News by Region
All the latest property news, market reports and analysis from the UK regions.London
Boris triumphs at London vs New York debate
London claimed an overwhelming victory over New York at the LandAid “Battle of the Giants” debate last night as Boris Johnson faced off against the deputy mayors of New York.
Malaysians line up £290m Woolgate buy
Malaysian wealth fund PNB Holdings is in exclusive talks to buy the Woolgate Exchange in the City of London for almost £300m.
DevSecs gets go-ahead for £150m Shepherd's Bush scheme
Development Securities has been given the green light for a £150m redevelopment around Shepherd’s Bush market.
East of England
John Lewis ties up Ipswich regen scheme
Planning consent has been granted for a £100m Ipswich regeneration scheme that will comprise a combined John Lewis at Home and Waitrose store — the country’s first.
Bahraini backs student digs
Tadhamon Capital makes UK student housing debut with 50% stake in Suffolk scheme
East Midlands
Prologis completes Project Teal sale to Blackstone
Prologis has sold a 3.5m sq ft shed portfolio to Blackstone for around £211.4m.
OFT launches investigation in to CSC’s Westfield buy
The Office of Fair Trading has launched a merger investigation into Capital Shopping Centres’ £73.3m purchase of the Broadmarsh shopping centre in Nottingham.
Muse and Wilson Bowden shortlisted for Chesterfield regeneration
Muse Developments and Wilson Bowden have been shortlisted for a regeneration scheme in the centre of Chesterfield, Derbyshire, TheBusinessDesk.com reported today.
North east
Report on RICS North East Summit 2012
The RICS North East Summit is an annual event which attracts leading speakers from the fields of politics, finance, business and property.
Pressure group to ‘bang table’ for north-east
G9 to advise local government on continuing region’s regeneration. Sarah Stewart reports
North west
UBS launches investment fund with £43m retail purchases
UBS Global Asset Management has launched a £200m investment fund, seeded by two retail properties.
CABE criticises Peel's Liverpool Waters scheme
Architectural watchdog CABE has criticised the design Peel Group’s £5.5bn Liverpool Waters scheme, stating that proposals contained a “weakly expressed masterplan and parameters that are not yet strong enough to serve as an effective planning tool”, TheBusinessDesk.com reported today.
Northern Ireland
Henderson's last-minute spending spree
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).
Medicx takes prophylactic approach to leasebacks
Healthcare property investor Medicx has completed its first transactions since a £55m capital raising
Regional shopping centres scare off nervous investors
Addington Capital pulls out of Birkenhead malls purchase, as Belfast’s CastleCourt bidders baulk at price
Scotland
Exemplar’s Edinburgh escapade: London developer to buy Quartermile scheme
Exemplar Properties is to buy Edinburgh’s most prestigious development site, in a dramatic entry on to Scotland’s large-scale development scene.
North Sea oil company relocates Aberdeen HQ
A North Sea oil exploration company has taken a headquarters building at Gladman Developments’ Abercrombie Court scheme in Aberdeen.
News by Region
South East
UBS launches investment fund with £43m retail purchases
UBS Global Asset Management has launched a £200m investment fund, seeded by two retail properties.
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”.
South West
Premier Inn gets £10m Bristol hotel green light
Premier Inn has secured planning permission for a 175-bed hotel in Bristol city centre.
Moorfield studies in Exeter
Moorfield has bought the former Printworks site on Western Way in Exeter, to develop as a 487-bed student accommodation scheme.
Restaurants sign up at Trowbridge scheme
Frankie & Benny’s and Prezzo have signed up to take space at Innox Riverside, a leisure-led mixed-use scheme in Trowbridge.
Wales
Peacocks collapses into administration
Administrators have today been appointed to The Peacock Group in what is one of the biggest retailing collapses since Woolworths went into administration in 2008.
Green Deal to fall short, developers warn
Developers have warned the government that its flagship energy initiative is unlikely to deliver the change necessary for the UK to meet its emissions targets.
Queensberry in running for Friars Walk
Queensberry Real Estate has submitted a planning application for a 390,000 sq ft retail scheme in Newport, Gwent.
West Midlands
Aviva and Coventry's £300m city centre plan revealed
The plan to redevelop the heart of Coventry has taken a significant step forward with the release of a detailed blueprint for the regeneration of a major part of the city centre, TheBusinessDesk.com reported today.
Cordea Savills buys Worcestershire warehouse
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.
Battle of buyers in Birmingham’s Cornwall Street
Leaseholder will have to negotiate with freeholder Nurton. David Hatcher reports
Yorkshire
Prologis completes Project Teal sale to Blackstone
Prologis has sold a 3.5m sq ft shed portfolio to Blackstone for around £211.4m.
Canada Life to leave Leeds at a loss
Princes Exchange in Leeds has been put up for sale by Canada Life.
