Monthly Archives: January 2015

PR Firm to be Blyth Workspace’s First Tenant

Posted on 21 January, 2015 by Cliff Goodwin under Business News, Commercial Developments

Six weeks before the opening of its landmark incubator business hub a North-East development company has signed its first tenant. The Blyth Workspace scheme — aimed at kick-starting the re-development of a neglected industrial quayside — is partly... Read More

London Investment approaches pre-recession peak in 2014

Posted on by Kirsten Kennedy under Commercial Sales and Lets

Although the London commercial property market has proven immensely strong since the end of the financial crisis, in the years to 2013 it was yet to reach the heights of the pre-recession peak in 2007. However, in 2014 overseas investors and a growing number... Read More

Minister hails Millennium Mills Scheme

Posted on by Neil Bird under Commercial Developments, Top Properties

Local Growth Minister Penny Mordaunt says that a former flour mill, at the heart of London’s Royal Docks, will be the centrepiece of a thriving new business district. Today the Minister visited the Millennium Mills site, which has been abandoned... Read More

LondonMetric acquires Dagenham Distribution Facility for £56.5 Million

Posted on by Chris Grigorovsky under Commercial Sales and Lets

LondonMetric Property PLC has acquired the 410,000 sq ft Eddie Stobart distribution facility in Dagenham from Meaalofa Developments Holdings Limited for £56.5 million. The 28 acre site is currently let to Eddie Stobart for seventeen years, with a rent of... Read More

Thorntons plans further Store Closures despite Strong Sales Growth

Posted on by Kirsten Kennedy under Business News

Although supermarkets continue to struggle against the rise of the discounters, certain specialist stores still find that they often lose consumers to the “all under one roof” principle. This has been especially true at chocolatier Throntons, as along... Read More

Fund Managers fear Japanese Commercial Property Prices are nearing Peak

Posted on by Jodee Redmond under Worldwide Property News

Axa Real Estate (Axa) is concerned that Japanese commercial property prices may be close to their peak. The fifth-largest property fund in the world is looking at the recent increase in real estate values due to the government’s efforts to put an end... Read More

Logistics Joint Venture marks New Era for Barwood and Delancey

Posted on 20 January, 2015 by Cliff Goodwin under Business News

Barwood Developments Ltd (BDL) has sold 60 per cent of its holding to clients of specialist investor and property adviser Delancey to form a new logistics joint venture. The new company will be known as db symmetry. The majority acquisition is a strategic... Read More

Construction commences on new six-storey building in Leeds

Posted on by Chris Grigorovsky under Commercial Developments

Bruntwood and Kier Property, in a joint venture, have begun construction of a brand new six-storey building at 3 Sovereign Square in Leeds City Centre. The scheme was given the go-ahead from Leeds city council in the summer of last year, while the site... Read More

Which Ten Occupiers pay the highest Business Rates in London?

Posted on by Cliff Goodwin under Business News, Top Properties

The Home Office is paying more than £12.5m a year in business rates on its London headquarters, according to Valuation Office Agency (VOA) figures. The Ministry of Defence also earns a place in the capital's top ten rate payers. The remaining eight... Read More

London Bomb Shelter could become Top Dining Attraction after hitting the Market for £175,000

Posted on by Kirsten Kennedy under Commercial Sales and Lets

With space on the surface in London becoming increasingly limited, developers are beginning to seek opportunities beneath the hustle and bustle of the city’s streets. This has seen investors come forward to redevelop unused tube stations, commuter train... Read More