Monthly Archives: September 2014



B&M seeks Leaseback Deal for ‘serious’ Merseyside Warehouse

Posted on 29 September, 2014 by Cliff Goodwin under Commercial Sales and Lets

One of Britain’s fastest growing cut price retailers is hoping to put together a sale and leaseback deal on its Merseyside Qube distribution centre. B&M Bargains — which is asking £36.5m for its 500,000 sq ft Estuary Commerce Park warehouse... Read More

Selangor restricts Foreign Property Investment

Posted on 28 September, 2014 by Jodee Redmond under Worldwide Property News

Developers and property agents have been taken by surprise by a new set of guidelines governing property purchases by foreign individuals, foreign companies, and permanent residents in the Malaysian state of Selangor. The guidelines impose restrictions on... Read More

Joint Venture Partnership acquires Grade II Listed Birmingham Office Building

Posted on 27 September, 2014 by Kirsten Kennedy under Commercial Sales and Lets

Birmingham office space is in demand at the moment, with Grade A supply forecast to hit an 11 year low. This makes the recent acquisition of 57-63 Church Street by a development duo a potentially profitable investment while the city waits for additional stock... Read More

National Grid confirms Power switch-off Deals

Posted on by Kirsten Kennedy under Business News

The National Grid has awarded contracts to 431 commercial sites throughout the UK, whereby the grid operator will pay businesses to switch off their electricity for several hours on week days between November and February. A total of 12 companies have... Read More

BPF expresses concern over Office to Resi proposals

Posted on 26 September, 2014 by Neil Bird under Industry News

The British Property Federation (BPF) has broadly backed the extension of permitted development rights, allowing office to residential conversions without the need to seek planning permission. However, while giving its support to proposals to extend... Read More

Second Developer joins Merseyside Logistics Race

Posted on by Cliff Goodwin under Commercial Developments

Niche real estate and distribution specialists, B8 Real Estate (B8RE), has been appointed sole agent for what it describes as the biggest speculative industrial development on Merseyside for years. Developer New Capital Knowsley will start work next... Read More

Hammerson takes full ownership of Leicester Highcross Shopping Centre

Posted on by Kirsten Kennedy under Commercial Sales and Lets

Hammerson has taken full control of Leicester’s Highcross shopping centre, buying out its joint venture partner for a sum of £180 million. Highcross was built in 2008, at an initial cost of £350 million shared between Hammerson and BIS Company Ltd,... Read More

IM Properties tightens grip on M42 Corridor

Posted on by Cliff Goodwin under Commercial Sales and Lets

One of Britain’s largest privately owned property companies is reportedly in the final stages of negotiating the purchase of the 2 million sq ft Blythe Valley Park near Solihull. A number of industry sources are claiming that IM Properties — which... Read More

20 Fenchurch Street 90% let following Law Firm Deal

Posted on by Neil Bird under Top Properties

20 Fenchurch Street is now 90 per cent let following the announcement that law firm Vinson and Elkins is to take the 24th floor of the City skyscraper. Since opening in May the letting momentum has been extraordinary, propelling the ‘Walkie Talkie’... Read More

City of London Corporation refuses to intervene in Goldman Sachs ‘right to light’ stand-off

Posted on 25 September, 2014 by Neil Bird under Commercial Developments

The City of London Corporation has chosen not to intervene in the ‘right to light’ stand-off which is delaying the development of Goldman Sachs’ new headquarters. The US investment bank was given the green light for the 850,000 sq ft office... Read More