Monthly Archives: January 2015

Somerset Factory sold for Undisclosed Sum

Posted on 31 January, 2015 by Chris Grigorovsky under Commercial Sales and Lets

One of the largest factories in the South West, Woodberry Bros & Haines (WBH) Ltd furniture factory, has been sold to Briarwood Products for an undisclosed amount by the Restructuring and Recovery team at GVA in Bristol. The 500,000 sq ft WBH Highbridge... Read More

US Investor snaps up Back-In-Profit Jurys Inn Hotel Group

Posted on by Cliff Goodwin under Business News

The once-troubled British and Irish hotel chain, Jurys Inn, has become the latest target for American distressed-debt investor Lone Star. The US specialist has paid £680m for the firm's 31 hotels. This week's acquisition follows years of uncertaintly... Read More

Online Rivals driving Commercial Property Demand in India

Posted on by Jodee Redmond under Worldwide Property News

Amazon and its local rivals are responsible for propelling a boom in commercial property leasing in India. The company leases space as its storage needs increase, and shoppers are turning to the Internet to buy everything from big ticket items like... Read More

China and US will be London’s Biggest Commercial Investors in 2015 says Savills

Posted on 30 January, 2015 by Chris Grigorovsky under Commercial Sales and Lets, Industry News

According to Savills, the international real estate advisers, US and Chinese investors will play a big part in the London commercial property market in 2015. This is in line with reports that last year, China invested more than all European buyers... Read More

New Partnership makes First Investment with Soho acquisition

Posted on by Cliff Goodwin under Commercial Sales and Lets

The joint venture between Legal & General Capital (L&G) and Dutch eco-pension fund manager PGGM has made its first partnership investment with the purchase of a central London property for £67m. With a launch war chest of £375m, the London... Read More

New Leisure Development planned for Stoke-on-Trent City Centre

Posted on by Kirsten Kennedy under Commercial Developments

Stoke-on-Trent city centre will soon welcome a new £10 million development which will add three family restaurants and a pub to the North Staffordshire leisure offering. Characin Developments will construct the new development on a plot of derelict... Read More

New Owners seek to fast track 103 Colmore Row Scheme

Posted on by Kirsten Kennedy under Commercial Developments

As rents continue to rise in prime business locations, developers are increasingly keen to modernise or redevelop properties in order to create a greater supply of Grade A office space. This has been the case at 103 Colmore Row in Birmingham, where new... Read More

Shopping Centre investment hits pre-recession Volumes

Posted on by Kirsten Kennedy under Commercial Sales and Lets

Shopping centre transactions during 2014 reached volumes not seen since prior to the recession, DTZ reports. Last year, investment transactions in the UK reached £5.83 billion, with 101 shopping centres bought or sold in 70 separate transactions.... Read More

M&G invests £81m in Latest Birch Coppice Warehouse

Posted on by Cliff Goodwin under Top Properties

One of the world's largest property investors is pumping £81m into a new distribution warehouse at Birch Coppice Business Park. The deal is the third major pre-let on the Tamworth estate in less than nine months. The latest 777,929 sq ft build-to-suit... Read More

New Opportunities for Investors as TfL unlocks Property Estate

Posted on 29 January, 2015 by Kirsten Kennedy under Commercial Sales and Lets

A new initiative launching next week by Transport for London (TfL) will offer investors and developers the opportunity to battle it out for prime commercial space. TfL has announced that it will be placing 50 tube stops, bus stations and other... Read More