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» Chronological View: " UK " «

South Korean investment to top £3bn in City of London

South Korean investment into City of London offices is expected to top £3 billion in 2018, according to the latest research from Savills; the highest volume of Korean investment ever recorded in London. Year to date South Korean investment totals £1.95 billion across four transactions, with a number of other transactions unde...
Friday, 21. September 2018

Tishman Speyer and PSP sell London`s Verde for over €500m

Tishman Speyer today announced two further deals. The company has completed the sale of their £500m Verde office block in Victoria, SW1. Purchaser of the mixed-use property in London’s West End is Deka Immobilien. At the same time, the asset manager has acquired the German „Bürohaus an der Alten Oper“, a trophy asset with val...
Friday, 21. September 2018

Outlet centre market expanding F&B provisions increases

The UK’s outlet centre market is undergoing significant growth through a mix of new development and expansion of existing schemes, according to international real estate advisor Savills. This is partly being driven by an increase in food and beverage (F&B) provision across all scheme types, doubling since 2011 to an average ...
Friday, 21. September 2018

Berksha signs for exklusive Welsh store at St. David’s

The St David’s Partnership, owners of St David’s in Cardiff has revealed that international fashion label, Bershka, has selected St David’s for a new 11,190 sq ft store, a first for the brand in Wales.
Friday, 21. September 2018

UTV’s Havelock House sold to Olympian Homes

Havelock House, the former headquarters of UTV, Northern Ireland’s largest commercial television broadcaster for almost 60 years, has been acquired by UK development firm, Olympian Homes. The sale was handled by Savills Northern Ireland.
Friday, 21. September 2018

KanAm Grund European Cities invests in London, Lyon and Antwerp

The KanAm Grund Group has set up a new real estate fund for institutional investors, and within less than two months has purchased properties worth over €130 million for it. The KanAm Grund European Cities fund, which was set up especially for a northern German pension fund, has by now acquired office buildings in the City of...
Thursday, 20. September 2018

Octopus Property bolsters regional presence with three new BDM appointments

Octopus Property has made three new Business Development Manager appointments, as it continues to grow the loan book and transact record volumes. Strengthening its regional sales teams, the new BDMs are Samantha Graydon in the Home Counties, Michelle Walsh in the West of England and Chris Timms in the Midlands.
Wednesday, 19. September 2018

HPPUT makes £18.25 million central Manchester office acquisition

HPPUT has purchased the freehold interest in 76 King Street in Manchester from Aprirose for £18.25 million (c. €20.6 million). The city centre building comprises two ground-floor retail units and four upper floors of offices, providing a total of 41,414 sq ft of space. The property is fully let, with tenants including service...
Wednesday, 19. September 2018

£2.5m Sheffield business park secures Neways Chartered Building Company as first tenant

Neways Chartered Building Company is the first company to relocate to a newly developed £2.5m (c. €2.8m) Sheffield business park. The speculative investment at Winston Business Park by owners L&T Grayson Investments Ltd, prompted the move by Neways, which started as a small, family business back in 1971 and has grown to becom...
Wednesday, 19. September 2018

Morphe Cosmetics signs fot first szore outside of London at Bullring

Hammerson's Morphe Cosmetics brand is to open its first store outside of London and second in the country at the Bullring Estate, Birmingham’s iconic shopping destination comprising Bullring, Grand Central and Link Street. The US make-up brand will take a 3,300 sq ft unit on the middle level of the Bullring, alongside fashio...
Wednesday, 19. September 2018

UKCP REIT acquires M8 Industrial Estate near Glasgow for £24.6 million

UK Commercial Property REIT Limited (UKCP REIT) has acquired the M8 Industrial Estate near Glasgow from Grayling Capital for a headline price of £24.6 million (c. €27.7 million), based on a topped up net initial yield of 5.9%. The acquisition is being funded through existing cash resources. M8 Industrial Estate, comprises 20 ...
Wednesday, 19. September 2018

Grainger signs £52m construction contract on its Newbury PRS scheme

Grainger plc has appointed Engie Regeneration Limited as the main contractor to Grainger’s Newbury PRS scheme, which will deliver 232 new homes for rent and improved pedestrian access from Newbury train station to the town centre. Construction on the scheme, being developed by Grainger in partnership with West Berkshire Counc...
Tuesday, 18. September 2018

Rent24 takes majority stake in coworking provider The Brew

The coworking and coliving provider Rent24 is taking a majority stake in its UK counterpart The Brew and thus now operates five coworking spaces in London all at once. The takeover ensures Rent24 has market access in the United Kingdom. The new locations in the Shoreditch district of London will in future operate under the na...
Tuesday, 18. September 2018

University of Bath and South Gloucestershire Council to purchase Science Park

The University of Bath and South Gloucestershire Council have teamed up to successfully purchase the Bristol & Bath Science Park in a joint £18 million (c. €20.2 million) bid. The new owners will use their complementary strengths, expertise and networks to fully realise the park's potential as a centre of excellence for resea...
Tuesday, 18. September 2018