Monthly Archives: April 2015



Where the Heart is: Londoners want Office Accommodation close to Home

Posted on 24 April, 2015 by Kirsten Kennedy under Industry News

While the daily commute may be a fact of life for many, a new study by Canary Wharf Group finds it is having a negative impact on the wellbeing of London office workers. As a result, the group has teamed up with colour consulting agency mycoocoon to... Read More

Cheesegrater sets Record City Rent following Shipping Broker deal

Posted on by Neil Bird under Industry News, Top Properties

British Land and Oxford Properties have announced that independent shipping broker Affinity has agreed terms on Level 44 of The Leadenhall Building, for a record breaking City rent of £90 per sq ft. The deal for the highest available floor of the... Read More

Facelift will return Birmingham Office Block to the Market

Posted on by Cliff Goodwin under Industry News

Work will start next month on the refurbishment of an office building close to Birmingham’s business district. The eight-storey Temple Street block has been empty for more than six years. The 40-week facelift will cost £4m and bring the 38,000 sq ft... Read More

Tesco Results Fallout: Analyst advises 200 Store closures

Posted on by Kirsten Kennedy under Business News

Earlier this week, the news that Tesco had posted its worst ever set of results and has been forced to write down the value of its property portfolio shocked retail industry watchers. Now, as the fallout continues, analysts are debating ways in which... Read More

Investor with “vision” sought for Newcastle Quayside Site

Posted on by Cliff Goodwin under Top Properties

A Tyneside commercial agent has launched a hunt for an investor to take on the redevelopment of a former cocktail bar — just yards from its own Newcastle Quayside offices. The chance to convert the five-storey building into offices, a retail complex... Read More

Rockspring completes £56m Edinburgh Office Acquisition

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

Global asset manager, Carlyle Group, has sold its award-winning office block in the centre of Edinburgh to Rockspring’s UK Value Two Fund for £56m. The property is the eighth British asset acquired by the fund and brings its holding to £260m. The... Read More

Hammerson disposes of Drakehouse Retail Park as New Occupiers are confirmed at Bullring and The Oracle

Posted on by Chris Grigorovsky under Commercial Sales and Lets, Top Properties

Hammerson has completed the sale Drakehouse Retail Park in Sheffield to 90 North Real Estate Partners in a deal reportedly worth £61.7 million. The 226,000 sq ft retail park is fully let to occupiers including Homebase, Currys, Wickes and B&M. Hammerson... Read More

Newham Council backs landmark Silvertown Quays scheme

Posted on by Cliff Goodwin under Commercial Developments

Newham Council claims that as many as 20,000 new jobs will created following its decision to back a 62-acre waterfront development at Silvertown Quays in the East End of London. The £3.5bn landmark development is intended to breathe new life back into the... Read More

‘Squeezed Middle’ feels pinch as Bristol Office Supply Shrinks

Posted on by Kirsten Kennedy under Industry News

As growing businesses continue to seek premises for expansion, small to medium sized enterprises (SMEs) are facing an increasing struggle to find affordable office space to facilitate growth. This has been especially noticeable in Bristol, where a new study... Read More

UK Commercial Property Market continues to Perform Well despite Slowdown

Posted on by Kirsten Kennedy under Industry News

The UK commercial property market continues to perform well even if the huge momentum seen last year has slowed somewhat, according to the latest results of MSCI Inc.’s AREF/IPD UK Quarterly Property Fund Index. The index shows that unlisted real... Read More