Investment
Property Week
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British Land steams into Paddington
24 May 2013
British Land is in talks with Aviva Investors to buy its interest in the Paddington Central scheme.
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Allsop raises £55m at last sale
24 May 2013
Allsop raised £55m at its last sale, the commercial auction house announced today.
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Kennedy Wilson king of Castle
24 May 2013
Kennedy Wilson Europe has been selected to buy the Castle Market Holdings portfolio for just more than €300m.
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MedicX Fund moots merger with rival Assura
24 May 2013
MedicX Fund is planning a takeover of rival healthcare company Assura Group which, if successful, would create the largest healthcare property company in the UK
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Lloyds refinances IM Properties loan
24 May 2013
New £82.8m facility underlines bank’s commitment to regions
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US REITs flock to £1.2bn Barchester assets
24 May 2013
A debt sale earlier this month has raised the prospect of a battle between a group of huge US REITs for the £1.2bn portfolio of one of the UK’s biggest carehome owners.
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F&C REIT sell up on High Street Ken
22 May 2013
F&C REIT has today announced that it intends to sell 106-166 High Street Kensington.
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Terrace Hill Group acquires residential assets worth £5.3m
22 May 2013
Terrace Hill Group has acquired the 47 remaining assets within its residential joint venture for £5.3m and plans to dispose of them to owner occupiers.
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USS deal to buy Bath Southgate share collapses
20 May 2013
The Universities Superannuation Scheme has pulled out of a deal to buy a 50% stake in the new Bath Southgate Shopping Centre for just under £115m.
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Met Police in 10m sq ft agency shake-up as it unveils 29 new disposals
17 May 2013
The Metropolitan Police is planning a shake up of its retained property advisers, as it works to offload more than 3m sq ft of property over the next three years, PropertyWeek.com can reveal.
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Singer Vielle launches franchise operation
17 May 2013
London investment agency Singer Vielle has launched a franchise operation, signing up George Turnbull of Altitude Investments to operate under its brand in Bristol and the West Country.
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Capstick-Dale to expand Lighthouse site
17 May 2013
Nick Capstick-Dale’s UK Real Estate has bought a site neighbouring his Lighthouse building in King’s Cross which will allow him to work up an extended 50,000 sq ft scheme.
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Agency blooms with new upmarket brand
17 May 2013
The UK’s largest independent agency has launched a new upmarket arm in response to demand from clients for a “niche” agent.
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Both investors and supermarkets will gain from marriage of convenience
17 May 2013
In the last few weeks, we have had strategic updates from all of the big food retailers and the shift in their attitude towards new stores has been marked.
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British Land targets further £500m investments this year
17 May 2013
But pain in Spain leads cash-rich REIT to put European retail portfolio up for sale.
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Global capital flows are now what move markets
17 May 2013
Overseas capital has for a long time played a significant role in the key property markets of Europe, but rarely has it been as noticeable and important as it is today.
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No news is good news on yields
17 May 2013
Prime yields were unchanged in April at an average of 5.81% across all sectors — a 419 basis point premium to 10-year government bonds, reports Cushman & Wakefield in its latest prime investment yields update.
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Hansteen portfolio value up 4.1%
16 May 2013
Property investment firm Hansteen Holdings says the value of its portfolio increased by 4.1% or £43.2m, driven by the Sterling/Euro exchange rate.
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Film studio expansion rejected
16 May 2013
South Buckinghamshire District Council has rejected plans by Pinewood studios for a £200m expansion at its headquarters in Iver Heath, west of London.
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Germans in £225m Kensington buy
15 May 2013
The German owners of the Liberty department store in the West End, are under offer to buy Kensington Roof Gardens on London’s Kensington High Street for around £225m.
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Legal & General buys Uxbridge trio
15 May 2013
Legal & General Property has today announced that it has bought a trio of office buildings at a cost of £34m.
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Goodman completes Oxford sale for £29m
15 May 2013
Goodman has completed the sale of a headquarters building at Oxford Business Park to the Charles Street Building group for £29.1m.
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Grosvenor Fund Management buys £68m Midtown block
13 May 2013
Grosvenor Fund Management is in talks to buy an office block in London’s Midtown for around £68m.
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Patron makes senior investment hire
13 May 2013
Patron Capital Partners has today announced the appointment of a new senior adviser working in Patron’s investment operations.
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Unite predicts 3% rental growth as reservations remain strong
13 May 2013
Unite has predicted that it will experience rental growth of 3% this year as reservations for the 2013/14 intake have already reached 75%.
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M&G teams up with institutional investors in £237m deal
10 May 2013
M&G Real Estate has linked up with an Asian institutional investor to buy a 70% stake in three Tesco superstores at a cost of £237m.
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Ares aims for Area
10 May 2013
Sale of US business would be one of highest-profile property fund management deals of recent years
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Ares aims for Area
10 May 2013
Sale of US business would be one of highest-profile property fund management deals of recent years
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Former Starwood head beds in hotel investment firm
10 May 2013
Desmond Taljaard’s Mildmay Capital targets £250m of “good assets with bad balance sheets”.
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No end in sight for investors’ love affair with London
10 May 2013
Overseas equity continues to be attracted; professional services will offset financial occupiers’ retrenchment
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Property savvy Middle Eastern women have investment instinct
10 May 2013
The CBRE residential team in London is constantly exploring new markets.
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They don’t like the French and they don’t care about returns
10 May 2013
It has been quite a year so far. We all came back into work in January with huge enthusiasm for the challenges in front of us and generally the level of confidence was high.
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Sir Alex Ferguson’s rollercoaster foray into property
8 May 2013
Sir Alex Ferguson announced today that he will step down as manager of Manchester United after 26 years and 38 trophies. Property Week takes a look at the Scot’s foray into property investment over the years which include highs and lows to rival a Manchester derby.
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Pears completes Barnet mall buy at 8% yield
8 May 2013
Pears Group has confirmed its completion of the purchase of the Spires shopping centre in Barnet from UBS for £31.2m.
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Boultbee buys Shoreditch block at 7.54% yield
7 May 2013
Boultbee has bought 20-26 Brunswick Place in London’s Bloomsbury at a yield of 7.54%.
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Singaporeans in £84m London debut
3 May 2013
Singapore investor Sinar Mas Land has bought the New Brook Buildings in London’s Covent Garden from Henderson Global Investors for £84m.
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Great Exportations
3 May 2013
Promoting the UK’s ninth-biggest export- London residential - to foreign buyers could help to improve the country’s economic fortunes. Emma Haslett reports.
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London polarisation will lead investors to alternatives
3 May 2013
The IPD UK Quarterly Index highlights continuing polarisation between London and the rest of the UK. Strong occupier conditions and investment demand are propelling returns in the capital far ahead of the broader market.
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LandSecs finds buyer for 100,000 sq ft Southwark office block
1 May 2013
Land Securities has found a purchaser for its office building at 42 Southwark Bridge Road, PropertyWeek.com can reveal.
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"Things are better than feared" says DTZ report
1 May 2013
DTZ has suggested that there is “mounting evidence of recovery” in UK property, driven by an increase in non-bank lending and also banks sorting out their balance sheets.
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Greenwich Peninsula building up for grabs at £110m
1 May 2013
Fourteen Pier Walk in London’s Greenwich Peninsula has been brought to the market by Deka Immobilien.
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Evans Randall to make residential debut in Mayfair
1 May 2013
Evans Randall has completed two property deals in London’s Mayfair, ultimately expected to be worth a total of nearly £100m, including its debut residential deal.
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Resolution & British Land head-to-head in Shoreditch
29 April 2013
British Land and Resolution Property have become the final two parties in the bidding process for a large property development opportunity in Shoreditch that is being sold by the City of London Corporation.
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Resolution and British Land go head-to-head in Shoreditch
29 April 2013
British Land and Resolution Property have become the final two parties in the bidding process for a large property development opportunity in Shoreditch that is being sold by the City of London Corporation.
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LSH closer to restructure
26 April 2013
Lambert Smith Hampton has moved a step closer to a full restructure after Sankaty Advisors agreed to acquire its junior debt, as well as an equity interest in the firm.
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Pramerica Real Estate raises €520m for debt fund
26 April 2013
Pramerica Real Estate Investors has closed its Pramerica Real Estate Capital III fund after it raised “up to” €520m (£438m) from Dutch pension fund APG.
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Catalyst’s £1bn UK fund launch
26 April 2013
Catalyst Capital has launched a €1bn European fund focused on the office and retail market.
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Thames Valley is ‘middle way’ for overseas investors
26 April 2013
Sir, Lambert Smith Hampton’s latest investment survey indicated a couple of emergent trends that merit comment (Pricey London pushes investors to provinces, intelligence, 19.04.13).
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Four per cent yield in £37m Brook Street deal
25 April 2013
Lancashire County Pension Fund has sold the virtual freehold interest in 10 Brook Street in London’s West End for £36.75m, at a yield of 4.06%.
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South Korean investors snap up £142m EC2 property
24 April 2013
Samsung SRA Asset Management has purchased 30 Crown Place in EC2, London on behalf of South Korean institutional investors.
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Scottish Widows completes almost £50m of transactions
24 April 2013
Scottish Widows Investment Partnership, on behalf of the Scottish Widows Unit Fund (SWUF) has completed almost £50m of transactions in central London it announced today.
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Foreign investors continue interest in London
24 April 2013
Total investment into the central London property market rose 9% to £2.91bn in the first quarter of 2013, research by BNP Paribas has shown.
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Henderson acquires designer outlet site in China
23 April 2013
Henderson has acquired a development site in the Pudong New District of Shanghai.
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Strand block sold at 4.6%
22 April 2013
Aviva Investors has sold the long leasehold of an office building on the Strand for a yield of 4.6%.
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Property industry dominates Rich List
22 April 2013
The property industry’s big hitters dominated the top of the Sunday Times Rich List yesterday, with the Reuben brothers named the richest property professionals, stealing the crown from the Duke of Westminster.
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Property industry dominates this year's Rich List
22 April 2013
The property industry’s big hitters dominated the top of the Sunday Times Rich List yesterday, with the Reuben brothers named the richest property professionals, stealing the crown from the Duke of Westminster.
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LaSalle buys first Britannica Fund mall for £30m
19 April 2013
LaSalle Investment Management has bought the first shopping centre out of the collapsed £350m Britannica Fund.
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Lend Lease planning Bluewater sale
19 April 2013
Lend Lease could raise up to £350m by selling off its 30% stake in the Bluewater shopping centre in Kent.
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Ignis to launch £350m fund
19 April 2013
Ignis Asset Management is preparing to launch a £350m fund aimed at institutional investors.
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High yields tempt Grosvenor to venture beyond Mayfair
19 April 2013
Indirect investments into sectors such as industrial accounted for £49m of company’s £87m profits last year
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New Yorker takes on Covent Garden
19 April 2013
New York-based investment firm Northwood Investors is close to buying 90 Long Acre in London’s Covent Garden for around £160m-£165m, PropertyWeek.com revealed this week.
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Pricey London pushes investors into the provinces
19 April 2013
Total UK investment volumes rose 8% in the first quarter of 2013, a rise driven by larger lot sizes and an increase in portfolios of regional property being sold.
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London Bridge Quarter site bought by Sellar
18 April 2013
Sellar Property Group and the State of Qatar have purchased CLS Holdings’ interest in Fielden House, which is adjacent to the pair’s Shard and The Place developments.
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Intu buys Watford centre
18 April 2013
Intu Properties has today announced that it has bought Charter Place shopping centre.
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DTZ appointed to sell £80m Victoria block
18 April 2013
The Irish Banking Resolution Corporation has put Great Minster North in London’s Victoria up for sale, PropertyWeek.com can reveal.
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Aviva predicts secondary market turnaround
18 April 2013
Aviva Investors has predicted a revival in fortunes for the maligned secondary property sector.
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Dublin’s Trinity Capital Hotel on sale for €35m
17 April 2013
The Trinity Capital Hotel on Dublin’s Pearse Street is to be offered for sale through CBRE Hotels.
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Klin Group goes exclusive on Diageo site in Kilmarnock
16 April 2013
Kilmarnock-based Klin Group has signed an exclusivity agreement with Diageo to redevelop the former Diageo bottling plant in Kilmarnock.
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Government unveils first tranche of £1bn build-to-rent fund
16 April 2013
The government has announced details of the first tranche of recipients of its £1bn build-to-rent fund.
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Ballymore confirms £100m Old Spitalfields Market sale
16 April 2013
Ballymore Group has confirmed that it will put its Old Spitalfields Market scheme in the City of London up for sale with a guide price of around £100m.
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Americans snatch £165m site from Native Land
16 April 2013
A New York-based investment firm, led by former Blackstone chief executive John Kukral, is close to buying 90 Long Acre in London’s Covent Garden for around £160-165m, PropertyWeek.com can reveal.
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Americans snatch £165m Covent Garden site from Native Land
16 April 2013
A New York-based investment firm, led by former Blackstone chief executive John Kukral, is close to buying 90 Long Acre in London’s Covent Garden for around £160-165m, PropertyWeek.com can reveal.
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Sheffield launches £23m property and infrastructure fund
15 April 2013
A new £23m fund to invest into property and infrastructure in Sheffield has been launched and will be managed by CBRE.
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PHP extends portfolio
15 April 2013
Primary Health Properties has bought two new properties while maintaining a 99.7% occupancy rate across its existing portfolio.
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CLS disposes of Southwark interest
12 April 2013
CLS Holdings has disposed of its interest in Fielden House, Southwark.
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Blackrock to sell West End redevelopment opportunity
12 April 2013
Blackrock is to bring to the market a major redevelopment or refurbishment opportunity at 125 Shaftesbury Avenue.
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Driving the green agenda through a sustainable supply chain
12 April 2013
Acknowledgement that sustainability will have a material influence upon the investment performance of real estate is growing, and there is an increasing obligation to consider this aspect when we acquire, develop, and manage.
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Tristan fund acquires Berlin offices
11 April 2013
Tristan Capital Partners’ Episo 3 fund has bought two office buildings in Berlin for an undisclosed amount.
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Opal assets up for sale
10 April 2013
Ernst & Young Real Estate Corporate Finance has been appointed to advise on the sale of a portfolio of 19 Opal student and professional housing assets across the UK.
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Chinese to buy £260m Lloyd’s building
10 April 2013
The Lloyd’s building is to be sold to the Chinese life insurance company Ping An for about £260m.
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Chinese to buy London’s £260m Lloyd’s building
10 April 2013
The Lloyd’s building is to be sold to the Chinese life insurance company Ping An for about £260m.
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German consortium buys 32,000 homes in €2.5bn Bavaria deal
9 April 2013
A German property company has purchased a 92% stake in real estate firm GBW AG, in a deal to buy 32,000 homes and 300 commercial units in Bavaria.
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Crown enlists Canadian giant for £320m scheme
9 April 2013
The Crown Estate is close to picking one of Canada’s biggest pension funds to help it fund the development of St James’s Market, a scheme at the centre of its regeneration of the St James’s district.
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Crown enlists Canadian giant for £320m St James’s Market scheme
9 April 2013
The Crown Estate is close to picking one of Canada’s biggest pension funds to help it fund the development of St James’s Market, a scheme at the centre of its regeneration of the St James’s district.
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Government forges Vulcan House deal
8 April 2013
The freehold interest of Vulcan House in Sheffield has been bought by the government for £16m.
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Quill readied for sale
5 April 2013
A controversial 357 ft student accommodation tower in Southwark is close to being brought to the market.
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Frogmore fund’s £45.5m payday
5 April 2013
Frogmore has collected £45.5m after Dorchester Group repaid a loan made by the group on a 1,200 acre former US air base Heyford Park, near Oxford.
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Moorfield completes first closing for £1.25bn fund
5 April 2013
Moorfield Real Estate Fund III plans to buy UK property, using capital from Europe and US investors
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As good as it got: baby boomer years of easy returns may be over
5 April 2013
Leaving aside some fairly serious economic bumps along the way, the baby boomer generation has enjoyed the extraordinary privilege of positive real interest rates for most of their working lifetimes.
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Help to Buy is all well and good, but where are the actual homes?
5 April 2013
Assuming you’re not a massive beer drinker, the best news in George Osborne’s budget was that at last the Treasury seem to have understood that if they want to stimulate the economy by investing in an asset class, by far the best on offer is residential property.
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Need to know: IPF questions valuation reporting
5 April 2013
Investment Property Forum challenges accepted processes. Sarah Townsend reports
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Oz ‘super’ fund in City debut
5 April 2013
Pension investor to buy Exchequer Court
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Prupim back in private rented with £105m Berkeley buy
5 April 2013
M&G Investments subsidiary picks up 534-home portfolio in second purchase in sector
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Japanese giant buys 265 Strand
4 April 2013
NTT Urban Development, a subsidiary of Japanese telecoms company Nippon Telegraph & Telephone Corporation, has bought 265 Strand for around £77m.
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Beltane in City double
4 April 2013
Beltane Asset Management has bought two City office buildings off-market for more than £20m with plans to refurbish the assets.
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Beltane buys two City offices
4 April 2013
Beltane Asset Management has bought two City office buildings off-market for more than £20m with plans to refurbish the assets.
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Henderson in Austrian warehouse acquisition
4 April 2013
Henderson Global Investors, on behalf of its German business Warburg - Henderson KAG, has acquired a retail warehouse in Austria.
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SEB Immoinvest completes €300m disposal
4 April 2013
SEB Asset Management has sold three properties in Berlin for a total of about €300m for its open-ended real estate fund, SEB Immoinvest.
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Great Ropemaker JV makes £30m east London buy
3 April 2013
The Great Ropemaker Partnership has completed the £30m purchase of 148 Old Street in EC1.
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Great Ropemaker JV makes £30m east London buy
3 April 2013
The Great Ropemaker Partnership has completed the £30m purchase of 148 Old Street in EC1.
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Troubled social housing provider finds Sanctuary
28 March 2013
Social housing provider Sanctuary Group has completed a takeover of troubled rival Cosmopolitan Housing Group to create the UK’s largest social housing landlord, with just under 100,000 homes under management.
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£121m debut UK deal for Hong Kong investor
28 March 2013
Hong Kong-based investor, Peterson Group, has made its UK debut with a £121m forward funding deal.
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NewRiver and Pimco pick up £50m Middlesbrough mall
28 March 2013
NewRiver Retail and US bond investor Pimco are in talks to buy a shopping centre in Middlesbrough for around £50m, in what would be the pair’s second joint venture.
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Standard Life makes big profit in Brazil
27 March 2013
Standard Life Investments’ Select Property Fund has made a 71% profit on two investments it made in Brazil in 2010 and has now sold out of the country.
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Prupim and Hermes exchange on £190m shopping centre swap
26 March 2013
Prupim and Hermes Real Estate have exchanged contracts on their Milton Keynes and Guilford shopping centre swap, as first revealed by Property Week in December.
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Capital Economics: UK Commercial Property Data - Institutional Investment Q4 2012
25 March 2013
Net property investment still solid but unspectacular
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Hotel group buys Hercules House in Waterloo for possible conversion
25 March 2013
PPHE Hotel Group has bought the government-let Hercules House near Waterloo Station, in London, for £23.5m with plans to potentially convert it into a hotel.
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CBRE drafted in as Gherkin investors face chop
22 March 2013
Private investors in IVG could lose out because of exchange rate fluctuations; new equity sought
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Qatar at a crossroads
22 March 2013
With the future of Chelsea Barracks open to question, the Qatar Investment Authority has begun to take a more considered approach to investing in London. Nick Johnstone reports
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Glasgow shopping centre on market for £180m
21 March 2013
Ivanhoe Cambridge is preparing to put its St Enoch shopping centre in Glasgow city centre up for sale with a price tag of around £180m, Property Week can reveal.
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Secret donation halts Royal Institution sale
20 March 2013
The sale of the Royal Institution’s headquarters building in London’s Mayfair has been put on hold after the society received an anonymous £4.4m donation.
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Secret donation saves Royal Institution from £60m sale
20 March 2013
The sale of the Royal Institution’s headquarters building in London’s Mayfair has been put on hold after the society received an anonymous £4.4m donation.
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Tamar continues selling strategy in face of gloomy results
20 March 2013
Close-ended investment company, Tamar European Industrial Fund posted a gloomy set preliminary results this morning.
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Hermes buys £56.5m Chiswick Tower
19 March 2013
Hermes Real Estate has bought Chiswick Tower in west London for £56.5m.
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L&G and Patron buy housebuilder stake
18 March 2013
One of the UK’s largest pension funds has acquired a controlling stake in a Scottish housebuilder.
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Australian Future Fund prepares to sell 33% stake in Bullring
18 March 2013
The £60bn Australian Future Fund is preparing to sell its 33% stake in Birmingham’s Bullring shopping centre.
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L&G and Patron buy housebuilder stake
18 March 2013
One of the UK’s largest pension funds has acquired a controlling stake in a Scottish housebuilder.
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Hotel investment to enjoy rosy 2013
15 March 2013
The latest global hotel research produced by Savills claims that 2013 could be a “significantly stronger year” for investment.
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L&G to market second Property Income fund
15 March 2013
Legal & General Property has today announced that it will market its second UK Property Income Fund.
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Axa’s Vaquier leads Asian investment vanguard
15 March 2013
Axa Real Estate Investment Managers chief plans to lend €3bn of equity and is tying up with sovereign wealth
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MIPIM sunshine should further thaw demand in UK
15 March 2013
Prime yields were stable last month, averaging 5.83% across all sectors.
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MIPIM 2013: Cushman predicts best year for property since 2007
14 March 2013
Cushman & Wakefield expects global property investment volumes to exceed $1trn in 2013.
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Islamic bank provides £20m for Hackney development
13 March 2013
The largest Islamic bank in Europe has today announced that it will provide a three-year finance facility of £20m for a development in Hackney.
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Capital & Regional post annual results
13 March 2013
Capital & Regional’s net asset value price per share has dropped to 51p in its annual results, published today.
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ECE buys Denmark's second largest mall for €400m
13 March 2013
ECE has bought Denmark’s second largest shopping centre for around €400m.
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MIPIM 2013: Irish investment volumes set to leap
13 March 2013
Irish investment volumes to increase by 67% in 2013.
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Osprey forward funds £40m Yorkshire supermarket development
13 March 2013
Private property investor Osprey Equity Partners has completed a £40m forward funding deal to buy a Tesco superstore to be built in Rotherham, Yorkshire.
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MIPIM 2013: $320bn of new capital available for investment in 2013
13 March 2013
$320bn of new capital will be available to invest in to commercial property this year according to research by DTZ.
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Strutt & Parker reveal international alliance
12 March 2013
Strutt & Parker has today announced an international alliance agreement with the financial advisor Catella.
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MIPIM 2013: Strutt & Parker announce international alliance
12 March 2013
Strutt & Parker has today announced an international alliance agreement with the financial advisor Catella.
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AXA and Gingko seal £472m City deal
12 March 2013
British Land announced today that it had sold Ropemaker Place for £472m, representing a 5.0% net initial yield to AXA Real Estate Investment Management, which is thought to be partnered with Chinese institution Gingko Tree Investment plus two other investors.
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MIPIM 2013: LaSalle sells shopping centre to CBRE Global Investors
12 March 2013
LaSalle Investment Management has sold a €117m shopping centre in Hannover to CBRE Global Investors.
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AXA and Gingko seal £472m City deal
12 March 2013
British Land announced today that it had sold Ropemaker Place for £472m, representing a 5.0% net initial yield to AXA Real Estate Investment Management, which is thought to be partnered with Chinese institution Gingko Tree Investment plus two other investors.
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MIPIM 2013: Surge in active property lenders in Europe
12 March 2013
There has been a 29% increase in the number of active lenders in Europe in the past year according to new research by Cushman & Wakefield.
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MIPIM 2013: More overseas investment in Birmingham expected, says GVA
11 March 2013
More than 30% of Birmingham’s office and retail space in the city centre is either fully or partially owned by overseas investors, according to the results of GVA’s annual “Who owns central Birmingham” report which will bereleased at Mipim this week.
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Singapore's GIC buys 50% stake in Turkish mall
11 March 2013
GIC Real Estate has bought a 50% stake in the Optimum Ankara Shopping Centre, in Turkey, for $82.5m.
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Marcus Cooper buys £80m London home
11 March 2013
Residential entrepreneur Marcus Cooper has bought an £80m house overlooking Regent’s Park in London.
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Great Portland buys £37m West End block
11 March 2013
Great Portland Estates has exchanged contracts to buy Orchard Court, in London’s West End, for £37m.
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Great Portland buys £37m West End block
11 March 2013
Great Portland Estates has exchanged contracts to buy Orchard Court, in London’s West End, for £37m.
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"One of the biggest problems for residential is government tampering", says John Coles
8 March 2013
Property’s top investment experts joined the Movers & Shakers panel this week to discuss alternative investments
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St Martins closes in £210m City of London block
8 March 2013
Kuwaiti property company St Martins is thought to be in talks to buy 70 Gracechurch Street in the City of London for £210m.
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L&G's £100m Leeds leisure acquisition
8 March 2013
Legal and General is to acquire The Light leisure scheme in Leeds for just under £100m.
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The wealth of nations
8 March 2013
Sovereign wealth funds from across the globe are keeping Europe’s investment markets busy. Claer Barrett reports
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"Capital investment entitles and obliges the otherwise absent investor"
8 March 2013
Just as company shareholders face criticism for being passive owners, so should property owners who don’t get involved as part-owner of the town where the property is located.
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"Italy has reminded global investors that the crisis is far from over"
8 March 2013
You have to hand it to Mark Carney, the next governor of the Bank of England.
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Blackstone’s Brazilian bonanza
8 March 2013
Chad Pike leads company’s Tactical Opportunities fund into $500m shopping centre development programme
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Blackstone’s Brazilian bonanza
8 March 2013
Chad Pike leads company’s Tactical Opportunities fund into $500m shopping centre development programme
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Our men in Panama
8 March 2013
The Livingstone brothers have sold out of South Africa to focus on building a new city in central America. Hardeep Sandher reports
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REIT and roll
8 March 2013
Ireland is about to get its very own REIT market. Property Week International reports on its chances for success.
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St Bride’s debuts with £20m Yorkshire fund
8 March 2013
White Rose Partnership launched to “supply extra liquidity” solely to UK region
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The New Territory
8 March 2013
Far Eastern investors have kept London’s residential market bouyant. Emma Haslett reports
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Kames Capital buys £29m office portfolio
6 March 2013
Kames Capital has bought a portfolio of eight office buildings for £29.3m on behalf of its Active Value Property Fund.
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CBRE Global Investors makes regional buys
6 March 2013
CBRE Global Investors has bought two retail units for £18m.
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Axa sells €65.8m of Swedish assets
6 March 2013
AXA Real Estate Investment Managers has sold four assets from its Alternative Property Income Venture to investment and asset management firm Nordika Fastigheter for €65.8m, with two assets then flipped on to a club of Swedish pension funds.
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CBRE Global Investors buys last two Seal portfolio industrial assets
5 March 2013
CBRE Global Investors has bought the last two industrial assets in the Seal portfolio from USS.
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US private equity firm in talks to buy £115m Project Tuscany retail portfolio
4 March 2013
US private equity firm KKR and asset manager Quadrant Estates are in advanced talks to buy a portfolio of retail parks for a price thought to be around £115m.
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Canary Wharf Group acquires Docklands long leasehold interest
1 March 2013
Canary Wharf Group has completed the acquisition of the long leasehold interests in 7 Westferry Circus on the Canary Wharf Estate.
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Hines completes Westferry deal
1 March 2013
Hines has completed the acquisition of 1 Westferry Circus in Docklands.
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JLL appointed to sell Manchester resi scheme
1 March 2013
Jones Lang LaSalle’s residential investment team has been instructed to sell the Skyline Central 2 development.
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Mapletree targets $1.3bn with Singapore IPO
1 March 2013
Mapletree Investments is preparing an IPO (initial public offering) of its Chinese subsidiary, to raise around $1.3bn.
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Morgan Stanley’s mega Moscow mall buy
1 March 2013
Morgan Stanley Real Estate Investing (MSREI) has bought the 2.2m sq ft Metropolis shopping centre to the north-west of Moscow in Russia’s biggest ever commercial property transaction.
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Need to know: airport nationalisation plan has wings
1 March 2013
Welsh government to buy Cardiff airport and bring in an operator.
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Schroders' odd couple get even
1 March 2013
It is fair to say the market was not entirely confident that William Hill and Duncan Owen could work together.
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London raises resi returns
28 February 2013
Figures released today by the IPD have confirmed that with an average return of 8.9%, residential rental portfolios continued to perform more strongly than their commercial counterparts in 2012.
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CapCo NAV up 22% following Earls Court rally
28 February 2013
Capital & Counties’ results today were in line with expectation, as net asset value increased by 22%, largely due to its planning successes at Earls Court.
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Goldman checks out of €265m of German hotels
28 February 2013
David Fattal’s Fattal Hotels to buy and manage 20 four-star Queens Moat House hotels
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D2 Private hires agents to sell its last asset for £210m
27 February 2013
D2 Private has instructed agents to sell Waterside in Paddington for a price of £210m in the last property sale from its portfolio, PropertyWeek.com can reveal.
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Property Archive: UK Property Investment Bulletin Q4 2012
27 February 2013
Property Archive reports that 2012 saw £35.5bn of UK investment activity, up marginally by 1.5% from 2011 (£35bn). It was the year of overseas investment in UK property, comprising 46% of total activity for the year (£16.6bn) and being the only net investor for the year of £7.73bn.
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Lloyds sells stake in housebuilder
26 February 2013
Lloyds has sold its 50% stake in housebuilder Countryside Properties to a US private equity firm.
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Phillips completes £100m Berkeley Square deal
25 February 2013
Art auction house Phillips (formerly Phillips de Pury) has completed a £100m deal for 30 Berkeley Square to open a new art gallery.
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LaSalle buys Yorkshire shopping centre at 10% yield
25 February 2013
LaSalle Investment Management has bought the Airedale shopping centre in Keighley, West Yorkshire for £22m at a 10% net initial yield.
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Intu confirms Milton Keynes talks
25 February 2013
Intu Properties has confirmed it is in “advanced discussions” to acquire a £250 Milton Keynes shopping centre from Legal & General Property, as revealed by Property Week.
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Intu confirms Milton Keynes talks
25 February 2013
Intu Properties has confirmed it is in “advanced discussions” to acquire a £250 Milton Keynes shopping centre from Legal & General Property, as revealed by Property Week.
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Native Land submits Mayfair plans
22 February 2013
Native Land has submitted plans for a mixed-use scheme at 30 Old Burlington Street, the Mayfair block it bought last August.
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Cash sought for Silvertown
22 February 2013
Chelsfield-led consortium enlists Jones Lang LaSalle to find backers for £250m first phase of Docklands project
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Developers seek Ruskin Square partner
22 February 2013
Schroders and Stanhope hope to start on the commercial aspect of their Croydon mixed-use scheme, after instructing agents to find a funding partner for a 150,000 sq ft office block.
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Investors on track with £10.9m Reading station office buy
22 February 2013
Lumina and Wrenbridge will capitalise on £895m station refurbishment.
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New career: sheds shifter turns developer
22 February 2013
As the founder of agent Jansons & Partners, Andy Jansons was one of the best-known names in the Thames Valley and west London industrial market.
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Valad buys Polish retail fund
22 February 2013
Investment manager takes over €570m fund and looks to take advantage of “severe shortage” of malls
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Topland to split from Family Courts
21 February 2013
Topland is thought to be preparing to sell the building which houses London’s main divorce courts.
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One Grafton Street snapped up
21 February 2013
One Grafton Street in Mayfair has been bought by Pembroke Real Estate.
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RREEF Real Estate confirm spring sale
21 February 2013
RREEF Real Estate has confirmed that it has entered into exclusive negotiations to sell its stake in high-end French department store, Printemps.
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Hines and Canary to buy 360,000 sq ft in Docklands
19 February 2013
Hines and Canary Wharf are closing in on the purchase of a £130m pair of Docklands blocks that had been under offer to a US fund manager.
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CBRE poaches UK international investment boss from LaSalle
19 February 2013
CBRE has hired Chris Brett from LaSalle Investment Management to take up a new role as head of international investment in the UK, PropertyWeek.com can reveal.
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Acuitus raises £28.1m from February auction
15 February 2013
Acuitus raised £28.1m in its first auction of 2013, held this month.
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First phase of £100m resi fund launched
15 February 2013
Mayor of London Boris Johnson has today launched the first phase of his £100m housing fund for London, announced last year.
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Chinese fund’s Manchester investment is regional debut
15 February 2013
Gingko Tree takes 49% stake in £142m Co-op headquarters as part of retailer’s sale and leaseback
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Four in play for €270m Irish portfolio
15 February 2013
A quartet of heavyweight investors are due to lodge bids over the next few weeks for an €270m portfolio of “under water” Irish assets.
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Risks and rewards in maze of alternative real estate sector
15 February 2013
Alternative property sectors outperform the traditional office, retail and industrial sectors, show figures from IPD (graph, below).
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Take three … global investors’ target markets for 2013
15 February 2013
At the Urban Land Institute annual conference, speakers discuss their plans for the year ahead.
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Henderson lodges Smithfield plans
14 February 2013
Henderson Global Investors has submitted much-anticipated plans for the Smithfield Quarter in London.
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Repossessions fall to lowest level since 2007
14 February 2013
The number of repossessed homes fell from 37,300 in 2011 to 33,900 in 2012 – the lowest annual figure since 2007, figures from the Council of Mortgage Lenders show.
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Asda to open in Chadwell Heath
14 February 2013
Land Securities has re-let a unit previously occupied by B&Q at its Whalebone Lane retail park in Chadwell Heath, east London to Asda.
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Former Marco Pierre White pub up for sale
14 February 2013
A pub which was once part-owned by celebrity chef Marco Pierre White has been put on the market by Christie + Co.
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Chinese in landmark £142m regional deal
13 February 2013
A Chinese sovereign wealth fund is thought to be part of a consortium of investors that has bought into the Co-Operative Group’s huge new headquarters building in Manchester.
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Chinese in landmark £142m regional deal
12 February 2013
A Chinese sovereign wealth fund is thought to be part of a consortium of investors that has bought into the Co-Operative Group’s huge new headquarters building in Manchester.
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Central London values flatten out in 2012
12 February 2013
Residential development land values remained largely flat throughout 2012, new research by Knight Frank shows – including in prime central London, where values edged up by just 2.5%, compared with a rise of 20% in 2011.
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Norges agrees $1.2bn US joint venture
11 February 2013
The Norwegian Government Pension Fund Global has agreed a $1.2bn joint venture with US pension fund manager TIAA CREF, marking its debut deal in America.
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Norges agrees $1.2bn US joint venture
11 February 2013
The Norwegian Government Pension Fund Global has agreed a $1.2bn joint venture with US pension fund manager TIAA CREF, marking its debut deal in America.
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Terrace Hill sells up resi assets
11 February 2013
Developer Terrace Hill has sold most of the remainder of its residential assets to Places for People for £70m.
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Terrace Hill sells up resi assets
11 February 2013
Developer Terrace Hill has sold most of the remainder of its residential assets to Places for People for £70m.
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Grosvenor Square embassy to be sold for £150m
11 February 2013
Canada’s government is expected to put up for sale a £150m building on London’s Grosvenor Square, under plans to consolidate its presence in the capital.
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British Land in £183.8m London deal
11 February 2013
British Land has completed its purchase of Wereldhave’s London portfolio, which includes the £142.5m Ealing Broadway shopping centre.
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Retail and distribution investment plummets in Q4 2012
8 February 2013
Investment in the retail sector fell by 40% in 2012 in comparison to the previous year – according to Lambert Smith Hampton’s latest research, UK Investment Transactions Q4 2012.
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Portfolio of 271 retirement properties sold for £18.35m
8 February 2013
Grainger have sold a portfolio of 271 retirement properties for £18.35m to Places for People.
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Nama to shave off Gillette Corner
8 February 2013
The former European headquarters of Gillette has been brought to the market in a sale enforced by Ireland’s National Asset Management Agency.
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Aviva Investors to start on final Paddington Central phases
8 February 2013
Investor starts to seek prelet for 4 Kingdom Street. Hardeep Sandher reports
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Grainger attracts institutions
8 February 2013
Grainger this week said institutional investor interest in the UK residential market is growing, despite the “fragile” housing market.
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Overseas demand pushes up prices
8 February 2013
Prime central London residential prices will rise by 25% over the next five years, through a combination of growing overseas interest and limited supply (graphs, below).
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Sheds deliver bumper final quarter
8 February 2013
Investment in European logistics and industrial property reached €2.9bn in the final quarter of 2012, jumping 41% on the previous quarter, led by activity in the Netherlands, Poland and Scandinavia.
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Severn Trent to buy former Egg HQ in Derby
7 February 2013
Severn Trent Water is buying the 120,000 sq ft former Egg headquarters in Derby.
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CBRE's 2012 revenue its highest ever
7 February 2013
CBRE’s total revenue for 2012 rose to $6.5bn, a 10% increase on 2011 and the highest in the company’s history.
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Aviva Investors completes £19m resi deal
7 February 2013
Aviva Investors has completed £19m worth of funding for the creation of 212 homes in south-east England for Green Square Community Housing.
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Aviva to sell Strand block
7 February 2013
Aviva Investors is preparing to sell the long leasehold of 111 The Strand in London’s West End for £37m, reflecting a net initial yield of 4.9%.
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ULI Paris 2013: Resi needs injection of institutional funds
6 February 2013
A lack of institutional investment in the residential sector is a major barrier to Europe’s economic growth, the Urban Land Institute conference heard today.
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Pearl takes second stab at Oxford Street sale
6 February 2013
Structadene founder David Pearl is preparing to sell his 53,000 sq ft building at 431-451 Oxford Street, after regaining control of it from LPA receivers.
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Euro Garages makes £50m acquisition
5 February 2013
Euro Garages has bought 45 company-owned service stations from Esso Petroleum Company, for a price understood to be around £50m.
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Glasgow office block sold for £17m
5 February 2013
McKay Securities has simultaneously exchanged and completed the disposal of the freehold of 100 Bothwell Street in Glasgow, which is let to the Student Loans Company.
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Central London offices enjoy strongest investment year since 2007
5 February 2013
The central London office market enjoyed its strongest year for investment since 2007 last year boosted by the record number of deals by foreign investors, research by Knight Frank has revealed.
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L&G cements £91m student accommodation deal
4 February 2013
Legal & General Property has completed the site purchase and forward funding of a 1,104-bed student accommodation scheme from listed developer Terrace Hill.
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Blackstone’s LogiCor completes €250m Polish logistics deal
4 February 2013
Blackstone’s European logistics business LogiCor has completed the purchase of two portfolios of logistics properties in Poland from US industrial company, Panattoni Europe Polish Logistics Assets.
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Asian investor spends £47m in Paddington
1 February 2013
An Asian investor has agreed to buy 60 flats at Merchant Square in Paddington Basin for £47m.
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US Navy HQ officially on the market
1 February 2013
The former US Navy headquarters in Grosvenor Square has officially gone up for sale.
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Chancerygate makes industrial buy in Hayes
1 February 2013
Chancerygate Asset Management has bought the Provident Industrial Estate for £4.06m.
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Tishman flips Sanctuary Buildings
1 February 2013
Tishman Speyer has put the 227,000 sq ft Sanctuary Buildings in Victoria up for sale, just 18 months after the US investor bought it.
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Blinded by prime, investors are misjudging risk
1 February 2013
Much of the debate around property investment post-recession has been about the spiralling shift between prime assets and everything else.
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Institutional investment 2012
1 February 2013
In 2012, institutional investors accounted for just £7.53bn of UK commercial property investments, representing 21.71% of the total spent in the year and the lowest amount spent by institutions since 2008, when the figure was £5.47bn (graph, below).
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Q+A: John Lewis chief is streets ahead in Brum
1 February 2013
Andy Street, chief executive of John Lewis, was appointed chairman of the Greater Birmingham and Solihull Local Enterprise Partnership (LEP) last May.
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Gracechurch Street property snapped up
31 January 2013
Northwood Investors has bought the freehold of 20 Gracechurch Street in the City of London.
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Valad Europe enters £100m jv with South African investor
31 January 2013
Valad Europe has entered in to a joint venture agreement with South African investor, Grindod Financial Services to create a UK industrial portfolio of £100m.
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Tritax launches Aberdeen Office Fund
30 January 2013
Tritax has launched the Tritax Aberdeen Office Fund that will take ownership of a 40,000 sq ft office development in Aberdeen.
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Kajima offloads £49m Savile Row block
30 January 2013
Kajima Properties and Nomura Real Estate Development have sold a 32,000 sq ft office block on London’s Savile Row for £49m, a 4.75% yield.
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GVA hired to sell £46m Manchester treasure
30 January 2013
Manchester’s historic Royal Exchange building is being sold for only the second time since it was established in 1729.
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Blackstone launches Europe sheds company
29 January 2013
Blackstone has recruited Mo Barzegar, a former managing director for Europe of AMB, as president and chief executive of its European logistics business Logicor.
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Blackstone launches European sheds business with new CEO
29 January 2013
Blackstone has recruited Mo Barzegar, a former managing director for Europe of AMB, as president and chief executive of its European logistics business Logicor.
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Qatari Diar places Chelsea Barracks “under review”
29 January 2013
Qatari Diar, the Qatar emirate’s property arm, has put the £3bn Chelsea Barracks housing development “under review”.
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Prupim offloads £30m Soho block
28 January 2013
Prupim has sold the recently-redeveloped 1-5 Poland Street in London’s Soho at a 4.84% yield.
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RBS finances Stanhope TV Centre redevelopment
28 January 2013
Stanhope, in partnership with Mitsui Fudosan and Alberta Investment Management Corporation, has secured a £50m debt package from The Royal Bank of Scotland for its purchase and redevelopment of BBC Television Centre in London’s White City.
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European property sales "rallied" at the end of 2012
28 January 2013
European trading activity “rallied” at the end of last year with the highest level of quarterly trading since 2007, at €43.7bn.
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Rockspring makes Parisian venture
25 January 2013
Rockspring has bought a logistics park to the north of Paris for its TransEuropean Property Limited Partnership V fund for €78 m.
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Deikon checks out after administration
25 January 2013
A shopping centre investment company part-owned by UBS and earmarked for an initial public offering in 2007, is to be sold after going into administration.
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Koreans rope in City office
25 January 2013
Korea Life is set to make its second City of London office purchase as part of a consortium buying Ropemaker Place from British Land for more than £450m.
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Macquarie turns to property man Hasson for European push
25 January 2013
Investment bank looks beyond banking sector to harvest investment skills. Mike Phillips reports
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Lunson Mitchenall makes investment team appointment
24 January 2013
Lunson Mitchenall has made a new appointment to its investment team.
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Second fund plunge for DIC
21 January 2013
A second institutional real estate fund with a planned investment volume of €250m has been launched by DIC Asset AG.
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LPA receivers sell City landmark Woolgate Exchange
18 January 2013
The freehold interest in the Woolgate Exchange has been sold for £265m by LPA receivers.
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Schroders sells Stockley Park office for £42.2m
18 January 2013
Schroders has sold 5 Longwalk at Heathrow’s Stockley Park to a private Middle Eastern investor for £42.2m.
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UK Long Lease Property Fund makes £38m buys
18 January 2013
AXA Real Estate Investment Managers has made its first purchases on behalf of UK Long Lease Property Fund.
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Apollo cash fires up McGrath’s new outfit
18 January 2013
Asset management guru joins Martin Sheppard and Matt Kelly to form M&M
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Beast from the east heats up UK market
18 January 2013
Overseas buyers accounted for £2.2bn of sales in the central London residential property market last year — a 22% rise on 2011 — says a report from Knight Frank, published this week.
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For investors the long view has never looked better
18 January 2013
Yields on UK commercial property now offer outstanding investment value to long-term investors, standing near all-time relative high yield spreads of 4.5 percentage points above long gilts and 7 points over index linked.
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G9 compiles site data
18 January 2013
G9, an industry body set up last year that now draws its members from 11 Newcastle property advisers, is taking over research that has been in abeyance since regional development agency One North East closed last March.
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In the beginning, there was M&G Investments
18 January 2013
UK fund’s purchase of Stratford scheme from Genesis could finally herald dawn of private-rented sector.
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Newcastle office development takes off like a rocket
18 January 2013
Aviva Investors funding fuels start of activity at Stephenson Quarter. Christine Eade reports
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Palmer Capital has £50m to bank on residential land
18 January 2013
Fund manager Palmer Capital is planning a £50m push into strategic residential land buying, driven by new planning policy.
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Trade counters attract traffic from institutional investors
18 January 2013
Standard Life, Legal & General and others attracted to asset class.
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US: four of top five investment cities
18 January 2013
Four of the world’s top five cities for investment in 2013 are in the US, a survey of investors conducted by the Association of Foreign Investors has revealed.
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Aviva in 100,000 sq ft Leeds acquistion
17 January 2013
Aviva Investors has acquired Hepworth House in Leeds’ City Centre for £15m at a yield of 7.53%.
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Clegg launches £350m Regional Growth Fund
17 January 2013
Nick Clegg has announced a £350m cash pot which will form the fourth round of the Regional Growth Fund.
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CEO of X-Leisure quits as Land Secs acquires larger stake
17 January 2013
Land Securities has today completed the £111.9m purchase of a 42% portion of the X-Leisure Unit Trust and has acquired 100% of X-Leisure Limited, the management company of the fund.
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Kallakis trial: The verdict
16 January 2013
Property entrepreneurs Achilleas Kallakis and Alexander Williams have been found guilty of fraud.
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Kallakis trial: The verdict
16 January 2013
Property entrepreneurs Achilleas Kallakis and Alexander Williams have been found guilty of fraud.
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Deka pulls out of £85m Midtown buy
16 January 2013
Deka Immobilien has pulled the plug on a deal to buy a 95,000 sq ft office in London’s Midtown from Henderson Global Investors, PropertyWeek.com can reveal.
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Hong Kong investor buys £30m Kensington High Street block
16 January 2013
Private Hong Kong investor Kwai Hung Holdings has bought a prime block on London’s Kensington High Street for £30.3m.
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BNP Paribas Real Estate appoints new Central London director
14 January 2013
BNP Paribas Real Estate has appointment a new director to its Central London investment team.
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Battersea resi sales power ahead
14 January 2013
Three quarters of the flats at “Circus West”, the first phase of the redevelopment of Battersea Power Station, have been sold since its launch last Thursday, its owners said this morning.
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IM to buy Prupim's The Hub
11 January 2013
Warwick-based IM Properties is under offer to buy a strategic development site in Birmingham.
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Prepare for better times as years of famine near end
11 January 2013
Many moons ago, my wife worked with Andrew Lloyd Webber’s company and the most important event at that time was his opening of Joseph, starring Jason Donovan.
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Deka completes £220m Palestra deal
10 January 2013
Deka has completed its £220m purchase of the Palestra building in Southwark.
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Deka completes £220m Palestra deal
10 January 2013
Deka has completed its £220m purchase of the Palestra building in Southwark.
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Global transaction volumes flat in 2012
10 January 2013
Global real estate transactions totalled $436bn in 2012 according to research by Jones Lang LaSalle.
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Deka funds €63m industrial purchase
10 January 2013
The debt for the purchases was provided by DekaBank.
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Rising vacancies Peel back profits
10 January 2013
Vacancy rates at Peel Holdings’ land and property division grew by almost 200,000 sq ft last year as its annual rent roll remained flat at £66.23m.
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M&G leads institutional push into private-rented sector
9 January 2013
M&G Investments has become one of the first major financial institutional investors in the private rented sector after it agreed a £125m sale-and-leaseback deal on 401 apartments, first reported by PropertyWeek.com in November.
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Derwent secures £35m of West End deals
8 January 2013
Derwent London has bought the long leasehold interests in 25-27 Berners Street and 29-33 Berners Street London W1 from the owner occupier, The MCPS-PRS Alliance, otherwise known as PRS for Music.
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British Land in talks on Wereldhave assets
8 January 2013
British Land is in advanced talks to buy Wereldhave’s Ealing Broadway shopping centre in London alongside some high street shops for around £180m.
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Mitsubishi completes £175m Victoria buy
8 January 2013
Mitsubishi Estate Company has confirmed its purchase of a 340,000 sq ft London office block that is let to Vince Cable’s business department.
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L&G buys £80m Sapphire Campus
8 January 2013
Legal & General Property has bought the Sapphire Campus in Crawley, from Segro for around £80m.
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L&G buys £80m Sapphire Campus
8 January 2013
Legal & General Property has bought the Sapphire Campus in Crawley, from Segro for around £80m.
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Hansteen completes €40m German investment deals
7 January 2013
Hansteen has bought a €24.5m German industrial portfolio and sold a further €15.9m of German sheds.
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Patron Capital sells Olympic Park hotels for £58m
7 January 2013
Patron Capital has sold its two flagship hotels at Westfield Stratford City and the Olympic Park for £58m.
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AXA launches £1bn "defensive" property fund
7 January 2013
AXA Real Estate Investment Managers has raised an initial £125m for the launch of a fund that will look to invest in properties held on long leases such as supermarkets, distribution centres, offices and alternative sectors.
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CBREi buys £20m of London assets
7 January 2013
CBRE Global Investors has bought two central London properties for £20m.
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AXA launches £1bn “defensive” property fund
7 January 2013
AXA Real Estate Investment Managers has raised an initial £125m for the launch of a fund that will look to invest in properties held on long leases such as supermarkets, distribution centres, offices and alternative sectors.
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DCLG places ad for £120k a-year private-rented taskforce chief
4 January 2013
The Department for Local Government will pay the director of its new private-rented sector taskforce £120,000 a year for a “largely full time” contract.
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Ballymore in two new embassy talks
4 January 2013
Ballymore is in negotiations with the Netherlands and another, as yet unnamed, country for two new UK embassies in the Nine Elms regeneration area in Wandsworth.
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North-east business park company in administration
3 January 2013
Administrators have been appointed to a company that owns and manages 80,000 sq ft of business park properties near Stockton-On-Tees that were developed by Rokeby Developments.
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City anticipates £10bn of 2012 investment deals
2 January 2013
Investment deals in the City of London during 2012 were expected to reach up to £10bn, making it the biggest year for City investment since 2006, according to Jones Lang LaSalle research.
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Hermes buys £40m Birmingham block
2 January 2013
Hermes Real Estate Investment Management has completed a deal to buy the landmark Birmingham building Baskerville House, as revealed by Property Week.
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Total property returns struggle at just 1.4%
28 December 2012
Total property returns are expected to only reach 1.4% this year, down from predicted returns of 5.5% at the start of the year.
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London investment volumes hit five-year high
27 December 2012
This year £13.57bn of transactions took place in London according to Cushman & Wakefield.
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Howard de Walden Estates sees 10.1% rise in portfolio value
27 December 2012
Howard de Walden Estates has seen a 10.1% rise in the value of its portfolio to £2.4bn in its latest set of accounts for the year ending 31 March.
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Capital & Regional exits Xscape Braehead
27 December 2012
Capital & Regional has sold its 50% stake in Xscape Braehead, Glasgow.
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Hansteen buys £60m portfolio
27 December 2012
Hansteen has bought a £60m portfolio of multi-let industrial estates.
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Redefine grows in Germany
24 December 2012
Quoted property company Redefine International has paid E11.6m (£9.5m) for a German retail property through its jointly controlled vehicle RI Menora German Holdings.
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Chinese vie for £800m Chiswick Park
24 December 2012
China’s sovereign wealth fund is among a host of global investors vying to buy Blackstone’s Chiswick Park office campus for up to £800m, the Financial Times reported today.
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X-Leisure acquisition approved
21 December 2012
The unit holders in the X-Leisure Unit Trust have approved Land Securities acquisition of X-Leisure’s management company.
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Sovereign wealth fund signs €2.4bn industrial joint venture
21 December 2012
Prologis has signed a €2.4bn joint venture with Norges Bank Investment Management to acquire a huge portfolio of ProLogis’s industrial properties across Europe.
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SEB sews up One Threadneedle Street deal
21 December 2012
SEB Asset Management has sold One Threadneedle Street in east London for £63m after a period of extensive refurbishment.
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Metric merger with L&S to go ahead
21 December 2012
Shareholders of Metric Property Investments have voted for a merger with London & Stamford to go ahead.
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Kennedy Wilson buys Ruby portfolio
21 December 2012
Kennedy Wilson has bought a portfolio of secondary properties for £62.7m.
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Prupim completes deal to buy Bam’s Chiswick Green
21 December 2012
Prupim has completed its acquisition of Bam Properties’ Chiswick Green development in West London for £48m.
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Rival tables offer for MWB Business Exchange
21 December 2012
A subsidiary of serviced office provider Regus has made a cash offer for troubled competitor MWB Business Exchange.
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Billionaire completes €482m Spanish sale and leaseback
21st December - Tablet edition
Mexican billionaire Carlos Slim this week bought €428m of Spanish property portfolio from CaixaBank.
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Helical Bar to redevelop Truro City football ground
21st December - Tablet edition
Helical Bar has agreed an option to redevelop Truro City football club’s ground.
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Industrial portfolios' £150m Christmas rush
21st December - Tablet edition
Nearly £150m of industrial property portfolios have been sold or are under offer, as investors continue to pile into the sector during the final weeks of the year.
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Ministers to ignore key Montague proposal
21st December - Tablet edition
The government is to ignore one of Sir Adrian Montague’s key proposals aimed at increasing institutional investment in the private-rented sector.
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Wellcome Trust urges institutions to experiment with residential
21st December - Tablet edition
Development funding, and secondary and European property are the new areas of property being explored by the Wellcome Trust
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Resolution in Dutch debut
20 December 2012
Resolution Property has made its first Dutch retail debut, by purchasing Rosada Factory Outlet in Roosendaal, Netherlands.
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Heron closes 2012 with £115m sale
20 December 2012
The Swedish pension fund’s joint venture, Cityhold, has today confirmed that it has bought The Peak in SW1 from a joint venture led by Gerald Ronson’s Heron International, as tipped by Property Week.
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Heron closes 2012 with £115m sale
20 December 2012
The Swedish pension fund’s joint venture, Cityhold, has today confirmed that it has bought The Peak in SW1 from a joint venture led by Gerald Ronson’s Heron International, as tipped by Property Week.
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New details of £200m Build to Rent fund
20 December 2012
The government has published new details of a £200m Build to Rent fund originally outlined in September as part of measures to boost the housing market.
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PSPI disposes of US assets to concentrate on UK and Germany
20 December 2012
Specialist European real estate investment and financing firm Public Service Properties Investments has sold its US and Swiss assets to focus on interests in the UK and Germany.
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East London buy for McKay Securities
19 December 2012
McKay Securities has bought 66 Wilson Street in east London for £3.6m.
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BAM to make speculative start in Glasgow
14 December 2012
BAM Properties has signed a £50m funding deal with the Scottish government which will allow it to start work on a sustainable office building in Glasgow.
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HK investor buys Circus gem
14 December 2012
A Hong Kong investor is understood to be close to buying One Finsbury Circus in the City of London for £150m.
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Fidelity raises regional funds
14 December 2012
One of the world’s biggest fund managers is raising more than £350m to invest in secondary and regional property in the UK and Europe.
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Let me disabuse you of doom-mongers’ 2013 prognosis
14 December 2012
As the end of 2012 approaches, it has turned out to be a subdued year for the UK property market.
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Love affair with London continues to confound logic
14 December 2012
The big investment theme of the year, at least in this country, was entirely counter-intuitive: the continuing status of the UK as a safe haven in the global marketplace, despite a deteriorating fiscal position and a lousy current account deficit.
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Moscow masterplans south-west super-suburbs
14 December 2012
Huge expansion of city planned over next 30 years. Property Week reports from Moscow.
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Need to know: behind Liverpool’s framework
14 December 2012
The 140-page Liverpool City Centre Strategic Investment Framework was unveiled at the waterfront BT Convention Centre on 1 November.
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Private equity funds jostle for €270m Dublin portfolio
14 December 2012
Bidders beset former Treasury Holdings assets as investors begin to prop up moribund Irish property market
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HCA welcomes £515m funding
13 December 2012
The Homes and Communities Agency (HCA) has received an extra £515m in government funding to speed up the delivery of large-scale housing projects.
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Scottish Power submits plans for Glasgow HQ
13 December 2012
Scottish Power has submitted plans for its £95m UK headquarters in Glasgow city centre with hopes to start construction in the third quarter of next year.
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Prologis to launch Japanese REIT
13 December 2012
Industrial developer Prologis has confirmed it will create a Japanese real estate investment trust (J-REIT) to serve as a long-term investment vehicle for logistics facilities developed by the company in Japan.
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London council buys Tooley Street HQ for £170m
13 December 2012
Southwark Council has completed the purchase of its own headquarters at 160 Tooley Street for £170m, as revealed by Propertyweek.com.
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Alpha Plus raises £48.5m from retail bond sale
11 December 2012
Delancey’s private school company has raised £48.5m from the fast-growing retail bond market.
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Radisson Blu Glasgow sold for £28m
11 December 2012
The Radisson Blu in Glasgow has been sold by administrators for £28m.
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Almack House £165m sale pulled
11 December 2012
The £165m sale of Almack House in London’s West End has been pulled by Grosvenor.
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Almack House £165m sale pulled
11 December 2012
The £165m sale of Almack House in London’s West End has been pulled by Grosvenor.
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Cordea Savills resi fund makes first purchases
10 December 2012
Cordea Savills’ London Residential Development Fund has made its first two acquisitions: a former chapel and a former college building in Chelsea.
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Kuwaitis close in on 5 Canada Square
7 December 2012
St Martins Property, the real estate fund of the Kuwaiti government, is close to acquiring Bank of America’s European headquarters in Canary Wharf.
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New hire at Henderson
7 December 2012
Henderson Global Investors has hired a new head of property treasury.
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Rockspring closes €700m TransEuropean Fund
7 December 2012
Rockspring Property Investment Managers has announced the final closing of its €700m TransEuropean Property Limited Partnership V fund.
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Prupim acquires £33m student digs
7 December 2012
Prupim has acquired a block of student accommodation at University of Aberdeen from developer Unite for £32.95m.
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Barwood and JP Morgan to deploy £50m regional fund
7 December 2012
Bank’s fund management arm and developer target 15% return on developments, investments and land
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Investors rate student accommodation sector best in class
7 December 2012
Property Week student accommodation conference speakers highlight big rise in investment into sector.
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Tristan Capital raises €170m for European fund
6 December 2012
Tristan Capital Partners has raised more than €170m at the first closing of its real estate private equity fund, European Property Investors Special Opportunities 3 (EPISO3).
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Silicon Roundabout to get £50m facelift
6 December 2012
Old Street’s ‘Silicon Roundabout’ will be transformed into a £50m ‘technical and creative institute’ under new plans announced by the Prime Minister David Cameron and mayor of London Boris Johnson today.
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BNP Paribas Real Estate poaches three GVA City agents
5 December 2012
BNP Paribas Real Estate has poached three City investment agents from GVA, including its head of City investment Richard Garside.
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Starwood Capital to buy £125m out-of-town retail portfolio
5 December 2012
Starwood Capital is poised to buy a portfolio of out-of-town retail assets for close to £125m.
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Unite completes £116m of sales
5 December 2012
Student accommodation provider Unite has completed the sale of four wholly owned properties for £116m.
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Double auction success for Allsop
4 December 2012
Allsop Space’s Irish auction today raised €14.3m from a packed room of 1,900 bidders, while in London at a separate event the company raised £43m - a 78% success rate.
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Axa sells petrol stations in Spain
3 December 2012
Axa Real Estate has sold four petrol stations in northern Spain to local buyers for €3m.
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BPF: EU green tape threatens UK development
30 November 2012
The costs of complying with new environmental impact assessment proposals from the EU could hinder UK property development and investment, the BPF has warned.
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Unite closes retail bond early
30 November 2012
Unite, the student accommodation provider, is to close its retail bond two days early, the company announced today.
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Tokyo fund makes second purchase
30 November 2012
Aviva Investors and Secured Capital Investment Management’s Tokyo Recovery Fund has bought Glass City Shibuya in Tokyo.
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Hope for housing in Autumn Statement
30 November 2012
Private-rented sector, NewBuy and stamp duty are priorities for industry
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Need to know: councils’ private-rented pensions
30 November 2012
Council pension funds are big institutional investors in the private-rented sector. What is the latest news?
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Siemens' south Mancherster site stutters towards solution
30 November 2012
It was meant to be one of those smoothly run developments by a big inward investor that Manchester seems to do so well.
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Picton’s NAV hit by portfolio value decline
29 November 2012
Picton Property Income suffered an 8.8% fall in its net asset value in the six months to 30 September.
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Former Franc Warwick agent sets up new firm
29 November 2012
Shaun Farmer, the former Franc Warwick surveyor, has set up a platform of investment agents.
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£40m City property bought by Orchard Street
28 November 2012
Orchard Street Investment Management has bought the office and retail property, 8-10 Old Jewry on behalf of a client for £40.02m.
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Kennedy Wilson beats Delancey and KKR to €108m Dublin block
28 November 2012
Delancey and private equity firm KKR have been pipped to the purchase of State Street’s Irish banking headquarters.
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Henderson in €151m French deals
27 November 2012
Henderson Global Investors has bought two French shopping centres for a total of €151m, in its joint ventures with Warburg Henderson.
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Mountgrange and Prupim’s £60m Glasgow plans confirmed
27 November 2012
Mountgrange and Prupim have confirmed their purchase of 1 West Regent Street in Glasgow, paving the way for a £60m speculative scheme in the city’s business district.
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Japanese giant closes in on £175m D2 Private Victoria block
27 November 2012
A Japanese property company is under offer on the £175m headquarters of the Department for Business, Innovation & Skills, PropertyWeek.com can reveal.
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M7 and Europa buy industrial estates
26 November 2012
The Light Industrial Property Partnership, a joint venture between Europa Capital and M7 Real Estate, has bought six industrial estates for £12.6m.
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JLL Manchester hotshot heads for London's West End
26 November 2012
Jones Lang LaSalle’s head of Manchester is preparing to move to an investment role in London’s West End.
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CBRE's Karen Queen dies
26 November 2012
CBRE City investment agent Karen Queen has died from cancer, aged 49.
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Dublin's Burlington Hotel sold for 25% of 2007 price tag
26 November 2012
The Burlington Hotel in Dublin has been sold to US group Blackstone for €67m, which is just less than 25% of what it was bought for five years ago.
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Oxford Properties buys CBRE HQ for £110m
23 November 2012
Oxford Properties has purchased the City of London headquarters of CBRE for £110m, as revealed by Property Week
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Henderson in South Quay
23 November 2012
Henderson Global Investors is in talks to buy out its partners in a fund that owns South Quay Plaza in London’s Docklands.
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Matrix enters Lloyd’s building
23 November 2012
A UK fund manager is in the final stages of raising the equity to buy the Lloyd’s building in the City of London (pictured).
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Property investors prefer London to ville de l’amour
23 November 2012
London is more attractive than Paris to global real estate investors. A new report by Henderson Global Investors examines why.
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Redefine completes Earls Court hotel buy
22 November 2012
Redefine International has completed the acquisition of 60% of the issued shares in BNRI Earls Court from Camden Lock and Earls Court for £8.7m.
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Europe's largest Islamic bank makes industrial buy
22 November 2012
The largest Islamic bank based in Europe, the Bank of London and The Middle East, has bought another property for its Light Industrial Building Fund.
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Buyer lined up for £140m Co-op HQ
22 November 2012
The Co-operative Group is close to selling its new Manchester headquarters to a Far Eastern client of fund manager RREEF.
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Clegg pledges £225m for “big and bold” housing projects
22 November 2012
Nick Clegg is today expected to announce an extra £225m of government funding to fuel locally-driven, large-scale housing projects.
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BNPPRE appoints new head of Scotland
21 November 2012
BNP Paribas Real Estate has appointed a new head of its Scottish operation.
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Beatles’ Baker Street home sold
21 November 2012
The Malins Group has bought the former headquarters of The Beatles’ record company, Apple Corps, at 94 Baker Street from PRUPIM for £6m.
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Marcus switches roles at Evans Property Group
21 November 2012
Ian Marcus is switching his role at Evans Property Group just eight months after joining as managing director.
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Aviva to sell £98m Saturn portfolio
21 November 2012
Aviva Investors is marketing a portfolio of retail parks, codenamed Project Saturn, for £98.2m.
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Mountgrange and Patron buy £180m Henderson fund
20 November 2012
Mountgrange and Patron Capital have bought Henderson’s £180m Caspar Fund and flipped seven assets onto CBRE Global Investors, as revealed by Property Week.
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Bam cashes in on speculative development
20 November 2012
Prupim has placed under offer Bam Properties’ Chiswick Green development in West London for £48m, PropertyWeek.com can reveal.
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Bam cashes in on speculative development
20 November 2012
Prupim has placed under offer Bam Properties’ Chiswick Green development in West London for £48m, PropertyWeek.com can reveal.
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Deka in pole for 5 Aldermanbury
16 November 2012
Deka is in advanced talks to buy 5 Aldermanbury Square for around £225m.
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Marriott puts £150m Noho hotel up for sale
16 November 2012
Marriott International has put the former Bernerns Hotel in Noho up for sale for around £150m.
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FSA set to ban marketing of REITs
16 November 2012
Retail investors would be barred from investing in REITs under proposals from the Financial Services Authority, it emerged this week.
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Islington selects resi fund manager
15 November 2012
Islington Council Pension Fund has selected residential property authorised investment fund Hearthstone Investments to manage its £20m residential fund.
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IPD: values fall for 12th consecutive month
14 November 2012
Twelve consecutive months of negative capital movement in the UK has led to a 3.5% decline in property values since November 2011, according to the IPD UK Monthly Property Index.
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Global Logistic Properties enters Brazil in $1.45bn joint venture
14 November 2012
Global Logistic Properties, the Singapore-based logistics property company, is expanding its global network to Brazil.
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Great Portland to raise £140m of new equity
14 November 2012
Great Portland Estates has raised £140.6m from a placing of shares, increasing its firepower to £400m.
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Great Portland raises £140m of new equity after revealing strong half-year results
14 November 2012
Great Portland Estates has raised £140.6m from a placing of shares, increasing its firepower to £400m.
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Stanhope and British Land complete Hereford deal and work starts on site
13 November 2012
Stanhope has started work on its £90m Old Market retail and leisure development in Hereford city centre, after completing a funding agreement with British Land.
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ITV’s South Bank studios to be sold
13 November 2012
ITV’s distinctive South Bank studios - home to The Jonathan Ross Show and Daybreak - are up for sale, as the broadcaster looks to reconfigure its presence in central London.
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ITV’s 450,000 sq ft South Bank studios to be sold
13 November 2012
ITV’s distinctive South Bank studios - home to The Jonathan Ross Show and Daybreak - are up for sale, as the broadcaster looks to reconfigure its presence in central London.
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ICG-Longbow confirms debt IPO plans
12 November 2012
ICG-Longbow has confirmed that it is planning to raise up to £250m in what would be Europe’s first listed senior debt fund, as revealed by Property Week (Finance 09.11.12).
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ICG-Longbow confirms debt IPO plans
12 November 2012
ICG-Longbow has confirmed that it is planning to raise up to £250m in what would be Europe’s first listed senior debt fund, as revealed by Property Week (Finance 09.11.12).
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CSC considers Trafford Centre stake sale
9 November 2012
Capital Shopping Centres is considering selling a stake in the Trafford Centre in Manchester.
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M&G Hail-os Genesis investment
9 November 2012
M&G Investments is thought to be in talks to buy a third of a mammoth 650-unit sale-and-leaseback portfolio currently owned by the Genesis Housing Association.
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Ignis in £22.7m Solihul buy
9 November 2012
Axa has sold Solar Park in Solihull to Ignis UK Property Fund for £22.7m.
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Burdett House bought by private Thai
9 November 2012
A private Thai investor has bought Burdett House from Aberdeen Asset Management £27.5m.
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Hermes to buy £42.5m Birmingham landmark
9 November 2012
Hermes has placed under offer one of Birmingham’s best-known properties, PropertyWeek.com can reveal.
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Grainger forms German joint venture
9 November 2012
Grainger has formed a joint venture with Heitman to create a new residential portfolio in Germany.
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Hammerson officially a specialist retail REIT
9 November 2012
Hammerson has sold its last office property, Stockley House in south-west London, completing its nine month programme of office disposals.
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CapCo beefs up with Wellington portfolio
09 November 2012
Capital & Counties has made its first acquisition since it raised £149m of new equity in September.
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Henderson digs US student housing
09 November 2012
Henderson Global Investors has partnered with campus property manager Greystar and student housing owner Pierce Education Properties to invest around $215m in US student housing schemes.
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Profit growth drives Debenhams out of town
09 November 2012
Department store puts retail parks firmly in its expansion plans
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Scottish Power grab for Prupim
09 November 2012
Fund manager poised to forward-purchase Helical Bar and Dawn Development’s headquarters scheme for £95m
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Hermes mulls Friary Centre stake sale to kick-start retail development
8 November 2012
Hermes is considering the sale of a stake in the Friary Centre in Guildford as part of a process to kick-start a 400,000 sq ft retail development adjacent to the mall.
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Goodman breaks into Brazil
8 November 2012
Goodman Group has entered into a joint venture with Brazilian developer WTORRE to develop prime logistics and industrial properties throughout Brazil.
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Legal & General in talks to expand residential portfolio
7 November 2012
Legal & General Property is in the early stages of talks with Genesis Housing Association to perform a sale-and-leaseback style transaction on up to 650 apartments.
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Hyatt Regency sold in £27m deal
6 November 2012
The Hyatt Regency hotel in Birmingham city centre has been sold out of administration in a deal thought to be worth £27m, reports claimed today.
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Land Secs buys £93.9m Manchester Printworks
5 November 2012
Land Securities has bought Manchester’s Printworks leisure scheme for £93.9m.
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AFH launches £50m high yield property fund
5 November 2012
Wealth management firm AFH has launched an open-ended high yield fund to invest up to £50m in industrial, office and retail properties across England and Wales.
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Land Secs buys £93.9m Manchester Printworks
5 November 2012
Land Securities has bought Manchester’s Printworks leisure scheme for £93.9m.
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Allsop raises £43.8m at residential auction
2 November 2012
223 properties were sold at Allsop’s residential auction yesterday for a total of £43.8m.
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McCabe: 'owning Sheffield Utd helps me in property'
2 November 2012
The owner of Sheffield United Football Club, Kevin McCabe, opened up about his life owning one the country’s unluckiest football teams, when he joined Property Week’s podcast as special guest for the November edition.
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Oz and Canada rev up for huge global property spree
02 November 2012
Knight Frank research shows pension funds plan to substantially increase investment in real estate
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L&Q’s £10m for homes for homeless
02 November 2012
A fund set up to buy and manage homes for rough sleepers has received a £10m investment from housing association London & Quadrant.
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Woolgate Exchange saga at final chapter
02 November 2012
Ivanhoé Cambridge completing purchase of City of London office for £265m
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Lloyds and Grainger complete landmark residential deal
1 November 2012
Lloyds Banking Group and Grainger have completed the sale of a 336 asset residential portfolio through their Residential Asset Management Platform.
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DTZ: Commercial property best value since 2009
1 November 2012
The commercial property market in the UK is offering investors the best value since the middle of 2009, research by DTZ has found.
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Cambridge & Counties launches resi loan
1 November 2012
Cambridge & Counties Bank has launched a loan aimed at residential investors who can “demonstrate knowledge and experience in this market”.
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Capital values drop in third quarter
1 November 2012
Capital values continued to decline over the three months to September, the IPD’s quarterly property index has found.
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Henderson’s £65m Soho sale
1 November 2012
Henderson Global Investors is nearing the sale of a £65m office block in London’s Soho that it bought for £45m in January 2005.
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New Scotland Yard could be sold for £150m
30 October 2012
The Metropolitan Police is proposing a sale of New Scotland Yard, its giant headquarters building in London’s Victoria.
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Cavendish Square freehold set for £60m sale
30 October 2012
LaSalle Investment Management has instructed three agents to sell a £60m block on London’s Cavendish Square that has potential for residential redevelopment.
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Largest retail asset deal completes
29 October 2012
Union Investment has today completed the purchase of a regional shopping centre in Poland for €390m, making it the single largest retail asset deal this year.
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Legendary investor dies aged 89
29 October 2012
One of property’s most legendary investors has died in his sleep at the age of 89
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Big names unite to tackle high street blight
29 October 2012
Lloyds Banking Group, Royal Bank of Scotland and Legal & General have joined a task force set up in the wake of the Mary Portas review aimed at addressing the blight of UK town centres.
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Big names sign up to tackle high street blight
29 October 2012
Lloyds Banking Group, Royal Bank of Scotland and Legal & General have joined a task force set up in the wake of the Mary Portas review aimed at addressing the blight of UK town centres.
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Investment head quits BNP Paribas Real Estate
26 October 2012
The head of UK investment management at BNP Paribas Real Estate, Gerardine Davies, has quit her position after only nine months.
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Westfield agrees Bradford sale
26 October 2012
The Westfield Group has today confirmed that it will develop Westfield Bradford and then sell the retail scheme to Meyer Bergman, a move tipped by Property Week.
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Chinese fund dips toes into UK
26 October 2012
China Investment Corporation (CIC) is set to make its first direct property investment in the UK with the purchase of Winchester House, the City headquarters of investment bank Deutsche Bank, for around £250m.
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Investors’ flight to quality helps turn up volume
26 October 2012
UK investment market volumes increased by 5% in the third quarter, defying the consensus that the summer was a slow one for property.
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Quantum and LaSalle make second purchase in New York
25 October 2012
Quantum Global Real Estate and LaSalle Investment Management has made its second acquisition through joint venture Plaza Global Real Estate Partners in New York.
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Maher Developments plans £100m retirement village
25 October 2012
Maher Developments has submitted an outline planning application for a £100m retirement village at Mount Leven Farm in Yarm.
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Bluewater unveils new restaurant line-up
25 October 2012
Bluewater officially re-opened its restaurant quarter The Wintergarden today, after a multi-million pound redevelopment.
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5 Aldermanbury Square KWAP deal pulled
25 October 2012
The proposed £225m sale of 5 Aldermanbury Square to Kumpulan Wang Persaraan has fallen through.
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Sheffield retail block sold for £11m
25 October 2012
Sabra Properties, a company associated with Topland has acquired a retail block at 8-24 High Street and 12-16 George Street, Sheffield for just over £11m.
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Stobart’s Moneypenny sales “slower than expected”
25 October 2012
The sale of assets from Stobart’s controversial Moneypenny portfolio have been slower than expected it revealed in interim results this morning.
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$1.75bn retail transaction completes
25 October 2012
AMP Capital, Westfield Group and Westfield Retail Trust have acquired interest in seven Australian retail schemes in a deals collectively valued at A$1.75bn.
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$1.75bn shopping centres transaction completes
25 October 2012
AMP Capital, Westfield Group and Westfield Retail Trust have acquired interest in seven Australian retail schemes in a deals collectively valued at A$1.75bn.
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£20m investment in London sports facilities announced
24 October 2012
The country’s largest five-a-side football centre operator will invest £20m in sports facilities across London to establish a sports legacy following the Olympics.
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Giant Chinese sovereign fund to make UK debut
23 October 2012
China Investment Corporation, a giant Chinese sovereign wealth fund, is on the verge of making its first direct property investment in the UK in a £250m City of London deal, PropertyWeek.com can reveal.
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Giant Chinese sovereign fund to make UK debut
23 October 2012
China Investment Corporation, a giant Chinese sovereign wealth fund, is on the verge of making its first direct property investment in the UK in a £250m City of London deal, PropertyWeek.com can reveal.
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BNP Paribas Real Estate hires Brum investment boss from CBRE
23 October 2012
BNP Paribas Real Estate has hired a senior director from CBRE to head up its investment team in Birmingham.
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Property Archive: UK Property Investment Bulletin Q3 2012
22 October 2012
Despite the global uncertainty, UK investment has been consistent so far in 2012
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Crown Estate to sell £50m West End building
19 October 2012
The Crown Estate is to sell the Les Ambassadeurs Club casino in the West End.
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European real estate investment declines in third quarter
19 October 2012
Total real estate investment activity declined in the third quarter of 2012 to €24.6bn, a 3% decrease on the previous quarter, according to research from DTZ.
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Morgan terminates takeover talks
19 October 2012
Redrow chairman Steve Morgan has confirmed his takeover bid for the house builder has fallen through.
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Government reveals new wave of funding for LEPs
19 October 2012
Further funding for local enterprise zones has been announced by the Government, with 29 partnerships set to receive more than £350m.
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£1bn regional portfolio sales
19 October 2012
Aberdeen is latest to sell in the regions, testing demand outside London and south-east
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Foreign investors ‘need education’
19 October 2012
Foreign institutional investors are starting to look more seriously at retail parks, but more education of how the sector works is needed for the UK to capitalise on this.
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Investors circle Grosvenor’s £260m mall portfolio
19 October 2012
Bidders are lining up to buy three Grosvenor shopping centres that have a combined asking price of around £260m.
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Investors listen out for ‘bottom of market’
19 October 2012
Latest Lloyds property confidence monitor shows market nadir may have been reached. Mike Phillips reports
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JP Morgan seizes opportune moment
19 October 2012
US investment bank to raise equity to opportunistically buy mispriced European assets
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NCP administration is Delek’s downfall
19 October 2012
Israeli investment company that bought car park portfolio in boom to close
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Tristan in shape to buy Brum’s Cube
19 October 2012
Investor about to snap up Project Royal’s largest asset for £37m
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Meyer Bergman to rescue Bradford mall
18 October 2012
Retail investment manager Meyer Bergman is poised to forward-purchase Westfield’s entire Bradford shopping centre development, breathing life back into the mothballed scheme.
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Meyer Bergman to rescue Bradford mall
18 October 2012
Retail investment manager Meyer Bergman is poised to forward-purchase Westfield’s entire Bradford shopping centre development, breathing life back into the mothballed scheme.
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Canadians to sell £220m Victoria property
17 October 2012
One of Canada’s biggest pension funds has hired CBRE to sell a property in London’s Victoria that is let to the government on a long lease.
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City of London Corporation completes £43m sale
17 October 2012
The City of London Corporation has completed the sale of 20 Finsbury Circus to NTT Urban Development, a subsidiary of Japanese telecoms company Nippon Telegraph & Telephone Corporation.
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AEW buys five investments for new core fund
16 October 2012
AEW UK has bought a further five properties for its UK Core Property Fund.
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Allsop raises £75m in largest commercial auction for 6 years
16 October 2012
Allsop has raised nearly £75m from its October commercial auction, in its largest commercial auction by number of lots for six years.
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National Farmers Union buys stake in Welsh park for £44m
16 October 2012
Scottish Widows Investment Partnership has sold its 50% stake in the Talbot Green shopping park in Llantrisant to the National Farmers Union Mutual for £43.8m.
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Crossrail to add £5.5bn to London property values, report states
16 October 2012
Crossrail could add £5.5bn in value to property along its route between 2012 and 2021, according to new research.
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SFO Kaupthing investigation collapses
15 October 2012
The Serious Fraud Office has dropped its investigation into the collapse of the Icelandic Bank Kaupthing and as a result has closed its case against Robert Tchenguiz.
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SFO Kaupthing investigation collapses
15 October 2012
The Serious Fraud Office has dropped its investigation into the collapse of the Icelandic Bank Kaupthing and as a result has closed its case against Robert Tchenguiz.
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CBRE Global Investors buys £62m of supermarkets
15 October 2012
CBRE Global Investors has bought five regional UK supermarkets for around £62m, including two from British Land.
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Axa’s €1.5bn alternatives push
15 October 2012
Axa Real Estate Investment Managers has created a division to manage and grow its alternative property investments into a €1.5bn fund during the next three years.
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IPD: values drop for 11th consecutive month
12 October 2012
Eleven consecutive months of negative capital movement in the UK mean property values have fallen by 3.2% since November 2011, according to the IPD UK Monthly Index for September.
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Saxo and Resolution buy in Denmark
12 October 2012
Saxo Properties and Resolution Property have purchased a DKK51m property in Charlottenlund, near Copenhagen in Denmark.
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PPR Estates confirms Clerkenwell acquisition
11 October 2012
London-based property company PPR Estates has confirmed the purchase of a residential portfolio of 10 apartments in Clerkenwell.
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Kallakis “calm” about alleged fraud, court hears
10 October 2012
The Greek property tycoon accused of using forged documents to obtain huge loans from Allied Irish Bank appeared “strangely calm” when informed the bank was investigating the alleged fraud, a court heard today.
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Axa and Norges buy €784m German properties
10 October 2012
Axa Real Estate Investment Managers has teamed up with Norway’s sovereign wealth fund to buy two buildings in Germany from the Royal Bank of Scotland for €784m.
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Expo Real 2012: Head of CBRE Spain calls for greater clarity over "bad bank" solution
9 October 2012
Executive managing director of CBRE Spain, Adolfo Ramírez-Escudero spoke to Property Week at Expo Real 2012 about the Spanish investment market and why he believes that an increase in the levels of volume is imminent.
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Expo Real 2012: Morgan Stanley fund to sell €100m Brussels tower
8 October 2012
An open ended fund managed by Morgan Stanley is to sell a large Brussels office tower as part of it’s liquidation plan.
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Norges completes Meadowhall purchase
8 October 2012
Norway’s sovereign wealth fund has signed its deal to buy a 50% stake in Meadowhall shopping centre in Sheffield.
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Network Rail buys 300,000 sq ft Prologis shed
5 October 2012
Network Rail has bought a 300,000 sq ft facility in Ryton from Prologis for £25m, as tipped by Property Week (5.10.12).
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Grainger sells first phase of Berewood housing scheme
5 October 2012
Grainger has sold the first phase of its Berewood housing scheme in Hampshire to Bloor Homes.
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London super-prime growth to slow
5 October 2012
Growth in London’s “super-prime” residential property market has slowed, research has shown – from 3% in the three months to May, down to 1.8% in the three months to August.
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Aviva Investors refinances Ashtenne fund
05 October 2012
Aviva Investors has refinanced its £500m Ashtenne industrial portfolio for a further five years, after securing credit from four banks.
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Comply and prosper
05 October 2012
Investing in your industry seems like a no-brainer, but beware of the pitfalls. Mark Wilding reports
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Ivanhoé sells €700m in French capital
05 October 2012
A consortium of investors led by Ivanhoé Cambridge has appointed an adviser to sell a €700m portfolio of office properties in Paris.
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Kennedy Wilson makes for Madrid’s ‘banco malo’
05 October 2012
American asset manager sets up Spanish office to run auctions and assist banks
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Oxford to make Parisian debut …
05 October 2012
Canadian property investor to venture across channel to jointly fund office block scheme
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Tchenguiz triumphs in Madrid
05 October 2012
Abu Dhabi and R20 poised to take control of €2bn Banco Santander campus from Glenn Maud and Derek Quinlan
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Castlemead consent for new nursing homes
4 October 2012
Castlemead, the healthcare and nursing home developer, has been given the green light for two developments with a combined project value of £13m.
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Auctioneer takes 30 Berkeley Square
4 October 2012
Mercury Group has bought Prupim’s 30 Berkeley Square scheme for around £100m, and then leased the lower floors of the London building immediately to Phillips de Pury for a high-end gallery space.
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Battersea names landscape architects
4 October 2012
LDA Design, the company which designed the parklands around the Olympic Stadium, has been appointed as the landscape architect on the first phase of the redevelopment of Battersea Power Station.
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Vince Cable’s £176m offices put up for sale
4 October 2012
CBRE has been instructed by Stenham to put the headquarters of the Department for Business, Innovation and Skills up for sale.
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Auctioneer takes 30 Berkeley Square after £100m off-market sale
4 October 2012
Mercury Group has bought Prupim’s 30 Berkeley Square scheme for around £100m, and then leased the lower floors of the London building immediately to Phillips de Pury for a high-end gallery space.
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Standard Life assets reach £1bn
4 October 2012
Standard Life Investments’ Long Lease Property Fund has reached £1bn in assets under management after completing a number of deals worth more than £100m.
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US investor buys German retail centres
4 October 2012
US real estate investor Global Income Trust has bought a portfolio of four neighbourhood retail centres in Germany.
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Savills to sell jewels in the Ruby portfolio
4 October 2012
Savills has brought a UK-wide portfolio of 29 secondary properties to the market.
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Redefine raises £127.5m from new shares
4 October 2012
Redefine International has received applications for more than 95% of the new open offer shares it offered last month in a bid to raise £127.5m to help reduce its debts.
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Redefine raises £127.5m from new shares
4 October 2012
Redefine International has received applications for more than 95% of the new open offer shares it offered last month in a bid to raise £127.5m to help reduce its debts.
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Irish investment activity improves
3 October 2012
Investment activity in Ireland has improved in 2012, as the market begins to fight its way out of the depths of the downturn.
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Irish investment activity improves
3 October 2012
Investment activity in Ireland has improved in 2012, as the market begins to fight its way out of the depths of the downturn.
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Union launches €1bn renewable energy fund
2 October 2012
Union Investment has launched a €1bn infrastructure fund to invest in renewable energy, with the emphasis on European wind farms.
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Corestate buys €60m German residential portfolio
2 October 2012
Corestate Group, a real estate investor based in Zug in Switzerland, has bought 2,300 residential units from European energy group, E.on.
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Henderson’s German JV completes fundraising for second Austrian fund
2 October 2012
Henderson Global Investors’ German joint venture, Warburg-Henderson KAG, has completed the equity raising for a €360m Austrian property fund.
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AIB defends sale of "box of horrors" Kallakis portfolio
28 September 2012
The former chairman of Allied Irish Bank’s credit committee has defended the bank’s decision to quickly sell Achilleas Kallakis’ “box of horrors” property portfolio on learning of an alleged fraud.
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Kallakis trial: Allied Irish lending "risky"
28 September 2012
Allied Irish Bank engaged in “risky” lending practices during the period in which it had a relationship with Achilleas Kallakis, a court heard today.
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Adénine building in Lyon sold for €17.8m
28 September 2012
STAM and Caisse des Dépôts Group have sold the Adénine building in Lyon for €17.8m.
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Hermes and Stenham make Regent Street purchases
28 September 2012
The Great Capital Partnership has sold £112.6m of property on Regent Street.
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Gingko Tree branches out into student digs
28 September 2012
A Chinese firm is in talks to buy a 40% stake in one of the UK’s biggest student accommodation companies.
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It’s complicated: Evans Randall trio face brave new world
28 September 2012
Highly complex structured deals have netted company huge returns, but market conditions in the City of London and continental Europe are changing
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Q+A: North East LEP head honcho Edward Twiddy
28 September 2012
Who are you?
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Ropemaker pulls in foreign buyers
28 September 2012
A host of overseas bidders have run the rule over British Land’s Ropemaker Place office block in the City — the UK’s biggest office sale this year.
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Sustainability rises up investors’ agenda
28 September 2012
The number of investors and fund managers implementing minimum sustainability performance standards for their property portfolios has more than doubled in the past year, a survey shows.
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Take five ... tips to attract Chinese investors
28 September 2012
The newly emerging Chinese middle classes are snapping up residential property in the UK, but with a new customer base come new ways of doing business.
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Solent Enterprise Zone plan £25m investment
27 September 2012
Secretary of state for communities and local government Eric Pickles has announced plans to invest more than £25m in the Solent Enterprise Zone at Daedalus.
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Solent Enterprise Zone set for £25m investment
27 September 2012
Secretary of state for communities and local government Eric Pickles has announced plans to invest more than £25m in the Solent Enterprise Zone at Daedalus.
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Scarborough unveils £55m scheme
27 September 2012
Scarborough Development Group has set out plans for a £55m development in North Wales, the businessdesk.com reports.
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AIB: “We had no reason to question Kallakis”
26 September 2012
A former member of Allied Irish Bank’s property team “had no reason” to fear that information he held on Achilleas Kallakis was false, a court heard today.
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Savills markets 15 Westferry Circus
26 September 2012
Fifteen Westferry Circus, a 170,000 sq ft office building in London’s Canary Wharf, formerly owned by Vico Capital and now in receivership, has been put up for sale.
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Slotting “could cause serious harm”, IPD warns
26 September 2012
The Financial Services Authority’s new regulations for property lending “could cause serious harm if the impact on the property market and its relationship to the wider economy are not fully understood”, IPD warned today.
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Hammersmith's Ark set to be sold
25 September 2012
GE Capital Real Estate has hired agents to sell the Ark, a distinctive £78.7m office building in Hammersmith.
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Grosvenor launches China fund management company
25 September 2012
Grosvenor has set up a Chinese real estate fund management business.
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Carter Jonas commercial head joins Targetfollow
24 September 2012
Veteran East Anglian agent Chris Haworth has joined Norwich-based Targetfollow as senior adviser.
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BNP Paribas Real Estate: Investment in France - July 2012
24 September 2012
Despite lacklustre economic growth and a slowdown for letting markets, investment in commercial real estate in France performed well in H1 2012 with € 6.6bn invested.
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BNP Paribas Real Estate hires from Capita Symonds
24 September 2012
BNP Paribas Real Estate has appointed a senior director in its investment team from Capita Symonds.
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JLL and Eastdil to sell 90 Long Acre
21 September 2012
Joint agents have been instructed to sell 90 Long Acre, a 195,000 sq ft office building with long-term redevelopment potential in Covent Garden.
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Forward funding for Egham retail development secured
21 September 2012
Ropemaker Properties, the property arm of BP Investment Management, has completed a £17.6m forward funding deal for a retail development in Egham.
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Union acquires Glasgow office block
21 September 2012
Union Investment has acquired the G1 office building on George Square in Glasgow.
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British Land sells £118m of supermarkets
21 September 2012
British Land has sold seven food stores for £118m.
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British Land's £1.5bn Meadowhall tie-up
21 September 2012
Norway’s sovereign wealth fund is about to complete the £750m purchase of a 50% stake in the Meadowhall shopping centre in Sheffield, leaving British Land with its 50% ownership.
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Liberty Living chases down £60m Newcastle blocks
21 September 2012
Liverpool-based Downing sells 850 beds in 2012’s largest regional student deal
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Legions of foreign investors elevate Midtown prices
21 September 2012
Transaction levels are up and yields are down, thanks to activity from overseas buyers. Hardeep Sandher reports
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Models and overseas investors alike fall for Irish charm
21 September 2012
Auction house Allsop Space sees surge in interest for distressed assets. Deirdre Hipwell reports
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Mountgrange in Mercury play
21 September 2012
Fund manager to buy secondary portfolio and sell half to CBRE
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Raglan raises £50m from bonds
21 September 2012
Raglan Housing Association has raised £50m from a sale of a bond to Pension Insurance Corporation to build new houses across the country.
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British Land's £1.5bn Meadowhall tie-up
20 September 2012
Norway’s sovereign wealth fund is about to complete the £750m purchase of a 50% stake in the Meadowhall shopping centre in Sheffield, leaving British Land with its 50% ownership.
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Franc Warwick breakaway
19 September 2012
Two of Franc Warwick’s rising stars have left the company prior to its takeover by CBRE, and have started up their own niche firm.
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Former Liverpool Victoria property head joins UBS
18 September 2012
Howard Meaney, the former head of property at Liverpool Victoria, has joined UBS Global Asset Management as portfolio manager for UBS Triton Property Fund.
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Duo complete £315m debut City deals
18 September 2012
Two overseas investors have completed their debut UK property deals with acquisitions in the City of London totalling £315m.
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Galliford posts 80% profit boost
18 September 2012
Housebuilder Galliford Try today posted an 80% rise in pre-tax profits in the 12 months to 30 June, as revenues for the year rose to £1.5bn from £1.3bn.
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Pramerica in £154m care home sale
18 September 2012
Pramerica Real Estate Investors has sold a portfolio of UK care homes to a US REIT for £154m.
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Marketing begins at £32.5m “Canary Wharf of the north”
17 September 2012
The Exchange Quay Master Trust today confirmed that it was marketing the 433,637 sq ft Exchange Quay office scheme, once dubbed the north’s Canary Wharf, for offers of around £32.5m.
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IPD: rents are more than 11% below their peak
14 September 2012
UK commercial property rents have fallen for a full quarter.
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Anglo Irish Bristol office sale to test regional appetite
14 September 2012
Agents invited to pitch for mandate for Portwall Place as Irish Banking Corp accelerates disposals
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Aviva to sell Cardiff Waterside
14 September 2012
JLL appointed to find long-term investor to continue £100m regeneration scheme
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Roger Hicks tends to his Reading flock with annual review
14 September 2012
Popular event continues after its founder retires from property for rural life. Christine Eade reports
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Sidoli steps up to CBRE board
14 September 2012
Top investment agent Franco Sidoli is to become an executive director at CBRE, after the property services giant confirmed its purchase of his firm, Franc Warwick, on Monday.
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Silverstein joins rich Pole in east Europe
14 September 2012
Poland’s richest man, Jan Kulczyk, and New York real estate developer Larry Silverstein have launched a fund that aims to invest up to €1.5bn in central and eastern Europe.
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RESI 2012: PGGM takes majority stake in UPP
13 September 2012
Dutch pension fund PGGM has confirmed its purchase of a 60% stake in university campus developer UPP from funds managed by Barclays Infrastructure Funds Management.
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Russian developer raises $50m of new debt
13 September 2012
MirLand, the London-listed Russian developer, has secured a $50m loan with Russian bank SberBank for two of its Moscow office investments.
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Redefine to raise £122.5m from share sale
13 September 2012
Redefine International is raising £122.5m from a sale of new shares to reduce its debt.
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Standard Life secures retail park deals
13 September 2012
Standard Life Investments’ UK Retail Park Trust has secured two key lettings at Bedford Interchange Retail Park to Next and Arcadia.
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Earls Court £8bn plan gets green light
13 September 2012
Capital & Counties’ £8bn plan to redevelop iconic London venue Earls Court into more than 7,000 homes across four new villages received outline planning permission last night from Hammersmith & Fulham Council.
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Earls Court redevelopment gets green light
13 September 2012
Capital & Counties’ £8bn plan to redevelop iconic London venue Earls Court into more than 7,000 homes across four new villages received outline planning permission last night from Hammersmith & Fulham Council.
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BCSC: Councils and BCSC partner up to tackle town centre regeneration
12 September 2012
The BCSC held a meeting with the Local Government Association at the BCSC conference in Liverpool yesterday to discuss new ways of stimulating investment in UK high streets.
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BCSC: Crown in £60m Newcastle buy
11 September 2012
The Crown Estate has bought The Gate leisure scheme in Newcastle for £60m, reflecting a net initial yield of 6.75%.
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Ziff: outside London market is "really horrid and tough"
11 September 2012
Leeds-based Town Centre Securities suffered a 6.25% decline in its net asset value in the year to 30 June because of poor sentiment towards property outside London.
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PWC poaches Hughes from rival for senior real estate role
11 September 2012
Ernst & Young’s UK head of real estate Craig Hughes has jumped ship to join rival PWC.
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Hammerson agrees £136m Leeds deal
11 September 2012
Hammerson has exchanged contracts to buy the Victoria Quarter in Leeds for £136m, as revealed by Property Week.
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BCSC: Hammerson agrees £136m Victoria Quarter deal
11 September 2012
Hammerson has confirmed its purchase of the Victoria Quarter in Leeds for £136m, as revealed by PropertyWeek.com.
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Goodman creates $1bn development partnership
7 September 2012
Goodman has established a $1bn development partnership between Goodman Japan and the Abu Dhabi Investment Council.
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Knight Frank appoints new senior partner
7 September 2012
Alistair Elliott has been chosen by Knight Frank’s 61 proprietary partners as the firm’s new senior partner and group chairman, Property Week can reveal.
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Arab Spring tempts VanHan abroad
07 September 2012
VanHan, the luxury London residential agency backed by Palmer Capital, has opened its first overseas offices.Hannah (left) and Van Straubenzee (right) with Rory Penn.
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Axa funds King’s Cross bank HQ
07 September 2012
Axa Real Estate Investment Managers and a “large international client” are to invest nearly £300m into the King’s Cross Central development, by forward funding a new headquarters for BNP Paribas.
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Aylesbury council steps in to buy shopping centre
07 September 2012
Aylesbury Vale Estates, a joint venture between Aylesbury Vale District Council and a consortium of private sector investors co-ordinated byGuildhouse UK, has bought Hale Leys Shopping Centre in Aylesbury, as tipped by Property Week.
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Better second half beckons for Birmingham investment
07 September 2012
Only five transactions in first half, but many assets are on the market.
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Cabinet reshuffle fails to address lack of progess on housing.
07 September 2012
“Shared equity stinks” was the blunt judgement from the finance director of an extremely large house builder I chatted with in early summer.
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Korean Pension Service under offer on Victoria block
07 September 2012
The National Pension Service for Korea is close to buying Grosvenor London Office Fund’s half-share in Hobart House at 40 Grosvenor Place.
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McCabe unites with Nigeria
07 September 2012
Sheffield United owner aims to raise $500m of African capital for property and football.
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Patron gleans €880m for new fund
07 September 2012
Patron Capital has raised €880m of equity, which includes a €100m discretionary co-investment pool, for its new European property fund.
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Prupim gives Chase at 4.5%
07 September 2012
Prupim has completed the purchase of a 105,977 sq ft Morrisons supermarket in Sheldon, Birmingham, for £54m.
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Queensberry seeks backer for Newport mall
07 September 2012
Queensberry Real Estate is seeking a joint venture partner for its £100m Friars Walk scheme in Newport.
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Witkoff sells in Covent Garden
07 September 2012
DCD Group and Witkoff Group are to put up for sale an office block in central London’s Covent Garden at £170m.
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TIAA-CREF completes Festival Place purchase
6 September 2012
US financial services organization TIAA-CREF has purchased Festival Place Shopping Centre in Basingstoke from Grosvenor Festival Place Fund, as tipped by Property Week (13/4/12).
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MGPA raises €85m for Asian property fund
6 September 2012
Private equity real estate advisor MGPA has announced the first close of its Asian property fund, MGPA Asien Spezialfonds, with commitments of €85m from three German institutional investors.
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EPRA 2012: Zell calls for Greece to leave Euro
6 September 2012
Sam Zell, founder of Equity Group Investments, has called for Greece to leave the Euro.
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Sugar to offload three acre South Bank site
6 September 2012
Alan Sugar’s Amsprop is planning to sell a £130m Thames-side office building on London’s South Bank that has long-term redevelopment potential, PropertyWeek.com can reveal.
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German GLL buys in Pall Mall
6 September 2012
GLL Real Estate Partners has bought Kinnaird House on London’s Pall Mall for around £57m.
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Picton proposes plans for final piece in refinancing jigsaw
6 September 2012
Picton Property Income has revealed proposals to finance the repayment of its zero dividend preference shares, which would complete the refinancing of its entire debt.
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Orchard Street buys Tesco Extra in Wembley
6 September 2012
Tesco Extra in Wembley has been bought by Orchard Street Investment Management for £61.8m.
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EPRA 2012: European listed sector "at a tipping point"
6 September 2012
The European listed property sector is at a precarious “tipping point” according to European Public Real Estate Association chairman and Hammerson chief executive, David Atkins.
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Valad lets 7m sq ft in six months
5 September 2012
Valad Europe, the multi-let real estate investment manager, let 7m sq ft of space across Europe in the first half of the year, generating annual rental income of €42.5m.
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Mucklow reports 6.6% NAV drop
5 September 2012
A&J Mucklow, the West Midlands shed investor, incurred a 6.6% drop in its net asset value in the year to 30 June.
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L&G funds £43m student digs scheme
5 September 2012
Legal & General Property is to fund a £43.2m student accommodation scheme in Greenwich, which is prelet to the local university.
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Battersea Power Station sold; chief executive hired
5 September 2012
The Malaysian buyers of Battersea Power Station this morning announced they had completed the £400m purchase of the site, and confirmed the appointment of a former Treasury Holdings boss as their chief executive.
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Patron Capital raises €880m for new property fund
5 September 2012
Patron Capital has raised €880m of equity, which includes a €100m discretionary co-investment pool, for its new European property fund.
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GLL buys Pall Mall block
4 September 2012
GLL Real Estate Partners has bought Kinnaird House on London’s Pall Mall for around £57m.
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Olympic boost at Wick Lane Wharf
4 September 2012
A joint venture between Development Securities and Realstar has let half of the 112 residential units at Wick Lane Wharf in Hackney Wick, east London.
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British Land to raise up to £400m in bond market
4 September 2012
British Land is taking advantage of the cheap corporate bond market to raise up to £400m of unsecured five-year money.
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New international investment boss at BNP Paribas Real Estate
4 September 2012
BNP Paribas Real Estate has hired a new senior director of international investment who previously worked as ING REIM’s director of central London acquisitions.
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Covent Garden block set for £170m sale
3 September 2012
Agents are close to being instructed to sell a large office building with long-term redevelopment potential in Covent Garden, for offers of around £170m.
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Axa in £300m King’s Cross Central funding deal
3 September 2012
Axa and a joint venture client are to put £300m into King’s Cross Central, having agreed to “forward fund” the new headquarters of BNP Paribas bank.
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Cushman & Wakefield: UK quarterly market report
3 September 2012
The weak global economic outlook and eurozone debt crisis continue to weigh heavily on the UK property investment market.
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DTZ: CEE investment market update
3 September 2012
A report from DTZ Research, shows total direct commercial real estate investment in Central European declined to €327m in Q2 2012, a 60% decline quarter-on-quarter. Total investment in H1 2012 now stands at €1.2bn, 25% below the H1 average (since 2001) of €1.6bn.
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Marriott departs from Oxford Properties
31 August 2012
Oxford Properties has confirmed the departure of its UK managing director, Simon Marriott.
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Prime London residential portfolio up for sale
31 August 2012
A portfolio of prime London residential assets has been put up for sale for £61.65m.
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Forum marks decade of global investment with a difference
31 August 2012
Firm has $6bn of assets under management and £2.5bn invested in property companies
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Green fund to provide £50m retrofit repository
31 August 2012
UK Energy Efficiency Investments launches ahead of green bank. Sarah Townsend reports
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PAIFs can help unscramble investment conundrum
31 August 2012
Opportunities for UK private investors to invest indirectly — through property and other funds known as unregulated collective investment schemes (UCIS) — will be severely restricted if proposals recently issued by the Financial Services Authority (FSA) take effect.
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Pears and DevSecs’ Chrome finish
31 August 2012
Pears Group and Development Securities have completed their acquisition of the Chrome portfolio from NAMA (Ireland’s National Asset Management Agency) for £103m, as tipped by Property Week (news, 07.02.12).
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Skandia sale shores up Southampton market
31 August 2012
Danmerc, the Danish fund, has paid £26.625m for Skandia House (pictured), in Southampton’s biggest investment deal for three years.
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Raven Russia continues steady progress
29 August 2012
Raven Russia increased its net asset value by 4% in the first half of the year, driven by a rise in the value of the portfolio to $1.4bn.
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GVA appoints new head of investment in Scotland
29 August 2012
GVA has appointed a new head of investment in Scotland after a long-running search.
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Hansteen reports flat NAV
29 August 2012
Hansteen has posted a small decline in net asset value at the half-year stage after the adverse impact of the Euro’s depreciation wiped out portfolio valuation gains.
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Dublin’s Burlington Hotel on the block at 25% of 2007 price
29 August 2012
Dublin’s well-known Burlington Hotel has been up for sale with a guide price of €65m to €75m, around a quarter of what it was bought for in 2007.
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Hansteen reports flat NAV
29 August 2012
Hansteen has posted a small decline in net asset value at the half-year stage after the adverse impact of the Euro’s depreciation wiped out portfolio valuation gains.
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Pears Group and DevSecs complete £103m Chrome purchase
28 August 2012
Pears Group and Development Securities have completed their acquisition of the Chrome portfolio from NAMA for £103m, as tipped by Property Week.
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Maud freeze threat
24 August 2012
Propinvest director hits out at Guernsey court injunction as “malicious” and promises vigorous defence
-
Henderson fund life extends shopping centre hopes
24 August 2012
A new plan to develop in Glasgow and the St James Centre in Edinburgh is to be put in place by the end of the year.
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Investors expect Europe recession
24 August 2012
An increasing number of European real estate investors believe there will be a Europewide recession.
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Invisible hand keeps us playing a longer game
24 August 2012
John Kay, professor at the London School of Economics, reported on behalf of the government this summer that fund management was dominated by “short-term thinking”.
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Leslau cautious over London
24 August 2012
Prestbury chairman says capital’s investment future is uncertain
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Maud freeze threat
24 August 2012
Propinvest director hits out at Guernsey court injunction as “malicious” and promises vigorous defence
-
Peck remains in order at Native Land
24 August 2012
Buccleuch Property is to remain a key funder of Native Land, despite selling 40% of the company to a business linked with the Qatari royal family last month.
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Q+A: Morgan Lovell’s Monica Parker
24 August 2012
Office design firm Morgan Lovell has appointed Monica Parker as head of workplace consultancy. Property Week quizzed her on her new role.
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Singapore takes vacation
24 August 2012
The Government of Singapore Investment Corporation is in talks to buy four US resorts for $1.5bn.
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Thailand recruits Townsend Group
24 August 2012
The Government Pension Fund of Thailand has appointed US-based Townsend Group to help it to build a global property portfolio, and has invested an initial $250m into core and special situations funds across Europe, North America and Asia.
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Pearl resolves dispute with Continental Resources Development Corporation
23 August 2012
David Pearl’s Structadene has resolved its dispute with its joint venture partner, Continental Resources Development Corporation.
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Montague proposes private rented plan
23 August 2012
The government this morning published a much anticipated review into encouraging institutional investment into the private rented sector.
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Cordea Savills completes first closing for European retail fund
23 August 2012
Cordea Savills has raised €70m of equity in the first closing of its €500m European retail fund.
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Metric completes St Albans acquisition
23 August 2012
Metric Property Investments has completed its acquisition of a 25,300 sq ft unit at Alban Park, St Albans for £4.6m. The price reflected a net initial yield of 7.75%.
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Montague proposes radical private rented plan
23 August 2012
The government this morning published a much anticipated review into encouraging institutional investment into the private rented sector.
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Max to buy Holborn development opportunity
22 August 2012
Nick Leslau and Mike Brown’s Max Property Group is under offer on the High Holborn Estate, which has planning consent for a 205,000 sq ft mixed-use development.
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Sunrise Senior Living agrees to $845m takeover by rival
22 August 2012
Sunrise Senior Living has agreed to be bought by US rival, Health Care REIT, for $845m in a deal that will create one of the biggest owners of nursing homes in the US, Canada and UK.
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CLS launches £50m retail bond
22 August 2012
CLS Holdings today launched a £50m retail bond.
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PHP in healthy shape
22 August 2012
Primary Health Properties today reported a solid set of half-year figures.
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BNP Paribas Real Estate: Luxembourg city report H1 2012
22 August 2012
The first half of 2012 was marked by positive signs in the office occupier market. Demand is proving to be resilient so far and completions remain at low levels.
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Derwent increases NAV by 4.1% in first half
22 August 2012
Derwent London posted a strong set of half-year results this morning.
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CBRE: German investment market report H1 2012
20 August 2012
The investment market for commercial properties in Germany saw a total investment volume of €9.4bn in the first half of 2012, 15% less than in the same period of last year, a market report by CBRE shows.
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AFI portfolio loses $400m in value
17 August 2012
Shares in London-listed Russian developer AFI Development plummeted on Monday after it issued a profit warning.
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Brookfield predicts ‘real asset’ appeal
17 August 2012
Brookfield Asset Management CEO Bruce Flatt expects that most institutional investors will increase their allocations to “real assets” by up to five times over the next decade.
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Buyers line up for LNR
17 August 2012
Two of the most acquisitive investors in the property services sector are in the frame to buy LNR Property, the world’s largest commercial mortgage special servicer and owner of Hatfield Philips.
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CLS’s £50m retail bond plan
17 August 2012
CLS Holdings is the latest listed company to tap private investors for a new source of debt finance.
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German fund rule threat to investment
17 August 2012
Legislation could damage liquidity of investor capital, but buoy REIT sector
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Q+A: Kent Griffin, president, Biomed Realty
17 August 2012
Biomed Realty bought its first European investment property, Granta Park in Cambridge, in June.
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Regeneration protected by tax-incentive cap scrapping
17 August 2012
Decision will enable allowance-driven property investment in schemes. Sarah Townsend reports
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US’s TPG eyes City trophy
17 August 2012
Private equity firm to buy Woolgate Exchange junior debt as platform for possible full purchase of asset
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LaSalle completes retail park fund acquisition
16 August 2012
LaSalle Investment Management has completed its acquisition of the Hercules Income Fund from British Land.
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Kennedy Wilson acquires 50% stake in Ireland office
16 August 2012
Kennedy Wilson has acquired 50% of an office building in Dublin for €15m, in its first office acquisition in the city.
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Topland's trio of office deals
16 August 2012
Topland Group has bought three office buildings in Bristol, Harlow and Stevenage for a total of £11.8m, bringing its total investment in the past four weeks to more than £24m.
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Cap & Reg's German woes hurt first-half results
15 August 2012
Capital & Regional was hit by problems in its German portfolio in the first half of the year.
-
Evans Randall sells $333m business park
15 August 2012
O1 Properties has today announced the purchase of a Moscow business centre from Evans Randall, in a deal originally revealed by Property Week.
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LaSalle European head Lloyd-Hurwitz to leave for Australia
15 August 2012
Susan Lloyd-Hurwitz is to step down as European managing director of LaSalle Investment Management to join an Australian property company as chief executive.
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CLS reports strong first-half figures
15 August 2012
CLS Holdings this morning proved once again that it is possible to make money in the secondary office market.
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IPD: City office values past their peak
14 August 2012
Office prices in the City of London fell for the second consecutive month in July, indicating values in the sector may be past their peak.
-
GPE and CapCo sell Regent Arcade House
14 August 2012
Great Portland Estates and Capital & Counties have sold Regent Arcade House in London for £50m.
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DTZ’s owner posts 15% drop in net profit
13 August 2012
Shares in DTZ’s Australian owner UGL, dropped more than 10% today after the company reported a 15% drop in net profit.
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DTZ’s owner posts 15% drop in net profit
13 August 2012
Shares in DTZ’s Australian owner UGL, dropped more than 10% today after the company reported a 15% drop in net profit.
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Podcast: BNP Paribas Real Estate's Cruickshank on London investment
13 August 2012
BNP Paribas Real Estate International Investment Director Andrew Cruickshank joined LBC’s James Max in the Property Week podcast studio in the run up to the Olympics.
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Revealed: details of the Montague Review
13 August 2012
A long-awaited Government review into kickstarting the private rented housing market is expected to recommend local authorities waive affordable housing requirements on selected private rented schemes in a bid to encourage institutional investment into the sector.
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Revealed: details of the Montague Review
13 August 2012
A long-awaited Government review into kickstarting the private rented housing market is expected to recommend local authorities waive affordable housing requirements on selected private rented schemes in a bid to encourage institutional investment into the sector.
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Hammerson in £135m regional buy
10 August 2012
Hammerson has put under offer a 217,754 sq ft regional shopping centre in a strategic deal for the retail REIT, PropertyWeek.com can reveal.
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British Land to offload Ropemaker Place
9 August 2012
Agents have been instructed to sell Ropemaker Place, the £500m former headquarters of Merrill Lynch near Liverpool Street Station, on behalf of British Land.
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Singapore investor buys Cavendish Hotel
3 August 2012
Singapore-based company Ascott Limited has bought the Cavendish Hotel London for approximately £160m.
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From riot to rejuvenation ...
03 August 2012
One year after Tottenham was set ablaze by rioters, Property Week revisits the north London neighbourhood and meets Alan Strickland, chairman of the mayor of London’s taskforce, and outspoken local Labour MP David Lammy, who are spearheading its rehabilitation.
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Pramerica to pick up shopping for John Lewis
03 August 2012
Pramerica Real Estate Investors has been appointed by John Lewis Partnership Pensions Trust to increase its portfolio of UK property investments to £270m
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Take three … schemes to bring Tottenham back to life
03 August 2012
Property Week takes a look at three schemes in Tottenham
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Track upgrades promise faster journey times … and headaches for landowners
03 August 2012
The government announced new investment of £4.5bn earlier this month to upgrade the nation’s railway infrastructure between 2014 and 2019.
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Yalla Yalla wants London sites in a hurry
03 August 2012
Lebanese street food restaurant Yalla Yalla plans to open at least four more sites in the next 18 months across London.
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Dunedin makes Manchester splash
2 August 2012
Dunedin Property has secured US backing to buy two Manchester blocks from CBRE Global Investors for around £23m – half the price that the fund manager paid for them in 2005.
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CBRE: German Retail Investment H1 2012
1 August 2012
The investment market for commercial properties in Germany registered an investment volume of around €9.4bn in the first half of 2012, a decline by 15% year-on-year.
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American fund manager to buy £250m City gem
1 August 2012
A US fund manager has placed KanAm’s Winchester House in the City of London under offer for around £250m.
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Native Land ends two-year Mayfair search on Old Burlington Street
1 August 2012
A joint venture between Native Land and a pair of Far Eastern backers has completed the purchase 30 Old Burlington Street, just off London’s Regent Street, as revealed by PropertyWeek.com.
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Investment slump worsens: IPD
1 August 2012
Investment into UK commercial property suffered a double-dip decline in the second quarter of 2012 as total returns halved and landlords outside London continued to look badly exposed.
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Barclays in £52m Aberdeen financing deal
30 July 2012
Drum Property Group has secured development finance from a major UK bank for the 350,000 sq Aberdeen business park that it is currently “forward selling” to F&C REIT.
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Tiger Tiger operator claws £100m backing
27 July 2012
The company behind bar chain Tiger Tiger has received £100m of investment to double its central London portfolio.
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US data centre company to debut in UK
27 July 2012
A US player is to make its entrance to the burgeoning UK data centre market.
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DTZ: Investment Market Update - Europe - Q2 2012
27 July 2012
Increasing inter-regional capital flows
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The Property Archive: UK Property Investment Bulletin - Q2 2012
27 July 2012
In the land of Euro uncertainty, Central London is a beneficiary
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CBRE’s industrial action in Aberdeen
27 July 2012
CBRE Global Investors has bought Wellheads Industrial Estate in Aberdeen from F&C Reit Asset Management, as investor appetite for the oil-rich economy continues.
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New routes to China will create new routes for investors
27 July 2012
China is still on track to overtake the US as the world’s largest economy by 2020.
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UK remains ‘core’ for German bank
27 July 2012
Münchener Hypothekenbank has provided £54.2m of debt finance for properties in London.
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NAMA reports €247m annual profit
25 July 2012
Ireland’s National Asset Management Agency (NAMA) made a net profit of €247 million in 2011 after incurring an impairment charge of €1.27bn to cover bad loans.
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IPD: Ireland property values down 66% in downturn
25 July 2012
Irish real estate values continued to decline in the second quarter – by 1.8% - and have now fallen by a cumulative 66% since September 2007, according to the latest SCSI/IPD Ireland Quarterly Property Index.
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Stanhope shares bought by overseas investors
24 July 2012
Mitsui Fudosan and Alberta Investment Management Corp have taken significant shareholdings in developer Stanhope.
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Blackstone buys €203m of French sheds
24 July 2012
Blackstone’s love affair with sheds continued today with the agreement to buy 28 French assets for €203m.
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New European CMBS guidelines revealed
24 July 2012
CRE Finance Council Europe, the commercial real estate finance body, today launched a consultative document designed to stimulate the moribund European commercial mortgage-backed securities (CMBS) market.
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Great Portland continues strong financial performance
24 July 2012
Great Portland Estates this morning showed why it is the darling of the listed property sector with another strong financial performance.
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Pension fund scores Goals
20 July 2012
Five-a-side football group Goals Soccer Centres has agreed to a £73m takeover by Ontario Teachers’ Pension Plan.
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£150m student accommodation stake up for sale
20 July 2012
A 75% stake in a £200m London student accommodation portfolio is to be brought to the market in September.
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Mountgrange rises to Mercury portfolio
20 July 2012
Fund manager beats Palmer, Rowan, JP Morgan and F&C Reit to £184m assets
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Flood pact risk
20 July 2012
The number of properties at “significant” flood risk will double over the next 20 years to 630,000, unless the government increases investment in flood defences, a study by the Committee on Climate Change has revealed.
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Germans in £60m Scotland buy
20 July 2012
A German open ended fund manager has entered exclusive talks to make one of the largest regional office purchases of the year, propertyweek.com can reveal.
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Gulf investors go Native
20 July 2012
Native Land has sold a 45% stake in the business to a group of Gulf investors linked with the Qatari royal family, enabling it to plough an initial £1bn into London residential sites and projects over the next two years.
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Overseas buyers keep London on top as market looks up
20 July 2012
UK investment volumes increased by 14% in the second quarter and overseas buyers have continued London’s domination of the market.
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Overseas investors find pockets of regional cheer
20 July 2012
Prime yields edged up to 5.83% in June — their highest level since March 2010 — Cushman & Wakefield reports.
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Patron and Revetas go east with new fund
20 July 2012
Patron Capital Partners and Revetas Capital Advisers have joined forces to invest up to €100m in distressed property opportunities in central and eastern Europe.
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Town Centre Securities makes Leeds purchase
19 July 2012
Investment and development company Town Centre Securities has bought 6-7 Park Row in Leeds.
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Segro warns of £12m rent loss from Neckermann insolvency
18 July 2012
Segro has been hit hard by the collapse of one of its biggest tenants, the German mail-order company Neckermann.
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£50bn infrastructure investment announced
18 July 2012
Chancellor George Osborne has today pledged to underwrite £50bn of investment in flood defence infrastructure, in a move that has been welcomed by the property industry.
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Gazeley gets go-ahead on first rail connected shed
17 July 2012
Gazeley has received detailed consent to build an 850,000 sq ft rail-connected warehouse at G Park Ashby de la Zouch in the East Midlands.
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Edinburgh property snapped up for £2.9m
17 July 2012
Grovemoor Properties has sold 106-108 George Street, an office and retail scheme in Edinburgh, for £2.9m.
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Investment company secures loan for Bradford buys
17 July 2012
A new property investment company has bought a series of addresses in Bradford and Hull after securing a £1.3m loan.
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Schroder REIT NAV slips
17 July 2012
Schroder Real Estate Investment Trust’s net asset value dipped slightly to 50.6p over the last year.
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Delancey makes 1m sq ft Olympic play
16 July 2012
Delancey is the property backer of ICity, the frontrunner to buy the 1m sq ft International Broadcast Centre and Main Press Centre following the Olympic Games, PropertyWeek.com can reveal.
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UK Coal sells 900 acres
16 July 2012
UK Coal has sold 900 acres of UK agricultural land and associated buildings to a pension scheme.
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University of the Arts puts London HQ up for sale
13 July 2012
Knight Frank has been appointed by a private investor to sell University of the Arts’ building at 272 High Holborn in London.
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Giant Tchenguiz residential business in line for breakup
13 July 2012
Vincent Tchenguiz’s residential ground rent business, which he has valued at £3.5bn, is to be broken up, with a major UK institution set to buy a portion of it.
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Cap & Reg Mall Fund dips 2%
13 July 2012
Capital & Regional has reported a 2% decline in the value of its Mall Fund for the three months to 30 June.
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BBC selects TV Centre developer
13 July 2012
The BBC has selected Stanhope as preferred bidder to buy its Television Centre site in West London.
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Bargain hunters hit Hatton Garden
13 July 2012
Loan expiry at 120 Holborn next week prompts offers
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Berkeley sets up home in Hong Kong and Singapore
13 July 2012
Developer’s Asian offices will target growing numbers of Far Eastern buyers of central London property
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FSA lifts lid on crippling missold property interest rate swaps
13 July 2012
Investors hurt by Barclays, HSBC, Lloyds and RBS now claiming compensation. Mike Phillips reports
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Hermes assembles Guildford Friary site
13 July 2012
Hermes Real Estate Investment Management has taken a step closer to developing a 400,000 sq ft extension to its Friary Shopping Centre in Guildford, after buying a site within the development area and appointing architects.
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InfraRed goes live in Norwich
13 July 2012
InfraRed Capital Partners has bought the Castle Mall shopping centre in Norwich from the Mall Fund for £77.3m — an initial yield of 7.8%.
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Junction whets investor appetites
13 July 2012
Hammerson, Blackstone and Pradera with Brockton Capital in the running
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Mapping out a modern metropolis
13 July 2012
Property Week and Aecom’s Cities of the Future report reveals how the urban landscape needs to adapt to grow over the next 25 years
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Mayad Rassam “I met a client who had such a complex hedging structure, it took two days to model fully”
13 July 2012
Swaps have received much attention in the national press, mostly negative and focusing on high street banks misselling hedging products to small and medium-sized businesses, so-called non-sophisticated customers.
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Moylan out of the starting blocks
13 July 2012
New chairman of London Legacy Development Corporation speaks exclusively to Property Week International
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New Outfit prompts makeover for Perth retail park
13 July 2012
Pradera and the European Property Investors Special Opportunities fund are poised to undertake a substantial redevelopment of St Catherine’s Retail Park in Perth into a shopping park.
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Positive Altitude
13 July 2012
Newly launched asset manager to focus on West Country where there is “incredible potential for growth”. Sarah Stewart reports
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Westbourne Grove office block sold for £19m
13 July 2012
JR Capital and Alchemi Group have bought an office building in London’s Westbourne Grove for a consortium of private and institutional Middle Eastern investors.
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Weston promise: private and public sectors unite
13 July 2012
St Modwen counts on creative sector and public partnerships. Sarah Stewart reports
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Palmer back on track to take over Invista after Mount Street withdraws
12 July 2012
Palmer Capital looks set to succeed with its £39.7m offer for Invista Real Estate Investment Management after a potential rival bidder pulled out of the battle.
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Danmerc acquires Skandia Life HQ
12 July 2012
Danmerc Ltd, part of Cording Group, has agreed terms to acquire Skandia Life’s European headquarters building in Southampton on behalf of Britannia Invest A/S for more than £26.5m.
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Report: Infrastructure and skills is key to healthy cities
12 July 2012
Cities that invest heavily in infrastructure and skills have more of a chance of long-term economic prosperity than those that do not, a report has concluded.
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PHP raises £75m from retail bond issue
11 July 2012
Primary Health Properties has raised £75m from a sale of retail bonds, a week earlier than expected.
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Chester’s Tom Tyler joins Workspace Group
11 July 2012
Former Chester Properties’ directors Jamie Hopkins and Tom Tyler have reunited.
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Acuitus sells 58% of lots at July auction
11 July 2012
The auction market “is not on the slide”, Acuitus auctioneer Richard Auterac insisted today after the firm’s July sale.
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Picton reports 5% drop in NAV
11 July 2012
Picton Property Income chairman Nicholas Thompson said the company would focus on “short-term value creation”, once it had concluded the refinancing of its debt.
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Derwent expands Victoria holdings
11 July 2012
Derwent London has assembled a 1.2 acre site in London’s Victoria, after buying Francis House, a 57,000 sq ft office block on Francis Street.
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Stanhope poised to buy City site
10 July 2012
Stanhope, with funding from Benson Elliott, is frontrunner to buy a City development site out of receivership.
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LSH: Thames Valley Office Market Report 2012
10 July 2012
The annual research highlights steady office take-up over the last two years, which is resulting in gradual erosion of quality office stock across the Thames Valley.
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Money raised by UK funds lowest since 2003
10 July 2012
New money raised by the UK’s 63 pooled property funds in the first quarter of this year was the lowest in more than eight years.
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Mount Street considers Invista counter-bid
9 July 2012
The battle to buy Invista Real Estate Investment Management took a turn this afternoon, when a small real estate private equity firm entered the fray.
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Kennedy Wilson forms JV with Deutsche for €2.5bn property loan buys
9 July 2012
US private equity firm Kennedy Wilson has formed a joint venture that will allow it to buy up to €2.5bn of distressed European property loans.
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Gatehouse Bank in £59m Aberdeen buy
9 July 2012
Gatehouse Bank, the Shariah compliant investment bank has acquired the Bridge View and Consort House in Aberdeen from Ulster Estates for £59.9m. The deal represents a net initial yield of 7.15%.
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Wereldhave signs Wagamama for Ealing Broadway revamp
9 July 2012
Restaurant chain Wagamama has taken a 5,800 sq ft unit at Ealing Broadway shopping centre, which received planning permission to revamp its arcade fronting from Ealing Council at the end of last month.
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Standard Life and Topland settle legal battle
9 July 2012
Standard Life and Topland have reached a settlement over the sale of London’s main divorce courts.
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Aviva Investors' Market Edge - European real estate: navigating the sovereign debt crisis
6 July 2012
The Greek election results appear to have reduced the near-term risks of Greece leaving the euro zone. But Europe still faces huge economic, social and political challenges.
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DTZ: Central London Investment Volumes - H1 2012
6 July 2012
DTZ’s Central London Investment Volumes report for H1 2012 shows an increase in foreign buyers
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Lend Lease sells stake in Sheffield PFI
6 July 2012
Lend Lease has sold its equity stake in the University of Sheffield private finance initiative (PFI) project to the Lend Lease UK Infrastructure Fund.
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German commercial property investment drops
6 July 2012
A report published by CBRE today reveals investment in German commercial properties over the first half of 2012 has dropped compared with the same period last year.
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Blackstone delights in Turkish malls
6 July 2012
American fund manager buys three shopping centres from Redevco
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Grosvenor opens investor doors in Belgravia
6 July 2012
Grosvenor has put up for sale a half-share in a Belgravia office property, after placing under offer a £95m block in Holborn.
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Henderson €250m shed fund
6 July 2012
Henderson Global Investors has launched a German logistics fund of up to €250m.
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Henderson’s Caspar proves a friendly host for investors
6 July 2012
Regional portfolio has performed well since the downturn and could return up to £200m for fund manager
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Patron Capital lodges Goals transfer request
6 July 2012
Fund considers poaching Powerleague rival from under Canadian bidder’s nose
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Wainbridge enlists asset manager for London push
6 July 2012
Wainbridge has made a series of personnel changes as part of the London investment and development company’s expansion drive.
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Battersea details revealed
5 July 2012
A breakdown of the deal to buy Battersea Power Station by SP Setia, Sime Darby and the Malaysian Employees Provident Fund were released this morning.
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Battersea details revealed
5 July 2012
A breakdown of the deal to buy Battersea Power Station by SP Setia, Sime Darby and the Malaysian Employees Provident Fund were released this morning.
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Internos completes €75m first close of hotel fund
4 July 2012
Internos, the pan European owner-managed real estate fund manager, has undertaken the first closing of its hotel fund and has exchanged contracts on four hotels to seed the fund.
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Residential drives 6% NAV jump at St Modwen
3 July 2012
St Modwen’s increased focus on residential development led to a forecast-beating financial performance in the six months to 31 May
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Grosvenor to sell half-share in Belgravia block
2 July 2012
Grosvenor’s London Office Fund has put up for sale a 50% stake in London’s 40 Grosvenor Place for £105m.
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Blackstone buys Redevco's Turkish business
2 July 2012
Redevco, the retail property investor, has agreed to sell its Turkish portfolio and management platform to Blackstone. The price is believed to be around €220m.
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Segro in €160.8m French deal
2 July 2012
Segro has agreed to buy eight French logistics estates for €160.8m from Foncière Europe Logistique.
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Segro in €160.8m French deal
2 July 2012
Segro has agreed to buy eight French logistics estates for €160.8m from Foncière Europe Logistique.
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Henderson submits plans for Swindon revamp
29 June 2012
Henderson Global Investors has submitted a planning application for the development of more than 50,000 sq ft of new retail and catering space at its Swindon Designer Outlet Centre.
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90 North in Lincoln and Canterbury
29 June 2012
Sharia-compliant investor 90 North Real Estate Partners has completed two deals totalling £64m.
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Berkeley gets Belgravia bonus
29 June 2012
Housebuilder presales likely to top £450m at site bought “at bottom of market” for £22m
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Deals of the downturn
29 June 2012
The financial crisis has raged on now for five years, but a few savvy property investors found gems in the gloom. Mike Phillips reports
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Foreign buyers behind 90% of City’s £3bn first-half investment deals
29 June 2012
Foreign investors’ appetite for offices in London’s business districts has not waned in 2012.
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John Lewis prompts £100m Chelmsford sale
29 June 2012
Developer seeks £100m forward-funding after retailer doubles store size. David Hatcher reports
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KKR to buy out Gemini loans
29 June 2012
KKR is backing a proposed buyout of a property portfolio valued at £1.2bn at the top of the market.
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MGPA in poll at South Quay
29 June 2012
Private equity firm MGPA is understood to be frontrunner to buy the South Quay Plaza office building in Docklands for around £95m.
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Qatar clinches five-star hotels, including Martinez
29 June 2012
Qatari investor Katara Hospitality is poised to buy four French hotels, which includes MIPIM focal point the Martinez.
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Russian investor sues Wharf Land over £12m site sale
29 June 2012
Entrepreneur claims damages in High Court after deal for Reading land goes sour. Patrick Gower reports
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Social housing REIT hopes appear distant
29 June 2012
In consultation response, BPF advises government returns may be inadequate
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South Norwich opportunities review
29 June 2012
David Lock Associates is to submit its draft report for the future of south Norwich to the Homes and Communities Agency and Norwich City Council by the end of the summer.
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Take three ... other cash-rich East Anglian investors looking to spend
29 June 2012
Unex Group
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Lights, camera, action for Crown Estate at BAFTA HQ
28 June 2012
The Crown Estate is under offer to buy the iconic Princes House on Piccadilly, the headquarters of the British Academy of Film and Television Arts (BAFTA). The group is paying around £86m for the building.
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Picton secures two new debt facilities
28 June 2012
Picton Property Income has secured two separate debt facilities from insurers Aviva and Canada Life,it announced today.
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London & Stamford completes Surrey office acquisition
28 June 2012
London & Stamford has acquired Unilever House on Leatherhead Office Park in Surrey for £61.15m, as revealed by Property Week.
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Research veteran Paul McNamara to retire from Prupim
27 June 2012
Leading property researcher Paul McNamara is retiring from the Prudential after 25 years at its property fund management arm.
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Safestore reports drop in earnings
27 June 2012
Safestore, the self-storage provider, suffered a drop in earnings and net asset value in the six months to 31 March.
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Meyer Bergman launches €1bn fund
26 June 2012
Meyer Bergman, the European retail real estate fund manager, is believed to have secured around €130m of equity at the first close of its second fund.
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Meyer Bergman launches €1bn European retail fund
26 June 2012
Meyer Bergman, the European retail real estate fund manager, is believed to have secured around €130m of equity at the first close of its second fund.
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Assura aims for REIT conversion
26 June 2012
Assura Group, the primary healthcare property investor, is aiming to covert to a REIT.
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Pricoa makes debut UK property loan
25 June 2012
Pricoa Mortgage Capital has closed a £70m commercial real estate loan in the UK, the first financing since launching its European business earlier this year.
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Savills to market Midtown office development
25 June 2012
Cordea Savills has brought 10 Fetter Lane in London to the market for a guide price of £26.8m. The price reflects net initial yield of 5.75%.
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€700m Santander portfolio sale collpases
22 June 2012
The sale of a €700m Spanish loan portfolio sale from Santander to Morgan Stanley has collpased after the pair could not agree a price.
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Forum Partners services £30m London office start-up
22 June 2012
Forum Partners is providing £30m of equity funding for a new London serviced office company.
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Investors face mounting problem of obsolescence
22 June 2012
BCO research reveals 15% of portfolios failing to meet demands. Sarah Townsend reports
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Investors face mounting problem of obsolescence
22 June 2012
BCO research reveals 15% of portfolios failing to meet demands. Sarah Townsend reports
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Kings of Soho
22 June 2012
Soho Estates’ John James and Steve Norris plan to transform streets synonymous with sleaze into edgy, upmarket bars, shops and restaurants. Hardeep Sandher met them. Photographs by Tim Foster
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Kings of Soho: James and Norris's Soho transformation
22 June 2012
Soho Estates’ John James and Steve Norris plan to transform streets synonymous with sleaze into edgy, upmarket bars, shops and restaurants. Hardeep Sandher met them. Photographs by Tim Foster
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LaSalle buys Coventry retail block
22 June 2012
LaSalle Investment Management has completed the purchase of the long leasehold interest of a retail block in the centre of Coventry.
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McBains Cooper Kabul call-up
22 June 2012
Property and construction consultancy firm McBains Cooper has been drafted in to help redevelop Kabul, capital of Afghanistan, as Britain and the US prepare to pull their troops out.
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Quintain teams up with Hong Kong billionaire in Greenwich
22 June 2012
Quintain’s shares jumped by 15% to 38p on Monday after it signed a funding partner for its 14m sq ft residential-led development around the O2 in London’s Greenwich.
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Studley forges further global alliances
22 June 2012
International “tenant rep” adviser AOS Studley has signed strategic partnerships to enter sub-Saharan Africa, northern Europe and Russia.
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Unibail-Rodamco’s German retail venture
22 June 2012
Unibail-Rodamco is to buy from opportunity fund manager Perella Weinberg Partners a 51% stake in MFI, the German shopping centre company that has up to €2bn of assets.
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WELPUT makes £25.8m Farringdon Road purchase
21 June 2012
The freehold interest in 143-157 Farringdon Road, EC1 has been bought by The West End of London Property Unit Trust (WELPUT), managed by Schroders and advised by Grafton Advisors.
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SWIP buys in Glasgow
21 June 2012
Scottish Widows Investment Partnership has made a prime retail purchase in Glasgow.
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Deutsche and Guggenheim end RREEF sale talks
20 June 2012
Deutsche Bank has ended exclusive negotiations with Guggenheim Partners over a sale of RREEF, its global real estate investment management business.
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LandSecs’ Akers paid £1.13m last year
20 June 2012
Richard Akers was the biggest financial winner among Land Securities’ directors last year.
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Internos wins German spezialfonds licence
20 June 2012
Internos, the pan European real estate fund manager, has been granted a KAG licence by the German Financial Regulator BaFin to manage German spezialfonds, the preferred investment vehicle for German institutional investors.
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LandSecs’ director Akers paid £1.13m last year after retail outperformance
20 June 2012
Richard Akers was the biggest financial winner among Land Securities’ directors last year.
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City Corporation hunts new developer on London Wall Place
20 June 2012
The City of London Corporation is to market the St Alphage House development site, known as London Wall Place, following Hammerson’s option as preferred developer lapsing.
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IPD: property returns slump to June 2009 level
18 June 2012
UK commercial property values in May suffered their largest monthly drop since the eurozone debt crisis started to bite last autumn.
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WELPUT buys in Farringdon
15 June 2012
The West End of London Property Unit Trust has exchanged contracts to buy 143-157 Farringdon Road from Threadneedle.
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Aviva Investors to sell £105m student digs portfolio
15 June 2012
Aviva Investors has put up for sale a 2,400 bed student accommodation portfolio.
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Apollo switches on to data centre sector with £60m debut dabble
15 June 2012
Apollo Global Real Estate has made its debut in the increasingly popular data centre sector.
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Generation Techs
15 June 2012
Since the decline of the financial sector, the property industry has a new best friend: TMT. Property Week reports from the CBRE Spotlight event on a rare growth story. Photographs by Paul Burroughs
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Glanmore portfolio plummets by £200m
15 June 2012
Private investor fund brings in CBRE to manage property and find new debt
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Goldman makes $100m European comeback
15 June 2012
Whitehall property fund buys 11 Paris offices in first purchase on continent in three years
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Growing funds for Santon in Lewes
15 June 2012
The development of Santon Group’s Malling Brooks scheme in Lewes, East Sussex, has been accelerated after being awarded £1.2m from the Growing Places Fund.
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IPF advises on how to simplify protracted property deals
15 June 2012
Source: Patryk CosmiderShake it up: lawyers could avoid long-winded “ritual dance” to save procrastination later on
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IPF advises on how to simplify protracted property deals
15 June 2012
Protracted property deals are a frustrating feature of a tough economic climate, as cautious investors weigh up their options, and think long and hard about whether or not to commit themselves.
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London’s three-tier investment market evolution
15 June 2012
Prime office yields in London remain stable at around 5% in the City and 4% in the West End, but yields on secondary property are as much as 500 basis points higher, depending on the amount of capital that needs to be spent and the letting risk.
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McCabe’s latest China Growth
15 June 2012
Property entrepreneur spends just £200,000 on 28.6% stake of AIM-listed investment company
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Zara founder buys £150m Oxford Street block
14 June 2012
The founder of Zara has bought a block on the corner of Oxford Street and New Bond Street in a £150m off-market deal, PropertyWeek.com can reveal.
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Zara founder buys £150m Oxford Street block
14 June 2012
The founder of Zara has bought a block on the corner of Oxford Street and New Bond Street in a £150m off-market deal, PropertyWeek.com can reveal.
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Foreign cash dominating London office investment
14 June 2012
Foreign money continues to dominate the central London investment market, Jones Lang LaSalle said today, but is being limited in the West End by a lack of supply.
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Sale agreed for Liverpool's West Tower
14 June 2012
A sale of Liverpool’s landmark 40-storey West Tower development has been agreed, administrators Grant Thornton have revealed, TheBusinessDesk.com reported today.
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British Airways Pension Fund makes Aberdeen buy
14 June 2012
The Apia Regional Office Fund Partnership, managed by Aviva Investors, has sold St Magnus House, Aberdeen to British Airways Pension Fund for £18.3m.
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McKay Securities buys at 36.8% yield
14 June 2012
McKay Securities has bought a high yielding office investment at Pinehurst Park, Farnborough for £3.5m.
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Invista shareholder slams takeover bid
13 June 2012
A shareholder in Invista Real Estate Investment Management this afternoon slammed the recommended takeover of the company by Internos Real Investments as “completely unacceptable”.
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Invista shareholder slams Internos’s £33.6m recommended bid
13 June 2012
A shareholder in Invista Real Estate Investment Management this afternoon slammed the recommended takeover of the company by Internos Real Investments as “completely unacceptable”.
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Aberdeen wins asset management contract in Denmark
13 June 2012
Aberdeen Asset Management has been awarded a property asset management contract from Danish charity Aage V Jensen to manage its direct-owned €170m Danish property portfolio.
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Italians start drive with £167m London deal
12 June 2012
An Italian fund manager has emerged as the £167m buyer of Queensberry House in London’s Mayfair, announcing the deal is “just the start” of its move to become “an active investor in the UK commercial property market”.
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Italians plan UK drive after £167m West End debut
12 June 2012
An Italian fund manager has emerged as the £167m buyer of Queensberry House in London’s Mayfair, announcing the deal is “just the start” of its move to become “an active investor in the UK commercial property market”.
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US REIT to buy Granta Park
12 June 2012
MEPC has agreed to sell Granta Park in Cambridge to a US REIT for around £127m.
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BSkyB ponders £233m Osterley sale
12 June 2012
BSkyB is considering a sale and leaseback of its new Stanhope-developed west London studio complex and headquarters.
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US REIT to buy Granta Park
12 June 2012
MEPC has agreed to sell Granta Park in Cambridge to a US REIT for around £127m.
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Junction takes Thurrock control
11 June 2012
The Junction Fund has bought out Strathclyde Pension Fund’s interest in the Thurrock shopping park, meaning the park can now be sold as part of the whole portfolio.
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Junction Fund takes full control of Thurrock shopping park
11 June 2012
The Junction Fund has bought out Strathclyde Pension Fund’s interest in the Thurrock shopping park, meaning the park can now be sold as part of the whole portfolio.
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Savills: Sweden Investment Market - Q1 2012
8 June 2012
In line with most economies in Europe, Sweden’s economy has experienced a mild downturn in the last two quarters. However, Sweden’s solid public finances allows for a expansionary public policy in order to support the economy.
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Blackstone clinches $2.1bn of US sheds
8 June 2012
Blackstone is close to taking control of $2.1bn of US industrial property.
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Blackstone takes on Lloyds’ Oz default loans
8 June 2012
Blackstone and Morgan Stanley have bought £809m of distressed Australian property loans from Lloyds Banking Group.
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Elsworth parts company with Stirling’s Newett
8 June 2012
Stirling Investments’ former property director, Ian Elsworth, has left to join Leeds-based Scotfield Group.
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FTSE All Property Index tracking fund pulls IPO
8 June 2012
The fund, which was to have been advised by MSS Real Estate, said last Friday the IPO “will not be proceeding on the current timetable”.
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Investors throw in their hand — and blame their fund manager
8 June 2012
The unravelling of the German open-ended fund sector has been relatively dramatic. Two separate €6bn funds closed within three weeks of each other, showing investors and fund managers are clearly not happy.
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IPD’s service charge pilot
8 June 2012
IPD is piloting a new benchmarking service to provide greater transparency on service charges, which are a source of conflict between landlords and tenants.
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Life’s a gas for Kennedy Wilson in Dublin
8 June 2012
International real estate investment and services firm Kennedy Wilson has bought a residential property in Dublin out of receivership.
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Union Invest in £287m US return
7 June 2012
German fund manager Union Investment has returned to buying in the US with a £287m property deal.
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Phase one of £150m Beorma Quarter gets go-ahead
7 June 2012
Kuwaiti developer Salhia has won revised planning permission to begin the first phase of the £150m Beorma Quarter in Digbeth, in Birmingham.
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Revealed: 67 Fitness First gyms for sale
1 June 2012
Fitness First is to sell 67 of its UK gyms and has issued a company voluntary arrangement to landlords in a bid to restructure its remaining leases.
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GPE confirms Piccadilly buy
1 June 2012
Great Portland Estates this morning confirmed it has bought Railways House and 50 Jermyn Street in London’s West End, as revealed by propertyweek.com yesterday.
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Bank’s £200m green fund up for grabs
1 June 2012
Government to back investment into energy-efficient schemes
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Disused dock becomes hive of activity
1 June 2012
Thames Water has donated 2.5 acres of property to help east London charity Gasworks Dock Partnership transform a neglected London dock into a creative hub ahead of the Olympics.
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German goes flat out for €1bn Barclays assets
1 June 2012
German residential property investor Deutsche Wohnen has agreed to buy a €1.24bn portfolio from Barclays.
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Max pair: euro woe is opportunity
1 June 2012
Top investors Mike Brown and Nick Leslau are aiming to take advantage of the “dysfunctional” investment market by buying properties in central London that need “repositioning”, index-linked sale-and-leaseback properties and distressed assets.
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Paddington’s slick letting
1 June 2012
Aviva Investors, Avestus Capital Partners and Development Securities have let 26,000 sq ft at London’s Paddington Central to expanding occupier Statoil.
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Pole star: Richard Walker's Polish venture
1 June 2012
In the latest in our monthly 1st Friday series for young property people, Hardeep Sandher talks to Bywater Properties’ Richard Walker about his latest joint venture to invest €75m in Polish retail
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Shrewsbury in the speculative Vanguard
1 June 2012
Morris Property began work last month on a 23,500 sq ft phase of Vanguard Park, which the developer says is Shrewsbury’s only speculative development.
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GPE buys on Piccadilly
31 May 2012
Great Portland Estates has bought two properties off-market from Henderson Global Investors, unlocking a potential 200,000 sq ft redevelopment on London’s Piccadilly, PropertyWeek.com can reveal.
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Fitzroy Place completes over £170m of sales
31 May 2012
Aviva Investors, Exemplar and Kaupthing, the team behind Fitzroy Place at the site of the old Middlesex hospital, have sold almost half of the flats at the much-vaunted development.
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Metric does deals in Cornwall and Ireland
31 May 2012
Metric Property Investments has bought a retail park in Ireland and and is planning a major scheme in Cornwall for separate joint ventures.
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Fitzroy Place completes over £170m of sales
31 May 2012
Aviva Investors, Exemplar and Kaupthing, the team behind Fitzroy Place at the site of the old Middlesex hospital, have sold almost half of the flats at the much-vaunted development.
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IPD reports strong 2011 financial results
30 May 2012
IPD, the property performance company, increased its pretax profit by 3.4% to £2.76m in 2011.
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BNPPRE hires two investment directors
30 May 2012
BNP Paribas Real Estate has hired two directors to its UK investment team, following the appointment of its new chief executive John Slade last month.
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Standard Life Investments buys in Glasgow
30 May 2012
Standard Life Investments has bought a city-centre Glasgow office building for £4m.
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Chinese giant to buy Drapers Gardens
29 May 2012
A Chinese investment company backed by a state sovereign wealth fund has agreed a deal to buy Drapers Gardens in the City for £285m.
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Chinese giant to buy £285m Drapers Gardens
29 May 2012
A Chinese investment company backed by a state sovereign wealth fund has agreed a deal to buy Drapers Gardens in the City for £285m.
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Beecham sells trendy Hoxton Hotel for £65m
29 May 2012
The trendy Hoxton Hotel in London’s Shoreditch has been sold by its founder, Sinclair Beecham, and backer, private equity firm Bridges Ventures, to private equity fund manager Ennismore Capital for £65m.
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First stage of £25m Waterloo revamp complete
29 May 2012
The first stage of a £25m redevelopment project at London’s Waterloo railway station completed today, with a new balcony and escalators easing congestion for 300,000 daily passengers.
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Caan business completes Siemens buy
28 May 2012
The new home for Siemens’ gas turbine business in Lincoln has been sold to a Middle East buyer, TheBusinessDesk.com reported today.
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Last of One Hyde Park retail units sold
25 May 2012
The freehold interest for the final retail unit at luxury residential scheme, One Hyde Park has been sold to an international investor for over £17m, £4m short of the asking price.
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Helical Bar returns to profit
25 May 2012
Helical Bar returned to profit last year, but saw its net asset value decline by £1.7m.
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South-east goes social with first public sector REIT
25 May 2012
Ten housing associations from across south-east England are clubbing together to create the first social housing REIT.
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Laura Ashley House, Shipley acquired
23 May 2012
Real Estate Investment Partnerships and Hardy Mill Property LLP have acquired Laura Ashley Housein Shipley, West Yorkshire.
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Real Estate Development makes Abingdon Street sale
23 May 2012
Real Estate Development Partnerships, has sold 47/53 Abingdon Street, Blackpool for £705,000reflecting a net yield of 8.05% to Solid Investments.
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Shaftesbury continues to impress with solid first-half figures
23 May 2012
Shaftesbury this morning posted another good set of financial results, showing London’s West End is still a ‘different world’.
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Consortium pulls out of Pfizer negotiations
22 May 2012
London and Metropolitan has confirmed that it is no longer in discussions with Pfizer to develop the former 325 acre pharmaceutical plant in Sandwich, Kent.
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Corestate sells German portfolio for more than €100m
22 May 2012
Corestate Capital has sold a portfolio of German properties to two separate buyers for more than €100m.
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€7.6bn German fund to liquidate
22 May 2012
Credit Suisse’s €7.6bn CS Euroreal fund failed to meet investor redemptions yesterday and will be closed down over the next five years.
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€7.6bn fund to liquidate
22 May 2012
Credit Suisse’s €7.6bn CS Euroreal fund failed to meet investor redemptions yesterday and will be closed down over the next five years.
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International joint venture to invest $500m in Chinese outlet malls
21 May 2012
An international retail joint venture has been formed to invest $500m in Chinese designer outlet centres.
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HSBC sells New York branch portfolio
21 May 2012
HSBC has completed the sale of a portfolio of Upstate New York branches for $900m.
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Rockspring makes €77m Swedish acqusitions
18 May 2012
Rockspring has acquired six retail assets in Sweden from Redevco for €77m.
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Investors circle Gazeley
18 May 2012
Buyers pore over details of UK developer’s £300m of assets before deadline for bids closes at end of month
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Rent reform weathers storm as US fund invests in Dublin
18 May 2012
One Warrington Place buy shows new rules have not destroyed market. Christine Eade reports
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Rent reform weathers storm as US fund invests in Dublin
18 May 2012
One Warrington Place buy shows new rules have not destroyed market. Christine Eade reports
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Colliers bulks up investment team with new hire
16 May 2012
Colliers International has poached Richard Walsh from GVA to help bulk up its national investment team.
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GPE sells over £100m of property
15 May 2012
Great Portland Estates has sold three properties for more than £100m as it continues to recycle capital into its major London development projects.
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GPE sells more than £100m of property
15 May 2012
Great Portland Estates has sold three properties for more than £100m as it continues to recycle capital into its major London development projects.
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Facebook London HQ to be sold
14 May 2012
Facebook’s London headquarters has been put up for sale for offers exceeding £65m, or a yield of 5.25%.
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Capitol Shopping Centre gains two new anchors
14 May 2012
Moorfield Group will start reconfiguration works this month at Capitol Shopping Centre in Cardiff to create space for two new anchors, Tesco and easyGym.
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Warner to sell in the City
14 May 2012
Warner Estate Holdings has exchanged contracts to sell a City of London office as it continues to battle to pay down debt.
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Koreans complete £165m City debut
14 May 2012
A Korean pension fund has completed its £165m debut into the UK investment market with the purchase of an office in the City of London.
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Allied to sell retail blocks
11 May 2012
Allied London is to sell a slice of its luxury shopping and leisure quarter at Spinningfields in Manchester.
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Ikea in running for Manchester ITV site
11 May 2012
Landprop Holdings, part of the Inter Ikea Group, is among the parties interested in acquiring ITV’s 13.5 acre Quay Street site in Manchester.
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01 Properties pulls IPO
11 May 2012
The Russian property investment company 01 Properties, will pull its initial public offering, due to “adverse market conditions.”
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Azerbaijan’s oil fund to pump £1bn into European property
11 May 2012
Sovereign wealth fund joins global investors seeking safe haven in prime London assets
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Investors not crossing street for ITV site
11 May 2012
Lukewarm interest for historic Quay Street scheme. David Hatcher reports
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Need to know: £100m fund for Manchester
11 May 2012
In March the Greater Manchester Local Enterprise Partnership and the 10 councils that make up the Greater Manchester region invited projects for its £100m fund.
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REIT managements face punishment from investors
11 May 2012
US baseball veteran “Yogi” Berra once said of a game: “It’s deja vu all over again.” Are REIT shares about to repeat 2011’s “year in two halves”?
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Now is the time to buy South East secondary, CBRE says
10 May 2012
There has never been a better opportunity to buy South East office property, CBRE has said.
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Sainsbury’s to scale back store growth
9 May 2012
Sainsbury’s said this morning it would follow chief rival Tesco in scaling back new retail space growth as it reported a decline in full-year profit.
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House prices "fluctuating widely"
4 May 2012
House prices continued to “fluctuate widely” in April as a sign of continued uncertainty in the UK economy, the Lloyds Banking Group’s Halifax House Price Index said today.
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Aviva buys stake in massive Australian logistics park
4 May 2012
Aviva Investors has bought a 50% stake in one of Australia’s largest industrial developments,
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Greg Nicholson to retire
04 May 2012
Greg Nicholson, one of Britain’s best-known investment agents, is to retire on 1 June.
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Investors help to speed retirement plan in Cheltenham
04 May 2012
Private investors have reserved most of the 54 retirement flats that will be developed this autumn at 2 Gloucester Road in Cheltenham (pictured).
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Brooks MacDonalds Funds makes Salford ground rents buy
3 May 2012
Brooks MacDonalds Funds has bought the ground rent of a residential development in Salford Quays out of administration.
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LandSecs in Nottingham leisure buy
3 May 2012
Land Securities has acquired The Cornerhouse leisure scheme in Nottingham from BP Pension Fund for £50m.
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Capital & Regional exchanges on £130m mall
1 May 2012
Capital & Regional has exchanged contracts on its £130m purchase of The Kingfisher Centre in Redditch.
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LandSecs buys 10% stake in X-Leisure
27 April 2012
Land Securities has bought a stake of just more than 10% in the £282m X-Leisure fund.
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Blackstone’s big box bonanza
27 April 2012
US real estate firm to buy from Barclay brothers as part of £600m industrial property spree
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Leslau sells in Midtown
26 April 2012
Nick Leslau’s Prestbury has sold 6-10 St Andrew Street, EC4 for £23.5m.
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Matthew Hill joins Alvarez & Marsal in senior European role
25 April 2012
Alvarez & Marsal, the global professional services firm, has appointed Matthew Hill as head of its European real estate advisory services business.
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Prupim to sell £110m Millbank landmark
25 April 2012
Prudential has instructed Savills to market the former Imperial Chemicals House, a block on London’s Millbank.
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Standard Life exchanges on Cheltenham office
23 April 2012
Standard Life Investments has exchanged contracts to buy a multi-let Cheltenham office for its Property Income Trust.
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De Vere exchanges to sell in Bournemouth and Warrington
23 April 2012
De Vere Group has exchanged contracts to sell two hotels for £20m.
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British Land sells Virgin health clubs
23 April 2012
British Land has sold five Virgin Active health clubs it bought in a portfolio last summer for £33m.
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Segro agrees to sell IQ Farnborough for more than £90m
20 April 2012
Segro has agreed to sell IQ Farnborough for more than £90m as a part of its disposals of non-core assets.
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£1bn wealth fund launches
20 April 2012
Queensgate Investments has launched a £1bn property fund.
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Brazilian fund leads $4.6bn fundraising in March
20 April 2012
Unlisted real estate funds raised $4.6bn around the world in March, double the amount in February, reports Indirex, the new global online community for the sector.
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Forum Partners expands in Australia
20 April 2012
Forum Partners, the global real estate investment management firm, has established an office in Sydney, Australia, under the leadership of Andrew Faulk, a director of Bluestone Capital.
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Grosvenor backs IO industrial guru
20 April 2012
Chief Preston’s “diversification” leads to investment with Sims
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M&S to grow space despite sales slump
20 April 2012
Marks & Spencer intends to increase UK floorspace by 3% in 2012/13 and grow overseas space by 20%, despite a fall in like-for-like sales.
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Pramerica to target unloved global offices
20 April 2012
Pramerica is to roll out a global investment strategy in which it will spend hundreds of millions of pounds purchasing unloved offices.
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Tesco opts for fresh focus in £1bn revamp
20 April 2012
Refurbishment preferred over space growth following dip in profits
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US private equity helps put Cap & Reg into Redditch
20 April 2012
Oaktree Capital Management starts UK push by backing £130m purchase of Kingfisher Shopping Centre
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Deka buys £110m West End office block
19 April 2012
Deka Immobilien has made its second purchase of a large London office building in less than a month, with a £110m off-market deal.
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Deka buys £110m West End office block
19 April 2012
Deka Immobilien has made its second purchase of a large London office building in less than a month, with a £110m off-market deal.
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Miller Homes to buy Glasgow residential site
19 April 2012
Miller Homes has formed an agreement with Glasgow City Council’s property arm to buy a 54.14 acre site at Crookston Farm.
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High-end Russian landlord to list in London
18 April 2012
O1 Properties, which owns $2bn of offices in Moscow, is planning to list on the London Stock Exchange.
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IPD: values drop for fifth consecutive month
17 April 2012
Commercial property values continued to fall in the three main sectors in March, according to the latest IPD UK Monthly Index.
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Patron and TPG win Uni-invest Dutch portfolio battle
17 April 2012
Private equity firms Patron Capital Partners and TPG Capital have won the battle for a €550m portfolio of distressed Dutch properties.
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Moorfield completes £30m Velocity Village purchase
17 April 2012
Moorfield Group has completed the purchase of Velocity Village in Sheffield.
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Cushman & Wakefield Investors buys in Cornwall and London
16 April 2012
Cushman & Wakefield Investors has bought two properties for its West Sussex Pension Fund for a total of £19.4m.
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Man U’s London HQ sold
16 April 2012
The West End of London Property Unit Trust has sold Stratton House, where Manchester United’s London office is located, for £166m.
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Infrared’s second $700m bite of Chinese market
13 April 2012
Opportunistic fund will invest in residential and retail and target 20% returns
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Need to know: surgery developer’s Assura footing
13 April 2012
Assura began life in 2003 as Medical Property Investment Fund to invest in GP surgeries and pharmacies
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Oil and gas fires up F&C Reit in Aberdeen
13 April 2012
Asset manager to pay £95m for three headquarters in UK’s energy capital
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US pension fund reaps Festival harvest
13 April 2012
US teachers’ pension fund TIAA-CREF is understood to be leading the race to buy Grosvenor’s Festival Place shopping centre in Basingstoke , for a price of just less than £300m.
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RREEF weighs options for £100m Lacon House
12 April 2012
RREEF is weighing up its options for Lacon House on Theobolds Road in London’s Midtown, including a sale of the building for around £100m.
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Luxury Nottingham apartment scheme in administration
12 April 2012
The owner of a luxury residential scheme in Nottingham, which achieved the city’s first £1m apartment sale, has been placed in administration.
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Investec and GLL fund to buy Spanish warehouses
12 April 2012
Investec GLL Global Special Opportunities Real Estate Fund, a fund jointly managed by GLL Real Estate Partners and Investec Bank, is to buy two logistics warehouses in Spain.
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Christie & Co instructed to sell four hotels
12 April 2012
QHotels has instructed Christie + Co to sell four hotels from its portfolio following a review of its business, ThebusinessDesk.com reported today.
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JLL appointed to sell 40-storey Liverpool tower
12 April 2012
Jones Lang LaSalle has been appointed to sell the 40-storey West Tower development in Liverpool, TheBusinessDesk.com reported today.
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DTZ’s Menno Maas quits
11 April 2012
Menno Maas has quit as CEO of the Continental Europe, Middle East and Africa (CEMEA) division at DTZ.
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Terrace Hill secures funding for Sunderland supermarket
5 April 2012
Terrace Hill has completed the forward funding of a £35m supermarket development at a site in Sunderland.
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Cabot Properties buys £23m Leicestershire warehouse
5 April 2012
Orchard Street Investment Management has sold a 362,000 sq ft distribution warehouse in Logix Park in Hinckley, Leicestershire to Cabot Properties for £23.2m.
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90 Fenchurch Street for sale
05 April 2012
A City of London office building is to become the first asset to be sold from a €1bn fund set up by Anglo Irish Bank that is in liquidation.
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Deka makes £235m Guardian headline
05 April 2012
Guardian Media Group’s headquarters in London’s King’s Cross has been sold off market to a German fund manager.
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Inside the deal: Devonshire Square sale
05 April 2012
Private equity firm Blackstone is on course to complete one of the largest and most complex City of London property deals since the downturn began with the £330m purchase of Devonshire Square.
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LaSalle fund bags German mall
05 April 2012
A fund managed by LaSalle Investment Management has bought the Luisencenter shopping centre (right) in Darmstadt, Germany, for around €104m from Union Investment Real Estate.
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Saxo’s €114m Danish Resolution
05 April 2012
Resolution Property and Saxo Properties have agreed to buy around €114m of properties in Copenhagen, Denmark.
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Topland buys Bath hotel
05 April 2012
Topland Group has bought the Royal Crescent Hotel in Bath from the Von Essen portfolio for around £19m after the Livingstone brothers pulled out of the sale.
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Aerium and Allied London buy Herbal House for £26m
4 April 2012
The former Daily Mirror printing works Herbal House has been bought by Aerium and Allied London for £26.1m.
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Aldo Zilli quits London and sells restaurants to Caring's Bill's Produce
4 April 2012
Celebrity chef Aldo Zilli has quit the London restaurant scene and sold his two remaining restaurants to Bill’s Produce.
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Canadians buy famous Paris office building for €245m
4 April 2012
Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, has agreed to buy PSA Peugeot Citroën’s historic head office building in Paris for €245.5m.
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Deka buys Amsterdam office tower 'The Rock'
4 April 2012
Deka Immobilien GmbH has acquired prime office tower ‘The Rock’ in Amsterdam Zuidas for €132m from privately-held UK investment banking group Evans Randall.
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Deka confirms £235m Kings Cross buy
4 April 2012
Deka Immobilien has confirmed its purchase of Guardian Media Group’s head quarters at King’s Cross, as revealed by PropertyWeek.com yesterday.
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Savills: European Investment Bulletin - March 2012
3 April 2012
“In most countries the reported lack of financing has restrained investments.”
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Jones Lang LaSalle: Global Capital Flows 2011
3 April 2012
“In Q4 2011 there was $106.2bn direct commercial real estate investment globally, up 4% on Q3.”
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Valad and Lloyds refinance €1.1bn Duke loans
3 April 2012
Valad Europe has completed a €1.1bn refinancing of Duke, its real estate joint venture with Lloyds Banking Group.
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CBRE Global Investors poaches German transactions head
2 April 2012
CBRE Global Investors has poached a new head of transactions for its German business from UBS Global Asset Management.
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PEPR sells industrial to Hines and Tristan Capital Partners
2 April 2012
Prologis European Properties (PEPR) has sold eight logistics properties across Poland and Germany for €71.8m.
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Lloyds debt talks spell new dawn for Sunrise
30 March 2012
Bank in debt-for-equity swap talks to rescue struggling retirement home operator
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Meadowhall cued for sovereign wealth
30 March 2012
Norges and Canada Pension Plan are frontrunners for Sheffield mall
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Salford’s 435,000 sq ft Exchange Quay buildings up for sale
28 March 2012
Seven office buildings totalling nearly half a million sq ft in Salford Quays are expected to go up for sale shortly.
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Ronson slams "lynching" of RBS boss Hester
27 March 2012
Heron International chief executive Gerald Ronson today launched a passionate defence of Stephen Hester, accusing newspaper editors of “hypocrisy and envy” in their “lynching” of the Royal Bank of Scotland boss.
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UK & European buys Farringdon office
27 March 2012
UK & European Investments has exchanged contracts to buy The Smithfield Building in London’s Farringdon for around £7.5m.
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Values skyrocket in UK’s private rented sector
27 March 2012
The UK’s private rented homes have spiralled in value by 42% in five years and 1.1 million more need delivering during the next half decade, according to a Savills report published today in conjunction with Rightmove.
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Private investor buy Beetham's Trinity scheme
23 March 2012
The Beetham Organisation’s 1m sq ft Trinity scheme has been bought out of administration by private investor Bashir Nathoo.
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Knight Frank: UK Market Outlook - March 2012
23 March 2012
July 1994: Brazil won the FIFA World Cup, Tony Blair became Labour Party leader, and Wet Wet Wet were number one with “Love is all around”. However, in the property world love was thin on the ground as capital values moved into a double dip that would last for 2 years.
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Collins to lead Patron’s £1bn UK spending spree
23 March 2012
Patron Capital Partners has appointed former GE Capital Real Estate and Land Securities director Mark Collins as chairman of its UK investment division.
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Hatfield Business Park in call to investors
23 March 2012
A fund managed by Goodman and Legal & General is selling part of the 400 acre Hatfield Business Park in Hertfordshire.
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Inside the deal: how Trinity College struck Project Gold
23 March 2012
Despite having a property portfolio of £800m, Trinity College (pictured), the wealthiest of Cambridge’s 31 colleges, had not invested in supermarkets until January, when it acquired a 50% stake in a portfolio of Tesco stores.
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Q+A: LaSalle scales Tower Ramparts
23 March 2012
In December 2011, LaSalle Investment Management bought Tower Ramparts, a struggling 130,000 sq ft Ipswich shopping centre that was built 26 years ago.
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London suburbs the safest for retail investment
22 March 2012
New research by BNP Paribas Real Estate shows London suburbs to be the least risky for retail investment.
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CapCo in Covent Garden cinema swap
21 March 2012
Capital & Counties has bought three more assets for in London’s Covent Garden, in a swap deal that includes the Odeon cinema on Shaftesbury Avenue.
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Britannia buys Scarborough hotels
20 March 2012
Britannia Hotels has picked up two hotels based in Scarborough from administrators, TheBusinessDesk.com reported today.
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Hussey homes in on Holborn
16 March 2012
Mike Hussey’s Almacantar has paid around £108m for a pair of office blocks in London’s Midtown, PropertyWeek.com can reveal.
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Corporates aspire to green dream
16 March 2012
Unilever, Google, Coca-Cola and IBM are stepping up eco-friendly plans. Rachel Hunter reports
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Qatar makes Paris offices debut
16 March 2012
MidEast fund looks beyond London to buy German assets
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Widows edges into outer London
16 March 2012
Broadwalk shopping centre in Edgware under offer at £70m
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Tristan Capital Partners buys in Frankfurt
15 March 2012
Tristan Capital Partners has bought two Frankfurt office buildings for €90m.
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Union Investment buys hotel development in Paris
15 March 2012
Union Investment Real Estate has acquired a four-star business hotel development in the La Défense business district of Paris.
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Channel Islands Property Fund makes third buy
13 March 2012
The Channel Islands Property Fund (CIPF), the only fund focused on the Channel Islands commercial property market, has made its third purchase.
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Evans Property Group sells Tesco's Lichfield facility
13 March 2012
Evans Property Group has sold a 700,000 sq ft Tesco distribution unit for £46.2m, TheBusinessDesk.com reported today.
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Enterprise Inns sells portfolio to pub rival
12 March 2012
Solihull pub companby Enterprise Inns has completed the sale of a portfolio of pubs to London rival to Fuller Smith & Turner, TheBusinessDesk.com reported today.
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Grainger hires director of strategic capital markets
12 March 2012
Listed residential landlord Grainger has appointed a new director of strategic capital markets from Pradera.
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LaSalle pays £32m Stockwell tuition fees
09 March 2012
LaSalle Investment Management has bought and will fund construction of a 328-bed student hall scheme known as the Quadrant, in Stockwell, south London.
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London in prime position to power up rest of UK
09 March 2012
Prime property yields were unchanged in February, averaging 5.75% and ending a losing streak that started last August.
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Morgan Stanley backs £150m fund foray
09 March 2012
Alternative Investment Partners finances Wainbridge’s London venture
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Paris burning with slew of sales
09 March 2012
German investor Deka Immobilien has sold the “Axe France” office building in Paris (pictured) for around €166m to a pool of French investors.
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D2 Private to offload Savile Row block
8 March 2012
Irish investor D2 Private has hired agents to sell 23 Savile Row for offers of £200m or more, PropertyWeek.com can reveal.
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CBRE: German Investment Quarterly - Q4 2011
8 March 2012
The German investment market for commercial properties saw a total investment volume of €5.83bnin the last quarter of 2011 and therefore a slightly higher investment volume than in the previous quarter.
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MIPIM 2012: Major European fund manager makes UK debut at Canary Wharf
8 March 2012
European fund manager Amundi Real Estate has made its debut investment in the UK, buying a stake in 5 Canada Square in Canary Wharf.
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Simon Property Group buys Klépierre stake for €1.5bn
8 March 2012
Simon Property Group has bought a 28.7% stake in European shopping centre owner Klépierre for €1.5bn.
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MIPIM 2012: Squarestone founders launch resi development venture
8 March 2012
Squarestone co-founders Robert Sloss and Tim Barlow have raised £100m for a new residential development venture Propertyweek.com can reveal.
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Terrace Hill completes £75m resi sale
7 March 2012
Terrace Hill has completed the sale of a portfolio of 574 apartments to Swedish property group Akelius.
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MIPIM 2012: Forrester outlines DTZ European strategy
7 March 2012
DTZ’s European chief executive today outlined the firm’s European strategy following its acquisition by UGL last December.
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Edexcel's HQ sold to Middle Eastern family
2 March 2012
The London headquarters of the examinations board, Pearson’s Edexcel, has been bought by a Middle Eastern family for £55m.
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A futures market
02 March 2012
The Scottish Futures Trust leverages investment through complex, financial initiatives. David Hatcher reports
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Hammerson office sale share surge
02 March 2012
Hammerson’s intention to sell its £600m London office portfolio and invest entirely in retail property has won the approval of investors.
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MIPIM icons set for sales
02 March 2012
Qatar to buy Martinez, as Carlton to be “flipped”
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Patron in Dutch distress deal
02 March 2012
Private equity firms Patron Capital and TPG are close to buying a portfolio of 220 Dutch offices for more than €350m in an innovative distressed debt deal.
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Scot prospects
02 March 2012
Office developments and football clubs could be big draws for foreign investors. David Hatcher reports
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Wainbridge puts Hammersmith offices under offer
1 March 2012
Wainbridge, the private property investment firm, is close to buying Bechtel House in London’s Hammersmith from CBRE Global Investors.
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Yorkshire retail park up for sale at £130m
1 March 2012
British Land, Hermes and Aviva Investors are preparing to bring the Birstall Shopping Park in West Yorkshire to the market for around £130m.
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Corestate buys €53m distressed retail portfolio
1 March 2012
Switzerland based private equity investor Corestate Group has bought a distressed portfolio of German high street shops for €53m.
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Liberty Living secures £300m debt package
29 February 2012
Student accommodation provider Liberty Living has secured a comprehensive financing package of £300m from HSBC and Royal Bank of Scotland.
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Residential investment property returned 11.3% last year
29 February 2012
Residential investment property has continued to perform better than commercial property, delivering returns of 11.3% last year, driven by the strong London market.
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Capital & Counties announces 11.7% NAV hike
29 February 2012
Capital & Counties has announced strong results for 2011 with a hike in net asset value of 11.7%, to 166p per share.
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£270m Woolgate Exchange put into receivership to help sale
24 February 2012
Woolgate Exchange in the City of London was put into receivership yesterday to help the sale of the building, propertyweek.com can reveal.
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Legal & General buys £115.4m Tesco shed
24 February 2012
Legal & General has completed a forward funding deal for of a 932,000 sq ft shed in Reading, as revealed by Property Week.
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Carlyle Group buys St. James block from Crown Estate
24 February 2012
The Carlyle Group has bought 88 St. James’s Street from The Crown Estate for £36.5m.
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Decathlon gets set for first ‘sports village’
24 February 2012
Parent Oxylane to debut leisure and retail concept at site near Nottingham
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Foreign affair endures with £600m City trio
24 February 2012
South-east Asian and Qatari buyers could take foreign investment past £2bn
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Gourmet Burger Kitchen relishes rollout
24 February 2012
Gourmet Burger Kitchen has launched an expansion drive after being bought by Nando’s owner, venture capitalist Capricorn Ventures.
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NAMA beats other lenders to distressed asset vehicles
24 February 2012
Irish “bad bank” sets up funds to attract investment to some assets. Mike Phillips reports
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South African lands £100m NAMA scheme in Lewes
24 February 2012
Investor that bought Edinburgh’s Caltongate backs Santon in second UK investment
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UGL counts cost of DTZ buy
24 February 2012
Net profit for half-year down by 15% but full-year profits expected to rise; UGL could rebrand as DTZ
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Brooks Macdonald's ground rents fund makes first buy of 2012
23 February 2012
Brooks Macdonald Funds has made its first purchase of 2012 for its ground rents funds in Bradford, West Yorkshire.
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BGC buys struggling Grubb & Ellis
21 February 2012
BGC Partners, the acquisitive financial services firm which acquired Newmark Knight Frank last October, has expanded its property services platform by buying struggling US firm Grubb & Ellis.
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London tops hit list for non-EU investors
20 February 2012
London is the target for 41% of non-European money flowing into Europe’s sector, according to new research by CBRE.
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Henderson pulls £35m Commonwealth House sale
17 February 2012
Henderson Global Investors has decided not to sell a 100,000 sq ft office block in London’s West End, after opting to redevelop the property itself.
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$1bn Empire State REIT float
17 February 2012
Owner Malkin Holdings prepares IPO of portfolio that includes New York landmark
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Canadians arrive at London’s Victoria to meet LandSecs
17 February 2012
Land Securities this week signed a joint venture agreement with Canada Pension Plan Investment Board to develop its Victoria Circle scheme in central London, which could have an end value of £1bn.
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City office scheme off its Marks
17 February 2012
Axa Real Estate Investment Managers and MGPA have commenced development of their office scheme at 6 Bevis Marks in the City - one of the few speculative developments progressing in the Square Mile.
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Hermes takes Westfield trio
17 February 2012
Hermes Real Estate Investment Management has taken full ownership of three shopping centres, worth a combined £400m, after buying Westfield’s half-shares in them.
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Key opens up Anglo Irish wealth assets
17 February 2012
City of London’s Royal Exchange shopping mall among jewels to be sold
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Peel aims high with Lowry buy
17 February 2012
Developer to dip into lucrative outlet mall sector in Salford
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Town Centre Securities’ solid results down to ‘hard work’, says Ziff
17 February 2012
Town Centre Securities this week reported stable half-year figures and a refinancing of £90m of debt.
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Vulture funds crave slice of Pizza Hut after after prepack rumours
17 February 2012
Restructuring specialists are believed to be eyeing Pizza Hut UK after it was put up for sale in October.
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Schroders buys at London Silicon Roundabout
16 February 2012
The Schroder Exempt Property Unit Trust (SEPUT) has completed the purchase of a building in London’s Silicon Roundabout area as a sign of faith in the continuing growth in the area.
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Hermes buys out Westfield’s stake in £400m shopping centres
14 February 2012
Hermes Real Estate Investment Management has taken full ownership of three shopping centres with a combined value of £400m after buying the 50% stakes in them from Westfield.
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Shareholders back Stobart portfolio deal
14 February 2012
Shareholders of Warrington-based logistics giant Stobart have agreed a deal to buy a portfolio of properties from its chief executive Andrew Tinkler and chief operating officer William Stobart, TheBusinessDesk.com reported today.
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Threadneedle makes £11m from Covent Garden sale
13 February 2012
Fund manager Threadneedle has sold an office property in Covent Garden for £37m, nine months after buying it for £26m.
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Helical ploughs on despite "severe" lending conditions
13 February 2012
Listed developer Helical Bar will continue to focus on buying investment property against a backdrop of “severely constrained” lending, its chief executive Mike Slade said today.
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London tops list of global real estate investment locations, JLL says
10 February 2012
Half of the world’s property investment is concentrated on 30 cities, research from Jones Lang LaSalle has shown – but will diversify significantly by 2020.
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Abu Dhabi’s new investment head
10 February 2012
One of the world’s largest sovereign wealth funds has appointed a new head of European property.
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Aviva's £500m switch
10 February 2012
Sales proceeds will help pay for a host of new schemes. Nick Johnstone reports
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British Land adds its quarter of Meadowhall to sale
10 February 2012
British Land will put a 25% stake in the Meadowhall shopping centre in Sheffield up for sale alongside a 50% share currently being offered by London & Stamford Property and its Middle Eastern backers.
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DevSecs and Pears take shine to Chrome
10 February 2012
Pair buy £100m Gerry Gannon portfolio from NAMA
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Foyles joins £300m West End sales book
10 February 2012
Hines beaten to Charing Cross Road store; Holborn and Mayfair properties close to sale
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Gazeley for sale at £400m
10 February 2012
Dubai owner invites pitches for sale mandate
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HSBC funds £200m scheme by Bullring
10 February 2012
Salhia Real Estate secures rare development finance outside London
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Sleath sells £150m of Segro’s small regional sheds
10 February 2012
Portfolio eyed by institutions and private equity as Sleath accelerates £1.6bn disposal programme
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St Modwen has finger on pulse of 'life outside London'
10 February 2012
St Modwen delivered strong annual results this week, as it continued to generate value from residential, secondary and regional property.
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Malaysians line up £290m Woolgate buy
9 February 2012
Malaysian wealth fund PNB Holdings is in exclusive talks to buy the Woolgate Exchange in the City of London for almost £300m.
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Prologis completes Project Teal sale to Blackstone
9 February 2012
Prologis has sold a 3.5m sq ft shed portfolio to Blackstone for around £211.4m.
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One Hyde Park: £60m apartment sold and luxury retail on the market
6 February 2012
One Hyde Park’s last five bedroom apartment has been sold, bringing the total volume of sales in the London luxury residential scheme to more than £1.5bn.
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Cordea Savills buys Worcestershire warehouse
6 February 2012
Cordea Savills, acting on behalf of The Charities Property Fund, has bought a large warehouse unit in Worcestershire in a deal worth more than £15m, TheBusinessDesk.com reported today.
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Canadians negotiate over LandSec's £150m Victoria stake
6 February 2012
Land Securities is in talks with Canada Pension Plan Investment Board (CPPIB) to fund its £1bn Victoria Circle development.
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Helical acquires Broadway House
3 February 2012
Helical Bar has acquired Broadway House, Hammersmith, for £14.1m.
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BGC eyes up US property services firm
03 February 2012
BGC Partners is in talks to buy or invest in struggling US property services firm Grubb & Ellis.
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Consolidation key as market contracts
03 February 2012
Latest league tables show volumes down on previous year and Jones Lang LaSalle the big winner after its takeover of King Sturge
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First Alliance wins £75m workout mandate with Royal Bank of Scotland
03 February 2012
First Alliance Properties, the property investor, developer and asset manager, has won around £75m of “workout” contracts from the Royal Bank of Scotland and proposes to build a team to work with banks on asset management initiatives.
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Jurys out on hotel chain cash injection
03 February 2012
Jurys Inn owners aim to restructure debt, but sale is still possible
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Saudi pins hope on Pinnacle sale
2 February 2012
Developer to sell stake in attempt to resume construction.
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LandSecs in talks to sell Liverpool shopping centre
2 February 2012
Land Securities is in talks to sell off the St John’s Shopping Centre in Liverpool city centre, TheBusinessDesk.com reported today.
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Distressed sales could "overwhelm" secondary market, IPD warns
2 February 2012
Increased distressed asset sales are threatening to overwhelm the already-struggling secondary property market, the IPD warned today.
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Cowell's Estate Office Group ventures into Japan
2 February 2012
Nicholas Cowell’s Estate Office Group has secured a foothold in the Japanese market through a partnership with a Tokyo based asset management company.
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Livingstone brothers complete Cliveden buy
2 February 2012
Richard and Ian Livingstone have completed their purchase of the Cliveden House Hotel, the hotel made famous in the Profumo affair.
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Peel puts Castlefield block up for sale
1 February 2012
Peel Holdings has put a Grade II-listed mixed use building in Castlefield in Manchester city centre.
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Bruntwood sells £42m block
30 January 2012
Family-owned north-west developer and investor Bruntwood has sold 1 New York Street in Manchester at a yield of 6.5%.
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Davos 2012 Blog: Pessimism peppered with hope
27 January 2012
This year in Davos, the mood is a mixture of pessimism peppered with some hopeful signs. With respect to the financial services industry, the need to increase capital ratios along with uncertain costs attributed to new regulations has cast a cloud over the industry.
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Davos 2012 Blog: The rise of impact investing
27 January 2012
After a typically busy Davos breakfast, the morning adrenaline rush really kicked in with a quick sub-zero dash between venues in time for my 8am in a very lively work shop debate called Harnessing the hype: Sustainable and impact investing.
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Consortium named as preferred bidder for Pfizer site
27 January 2012
Pfizer has confirmed that it is in early stage discussions with a consortium led by London and Metropolitan for the sale of Discovery Park, the former home of the pharmaceutical giant in Sandwich, Kent.
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FirstService circles penny share Colliers
27 January 2012
Investors warned that in event of takeover, shares likely to be worthless
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Great Portland man with great expectations
27 January 2012
Robert Noel was tipped as Francis Salway’s successor even before the day he walked into Land Securities’ Strand headquarters in January 2010, to run the London division.
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Harbingers of Gloom: ULI/PWC Emerging Trends report
27 January 2012
The Urban Land Institute and PWC’s Emerging Trends report, published today, foretells of a depressing year ahead. Co-author Lucy Scott reports
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Mayfair fund spends £40m
27 January 2012
A charity fund managed by Mayfair Capital Investment Management has completed £40m of transactions.
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Qataris capture Credit Suisse’s Canary crib
27 January 2012
Qatar Investment Authority to pay £325m for bank’s HQ in sale and leaseback
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Related raises record funds
27 January 2012
US development and investment firm Related Companies has completed the final closing of its US distressed assets fund with equity commitments of $825m.
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Salway picks his moment to leave LandSecs on top
27 January 2012
REIT on Tuesday announced that its chief executive would stand down at the end of March, to be replaced by Robert Noel. James Whitmore assesses his eight years at the helm and looks forward to the Noel years
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Shattock returns with investment manager Trinova
27 January 2012
Former Quintain deputy chief executive Nick Shattock is making a comeback at an investment management firm backed by a Spanish investment bank.
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The Property Archive: UK Property Investment Bulletin - Q4 2011
26 January 2012
2011 was the year of following the money. Both UK institutions and overseas investors were the largest buyers and sellers throughout the year.
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Davos 2012 Blog: rethinking capitalism and long-term investment?
26 January 2012
After starting the day early having breakfast with a very kind journalist from Swiss television, I was prepared for attending a much more heavy debate on the future of capitalism.
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Crown and Norges complete Jaeger House buy
26 January 2012
The Regent Street Partnership, the joint venture between The Crown Estate and Norges Bank, has completed its purchase of Jaeger’s flagship store on London’s Regent Street.
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Hong Kong firm in £300m Goldman HQ talks
26 January 2012
A Hong Kong-based fund manager is in talks to buy part of Goldman Sachs’ City HQ for £300m.
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London & Stamford increases fire-power to £800m
26 January 2012
London & Stamford has increased the amount of funds at its disposal to £800m.
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GVA appointed to sell Beetham Birmingham hotel
26 January 2012
GVA has been appointed to sell the long leasehold on a major Birmingham hotel previously owned by Stephen Beetham.
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CBRE Global Investors buys across the UK
24 January 2012
CBRE Global investors has bought four properties across the UK for £36.3m.
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Man Utd £170m London office on the block
24 January 2012
The home of Langan’s Brasserie and a Manchester United FC office is likely to be put up for sale for around £170m.
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New north west investment boss at CBRE
24 January 2012
CBRE has hired a new head of capital markets for its north west division.
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LaSalle buys Virgin health club for £11m
23 January 2012
LaSalle Investment Management has bought a Virgin Active health club in London for £11m.
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All-in-one website Indirex launched
20 January 2012
Indirex, an online community for global unlisted real estate, was launched this week.
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Blackstone's new direction
20 January 2012
Chad Pike to lead “tactical opportunities fund” after internal reshuffle
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Caisson cuts self-storage fund equity target due to ‘cautious investors’
20 January 2012
Caisson Investment Management has slashed the equity-raising target for its self-storage fund from £100m to £10m-£20m in light of difficult market conditions.
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Care home operator Four Seasons defers debt repayment
20 January 2012
Care home company Four Seasons Health Care has chosen not to prepay at least £100m of its securitised debt, resulting in an increase in the interest it has to pay noteholders.
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Gale resigns as JER CEO after firm slims down
20 January 2012
Barden Gale has quit as CEO of private equity real estate firm JER Partners.
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Meadowhall sale sparks overseas cash courtship
20 January 2012
Mould and Vaughan to sell 50% stake in Sheffield mall, while Whittaker reveals CSC could follow suit
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Moorfield studies in Exeter
20 January 2012
Moorfield has bought the former Printworks site on Western Way in Exeter, to develop as a 487-bed student accommodation scheme.
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Morgan Stanley’s St Petersburg shop
20 January 2012
A Morgan Stanley fund has agreed to buy the largest shopping centre in central St Petersburg, Russia, for $1.1bn from Meridian Capital CIS Fund.
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Morton leaves BlackRock UK fund
20 January 2012
Jeff Morton, head of investment for the BlackRock UK Property fund, is leaving the firm to pursue other opportunities.
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Overseas buyers in industrial action at 2011 year-end
20 January 2012
A slew of portfolio sales at the close of 2011 prompted a 15% rise in UK year-on-year investment activity in industrial and logistics property.
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Stobart's £101m bond with Moneypenny
20 January 2012
Transport group is buying portfolio of 18 properties from founder’s son
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Swiss buyer for German portfolio
20 January 2012
Corestate Group, the Switzerland-based private equity investor, has bought a €230m German residential and office portfolio.
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Rockspring sells Annick Industrial Estate
19 January 2012
Rockspring Property Investment Managers has sold Annick Industrial Estate in Glasgow for £3.4m.
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Tishman makes £170m Victoria buy
19 January 2012
US property company Tishman Speyer has bought a government-let building from Land Securities for £170m.
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Segro lines up £300m sale
18 January 2012
Segro is close to selling £300m of industrial and regional office space, as its £1.6bn disposal of non-core assets kicked into gear, Property Week can reveal.
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Stobart enters agreement to buy portfolio from chief executive
17 January 2012
Stobart Group has entered into a conditional agreement to buy a portfolio of properties from its chief executive.
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Corestate Group buys €230m German portfolio
17 January 2012
Corestate Group, the Switzerland-based private equity investor, has bought a €230m German portfolio residential and office portfolio.
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Picton buys missing piece in Angel office village
17 January 2012
Picton Property Income has bought the final piece of the Angel Gate Office Village in London.
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UK property returns 8.1% in 2011
16 January 2012
UK property generated a return of 8.1% last year, according to the IPD UK Monthly Index.
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M&G buys Marylebone hotel
16 January 2012
M&G Investments has bought a 92-bedroom hotel in London’s Marylebone for £15.35m.
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Swedes buy £230m Paddington asset
16 January 2012
A pair of Swedish Pension funds has bought a building in London’s Paddington for a total of £230m, paving the way for the development of two new buildings in the area.
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Camden Lock Market bought by Brockton-backed jv
16 January 2012
The iconic Camden Lock Market in North London has been purchased by Urban Market Company in a joint venture between the founders of Camden Lock and the retail development firm, Milligan.
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Bruntwood close to first Manchester sale
13 January 2012
Bruntwood is expected to complete a deal next week to sell its 1 New York Street office scheme in Manchester to Invesco.
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LaSalle buys Market Walk Shopping Centre
13 January 2012
LaSalle Investment Management has bought Market Walk Shopping Centre in Devon for £12.75m.
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Bahraini backs student digs
13 January 2012
Tadhamon Capital makes UK student housing debut with 50% stake in Suffolk scheme
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Developers fear complex plan will kill West End schemes
13 January 2012
Council gives preference to residential developers. Nick Johnstone reports
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Hammerson’s Principal aim to sell stake in City scheme
13 January 2012
REIT to offload £155m half-share in Square Mile flagship asset to reduce exposure to large-scale development
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INTELLIGENCE Cushman & Wakefield prime yields
13 January 2012
Demand is there but what about the debt?
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Investors and managers must work on communication skills
13 January 2012
Fund managers prioritise quantity over quality, PWC report reveals
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Malaysian fund ponders purchase of KanAm’s £1bn City of London portfolio
13 January 2012
Malaysian investment fund PNB is in talks to buy some or all of a £1bn City of London and Docklands office portfolio.
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Medicine men: Inside the Wellcome Trust's investment strategy
13 January 2012
How does the investment division of a medical charity consistently outperform the rest of the market? Mike Phillips spoke to the Wellcome Trust’s Danny Truell and Peter Pereira Gray to find out
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Oakeshott’s OLIM profits from market distress
13 January 2012
Investor picks up £80m of smaller-sized bargains from receivers. Mike Phillips reports
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Petrol group gains Patron
13 January 2012
Patron Capital has bought Motor Fuels Group in the UK.
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Pramerica helps Principal Hayley check out and check back in
13 January 2012
Pramerica Real Estate Investors is close to completing a sizeable hotel ground rent purchase, as the bank-led deleveraging of the hotel sector picks up pace.
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Retail investments’ Europe surprise
13 January 2012
Retail investment volumes in Europe increased by a third in 2011, despite reports of a dent in consumer confidence across the continent.
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Stena Realty sails into former shipping offices
13 January 2012
Stena Realty, the property investment arm of Swedish shipping line Stena, has made its second UK property purchase.
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US private equity’s $3.5bn war chest
13 January 2012
Two US private equity houses have amassed $3.5bn to spend on property.
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Gerald Eve InvBrief: Property Investment Market
12 January 2012
The release of the second estimate of Q3 GDP figures by the Office for National Statistics revealed that there were no significant changesto the headline GDP figure of 0.5%, up from (a downwardly revised) 0.1% in Q2.
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Grosvenor buys in France
12 January 2012
Grosvenor has bought a retail complex in north-east France for €30m.
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Administrators prepare to market Beetham Liverpool Tower
12 January 2012
Administrators to the company which owned Liverpool’s West Tower have said they are finally ready to begin marketing the building after hammering out a deal with the City Council over land infringements, TheBusinessDesk.com reported today.
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Malaysian wealth fund in talks on £1bn KanAm portfolio
11 January 2012
Malaysian investment fund PNB is in talks to buy some or all of a £1bn City office portfolio being sold by German fund manager KanAm.
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Co-Op buys 30-store Scottish supermarket chain
11 January 2012
The Co-operative Group has bought a chain of nearly 30 Scottish supermarkets and reported “encouragingly good” festive sales figures, TheBusinessDesk.com reported today.
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Blackstone JV in $1.4bn shopping centre deal
11 January 2012
A joint venture between private equity firm Blackstone and DDR Corporation has agreed to buy a $1.4bn portfolio of 47 US shopping centres.
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LaSalle buys Newcastle student accommodation
9 January 2012
LaSalle Investment Management has bought two student accommodation blocks in Newcastle for £23.1m.
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Deka buys Manchester office
6 January 2012
Orchard Street Investment Management has sold the Belvedere building at Booth St in Manchester on behalf of client Railway Pension Fund Nominees to German fund manager Deka Immobilien, TheBusinessDesk.com reported today.
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Hines snaps up 1 Bartholomew Lane
6 January 2012
Hines has bought a prime City of London office building on behalf of an Asian investor making its overseas property debut.
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Allied Irish Bank Investment Management completes City sale
06 January 2012
Allied Irish Bank Investment Management has completed an off-market sale of 1-3 Royal Exchange Buildings in the City of London on behalf of an Irish investor.
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Financier sweet on Sugar’s St James’s office
06 January 2012
Lord Sugar has sold a £5.9m block in London’s St James’s that he used as his office.
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Hansteen buys Spencer’s sheds
06 January 2012
Hansteen has swooped on a £150m UK portfolio of largely industrial properties with a high vacancy rate.
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Henderson's last-minute spending spree
06 January 2012
Henderson Global Investors sealed close to £60m in retail deals during the final months of 2011, including the £31.9m purchase of Almondvale Retail Park, in Livingston (pictured).
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Investment volumes fell to £31bn in 2011
06 January 2012
UK commercial property transaction volumes sank by at least 14% in 2011, as the eurozone crisis deepened and European banks began to exit property lending.
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Moorfield buys £50m Finsbury Circus building
06 January 2012
Moorfield Group, on behalf of the Moorfield Real Estate Fund II, has completed its purchase of the long-leasehold interest in Salisbury House on Finsbury Circus in the City of London.
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New year brings comprehensive no-confidence vote in UK property
06 January 2012
The latest confidence survey by one of the UK’s two largest property lenders makes grim reading for people hoping for a cheery start to 2012.
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SWIP buys Brighton retail park
5 January 2012
Scottish Widows Investment Partnership has bought Brighton Retail Park from Legal & General Property.
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Peel writes down MediaCity value by £23.9m
4 January 2012
Peel Media, the company responsible for Peel Group’s investment in MediaCity:UK, has written down the carrying value of its investment properties by £23.9m, according to newly-filed accounts, TheBusinessDesk.com reported today.
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JLL's 2012 predictions revealed
4 January 2012
Jones Lang LaSalle’s annual property predictions paint a cautious picture of the year ahead with a few chinks of light expected to shine through. Here, PropertyWeek.com presents the notable findings in retail, capital markets, offices, development and industrial.
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Another Colliers director quits central London team
22 December 2011
One of Colliers International’s City investment agents has quit the central London team, following the departure of his boss Mike MacKeith last month.
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Crosstree and Aviva complete Mayfair deal within two weeks
21 December 2011
Ernesto Bertarelli’s property company has concluded its purchase of Aviva Investors’ 1-3 Berkeley Street, less than two weeks after putting it under offer.
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SWIP to sell Reading asset
20 December 2011
Scottish Widows Investment Partnership is to sell a 110,000 sq ft office building and a development site for a further 400,000 sq ft of offices in Reading.
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Shortlist for first Olympic homes announced
19 December 2011
The shortlisted parties are:East Thames with Countryside PropertiesBarratt Homes and Le Frak OrganisationSt James Group Limited (Berkeley)Swan Housing Association alongside Urban Splash, Yoo & MaceNotting Hill Housing and United Housing and HTATaylor Wimpey and London & Quadrant
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Orchard Street completes Cambridge acquistion
16 December 2011
Orchard Street Investment Management has completed the acquisition of St Andrews House and Radio House in Cambridge from AXA Real Estate for £15.15m.
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Threadneedle spends big in Bucks
16 December 2011
Threadneedle Property has placed under offer a 100,000 sq ft office scheme in Marlow, Buckinghamshire, from Invista Real Estate Investment Management for £30m.
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The Beatles' Mayfair headquarters sold
15 December 2011
The former headquarters of The Beatles, where the band played its last live performance, has been sold to a private investor for £31.85m.
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Two ex-King Sturge partners to depart JLL
15 December 2011
Former King Sturge equity partner Nick Deane and a former salaried partner, both from the London capital markets division, are to leave Jones Lang LaSalle following the firm’s take over in June, PropertyWeek.com can reveal.
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F&C UK Property Fund hits target with three regional purchases
15 December 2011
F&C REIT Asset Management has bought three properties for its F&C UK Property Fund, bringing the fund to its £50m investment target.
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Co-Op picked as preferred bidder for 632 Lloyds branches
15 December 2011
The Co-Operative Group has been successful in its bid to buy 632 branches being sold by Lloyds Banking Group after being named as its preferred bidder.
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Kuwaiti property company completes £176m City deal
15 December 2011
Kuwaiti property company St Martins Property Investments has completed its deal to buy 60 Threadneedle Street for £176m, as revealed by Property Week.
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Drivers Jonas Deloitte poaches top Strutts City agents
14 December 2011
Drivers Jonas Deloitte has poached two City investment partners from Strutt & Parker.
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GI Partners teams up with Rowan to close £83m Aldwych deal
12 December 2011
Investment company GI Partners has joined up with Rowan Asset Management to buy Aldwych House on Aldwych in London’s Midtown.
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Belgian investor Vabeld buys in Liverpool
12 December 2011
Belgian property investment company Vabeld Real Estate has bought a retail property in Liverpool from Axa Real Estate for £7.15m.
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Yorkshire Forward defends Leeds headquarters sale
12 December 2011
Yorkshire Forward has defended a deal to sell its Leeds headquarters for £10m less than it paid for it, TheBusinessDesk.com reported today.
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Silverstein ventures in to Poland
9 December 2011
Larry Silverstein, the US property entrepeneur, has made his first foray in to Poland.
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Blackstone and Catalyst buy in Blackpool
9 December 2011
Blackstone and Catalyst Capital have bought the Houndshill Shopping Centre in Blackpool for £85m.
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£62.5m West End Foyles portfolio on the block
9 December 2011
The Foyle family have put a Soho portfolio of 10 properties up for sale for £62.5m.
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Alpha finds its Romeo in Westbrook Partners
9 December 2011
US private equity firm Westbrook Partners is to buy 14 secondary properties from Standard Life Investments for around £63.5m.
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Brockton Capital and Pradera to play first-generation game
9 December 2011
Property fund and asset manager to invest £250m in early out-of-town retail parks
-
Heitman moves into care market
9 December 2011
Chicago-based firm partners with Signature for first UK venture
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Von Essen portfolio bought out of administration
8 December 2011
Private equity firm Patron Capital has teamed up with Halcyon Hotels and Resorts to buy a portfolio of seven properties from the administrators of Von Essen hotels.
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Crosstree closes in on Mayfair trophy
8 December 2011
A property company backed by pharmaceuticals mogul Ernesto Bertarelli is close to buying a hotel and office block in London’s Mayfair for between £150m and £160m, PropertyWeek.com can reveal.
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Blackstone's £500m sheds shopping spree
8 December 2011
Blackstone continued its advance on the UK industrial market this week after agreeing to buy the £300m Triangle shed portfolio from London & Stamford Property.
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GE Capital launches Gateway vehicle to invest €1bn in European offices
7 December 2011
GE Capital Real Estate is to embark on a €1bn European office property investment spree.
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All-star cast teams up for £300m venture
2 December 2011
Norris, Linnell, Fleishman and Johnstone found Merrick Real Estate
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Kuwaiti investor’s regional hat-trick
2 December 2011
WW Advisors, the Kuwaiti-backed property investor, has completed a hat-trick of high-yielding deals totalling £60m, and is now likely to begin a new equity-raising drive.
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Deka closes in on £125m Leeds shopping centre buy
1 December 2011
German fund manager Deka is in advanced talks to buy the Victoria Quarter shopping centre in Leeds for around £125m.
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Orchard Street buys Mayfair office
30 November 2011
Orchard Street Investment Management has exchanged contracts to buy 61-65 Conduit Street in London’s Mayfair for £36m.
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Orchard Street buys £24.5m Edinburgh retail park
29 November 2011
Orchard Street Investment Management has bought an Edinburgh retail park for £24.5m.
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Former London Scottish Bank HQ up for sale
28 November 2011
The former headquarters of London Scottish Bank in Manchester have been put up for sale, TheBusinessDesk.com reported today.
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Bridges Ventures buys in Gloucester
28 November 2011
Bridges Ventures, the “social” venture capitalist, has bought a Gloucester office development for its Bridges Sustainable Property Fund.
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LaSalle buys Stockley office for £21.8m
28 November 2011
LaSalle Investment Management has bought 77,827 sq ft office building at Stockley Park for £21.8m.
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Investec buys Manchester distribution facility
28 November 2011
Investec Property has bought a distribution facility to the north-west of Manchester for £10.8m.
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Russian buys £75m St James’s block
28 November 2011
The former Jamaican high commission at 50 St James’s in London’s West End has been sold for around £75m to a Russian investor.
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CBRE Global Investors sells £31m Atlas portfolio
28 November 2011
CBRE Global Investors has sold the ten-property Atlas portfolio for £31.37m.
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Bruntwood puts Centre City under offer
25 November 2011
Bruntwood has placed Centre City in Birmingham under offer for around £22m.
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Columbus Capital Management completes its last equity closing
25 November 2011
Columbus Capital Management has completed its last equity closing on its UK real estate fund after raising around £160m.
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St Martins Lane hotel and Sanderson hotel purchased for £192m
25 November 2011
St Martins Lane hotel and Sanderson Hotel have been purchased for £192m by Capital Hill Hotels Limited, a Middle Eastern hotels investor.
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Hammerson pledges Croydon makeover with Whitgift
25 November 2011
REIT plans £50m investment in leisure at Centrale and to work “directly or indirectly” with Whitgift owners
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Zell poised for control of Lehman venture Archstone
25 November 2011
Investor renowned for his timing eyes firm that helped cause downfall of Lehman Brothers
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McAleer & Rushe completes £200m W Hotel sale
24 November 2011
McAleer & Rushe has completed the sale of its W Hotel in London’s Leicester Square tp Qatari investor Al Faisal Holding.
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Safestyle's Bradford HQ sold to private company
22 November 2011
BTG Restructuring has sold two properties let to Safestyle UK for £3.25m, TheBusinessDesk.com reported today.
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Oxford Properties completes £400m Green Park purchase
18 November 2011
Oxford Properties has today completed the acquisition of Green Park, the 190-acre business park in Reading, from Prupim for around £400m.
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Eurozone crisis KOs property lending
18 November 2011
Market braces itself for €1.5bn black hole as Société Générale follows Eurohypo in pulling funding
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Kirsh set for £290m Tower 42 buy
17 November 2011
The family office of South African investor Natie Kirsh is in advanced talks to buy the iconic Tower 42 in the City for around £290m, PropertyWeek.com can reveal.
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Oxford retail block sold to DTZ IM
16 November 2011
AIB Investment Managers has sold the Northgate Quarter in Oxford to DTZ Investment Management for £31.6m.
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LaSalle sells Surrey business park
14 November 2011
Investment managers Investream and Angelo, Gordon & Co have bought the Frimley Business Park in Surrey for £15m.
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UK commercial property sees negligible capital growth
14 November 2011
Central London’s role driving UK commercial property returns came to an end in October, the IPD has reported, as the Eurozone crisis and questions over its resolution continued to knock investor confidence.
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The Property Archive: UK Property Investment Bulletin - Q3 2011
14 November 2011
The various markets today are now being overshadowed by macro events and not by the fundamentals of the asset class. By using asset class analysis solely based on fundamentals today assumes that the world’s problems will be solved. This is a difficult ask.
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JP Morgan Cazenove: Sentiment Survey - October 2011
14 November 2011
Our survey of 159 property players shows that investors have lowered their total return expectations for the coming 12m, expecting returns of 3-4% for listed real estate stocks (vs. 7-8% in March), which is more bearish than our forecasts.
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DTZ: European investment market update - Q3 2011
14 November 2011
European total real estate investment activity reached €25.7bn in Q3 2011, a 3% decrease on Q2 2011. The eighth consecutive increase in the four quarter moving average underscores underlying momentum in the market.
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Henderson German fund makes UK debut with Covent Garden buy
14 November 2011
Henderson Global Investors has bought a Covent Garden shop for £16.46m in the UK debut for one of its German funds.
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NewRiver Retail buys in Essex and West Sussex
14 November 2011
NewRiver Retail has bought The Newlands Shopping Centre in Witham, Essex, for £5m.
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London & Stamford to sell 4m sq ft sheds for £300m
11 November 2011
London & Stamford has put up for sale 18 industrial properties known as the “Golden Triangle” portfolio.
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Rockspring makes Sweden debut
10 November 2011
Rockspring Property Investment Managers has bought its first property in Sweden, the Myren 6 & 8 logistics property in Sweden for €35m.
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Deka Immobilien returns to Birmingham market with £22.5m purchase
9 November 2011
Deka Immobilien has returned to the Birmingham market after five year with the purchase of a city centre office for £22.5m, TheBusinessDesk.com reported today.
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French investment market booms in Q3 with return of portfolio sales
7 November 2011
The French investment market enjoyed a booming third quarter of the year, bolstered by three portfolio sales and a number deals over €100m.
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Rockspring buys Leatherhead business park
4 November 2011
Rockspring Property Investment Managers has bought the Mole Business Park in Leatherhead for £38.1m.
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LaSalle picks a Birkenhead pair
4 November 2011
Investor in talks to buy Grange and Pyramids at discount price of just below £70m
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Universities put a price on expansion
4 November 2011
Sarah Stewart looks at what the region’s universities are doing with their property to convince students that their facilities are worth the extra money
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Economic uncertainty knocks UK commercial property capital growth down to 0.1%
3 November 2011
Declining occupier demand, caused by the UK’s stuttering economic performance, saw capital growth in the commercial property sector slow to just 0.3% in the third quarter of the year, the IPD reported today.
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Coventry's Skydome set for £25m investment
3 November 2011
Up to £25m is set to be invested in the refurbishment of Coventry city centre’s flagship leisure development, TheBusinessDesk.com reported today.
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Aviva buys Yorkshire retail park
3 November 2011
Parkside Retail Park in Yorkshire has been sold to Aviva in a deal valuing the site at £6.4m, TheBusinessDesk.com reported today.
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Frogmore seals Centre Point deal
2 November 2011
Frogmore has completed its purchase of a 25% share in Centre Point, the tower block owned by Almacantar in London’s West End that has been earmarked for residential conversion.
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St Martins closes in on £175m Hammerson office deal
1 November 2011
Kuwaiti property company St Martins Corporation has agreed a deal to buy 60 Threadneedle Street in the City from Hammerson for more than £175m.
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DTZ Investment Market Update: UK Shopping Centres Q3 2011
28 October 2011
There have been 16 transactions in Q3 2011 totalling £447m, a significant increase on the £339m transacted in Q2. Despite this, it has been a quiet summer period, with little new stock appearing until September.
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Aberdeen's oil boom fuels 300,000 sq ft of office prelets
28 October 2011
Three prelets are about to be agreed at a business park on the outskirts of Aberdeen, as North Sea oil continues to buoy the local economy.
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Mitsui Fudosan and Stanhope to spec in City
28 October 2011
Mitsui Fudosan is understood to have agreed to buy 8-10 Moorgate in the City of London to speculatively develop a 120,000 sq ft office property with its partner, Stanhope.
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Brockton Capital buys majority stake in Virtus Data Centres
26 October 2011
Brockton Capital has bought a majority stake in mid-market data centre specialist Virtus Data Centres on behalf of its Brockton Capital Fund II.
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The Charities Property Fund spends £60m in Q3
25 October 2011
The Charities Property Fund, managed by Cordea Savills, has bought five properties over the third quarter of the year, bringing its net asset value to £456m.
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Staffordshire pottery museum for sale after liquidation
25 October 2011
A Staffordshire pottery museum which explored Stoke-on-Trent’s most famous industry is to be sold after being placed into creditors’ voluntary liquidation, TheBusinessDesk.com reported today.
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Legal & General in £46.6m Tesco sale-and-leaseback
21 October 2011
Legal & General Property has bought three Tesco supermarkets in a £46.6m sale-and-leaseback deal.
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International rescue
21 October 2011
How do you begin to weigh up the risks and rewards of investing outside your home territory in a world where the US almost defaulted on its debt covenants and the eurozone is constantly on the verge of breaking up?
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RBS’s China white knight
21 October 2011
Sovereign wealth fund CIC buys stake in £1.4bn distressed loan portfolio
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Salmon Harvester's new catch
21 October 2011
Salmon Harvester Properties, the joint venture between NFU Mutual and Salmon Developments, has appointed Greenbrook Group’s managing director, Pat Mahoney, as a senior development executive.
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USS buys west London office park at 9.2%
20 October 2011
Universities Superannuation Scheme has bought the Hayes Park office campus in Uxbridge for £56.25m.
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Punch plans further pub sales as it reports profit fall
20 October 2011
Staffordshire-based pub operator Punch Taverns has seen a fall in full year pre-tax profit as cash-strapped customers continue to stay at home rather than eat or drink out, TheBusinessDesk.com reported today.
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Land Securities buys Preston's St John's Centre
18 October 2011
Land Securities has bought the St John’s Centre in Preston in a £5m-plus deal, TheBusinessDesk.com reported today.
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Receiver appoint to Pearl property
14 October 2011
A receiver has been appointed to a £42m property in David Pearl’s portfolio in order to push through sale of the asset.
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‘Analysts’ emotions are depressing mood’
14 October 2011
British Land’s Chris Grigg warns of effects of investment bank losses
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Overseas investment dulls Spain's pain
14 October 2011
Unibail-Rodamco buys €189m Barcelona mall as public property comes on market
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Property investor returns expectations plummet, says JP Morgan Cazenove
13 October 2011
Property investors have halved their expectations for property returns, according to research from JP Morgan Cazenove.
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Rockspring buys £34m London student accommodation block
13 October 2011
Rockspring Property Investment Managers has bought a 232-room student accommodation block in London’s Elephant & Castle for £34m.
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Bank of Ireland plans £135m Leeds mall sale
7 October 2011
Bank of Ireland Private Banking is looking to sell its Victoria Quarter shopping centre in Leeds for £135m.
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Fix’s counters sell-off
7 October 2011
£140m portfolio of 49 trade counters to be brought to the market
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EXPO REAL 2011: Prices should fall on short-term let City stock
6 October 2011
Despite the strenght of London as an investment location, there is a lot of property where aggressive yields are being quoted on properties with short leases, BNP Paribas Real Estate’s senior director of City investment Shaun Gorvin said yesterday.
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EXPO REAL 2011: Allianz to increase lending to property... but not in the UK
6 October 2011
Allianz Real Estate’s German chief executive, Stefan Brendgen, today said the company planned to increase its lending against European property as Solvency II regulations make lending for insurance companies more attractive than direct property investment.
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EXPO REAL 2011: Sovereign debt crisis strongly impacting investment volumes in affected countries.
6 October 2011
The sovereign debt crisis has already started to cause property investors to concentrate more on prime assets in core markets according to CBRE’s European Investment Market briefing.
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Lloyds and Telereal complete £45m Flagstaff deal
6 October 2011
Telereal Trillium has completed a deal to buy the Flagstaff portfolio from Lloyds Banking Group for around £45m, in one of the most keenly watched sales this year.
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EXPO REAL 2011: Pramerica - legislative changes will increase attraction of German open ended funds
5 October 2011
Forthcoming legislation changes for German open ended funds will make them a more attractive and stable asset class, according to Pramerica’s general manager Sebastian Lohmer.
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EXPO REAL 2011: 56% of London investment from overseas in 2011
5 October 2011
Investment volumes for the year so far in London have hit £8.1bn, 56% of which has been from overseas according to research by Jones Lang LaSalle
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EXPO REAL 2011: New York knocks London off top spot for investment
5 October 2011
New York has beaten London to the title of most popular investment destination for the first time since 2007.
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EXPO REAL 2011: Solvency II will help boost real estate lending, says AXA Reim's Lavergne
4 October 2011
The Solvency II regulations will boost lending to European property as it will make the sector more appealing to insurance companies, Laurent Lavergne, head of fund management at insurance giant Axa’s investment management arm Axa REIM, said today.
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EXPO REAL 2011: Aberdeen Asset Managers to increase spending outside Europe
4 October 2011
Aberdeen Asset Managers will increase its spending in countries outside its traditional European core, the company’s global head of property said today.
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EXPO REAL 2011: Investors will stick with property funds because "there's not much else" says Union's Kutscher
4 October 2011
Investors will continue to invest in property funds, despite the difficult economic conditions, because “there isn’t much else around”, Reinhard Kutscher, chairman of the management board at Union Investment said today.
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Henderson Research: Think/Europe
4 October 2011
It has been a summer of discontent across financial markets. The latest wave of sovereign debt fears on both sides of the Atlantic, alongside a stark slowdown in economic growth, has revealed that the treacherous debris of the financial crisis is still evident.
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EXPO REAL 2011: Property Week's team in Munich welcomes you to the conference
3 October 2011
As the sovereign debt crisis continues to rage, around 36,800 commercial property professionals haver descended on Munich this week for Expo Real - where the Eurozone’s economic woes will no doubt be a key focus.
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LaSalle £47m deal to bring Premier Inn to Blackfriars
30 September 2011
LaSalle Investment Management is planning to convert an office in London’s Blackfriars into a Premier Inn hotel.
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American-backed Highcross puts faith in British factories
30 September 2011
Fund manager buys out HBOS/Lloyds stake in £260m, 17m sq ft industrial-led portfolio in north-east England
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Co-opportunity knocks for Co-Operative Group
30 September 2011
Co-op seeks partner for its £800m regeneration project in Manchester
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Equity falls in all regions bar Americas
30 September 2011
The amount of available equity to invest in property across the globe has fallen for the first time in two years because of the global debt crisis, a DTZ report suggests
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Expo Real: A real good time at expo
30 September 2011
This ‘strictly business’ conference follows the excesses of Oktoberfest
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InfraRed buys €50m Frankfurt shed
29 September 2011
InfraRed Capital Partners had forward purchased a logistics development in Frankfurt.
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Private family trust in £15.9m Midtown buy
29 September 2011
Private family trust Arbel Holdings has bought 95 Aldwych, near to London’s Covent Garden, for £15.9m.
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WP Carey makes Italy debut with €300m Metro deal
29 September 2011
WP Carey has made its debut investment in Italy via a €300m deal with the world’s largest cash-and-carry operator Metro.
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Former Citi global property head scores Plymouth Argyle football club deal
29 September 2011
James Brent’s Akkeron Group has agreed to buy struggling Plymouth Argyle football club out of administration.
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Legal & General buys London industrial portfolio
29 September 2011
Legal & General has bought six London industrial estates from Segro for £38.2m.
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Cash for property investment drops for first time since 2009
28 September 2011
The amount of equity targeting property investment across the globe has fallen for the first time in two years due to the global debt crisis, according to a new report from DTZ.
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Axa poaches head of European transactions
28 September 2011
AXA Real Estate Investment Managers has poached Riccardo Dallolio from Grove Capital Partners to be its head of European transactions.
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Hermes buys Manchester city centre office
27 September 2011
Hermes Property Unit Trust has bought the Citygate Court building at Mosley Street in Manchester city centre, TheBusinessDesk.com reported today.
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Network Rail completes £91.8m Victoria Place deal
27 September 2011
Network Rail has completed the leasehold purchase of Victoria Place shopping centre at Victoria station in London for £91.8m.
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Atrium buys €191m former Quinlan shopping centre
27 September 2011
Atrium European Real Estate Limited has bought the Palác Flóra shopping centre in Prague for €191 million from its two previous owners, AFI Europe and Avestus Capital Partners – the former fund management company of Derek Quinlan.
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London & Stamford completes £24.5m residential buy
26 September 2011
London & Stamford has completed its purchase of a £24.4m residential block in Oval, south London.
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Tristan teams up with Ellandi
23 September 2011
Duo form £150m venture to invest in secondary malls
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Savills: European Investment Bulletin - Summer 2011
22 September 2011
The rising trend reported in Q4 2010 in our survey area continued in the first and second quarters of 2011 and the total commercial real estateinvestment volume in the first half of the year exceeded by about 8% last year’s levels (same period).
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Helical joint venture plans £30m Birmingham retail investment
22 September 2011
A Helical Bar joint venture has bought a 13-acre site in Tyseley, Birmingham, for a 141,600 sq ft retail park development.
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Al Faisal Holdings emerges as £200m buyer of London’s W Hotel
21 September 2011
A Qatari hospitality company owned by Al Faisal Holdings has emerged as the buyer of the W Hotel on Leicester Square in London.
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Manchester’s One Piccadilly Gardens sold to Europa
19 September 2011
Europa Capital, in a joint venture with Paul Parkinson, has bought One Piccadilly Gardens and the Pavilion in Manchester from a private Irish investor for £67m.
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CB Richard Ellis sets up ‘conduit to the regions’Doug Smith’s team will help redistribute investment around the UK
16 September 2011
Doug Smith’s team will help redistribute investment around the UK
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Hammerson investment chiefs bring ‘non-bling’ development to City pipeline race
16 September 2011
REIT progresses schemes in anticipation of supply shortfall
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Dutch fund in talks to buy £1bn student halls developer
14 September 2011
A Dutch pension fund has emerged as the frontrunner to buy a huge student halls company from Barclays Capital, in one of the biggest corporate transactions of the year.
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Real Estate Investors wraps up £13m of deals
13 September 2011
Real Estate Investors, the West Midlands based property company, has bought three properties in the Midlands for a total of £13m and a yield of 11.84%.
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Bourne Capital puts £90m Queensway Estate on the block
12 September 2011
A set of properties near Queensway Underground station and owned by entrepreneur Robert Bourne are to be put on the market for around £80-90m.
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Great Portland / Ropemaker buy £133m ITN building
12 September 2011
The Great Ropemaker Partnership, a 50:50 Joint Venture between Great Portland Estates and the BP Pension Fund has bought 200 and 214 Gray’s Inn Road in London’s Midtown from an affiliate of Beacon Capital for £132.75m.
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Great Portland secures major West End development site
12 September 2011
Great Portland Estates has bought a 2.3 acre development site at the east end of London’s Oxford Street from Royal Mail Group, as revealed by Property Week in July.
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F&C clinches Middlesbrough and Barnsley mall deals
12 September 2011
F&C Reit has exchanged to buy The Alhambra Centre Barnsley (pictured) and The Cleveland Centre in Middlesbrough from The Mall Fund for £108.1m, as tipped by Property Week (30/6/11).
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Cushman and SWIP swoop in Germany
9 September 2011
Cushman & Wakefield Investors and Scottish Widows Investment Partnership have bought a refurbished retail and office scheme in Dusseldorf city centre for just less than €20m, in the debut purchase their Pan-European Urban Retail Fund.
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Qataris close to buying £196m London W Hotel
8 September 2011
A Qatari private investor is under offer to buy the W Hotel in London’s Leicester Square for around £196m.
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KanAm puts £1bn of London trophies on block
7 September 2011
Munich-based fund KanAm has put up for sale its entire London portfolio of four properties worth £1bn, as it looks to exit UK property and take advantage of the “flight to prime” by London investors.
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Tristan’s Curzon fund buys £23m former Kenmore asset
6 September 2011
Tristan Capital has bought a vacant office building in Glasgow from administrators to Kenmore Property Group.
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Quintain sells Cambridge office
6 September 2011
Listed regeneration company Quintain, on behalf of its secondary property fund, SeQWuel, has sold 140 Cambridge Science Park to Mayfair Capital Unit Trust for a net initial yield of 7.8%.
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Regional shopping centres scare off nervous investors
2 September 2011
Addington Capital pulls out of Birkenhead malls purchase, as Belfast’s CastleCourt bidders baulk at price
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Riots fail to halt overseas investors’ raid on UK assets
2 September 2011
Uncertainty in global markets is more likely area of concern say experts
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Cushman & Wakefield poaches Barclays global property head
1 September 2011
Cushman & Wakefield has poached the group property director at Barclays Bank as a partner in its Europe, Middle East and Africa (EMEA) team.
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Henderson fund goes to German market with €170m
1 September 2011
Henderson Global Investors today announced it was heading to the German market with €170m of firepower after raising €85m for its Henderson German Retail Income Fund (GRIF).
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Lambert Smith Hampton appoints former Knight Frank partner to lead northern investment
1 September 2011
One of the Knight Frank partners made redundant from its Manchester office a week ago has been recruited by Lambert Smith Hampton.
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Hannover Leasing buys £139m City office
1 September 2011
German closed-end fund manager Hannover Leasing has bought a 19-storey office in the City of London for £139m.
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CareCapital Group sells German healthcare portfolio
31 August 2011
CareCapital Group has agreed to sell its German healthcare property portfolio to NorthWest Value Partners, privately-owned real estate investor based in Toronto, for €27.35m.
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RREEF buys Leeds office out of administration
24 August 2011
German fund manager RREEF has bought a major Leeds office block out of administration for £24.25m.
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Fears that HS2 rail will see investors favour Manchester over Liverpool
22 August 2011
TRANSPORT authority Merseytravel has said that although it welcomes a new high speed rail link to Manchester, it fears the upgrade could leave Liverpool out of the loop when it comes to inward investment, TheBusinessDesk.com reported today.
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Russian investor buys One Hyde Park Rolex store
22 August 2011
A Russian investor has exchanged contracts to buy the flagship Rolex store at One Hyde Park for a net initial yield of less than 3%.
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NewRiver announces flurry of deals
22 August 2011
NewRiver Retail today announced a flurry of deals across the country including purchases, a sale and an appointment as development manager.
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Aman Resorts on the market with over $400m price tag
22 August 2011
Aman Resorts, the luxury hotel chain, has been put up for sale with a price tag of over $400m (£240m), the Sunday Times reported yesterday.
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Targetfollow's Coventry Skydome sold out of administration
19 August 2011
The Coventry Skydome leisure complex has been sold in a £13.5m deal, TheBusinessDesk.com reported today.
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Wellcome buys 1,900 acre Cheshire estate
19 August 2011
The Wellcome Trust has completed the purchase of the Alpraham Estate in Cheshire.
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Henderson Global Investors: Think/UK - July 2011
18 August 2011
The yield-driven recovery in UK capital values is drawing to a close, leaving the spotlight focused on performance fundamentals.
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Resolution in €250m Copenhagen joint venture
18 August 2011
Resolution Real Estate Properties has formed a €250m joint venture to invest in Copenhagen’s central business district.
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Cushman & Wakefield poaches partner from DTZ
17 August 2011
Cushman & Wakefield has hired a DTZ European capital markets director as a partner in its central and eastern Europe investment team.
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DTZ Investment Management buys £30.9m City office
17 August 2011
Pension fund clients of DTZ Investment Management have exchanged contracts to buy 60 Cannon Street in the City of London for £30.9m.
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London & Stamford completes Tesco Harlow shed buy
16 August 2011
London & Stamford has today completed the acquisition of a Tesco-occupied distribution unit in Harlow for £22.9m.
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RBS’s West Register and Invesco to wind up £207m listed trust
15 August 2011
Fund manager Invesco Real Estate and West Register – the property management company within Royal Bank of Scotland – today said that they had agreed to liquidate a heavily indebted listed property company before 2014.
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Eddisons launches Leeds capital markets desk
15 August 2011
Chartered surveying practice Eddisons has launched a new capital markets department in Leeds, TheBusinessDesk.com reported today.
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MGPA's €220m Danish retail deal
15 August 2011
Private equity fund manager MGPA has bought a €220m Danish department store property in a joint venture with two other investors.
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Pramerica raises £98m for ground rent fund
15 August 2011
Pramerica Real Estate Investors today revealed it had raised £98m of new equity for a ground rent fund, taking the total raised for the fund to £225m.
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Delancey and Qatari Diar seal Olympic Village deal
12 August 2011
Delancey and Qatari Diar have been selected by the Olympic Delivery Authority to buy the Olympic Village for £557m, as tipped by Property Week.
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Oxford University college sells local office
11 August 2011
Oxford University’s Oriel College has sold a local office building for £6.6m.
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Warner Estate sells Euston mixed-use property
11 August 2011
Property fund manager Warner Estate has exchanged contracts to sell a mixed-use property near London’s Euston train station for £18.1m.
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LaSalle buys Premier Inns in £53.8m sale and leaseback deal
11 August 2011
LaSalle Investment Management is to buy seven Premier Inns in a £53.8m sale-and-leaseback deal.
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Rochdale council mulls Wheatsheaf buy
11 August 2011
Rochdale Council is pursuing its attempt to buy the town’s Wheatsheaf shopping centre from administrators, TheBusinessDesk.com reported yesterday.
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Grainger on course for £189.2m of sales in the year
11 August 2011
Grainger made £148.7m in sales over the ten months to the end of July, an improvement of £20m on the same period last year.
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WELPUT pulls West End's Southside sale
11 August 2011
Southside at 101 Victoria Street in London’s West End has been pulled from the investment market.
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Halabi's Time Square shopping centre to be brought to market
10 August 2011
Simon Halabi’s Time Square shopping centre in Sutton will be brought to the market by its LPA receivers.
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Legal & General frontrunner for Segro’s GL7
10 August 2011
Legal & General Property has emerged as the frontrunner to buy Segro’s GL7 portfolio of industrial estates.
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Aviva tees up giant West End scheme
8 August 2011
Aviva is close to piecing together a development site in London’s West End that could bring to the market about 600,000 sq ft of mixed-use space.
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Axa Real Estate sells Grosvenor Shopping Centre
5 August 2011
AXA Real Estate has sold the Grosvenor Shopping Centre in Macclesfield, on behalf of its client Friends Life Company to Eskmuir Securities for £20.86m.
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Government rejects Wellcome's £1bn Olympic bid
4 August 2011
Ministers have rejected The Wellcome Trust’s £1bn bid for the entire Olympic Park, The Financial Times reported today.
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Gordon Ramsay sells in Maida Vale
4 August 2011
Gordon Ramsay Pub Holdings has sold The Warrington public house in London’s Maida Vale for over £5m.
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Mayfair Capital buys nine properties
3 August 2011
The Mayfair Capital Property Unit Trust has bought nine assets in the second quarter of 2011.
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LaSalle Investment Management sells Warwick business park
3 August 2011
The Titan Business Centre near Warwick has been sold for £9.8m by LaSalle Investment Management, TheBusinessDesk.com reported today.
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Scottish Widows set to buy Manchester's 101 Barbirolli
2 August 2011
Scottish Widows is set to buy the 101 Barbirolli office building at Barbirolli Square in Manchester for £30m, TheBusinessDesk.com reported today.
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Henderson Research Think/UK July 2011
28 July 2011
The yield-driven recovery in UK capital values is drawing to a close, leaving the spotlight focused on performance fundamentals.
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DTZ Research: Investment market update Europe Q2 2011
28 July 2011
European total real estate investment activity reached €25.4bn in Q2 2011, a 14% increase on Q1 2011. The seventh consecutive increase in the four quarter moving average underscore the steady growth in activity.
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Picton Property’s NAV remains flat
28 July 2011
Picton Property Income, the property investment company formerly known as ING UK Real Estate Trust, has seen net asset value per share stay stable over the last quarter.
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Ireland suffers lowest rate of return since September 2009
28 July 2011
Doubts about the Irish economy and the troubles in the Eurozone have led to Ireland’s commercial property returns falling to their lowest point since September 2009, the IPD has said.
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Pendragon property vehicle in £100m sale-and-leaseback deals
25 July 2011
Car dealership Pendragon’s property holding joint venture, PPH1, has sold five packages of car showrooms to a variety of investors for over £100m.
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Healthcare group in £36.9m hospitals sale-and-leaseback
21 July 2011
Independent healthcare provider General Healthcare Group has sold two hospitals in sale-and-leaseback deals for £36.9m.
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Standard Life Investments buys Southampton office
21 July 2011
Standard Life Investments Property Income Trust has completed the purchase of a multi-let office in Southampton for £6.1m.
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Co-Operative bids for Lloyds branches
19 July 2011
The Co-operative has submitted a bid for the network of 632 bank branches being sold by Lloyds Banking Group, TheBusinessDesk.com reported today.
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LaSalle buys Farringdon block
18 July 2011
Standard Life has sold The Corner at 91-93 Farringdon Road in east London to LaSalle Investment Management for £9.75m.
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Allsop in Colliers West End poach
15 July 2011
Allsop is to re-enter the West End leasing and investment market, after poaching two directors from Colliers International.
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MPs and PWC to probe £250bn council-owned property use
15 July 2011
The government has today launched an inquiry into how local authorities can better use their £250bn property assets to boost development and economic growth.
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DTZ Research: Belgium Secondary Markets - H2 2011
14 July 2011
The activity recorded at mid-year (90,000 sq m) is in line with the average and offers a much better performance to the secondary markets as a whole than Brussels.
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DTZ Research: Belgium Investment Market Update - Q2 2011
14 July 2011
Investments are keeping up the good pace set mid-2010 and Q2 2011 accounts for an encouraging €469m. The second part of the year being traditionally more dynamic we can expect the current figure of €909m invested in Belgium commercial real estate to double at least, leaving behind the years 2009 and 2010.
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Overseas investment in central London offices up 25%
14 July 2011
Investment by overseas investors in central London offices was 25% higher in the first half of the year than in the same period in 2010, research from Jones Lang LaSalle has shown.
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One of Sheffield's tallest buildings brought to the market
14 July 2011
One of the tallest buildings in Sheffield has gone onto the market with a price tag of more than £10.5m, TheBusinessDesk.com reported today.
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Lord Sugar to sell St James’s block
13 July 2011
Amsprop, the company founded by the Apprentice star, is to sell an office building in St James’s, London.
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Highcross buys former HBOS assets
12 July 2011
UK opportunity fund Highcross has bought seven office and industrial properties in Aberdeen, Dunfermline and Glasgow, in a £20.3m deal.
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Galliard buys 7-9 Portland Place for resi
11 July 2011
Galliard Homes has paid £11m for 7-9 Portland Place, an office building in London’s West End which it plans to convert into luxury homes.
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Liverpool-based B&M bags Focus DIY stores
8 July 2011
Liverpool-based discount retailer B&M has bagged the 11 sites it wanted from Focus DIY’s administrators Ernst & Young for just £1.2m, TheBusinessDesk.com reported today.
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Cordea Savills buys in Edinburgh
8 July 2011
Cordea Savills has purchased a new prime project in Edinburgh and completed the sale of two assets on behalf of its Student Hall Fund.
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Hammerson's £100m City of London buy
8 July 2011
Hammerson has acquired 99 Bishopsgate in London from Prupim £100m.
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Helical sells £42m of property
8 July 2011
Helical Bar has completed £42m of asset sales since its year end and has acquired a mixed use block in Basildon, it announced today.
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British Land buys £179m Virgin Active portfolio
8 July 2011
British Land has bought a portfolio of Virgin Active health and racquet clubs from Societe Generale for £179m as tipped by Property Week (04.07.11).
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Power Network - The Property Investment Network
8 July 2011
A new event for the investment market was launched by Property Week in Mayfair last month
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Astellas Pharma in talks for largest south east occupier deal this year
7 July 2011
Pharmaceuticals company Astellas Pharma is considering moving its headquarters to Chertsey in the largest occupational deal in the south east this year.
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LXB buys Staffordshire sites for £70m scheme
7 July 2011
AIM-listed investor LXB Retail Properties has acquired two town centre plots in Staffordshire for a £70m retail project and is in talks to acquire a third, TheBusinessDesk.com reported today.
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Wellcome publishes Olympic Park takeover plans
5 July 2011
Charitable foundation The Wellcome Trust has made public its plans for a £1bn takeover of London’s Olympic Park.
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Norwegian sovereign wealth fund completes second deal
5 July 2011
The Norwegian sovereign wealth fund has completed its second deal in a £15bn investment drive, with the purchase of 50% of a €1.4bn Parisian portfolio from Axa.
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Welput buys St Martins Place block
4 July 2011
EstCapital has sold 7-8 St Martins Place to the West End of London Property Unit Trust (WELPUT), a closed-end fund managed by Schroders, for £41m.
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RBS demands sale of former Guiness factory
1 July 2011
A vacant building at west London’s First Central has been put up for sale by Royal Bank of Scotland.
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Perella’s Adelphi debut
1 July 2011
Financial services firm Perella Weinberg is in advanced talks to buy the Adelphi building in London’s West End for more than £285m, in one of the biggest Central London investment deals since the downturn.
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F&C REIT under offer on £108m of malls
30 June 2011
F&C Reit has gone under offer to buy The Mall Middlesbrough and The Mall Barnsley for around £108m.
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Brighton Pier up for sale
30 June 2011
Brighton’s Grade II listed pier has been put up for sale for the first time in 25 years.
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Oxford Properties buys £142m Midtown stake
30 June 2011
Oxford Properties has completed the £142m purchase of a 50% stake in MidCity Place.
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SWIP buys BBC building from West Ham owner Sullivan
30 June 2011
Pornography publisher and West Ham United joint owner David Sullivan has sold a BBC let office property on Marylebone High Street.
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British Land in £57m City of London residential buy
30 June 2011
British Land has bought a City of London residential property for £57m.
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IPD and Savills report sharp regeneration property returns in 2010
29 June 2011
Total investment returns from regeneration property improved sharply in 2010 although they still lag the rest of the investment universe, according to IPD and Savills
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Area and Delancey announce £202.6m recommended offer for Minerva
29 June 2011
Area Property Partners and Delancey this morning revealed a £202.6m recommended cash offer for London developer Minerva.
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British Land buys Hutchison Whampoa HQ
29 June 2011
British Land has bought a 198,000 sq ft office and leisure complex in Maidenhead town centre for £74m.
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The Crown to buy £71m Maidstone retail park.
24 June 2011
The Crown Estate is in talks to buy The Junction Fund’s South Aylesford retail park in Maidstone for around £71m, reflecting a yield of around 5.75%.
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Internos sells €36.2m of German property
23 June 2011
Jos Short and Andrew Thornton’s Internos Real Estate Investors has sold €36.2m of property on behalf of the Luxembourg based investment company BGP Investment.
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The Property Archive: UK Property Investment Bulletin - Q4 2010
21 June 2011
For the fourth quarter, investment activity rose to £13.84bn, an increase of 87% from Q3’s £7.4bn. The last time such a high level of quarterly activity was in the second quarter 2007 at £14.38bn, just before the UK property market crashed.
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The Property Archive: UK Property Investment Bulletin - Q1 2011
21 June 2011
The investment volume for the first quarter was down to £8.09bn from £13.24bn seen in the fourth quarter 2010, but up from the £6.14bn in the same first quarter of 2010.
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Cushman & Wakefield: EMEA Property Investment Report - Q1 2011
21 June 2011
European commercial property investment activity hit €28.4bn in the first quarter of 2011, 25% up on the opening quarter of 2010.
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Hermes buys 40-50 Eastbourne Terrace
20 June 2011
Hermes Real Estate Investment Managers, on behalf of the British Telecom Pension Scheme, has exchanged contracts to buy 40-50 Eastbourne Terrace from Westlink Global Investments for £76m.
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£30m Hong Kong cash for Pinnacle
20 June 2011
Pinnacle Regeneration Group has received £30m of investment from three Hong Kong-based families in order to fund its expansion plans.
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St Modwen sells at Connah's Quay
17 June 2011
St Modwen has sold 20,000 sq ft of retail space at the Quay Shopping Centre at Connah’s Quay on the Chester/North Wales border for £2.8m, TheBusinessDesk.com reported today.
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Jaro buys in New Oxford Street
17 June 2011
Jaro Real Estate, the investment vehicle of ex-King Sturge partner David Hallett, has struck its first deal by buying Isis House at 64-76 New Oxford Street in London for £9.5m.
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DTZ Investment Management buys West Midlands retail park
16 June 2011
DTZ Investment Management has bought a retail park in Wolverhampton for £40.65m.
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Brockton Capital and Development Securities agree £47.5m Notting Hill buy
16 June 2011
A joint venture between UK property fund Brockton Capital and Development Securities has agreed to buy a Notting Hill office and retail block for £47.5m.
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CMS Cameron McKenna to prelet Hammerson City scheme
15 June 2011
Law firm CMS Cameron McKenna has signed heads of terms to take a prelet at Hammerson’s Principal Place scheme in the City.
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Law firm Linder Myers buys Manchester HQ
15 June 2011
Linder Myers, a Manchester-based firm of solicitors, has bought 55 Spring Gardens in Manchester city centre from the British Telecom Pension Scheme for its own occupation, in a deal reflecting a yield of 9%.
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£1.1bn Marriott assets to be brought to market
15 June 2011
A portfolio of 42 Marriott hotels bought for £1.1bn at the top of the market will be put up for sale after the appointment of administrators yesterday.
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SWIP swoops on Boots block
14 June 2011
Scottish Widows Investment Partnership has placed a prime block on Oxford Street under offer at a yield of around 5%.
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Bury retail scheme sold for £7m
14 June 2011
Investment fund ISIS Property Trust has completed the £7m acquisition of a new retail warehouse in Bury, Greater Manchester, TheBusinessDesk.com reported today.
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Southern Cross landlords agree to provisional restructuring
14 June 2011
Landlords of struggling care home operator Southern Cross last night agreed to a provisional restructuring which is likely to see rents cut for the short term.
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Max says secondary buying opportunities persist
13 June 2011
Max Property Group, the company run by Nick Leslau and Mike Brown, said today that buying opportunities would continue to arise in the secondary market, in spite of the “snail’s pace” at which banks are deleveraging.
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Knight Frank’s City office to hunt for $1.5bn Chicago skyscraper buyer
10 June 2011
Knight Frank’s City office has been appointed to find a buyer for America’s tallest office building.
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£3.7bn pumped in to London residential market annually from abroad
10 June 2011
The London residential market is being fuelled by foreign buyers to the tune of £3.7bn each year according to research by Savills.
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Prime £225m St John’s Wood site comes to market
10 June 2011
The Eyre Estate has today launched one of London’s most coveted residential development opportunities - the £225m sale of the St John’s Wood Barracks site in north-west London.
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Three shortlisted for £575m Mint hotel portfolio
9 June 2011
Blackstone, London & Regional and a joint venture between Goldman Sach’s Whitehall Fund and the Texas Pacific Group are understood to be on the final shortlist to buy a portfolio of seven Mint hotels for around £575m.
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MEC City Tower deal confirmed
8 June 2011
Mitsubishi Estates has bought City Tower on London’s Bishopsgate for £95m.
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New Covent Garden loses Barratt from £1bn redevelopment race
8 June 2011
Barratt Group has bowed out of the competition to redevelop the New Covent Garden Market site in Nine Elms, leaving two French firms in the running for the £1bn deal.
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Europa buys out €100m former Quinlan mall
7 June 2011
Private equity fund manager Europa Capital has bought the Mall of Sofia shopping centre in Sofia, Bulgaria, from GE Real Estate and Avestus Capital Partners, formerly Quinlan Private.
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Carlyle buys Rotterdam office for student accommodation
7 June 2011
US private equity group Carlyle has bought an office building in Rotterdam for conversion into student accommodation, through its joint venture with the MacGregor family.
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Colliers hires central London investment director
6 June 2011
Colliers International has appointed a new director of central London investment.
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Matrix European REIT plans property sell off
2 June 2011
Matrix European Real Estate Investment Trust is planning to sell all of its assets by the end of 2013.
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St James’s Place serves termination notice on fund manager Invista
1 June 2011
The break-up of listed property fund manager Invista Real Estate Investment Management continued today with its largest separate account client giving formal notice of termination.
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Middle Eastern resi buyers up 50% in West End
27 May 2011
The Arab Spring has caused an uptick in the number of Middle Eastern buyers of West End residential property, according to a report by West End residential agency Kay & Co.
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Kerslake and Carter make construction call
27 May 2011
In the old days of regional planning, it was established that 7,000 homes needed to be built in Kent every year for 20 years to satisfy demand
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Private and public sectors pull together for Kent fund
27 May 2011
CB Richard Ellis prepares feasibility study for project
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Relentless rise in rents forces couples to cohabit
27 May 2011
Average monthly rents in England and Wales rose 0.8% to £692 in April, matching the record high reached in November 2010, says LSL Property Services
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Rockspring buys in Leeds and Shrewsbury
26 May 2011
Rockspring Property Investment Managers has spent £17.8m buying properties in Leeds and Shrewsbury.
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Axa buys €55m Spanish petrol stations portfolio
26 May 2011
Axa Real Estate Investment Managers has bought a €55m portfolio of Spanish petrol stations in a sale and leaseback deal with one of the country’s largest supermarket operators.
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European listed property sector could double to €600bn in five years
25 May 2011
The European listed real estate sector has the potential to double in size to €600bn over the next five years, according to the European Public Real Estate Association (EPRA).
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London resi rents show huge increase
25 May 2011
Rents in London have risen by 6.1% in the past six months from £37.87 / sq ft to £40.20 / sq ft, according to Jones Lang LaSalle research.
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Quintain reports NAV drop but claims “real progress” achieved during year
25 May 2011
Quintain suffered a 6% decline in its net asset value in the year to 31 March.
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Invesco completes £142m City deal
24 May 2011
Invesco Real Estate has completed the first deal for its new global property fund with the purchase of One Finsbury Circus for £142m.
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GVA HQ sold to Hong Kong buyer
20 May 2011
Joint Treasure, a Hong Kong-based private equity firm, has bought GVA’s headquarters at 10 Stratton Street for £60m.
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UK Commercial Property Trust buys Kingston Rotunda
20 May 2011
UK Commercial Property Trust has bought the Rotunda leisure scheme in Kingston for £50.7m, partially funded through a new £150m Barclays Bank debt facility.
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Interactive: Find where overseas money is spent in London
20 May 2011
Use our interactive map below to see which of London’s streets and properties overseas buyers have been pouring their billions into buying.
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Mr Zara buys £220m Oxford Street block
20 May 2011
Founder of Spanish retailer Zara Amancio Ortega buys 1 acre site in West End
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Trio bid £300m for Alban Gate
20 May 2011
Brunei Investment Authority, Hines and Samsung and Tishman vie for City office let to JP Morgan
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Crown buys £20m Trafalgar House headlease
18 May 2011
The Crown Estate has acquired the headlease of Trafalgar House at 11-12 Waterloo Place in London’s St James’s for £20 million.
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HCA’s Lunts moves to GLA
16 May 2011
The Homes and Communities Agency’s executive director for London, David Lunts, has taken up a new role at the Greater London Authority.
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DTZ Investment Market Update: UK Shopping Centres - Q1 2011
16 May 2011
In terms of market activity in Q1 2011, there were 17 completed shopping centre transactions (with a further six assets currently under offer), representing a total of £2.6bn by value.
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DTZ Investment Market Update: UK Retail Warehouse - Q1 2011
16 May 2011
It has been a slow start to the year, with a shortage of stock in the retail warehouse investment market, particularly in the £50m+ bracket. Stock totalling circa £815m was openly available on the market during Q1, compared with £1.1bn in Q4 2010 and £1.7bn in Q3 2010.
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DTZ: Investment Market Update - UK High Street - Q 2011
16 May 2011
According to DTZ figures, £123m was transacted in the UK high street investment market in Q1, encompassing 32 completed deals, excluding auctions and portfolio transactions. However, there are a number of key deals agreed, which have not yet completed.
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Almacantar buys £80m Marble Arch Tower
16 May 2011
Mike Hussey’s Almacantar has bought London’s Marble Arch Tower from clients of Orchard Street Investment Management.
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Stobart hits back against “malicious allegations”
13 May 2011
Stobart Group has denied any wrongdoing in relation to its proposed purchaser of a debt-hit property portfolio from its chief executive.
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Legal & General under offer on Kandahar's Jackson Square
12 May 2011
Legal & General Property has gone under offer to buy Kandahar’s Jackson Square shopping centre in Bishop Stortford for around £58m.
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Armenius vehicles take control of €1bn of German properties
12 May 2011
Two investment vehicles run by Arminius Funds Management have taken control of €1bn of German properties via a debt restructuring.
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Thames Valley tech to drive south-east office growth
10 May 2011
The recovery in the south-east office market is being led by the M4 corridor areas of Hammersmith, Maidenhead and Reading.
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Tritax looks for investors for Aldershot self-storage property fund
9 May 2011
Tritax has launched a new property fund to invest in a self-storage facility in Hampshire.
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Henderson Global Investors buys Kent retail
9 May 2011
Henderson Global Investors has bought the first phase in a Kent retail park for £14.25m, a yield of 5.4%.
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Atrium European Real Estate completes €171m Warsaw deal
6 May 2011
Atrium European Real Estate has completed the purchase of the Promenada shopping centre in Warsaw, Poland, for €171m.
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Benson Elliott acquires Barcelona office in bank deal
5 May 2011
Benson Elliot has forward bought an office in Barcelona with an end value of €80m.
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Public consulted on Sea Containers revamp
4 May 2011
The owner of Sea Containers House on London’s South Bank has begun a public consultation on its proposals to refurbish the building, ahead of submitting a planning application in the summer.
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Grainger confirms Lloyds resi deal
4 May 2011
Listed residential landlord Grainger has confirmed its selection as the preferred supplier to asset manage Lloyds Banking Group’s residential properties that are in distress, as tipped by Property Week (03.02.11).
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Gatehouse buys £53m Scottish Rolls-Royce factory
3 May 2011
Shariah-compliant wholesale bank Gatehouse has bought a Rolls-Royce manufacturing and logistics plant in Glasgow for £52.7m.
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Lloyds puts £60m of assets on the market
3 May 2011
Lloyds Banking Group has put a portfolio of 38 distressed properties on the market through Jones Lang LaSalle.
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Last three Kenmore assets for sale
28 April 2011
Administrators to the Kenmore Property Group have put up for sale the three remaining assets formerly owned by the company, which collapsed in November 2009.
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Peakside sells Berlin housing complex to TAG
27 April 2011
Peakside Capital, the Zug-based European real estate private equity firm, has sold a residential complex in Berlin to TAG Immobilien.
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London & Stamford buys £75m City office
27 April 2011
London & Stamford has bought a City of London office for £75m.
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Investment in central London up by a third year-on-year, Cushman & Wakefield says
26 April 2011
Central London property investment in the first quarter of the year increased by 34% on the same period in 2010, figures from Cushman & Wakefield have shown.
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RREEF buys Silicon Valley office
26 April 2011
RREEF has bought an office in California’s Silicon Valley for $65m.
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Meadow Partners recapitalises Kensington Arcade
26 April 2011
Meadow Partners’ Real Estate Fund has taken control of Kensington Arcade in west London from Englander Group.
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Al Fayed mulls "all cash" offer for Pinewood
21 April 2011
Mohamed Al Fayed has emerged as a rival party interested in buying Pinewood Shepperton, the listed film studio company.
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Aviva Tower exchanges for £288.25m
21 April 2011
Contracts have been exchanged on the sale of the Aviva Tower for £288.25m – the last property to be sold from Simon Halabi’s Protractor portfolio which was taken into administration two years ago.
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Redevco buys Bournemouth parade
20 April 2011
Redevco has bought a parade of Bournemouth shops for £31m.
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Moorfield's new £50m joint venture to convert Labour's former HQ into hostel
19 April 2011
Labour’s former London headquarters is to be converted into a hostel as a part of a new £50m joint venture between Moorfield and property company Safeland.
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Yield movement drives modest UK growth, IPD says
14 April 2011
Capital values in the UK property market rose by a modest 0.3% in March, figures from the Investment Property Databank have shown, bringing total capital growth for the first quarter of 2011 to 0.6%.
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Mitsubishi Estate to buy 150 Leadenhall Street
14 April 2011
Japanese property giant Mitsubishi Estate is under offer to buy the London headquarters of fellow Japanese company Tokio Marine for £35m.
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DevSecs eyes £52m Notting Hill buy
14 April 2011
Development Securities is close to buying a retail and office block in for £52m Notting Hill in west London.
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Online property trading gains momentum
14 April 2011
London agency John Miles & Company has used the clicktopurchase platform to sell an office property in Egham.
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Ronson consortium frontrunner to buy Murco petrol stations
13 April 2011
Gerald Ronson is among a consortium of investors vying for control of petrol station operator Murco UK.
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Prupim purchases £67m Tesco Superstore
12 April 2011
Prupim has completed the purchase of a 150,000 sq ft Tesco Superstore in Culverhouse Cross, Cardiff.
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Peel makes takeover bid for Pinewood
11 April 2011
John Whittaker’s Peel Holdings has made a full takeover bid for Pinewood Shepperton, the listed film studio company.
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70 Gracechurch for sale at £200m
8 April 2011
The Irish owner of 70 Gracechurch Street in the City is in talks to sell the building, which houses Marks & Spencer and XL, for around £200m.
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Crosslane makes second student fund purchase
7 April 2011
The Crosslane Student Accommodation Fund has bought its second property since its first closing six months ago.
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Cineworld moves into Continental Europe with Spanish buy
7 April 2011
Cineworld Group is moving into Continental Europe with the purchase of Spain’s fifth largest cinema operator.
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Delancey agrees £460m City of London buy
7 April 2011
Jamie Ritblat’s Delancey has agreed to buy Plantation Place, the City of London scheme that was developed by his father, for around £460m, reflecting a 5.75% yield.
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St Katherine Docks on market for £170m
6 April 2011
F&C Reit and Area Property Partners have appointed Franc Warwick to sell St Katherine Docks by London’s Tower Bridge for around £170m.
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AEW Europe promotes Wilkinson in management restructure
4 April 2011
AEW Europe has promoted Rob Wilkinson to chief investment officer.
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RDAs’ £500m assets go up for sale
4 April 2011
The government has rejected calls to transfer regional development agencies’ assets to the ownership of local authorities and will sell them instead.
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Rockspring buys €69m German shopping centre
1 April 2011
Investment manager Rockspring has bought German shopping centre Das Es! from SEB Asset Management for €69m.
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Hammerson in talks to flip Three Spires
1 April 2011
Hammerson is in talks with LaSalle Investment Management to flip the Three Spires shopping centre in Lichfield but any deal is thought to be contingent on the future of troubled retailer TJ Hughes.
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Lebanese buyer is toast of Cannes
1 April 2011
Former Dorchester owner Toufic Aboukhater buys €450m hotels portfolio from Morgan Stanley
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Rockspring buys €45.5m Spanish retail portfolio
31 March 2011
Rockspring Property Investment Managers has bought a portfolio of shops from Spanish food retailer Eroski for €45.5m.
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US hedge fund buys stake in Invista
31 March 2011
A Boston-based hedge fund that buys stakes in unloved property companies and looks to shake up the board revealed a 3.5% stake in Invista Real Estate this morning.
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DTZ Investment Management buys Southwark office
31 March 2011
DTZ Investment Management has bought Bankside Central in Southwark for £18.75m.
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Scottish Widows buys £36m Debenhams HQ
31 March 2011
Scottish Widows Investment Partnership, on behalf of Scottish Widows Unit Funds, has bought 1-2 Welbeck Street in London’s West End for £36m in an off-market deal.
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Boultbee buys £18.5m industrial portfolio
30 March 2011
Boultbee has bought a portfolio of six industrial properties from DTZ for £18.5m, reflecting an initial yield of 8.8%.
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Skylight Capital to sell main property portfolio
30 March 2011
Fund manager Skylight Capital is to test the strength of the residential investment market with the break up and sale of its main property portfolio.
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Ronson – sun will start to shine again in 2014/15
29 March 2011
Gerald Ronson today said that the property market would not fully recover until 2014 at the very earliest – and that investment outside of London would require “luck, bravery and Alka Seltzer”.
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Heron Tower completes
29 March 2011
Heron International has announced it has reached practical completion of the Heron Tower, the tallest building in the City of London.
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Singapore office sold at record-breaking price
28 March 2011
A Singapore office has been bought for $715m (S$889m) – one of the largest deals globally this year and a record-breaker for the south-east Asian city-state.
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Mountgrange buys Cambridge business park
28 March 2011
Mountgrange Investment Management’s Real Estate Opportunity Fund has bought the IQ Cambridge Business Park from Segro for £10.15m.
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Wheeler and Brixton end employment row
28 March 2011
Brixton and former chief executive Tim Wheeler have ended their row over Wheeler’s exit from the company in early 2009.
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Sale of GVA’s HQ falls through
28 March 2011
The Algerian Embassy has abandoned plans to buy and occupy GVA’s West End HQ at10 Stratton Street for £65m.
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Gerald Eve predicts 5.6% all-property return in 2011
25 March 2011
Gerald Eve predicts “subdued” property returns of 5.6% for 2011 with offices being the best-performing sector.
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Opus and Palmer in £50m supermarket plan for Castelford rugby stadium
24 March 2011
Opus Land and Palmer Capital have agreed plans to buy and redevelop West Yorkshire rugby league club Castleford Tigers’ stadium in a deal estimated to be worth £50m.
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Shard owner buys Oxford Street's Park House
24 March 2011
Qatari owners of London’s Shard tower have bought Park House on the capital’s Oxford Street.
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Co-Op celebrates Manchester Victoria-Piccadilly link
23 March 2011
The Plan for Growth, which was published today alongside the Budget, pledged £200m funding for rail projects, with a central Manchester rail link set to be the first to benefit.
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AUB buys two student accommodation blocks
23 March 2011
Ahli United Bank has bought two student accommodation assets, in London and Leeds, for a total of £38m.
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IPD launches first “investable” European property fund index
22 March 2011
IPD has launched a quarterly pan-European pooled property fund index to reveal the investment performance of cross-border funds.
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Punch Taverns plans 2,200 properties sell-off
22 March 2011
Punch Taverns has announced it will sell off nearly half of its 5,967 leased pubs and separate its managed and leased pubs division in order to tackle its £3bn debt.
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CBRE Hotels wins 826-room US instruction
22 March 2011
CBRE Hotels has been appointed to sell or recapitalise the Willow Hotels portfolio, which includes the Shoreham, Mansfield and Franklin Hotels in Manhattan, New York.
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HSBC, Tesco and Metro buy three shopping malls in China for $280m
22 March 2011
An HSBC Specialist Investments-managed fund has teamed up with Tesco and the Singapore-listed Metro Holdings to buy three shopping malls in China for $280m.
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£371m fund terminates Invista contract
22 March 2011
A listed property fund with assets of £371m has terminated its management contract with Invista Real Estate, the second fund to do so in less than a week.
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Corestate buys €85m distressed German residential portfolio
22 March 2011
Switzerland-based private equity firm Corestate has bought a portfolio of 153 residential assets located in the Rhine Ruhr region of Germany valued at €85 million.
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Blackstone exchanges on £480m Chiswick Park deal
21 March 2011
US private equity firm Blackstone has now exchanged on its £480m purchase of Chiswick Park in west London, and will complete the deal imminently.
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Wainbridge buys £39m office trio
21 March 2011
Property company Wainbridge has bought three office assets in Central London, Croydon and Bristol, for £39m.
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JP Morgan Asset Management under offer at 10 Aldermanbury
18 March 2011
JP Morgan Asset Management is under offer to buy 10 Aldermanbury Square in the City of London for around £260m.
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Qatari Diar and Delancey team up for Plantation play
18 March 2011
Qatari Diar and Delancey have submitted a joint proposal to buy a stake in Plantation Place in the City of London, which is valued at more than £450m.
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Delancey buys Derbyshire industrial estate
18 March 2011
Delancey has bought the West Hallam Industrial Estate in Derbyshire for £18.65m from Douglas Bay Capital, reflecting an initial yield of 8.6%.
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Cerberus completes Maxim deal
17 March 2011
The restructuring of a 1m sq ft Maxim business park on the outskirts of Glasgow has been completed.
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Wellcome in £1bn bid to buy the Olympic Park
17 March 2011
The Wellcome Trust is understood to have offered the Olympic Park Legacy Company £1bn to buy the majority of the Queen Elizabeth Olympic Park in Stratford, East London.
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IPD: residential underperformed commercial in 2010
16 March 2011
Residential property underperformed the commercial market for the first time in four years last year.
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Tchenguiz wins right to bring Kaupthing lawsuit in UK
16 March 2011
Vincent Tchenguiz’s Consensus Group today won the right for a £1bn lawsuit against Icelandic bank Kaupthing to be heard in the UK.
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Deka buys Warsaw tower for €103m
16 March 2011
Deka Immobilien has bought a recently-developed office tower building in Warsaw for €103m.
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UBS recovery fund buys £19.5m City office building
16 March 2011
UBS Global Asset Management has bought a part-vacant City of London office building for £19.5m for its UBS South East Recovery Fund.
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Delancey to be new main sponsor of British ski championships
16 March 2011
Sir John Ritblat has continued his long-standing support of British skiing with a new sponsorship deal.
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Orchard Street in £13.4m St Albans sale
16 March 2011
Orchard Street Investment Management has sold two office properties at Centrium Business Park in St Albans to ING REIM.
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IPD: capital values rose 0.2% in February
15 March 2011
UK commercial property values maintained their fractional capital growth trend, at just 0.2%, in February, according to the latest Investment Property Databank UK Monthly Index.
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Mailbox under offer to Brockton
14 March 2011
Brockton Capital has put The Mailbox in Birmingham under offer.
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Invista buys Leeds industrial estate
14 March 2011
Invista Real Estate has bought Gildersome Spur industrial estate in Leeds for £17.5m.
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North-east pubs are put up for sale through “click to purchase” online platform
14 March 2011
Two pubs in the north-east of England have become the first marketed for sale by Christie & Co to use the Click to Purchase platform.
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JJB looks for £65m working capital
14 March 2011
JJB Sports plans to raise £65m from a new share placing, the retailer said in a stock exchange statement today.
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NewRiver sells £10m of assets
14 March 2011
NewRiver Retail has exchanged contracts to sell Princess House in Shrewsbury to Rockspring, for £9.6m, reflecting a net initial yield of 7.2%.
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Topland buys Brighton Hilton
11 March 2011
Sol and Eddie Zakay’s Topland Group has bought the Hilton Brighton Metropole for £39.25m from the Royal Bank of Scotland.
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Helical puts retirement village business up for sale
10 March 2011
Helical Bar is set to put its retirement village joint venture up for sale for around £70m, as it refocuses on its core investment and development business.
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Candys sell £900m of luxury apartments at One Hyde Park (video)
10 March 2011
Christian Candy’s CPC Group has sold £900m of apartments at its luxury One Hyde Park scheme in London – a figure previously only linked to exchanged sales.
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Derwent London buys two West End buildings for £76m
10 March 2011
Derwent London has bought two London West End properties for £76m.
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Derwent London posts 27% NAV rise for 2010
10 March 2011
Derwent London, the London office REIT, reported a strong set of annual results this morning, achieving a 27% increase in net asset value.
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Owen’s Invista REIM buyout collapses
10 March 2011
Duncan Owen has failed in his management buyout of Invista Real Estate Investment Management’s asset management business.
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Aerium buys in Bristol
9 March 2011
Aerium has completed the purchase of One Glass Wharf in Bristol for £83m, as tipped by Property Week (10.12.10).
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MIPIM 2011 TV: Middle East unrest should see money flock to London
8 March 2011
Safe havens, such as London and Paris, could see international money flooding in as a result of the Middle Eastern political unrest, Jones Lang LaSalle’s EMEA head Christian Ulbrich said today.
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MIPIM 2011: McAleer & Rushe launches £200m W Hotel sale
8 March 2011
McAleer & Rushe today launched the sale of the W Hotel at London’s Leicester Square - and is looking for bids of in excess of £200m.
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MIPIM 2011 – Corporate occupiers move their sights
8 March 2011
Companies have moved from a focus on cost control to maximum productivity and “smart” growth, according to the inaugural Jones Lang LaSalle and Thomson Reuters’ Corporate Real Estate Global Survey.
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Debt finance for UK property difficult according to Savills
8 March 2011
There were fewer German banks in the list of most active lenders to UK property revealed by Savills today, as debt finance for property continues to be scarce.
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MIPIM 2011 – JLL highlights key trends for European retail property
8 March 2011
Jones Lang LaSalle this week highlighted the six key trends for the European retail investment market over the next 12 months.
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CapCo in Covent Garden property swap
04 March 2011
Co Operative Insurance has sold 1-3 Henrietta Street / 22 Southampton Street in London’s West End to Capital & Counties, in a property swap that sees CapCo bolster its presence in Covent Garden.
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Tamar posts slight NAV growth
04 March 2011
Investment company Tamar European Industrial Fund has today reported a 1.2% increase in net asset value in its full-year results.
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Allianz signs €470m logistics jv with AMB
3 March 2011
AMB Property Corporation has formed a €470m joint venture with Allianz Real Estate to buy logistics properties at major transport hubs in Europe.
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Shaftesbury to raise £100m for West End spree
3 March 2011
Shaftesbury this morning announced a £100m share placing to take advantage of opportunities coming to the market in its core West End locations.
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Cubex buys Bristol’s West Gate
2 March 2011
Bristol-based developer Cubex is to buy a vacant 90,000 sq ft city centre office block from Aviva Investors.
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Cross-border deals jump by 60%
2 March 2011
Global cross border investment increased by 60% year-on-year in 2010, accounting for 40% of all commercial property deals, according to new research by Jones Lang LaSalle.
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Crown Estate buys £61m Portsmouth retail park
2 March 2011
Capital & Regional’s Junction Fund has sold Ocean Retail Park in Portsmouth, Hampshire, to the Crown Estate for £60.85m.
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TIAA-CREF buys half of Google’s London HQ
1 March 2011
The US teachers’ pension fund has been confirmed as the buyer of Henderson Global Investors’ 50% stake in Google’s London HQ, as revealed by Property Week (03.12.10).
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Sunderland council buys Vaux brewery site for £22m
1 March 2011
Sunderland City Council, regional development agency One North East and the Homes and Communities Agency (HCA) have bought the 26-acre former Vaux brewery site from Tesco, ending a 10-year row over the site’s future.
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DevSecs cautious as market still lacks “clarity”
1 March 2011
Development Securities today issued a cautious statement on the outlook for the property sector, alongside its results for 2010.
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Henderson buys £33m Cambridge retail asset
28 February 2011
Henderson Global Investors has bought Christ’s Lane, a high street asset in Cambridge, from Land Securities for £33.16m, representing a 5.25% net initial yield.
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Raven Russia agrees $54.4m Moscow shed purchase
28 February 2011
Raven Russia has agreed to buy a warehouse in the Domodedovo district of southern Moscow, close to the international airport.
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F&C REIT Asset Management: Market Review and Outlook - Q4 2010
24 February 2011
Total returns in 4Q 2010 were 2.8% at the all property level to give 15.2% for the year as a whole, with the bulk of the performance occurring in the first half of 2010.
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CB Richard Ellis: European Capital Markets - Q4 2010
24 February 2011
Total investment turnover surprised on the upside in the final quarter. European investment activity picked up to almost €40bn. A sharp increase in the number of larger deal strongly influenced this result.
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CB Richard Ellis: UK Residential Investment Monitor - Q1 2011
24 February 2011
In the last two years equity markets have recognised the opportunity to invest, both in scale and for good returns, in the residential investment and development market.
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CB Richard Ellis UK Monthly Index - February 2011
24 February 2011
An index showing total returns and percentage changes in total return.
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Knight Frank: Shopping Centre Investment Quarterly - Q4 2010
23 February 2011
Transaction volumes are expected to fall from their Q4 peak, constrained by a lack of stock. Demand will remain strong with interest selectively turning to more secondary stock because of the lack of prime opportunities.
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CapCo in Far East talks over Earls Court funding
23 February 2011
Capital & Counties is in early stage talks with Asian investors to get funding for the largest prime residential scheme in west London.
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London investment market becomes less attractive
23 February 2011
The City and West End of London investment markets have become less attractive over the past quarter, according to the latest DTZ Fair Value Index.
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Lothbury completes £50m of deals
22 February 2011
Lothbury Investment Management has confirmed that it has bought a £23.35m redevelopment opportunity in London’s West End, originally tipped by Property Week (14.01.11), as it announces completion of three deals worth £50m this year.
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Standard Life sues Topland over 2003 Holborn deal
21 February 2011
Investment company Topland is being sued over the £58m purchase of a Holborn property in 2003, because the vendor Standard Life alleges that Topland failed to disclose details of negotiations with the tenant while the deal was being done.
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Henderson in £70m King’s Cross P&O tie-up
21 February 2011
Henderson Global Investors has entered into a joint venture with Istithmar P&O Estates to develop the £70m final phase of its Regent Quarter scheme on York Way, next to King’s Cross station in London.
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Great Portland Estates in Oxford Street property swap
21 February 2011
Great Portland Estates has completed a property swap on London’s Oxford Street to enable a retail and office development next to one of the new Crossrail stations.
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Invista on verge of £34m disposals
18 February 2011
Invista European Real Estate Trust said today that three of its assets were under offer at a total price of £33.5 as part of an accelerated disposals process.
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Google agrees €99.9m Dublin office buy in NAMA first
17 February 2011
Google has agreed to buy Dublin’s tallest office building from Real Estate Opportunities for €99.9m.
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UK Commercial Property Trust buys £50m Leicester retail park
15 February 2011
UK Commercial Property Trust, the UK’s largest property investment trust, has bought the St George’s Retail park in Leicester for £49.9m.
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British Land buys £30m shopping centre as it reports 4.4% NAV growth
15 February 2011
British Land has bought a shopping centre in the south-west of England for £30m and reported net asset value growth of 4.4% in the last quarter of 2010.
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Aviva buys West End office
14 February 2011
Aviva Investors UK Real Estate Recovery Fund has purchased the freehold of 10 -11 Great Newport Street, in London’s West End for £10.25m.
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£590m of central London property brought to the market
14 February 2011
Two major City of London properties have been brought to the market valued at just under £600m.
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Hammerson buys shopping centre south of Paris
11 February 2011
Hammerson has bought a shopping centre near Paris that requires reconfiguring.
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Threadneedle to buy New York portfolio
11 February 2011
Threadneedle has placed under offer the New York portfolio of 156 high street banks and offices for around £90m, representing a yield of around 6.6%.
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Glasshouse Group secures £7.5m Barclays loan
11 February 2011
Barclays Corporate has provided a £7.5m to property investor Glasshouse Group.
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Barclay brothers put The Cavendish up for sale
11 February 2011
The Cavendish Hotel on Jermyn Street has been put up for sale by the Barclay brothers for around £240m.
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£120m to be spent in City
11 February 2011
Hines to splash £95m and LaSalle £35m on offices
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IM and Allied London spin-off
11 February 2011
New joint venture vehicle to buy £45m of retail and leisure assets at Manchester’s Spinningfields
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Cornerstone buys former Morris property out of LPA receivership
10 February 2011
Cornerstone Real Estate Investors has bought 2 Brewery Wharf in Leeds city centre for £5m.
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Grafton Advisors hires DTZ surveyor following US tie-up
10 February 2011
Grafton Advisors has hired a senior DTZ surveyor following its tie-up with US-based Aion Partners to spend £1bn in the UK.
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Moorfield completes Leeds LPA receivership buy
10 February 2011
Moorfield Group has bought a £48m mixed-use block in the centre of Leeds, West Riding House, as revealed by Property Week (03.12.10).
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Hammersmith & Fulham council confirms eight property sales
9 February 2011
Hammersmith & Fulham Borough Council has approved plans, first revealed by Property Week (07.01.11), to sell eight council buildings in a bid to reduce its historic £133m debt.
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Berlin pulls $4bn property sale to UK fund
9 February 2011
Berlin city council has pulled out of talks to sell its real estate management firm, Berliner Immobilien Holdings GmbH, to a UK fund.
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Oak asks investors to say Yes!
9 February 2011
AIM-listed property company Oak Holdings is trying to raise new equity, two weeks after Rotherham council withdrew its support for the £350m Yes! “entertainment resort” in Rotherham.
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Quintain continues fund management progress
9 February 2011
Quintain said this morning it was on track to hit its targest of £1.25bn of funds under management by the year end.
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Capital & Regional makes first purchase since 2007
9 February 2011
Capital & Regional has exchanged contracts to buy the Waterside Shopping Centre in Lincoln, its first purchase since 2007, as tipped by Property Week.
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Akkeron buys 10 hotels
4 February 2011
Akkeron Hotels has today bought 10 hotels from the administrators of Butterfly Hotels and Crowne Hotels.
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Sell commercial property early this year, says Gresham Down
3 February 2011
Commercial property owners should sell early this year, Gresham Down Capital Partners has advised.
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Carlyle buys Swedish centres from Boultbee
2 February 2011
Carlyle Group has bought the Gallerian and Punkt shopping centres in Sweden from Boultbee.
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Plantation sale continues in spite of opposition
1 February 2011
The borrowers and debt servicer of £435m of debt secured against Plantation Place in the City of London will seek to push on with the sale of the building, in spite of opposition from Jamie Ritblat’s Delancey.
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Helical buys Leicestershire shopping centre
1 February 2011
Helical Bar has completed £23m of investment property deals
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Greene King spends £55.8m on gastro-pubs chain
31 January 2011
Greene King has bought a chain of regional gastro-pubs for £55.8m.
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Kettering's Newlands comes to the market
28 January 2011
The Newlands shopping centre in Kettering is set to come to the market in the next couple of weeks.
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DTZ Research: Asia Pacific Investment Market Update - Q4 2010
27 January 2011
Total commercial real estate investment transactions fell only marginally, by 2%, in the final quarter of 2010 to reach US$37bn. Activity across the region remained constant despite the introduction of cooling measures in several countries aimed at the residential sector.
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Corestate sells €39m German resi portfolio
27 January 2011
Specialist private equity investor Corestate has sold a portfolio of Berlin apartments for €39m.
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CSC wins shareholder support for £1.6bn Trafford Centre purchase
26 January 2011
Capital Shopping Centres this afternoon won overwhelming support from its shareholders for the £1.6bn purchase of Manchester’s Trafford Centre.
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Rockspring opens Netherlands office
26 January 2011
Rockspring Property Investment Managers has opened its first office in the Netherlands and appointed Laurien Van Wieringen to head it up.
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AXA frontrunner for 20 Gresham Street
25 January 2011
AXA Real Estate Investment Manager is close to exchanging contracts to buy 20 Gresham Street in the City of London for around £200m.
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Vico secures Canary refinancing from new UK lenders
24 January 2011
Irish property investment manager Vico Capital has secured a £107m refinancing of its office building at 17 Columbus Courtyard in Canary Wharf, with new lenders entering the UK market.
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London investment up 50% in 2010
24 January 2011
Investment transactions in the West End rose 115% in 2010 compared with the previous year, according to new figures.
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Barclay brothers take Claridge’s stake
24 January 2011
Sir David and Sir Frederick Barclay are understood to have bought a quarter stake in Maybourne Hotel Group, which owns the Berkeley, Claridge’s and the Connaught in London.
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US insurer lands Grosvenor Place
21 January 2011
Beacon Capital’s property is debut deal for WR Berkley
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European investment to hit €123bn this year, DTZ says
20 January 2011
Investment in European commercial property will increase by 28% in 2011, bringing it close to the €125bn ten-year average, research from DTZ has shown.
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Henderson Global investors sells Parisian office
20 January 2011
Henderson Global Investors has sold a Parisian office building for €19.5m
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£450m Plantation Place sale set to continue
19 January 2011
A group of investors that bought bonds secured against Plantation Place in the City of London said today it wanted to press on with an open-market sale of the property, in spite of opposition to the plan from Delancey.
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Crown Estate buys £34m SW1 lease
19 January 2011
Invista Real Estate Investment Management has sold the 73-year leasehold interest in 10 Spring Gardens in London’s St James’s to the Crown Estate, which owns the freehold, for £34m. The sale reflects a yield of 6.7%.
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JLL: Global transaction volumes totalled $316bn in 2010
19 January 2011
The amount of commercial real estate transacted last year was $316bn, which was more than 50% higher than in 2009, according to Jones Lang LaSalle.
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ProLogis buys two warehouses in France
18 January 2011
ProLogis has bought two logistics warehouses in France from the Simply Market supermarket chain for €30m on behalf of ProLogis European Properties Fund II.
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Brum deal for Salmon Harvester
18 January 2011
Salmon Harvester Opportunity Fund has bought 1 Victoria Square in Birmingham from Serviced Office UK for £17.5m, as tipped by Property Week.
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Invesco completes £17m Bromley buy
18 January 2011
Investment manager Invesco Real Estate has completed its first purchase for its third UK fund. It has bought a 104,026 sq ft retail property in Bromley, south-east London for £17.05m.
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Corestate appoints former Terra Firma man as chief executive
18 January 2011
Private equity real estate investor Corestate Group has appointed Phillip Burns as chief executive.
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Capital & Regional completes £50m Bristol sale
17 January 2011
Capital & Regional’s Mall Fund has completed the £50.2m sale of The Galleries shopping centre in Bristol to HSBC European Active Real Estate Trust, as revealed by Property Week.
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Metric Property Investments buys in Bristol
17 January 2011
Metric Property Investments has bought a 63,000 sq ft Bristol retail park for £6.25m.
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Blackmore buys Hilton hotel at Exeter Airport
14 January 2011
Blackmore Capital had made its second investment for its Branded Commercial Opportunities Fund, buying the Hampton by Hilton hotel at Exeter Airport.
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Norges Bank chief explains £15bn property strategy
13 January 2011
Karsten Kallevig, global head of real estate asset strategy at Norges Bank Investment Management (NBIM), explains his strategy for deploying more than £15bn on property over the next four to eight years - starting in London.
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Agreement signed in £452m Regent Street deal
13 January 2011
Norges Bank, which manages the Norwegian Government Pension Fund Global, today signed an agreement to purchase a 25% stake of the Crown Estate’s Regent Street portfolio.
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Private investor buys South Mundells estate
11 January 2011
A private investor has bought South Mundells business park in Welwyn Garden City for £3.44m, reflecting a net initial yield of 9.92%.
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Threadneedle buys in Avonmouth
11 January 2011
Threadneedle has bought the IO Centre, Bristol from the Church Commissioners for £7.1m, reflecting a net initial yield of 7.4%.
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Midweek Bulletin: Simon looking foolish and the iPad revolution is here
11 January 2011
Property Week editor in chief Giles Barrie and executive editor James Whitmore discuss the breakdown of Simon Property Group’s bid for Capital Shopping Centres and introduce the latest member of the Property Week family - our iPad app.
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Madejski sells Station Hill to Benson Elliot and Stanhope
11 January 2011
The £400m Station Hill development in Reading has been bought by a joint venture between private equity firm Benson Elliot and Stanhope, whose involvement was tipped by Property Week.
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Lime Property Fund bags £114m of deals
10 January 2011
Aviva Investors’ Lime Property Fund has completed four investment transactions totalling £114m.
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Azure sells last petrol station in £200m portfolio
10 January 2011
Azure Property, the joint venture between Palmer Capital and RREEF Alternative Investments, has sold the last property in its 104 petrol station portfolio bought in 2005.
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Free white paper: Empty property - Protect and Survive
10 January 2011
Owners of more than three-quarters of UK properties are at risk if their building is extensively damaged, because they don’t have the right insurance. And even worse, they don’t know they’re at risk.
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Mountgrange buys in Poole
10 January 2011
Mountgrange Investment Management has bought a Poole industrial estate for £24m.
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Aerium sells €210.5m Parisian portfolio
10 January 2011
European property fund manager Aerium has sold a portfolio of Parisian offices for €210.5m.
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Henderson buys €35m Spanish retail park
10 January 2011
Henderson Global Investors has bought a retail park in the north-west of Spain for €35m.
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Hansteen Property Unit Trust makes second major purchase this week
7 January 2011
Hansteen Property Unit Trust (HPUT) has completed the purchase of one of the largest industrial parks in south Wales in its second major purchase this week.
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Aviva buys £36m superstore
7 January 2011
Aviva Investors has bought a Sainsbury’s superstore in Macclesfield for £36m.
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Chiswick spark: Blackstone to buy £480m office park
7 January 2011
Blackstone beats London & Stamford to buy west London business park for £480m
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British Land confirms £240m Drake Circus buy
6 January 2011
British Land has this morning confirmed the £240m purchase of the Drake Circus shopping centre in Plymouth, as revealed by Property Week.
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Winfield and Leach quit Cushman & Wakefield
5 January 2011
Two senior investment agents at Cushman & Wakefield, Peter Winfield and James Leach, have left the firm.
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Reading's Adelphi House bought by F&C Reit
5 January 2011
F&C Reit has bought Adelphi House in Reading for its UK Property Fund. The 29,792 sq ft office building was bought for £7.29m at a net initial yield of 7.65%.
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Grosvenor raises £80m and refinances £650m Liverpool One
5 January 2011
Grosvenor Fund Management has raised around £80m of equity and put in place a debt facility for its 1.6m sq ftLiverpool One retail scheme.
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Canada Life buys in Sheffield for £24m
4 January 2011
Canada Life has bought 1 St Paul’s Place, an office and retail block in Sheffield, for £24m from Standard Life Investments.
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BNP Paribas REIM buys €27.2m Milan store
4 January 2011
BNP Paribas REIM has bought a 100,000 sq ft Milan shop for €27.2m (£23.3m).
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Hansteen picks up Brum business park
4 January 2011
Saltley Business Park in Birmingham has been bought for £23.3m by Hansteen Property Unit Trust from LPA receivers acting for Lloyds.
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Pamera to let Frankfurt office scheme
31 December 2010
Pamera Asset Management, a newly formed German real estate company, has been appointed by LaSalle Investment Management on the letting of one of the Frankfurt’s most prestigious office developments, the 49,500 sq ft Borsentor scheme.
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The biggest property stories of 2010...who made the list?
31 December 2010
Almost two million of you (1,940,040) visited PropertyWeek.com during 2010 - looking at a combined total of more than 10 million pages….but what were you looking at?
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Brainspark 'close to construction' on Italian theme park
31 December 2010
Investment firm Brainspark has announced it is close to starting construction on Mediapolis, an Italian theme park with an outdoor theatre, a shopping centre and a four-star hotel, now that contractors have been appointed.
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Cosgrave offloads £95m Oxford Street site
30 December 2010
A private investor is understood to have bought 301-307 Oxford Street in London from Irish investor Cosgrave for around £95m.
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Boston’s John Hancock Tower sold for $930m
30 December 2010
The 1.7m sq ft John Hancock Tower in Boston, USA, has been sold for $930m (£600m) to Boston Property, a real estate investment trust.
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Park Plaza in £21m London hotels deal
30 December 2010
Park Plaza Hotels is to pay £21m for full ownership of three London hotels, funded by a placement of shares on AIM tomorrow.
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Highcroft buys £1.5m Leamington shed
30 December 2010
Rodenhurst Estates, a subsidiary of Highcroft Investments, has bought three units in Leamington Spa for £1.47m.
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CBRE completes €80m sale and leaseback of Spanish TV headquarters
29 December 2010
CB Richard Ellis has completed the €80m (£68m) sale and leaseback of the headquarters of the largest provider of digital pay television in Spain, Distribuidora de Television Digital S.A.U. (DTS).
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US shopping centre portfolio acquired for $75m
29 December 2010
A portfolio of seven shopping centres across the US has been acquired for $75m.
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Cap & Reg confirms sale of Bristol Galleries for £50m
24 December 2010
Capital & Regional has confirmed the sale of Bristol’s Galleries shopping centre to HSBC’s European Active Real Estate Trust, as revealed by Property Week on November 26.
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Segro confirms £27.7m Welsh industrial sale
24 December 2010
Segro has confirmed the sale of Wales’s biggest industrial estate, as revealed by Property Week on December 10.
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Malaysians exchange on £148m Fleet Street buy
23 December 2010
The Malaysian Employees Provident Fund this morning exchanged contracts to buy 65 Fleet Street from Union Invest for £148m.
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Council picks up Targetfollow’s £100m Stockport development site
22 December 2010
Stockport Council is set to buy the Grand Central leisure complex in Greater Manchester from the collapsed subsidiaries of property company Targetfollow, under plans to attract £100m of private money for its redevelopment.
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Hermes cancels Bluewater stake sale
22 December 2010
Hermes Real Estate has unexpectedly cancelled the sale of its sale of a 7.5% stake in the Bluewater shopping centre in Kent, propertyweek.com can reveal.
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Loch Lomond golf club to be bought by members
22 December 2010
Loch Lomond Golf Club in Scotland, whose members include Prince Andrew and Sir Sean Connery, is close to being bought out of administration by its 800 members.
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AEW and Tristan buy Polish shopping centre for £78m
22 December 2010
European Property Investors Special Opportunities Fund has bought the Jantar Shopping Centre in Poland for around €92m (£78.3m). The fund is co-advised by AEW Europe and Tristan Capital Partners.
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Vaskronan buys £400m property in Stockholm
22 December 2010
Vasakronan has bought Blåmannen 20 in Stockholm, also known as “Klara Zenit”, for SEK 4.35bn (£414m) from HausInvest, in Sweden’s largest ever single-asset property deal.
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Henderson to develop Silver Hill after Thornfield purchase
22 December 2010
A 600,000 sq ft stalled development in Winchester will be brought back to life after Henderson Global Investors bought the project’s owning companies. The scheme could now be completed in 2015.
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British Land and Oxford Properties agree Cheesegrater JV
22 December 2010
British Land and Oxford Properties have agreed a 50/50 joint venture to develop the 610,000 sq ft Leadenhall Building, nicknamed “The Cheesegrater”, in the City of London.
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Lend Lease renews Bluewater fund and looks for buying opportunities
21 December 2010
Lend Lease has extended the life of the £629m Lend Lease Retail Partnership fund, which owns a 25% stake in the Bluewater Shopping Centre in Kent, and is set to make acquisitions for the first time in several years.
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Knight Frank recruits retail investment head from CBRE
21 December 2010
Knight Frank has recruited Bruce Nutman as partner to head up its retail investment business.
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Demand for secondary retail grows says DTZ
21 December 2010
Investors’ appetite for good secondary retail assets has grown in the last quarter, according to research from DTZ.
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Nama picks up €70bn of property loans
21 December 2010
Ireland’s National Asset Management Agency confirmed last night that it had taken on 11,000 loans worth €70bn from Ireland’s biggest property companies.
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Kungsleden swoops on NR Nordic’s £460m assets
21 December 2010
Property company NR Nordic & Russia is poised to sell its £460m property holdings to Swedish firm Kungsleden.
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Delancey acquires portfolio backed by £900m RBS loan
20 December 2010
Jamie Ritblat’s Delancey today completed its purchase of a portfolio backed by a £900m Royal Bank of Scotland loan from Glenn Maud’s Propinvest.
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PWTV: Inside JP Morgan's Bank Street deal
20 December 2010
JP Morgan’s purchase of 25 Bank Street in Canary Wharf, plus its continued commitment to develop a scheme at Riverside South in the financial district, and its purchase of 60 Victoria Embankment in the City, today gave a major boost to London as a global financial centre.
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JP Morgan also buys 60 Victoria Embankment
20 December 2010
JP Morgan has bought 60 Victoria Embankment in the City, an office that was once valued at £350m.
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Hussey fires £120m shot at Targetfollow’s Centre Point
20 December 2010
Former Land Securities executive Mike Hussey’s Almacantar is agreeing heads of terms with Deloitte to buy Centre Point in London’s West End for £120m.
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Olympic Village bidders announced
17 December 2010
A shortlist of nine bidders for the Olympic Village has been announced by the Olympic Delivery Authority.
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Balaji buys St Helen's hotel out of administration
16 December 2010
Balaji Hotels has bought the Park Inn St Helen’s out of administration.
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DevSecs buys in Burnley
16 December 2010
Development Securities has bought a Burnley leisure park for £4.025m.
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Hammerson poised to buy St Martins retail assets for around £250m
15 December 2010
Hammerson is poised to buy six of the retail assets in the St Martins portfolio.
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Primary Health buys in Scotland
15 December 2010
Primary Health Properties has bought a medical centre in South Queensferry, Scotland, for 4.35m.
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Helical Bar buys Suffolk shopping centre out of administration
15 December 2010
Helical Bar has exchanged contracts to buy The Guineas Shopping Centre in Newmarket, Suffolk for £17.75m.
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Hammerson completes £557m Bishops Square disposal
15 December 2010
Hammerson today announced the completion of the sale of its Bishops Square office building in the City, owned in a 25:75 joint venture with the state of Oman, to JP Morgan Asset Management for £557m.
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IPD: values increased 0.1% in November
14 December 2010
UK commercial property values continue to stall, rising by just 0.1% in November.
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Metric buys Welsh retail park
14 December 2010
Metric Property Investments has bought a Welsh retail park from Land Securities for £14.4m.
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53-59 Chandos Place sold for £17m
13 December 2010
A 19,500 sq ft office block in the West End has been sold to a private French investor for £17.3m.
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Aberdeen and LaSalle invest in strategic land fund
13 December 2010
Aberdeen Asset Management and LaSalle Investment Management have invested in Welbeck Land’s £45m strategic land fund.
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Henderson Global Investors acquires FedEx distribution unit in Newcastle Under Lyme
13 December 2010
Henderson Global Investors has bought a 103,000 sq ft distribution unit from a private investor for £6.34m.
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Gulf’s greatest goal
10 December 2010
Qatar prepares to greet the world after winning the bid to host the 2022 World Cup, concluding a stellar year of property success
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LaSalle buys £53m shopping park
9 December 2010
LaSalle Investment Management has bought the Arena Shopping Park in Haringey for £53m, reflecting a net initial yield of 5.34%.
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Praxis sells £26m portfolio
8 December 2010
Praxis Holdings has sold a portfolio of five UK offices to an overseas investor for around £26m.
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IPD appoints new head for France & southern Europe
8 December 2010
Stephanie Galiègue has been appointed managing director of IPD France & Southern Europe.
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Floating hotel at former coal jetty touted by auctioneer
8 December 2010
A former London coal jetty is being marketed as a berth for a floating hotel to help meet the shortage of hotel beds ahead of the 2012 Olympics.
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Allsop hits 80% sale rate at December auction
8 December 2010
Cash-rich foreign buyers and new Far Eastern investors helped Allsop drive its sale rate back to 80% at its last commercial auction of the year yesterday.
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Kadoories to pick up 25-27 St George’s Street
8 December 2010
A wealthy Hong Kong family is poised to buy 25-27 St George Street in the West End for around £70m from Aegon Asset Management, as tipped by Property Week last Friday.
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Hermes buys Westcore from Segro
8 December 2010
Hermes has bought the Westcore portfolio from Segro for £79.6m at a yield of 7.35%, as tipped by Property Week.
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Great Portland Estates confirms £42.5m West End purchase
7 December 2010
Great Portland Estates has confirmed its purchase of the long leasehold at 20 St James’s Street in London’s West End, as revealed by Property Week yesterday.
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L&G sells Walbrook Square leasehold to Bloomberg for new HQ
6 December 2010
Legal & General today confirmed that it has sold a long-leasehold interest on its Walbrook Square development scheme to media company Bloomberg, which will develop a 500,000 sq ft headquarters on the City site.
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Highcross pays £16.3m for Silverburn House in Aberdeen
6 December 2010
Highcross has bought Silverburn House in Aberdeen for £16.27m. The deal reflects an initial yield of 10.03%, rising to 11.08% in 2012.
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Great Portland buys £40m St James’s Street office
6 December 2010
Great Portland Estates has placed 20 St James’s Street in London’s West End under offer for around £40m, PropertyWeek.com can reveal.
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Invista: UK Commercial Property Market Overview - Q3 2010
6 December 2010
Income expected to drive returns over the medium term, meaning that valuations of better-quality property could prove surprisingly stable.
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DTZ Fair Value Index - Q3 2010
6 December 2010
The DTZ Fair Value Index (FVI) score for the UK rose to 48 in Q3, indicating that there are, on balance, better investment prospects than in Q2, when the score was 38.
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Terrace Hill in £53.5m Victoria sale
6 December 2010
Terrace Hill has sold 129 Wilton Road in London’s Victoria for £53.5m to Cordea Savills’ European Commercial Fund.
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L&G to rock on £305m Rolls
3 December 2010
Legal & General Property is set to buy the Rolls Building on Fetter Lane in London for £305m.
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Moorfield rides into £48m Leeds asset
03 December 2010
West Riding House tower block to be bought out of receivership
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Aerium completes £181m 40 Portman Square sale to Malaysians
2 December 2010
The Malaysian Employees Provident Fund, through ING Real Estate Investment Management, has completed the £181m purchase of 40 Portman Square, as tipped by Property Week.
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Plantation Place set for sale
2 December 2010
The consortium that owns the 550,000 sq ft Plantation Place office building in the City is exploring a sale of the property in order to pay down a £448m debt pile.
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Axa announces plans for speculative City office scheme
2 December 2010
Axa Real Estate Investment Managers has announced plans to speculatively develop a 215,000 sq ft City of London office scheme.
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USS buys Savoy Court for £45m
30 November 2010
Redevco has sold Savoy Court, an office block in London’s West End, to the Universities Superannuation Scheme (USS) for £45m, representing an initial yield of 6.25%.
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Moore to step down as Prupim chief
30 November 2010
Martin Moore is stepping down as head of Prupim.
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Scott becomes Grosvenor trustee
30 November 2010
Alexander Scott has been appointed to replace Lord Home as a trustee of the Grosvenor Estate.
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Midweek Bulletin: Shaftesbury shake up and Capital Shopping Centres sale
30 November 2010
Giles Barrie, Property Week editor, and James Whitmore, deputy editor, look at the big sotires being talked about this week - including Jonathan Lane, founding chief executive of central London REIT Shaftesbury, announcing he is to retire next year and Simon Property’s interest in Capital Shopping Centres.
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Unite transfers £144m of student housing to fund
29 November 2010
Student accommodation developer Unite has sold £144m of assets into its UK Student Accommodation Fund.
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CB Richard Ellis Marketview: EMEA Rents and Yields - Q3 2010
26 November 2010
“This report is designed to provide our clients with an immediate view on prime rents markets and sectors in the region as at the end of the quarter.
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Minister to announce £500m of new money for Olympic Park infrastructure after Games
25 November 2010
Thames Gateway minister Bob Neill will today announce that the government has found £500m of new money to invest in physical infrastructure in the Olympic Park and surrounding boroughs after the Games in 2012.
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Curtis to manage Grosvenor Liverpool Fund
24 November 2010
Grosvenor has appointed Sarah-Jane Curtis as fund manager of the Grosvenor Liverpool Fund.
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British Land and USS poised to buy Drake Circus for £230m
19 November 2010
British Land and Universities Superannuation Scheme (USS) are poised to buy the Drake Circus Shopping Centre in Plymouth for more than £230m.
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Henderson set to rescue Silver Hill scheme
19 November 2010
Henderson Global Investors is understood to be in detailed negotiations to take over Thornfield Properties’ stalled Silver Hill scheme in Winchester.
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Metric buys Scottish retail park
17 November 2010
Metric Property Investments has exchanged contracts to buy a retail park in north east Scotland for £10.3m.
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British Land reports modest NAV growth
16 November 2010
British Land delivered an unremarkable set of half-year results today and committed to London’s largest office development programme.
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Max reports small NAV increase
16 November 2010
Max Property Group increased its net asset value by 4% in the six months to 30 September.
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IPD: values rose just 0.1% in October
12 November 2010
UK commercial property delivered a 15th consecutive month of positive capital growth in October, albeit at just 0.1%, according to the latest IPD UK Monthly Index.
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MEPC sells Leavesden studios to Warner Bros
12 November 2010
MEPC has completed the £22m sale of part of its 300-acre Leavesden Park near Watford to Warner Bros.
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Pembroke set to buy 41 Lothbury
12 November 2010
Pembroke Real Estate, the company that invests in property on behalf of the owners of giant fund manager Fidelity Investments, is under offer to buy 41 Lothbury in the City from Glenn Maud’s Propinvest.
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MAPIC 2010: The Crown Estate's Shaw exchanges on its £450m Norwegian Regent Street deal
12 November 2010
The Crown Estate has exchanged contracts on the £450m sale of a 25% stake in Regent Street to Norway’s Government Pension Fund Global, and David Shaw spoke to Property Week about the deal.
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Grosvenor Fund Management and Vega buy "The North"
10 November 2010
Grosvenor Fund Management and Vega Wharlock Properties, a retail property investment and fund management group has bought “The North” retail development for its Grosvenor Vega - China Retail Fund.
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Tritax investors make 20% return from Bucks office sale
10 November 2010
Tritax, the property syndicator and manager, has achieved a 20% profit for investors from the sale of the InterContinental Hotels Group global headquarters in Denham, Buckinghamshire.
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Union buys Glasgow’s Equinox building
10 November 2010
Union Investment has acquired the Equinox Building in Glasgow for its open-ended real estate fund UniImmo: Deutschland.
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Tice appointed CEO of CLS Holdings
10 November 2010
Richard Tice is to become CEO of European secondary office investor CLS Holdings at the beginning of next year.
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£450m Chiswick Park sale
8 November 2010
The fund that owns the Chiswick Park business park has put the scheme up for sale for £450m.
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St James's Hotel and Club sold
5 November 2010
The St James’s Hotel and Club has been bought by Far Eastern-based investors for around £60m.
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McCready: property vehicles to be publicly owned (video)
5 November 2010
The government wants to keep its property vehicles in public ownership, Property Unit chief John McCready has told Public Property UK.
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Rockspring buys industrial estate near Heathrow
5 November 2010
Rockspring’s Hanover Property Unit Trust has bought the Court Lane Industrial Estate in Iver, Buckinghamshire, for £12.6m.
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Co-operative refinances Ladysmith shopping centre
5 November 2010
The Co-operative Bank has provided a £36m loan to refinance the Ladysmith Shopping Centre in Greater Manchester.
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Unite reveals ambitious development plans
5 November 2010
Unite Group has a construction pipeline of 2,300 student beds in London between 2012 and 2014, according to its latest interim management statement.
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London & Stamford buys £82m distribution portfolio
5 November 2010
London & Stamford has bought the £82m Lojix distribution portfolio from Harbert Management Corporation.
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Pentagon portfolio sold for £36.5m
05 November 2010
Aviva Investors has sold a portfolio of five south east offices to Knight Frank Investors for £36.5m, reflecting a net initial yield of 9.5%.
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Evans Randall completes Drapers Gardens buy
4 November 2010
Evans Randall yesterday completed the £242.5m purchase of the Drapers Gardens office complex in the City of London.
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£1.3bn bank HQ sell off
4 November 2010
The London headquarters of two of the world’s largest investment banks have been are set to be put up for sale.
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Standard Life Investments buys £13.8m car park
4 November 2010
Standard Life Investments has bought a Sheffield car park for £13.8m.
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Norwegian fund buys £448m stake in Regent Street
4 November 2010
The Crown Estate is to join forces with the managers of the Norwegian Government Pension Fund Global in a new £1.8bn Regent Street partnership.
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Wereldhave set for return to UK retail with £80m Poole buy
3 November 2010
Dutch property investment company Wereldhave has emerged as front runner to buy Grosvenor’s Dolphin shopping centre in Poole for more than the £80m asking price.
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HSBC buys final phase of Yorkshire scheme
3 November 2010
HSBC’s European Active Real Estate Fund has bought the final phase of Valad and Shepherd Developments’ West Moor Park Development in Doncaster.
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CSC sees operations improve
3 November 2010
Capital Shopping Centres this morning revealed improved operational performance, in spite of the uncertainty in the wider economy.
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Podcast 30: CoStar reveals results of its London Inventory project and investors get a 'heads up' on what's hot
3 November 2010
Hear what CoStar is doing through its London Inventory Project to calculate the true vacancy rate in the capital - also, Richard Hunter of Hargreaves Lansdown looks at where investors should target their efforts in the coming months and years.
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Moorfield and Resonance make first JV purchase
2 November 2010
Moorfield and Resonance Capital have bought SkyPark in Glasgow from Kenmore Property Group and Paradigm Real Estate Managers for £54m, representing a yield of 10%.
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Land Securities is front runner for Dundee's Overgate
2 November 2010
Land Securities is front runner to buy Overgate shopping centre in Dundee for more than its £130m asking price.
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Wainbridge completes fundraising for UK debut
2 November 2010
Wainbridge Capital Limited has completed the first close of its debut real estate fund, Wainbridge Global Opportunities London.
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Mayfair Capital takes property fund past £100m
2 November 2010
Mayfair Capital Investment Management has bought two industrial properties in Langley, Berkshire, for £7m, taking assets under management for its charity fund past £100m.
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CLS completes West London buy
2 November 2010
European property investment company CLS Holdings has completed the purchase of a 98,869 sq ft office in New Malden, west London.
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Elystan Capital Advisers buys office in Munich
1 November 2010
Elystan Capital Advisers has bought a 65,000 sq ft office building in Riem, Munich from a private investor for an undisclosed price.
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Piccadilly Estate deal collapses
1 November 2010
The sale of the 1.3 acre Piccadilly Estate in London’s West End has collapsed and will be remarketed from today.
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Development Securities buys former Kemsley assets
27 October 2010
Development Securities has bought a mixed portfolio of 14 assets for £23.3m from the Rock Group of companies.
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Area Property Partners in talks to buy Hermes stake in X Leisure
27 October 2010
Bill Benjamin’s Area Property Partners is in talks to take Hermes Real Estate’s 30% shareholding in leisure park fund X Leisure.
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Westfield in talks to sell stake in Stratford mall
25 October 2010
Westfield is in talks to sell a stake in its £1.5bn Stratford City shopping centre in east London.
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Valad sells final phase of Woolwich io Centre
25 October 2010
Valad has sold the final phase of its £33m, 375,000 sq ft io Centre in Woolwich. The last remaining unit has been bought by Faircloth.
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Acuitus sells 52% for £17.3m at autumn auction
25 October 2010
Acuitus raised £17.3m from 29 lots at its autumn auction last week, selling 15 lots to achieve a sale rate of 52%.
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Aberdeen to wind up €1.3bn fund
22 October 2010
Fund manager Aberdeen is to liquidate a European €1.3bn property fund managed by subsidiary Degi, a German open-ended fund.
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Targetfollow proposes £150m lifeline
22 October 2010
Property developer Targetfollow said this morning that it had lined up a deal with a new investor to pump £150m into the business.
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ProLogis confirms $1bn sale to Blackstone
22 October 2010
ProLogis has sold a North American industrial portfolio, its interest in a hotel and interests in three of its property funds to Blackstone for $1.02bn.
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Delek Real Estate sells 1 Croydon
22 October 2010
Delek Real Estate and Major Belle have sold the 1 Croydon building in south London to an unknown buyer for £31m.
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The Property Archive: UK Property Investment Bulletin - Q3 2010
22 October 2010
There has been selective movement in yields with the industrial and retail warehouse sectors moving out and the retail and office sectors moving in as the graph below shows.
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Meyer Bergman teams up for £100m Mayfair buy
22 October 2010
European real estate investment and fund management firm Meyer Bergman is thought to have teamed up with Thor Equities to buy the £100m Burlington Arcade in Mayfair.
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Carlyle agrees BSI Tower sale
22 October 2010
Carlyle Group is making its first disposal from the £670m Thames portfolio, by selling the BSI Tower in Chiswick to US private equity investor Harbert and developer and asset manager Canmoor
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Cushman poaches Asia-Pacific capital markets MD from DTZ
21 October 2010
Cushman & Wakefield has poached its new managing director for Asia Pacific capital markets from DTZ.
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Berkeley Group looking at second residential fund
21 October 2010
Berkeley Group is working up plans to bring housing on several of its current development sites together for a second residential investment fund.
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Invista buys on Borough High Street
21 October 2010
Invista Real Estate Investment Management has bought a property on Borough High Street in central London for £5.75m.
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Former WP Carey foursome set up sale-and-leaseback firm
20 October 2010
Four former executives at WP Carey have set up a company to carry out sale-and-leaseback property deals.
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Cushman poaches CBRE investment star
19 October 2010
Cushman & Wakefield has hired a senior CB Richard Ellis man to lead its capital markets business.
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DJ Deloitte poaches DTZ’s Simon Williams
19 October 2010
DJ Deloitte has recruited former DTZ and Donaldsons partner Simon Williams as a partner in its capital markets team heading up retail investment and central government procurement.
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Investment in European property in 2010 surpasses that of last year
19 October 2010
Investment in commercial real estate across Europe in 2010 has reached €63.6bn, surpassing last year’s total volume of €62.4bn, according to DTZ Research.
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Property big hitters back Osborne’s cuts
18 October 2010
Companies including Max Property and Hammersonhave given public backing to the £83bn cuts due to be announced by chancellor George Osborne on Wednesday.
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Development Securities to buy former Kemsley assets
15 October 2010
Development Securities is in talks to buy part of Paul Kemsley’s former property empire
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Cowell Group buys Hilton London Hyde Park hotel
14 October 2010
Cowell Group has also completed on the purchase of Hilton London Hyde Park, as first revealed by Property Week.
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Boston skyscraper sold for $930m
13 October 2010
Boston’s tallest skyscraper is being sold to the real estate tycoon and newspaper publisher Mort Zuckerman’s company for $930m.
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Savills acquires CBRE team to open second Swedish office
13 October 2010
Savills is to open a second office in Sweden after acquiring a four-strong team from CB Richard Ellis.
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Pears and LaSalle buy £131m Notting Hill Estate
13 October 2010
William Pears Group and LaSalle Investment Management have bought London’s Notting Hill Estate from Land Securities and Delancey for £131m..
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First Property Group fund makes debut purchase
13 October 2010
First Property Group has made its debut purchase for a new opportunity fund.
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Targetfollow wins two week reprieve
12 October 2010
The administration process for property company Targetfollow has been adjourned and delayed for two weeks, a court heard today.
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Metric buys Congleton park
12 October 2010
Metric Property Investments has exchanged contracts to buy Congleton Retail Park in South Manchester from North West based investor and developer, Bluemantle, for £14.8m.
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Rockspring makes student housing debut
12 October 2010
Rockspring Property Investment Managers has made its debut student accommodation purchase.
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Cooper-Parry to leave CBRE for Savills
8 October 2010
Peter Cooper-Parry, head of portfolio investment at CB Richard Ellis is leaving to join rival Savills.
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LSE snaps up Land Registry Office Building for £37.5m
8 October 2010
London School of Economics is set to buy the Land Registry Office building in central London for £37.5m.
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Peabody accepted by Crown for key worker estates
7 October 2010
The Peabody Trust is the frontrunner to buy four key worker estates in London which were put up for sale by the Crown Estate.
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Scottish and Southern Energy buy Glasgow office
7 October 2010
Scottish and Southern Energy has bought an office block in the heart of Glasgow city centre for its new base in the city.
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Saga goes gaga for Hastings office
7 October 2010
Saga Group is planning to buy a 45,000 sq ft office in Hastings to house a new customer support centre.
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Arab Investments aims for £60m West End sale
7 October 2010
Arab Investments is looking to sell 10 Stratton Street in the West End for in excess of £60m.
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Invesco launches second European hotel fund
7 October 2010
Invesco Real Estate today launched a second European hotel fund with an exclusivity agreement to purchase a €168m seed portfolio.
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M3 Capital Partners buys service stations
6 October 2010
M3 Capital Partners, the real estate investment banking group, has bought a portfolio of motorway service station out of administration.
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EXPO REAL: Allianz plans to increase allocation to real estate to €30bn
6 October 2010
Allianz, the German insurer, plans to increase its allocation to real estate to €30bn.
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Former CPC Group Beverly Hills site bought by Hong Kong investor
6 October 2010
A site formerly owned by Christian Candy’s CPC Group’s Project Lotus, in Beverly Hills, has been bought by a Hong Kong based investor for $350m less than CPC bought it for in the boom.
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EXPO REAL: Barrie blogs on Europe's views on Britain
6 October 2010
What was the consensus on Britain at this week’s EXPO Real investment bonanza in Munich?
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EXPO REAL: London still "most important" for investors, says CBRE
5 October 2010
London is still “the most important city in the timezone” and is attracting investors, CB Richard Ellis’s head of EMEA capital markets, Jonathan Hull, said today.
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AEW and Tristan enter Berlin residential property market
5 October 2010
EPISO, a value-added/opportunistic fund co-advised by AEW Europe and Tristan Capital Partners, has formed a joint venture with Caleus Capital Investors with plans to invest up to €300m over the next 18 months in residential investments in Berlin.
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Cushman report: Moscow is where companies want to go
5 October 2010
Moscow has been named the most favourable city in Europe for companies looking to expand, according to a survey by Cushman & Wakefield.
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EXPO REAL: French investment volumes 60% higher, Savills says
5 October 2010
French investment volumes in the first three quarters of 2010 are set to total €7.2bn – 60% higher than for the same period in 2009, research from Savills has shown.
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First Property Group sets up opportunity fund for Poland
5 October 2010
First Property Group, the AIM-listed property fund manager, has set up an opportunity fund.
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Hermes Real Estate to sell its 7.5% Bluewater stake
5 October 2010
Hermes Real Estate is to sell its 7.5% stake in Kent mega mall Bluewater.
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Rockefeller buys majority stake in Europa Capital
4 October 2010
Rockefeller Group International, the US real estate investor and developer, has returned to Europe’s property market by buying a 75% stake in fund manager Europa Capital.
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London & Stamford Property sells Aintree retail park to The Crown
1 October 2010
London & Stamford Property has sold its Racecourse Retail Park in Aintree to The Crown Estate for £101.5m, reflecting an initial yield on the sale of 5.3%
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Oxford Properties buys UBS’s 50% stake in Watermark Place
1 October 2010
Oxford Properties, the real estate arm of OMERS pension fund, has exercised its pre-emption right to purchase a 50% stake in Watermark Place from UBS.
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Evans Randall sells 10 Old Burlington Street
1 October 2010
Evans Randall has sold 10 Old Burlington Street, in London’s West End, for around £46m – £2m less than was paid for the building two years ago.
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Berkeley’s £150m London hat-trick
01 October 2010
Housebuilding supremo Tony Pidgley has pulled off a double coup, buying three sites in central London for nearly £150m
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Savills' Ireland Investment Market Report: Autumn 2010
30 September 2010
Irish investment market turnover is 95% higher for the first three quarters of 2010, compared to the same period last year.
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Hammerson completes £134m Exchange Tower sale
30 September 2010
Hammerson has completed the £134m sale Exchange Tower in London’s Docklands.
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Irish investment up 95%, Savills says
30 September 2010
Investment in the Irish property sector has increased 95% compared with 2009, research from Savills has shown.
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Deka buys €95m New York office
30 September 2010
Deka Immobilien has bought a New York office block for €95m.
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Spanish hotel group set to buy London hotel
30 September 2010
A Spanish hotel group is set to buy a half-built luxury hotel on London’s Strand.
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Development Securities sells in Grimsby
30 September 2010
Development Securities has sold it’s House of Fraser store in Grimsby for £13.15m.
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Carlyle buys B&B Hotel Group for €480m
29 September 2010
US private equity firm Carlyle has bought a chain of 223 budget hotels in Europe for €480m from European investment firm Eurazeo.
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Grosvenor puts for sale sign over £80m Dolphin shopping centre
28 September 2010
Grosvenor has put its Dolphin shopping centre in Poole up for sale.
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Where should investors put their money for the next few years?
28 September 2010
With this new age of economic austerity hanging over most of the continent and weak growth projections for many countries for years to come, where do investors put their money for the next few years?
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Asian hotel group in talks to take control of six star London hotel development
28 September 2010
KOP Group, a luxury Asian based hotel group, is set to make its UK debut and is in talks to take control of a large hotel development in London.
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Fidelity spends £85m in UK
27 September 2010
Fidelity Investment Managers has expanded its European Real Estate team and has bought five assets for its UK Real Estate Fund.
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Hines looking for record rent in Mayfair
24 September 2010
Record Mayfair office rents for this cycle are being sought with the launch of Hines’ One Grafton Street in London’s West End.
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Salmon Harvester makes Birmingham debut
24 September 2010
One Victoria Square in Birmingham has been placed under offer by Salmon Harvester Opportunity Fund for just under £18m, its first purchase in the city.
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Targetfollow seeks legal advice as Lloyds pushes for administration
24 September 2010
Targetfollow has lined up its lawyers to seek advice if its lender Lloyds forces it into administration.
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Deka sells £42m Mayfair property
23 September 2010
A part-vacant Mayfair property in London’s West End has gone under offer for around £42m.
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Fidelity buys Scotland retail
23 September 2010
Fidelity’s UK Real Estate Fund has bought a Scottish retail park for £17.4m.
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Mitchell's & Butler plans £200m spend
23 September 2010
Mitchells & Butler intends to spend £200m next year buying single properties and small portfolios, it announced today.
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Malaysia pension fund in talks for Visa’s Paddington HQ
23 September 2010
Malaysia’s largest pension manager, Employees Provident Fund (EPF) is the front runner to buy Visa’s 1 Sheldon Square headquarters in Paddington for around £150m, reflecting a yield of around 5.75%.
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Aviva buys Gateshead hotel
22 September 2010
McAleer & Rushe has forward sold a hotel development in Gateshead for £19m.
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ING buys Clifton Moor retail park
22 September 2010
Scottish Widows Investment Partnership (SWIP) has sold phase three of Clifton Moor retail park on Hurricane Way in York to client’s of ING.
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Heysham industrial estate up for sale
22 September 2010
Northern Tissue Group is selling a 42-acre industrial estate in Heysham, Lancashire.
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Simon Blake rejoins CBRE
21 September 2010
Simon Blake is rejoining CB Richard Ellis as head of capital markets UK and is leaving Altyon Partners, the fund management firm he set up with Simon Holley when the pair left CBRE a year ago.
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Crown Estate completes Nottingham retail buy
21 September 2010
The Crown Estate has completed the purchase of the Victoria Retail Park in Nottingham for £56.87m, as tipped by Property Week.
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The £900m test
20 September 2010
St Martins is to offload all but its prize assets in a sale that could be an indicator for the future of the entire investment market
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LaSalle buys London office block for £26.5m
17 September 2010
LaSalle Investment Management, in conjunction with Generation Estates, has bought 100 Middlesex Street on the eastern edge of the City of London from Blackstone for £26.5m on behalf of a pension fund client, as tipped by Property Week.
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Brims Construction wins Toffee Factory contract
17 September 2010
North East firm Brims Construction has been chosen as the contractor to develop the former Maynard’s toffee factory in Newcastle’s Lower Ouseburn Valley.
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Expansion for JP Morgan’s European property asset management arm
16 September 2010
JP Morgan Asset Management’s €3.5bn European property arm has set up teams in Frankfurt and Paris as part of an expansion.
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F&C Reit reappointed to manage F&C Commercial Property Trust
16 September 2010
The £820m F&C Commercial Property Trust has agreed a new management contract with F&C Reit, which had been served with a six-month termination notice in June.
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PAIFs to become "industry standard" for property funds
16 September 2010
The tax advantages of property authorised investment funds (PAIFs) means they are likely to become the industry standard for real estate funds in the future, according to leading real estate professionals speaking at seminar held by Capita Financial Group this week.
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Outlook for private-rented sector is "very tricky"
16 September 2010
The outlook for the private rented sector is “very tricky” and institutional investors must be encouraged to invest to ensure it can grow to meet housing tenure demands.
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Macquarie to buy Presidio Partners
14 September 2010
Macquarie Group has entered into an agreement to buy Presidio Partners, a US-based real estate private capital raising and advisory firm.
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IPD: industrial property values dropped in August
14 September 2010
UK commercial property values rose just 0.1% in August, the shallowest monthly growth since the market rebound began last summer, according to Investment Property Databank’s latest UK Monthly Index.
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Global investment deals totalled $132bn in first half of year
14 September 2010
Global commercial real estate investment returned from the doldrums in the first half of this year.
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Aberdeen hires UBS man for CIO job
14 September 2010
Aberdeen Asset Management has appointed Dr Russell Chaplin as chief investment officer for property.
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JSM Indochina appoints CBRE to sell portfolio
13 September 2010
JSM Indochina has appointed CB Richard Ellis to sell a portfolio of properties and development sites.
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Bishops Square stake on market
13 September 2010
Investors are being quietly approached by the State of Oman about purchasing a stake in the large Bishops Square complex near London’s Spitalfields market, the Independent on Sunday reported yesterday.
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Dundee's Overgate shopping centre for sale
10 September 2010
Lend Lease is selling its 420,000 sq ft Overgate shopping centre in Dundee.
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Morgan Sindell acquires Connaught social housing contracts
10 September 2010
Morgan Sindall’s affordable housing provider, Lovell is to acquire the majority of the social housing division of Connaught for £28m.
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Valad sells £94.25m Swedish portfolio
9 September 2010
Valad Property Group has sold a portfolio of Swedish commercial properties for £94.25m.
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Invesco launches third UK fund for German institutions
9 September 2010
Invesco Real Estate has launched and completed the first closing of its third UK fund for German-speaking institutional investors.
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Typhoo Tea factory sold
8 September 2010
The former Typhoo Tea factory in Birmingham has been sold to a private investor for an undisclosed sum.
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ING attracts €500m for multi-manager business
7 September 2010
ING Real Estate Select, the multi-manager business, attracted €500m of net new money from European institutional investors, mainly in the Netherlands, in the first half of this year.
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Dencora buys business park in Peterborough for £10m
7 September 2010
Dencora has bought the 125,000 sq ft Peterborough Business Park from Invista Real Estate Investment Management for around £10m.
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Prupim buys further Romford Brewery stake
7 September 2010
Prupim has bought a further 25% stake in the Brewery Romford, following its purchase of 25% in July.
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Resolution buys 50% of Bremen retail scheme
7 September 2010
Resolution Property has bought a 50% stake in the Waterfront shopping centre in Bremen, Germany, as part of a €130m joint venture with LNC Property Group.
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LDA seeks manager for £50m green buildings fund
7 September 2010
The London Development Agency has today launched the search for a fund manager to distribute a £50m fund dedicated to energy efficiency.
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Stenham Asset Management acquires Montier Partners
6 September 2010
Asset manager, Stenham Asset Management has acquired niche investment management firm, Montier Partners to expand its investment team.
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Metric buys Loughborough shopping centre for £16.8m
6 September 2010
Metric Property Investments, the listed retail property company headed by Andrew Jones, has completed its third purchase since floating in London in March.
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Clacton Travelodge bought by private investor
2 September 2010
A Travelodge in Clacton-on-Sea has been bought by a private investor from Real Estate Leisure Capital Limited for £2.16 million, reflecting a net initial yield of 7%.
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British Capital Property makes debut UK purchases
2 September 2010
British Capital Property, a Guernsey based vehicle for South African property investors, has made its first two purchases in the UK.
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SWIP buys £48m Northern Ireland retail park
2 September 2010
Scottish Widows Investment Partnership (SWIP) has bought a Northern Ireland retail park for £48m.
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Aldi portfolio bought by MGPA
1 September 2010
Discount retailer Aldi has sold a portfolio of 140 properties to MGPA for an undisclosed sum.
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Invista buys Aberdeen shopping centre
31 August 2010
Invista Real Estate Investment Management has bought the Westhill Shopping Centre in Aberdeen for £9.25m.
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Land Securities sells Stratford mall
31 August 2010
Land Securities has sold its Stratford shopping centre to Catalyst European Property Fund for £91.5m, as first tipped by Property Week.
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Berners Hotel up for sale
31 August 2010
Jones Lang LaSalle Hotels has been appointed by administrators of Berners (BVI), to sell The Berners Hotel in London’s West End.
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Hansteen focuses on income, as capital growth prospects “limited”
31 August 2010
Hansteen, the European secondary industrial property REIT, suffered a 5% drop in its net asset value in the first half of the year, due mainly to adverse currency movements.
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Jenny Buck leaves Schroders
27 August 2010
Jenny Buck, head of Schroders’ £1.8bn property multi-manager business for the past nine years, has resigned.
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ING sells Canadian property portfolio for C$1bn
27 August 2010
ING has agreed to sell its 50% stake in a light industrial property portfolio in Canada for C$1bn (£0.6bn), including debt.
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Prezzo to buy rival restaurants
26 August 2010
Italian chain Prezzo has agreed terms to buy the leaseholds of 11 rival restaurants for £3.1m.
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Holley and Blake’s Altyon in talks to buy €4bn German portfolio
26 August 2010
Altyon Partners is fronting a consortium of investors in negotiations to buy Berliner Immobilien Holding owned by the German federal state of Berlin.
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RREEF eyes a further £246m of acquisitions this year after hitting targets
25 August 2010
RREEF Spezial Invest is planning a further €300m (£246m) of acquisitions by the end of the year after having hit its 2010 target of acquiring properties valued at more than €500m.
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Evans Randall buys Drapers Gardens in the City
25 August 2010
Evans Randall has bought the recently-completed Drapers Gardens development in the City of London for £242.5m from Canary Wharf Group and Morgan Stanley Real Estate Funds.
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Pooled funds raised £1.4bn in the second quarter
24 August 2010
Pooled property funds raised £1.4bn of new money in the second quarter, which was 30% less than in the previous quarter.
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Pandoz agrees €1bn Norwegian hotels company deal
24 August 2010
Swedish hotel owner Pandox has agreed an €1bn deal to buy Norwegian company Norgani Hotels.
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Hansteen buys Kilmartin portfolio
24 August 2010
Hansteen has bought a portfolio of secondary assets from some of collapsed property company Kilmartin’s joint ventures for £13.5m.
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Redevco buys in Jersey
23 August 2010
Dutch property company Redevco has bought a Jersey mixed-use property for £19m.
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CBRE Investors buys three retail properties
23 August 2010
CBRE Investors has bought three retail properties from a joint venture between AEW Europe/Tristan Capital partners and Mountgrange Investment Management for £15.3m.
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Westex Carpets buys Yorkshire mill
20 August 2010
Westex Carpets has bought Calder Bank Mills in West Yorkshire from BDO, the administrators of former owner S.Lyles Sons and Co, for an undisclosed sum.
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Tower 42 sale scrapped
20 August 2010
Tower 42 is no longer for sale after talks with a potential buyer for the 600ft skyscraper ended this month.
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Mitchells & Butlers to sell 333 pubs
20 August 2010
Mitchells & Butlers is planning to sell a portfolio of 333 pubs for £373m.
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Allianz buys 80 German Aldi stores
20 August 2010
Allianz Real Estate Germany has bought about 80 retail assets from Aldi Grundstücksgesellschaft mbH & Co.
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Manchester’s Piccadilly Gate under offer
20 August 2010
Manchester’s 124,000 sq ft Piccadilly Gate office scheme has been put under offer by overseas investors for more than £48m, reflecting a yield of 5.75%.
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Private investors in West End show
20 August 2010
Wealthy individuals target resurgent London market
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Hammerson to net €217m from O'Parinor sale
19 August 2010
Hammerson is to net €217m from the sale of a stake in the O’Parinor shopping centre in Paris after announcing today it had exchanged contracts on the deal.
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Rockspring buys €45m Spanish retail portfolio
18 August 2010
Rockspring Property Investment Managers has bought a portfolio of 21 Spanish food stores for €45m.
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Six former Merchant Inns sold to Bespoke Hotel Group
18 August 2010
Boutique hotel operator Bespoke Hotel Group has signed a management contract for six 4-star former Merchant Inns hotels.
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Hammerson in talks to sell 51% of O’Parinor retail scheme
17 August 2010
Hammerson is in talks with The National Pension Service of Korea to sell a 51% stake in its flagship O’Parinor shopping scheme on the outskirts of Paris.
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Retailers buy up Bond Street
16 August 2010
MaxMara and Louis Vuitton Moët Hennessy are each buying a store on London’s Bond Street, as luxury retailers snap up property on the exclusive shopping street.
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Rockspring completes Mall fund shopping centre deal
16 August 2010
Capital & Regional has completed the sale of four shopping centres today. As tipped by Property Week, Rockspring Investment Managers has paid £135.9m for the four schemes.
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CBRE Investors buys Belfast M&S
16 August 2010
CBRE Investors has bought an 83,000 sq ft Marks & Spencer store in Belfast city centre for £8.75m.
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Henderson buys Maidenhead Boots
16 August 2010
Henderson Global Investors, on behalf of Henderson UK Property Unit Trust, has acquired a retail unit on Maidenhead High Street.
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IPD: UK values rose just 0.2% in July
13 August 2010
UK commercial property capital value growth has virtually ground to a halt.
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Invista buys in Farringdon Street
13 August 2010
Invista Real Estate has bought 30 Farringdon Street in the City of London.
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Countryside Properties gets the go ahead in Barking
13 August 2010
Countryside Properties has been granted outline planning permission by the London Thames Gateway Development Corporation for Fresh Wharf in Barking.
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CoStar appoints Oxford Economics as data partner for new Investor product
13 August 2010
CoStar has selected Oxford Economics as data partner for its CoStar Investor suite of services which it is planning to launch in the autumn.
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LaSalle plans new German investment vehicle
12 August 2010
LaSalle Investment Management is planning to launch a new investment vehicle in a bid to attract Swiss, Austrian and German investors.
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Cantor Fitzgerald and CIM Group create new investment platform
11 August 2010
Cantor Fitzgerald and CIM Group have created a new investment platform for commercial real estate lending.
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A quarter of Irish property “over-rented”, says IPD
11 August 2010
More than a quarter of Irish commercial property income is over-rented, research by Investment Property Databank shows.
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Knowles' Proinvest in administration
11 August 2010
A property investment firm run by the Lancashire-based entrepreneur Tim Knowles has gone into administration.
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Istithmar sells £173m West End asset
10 August 2010
One of the largest office investment deals in London’s West End has been carried out.
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Rockspring buys in Basildon
10 August 2010
Rockspring’s Hanover Property Unit Trust has bought the freehold of the Wollaston Industrial Estate in Basildon from Standard Life.
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Welsh government appoints LSH and Amber to manage £55m fund
10 August 2010
The Welsh Assembly government has appointed Amber Infrastructure and Lambert Smith Hampton to manage a £55m EU-backed Welsh regeneration fund.
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LaSalle Investment Management closes deals worth £218m
10 August 2010
LaSalle Investment Management has completed three transactions in the Asia-Pacific region worth a total of £218m.
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Shareholders vote down F&C Reit and Ignis’s £1.6bn fund merger
9 August 2010
The £1.6bn merger between two listed property income trusts will not proceed.
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DTZ secures sale of City Link Hub
9 August 2010
DTZ has advised City Link on the sale of a 153,481 sq ft distribution facility in the West Midlands to a private investor for an undisclosed amount.
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Bridging Finance Solutions wins auctions appointment
9 August 2010
Auction House has appointed short-term lender Bridging Finance Solutions as a preferred finance supplier.
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Mitchells & Butlers sells Hollywood Bowl
9 August 2010
Mitchells & Butlers has agreed the sale of its Hollywood Bowl business.
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Greenwich Peninsula's Pier Walk sold
9 August 2010
Quintain and Lend Lease have sold Pier Walk at Greenwich Peninsula to German fund Deka Immobilien.
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The Property Archive: UK Property Investment Bulletin - Q2 2010
6 August 2010
Investment volumes are up, property yields have continued to compress in the second quarter, so why worry?
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Cushman & Wakefield: An Overview of the UK Property Market
6 August 2010
The second quarter was a difficult time for all derivative markets, not least property, as the entire financial community was locked into a state of inertia ahead of the UK general election, allied with much uncertainty surrounding the fi scal defi cit and the sovereign debt issues related to other European partners such as Greece.
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Cushman & Wakefield Business Briefing: The UK Property Investment Market - Heading for a Cooler Summer?
6 August 2010
Prime yields were unchanged in June, averaging 5.79% for the second month running. The market has slowed a little, with many feeling it willnow face a quieter period through the summer before investors return in the autumn. Others, however, see this as a window of opportunity!
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Metric heads to Cornwall for second purchase
5 August 2010
Metric Property Investments has made its second purchase since its £190m flotation on the London Stock Exchange in March.
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Peel invests in Ellesmere Port
4 August 2010
Peel Ports has bought the 46-acre Ellesmere Port site from Bridgewater Paper Company’s administrators Ernst & Young for £10.5m.
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Investor demand for regional offices up by 63% on last year
4 August 2010
Investor demand for prime regional offices has continued to improve with volumes during the first half of 2010 up by 63% on the same period last year.
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RBS agrees £1.65bn branch sale to Santander
4 August 2010
The Royal Bank of Scotland has agreed to sell 318 branches and other assets to Spanish bank Santander for £1.65bn at at a premium of £350m to net asset value.
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Stalled housing developments secure investment from London mayor and HCA
3 August 2010
Stalled development projects which would deliver more than 500 affordable homes in London have today secured investment from the London mayor Boris Johnson and the Homes and Communities Agency (HCA).
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Property market forecast to tumble in 2011
3 August 2010
The UK commercial property market is set for a gloomy period next year, according to the latest pricing in the property derivatives market.
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Ex-Morgan Stanley trio secure backing for new venture
2 August 2010
Three former Morgan Stanley Real Estate real estate directors, John Carrafiell, Sonny Kalsi and Fred Schmidt, have received financial backing from a Dutch-listed company for their new venture.
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St Modwen and Persimmon in £300m housing joint venture
2 August 2010
St Modwen and housebuilder Persimmon have entered into a joint venture initially to develop 2,000 homes on seven sites owned by St Modwen.
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Prupim buys 25% stake in Henderson's Brewery
2 August 2010
Henderson Global Investors has sold a 25% stake in the Brewery in Romford for £44.25m.
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Sleeperz secures £7m of new capital for budget hotel expansion
30 July 2010
Connection Capital, a new private client investment business, has made its first investment in budget hotel operator Sleeperz Hotels.
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Cornerstone buys German supermarket
30 July 2010
Cornerstone Real Estate Advisers Europe has completed its first acquisition in Germany since it took over the management of the Cornerstone German Retail Fund in 2008.
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RREEF buys Kent distribution unit
30 July 2010
RREEF UK Industrial Property Fund has purchased a distribution unit in Erith, east London, for £10.1m, reflecting a net initial yield of more than 7%.
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CBRE seals two sheds deals in West Midlands
30 July 2010
British Capital Property has bought a 130,000 sq ft warehouse near Wolverhampton from a private investor for £8.35m, reflecting a net initial yield of 7.53%.
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Consortium buys second round of Spanish assets
30 July 2010
A consortium of RREEF Europe, Area Property Partners and Europa Capital has bought a second portfolio of Spanish property assets from Banco Bilbao Vizcaya Argentaria (BBVA).
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Prospect buys in Telford
30 July 2010
Prospect Estates has bought the freehold of Halesfield Seven for £1.83m, the largest industrial deal in Telford this year. The 15.63 acre site will be divided to create a new industrial estate known as Epic Park.
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CoStar Investment Update: June 2010
29 July 2010
The June summary of the investment market shows activity rising following a slow start to the year. The Q2 2010 total exceeded Q1 2010’s total by 17%.
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CB Richard Ellis: Prime Rent and Yield Monitor - Q2 2010
29 July 2010
Prime rental growth for commercial property was flat this quarter following two preceding quarters of marginal growth.
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Manchester councils to run £350m North West kickstart fund
29 July 2010
A consortium led by ten Greater Manchester councils has been chosen to manage a £350m regeneration fund to lend to developers in the north-west.
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IPP buys former Croda site in Bromborough
29 July 2010
Croda’s former fatty acid plant at Bromborough Pool in Merseyside has been bought by Dibbin Estates and Equipment, an International Process Plants and Equipment Corp (IPP) affiliate.
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Irish rents stifle recovery, IPD Q2 figures show
28 July 2010
A sharp fall in Irish commercial property rents is stifling the market’s recovery.
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Europa sells €60m Düsseldorf development
28 July 2010
Europa Capital has completed the sale of an office development in Düsseldorf for €60m.
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Derwent completes Central Cross buy
28 July 2010
Derwent London made its biggest purchase for three years this week.
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Qatari investor sees value in Mayfair
27 July 2010
F&C Reit has sold 27 Dover Street in Mayfair, London for £6.35m. Claymore Asset Management bought the property on behalf of Qatari-owned Oryx Property.
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Euro Disney sells €47m mall
27 July 2010
Klepierre and AXA have bought the Val d’Europe mall from Euro Disney for €47m.
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Redefine agrees £106m London hotels deal
26 July 2010
Redefine International has agreed to buy five Holiday Inn hotels in London for £106.3m.
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St Martins to sell £900m portfolio
23 July 2010
St Martins has put up for sale a £900m portfolio of assets located across the UK and Europe.
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Standard Life Investments in talks to invest in Schroders Moorgate scheme
23 July 2010
Standard Life Investments is in talks with Stanhope, Schroders and the Clothworker’s Company to join the joint venture to invest in the proposed development of 8-10 Moorgate.
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L&G buys in Wales
23 July 2010
Legal & General Property has bought two office buildings from developers WISP Newport and WISP Swansea for £23.44m, an average net initial yield of 5.15%.
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Le Meridien Piccadilly sold to Host Hotels & Resorts
22 July 2010
Starman Hotels has sold its Le Meridien Piccadilly hotel in London to Host Hotels & Resorts for £64m.
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Staffordshire police offices up for sale
21 July 2010
Staffordshire Police has put the freehold interest of 5,573 sq ft of commercial office space at Crossfields, 35 Cannock Road in Baswich, near Stafford, up for sale.
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Tritax completes Brindleyplace sale
21 July 2010
Tritax has completed the sale of £190m worth of offices at Birmingham’s Brindleyplace, as first revealed by PropertyWeek.com.
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London and Stamford buy in Battersea
21 July 2010
London & Stamford Property has bought apartments and car parking spaces at Bridges Wharf, Battersea, in south London.
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Tenant failure risk as companies try to trade out of recession, Cluttons warns
20 July 2010
Companies trading too much and suffering cash flow problems as they emerge from the recession could threaten the occupational markets, research from Cluttons has shown.
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Henderson buys Islington shopping centre for £112m
20 July 2010
Henderson Global Investors’ German business Warburg-Henderson KAG has bought the N1 shopping centre in Islington for £112m.
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Specialist property funds outperform the market
19 July 2010
Specialist funds outperformed the direct market by almost 500 basis points over the last year, figures from the Investment Property Databank (IPD) have shown.
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Investec recruits Gandy to UK acquisition team
19 July 2010
Investec Property Investments has appointed Crispin Gandy to its UK and Ireland acquisition team.
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Cap & Reg reports rise in fund values
16 July 2010
Capital & Regional reported a rise in the value of its three funds this morning for the quarter ending 30 June.
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Mitchells & Butler sells £91m lodge business
15 July 2010
Mitchells & Butlers has announced the disposal of the majority of its lodge business and the sale and leaseback of eight pubs for £91m.
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Global investment in Q2 doubles to $66bn
15 July 2010
Global real estate investment in the second quarter of 2010 was $66bn – double the same period in 2009, research from Jones Lang LaSalle has shown.
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IPD: UK values rose 0.5% in June
14 July 2010
UK commercial property has eased to its slowest quarterly growth since the market rebound began last August.
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Jones Lang LaSalle wins Fairoaks Airport instruction
14 July 2010
Jones Lang LaSalle has been instructed to find a buyer for part of Fairoaks Airport in Surrey after owning company Albermarle Fairoaks fell into administration in February.
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AXA Real Estate raises €230m
12 July 2010
AXA Real Estate has raised €230m for the first closing of its pan-European development fund Development Venture III.
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Flood of interest for ING sale
09 July 2010
ING Group has received interest from several of the world’s biggest fund managers and institutional investors to buy its real estate investment management unit, Reuters reports.
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Carlyle completes £671m White Tower purchase
8 July 2010
Carlyle Group has exchanged contracts for to buy six central London properties, which were formerly part of the portfolio securing the White Tower 2006-3 commercial mortgage backed securities (CMBS) vehicle.
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Hyde Park hotel sold to private buyer
8 July 2010
The Park Inn in Hyde Park has been sold to a private buyer for around £35m.
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Gatehouse Bank buys BT HQ in Leeds
5 July 2010
Gatehouse Bank has bought One Sovereign Street, the HQ of BT’s regional headquarters in Leeds, for £40.1m in one of the biggest deals in Yorkshire this year.
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Invista buys Sheffield office building
2 July 2010
Invista Property Foundation Trust has bought the Portergate, an office building in Sheffield, for £10.2m.
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Moorfield and Hines exchange on £200m Brindleyplace deal
1 July 2010
Hines and Moorfield have tonight confirmed their purchase of eight buildings at Brindleyplace in Birmingham.
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Starwood and L&R buy London's Cumberland in Europe's largest hotel deal this year
1 July 2010
Starwood Capital and London & Regional have bought the Cumberland Hotel at London’s Marble Arch.
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Hammerson buys Brookfield Europe’s stake in Cricklewood project
29 June 2010
Hammerson has bought Brookfield Europe’s stake in the £4.5bn Brent Cross Cricklewood regeneration scheme in West London.
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Tesco to carry out £950m property securitisation
29 June 2010
Tesco is planning a £950m property securitisation in the latest phase of its programme to release value from its UK property portfolio.
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Terrace Hill begins marketing residential property fund
29 June 2010
Terrace Hill and Aegon have begun marketing for a residential investment fund that will be seeded with some of Terrace Hill’s assets.
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Valad fund renews €204m debt facility
28 June 2010
Deutsche Pfandbriefbank and Bank of Scotland have renewed a €204m investment facility to V+UK, a fund managed by Valad Property Group.
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Moorfield and Hines team up for £200m Brindleyplace bonanza
28 June 2010
Moorfield and Hines have teamed up to buy eight buildings at Birmingham’s Brindleyplace office scheme for just below £200m.
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LaSalle launches £500m UK fund
28 June 2010
LaSalle Investment Management has launched the LaSalle Balanced UK Property Fund for institutional investors.
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Blackrock buys £58m Covent Garden building
28 June 2010
Blackrock UK Property Fund has bought the freehold of 25 Bedford Street in London’s Covent Garden for £58.8m.
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London and Paris "safest markets" says Rufrano
28 June 2010
London and Paris are two of the safest markets to invest in today, according to Cushman & Wakefield’s new global CEO.
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ING REIM Netherlands sells 13 offices
25 June 2010
ING Real Estate Investment Management (ING REIM) has sold a portfolio of 13 office properties to a consortium of international investors.
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Rockspring teams up with former Mall fund director to buy four shopping centres.
25 June 2010
Rockspring Property Investment Managers has exchanged contracts to buy four shopping centres from the Mall fund.
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Land Securities HQ back on market
25 June 2010
Land Securities’ headquarters at 5 Strand, close to Trafalgar Square in London, is up for sale for £53m.
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Retail parks remain in favour
25 June 2010
More than £200m of retail parks changed hands or were placed under offer this week, proving the sector is still popular.
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Fosse Park up for sale
24 June 2010
The Irish investors behind retail park Fosse Park have hired Franc Warwick to sell the £360m park.
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Trikona Trinity appoints new Indian investment manager
23 June 2010
Trikona Trinity Capital, the AIM-listed Indian property investor, has appointed a new external investment manager.
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Segro completes Airport Property Partnership deal
22 June 2010
Segro’s acquisition of BAA’s 50% interest in the Airport Property Partnership, a joint venture with Aviva Investors, will be completed today.
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Hammerson buys remaining stake in Battery retail park
21 June 2010
Hammerson, which owns 25% of Battery Retail Park in Birmingham, has bought the remaining 75% from its partner TIAA-CREFfor £49.5m.
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AEW Europe buys Polish warehouses for €91m
21 June 2010
AEW Europe has bought five warehouses in Poland from Panattoni Europe and Standard Life Investments for approximately €91m through its European Property Investors Special Opportunities fund.
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SEB completes Condor House purchase
21 June 2010
SEB Asset Management has completed its purchase of Evans Randall’s Condor House in the City of London for its open-ended real estate fund SEB ImmoPortfolio Target Return Fund.
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Metric makes £28.4m debut purchase
17 June 2010
Metric Property Investments has bought its first property following its £190m flotation on the London Stock Exchange in March.
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Allianz to buy €176m stake in Hammerson Paris shopping centre
17 June 2010
Allianz Real Estate has exchanged contracts to buy a 75% stake in Hammerson’s Espace Saint Quentin shopping centre in Paris in a deal worth €176m.
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Land Securities sells £250m Park House scheme
17 June 2010
Land Securities has agreed to forward sell its Park House development on London’s Oxford Street to a Qatari property company for £250m.
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Simon Treacy to become CEO of MGPA
16 June 2010
MGPA, the private equity real estate firm has appointed its Asian head Simon Treacy as CEO.
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Howard Property Investments buys RBS building
15 June 2010
Howard Property Investments has bought the RBS building on Silbury Boulevard in Milton Keynes for £3.2m from Blackrock Land.
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IPD: property values rose just 0.5% in May
14 June 2010
The UK commercial property market recovery slowed down last month.
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Meyer Bergman buys Ilford's Exchange Shopping Centre
11 June 2010
Meyer Bergman, the European real estate investment and fund management firm has acquired The Exchange Shopping Centre, Ilford, from the Mall Fund for around £71 million.
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Invista sells three at Cambridge Science Park
11 June 2010
Invista Real Estate has sold three buildings at Cambridge Science Park on behalf of a client, to Legal & General Property.
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Hermes £58m London office
11 June 2010
Hermes Real Estate has bought Wimbledon Bridge House for £58m from Tristan Capital Partners and AEW Europe.
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Legal & General buys in Islington
10 June 2010
Legal & General has bought an Islington property for £16.5m - a net initial yield of 5.43%.
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Klépierre sells three retail assets for €72.8m
10 June 2010
French property company Klépierre has sold three retail assets as it seeks to dispose of €400m of property this year.
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USS buys NatMags House
8 June 2010
Universities Superannuation Scheme has exchanged contracts to buy National Magazine House in London’s West End for £42m.
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Henderson completes first £90m closing of Central London office fund
8 June 2010
Henderson Global Investors has achieved a first closing of its Central London Office Fund II (“CLOF II”) raising £90m of capital from a number of European and North American institutional investors providing it with around £200m for acquisitions.
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Highcross buys Waverley Gate
14 May 2010
Highcross has bought WaverleyGate, one of Edinburgh’s city centre landmark office buildings, from the joint administrative receivers of Castlemore (Edinburgh) Ltd.
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The Farebrother IPD Midtown Investment Report 2009
14 May 2010
"By the end of 2009, 2.0 million sq ft had been added to Midtown’s office stock in just ten years. 3.6 million sq ft of new office space and 4.9 million sq ft of refurbished office space was created. 20.7 million sq ft as taken-up over the same period."
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PWTV: CoStar warns of further pain
30 April 2010
Commercial property information consultancy CoStar has warned that the low level of transactional volumes being recorded in the market could mean more pain for the property sector.
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Cushman & Wakefield Business Briefing: The UK Property Investment Market: March 2010
01 April 2010
"A further increase in risk tolerance from investors and financiers will follow an improvement in the occupier market and trends in the prime sector are encouraging, with most sectors now thoughtto be close to the bottom. Secondary markets however have further to fall and with the rental recovery likely to be supply led, rental trends will be very ifferent market to market."
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BNP Paribas Real Estate: Investment in Europe - Q4 2009
12 February 2010
"Most European economies are now past the recession, since GDP started to increase again on a quarterly basis. Nevertheless GDP growths for the whole year of 2009 were negative and will remain weak this year."
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HM Treasury: Investment in the UK private rented sector
12 February 2010
"The Government’s objective for housing policy in England is simple and fundamental – to ensure a decent home for all. We face significant long-term demographic pressures from a growing and more mobile population that will make meeting this objective more challenging. These housing pressures can impact on a broad range of economic andsocial policy objectives: delivering macroeconomic stability; helping households manage assets, savings and risk; meeting people’s housing aspirations; ...
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CB Richard Ellis Marketview: CEE Office investment
12 February 2010
"Several Central and Eastern European (CEE) economies are again recording positive growth and evidence is mounting that most CEE economies bottomed out in H1 2009. Still, the recovery remains in its early stages and is neither sustained nor robust at this time. Nonetheless, current sentiment is much more positive than several months ago."
-
Knight Frank Shopping Centre Investment Quarterly: Q4 2009
29 January 2010
“Following the downturn the banks are significant holders of UK shopping centres. Their actions will be fundamental to transactional activity in 2010 as they look to restructure their property loan books.“However, activity is likely to remain relatively subdued, as assets may be released to the market selectively in order to maximise value.”
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CB Richard Ellis Marketview: Central and Eastern Europe Property Investment
22 January 2010
"Investment in institutional property in Central & Eastern Europe (CEE) totalled €2.5 billion in 2009 in 90 transactions. Approximately €2 billion of this total was traded in H2 2009, a significant increase (+314%) from H1 2009 turnover."
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The Property Archive - Property Investment Bulletin
15 January 2010
"Yes, liquidity returned to the market with increased investment activity of £13.6bn in the second half of 2009, a 56% increase from the level seen in the first half. Total investment volume for 2009 was £22.3bn, down from £24.7bn at the end of 2008."
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Colliers CRE: Real Estate Investment Forecasts - Q4 2009
18 December 2009
"Colliers CRE fourth quarter forecasts estimate a positive return of 3.4% in 2009, based on equivalent yields finishing the year below the level at which they began it. The outlook for 2010 has also improved slightly, as we expect to see a continuation of the recent yield compression into the New Year."
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Standard Life Investment's Investment Decisions for 2010
18 December 2009
"As economies rebalance from the excesses of thebubble years, and policymakers begin to withdraw their unprecedented policy response, investors face substantial opportunities as well as risks within a volatile market environment."
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DTZ Echinox: CEE Investment
04 December 2009
"Transaction activity practically froze in H1 2009 with a volume of approximately €26 million, representing a 97% decrease year-on-year. The volume diminished by a third (quarter-on-quarter) in Q3 when institutional transactions amounted to €13.3 million."
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CoStar Investment Bulletin Q3 2009
06 November 2009
"Investment activity is gathering pace as investors look to enter the market at the lowest point in the cycle. Deal volumes are now rising and a total of £6.1bn was sold in Q3 2009."
-
Reading UK Development and Investment Review
06 November 2009
"The economy of the South East region is the 22nd largest in the world, bigger than countries such as Denmark, Austria, Sweden, South Africa, Singapore and Greece. As home to over eight million people, it is the largest region in the UK – bigger than Scotland, Wales and Northern Ireland combined, and covers the counties of Berkshire, Buckinghamshire, Hampshire, the Isle of Wight, Kent, Oxfordshire, Surrey and East and West Sussex."
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The Property Archive: UK Real Estate Investment Activity - Q3 2009
30 October 2009
"Investment activity has continued to grow in the third quarter 2009 with £5.85bn worth of deals done, taking the total amount for the year to date to £14.5bn. This quarter’s figure is the highest of the year to date, as well as being the highest quarterly total since Q2 2008. The average lot size was £21m, an increase from the Q2 figure of £16m, but below the Q1 figure of £28.6m."
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Invest UK: Hear our in depth interview with Peter Robinson, First Minister for Northern Ireland.
14 October 2009
Register for the FREE Invest UK event to hear the electric interview with Northern Ireland First Minister Peter Robinson at 11.30am today.
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Ernst & Young: The proposed EU Alternative Investment Fund Managers Directive
02 October 2009
"The AIFM Directive is designed to address a number of risks identified by the European Commission related to alternative investment funds (AIFs). The Commission does not believe that fragmented national approaches constitute a robust and comprehensive response to these risks."
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£25m fund looks to capitalise on weak housing market
18 September 2009
Investors given route to purchase-and-leaseback deals with distressed housebuilders
-
B&Q deal takes Aprirose past £150m spending
18 September 2009
Mayfair-based investment manager Aprirose has bought a retail warehouse let to B&Q from receivers in the Midlands, taking its spending past the £150m mark in the last 12 months
-
Stellar lines up Scottish woodland for debut forest fund purchase
18 September 2009
Stellar Asset Management’s first forest fund has lined up its debut purchase
-
REDC ponders online-only auctions as repo lot levels fall
11 September 2009
Controversial US newcomer may shelve third auction and move operations exclusively to web
-
Fourth month of inflows
04 September 2009
UK retail property funds continued to experience net inflows for the fourth successive month
-
Mustbesold.com scores with distressed sales
04 September 2009
The perceived recovery in the housing market helped Mustbesold.com achieve an 85% success rate at its sale on Wednesday
-
Private investors look Stateside
04 September 2009
Private investors are beginning to look Stateside for higher yields
-
Seven Dials heads for high street with £50m fund
04 September 2009
Private investor fund manager launches vehicle to target shops let to ‘household names’
-
London & Devonshire seeks £25m for industrial purchases
21 August 2009
Fund will target prelet schemes and income-producing investments in the south-west
-
Nature reserve sold by Carter Jonas for £60,000
21 August 2009
Carter Jonas has sold a nature reserve in Somerset to a local environmentalist at auction
-
Pattinson goes regional
21 August 2009
Pattinson auctions is abandoning London as a sales venue to focus on sales in regional locations
-
Visium Group ceases trading
21 August 2009
Private investor property consultancy and publishing company Visium Group ceased trading last week after being hit by the downturn in overseas sales
-
BNP Paribas Real Estate Investment in Europe: Q2 2009
14 August 2009
This research looks at the contraction of the investment markets across 25 European cities in the second quarter of the year.
-
Invista European Investment Quarterly: Q2 2009
14 August 2009
Fund manager Invista's report into the European market, looking at changes in the leasing and investment markets as well as other factors including movement in property share prices.
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Savills' Retail Investment Transactions: H109
14 August 2009
A monitor of retail investment transactions within the Savills network of countries.
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The Property Archive: H1 Investment
14 August 2009
A report looking at investment in UK property in the first half of the year, including increased spending from overseas investors.
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Sellers beware as FSA tightens rules on retail distribution
07 August 2009
Fund managers and advisers protest against proposed rules on selling of investment products
-
Competition earns Andrews & Robertson its commission
31 July 2009
Competitive bidding at almost 40% above guide prices helped Andrews & Robertson to lift the sales rate at its auction last Thursday to 75% – up three percentage points from its sale in June
-
Mayfair buys in Bristol and sells in Basingstoke
31 July 2009
Mayfair Capital Investment Management has bought a distribution warehouse in Bristol on behalf of overseas private clients
-
Keen investors fuel Allsop’s marathon £40m resi sale
24 July 2009
But auction house warns that cash could soon run out unless banks relax constraints on finance
-
Aprirose drives away with bargain
17 July 2009
Private investor manager Aprirose Real Estate has bought two driving test centres from Greatline Developments
-
CB Richard Ellis EMEA View Point: Industrial and Logistics Investment,
10 July 2009
'Despite generally subdued levels of investment activity in the European real estate market over the past year and a half, there is still evidence of interest in the industrial and logistics sector.'
-
Glanmore rejects Ciref bid offer
17 July 2009
The embattled £843m Glanmore Property Fund has this week rejected the proposed share offer and rescue equity injection from AIM-listed Ciref
-
Lambert Smith Hampton's UK Investment transactions Quarterly Bulletin: Q2 2009
17 July 2009
Overseas investors were responsible for the highest proportion of investment market purchases in the second quarter of 2009 as the dual effects of the falling value of UK real estate and the appreciation of the € and $ against the £ meant that foreign investors continued to be in pole position when bidding for property.
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Lot sizes grow as 'big three' net £139m at auctions
17 July 2009
Risk takers put yields under pressure at Allsop, Jones Lang LaSalle and Cushman & Wakefield sales
-
Knight Frank's shopping centre investment quarterly: Q2 2009
15 July 2009
The attractive pricing of good quality assets has brought an increasing number of requirements to the market, including more active interest from new opportunity funds.
-
BNP Paribas Real Estate's commercial property investment yields - June 2009
10 July 2009
A table of prime commercial property investment yields across all asset classes.
-
Private eye: Richard Auterac
10 July 2009
In my position as chairman of the RICS Real Estate Auction Group, I have been asked to comment on the issues of innovation in the auction industry
-
Yields fall to 6.9% as property volumes decrease
10 July 2009
ARAS data shows 93 basis point differential from IPD average
-
Glanmore sells up to reduce debt
03 July 2009
The £843m Glanmore property fund has sold a portfolio of eight properties to pay down its debt, bringing total sales to £83m since the start of the year
-
Mixed fortunes at auctions
03 July 2009
Barnard Marcus’s sale rate fell to its lowest in almost a year at the New Connaught Rooms in central London last Monday
-
Pinder Fry's small offices fund to go into liquidation
03 July 2009
Bank forecloses on fund after loan covenant breaches
-
Valad’s PILinvests starts fundraising for £22m vehicle
26 June 2009
Collective investment scheme operator aims for 10%-plus total returns
-
IFAs change tune and advise clients to invest in property
19 June 2009
Investment Property Forum survey shows that IFAs see positive change in asset class
-
Aprirose continues spree for syndicate
12 June 2009
Aprirose Real Estate has bought a 100,000 sq ft retail warehouse in Colchester let to B&Q, for a private investor syndicate, which has also bought a Travelodge in Birmingham this week
-
Pattinson's new approach is choked by old hands
12 June 2009
Pattinson’s debut London sale suffered from being held on the same day as an Allsop residential sale
-
Rising house prices swell Allsop's coffers
12 June 2009
Latest results show an 86% sale rate and £46m raised
-
Glanmore’s investors still left seeking redemption
05 June 2009
Property fund aims to extend bar for a further four years and suspends performance fees
-
'Big three' auction houses score hat-trick of results
29 May 2009
Prime yields hold steady for Allsop and fall for Cushman & Wakefield and Jones Lang LaSalle
-
Dairy is cream of Strettons' crop
29 May 2009
Strettons enjoyed a strong follow-up to its April sale, which was marred by the G20 riots, at London’s New Connaught Rooms last Monday
-
Barwood Capital to launch £50m industrial fund
22 May 2009
Fund management arm of Northampton-based developer aims for 6% ‘priority return’ to investors
-
CoStar Investment Bulletin: Q1 2009
22 May 2009
With the exception of a flurry of activity in December, investment activity has been extremely subdued since mid-2008. The expected depth and longevity of the current downturn has deterred most investors from all non-essential transactions.
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Barnett Ross takes comfort from prime London properties
15 May 2009
Barnett Ross achieved a ‘comfortable’ result at its commercial and residential sale at London’s Radisson SAS Portman Hotel last Thursday
-
Investors splash out on pooled funds
15 May 2009
Pooled property funds (PPFs) are starting to attract new investment, as the rate of redemptions slows
-
Premier may be among first to reopen in time for recovery
15 May 2009
Increased investor confidence means fund will seek to raise new equity
-
Pattinson teams up with estate agents for online sale
08 May 2009
Newcastle auction house to host internet auction and hold first-ever London sale
-
Auction coup for Pugh & Co
01 May 2009
Pugh & Co had its most successful sale in more than a year last Thursday
-
Noble men's 'opportunistic' £20m pension fund mandate
01 May 2009
Founder members of Glasgow-based Keills to invest in keenly priced property
-
REDC row settled
01 May 2009
US auction house Real Estate Disposition Corporation (REDC) has released a buyer from a sale contract after she complained she had been misled about the property’s value
-
Private eye: Duncan Moir
24 April 2009
I reach my half-century at the end of this month.
-
US auctioneer REDC under fire over valuation discrepancy
24 April 2009
Buyer claims ‘previous valuation’ price was inflated after auction house’s Leeds sale
-
Auction success rates dip
17 April 2009
Andrews & Robertson failed to sell a third of the lots at its auction last week, after it included new-build Spanish flats in its catalogue
-
Lenders hit back at disquiet over US-style auctions
17 April 2009
Sellers at REDC repossession auctions dismiss UK auctioneers’ claims of compromise of duty
-
Two-tier market emerging
17 April 2009
A two-tier market is emerging in the auction market, as prime yields fall and secondary yields rise
-
Auctioneers call bottom of market after strong week
09 April 2009
Allsop’s back-to-back sale raises almost half of sector’s £78m total
-
G20 protests rain on Slyper’s farewell parade
09 April 2009
Strettons auctioneer Graham Slyper’s final sale behind the rostrum was marred by the G20 protests
-
Allsop auction uplifts with ‘strong’ £64m sale
03 April 2009
Best sales total for 10 months as investors force yields down to 5.9%
-
American auction house defends buyer fee model
03 April 2009
Real Estate Disposition Corporation says prices will reflect ‘true market value’
-
Pinder Fry pulls land fund
03 April 2009
Pinder Fry & Benjamin has been forced to put its £20m strategic land fund on ice after its backers pulled out.
-
Private buyer for Kenmore’s French sheds
03 April 2009
A private investor has bought a portfolio of industrial units in France from Kenmore European Industrial Fund for €14.5m at a 9.4% yield.
-
Private eye: David Pearl
03 April 2009
In my last Property Week column at the beginning of the year, I tried to cheer things up by recounting what I thought was an amusing little moral tale, which resulted in my being accused, through the letters page, of being sexist.
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Aprirose buys car park at yield of 6.5%
27 March 2009
Aprirose Real Estate has used debt to buy a robotic car park in Edinburgh from KPMG at a 6.5% yield
-
Slow sales at Whyte debut
27 March 2009
Chek Whyte, star of Channel 4’s Secret Millionaire, had a weak start to his first foray into the auctions sector
-
Stellar Asset Management branches out into forestry
27 March 2009
Ex-Close Brothers team launch £5m fund to target growing demand for timber
-
Auctioneer alarm at US repo house
20 March 2009
Auctioneers have warned that a US auction house is going to drive down prices when it debuts in the UK this month
-
Cushman & Wakefield doubles auctions takings
20 March 2009
Private investors spurred by the latest interest rate cut helped Cushman & Wakefield lift sales by 45%
-
Jones Lang LaSalle cancels after failing to fill catalogue
20 March 2009
1 April auction called off as income-producing sale properties become more scarce
-
Kenmore sells West Mids shed at 9% yield
13 March 2009
A private investor has bought an industrial shed in the West Midlands from Kenmore at a 9% yield
-
Regions lift Mustbesold.com sales by a third
13 March 2009
An increased regional appetite for residential property helped Mustbesold.com to raise one-third more money at its latest auction
-
Rowan branches out with £500m 'value-added' fund
13 March 2009
Former Goodman European CEO Jeff Pulsford to raise equity
-
Busy room helps Jones Lang LaSalle sell at higher prices
06 March 2009
Debut sale of 2009 achieves falls in prime retail yields and increased lot sizes
-
Resi auctions’ 85% show
06 March 2009
The residential auction houses had another successful week as investors packed in and provided strong sales rates.
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Richard Auterac on PropertyWeek TV
06 March 2009
Auctioneer Richard Auterac calls the bottom of the prime market
-
CBRE Investors sells Croydon shop at 9% yield
27 February 2009
A private investor has bought a shop in Croydon, south London, from CB Richard Ellis Investors at a 9% yield
-
Competitive bids produce mixed results for trio
27 February 2009
Two of the three commercial auctions last week achieved improved sale rates, despite two of the auction houses experiencing a dip in the amount raised because of smaller lot sizes.
-
Residential investors out in force for £90m spree
27 February 2009
Allsop sales climb 16%; Savills and Andrews & Robertson lifts sales by a third
-
Allsop achieves 83% success rate in best result since May
20 February 2009
Yields fall from December high as £45m sells for 15% above reserve prices
-
Aprirose-led consortium buys City Travelodge at 6% yield
20 February 2009
African and UK-based investors target ‘recession-resilient’ sector with 69% bank debt
-
Invista sells bank units at 5.25% yields
20 February 2009
Invista Real Estate Investment Management has sold two high street bank retail units in Bath and Canterbury to private investors at yields of 5.25%
-
Private eye: Michael Barrie
20 February 2009
Given the volume of funds forced into suspending redemptions over the last 12 or more months, many have been quick to criticise the structure of open-ended retail funds as a viable model for real estate investment
-
'Secret millionaire' Whyte's auction house to sell repossession lots
20 February 2009
Chek Whyte, the star of Channel 4’s The Secret Millionaire, has launched an auction house that will sell repossessed homes, yachts and cars
-
New Hotbed head hired
13 February 2009
Hotbed, the private investor property syndicate, has appointed Julius Gottleib as head of property
-
Stellar goes into space with £10m self-storage fund
13 February 2009
Asset manager launches closed-ended fund to invest in UK sites
-
Strettons posts 70% success
13 February 2009
Strettons, in association with Edwin Evans, beat the bad weather and made a solid start to 2009 at its mixed residential and commercial sale on Monday.
-
Auction loan applications up by 30%
06 February 2009
The number of private investors seeking short-term loans for auctions increased by 30% in the last quarter of last year.
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Azure sells five Texaco petrol stations
06 February 2009
Azure Property, a joint venture between Palmer Capital Partners and RREEF Alternative Investments, has sold five Texaco petrol stations at an average net initial yield of 6.8% to private investors.
-
Closed chapter for Cooke as two funds halt redemptions
06 February 2009
Close Investments makes Simon Cooke redundant and freezes withdrawals from two property funds
-
New year brings hope for resi auction houses
06 February 2009
Barnard Marcus and Harman Healy score 70%-plus success rates
-
… as Coral sets up £100m student fund
30 January 2009
Coral Portfolio is setting up an ungeared £100m fund of funds for private investors to invest in student accommodation.
-
Brandeaux’s £850m student fund offers investors exit …
30 January 2009
Fund manager to launch new share class with ‘more suitable redemption terms’
-
Last year was tough for the auctions market.
30 January 2009
How will 2009 be?
-
Knight Frank's UK Investment Market Outlook: January
28 January 2009
There is little comfort to be taken from the current raft of available figures, with a shrinking economy, rising unemployment and rapidly falling house prices.
-
Gresham sells £1m City HQ
22 January 2009
Gresham House, the former listed investment trust, has sold its 1,600 sq ft City headquarters in Elder Street to an undisclosed buyer for £1m or £625/sq ft
-
Private investor's £3m London buy
22 January 2009
A private investor, advised by Drivers Jonas, has bought Kings House at 8-10 Haymarket, in London’s West End, from the Crown Estate
-
First-time auction buyers target bargains
22 January 2009
Almost two-thirds of residential properties bought in the last three months of 2008 were intended as investments rather than for occupation, research by Allsop and Essential Information Group has found
-
Lender forces Paignton's Crossways into receivership
22 January 2009
German bank lender appoints GVA Grimley as receiver as retail downturn hits
-
England stars back Caribbean resort fund
15 January 2009
Essential Investments has launched a £24m fund backed by England footballers Rio Ferdinand and John Terry to invest in a luxury beach resort on the Caribbean island of Caicos
-
Hughes pledges best practice at UK property funds body
15 January 2009
Legal & General Property chief wants increased transparency from members
-
Commercial property auction sales halve in 2008 ...
09 January 2009
Volumes fall to £905m from £1.9bn but prime yields have peaked
-
Knight Frank's European Investment Commentary 2008
19 December 2008
Following two consecutive quarters of negative GDP growth in Q2 and Q3 2008, the Eurozone has fallen into recession.
-
Jones Lang LaSalle hits 88% sale rate in year-end auction
19 December 2008
Allsop also experiences improved success rate in £29m sale
-
Launch of £15m farm fund
19 December 2008
Manor House Farm, an agricultural asset manager, has launched a £15m ungeared farm fund for private investors
-
Muted demand at Cushman and Co
19 December 2008
While the top two auction houses revelled in high sales rates, investor demand at the other commercial sales last Wednesday was muted
-
Savills: market ‘at bottom’
19 December 2008
Savills achieved a strong result at its residential auction on Monday last week
-
Fund uploads £50m into Euro data centres
12 December 2008
Pinder Fry & Benjamin commit whole fund to four sites
-
Interest rate cuts bolster Barnett Ross success rate
12 December 2008
Barnett Ross noticed improved investor demand at its commercial and residential sale at the Radisson SAS Portman Hotel in London last Thursday.
-
Savills ends year with strong performance
12 December 2008
In its last commercial sale of the year, Savills produced a strong sales rate of 75% from a reduced catalogue, raising £7.6m from 12 of the 16 lots on offer.
-
Brookside Close for sale
05 December 2008
Brookside Close, the set from the Channel 4 soap, is lot 307 on offer at a guide price of £550,000-£600,000 at Allsop’s sale on 17 December.
-
Managing Partners on Pompey street
05 December 2008
Managing Partners, a London-based fund manager, is attempting to buy up an entire street of 48 houses in Portsmouth.
-
Mustbesold.com scores 80% hit rate
05 December 2008
Low interest rates, a host of repossessions and local marketing resulted in a strong residential sale for online auction house mustbesold.com.
-
Bovey left to Imagine what might have been
3 December 2008
Property empire falls after collapse of furnishings business follows Imagine Homes takeover
-
Bolder bidders push Strettons success to 63%
28 November 2008
A less cautious approach from investors meant that Strettons, in association with Edwin Evans, produced a steady performance in its residential and commercial auction last Tuesday.
-
Invista launches all-equity property fund
28 November 2008
Vehicle to target retail investors and small funds
-
King Sturge sells less than 50% again
28 November 2008
In its second-ever commercial auction, held last week, King Sturge raised £6m and sold just 45% of the catalogue.
-
Repos add to Allsop success
21 November 2008
Allsop continued to achieve remarkable success in the second of its two-day residential auctions in London last week.
-
Noble sells off ‘non-core’ fund management arm
21 November 2008
Ex-Arlington men Howie and Speedie set up Keills with £80m of assets
-
Mayfair appoints Larkin
21 November 2008
Mayfair Capital Investment Management, the private investor fund manager, has appointed former Jones Lang Wootton director David Larkin as its chairman.
-
Allsop sets resi auction standard
14 November 2008
Barnard Marcus and Harman Healy have been unable to replicate the extraordinary success achieved by Allsop in the residential auction market.
-
Alternative assets on the rise
14 November 2008
Private banks are confident about the prospects for alternative assets over the coming year, research by Hotbed, the UK’s largest private investor syndicator, shows.
-
PIL Invests launches £20m European fund of funds
14 November 2008
Valad Property Group-owned manager to offer 5% income distribution a year
-
Bargain hunters boost Allsop success rate to 86%
7 November 2008
Distressed residential lots help auction house to almost £60m of sales
-
Cripp steers Andrews & Robertson to £5.8m
7 November 2008
In its first auction since it was acquired by Robin Cripp earlier this year, Andrews & Robertson, in association with Willmotts, sold just under half its residential catalogue.
-
JLL auction sells less than 60%
7 November 2008
Jones Lang LaSalle was the weakest performer of the big auction houses in the October commercial sales.
-
Yields rise on HBOS branches at Cushman’s latest auction
31 October 2008
Sale produces 67% success rate on back of 12 Halifax branch lots
-
Investors seek solace from GuestInvest fallout
31 October 2008
Private investors who bought rooms in the failed GuestInvest hotel developer and operator have formed a support group to try to salvage their investments.
-
Pearl calls Tyne on Byker Grove
31 October 2008
David Pearl’s Structadene has put a former BBC studio in Newcastle upon Tyne on the market.
-
Allsop begins auctions rally with 64% success rate
24th October 2008
UK’s largest auction house turns around performance slide and takes £33.7m
-
Investors should reduce property exposure
24th October 2008
Independent Financial Advisers believe their clients should slightly reduce their exposure to property.
-
Barnett Ross’s birthday treat
17 October 2008
Barnett Ross celebrated its sixth birthday by selling 54 lots at its auction last week – leading to a 78% success rate.
-
Going, going, gone? Auctions suffer their worst-ever fall
17 October 2008
ARAS data shows a 119 basis point increase on average yields in the third quarter of 2008
-
Seven Dials and Lightstone merge
17 October 2008
Two private investor property fund managers have teamed up.
-
Bank of Scotland calls it a night for GuestInvest
10 October 2008
Buy-to-let hotel room group goes into administration
-
Distressed sales help Allsop to 86% resi success
26 September 2008
Allsop produced a strong residential auction result at its two-day sale, against a backdrop of global financial meltdown.
-
Investors still see value in banks despite turmoil
26 September 2008
Auctioneers predict healthy interest in the wake of Lloyds-HBOS merger
-
Close Investments’ funds in deep freeze
19 September 2008
Private investor fund manager Close Investments has extended the freeze on redemptions put in place earlier this year on two of its property funds.
-
Glanmore asks investors to increase borrowing limit
19 September 2008
Extraordinary general meeting called as £1.1bn fund plummets in value
-
Gym boxes clever in the City
19 September 2008
Private investor syndicate Hotbed has funded the expansion of fitness club Gymbox into the City of London.
-
Norwich Union launches Asia-Pacific fund
12 September 2008
Norwich Union has launched a fund aimed at private investors that want to buy into property in the Asia-Pacific region.
-
Smaller lots key to auction success says Jones Lang LaSalle
12 September 2008
Research by firm reveals large lot sizes not selling and historically high yields in non-retail sectors
-
Auction Finance’s Emson tie-up
5 September 2008
Specialist lender Auction Finance has completed a tie-up with property auction house Clive Emson to help give private investors access to debt.
-
Hunter gathers Czech assets
5 September 2008
Edinburgh-based Hunter Property Fund Management has made its first purchases in the Czech Republic since completing a joint venture with a US property company
-
New Star fails to shine as investors claw back funds
5 September 2008
Fund manager posts 70% fall in profits as slowdown leads to soaring redemptions
-
Auction success rates climb in spite of uncertainty
29 August 2008
July sales raising £415m bring halt to sector’s year-long decline
-
Private eye: Mike Phillips
29 August 2008
As the property industry comes out of the dog days of summer and braces itself for the final quarter of 2008, its gaze will turn to the auction sector.
-
Eddisons auction results buoyed by cut-price residential lots
22 August 2008
Cut-price residential lots sold well and provided a solid base at Eddisons’ property auction in Leeds last week.
-
Investors experience relief as five-year swap rates fall
22 August 2008
Dramatic fall attributed to growing feeling that interest rates are unlikely to rise
-
New Star fund price shoots up and down
22 August 2008
Pricing for New Star Asset Management’s International Property Fund moved from bid price to offer, then back again last week, as the fund experienced outflows for the first time.
-
Axa opens door to investors to redeem cash from funds
08 August 2008
Insurance and pension company lifts suspension on redemptions in £2bn of funds
-
Gottlieb jumps into Hotbed as non-exec director
08 August 2008
Julius Gottlieb has joined UK private investor syndicate manager Hotbed as a non-executive director.
-
Property fund returns plummet
08 August 2008
Returns from property funds sold directly to private investors fell sharply in July, as sentiment towards property worsened further.
-
European Investment Commentary
6 August 2008
Knight Frank
-
Bassi’s Bigwood and Bond Wolfe merge
01 August 2008
Local entrepreneur’s West Mids auction houses join to tackle downturn
-
First to launch emirates fund
01 August 2008
First Group, the British-owned United Arab Emirates developer, is to launch an opportunity fund later this month.
-
Harman Healy suffers new resi auction low …
01 August 2008
Harman Healy has suffered its worst residential property auction this year.
-
… but market overall nosedives
25 July 2008
The property market for private investors continued to shrink in the first half of the year.
-
Allsop offloads 75% of lots in marathon resi sale …
25 July 2008
Two-day auction’s strong performance is echoed by improved Savills result
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Hotbed warms up City with £9m buy
25 July 2008
Hotbed, the private investor syndicator, has bought a mixed-use property on the edge of the City of London for £9m.
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Rocksure Propertys Bravo Fund raises £3.8m of equity
25 July 2008
Rocksure Property’s Bravo Fund, which gives private investors the chance to own luxury residential schemes in Thailand (pictured) and the rest of the world, has raised £3.8m of equity from 20 investors.
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Get Close to self-storage
18 July 2008
Close Investments is to offer private investors the chance to buy into the self-storage sector.
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High-yielding lots help Jones Lang LaSalle outperform rivals
18 July 2008
Success rate of 69% aided by office and industrial properties offered at 10%
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Trillium sales fail to boost Savills auction
18 July 2008
Savills’ success rate dipped at its commercial property auction on Monday, despite the fact that the catalogue featured several lots being sold on behalf of Land Securities Trillium – the outsourcing arm that is up for sale.
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HBOS returns to auctions, but HSBC makes rapid withdrawal
11 July 2008
Halifax puts 13 branches under hammer, but HSBC pulls sale and leasebacks days before auction
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Private eye: Mike Phillips
11 July 2008
Just as many property funds release private investors from their redemptionless purgatory, one fund is locking them in for longer.
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Auction house buddies up with property lender
04 July 2008
A property lender has teamed up with an auction house to provide advice and decisions on lending while auctions are taking place.
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Eddisons results reveal no appetite for commercial
04 July 2008
Regional property auctions continue to struggle as sentiment towards commercial property remains weak.
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Flow into property funds slows
04 July 2008
Private investors exercised caution in May.
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New Star switches focus to Europe
04 July 2008
International fund starts to see value on the continent
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Buyers reticent at Harman Healy
27 June 2008
Buyers sat on their hands and tried to secure sales after the bidding had finished at the Harman Healy residential property auction last Wednesday.
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M&G tops the funds but sector continues to underperform
27 June 2008
£925m M&G vehicle provides 4.2% return but most funds finish in negative territory
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Rowan’s new UK fund
27 June 2008
Rowan Asset Management has sold the last properties in one UK fund back to its investors to concentrate on its new UK fund.
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IFAs: property a risk
20 June 2008
Many independent financial advisers feel their clients have too great an exposure to property, and have been advising them to reduce their investment.
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Savills’ resi lots suffer
20 June 2008
Vacant property fared well but residential investment property continued to suffer at the Savills residential auction on Monday.
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Inflation drives five-year swap rates to 11-month high
20 June 2008
New investments and refinancing to suffer as hope of market upturn fades
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Auction success for Cushman & Wakefield
13 June 2008
Cushman & Wakefield maintained its position as the UK’s second-largest commercial property auction house in the first half of this year.
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Investors roll over for new Hunter fund
13 June 2008
Fund manager winds up one fund and launches another
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Mayfair winds up fund ahead of schedule
13 June 2008
Mayfair Capital Partners has wound up its closed-ended UK fund ahead of schedule and returned cash to investors.
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Goodfellows takes up Tops’ offer for auction expansion
06 June 2008
Estate agency Goodfellows has expanded and will now hold commercial and residential property auctions.
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Investors are ‘in it for the long haul’
06 June 2008
Investment Property Forum finds most are unperturbed by volatile market
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Private eye: Mike Phillips
06 June 2008
Returns are still broadly flat, the sector has only just stopped haemorrhaging cash and the Financial Services Authority is thought to be considering whether current rules and regulations are up to scratch.
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Bank sale and leasebacks buoy Cushman
30 May 2008
Bank sale and leasebacks provided a boost to the Cushman & Wakefield commercial auction last Wednesday.
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Bank sale and leasebacks lose their lustre at JLL sale …
30 May 2008
Yields on Barclays branches rose nearly 10% after consistent falls earlier in the year
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Harman finds ‘hard room’
30 May 2008
The relaunched Harman Healy residential auctions team got off to a stuttering start last Tuesday, as worries about the housing market impacted on success rates.
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Eddisons success slump
23 May 2008
A lack of interest in residential property resulted in a poor success rate at Eddisons’ Leeds auction last Thursday.
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Liquidity flows back into Norwich Property Trust
23 May 2008
Potential £70m sale of Coventry shopping centre should boost levels further
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Seven Dials up institutional investors
23 May 2008
Property fund manager Seven Dials is to target institutional investors in an effort to grow its European fund-of-funds business to £100m in the next 12 months.







