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Office Property News

All the news from the office property market – commercial office buildings, development, deals and investment.

Croxley Park Amenity Hub

Columbia Threadneedle gets go-ahead for amenity hub

24 March 2017

Columbia Threadneedle has received planning permission for an amenity hub at its Croxley Park business park in Watford, Hertfordshire.

London skyline

BE Offices refinances and sets sights on growth

23 March 2017

BE Offices has completed a £65m refinancing of its property portfolio with HSBC as the company looks to expand and acquire new centres in London. 

Exchange Tower Reception KWE

CIBTvisas checks-in to suite at Exchange Tower

23 March 2017

Travel visa and passport company CIBTvisas has taken the remaining ground floor suite at Kennedy Wilson Europe Real Estate’s Exchange Tower in Edinburgh on a ten-year lease.

RTE television centre Dublin

Project Monrose up for sale for €75m

22 March 2017

Irish national broadcaster, RTÉ (Raidió Teilifís Éireann) has put up for sale a prime development land in Donnybrook, Dublin 4 for €75m.

Maraton_Skanska_Union

Skanska sells Maraton offices to Union for €62m

22 March 2017

Skanska has sold its Maraton office building in Poznan, Polanda real estate fund managed by Union Investment for €62m.

Canary Wharf

Saïd Holdings refinances Canary Wharf block

20 March 2017

Saïd Holdings has completed a £137.5m refinancing of the debt on its Canary Wharf office building, 5 Churchill Place. 

Farnborough Business Park, Hampshire

Harbert and XLB set to sell fully let Farnborough park

17 March 2017

US private equity firm Harbert Management Corporation and joint venture partner XLB have appointed agents to find a buyer for Farnborough Business Park, having secured the final tenant at the 125-acre park earlier this month.

Walkie-Talkie tower

Canary Wharf Group mulls sale of Walkie Talkie stake

16 March 2017

Canary Wharf Group has approached agents about selling the 50% stake it manages in 20 Fenchurch Street, otherwise known as the Walkie Talkie, for around £600m.

Paddington Cube

Javid gives green light for Paddington Cube plans

16 March 2017

Communities secretary Sajid Javid has given the go-ahead for Sellar Group’s Paddington Cube plans.

Liverpool Waters by Night

Mipim 2017: plans unveilled for £5bn Liverpool Waters project

15 March 2017

The Peel Group-led team behind Liverpool Waters has revealed plans for the regeneration of the central docks neighbourhood at Mipim alongside releasing eight new plots for investor development.

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Cardiff

Is Cardiff set for another year of record office take-up?

Central Square has been at the centre of the Cardiff success story. Now, the Government Property Unit (GPU) is expected to take a pre-let on 300,000 sq ft at 3 Central Square in a deal that could lead to another record year in terms of office take-up for the city - if, that is, there is sufficient space left to satisfy rapidly growing demand. The problem is that there is not.

Andrew Percival UPP

A man on the UPP: Andrew Percival interview

Andrew Percival has every right to feel nervous. It is his first major interview since being appointed managing director of UPP Projects last July and he now leads a company that has been responsible for the development of a portfolio of 36,500 student accommodation rooms, not to mention a further £1bn of projects in the development pipeline.

Central Square, Leeds

Can Leeds reach the magical 1m sq ft office take-up mark?

Will the Leeds city centre office market punch through the 1m sq ft take-up barrier in 2017? That is the question agents in the city are debating at the moment.

Liz Hamson, editor of Propety Week

Mood surprisingly relaxed at Mipim

At Mipim, you can usually gauge when the market’s about to hit the skids by the extravagance of the events and number of scantily clad women tottering around.

Kirkstall Forge

After a long wait, work is forging ahead at historic Kirkstall site

In the 1580s, iron production commenced at Kirkstall Forge, a 57-acre chunk of land, split by the River Aire, just 3.5 miles from the heart of Leeds city centre.

Containerville

Let's think outside the traditional office box

What does a landlord want for Christmas? Probably a long-term, profitable tenant. Ask a small business what it wants from Santa and chances are the answer is “a flexible, affordable space that allows me to grow”.

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Poll

With Crosslane, Amiri Capital & UPP all involved in major student accommodation deals this week, is the sector set to eclipse its record £5.7bn-worth of annual deals in 2017?