News
Bruce’s resi bonus: £320m private rented venture secures backing
Apollo and Canada’s Ivanhoé Cambridge to back Ritchie’s £320m private-rented venture in London
Princesse Tam Tam reveals rollout
French lingerie brand Princesse Tam Tam is planning its first UK store, in London, in response to a perceived gap in the market.
Welcome to Glastosea
B1 Events, the company of Simon Broackes, son of Sir Nigel Broackes, is in talks with administrators to hold a three-day festival at Battersea Power Station in June.
Finance & Recovery
C-III takes over NAI Global
Andrew Farkas’s C-III Capital Partners has completed its acquisition of NAI Global, just 10 days after negotiations between C-III and partner Colony Capital to buy rival Grubb & Ellis fell through.
Prupim’s prudent search ends with opportunistic chief
MGPA’s Alex Jeffrey will replace Martin Moore, with UK looking on the pricey side
BGC eyes up US property services firm
BGC Partners is in talks to buy or invest in struggling US property services firm Grubb & Ellis.
NAMA sets up funds to stimulate market
Agency hopes to address market’s ‘serious liquidity constraints’
Analysis
Boris will be praying for a much less eventful Olympic year
A young reporter once asked then prime minister Harold Macmillan what the most difficult aspect of his job was.
Consolidation key as market contracts
Latest league tables show volumes down on previous year and Jones Lang LaSalle the big winner after its takeover of King Sturge
Europe is muddling along ... but it needs to do so much more quickly
Mick Jagger told guests at a chalet party he threw last week in Davos that he had spent four hours that day preparing his music playlist for the glittering bash.
Yoga, pilates, spinning ... secondary pricing will need a workout of its own
The main thing is that you have to keep responding to change.
Markets - Industrial
Meteor Park fully let ahead of Segro sale
Segro has fully let Meteor Park after completing two deals that total more than 160,000 sq ft.
Hub can create jobs and connect industry, not just passengers
Our reason for undertaking this study and sharing our idea now was catalysed by the realisation that the population is going to increase by 20% to 10 million over the next 20 years, creating enormous pressure for jobs and for homes.
Roxhill ready for take-off at Coventry
Mark Glatman and David Keir draw up £250m scheme at airport. David Hatcher reports
Thames hub: cleared for take off or flight of fancy?
Prime minister David Cameron announced in January that a consultation for a sustainable framework for UK aviation would happen in March, in order to “set out long-term plans for the sector” and to “retain the UK’s hub status”.
Markets - Occupiers
Bullring key to Locker Room deal
The Locker Room has taken a 6,000 sq ft unit at the Bullring in Birmingham.
Professional
Portas business rates remedy is too little too late
It is no secret that our high streets are suffering: landlords know it, retailers know it and, of course, Mary Portas knows it.
Lack of interest lands tenant in hot water
The message: Legal principles can take precedence over fairness.
Valuers, watch your step: hazards ahead
Lawyers predict rise in professional negligence claims. Sarah Townsend reports
Reading Lights
On the day in January when unemployment among 16-to-24-year-olds reached a 19-year high of 1.02 million, Property Week visited Reading University to meet the next set of job seekers who will have to battle such statistics.
Professional - Public Sector
Health department company will oversee slew of NHS property sales
Department of Health project offers opportunities for private sector. Sarah Townsend reports
Ludgate
Retail pain champagne claim
Ping! An email from Linda Scott, regional estates manager at Sainsbury’s. Scott is on course for a bottle of bubbly, after responding to Ludgate’s bid to find the UK’s most ill-fated retail unit.
Exemplary selling tactics
Ludgate has happened upon evidence of subliminal messaging in the sale by Gladedale of Edinburgh’s exclusive Quartermile scheme. The flashy brochure describes “an unrivalled opportunity to acquire a unique 19 acre exemplar mixed-use development scheme in the heart of Edinburgh.” Hardly surprising, then, that the buyer turned out to be none other than … Exemplar!
