News by Region
All the latest property news, market reports and analysis from the UK regions.London
WELPUT hires agents to seek £200m Midtown partner
The West End of London Property Unit Trust has instructed advisers to seek a joint venture partner to buy a majority stake in its New Court scheme in London’s Midtown, Property Week can reveal.
Ronson secures £170m residential debt deal
Ronson Capital Partners, the investment firm established by Gerald Ronson and Jonathan Goldstein, has confirmed it has secured £170m of development finance to fund its central London residential riverside development, Riverwalk in Westminster.
LXB to sell £100m of Greenwich property
LXB Retail Properties has agreed to sell more than £100m of properties in Greenwich, south-east London, largely to clients of Aberdeen Asset Management.
East of England
All stations go as Brookgate gets on board in Cambridge
Proposed railway stop to serve city’s science parks is now viable.
Cambridge campus has right formula for AstraZeneca
Countryside and Liberty’s Cambridge Biomedical Campus is frontrunner for 600,000 sq ft headquarters.
East Midlands
Derby sales day
The Derby Riverlights leisure scheme, next to Westfield Derby shopping centre, has been put up for sale by its LPA (Law of Property Act) receivers.
Blackstone buys £35m Eddie Stobart hub at Daventry terminal
Private equity giant Blackstone has bought a distribution hub at Daventry International Rail Freight Terminal in Northamptonshire, as it continues to grow its European logistics platform.
£120m shopping centre portfolio on the block
The property company of former Glasgow Rangers Football Club owner and chairman Sir David Murray is to sell three shopping centres.
North east
Intu submits £17m Eldon Square plans
Intu has submitted a planning application for a £17m redevelopment of two of the malls within its Eldon Square shopping centre in Newcastle.
£120m shopping centre portfolio on the block
The property company of former Glasgow Rangers Football Club owner and chairman Sir David Murray is to sell three shopping centres.
North west
Administrators aim to squeeze £1bn out of Opal sales
Ernst & Young, Grant Thornton, PWC and KPMG to sell student group assets.
Northern Ireland
CBRE welcomes Northern Ireland stimulus package
CBRE has welcomed a new economic stimulus package for Northern Ireland.
Senior EMEA changes at CBRE
CBRE has today announced two new appointments to its EMEA senior management team.
Northern Ireland’s flag bearers
Renewed trouble in Northern Ireland has caused concern, but has not scared off all investors. David Hatcher reports
Scotland
CBRE signals “largest development surge in a generation”
The sustained dearth of shopping centre development in Great Britain is finally over, according to CBRE.
News by Region
South East
Schroders appoints CBRE to sell QVC headquarters in Chiswick
CBRE has been appointed by Schroders to sell QVC’s headquarters at Chiswick Park for £69m.
Tesco moves over to dark side in Abingdon
Tesco is to ramp up its assault on the online shopping market by applying for planning permission for what will be its seventh “virtual supermarket”.
South West
Portsmouth tall building unveiled
Plans for an 18-storey tower in Portsmouth have been unveiled in one of the city’s key regeneration sites.
Pilgrims progress with new plans for Home Park
Akkeron Regeneration has submitted plans for the £50m redevelopment of Plymouth Argyle’s football ground, Home Park.
Lloyds continues regional borrowing drive with new refinancing
Lloyds Bank Commercial Banking has completed the £38m refinancing of a regional property company.
Wales
It’s not too late for Cardiff to adapt its ill-conceived LDP
Cardiff’s emerging Local Development Plan (LDP) is long overdue, largely owing to criticisms and questions over its deliverability. Current proposals raise concerns about the scale of development; 45,400 new homes focused on four greenfield locations around the outskirts of the city by 2026.
Welsh government in £15m office buy
The Welsh government has bought a second development scheme in Cardiff for around £15m, as it seeks to stimulate the city’s struggling office market.
Queensberry signs new retailers at Friars Walk
Queensberry Real Estate has signed two new retailers at its Friars Walk scheme in Newport.
West Midlands
Portfolio of 78 pubs and social clubs up for sale
A portfolio of 78 pubs and social clubs, which are in administration, has been put up for sale for a price tag understood to be more than £19m.
Burton upon Trent lands SuperGroup
Clipper Logistics has taken one of the few remaining large speculatively developed warehouses in the Midlands for fashion retailer SuperGroup
Yorkshire
John Lewis agrees Eastgate prelet
Retailer John Lewis has signed heads of terms with John Lewis to anchor the 350,000 sq ft first phase of Hammerson’s Eastgate Quarters in Leeds, paving the way for a potential start on site in early 2014.
Norwegians go exclusive on Meadowhall
Norway’s giant sovereign wealth fund has entered into exclusive talks to buy a prized stake in one of the UK’s largest shopping centres, Meadowhall in Sheffield, Property Week can reveal.
