Monthly Archives: January 2015

Russells secures second deal with Motel One

Posted on 26 January, 2015 by Jodee Redmond under Commercial Developments

Russells Construction has secured a second deal with Motel One in Manchester to build a £17m hotel in Cross Street. The signing of the new contract follows the successful completion of a Motel One in the Piccadilly area of the city. The work on the... Read More

Warehouse Green Light for “Challenging” Leeds Former Pit Site

Posted on by Cliff Goodwin under Commercial Developments

A West Yorkshire city site plagued by more than a decade of failed planning bids has finally been granted outline permission for a one-million square foot warehouse development. It's claimed the scheme could create as many as 1,500 jobs. Commercial... Read More

LSH reports Record Quarter for UK Commercial Property Investment

Posted on by Neil Bird under Commercial Sales and Lets

Investment in UK commercial property totalled £20.5 billion in the final quarter of 2014, research from Lambert Smith Hampton (LSH) reveals. This represents a 26 per cent increase on the previous quarter and the highest quarterly performance ever... Read More

Bulldog Hotel Group set for expansion after £20m Investment

Posted on 25 January, 2015 by Cliff Goodwin under Business News

A West Yorkshire-based hotel group looks set to double its property holding after a 20 per cent buy-in by property and investment company Commer Group. The Tadcaster-headquartered investor is refusing to say exactly how much acquiring the one-fifth... Read More

ARK Development to build Animal Handling Cargo Terminal at JFK Airport

Posted on by Jodee Redmond under Worldwide Property News

New York’s JFK International Airport will be home to the world’s only privately owned animal handling cargo terminal under the terms of a 30-year lease signed between Racebrook Capital and the Port Authority of New York (PANYNJ). Racebook is the developer... Read More

Creditors paid in full after £206m Hotel Restructuring

Posted on by Cliff Goodwin under Business News, Commercial Sales and Lets

American private investment firm Starwood Capital has acquired four distressed London hotels and a luxury residential block once operated by serviced apartment provider Think. In August last year the firm issued a statement saying that some of the... Read More

Low Inflation benefits US Commercial Real Estate Market

Posted on 24 January, 2015 by Jodee Redmond under Worldwide Property News

During 2014, the US Consumer Price Index (CPI) increased by only 0.8 per cent. Recent figures released by the Bureau of Labor Statistics indicated that it went down by 0.4 percent in December. Much of the December decrease has been attributed to falling... Read More

Canada Pension Plan Investment Board makes Initial Investment in San Francisco

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

The Canada Pension Plan Investment Board (CPPIB) has decided to make its first direct investment in San Francisco’s office market by purchasing a 45 per cent stake in 1455 Market St from Hudson Pacific Properties, Inc. The purchase price was reportedly... Read More

Second Council withdraws support for Gatwick Expansion

Posted on by Kirsten Kennedy under Business News

The issue surrounding the UK’s airport capacity has led to controversy, with the current phase pitting Heathrow against Gatwick in a bid to decide which of the South East’s airports should be granted a second runway. However, it seems that Heathrow may be... Read More

Scottish Widows £105m Office Sale sets Edinburgh Record

Posted on 23 January, 2015 by Cliff Goodwin under Commercial Sales and Lets

HSBC Private Bank has beaten off several heavyweight British and international bidders to acquire Scottish Widows’ Edinburgh headquarters for a private client. The £105m-plus office deal is a record for the city. The Port Hamilton building, in the... Read More