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» Chronological View: " UK " «

Lynne Fennah to join Empiric as Chief Financial Officer

Empiric Student Property plc appoints Lynne Fennah as Chief Financial Offer with effect from 26 June 2017. She is a Chartered Accountant (having trained at Moore Stephens) with over 30 years' experience, including in the real estate and hospitality sectors.  Most recently, she has been Chief Financial Officer of Palmer Capi...
Monday, 24. April 2017
Custodian REIT acquires retail units on historic Chester rows

Custodian REIT acquires retail units on historic Chester rows

Custodian REIT PLC has acquired one of the iconic ‘Rows’ properties in Eastgate Street in Chester City Centre for €3.24 million (£2.75 Million). Custodian REIT has recently purchased the two adjacent properties on Eastgate Street and continues to look for other investment opportunities.
Monday, 24. April 2017
Kick-off for major warehouse development in Liverpool

Kick-off for major warehouse development in Liverpool

Stoford Developments and Gallan Group have today announced that the redevelopment of a key employment site at Stonebridge Cross in Liverpool - with 1.2 million sq ft of warehouse and logistics units - is set to go ahead. The announcement comes after Everton FC's decision to build its new stadium at Bramley Moore Dock.
Monday, 24. April 2017
Moorfield and Glenbrook will develop a 270 unit scheme at Erie Basin

Moorfield and Glenbrook will develop a 270 unit scheme at Erie Basin

Moofield has completed the acquisition of the €59m (£50m) Manchester MediaCityUk Build to rent scheme. Work on the last undeveloped site overlooking Erie Basin in Salford Quays is set to start following the partners’ acquisition of the site from Peel and the granting of planning permission. The Build to Rent (BTR) development...
Monday, 24. April 2017

LXi REIT acquires the Cambridge Belfry Hotel at Cambourne

The LXi REIT plc has acquired the Cambridge Belfry Hotel at Cambourne in Cambridge. The purchase price for the property is €21.84million (£18.53 million), reflecting a net initial yield of 6.1% on the asset acquisition (net of acquisition costs to the company).
Monday, 24. April 2017

L&G secures London industrial investment for €61m

Legal & General (L&G), on behalf of its UK Property Fund, has acquired a prime Greater London industrial estate and office investment for €61.12m (£51.85m), reflecting a net initial yield of 6.15%.
Monday, 24. April 2017
Atlantis Resources picks up Quay² new Grade A office space

Atlantis Resources picks up Quay² new Grade A office space

Atlantis Resources has expanded and relocated its Edinburgh operation to Quay² in Fountainbridge, in a deal brokered by CuthbertWhite, Knight Frank, and Mhairi Jarvis. The renewable energy company has acquired 3,896 sq. ft. of Grade A office space at the building, moving from its current 2,650 sq. ft. accommodation at 90A Geo...
Friday, 21. April 2017

IDI Gazeley appoints Graeme Munro as UK Construction Director

IDI Gazeley has appointed Graeme Munro as Construction Director for the UK. He will start in the role in June 2017. The appointment of Munro further strengthens IDI Gazeley’s ability to deliver best-in-class customer service to retail, manufacturing, logistics and distribution customers across the UK. Munro will be responsibl...
Friday, 21. April 2017

Land Securities and Delancey exit The Metro Shopping Fund

Land Securities and Delancey have exited The Metro Shopping Fund following completion of the sale of the 50 per cent stake in Southside Shopping Centre currently held by DV4, clients of Delancey, to Invesco Real Estate for €179m (£150m), and the sale of Land Securities 50 per cent stake in ShopStop, Clapham Junction to DV4. T...
Friday, 21. April 2017

Hammerson signs €430.3 million Revolving Credit Facility with a 5 year maturity

Hammerson announces the syndication and signing of a €430.3 million (£360 million) unsecured Revolving Credit Facility (RCF) at an initial margin of 90 basis points with a syndicate of fourteen international banks. The facility has a maturity of five years which may be extended to a maximum of seven years.
Friday, 21. April 2017

Marylebone outperforms Prime Central London in annual figures

Marylebone is the top performing area of Prime Central London (PCL) over the past twelve months, according to data by Knight Frank. Marylebone has seen a 0.7% rise in prime residential prices over the last 12 months (March to March), with this uplift outperforming the rest of PCL, which averaged -6.4%.
Friday, 21. April 2017

London's West End divides in two

Aston Chase reveal that since the start of January 2017 there has been a 75% increase in enquiries and a 50% increase in sales across London's 'Upper West End' from a combination of Dollar based purchasers and UK domestic purchasers, all buying for owner occupation. In the last three years London's ultra prime West End region...
Friday, 21. April 2017
Yields under pressure as investors continue to chase commercial property

Yields under pressure as investors continue to chase commercial property

The weight of money looking to invest in commercial property is driving down yields, according to Birmingham-based specialist real estate asset management company, Blue Marble Asset Management which says that the investment market has improved in the past three months. In the Spring 2017 Edition of the Blue Marble Barometer, ...
Friday, 21. April 2017
CBRE appoints Peter Victor as Head ofits Tenant Representation and Acquisition services

CBRE appoints Peter Victor as Head ofits Tenant Representation and Acquisition services

CBRE has hired international office market expert Peter Victor, to lead its Tenant Representation and Acquisition services for occupier clients across the EMEA region. Peter Victor is joining CBRE from Cushman & Wakefield in London where for the past 10 years he led the group’s EMEA cross-border Tenant Rep and Agency Leasing ...
Friday, 21. April 2017

Regus opens first Lewisham centre

Regus has announced plans to open its first business centre in Lewisham. The deal is further evidence of Regus’ UK network expansion as demand for flexible workspace continues to increase. The centre, which is due to open this summer, will occupy three floors (12,800 sq ft) of Romer House on Lewisham High Street.
Friday, 21. April 2017
Further lettings seured at City Tower in Manchester

Further lettings seured at City Tower in Manchester

Schroder Real Estate Investment Management has secured a further 47,500 sq ft of new office lettings at City Tower, Manchester, taking total new secured income post its refurbishment of the vertical business district to over €1.7 million (£1.4million). The National Institute for Health and Care Excellence („NICE“) has complet...
Thursday, 20. April 2017

Investec provides Ballymore Group with €21.5 million investment financing

Investec Structured Property Finance has agreed to provide an €21.5 million (£18 million) loan to Ballymore Group. The loan will be used inter alia to enhance existing income at two light industrial sites in Silvertown, in the East London Borough of Newham, whilst Ballymore seeks to secure residential-led planning consent at ...
Thursday, 20. April 2017