All Property Week articles in 2 September 2011
View all stories from this issue.
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OnlineLivingstone brothers chosen for Von Essen flagships
The Livingstone brothers have been selected as the preferred bidders for the Von Essen flagship hotels, the Cliveden and the Royal Crescent in Bath.
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NewsPODCAST: Pearl pans planning rules
Planning rules that rigidly dictate particular building uses in particular geographic areas are damaging to the property industry, Structadene chairman David Pearl, tells Property Week in this month’s podcast
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Markets
Segro’s Sough offices plan
Segro has submitted an outline planning application for its Leigh Road masterplan, which comprises 1.3m sq ft of offices on Slough Trading Estate. The scheme, which is part of the wider masterplan for the revitalisation of the estate, is scheduled to come before Slough Borough Council’s planning committee in September.
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MarketsNewbury Parkway prepares to pull up shutters
The scaffolding is beginning to come down, revealing the facade of Shearer Property Group and Standard Life Investments’ £120m Parkway retail development in Newbury town centre ahead of its opening month
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Markets
Medical researcher’s new manor
ALK Abello has taken 4,200 sq ft of offices at RO Developments’ 16,500 sq ft refurbished 1 Manor Park building near Reading. The medical research company has signed a 10-year lease with a five-year break at £21.50/sq ft. Knight Frank and Strutt & Parker were the letting agents; Vail Williams ...
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Professional
Phone mast legislation under review
Law Commission investigation may help property owners that have been “held to ransom” by telecoms companies
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NewsMorgan Stanley’s Irish seize
Fund joins forces with local Merrion Property Group to take advantage of moribund market
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Markets
Invista’s second round at Stockley
Three institutional funds have been shortlisted in a second round of bidding to buy the investment of Invista Real Estate Investment Management’s 78,540 sq ft multi-let office block at 3 Furzeground Way on Stockley Park near Heathrow. CB Richard Ellis is quoting a price of £21.8m, which represents a yield ...
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MarketsING’s Maidenhead retail voyage
ING Real Estate Development is poised to submit plans for a £100m mixed-use scheme in Maidenhead town centre
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NewsTJ Hughes landlords in legal revolt
F&C Reit Asset Management and Frogmore seek payment of rent on stores trading in administration
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Markets
Thatcham’s Omega House sale
Phabrix 2011 Pension Scheme has bought the freehold of the vacant Omega House in Thatcham from Metabolics Pension Scheme for £725,000. The refurbished office building totals 9,827 sq ft. Charlie Heckstall-Smith advised Metabolics; Haslams and Campbell Gordon were the selling agents; Brunsden Associates advised the purchaser.
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InsightHotel owners should wait to sell last, but not leased
It is now 10 years since I started banging the drum about the benefits of “bricks and brains” splits of assets and the operators in the hotel sector
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News
TK Maxx takes Golden opportunity
TK Maxx will open a store at Golden Square shopping centre in Warrington. The discount designer store will take 20,380 sq ft on a new 20-year lease at £315,000 a year. Morgan Williams advised TK Maxx; Jones Lang LaSalle advised the landlord, Warrington Retail Limited Partnership.
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MarketsGlobal occupiers on the move in Thames Valley
Big names likely to make a dent in 20% vacancy rate
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News
Pradera follows Orchard St in Wales
Fund manager Pradera is poised to buy Cardiff Gate retail park for £38m
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ProfessionalTake five: Parking payment methods
When deciding which parking payment process to implement, it is important to identify what you are trying to achieve as a business or property owner. Are you aiming for a greater turnover of customers, safer parking or a more efficient process?Once you have identified these goals, you can then look ...
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ProfessionalTake five … failures of PFI procurement
On 19 August, the Treasury select committee made a scathing attack on the private finance initiative, which has been widely used to fund and develop government building projects. It made its criticisms in a report, ahead of Treasury plans to consider reform of the procurement method this autumn. Here are ...
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News
Emerging markets prop up prime retail as Europe slips
Cushman report says global rents grow by just less than 5%, led by Asia-Pacific and Latin America
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News
Tyne turbine factory dropped
Clipper Windpower has dropped plans to open a manufacturing plant at Neptune Estate on the banks of the Tyne
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Markets
Stanhope to slim down Madejski Reading plan
Benson Elliot and Stanhope aim to submit a new scaled-down planning application for their Station Hill scheme early next year
