycle, which ended in 2008, prices rose above their true values by... Read More


CEG plans Leeds City Centre scheme following Holbeck Portfolio acquisition

Posted on August 21, 2015 2:21 pm by Cliff Goodwin under Commercial Developments, Commercial Sales and Lets

The Commercial Estates Group (CEG) has paid almost £10m for a collection of seven plots within Holbeck Urban Village. It was the company’s second attempt to acquire the 5.8-acre Leeds city centre portfolio. In 2005 CEG attempted to buy the entire Tower Works site, but was outbid by the Government agency, Yorkshire Forward. This... Read More


Fall in Demand for Farmland leads to reduced Price Growth Expectations

Posted on August 21, 2015 12:36 pm by Chris Grigorovsky under Business News

The supply of commercial farmland increased during the first half of the year, leading to significant price growth expectations. According to the latest RICS/RAU Rural Land Market Survey H1 2015, demand growth moderated throughout many parts of the country in the first six months of the year, leading to an increase in supply. RICS Chief... Read More

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