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West Midlands
Welcome to the West Midlands property coverage at PropertyWeek.com, giving you all the latest news and views from Birmingham and the surrounding areas.West Midlands news
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
Birmingham Science Park’s digital evolution
Wrenbridge, Vinci Construction, Thomas Vale, Muse, Bruntwood and Trebor Developments with Hortons’ Estate are all thought to be vying to become Birmingham Science Park Aston’s development partner for the park’s next phase, Digital Plaza.
Bruntwood bulks up in Birmingham
Manchester-based firm buys Centre City and eyes 2 Cornwall Street. David Hatcher reports
Inside the deal: Law Society at the Cube
In December, the Law Society, the representative body for solicitors and lawyers, leased 57,290 sq ft at the Cube in Birmingham, consolidating its presence in the West Midlands. However, the process was not all plain sailing.
Roxhill ready for take-off at Coventry
Mark Glatman and David Keir draw up £250m scheme at airport. David Hatcher reports
Meteor Park fully let ahead of Segro sale
Segro has fully let Meteor Park after completing two deals that total more than 160,000 sq ft.
Q+A: Hammerson’s Bullring man
Hammerson’s new portfolio director, Martin Plocica, joined the company in October to oversee the running of six of the REIT’s largest centres in the UK, including its Birmingham flagship, the Bullring. David Hatcher spoke to the American about the future of the 1.2m sq ft centre
Co-op hire signals urban expansion
The Co-operative Group has hired Stephen McDonald from Lidl as regional acquisitions manager for central and eastern England.
Grosvenor's Burton mall for sale at £100m
Grosvenor is preparing to bring its Coopers Square shopping centre in Burton-upon-Trent to the market for around £100m.
Cutts’ ‘country’ retreat
The former headquarters of John Cutts’ Parkridge Holdings in Solihull have been put on the market by receivers at BNP Paribas Real Estate and PWC, which are dealing with the holding company’s administration.
Bullring key to Locker Room deal
The Locker Room has taken a 6,000 sq ft unit at the Bullring in Birmingham.
Food chains fight over Dudley site
Asda, Sainsbury’s and Morrisons are all thought to be interested in operating a 75,000 sq ft supermarket on the site of the former Inland Revenue office, Cavendish House, in Dudley Town Centre.
GVA appointed to sell Beetham Birmingham hotel
GVA has been appointed to sell the long leasehold on a major Birmingham hotel previously owned by Stephen Beetham.
West Midlands analysis
Northern Soul: Exclusive interview with John Whittaker
John Whittaker gives Property Week an exclusive audience and helicopter tour of his north-west empire. James Whitmore reports.
INTELLIGENCE: Jones Lang LaSalle’s new year forecast
Jones Lang LaSalle’s annual property predictions paint a cautious picture of the year ahead and few chinks of light are expected to shine through. Here are the most notable findings:
DTZ wakes up from three-year nightmare
How can a business that turned over £347m last year be worth nothing? Answer: if it is DTZ and has let a solid global operating business become swamped by debt.
Barriers remain to transformation of public sector estate
Only £1.5bn of capital receipts have been generated across English local authorities over the last financial year
Second coming: Infrastructure and funding
Infrastructure and funding issues in Britain’s second city were top of the agenda at Property Week and NoMa’s Big Debate in Manchester. Paul Unger reports
Brum just as good as London - or better
Sir, David Erwin paints a picture of a two-tier commercial property market: London, and the regions. His is “a tale of one city”, in which “London powers ahead”, while the “regions are not great”.
West Midlands professional
Reading Lights
On the day in January when unemployment among 16-to-24-year-olds reached a 19-year high of 1.02 million, Property Week visited Reading University to meet the next set of job seekers who will have to battle such statistics.
Desert Island Bricks: Lesley-Anne Avis
Incoming national chairman of the Association of Women in Property reveals her all-time favourite places
People Moves: CBRE Global investors, Hammerson, Haslams and more...
OBI Property has recruited Michael Morgan from his own firm, Morgan Surveyors, to head the professional services and asset management department.
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