South eastWelcome 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
Benson Elliot and Stanhope have been granted planning consent by Reading Borough Council for the £500m redevelopment of Station Hill.
Redefine International has bought the Weston Favell Shopping centre for £84m from Aviva.
Henderson Global Investors has bought a Bournemouth retail park for £34m.
Schroder Real Estate Investment Trust has completed a deal to acquire a retail block in Portsmouth, facing onto Centros’ proposed Northern Quarter development.
The Bracknell Regeneration Partnership, a 50:50 joint venture between Legal & General Property and Schroder Property, has agreed lettings to Carluccio’s and Primark at their Bracknell town centre development.
A subsidiary of Oaktree Capital Management and Hines have together acquired a £20m office campus in Bracknell.
Christian Candy’s Omni Capital has provided £15m of development funding to bring a grade II-listed former stately home to the market.
The third floor of 100 Holdenhurst Road in Bournemouth has been let to Arthur J Gallagher.
CBRE Global Investors has bought two sheds in both Milton Keynes and West Thurrock for a total of almost £20m.
Inland Homes has acquired land from the Defence Infrastructure Organisation that has the potential for 300 homes.
LondonMetric has sold three retail parks in two transactions, totalling £31.6m.
Westfield and Hammerson have secured a resolution to grant planning consent for their £1bn redevelopment of the Whitgift Centre in Croydon.
Reynolds Catering Supplies, buoyed by the booming restaurant trade to which it supplies fruit and vegetables, has solved its expansion issues by buying the freehold of a tenanted warehouse next to its premises in Waltham Cross, on the Essex-Hertfordshire border.
NewRiver Retail has bought a £90m portfolio of pubs for conversion into retail, as it reports strong half year results.
Legal practice Charles Russell has signed a 15-year lease for 20,911 sq ft at IM Properties’ One London Square in Guildford.
British Land and Tesco have pre-let a 20,500 sq ft leisure extension at the Kingston Centre in Milton Keynes.
South East data
The Economic Outlook reports that in Kent the situation is positive with increased orders from businesses reinforced by concerted efforts to increase Kent’s business potential with two new Regional Growth Fund programmes, TIGER in North Kent and Escalate in West Kent due to be launched in November 2013.
Investment in industrial and logistics property was higher in the first half of 2013 than during the whole of 2012, according to research from CBRE.
south east analysis
As the market enters a new cycle, we identify the operators positioned to catch the upswing. Hannah Brenton reports
Rows over two airports this week spoke of the desperate scramble for inward investment into the UK.
The involvement of politicians in planning decisions is holding back growth and development. Rhiannon Bury considers the alternatives
south east professional
Make the most of available perks. Felicity Francis reports
Legal 500 lists top law firms by region, discipline and tier. Sarah Townsend reports
GLA in talks with neighbours to ease capital’s housing shortage. Sarah Townsend reports