Monthly Archives: July 2015

Land Securities’ 62 Buckingham Gate 96% let following Latest Deals

Posted on 31 July, 2015 by Chris Grigorovsky under Industry News

Land Securities has let a further 50,000 sq ft at 62 Buckingham Gate SW1, taking the occupancy rate to 96 per cent. The latest additions to the tenant line-up are leading Italian investment bank Mediobanca and international sport, entertainment and... Read More

Trebor submits Plans for Industrial Facility at Flagship Redhill Business Park

Posted on by Cliff Goodwin under Commercial Developments

Just three years after it received planning approval a council-owned Staffordshire business park has just two plots left undeveloped. Stafford Borough Council gave the go ahead for Redhill Business Park, close to Junction 14 of the M6 motorway, late in... Read More

Hortons’ Estate unveils restored Birmingham Landmark

Posted on by Kirsten Kennedy under Commercial Developments

Hortons’ Estate has completed the £4.1 million first phase of the restoration of The Grand on Birmingham’s Colmore Row. Over the coming two months the wraps will be removed, exposing the ornate stone and marble façade of the building, overlooking St... Read More

intu reports Strong First Half Performance

Posted on 30 July, 2015 by Kirsten Kennedy under Business News

intu Properties has today issued its first half interim statement in which the group reveals a significant boost in net rental income and underlying earnings, bringing profit for the period to £262 million including a £162 million property revaluation... Read More

Mayor of London launches £20m High Street Innovation Fund

Posted on by Neil Bird under Business News

The Mayor of London Boris Johnson has today announced the launch of a £20 million fund designed to re-energise the capital’s high streets through creativity and technological innovation – and he has called for more affordable workspace to help small... Read More

Mercedes Dealership drives onto extended Bentley Bridge Business Park

Posted on by Cliff Goodwin under Business News

The second phase of a Wolverhampton business park which bucked the recession is underway with the completion of a build-to-suit commercial vehicle dealership. And the owners of the speculative development claim it is “fast heading towards being fully... Read More

Canary Wharf Group welcomes UCL to One Canada Square

Posted on by Cliff Goodwin under Business News

In what is describes as an “exciting addition to the world of business”, Canary Wharf Group has attracted a world-beating university to its docklands estate. During the next 12 months University College London (UCL) will wind down its existing... Read More

Marcol snaps up NI Shopping Destination for just £2m

Posted on by Cliff Goodwin under Commercial Sales and Lets

Northern Ireland’s trouble-hit Lisburn Square shopping centre — built fourteen years ago for £23m — has been sold for just £2m. Its new owner, property investor Marcol, says it intends to turn the piazza-style development into a prestige restaurant... Read More

INTERNOS Fund completes €33 million sale of Stockholm Office Building

Posted on 29 July, 2015 by Kirsten Kennedy under Commercial Sales and Lets, Worldwide Property News

INTRENOS Global Investors has completed the €33.2 million (£23.5 million) sale of a Stockholm office building to Mengus Twelve AB on behalf of the EURO OFFICE 1 fund. The seven-storey property, located at Råsundavägen 18-20 (pictured) in the Solna... Read More

Value of Capco’s Estates rises to £3.4 Billion

Posted on by Kirsten Kennedy under Business News

Capital & Counties Properties (Capco) has seen the value of its London estates rise by 9 per cent to £3.4 billion during the six months ending 30 June 2015. Much of this growth has taken place at Capco’s Covent Garden estate which, during the... Read More