East of EnglandWelcome to the East of England property coverage at PropertyWeek.com, giving you all the news and views across Cambridge, Ipswich, Norwich, Norfolk and Suffolk.
East of England news
Brookgate awaits decision of public inquiry into demolition of Victorian terrace to make way for CB1 scheme’s next phase.
Retail warehouse sales fund second phase of Futura’s scheme.
Red Lion Yard and Lion Walk once formed a Roman road, running through Colchester. Like all Roman roads, it was straight.
The news that Anglo-Swedish pharmaceutical company AstraZeneca has appointed the architect behind London’s Tate Modern gallery to transform the biomedical campus near Addenbrooke’s Hospital, Cambridge, into its national headquarters, ends months of speculation about the size of the scheme.
BioFocus, the drug research company, showed that it was equally capable of property research when identifying a site for a new headquarters.
Office products distributor vacates second shed in Sawston area.
Discounter targets “middle market” in eastern counties.
One of Cambridge’s architectural embarrassments of the 1960s — the front of the University Arms hotel on Regent Street in the city centre — is to be demolished and replaced by a more traditional frontage.
More than two years after furniture chain Habitat went into administration, the Norwich branch in London Street will reopen as Cosmo, the pan-Asian buffet restaurant (pictured), and the Gym, a budget gym. Landlord HSBC granted Cosmo a 15-year lease with five-yearly rent reviews on 13,750 sq ft at £100,000 a year. The Gym took 13,230 sq ft. Bidwells acted for Cosmo; Francis Darrah advised HSBC.
The Norwich office of Jones Lang LaSalle was responsible for the city’s biggest letting this year — but as a tenant, not an agent.
Lend Lease has been lined up as the asset manager for the Queensgate shopping centre in Peterborough, in a first for the company in the UK.
Private equity real estate manager Henley Investments has sold the Mendlesham Industrial Estate in Suffolk to fund manager CCLA for £20m, a yield of 8.75%.
Harford Attachments, the Norwich-based firm that manufactures excavating buckets for mechanical diggers, has exchanged contracts to buy the factory of the failed double-glazing company, Uniglaze.
Pace Investments has leased around 30,000 sq ft of offices at Francis House in Cambridge to technology giant Siemens, in what is one of the largest office lettings in the city centre for 2013.
Cerberus Capital Management has withdrawn from the market a portfolio of six assets occupied by Aviva, Property Week can reveal.
Developer’s first venture could attract occupiers priced out of Cambridge. Christine Eade reports
east of england analysis
House prices are as unaffordably high as at the top of the 2007 boom across wide swathes of southern England, not just Bankerland in Knightsbridge and Notting Hill.
Like a holiday romance, sometimes the best things just aren’t meant to last. Property Week is seduced by 10 scorching summer pop-ups
The government’s mysterious Nudge Unit is moving into the world of property. Sarah Townsend prepares to be influenced
My latest life-changing acquisition is a piece of luggage on wheels.
east of england professional
Diocese’s £1m installation on 220 vicarages will cut carbon emissions.
Four Simply Food stores are to be retrofitted with energy-saving features. Sarah Townsend reports
Changes will protect sites in planning stages from protestor action.
East of England data
Demand for industrial and logistics space in Cambridge will be driven by mid-tech and research and development occupiers but a severe lack of supply means that market activity will be hampered.