Tag: Commercial Property Investment

Ocean Portfolio purchased by Legal & General Property

Posted on 16 December, 2014 by Kirsten Kennedy under Commercial Sales and Lets

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

St James’s acquires Spinningfields Landmark

Posted on 15 December, 2014 by Cliff Goodwin under Commercial Sales and Lets, Top Properties

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

Dalian Wanda IPO could raise $6 Billion

Posted on 5 December, 2014 by Jodee Redmond under Worldwide Property News

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

Central London Commercial Property Investment passes £15 Billion in Year to Date

Posted on 2 December, 2014 by Neil Bird under Commercial Sales and Lets

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

Chinese Investors find unbeatable deals in Bankrupt Detroit

Posted on 29 November, 2014 by Jodee Redmond under Commercial Sales and Lets, Worldwide Property News

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

UK Commercial Property is the best performing Asset of the Year says Lloyds

Posted on 27 November, 2014 by Neil Bird under Industry News

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

Caddick beats Rivals to Leeds City One Site

Posted on 18 November, 2014 by Cliff Goodwin under Commercial Sales and Lets

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 to sell $2 Billion in Property Loans to US Private Equity Firm

Posted on 17 November, 2014 by Jodee Redmond under Worldwide Property News

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

Mailbox co-owner in joint venture Business Park acquisition

Posted on 6 November, 2014 by Cliff Goodwin under Commercial Sales and Lets

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

Improving Market Fundamentals will bring Further Growth in 2015

Posted on 31 October, 2014 by Jodee Redmond under Industry News

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