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Lothbury Investment Management, on behalf of Lothbury Property Trust, is to fund a development of a new Malmaison boutique hotel in York. The new hotel, which is a redevelopment of a 1960s landmark building previously known as Yorkshire House, is on Rougier Street, within the historic city walls and close to York’s railway st...
Chiswick Park Enjoy-Work has appointed Matt Coulson as Chief Executive Officer (CEO). Coulson will be responsible to lead and develop the business strategy for the 1.8 million sq ft office development in Chiswick, W4, managed by property management company Enjoy-Work. Coulson joined Chiswick Park Enjoy-Work as Operations Dire...
Continuing a trend seen for the past 18 quarters, overseas investment made up the majority of Central London office investment transactions in Q1 2018, according to global real estate advisor, CBRE. Overseas buyers were behind 79% of deals in the first quarter of the year and have accounted for more than 83% of all transactio...
Irish property company Ballymore and its Singapore partner, Oxley has completed the sale of its first building of its Dockland development in Dublin. Triuva has acquired the newly built, fully leased No.1 Dublin Landings on behalf of a separate account mandate from a German pension fund. The purchase price remains undisclosed...
The ability of households in France to purchase real estate finished 2017 at a high level, with a value of 114 compared to the base average level of 100. In other words, at the end of 2017, households were able to buy 14% more space than their average ability over the long term. „Households' ability to acquire real estate cha...
M&G Real Estate has unveiled plans for its new £100 million (c.€114 million) office development in the heart of Glasgow’s city centre at 33 Cadogan Street - The Grid. Providing 277,500 sq ft of Grade A space over 12 levels, The Grid will be a welcome boost to the city’s commercial property market and aims to deliver a best-i...
The White Company has chosen The Mall at Cribbs Causeway in Bristol as home for its largest store in the South West. According to intu and M&G Real Estate, The White Company will open a 4,000 sq ft unit at the centre, committing to a 10-year lease. The British brand will join the likes of John Lewis, Lakeland, and Marks & Spe...
The first House UK store has opened at Westgate Oxford, with four more locations to open before the end of June. The opening of the Westgate Oxford site coincided with the launch of the HouseUK.com online store. Two more stores, at The Lexicon in Bracknell and at Meadowhall in Sheffield, will open in the next two weeks while ...
Investec Structured Property Financehas assisted Comer Homes with a £45mn (c. €52mn) facility, for the development of the landmark Royal Winchester House, in the Berkshire town of Bracknell. Due for completion in 2020, work is already underway to transform the former site of the 3M headquarters into 311 studio, one, two and t...
After an 18-year career at Blackstone, Stuart Grant will join Stanhope PLC as Managing Director on 3 September 2018. He will also become a shareholder whilst David Camp will remain in his role as CEO.
LHG (London Hotel Group) has secured planning permission to turn a previously consented residential scheme into a 221 room c40,000sqft apart-hotel. Fulfilling the potential of a vacant 0.5-acre brownfield site on Tooting High Street, the development will include a café and restaurant, plus a rebuilt community club house and o...
M&G Real Estate has completed 115,900 sq ft of new lettings at Newton Aycliffe Industrial Estate in Darlington since the beginning of 2017, taking the asset to 90.65% occupancy. Having acquired the 677,000 sq ft site in 2013, over half a million square feet has been let in 51 deals. The deals included the letting of space at ...
Supermarket Income REIT invested £210.5m (c. €248.4m) in four supermarket assets in the first quarter, while declaring a quarterly dividend that put it on track to meets its annual payout guidance. The property investor declared a dividend of 1.375 pence per share (c. €0.02 per share), in line with its previous dividend. The ...
Prologis' occuancy in the first quarter of 2018 remianed high at 96.6%, with the company signing 336,000 square metres of new leases and 413,000 square metres of renewals in this opening quarter. The company owned or had investments in, on a wholly-owned basis or through co-investment ventures, properties and development proj...
BBC Cymru Wales has received the key for its new headquarters in Cardiff. The new £100m (c. €115.5) building is adjacent to Cardiff Central train station. Installing broadcast technology will take 18 months, with the first employees likely to in by the end of 2019. Legal & General, in partnership with Rightacres Property Com...
The Standard Life Investments UK Shopping Centre Trust has signed a deal with Darwin & Wallace to open an innovative bar and dining experience at Centre Court Shopping Centre in Wimbledon. Darwin & Wallace has signed a 15-year lease on a 7,297 sq ft unit that will be transformed into one of its bespoke, ‘neighbourhood’ bars, ...
Northamptonshire County Council have accepted a sale and leaseback of its One Angel Square headquarters to Canada Life Investments for £64m (c.€73m). The sale and leaseback of this building will help the council fund the transformation of services and the transformation of governance in the county in partnership with district...
Vincent Wathelet has been appointed Head of Belgium and Luxembourg for Allianz Real Estate. He has been Acquisition Manager for the region since 2015. Based in Brussels, Wathelet is responsible for a €708 million portfolio owned by Allianz companies, composed predominantly of office assets in the cities of Brussels and Luxemb...
