Monthly Archives: May 2015

New Birchwood Park Warehouses to target SMEs

Posted on 31 May, 2015 by Cliff Goodwin under Commercial Developments

Less than three weeks after it announced the acquisition of the 20-acre “First Street” site in Manchester, PATRIZIA has confirmed it is to build three new warehouse units at its jointly owned business park 20 miles away in Warrington. The... Read More

Record Lows recorded for Tokyo Office Yields

Posted on by Jodee Redmond under Worldwide Property News

The results of CBRE’s latest Tokyo office survey conducted for April 2015 have revealed that the average expected yields in key locations in the city have declined across all sectors. They were lowest in the office sector, hitting a record low since the... Read More

Scotland ‘punching above its weight’ in Overseas Investment Survey

Posted on 30 May, 2015 by Cliff Goodwin under Business News

Scotland was second only to London when it came to attracting Foreign Direct Investment (FDI), according to a new report by Ernst & Young. In its 2015 UK Attractiveness Survey the global services provider claims that Scotland attracted 80 separate... Read More

Cayan Group and MEFIC Capital announce Riyadh Office Tower plans

Posted on by Jodee Redmond under Worldwide Property News

Cayan Group, a leading Middle Eastern real estate developer, and MEFIC Capital, a Saudi Arabian financial services company, have entered into an investment fund deal to construct a commercial tower on King Fahd Road in Riyadh. Cayan Group will act as... Read More

NY Real Estate Values cresting say Execs

Posted on by Jodee Redmond under Worldwide Property News

The results of a recent survey conducted by accounting firm Marks Paneth reveal that the majority of New York property executives feel that commercial real estate values are cresting. More than half (54 per cent) of the executives surveyed said that... Read More

Rental Growth reflects demand for Manchester’s older Office Stock

Posted on 29 May, 2015 by Cliff Goodwin under Industry News

Rents for older office buildings in Manchester have risen by more than a third as businesses compete to secure city centre space. According to one leading commercial agent the trend has driven up rents for older floorspace in the 10,000 sq ft-plus... Read More

Urban Splash secures Wave of Lettings

Posted on by Kirsten Kennedy under Industry News, Top Properties

Regeneration specialist Urban Splash has secured a wave of lettings totalling 9,000 sq ft in the past month alone. The award winning firm, which controls a commercial property portfolio of more than 1 million sq ft, has closed new lease agreements with a... Read More

Cheesegrater 84% let following Trio of Deals

Posted on by Neil Bird under Top Properties

British Land and Oxford Properties have confirmed three new lettings at The Leadenhall Building, totalling around 100,000 sq ft across seven floors of the City of London skyscraper. Brit Insurance has signed a 15 year lease on 66,300 sq ft across... Read More

Commercial Supply Shortage threatens to put the brakes on Booming Brighton

Posted on by Kirsten Kennedy under Industry News

Despite recently being described as the most active city for property development outside London, Brighton & Hove faces a severe commercial shortage that threatens to put the brakes on the local economy. The warning comes from national property... Read More

NAMA set for €1bn Wind-Down Target

Posted on 28 May, 2015 by Cliff Goodwin under Business News

In its fourth consecutive year of profitability, Ireland’s National Asset Management Agency (NAMA) has announced an after-tax profit of €458m (£326.7m) — more than double the €214m (£152.7m) surplus it made during 2013. Releasing the... Read More