Monthly Archives: June 2015

Rise in Consumer Confidence good news for Retail Property Sector

Posted on 30 June, 2015 by Kirsten Kennedy under Economy

Although spending has climbed steadily since the end of the recession, consumer confidence has remained relatively subdued due to a combination of weak pay growth and lingering fears over the economy. However, in June, consumer confidence took an... Read More

First Applications lodged for “Eyesore” Selly Oak Site

Posted on by Cliff Goodwin under Commercial Developments

Harvest Partnership — a joint venture between Land Securities and Sainsbury's — has filed two planning applications for what is claimed to by Birmingham’s longest-stalled regeneration project. Work finally started last autumn to decontaminate the... Read More

LondonMetric swoops on Next Distribution Warehouse

Posted on by Chris Grigorovsky under Commercial Sales and Lets

LondonMetric Property has announced the acquisition of Next’s Doncaster distribution warehouse for £29 million, reflecting a net initial yield of 6.3per cent. The off-market purchase, from a private property company, will be funded from London Metric’s... Read More

Neptune revises Liverpool Gateway plans following Public Consultation

Posted on by Cliff Goodwin under Commercial Developments

The developer behind a scheme to breathe new life into the Lime Street area of Liverpool has confirmed it has revised its plans following a month-long public consultation. Neptune Developments says the new project will do more to combine the city gateway’s... Read More

St Modwen reports Record-Breaking 306% rise in Half Year Profits

Posted on by Neil Bird under Business News

Regeneration specialist St Modwen Properties has announced a huge 306 per cent rise in profits for the six months to May 31 2015. The increase takes profits before tax to £203.1 million, in comparison to £50 million for the corresponding period in... Read More

South East Office take-up levels surge in Second Quarter

Posted on by Kirsten Kennedy under Industry News

The South East office market, defined as the Western Corridor and the markets to the north and south of the M25, witnessed a surge in take-up during the second quarter of the year. According to new data released by Strutt & Parker, take-up between... Read More

Orchard Street snaps-up prime Bristol Office asset in £58 million Deal

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

Orchard Street Investment Management has completed the purchase of 10 Templeback in Bristol city centre for £58.5 million. The waterfront office building, competed in 2008, was acquired from Benson Elliot on behalf of St James’s Place. 10... Read More

Rockspring expands Management Team with Duel Promotion

Posted on by Chris Grigorovsky under Industry News

Rockspring Property Investment Managers LLP has announced the expansion of its management team, with José Pellicer and Michael Pryer, joining the partnership with immediate effect. This brings the total number of partners on Rockspring's management board... Read More

LaSalle buys 60 London Wall

Posted on by Neil Bird under Commercial Sales and Lets

LaSalle Investment Management has purchased the freehold interest in 60 London Wall on behalf of an overseas client. The confirmation of the acquisition comes in a joint statement from LaSalle and the vendor Deutsche Fonds Holding AG. The global real... Read More

‘Unprecedented Demand’ reported at Southampton Science Park

Posted on by Cliff Goodwin under Business News

The University of Southampton is responding to the “unprecedented demand” for space at its Test Valley science park by building more high-tech offices. There is already a waiting list for space at the Hampshire university’s Chilworth science and... Read More