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South east
Welcome to the South East of England property coverage at PropertyWeek.com, giving you all the news and views from Kent, Essex, Surrey, Sussex and the Thames Gateway.South east news
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”.
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.
Glades extension provides locals with food for thought
A 15,000 sq ft extension to the Glades shopping centre in Bromley is expected to be given the go-ahead at the end of the month.
Prepacked Jane Norman joins Wolsey Place line-up
Woking shopping centre extension will now open fully let. Sarah Stewart reports
Medway timetables railway regeneration route
Now that a new station is about to open in Gillingham this month, attention is turning to its neighbour further along the line, Rochester.
Surrey County Council deploys Dambuster
Search for space reveals no suitable site anywhere within county boundary. Sarah Stewart reports
Vestas blows life into Sheerness site
Sarah Stewart reports on Vestas Offshore’s proposal for a 227 acre Isle of Sheppey plot
Livingstone brothers complete Cliveden buy
Richard and Ian Livingstone have completed their purchase of the Cliveden House Hotel, the hotel made famous in the Profumo affair.
PMB to build £35m Milton Keynes data centre
Peter Beckwith’s PMB Holdings is to build a £35m data centre in Milton Keynes on the Maxwell House site once owned by disgraced ex-media tycoon Robert Maxwell.
Middle Eastern investor buys £36m NAMA mansion
The sale of a mansion put into receivership by Ireland’s National Asset Management Agency completed this week, with the buyer paying £27m less than the level of the building’s debt.
Councils take on stalled shopping centre schemes
Aylesbury Vale and Ealing step in to progress projects left in limbo by Palmer Capital and Glenkerrin
Office take-up in the South East up by 6%
The South East office market saw a 6% increase in take up in 2011 compared with 2010, with space transacted in the region totalling 4.38m sq ft, research from Strutt & parker has shown.
Blackberry manufacturer moots new HQ
Blackberry manufacturer Research in Motion has appointed CBRE to do a feasibility study for a potential 120,000 sq ft European HQ.
L&G to splash £112m on Reading Tesco shed
Distribution hub sale will be UK industrial property’s most expensive
South east offices surge sparks speculative schemes
Office take-up in the south east rose by 42% in the final six months of 2011, prompting a tentative return to speculative development, according to research conducted by CBRE.
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CBRE Global Investors buys across the UK
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Stobart enters agreement to buy portfolio from chief executive
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Threadneedle completes £30m Marlow deal
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Prupim begins SE spree with Reading and Woking buys
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SWIP buys Brighton retail park
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Nestle confirms Croydon exit
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Lok'nStore wins Maidenhead green light
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Nestle to leave Croydon for L&G Crawley scheme
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MEPC secures Basingstoke's biggest letting
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SWIP to sell Reading asset
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Orchard Street completes Cambridge acquistion
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Legal and General secures Godalming letting
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B&M targets middle-class bargain hunters
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Clyde & Co doubles space at Goodman's Oxford Business Park
South East data
Colliers International: South East Offices Snapshot - November 2011
Total M25 availability fell for the second successive quarter to stand at its lowest level for 12 months.
King Sturge: Thames Valley Offices - Q1 2011
The Thames Valley experienced a strong start to 2011, laying the foundations for a steady year. The quarter saw a number of milestones achieved.
south east analysis
Whittaker's wisdom will help CSC to fight back
“The Trafford Centre is not brash, it’s entertainment. It’s not a smart restaurant in Regent Street, but people come here and they like it. I don’t call that brash.”
Berated by Kent
In contrast to the south-east, office rental growth in Kent recovered slightly on 2009 and outperformed the region as a whole.
Retailers hold key to returning empty flats above shops to use
There are more than 1 million empty homes in the UK, national charity Empty Homes reports — enough to house half the families on housing waiting lists
south east professional
Valuers, watch your step: hazards ahead
Lawyers predict rise in professional negligence claims. Sarah Townsend reports
People moves: Hamworth Estates, Savills, Farebrother, Denstone Real Estate Advisors
Co-operative Bank has promoted property finance specialists Phil Basten and Rob Dawson.
Valuers at a loss to explain error of judgement
The Message: Professionals should not act without the required expertise
