LGP lets over 140,000 sq ft

UK - Legal & General Property (LGP) announces that, on behalf of the Industrial Property Investment Fund, it has secured Norbert Dentressangle Logistics as a tenant at Centurion Park, Centurion Way, Tamworth.
Tuesday, 27. July 2010

Two new lettings at Goodman's Colton Square

UK - Goodman has let 5,600 sq ft of office space to Berkeley Insurance Group at its Colton Square office development in Leicester.
Tuesday, 27. July 2010

Senior property lawyer joins Pinsent Masons

UK - Pinsent Masons has secured the services of Norman Smith, one of Scotland's most senior property lawyers.
Tuesday, 27. July 2010

Strongest month for RevPAR growth of 2010 causes a surge in profitability in London

UK - Room rates in London have surged through their previous peak of June 2008 as profitability at hotels in the UK capital soars, according to the latest HotStats survey from TRI Hospitality Consulting.
Tuesday, 27. July 2010

INREV updates due diligence questionnaire in response to changing investor needs

UK - Major institutional investors have put their weight behind the updated Due Diligence Questionnaire launched by INREV.
Tuesday, 27. July 2010

Sovereign debt worries impact

Europe - On paper the last quarter saw a further improvement in the European real estate market, with dealing volumes rising 19%, yield compression continuing, capital value growth accelerating, better sentiment spreading away from just core countries and occupier markets...
Tuesday, 27. July 2010

Starman Hotels sells Le Meridien Piccadilly to Host Hotels & Resorts

UK - Jones Lang LaSalle Hotels announced the sale of Le Meridien Piccadilly, in the heart of London’s West End, on behalf of Starman Hotels. The grade II listed, 266-room leasehold hotel has been acquired by an affiliate of...
Monday, 26. July 2010

Cushman & Wakefield grows retail asset management team

UK - Cushman & Wakefield has appointed Simon Hartley to join its growing retail asset management team. Simon, who joins from GVA Grimley, will be working on a wide variety of shopping centres. The team, led by John Prestwich, has secured eight new mandates1 in the last 12...
Monday, 26. July 2010

Tamar European industrial fund completes sale of Parisian portfolio

France - Tamar European Industrial Fund today announces that it has sold a portfolio of three light industrial buildings situated in the Paris region, to a private investor (“PCVI Group”), for a total consideration of €7.45...
Monday, 26. July 2010

Uncertain conditions slow start of new European office development cycle

Europe - The combination of an uncertain rental outlook and constrained access to development finance will delay the start of the next European office development cycle, according to a new report by CB Richard Ellis (CBRE).
Monday, 26. July 2010

Real Estate in emerging economies outperforms Western Europe

UK - Austerity measures to reduce fiscal deficits adopted by eurozone countries and the UK affect property markets, says the latest RICS Global Commercial Property Survey published today, (26 July 2010).
Monday, 26. July 2010

Specialist funds outperform direct market by almost 500 bps

UK - UK pooled property funds have delivered 22.9% annual total return over the 12 months to the end of the second quarter, as measured by the IPD UK Pooled Property Fund Indices (PPFI). This compares with a 23.9% return on...
Monday, 26. July 2010

Restaurant Property lands Downey’s Redhook

UK - Specialist leisure agency Restaurant Property landed Jonathan Downey’s surf and turf concept Redhook for a new restaurant at 89 Turnmill Street Farringdon, EC1. Situated on the former St Germain French brasserie Redhook is a stylish New York style steak and seafood...
Friday, 23. July 2010

Take-up increases as small deals dominate in Scotland

UK - Take-up in the Scottish office market increased in the first half of 2010, according to the CB Richard Ellis (Scotland) Scottish Offices Market View.
Friday, 23. July 2010

Major facelift for Congleton town centre gets go ahead

UK - Scarborough Development Group (SDG) has obtained planning permission for a multi million pound redevelopment of a prime three acre site in Congleton town centre.
Thursday, 22. July 2010
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