Nick Duxbury Editorial
Property Week
Nick is a finance reporter.
Stories by this contributor.
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Landid forms energy ratings business
12 March 2010
and new environmental building performance system
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BNP Paribas Real Estate moves to 5 Aldermanbury Square
5 March 2010
BNP Paribas Real Estate has agreed its headquarters move from 90 Chancery Lane to 5 Aldermanbury Square.
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Sky TV confirms move to Stockport development
5 March 2010
Sky TV has agreed to open a new office in Stockport, revealing itself to be the occupier behind the secretive “Project Boomerang”.
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Aberdeen buys 104,380 sq ft Finnish office
5 March 2010
Aberdeen European Balanced Property Fund has bought Redevko’s Turun Sampotalo office building in Turku, Finland.
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ProLogis lets 372,571 sq ft to 99p Stores
5 March 2010
ProLogis has let a 372,571 sq ft shed to 99p Stores at ProLogis Park Pineham in Northampton.
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Park Inn Hyde Park to be sold for £35m
5 March 2010
Gresham Hotel Group is selling the Park Inn Hyde Park in London for around £35m.
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Valeo Fund launches in UK and Europe to buy in US
5 March 2010
US based private equity fund Valeo Fund has launched in Europe in order to attract investment from high net worth individuals and private wealth managers in the UK and Europe – to spend in the US.
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Bupa takes 45,000 sq ft in Brighton
5 March 2010
Bupa International has ended a drought of major lettings in Brighton by agreeing to take 45,000 sq ft at Invista Foundation Property Trust’s Victory House in Trafalgar Place.
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Whom to know: Bob Neill
05 March 2010
The Conservatives’ deputy chairman is propagating an overhaul of the planning system
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First Industrial buys 540 acres from “donorgate” developer
3 March 2010
First Industrial Developments has agreed to buy a 540-acre development site in County Durham from developer and Labour Party donor David Abrahams.
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Rreef buys German office tower for €123m
3 March 2010
Rreef Investment GmbH has bought the Park Tower office building in Frankfurt from a Morgan Stanley fund for around €123m.
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Whitbread appoints Easy Jet boss as its new chief executive
3 March 2010
Whitbread has appointed Easy Jet boss Andy Harrison as its next chief executive to succeed Alan Parker.
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Pepsi Co signs at Theale
3 March 2010
Pepsi Co has signed a new lease with Aviva Investors at its 37,000 sq ft building at Arlington Business Park in Theale, Berkshire.
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Grosvenor Estate signs Carluccio’s in Chester
3 March 2010
The Grosvenor Estate has agreed terms to lease its building at 38 Bridge Street, Chester to restaurant operator Carluccio’s.
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Administrators sell Gravetye Manor Hotel and Country Club
3 March 2010
The administrators of Gravetye Manor Hotel and Country Club in near East Grinstead in East Sussex have sold the hotel and business.
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Prupim buys Manchester retail park at lowest yield so far this cycle
2 March 2010
Prupim has exchanged contracts to buy the Stanley Green Retail Park in Wilmslow, Manchester at the lowest yield achieved for a retail park in the current market cycle.
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Coplan Estates selected as preferred development partner for £50m Herne Bay scheme
2 March 2010
Coplan Estates has been selected as preferred development partner by Canterbury City Council for the £50m mixed use redevelopment of a council-owned site in Herne Bay.
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NewRiver Retail and Morgan Stanley set up £250m joint venture
1 March 2010
NewRiver Retail, the AIM-listed company set up by Halladale founder David Lockhart, has formed a joint venture with Morgan Stanley Real Estate Investing (MSREI) to spend up to £250m on UK retail property.
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Property’s ire at Tory ‘green paper’
26 February 2010
Shadow planning minister defends “third-party rights of appeal”
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Industrial Evolution
Sheds February 2010
The recession has spawned a new generation of industrial property start-ups
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Per Capita growth
26 February 2010
Joining the Capita Symonds fold has given NB Real Estate the backing to expand, but how will it survive in the "big company" world?
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Quintain wins £10m government funding for Bristol science park
24 February 2010
Quintain has secured government funding to speculatively begin the first phase of development at the £300m SPark science park at Emerson Green near Bristol.
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Cameron heralds Tory planning paper as "biggest power shift in decades"
22 February 2010
David Cameron today unveiled the Conservative Party’s long awaited policy paper on planning describing it as “the most radical policy any government could ever introduce”.
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Graftongate pre-lets 85,000 sq ft to John Lewis in Enfield
19 February 2010
Graftongate has pre-let an 85,000 sq ft warehouse to John Lewis Partnership, for a customer delivery hub near Enfield.
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REDC and Zoopla.co.uk sells 57 properties in debut sale
19 February 2010
US auction house Real Estate Disposition Corporation (REDC) and Zoopla.co.uk sold 57 properties in their first joint venture online auction sale last weekend and said this showed a shift in the auction sector “from the ballrooms to the living rooms” as people were happy to buy property online.
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Grosvenor agrees to fund Stoford Cambridge Fire Station scheme
19 February 2010
The Duke of Westminster’s Grosvenor has agreed terms with Midlands developer Stoford to fund the redevelopment of Cambridge Fire Station.
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Topshop and Topman sign up to Overgate Shopping Centre
19 February 2010
Lend Lease has let a unit at its Overgate Shopping Centre in Dundee to Topshop and Topman.
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Buncefield shed’s Mammoth makeover
19 February 2010
Industrial occupier uses clever consent to market distribution unit
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Schwartz tries Europe for size
19 February 2010
Former Prologis chief ponders bid for Gazeley assets
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WHAT TO KNOW Third-party right of appeal
19 February 2010
Developers have reacted angrily to Conservative proposals to allow parties other than applicants and local authorities to have a big say in planning appeals
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Gazeley gets green light for two industrial schemes
17 February 2010
Industrial developer Gazeley has been granted detailed planning permission on two of its key development sites: G Park Bristol and G Park Strood in Kent.
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Prupim recruits Mayfair Capital fund manager
17 February 2010
Prupim has appointed Justin Upton as deputy fund manager o f the M&G Pooled Property Fund, which is targeted at institutional investors.
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Cushman & Wakefield forms new alliance partnership in Norway
16 February 2010
Cushman & Wakefield has formed an alliance agreement with Malling & Co in Norway after Malling & Co bought its previous alliance partner Mork & Partners.
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Blackstone and Prupim sign up to the Better Buildings Partnership
16 February 2010
Blackstone Group and Prupim have both signed up to the Better Buildings Partnership scheme to cut carbon pollution and reduce energy costs from commercial property in London.
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LDA completes two key land deals for data storage developments at Rainham
15 February 2010
The London Development Agency (LDA) has completed two land deals at Beam Reach 8 in Rainham to allow 60,000 sq ft of new development for data centre operators.
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DevSecs and Slough Borough Council sign agreement for £450m Heart of Slough
15 February 2010
Development Securities and Slough Borough Council have signed a development agreement for the £450m ‘Heart of Slough’ project that will see it carry out a land swap.
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Application made for £137m regeneration of Ealing’s Green Man Lane
15 February 2010
Rydon and A2Dominion have submitted a planning application for the £137m regeneration of the Green Man Lane estate in West Ealing, London.
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Property values rise 1% in January
12 February 2010
Capital growth eased to 1% in January while rental growth resumed in City and West End office according to the Investment Property Databank (IPD) UK Monthly Index.
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Prologis cleans up in Midlands leasing surge
12 February 2010
Oxford University Press and Gap swoop in Kettering and Stafford
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Angelo Gordon and Westcore buddy up
12 February 2010
US fund manager and investor buy £18.4m loan on three City properties
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Whom to know: Tim Wheeler
12 February 2010
Brixton’s ousted chief executive will have to wait until April to defend himself
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Allsop sees demand for London-based catalogue reduce average retail yields
11 February 2010
Allsop kicked off 2010 with a strong commercial sale yesterday that saw average single let retail yields in the room drop by around 70 basis points since December.
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Countryside Properties and L&Q appointed for £560m South Acton regeneration
9 February 2010
Countryside Properties and L&Q have been selected to carry out a £560m regeneration of Ealing’s largest housing estate, South Acton.
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Secretary of State for Wales backs ports redevelopment
9 February 2010
Conygar Investment Company and The Crown Estate have received the backing of Peter Hain, Secretary of State for Wales, for the redevelopment of the ports of Holyhead in Anglesey and Fishguard in Pembrokeshire.
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City & Provincial Properties submits 1m sq ft Deptford masterplan
9 February 2010
City & Provincial Properties has submitted its plans for the 1m sq ft regeneration of the Wharves scheme in Deptford to the London Borough of Lewisham.
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Government allocates £60m for “eco show homes”
8 February 2010
The government has stumped up £60m of cash to finance the building of 600 “eco-show-homes”.
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Chelsea Barracks clash to be heard in April
5 February 2010
A court case between Christian Candy’s CPC Group and Qatari Diar Real Estate Investment over the £1bn Chelsea Barracks site will be heard from 22 April – an earlier trial date than expected.
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HSBC embarks on €1bn spending spree
5 February 2010
“World’s local bank” completes fundraising and buys Valad industrial portfolio
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City Living arms in administration
5 February 2010
Backers Aviva and Anglo Irish prompt BDO appointment
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Pearl's a seller
5 February 2010
In next week's keenly awaited first Allsop auction of the year, investor David Pearl will make the latest in a rare series of sales. What is his plan? Nick Duxbury finds out
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Fund manager gets green light from Treasury for first PAIF fund
3 February 2010
Start-up fund manager Clavis Walden has been given the all-clear by the Treasury to push ahead with the UK’s first property authorised investment fund (PAIF).
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Medical company buys Motorola site in Swindon
2 February 2010
Medical products manufacturer Vygon has won planning consent for the redevelopment of a 46-acre former Motorola site in Blunsdon, Swindon.
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JLL auctions team sets up on its own
2 February 2010
Jones Lang LaSalle’s auction department is breaking away from the firm to set up on its own.
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Agents slam London board clampdown
29 January 2010
Firms threatened with £2,500 fines for Hammmersmith and Fulham signs
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Banks still the safest place to put your money
29 January 2010
Private investors have lost none of their appetite for high street banks
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England v Germany values row escalates
29 January 2010
“Ranting and raving“ RICS president-elect Peto defends views on German market
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Kenmore’s Brum tower up for grabs
29 January 2010
CB Richard Ellis to formulate strategy for key development site
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Segro swoops to buy BAA airport stake
29 January 2010
REIT in negotiations to purchase 50% of portfolio for more than £260m
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Tories plot planning shake-up
29 January 2010
Conservatives’ radical overhaul of system would “democratise” planning process
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Highcross sells 10 industrial buildings
27 January 2010
Highcross has sold 10 industrial buildings in four deals at developments in Rugby, Crewe and Kidderminster totalling £8m.
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Muse lets 10,000 sq ft in Stockport
26 January 2010
Muse Developments has let a 10,000 sq ft office building at Cheadle Royal Business Park in Stockport, to Mansion Group.
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UK recession is officially over
26 January 2010
The recession is officially over, according to figures published this morning which showed that the UK economy grew by 0.1% in the last three months of 2009.
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Orchard Street Investment Management buys £19.2m Uxbridge offices
26 January 2010
Orchard Street Investment Management has agreed to buy Capital Court in Uxbridge, from Standard Life Investments Property Income Trust for £19.2m.
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RO Developments gets consent for 110,000 sq ft Bracknell offices
26 January 2010
RO Developments, in partnership with Urban Switch, has won detailed planning consent for 110,000 sq ft of offices in two new buildings in Bracknell town centre.
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Orega signs two new occupiers to Beehive
26 January 2010
Orega has signed up two new occupiers to its Beehive business centre near Gatwick airport in West Sussex, taking the building to 80% occupancy within a year of its opening.
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Masterplan for Colwyn Bay regeneration moves forward
26 January 2010
Conway Council has appointed spatial planning consultants DPP Shape to draw up a masterplan for Colwyn Bay town centre in Conwy, North Wales.
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Max to buy UBS Triton office portfolio
25 January 2010
Max Property Group has exchanged contracts to buy a portfolio of office properties from the UBS Triton Property Fund for £36.5m at a net initial yield of 12.7%.
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REDC teams up with Zoopla.co.uk for online auctions
25 January 2010
US auction house Real Estate Disposition Corporation (REDC) has formed a joint venture with property website Zoopla.co.uk to hold live online residential auctions.
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WHEELER TRIBUNAL: Former Brixton chief must wait until April to break his silence
22 January 2010
Former Brixton chief executive Tim Wheeler will have to wait until 6 April before he gets to officially break his nine month silence at his tribunal for unfair dismissal.
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Auctions: ARAS index shows fast-improving market
22 January 2010
Jones Lang LaSalle/IPD auctions analysis shows acceleration in yield falls in fourth quarter of 2009
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Ex-Prologis pair pip rivals to giant Midlands M&S shed
22 January 2010
Start-up developer First Industrial lands retailer’s second big warehouse at Castle Donington scheme
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Former Brixton colleagues lash out at Wheeler
22 January 2010
But former chief executive’s representative also grills Owen on rights issue mess
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What to know: Community infrastructure levy
22 January 2010
Will the infrastructure tax on developments affect you?
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Whom to know: Chris McLernon
22 January 2010
The head of Colliers International’s Europe business is targeting the top global spot
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WHEELER TRIBUNAL: Wheeler “pushed for” rights issue
21 January 2010
Tim Wheeler had pushed for Brixton to carry out a rights issue but the idea was “kicked into the long grass” by his chairman Lady Louise Patten, the tribunal heard today.
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WHEELER TRIBUNAL: Wheeler "given no chance" to appeal against his dismissal
21 January 2010
Brixton’s former chief executive Tim Wheeler had no chance to appeal against his dismissal and any process to do so was a “total sham”, an employment tribunal heard today.
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WHEELER TRIBUNAL: Wheeler not provided with vital rights issue information
21 January 2010
Former Brixton chief executive Tim Wheeler was not provided with vital financial information concerning the state of the company by his deputy chief executive, an employment tribunal heard today.
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WHEELER TRIBUNAL: Brixton's Steve Owen under fire at Wheeler tribunal
20 January 2010
Former Brixton deputy chief executive Steve Owen came under fire at Tim Wheeler’s employment tribunal against the former board of Brixton today.
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WHEELER TRIBUNAL: Tribunal hears Wheeler ignored warnings that Brixton would need a rights issue
20 January 2010
Tim Wheeler ignored warnings from the company’s joint broker that a rights issue was needed, the company’s former deputy chief executive Steve Owen alleged today.
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WHEELER TRIBUNAL: Patten claims Wheeler refused to do "important rights issue work"
19 January 2010
Brixton’s former chair Lady Louise Patten today said Tim Wheeler refused to progress “important” work for the company’s proposed rights issue until the company agreed a remuneration and pension package in his favour.
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WHEELER TRIBUNAL: £1.88m pension row at heart of Brixton/Wheeler dispute
19 January 2010
A row over pension payments is at the heart of former Brixton chief executive Tim Wheeler's claim against the former board of Brixton, which started today.
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PWTV: Wheeler asked for further £1.88m on his pension.
19 January 2010
The employment tribunal between Brixton and Tim Wheeler heard today that the former chief executive asked for a further £1.88m added to his pension packet as well as an untitled role at the company.
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Heb to auction off stretch of River Trent
19 January 2010
Nottingham auctioneers Heb is selling fishing rights and mooring points on a 200 ft stretch of the River Trent near Southwell.
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Goodman forms joint venture to develop South West’s largest distribution park
18 January 2010
Goodman has formed a joint venture with Severnside Distribution Land at a site in Severnside, Bristol to develop the South West’s largest distribution park.
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Henderson reopens its New Star International Property fund
18 January 2010
Henderson is re-opening its New Star International Property Fund which has been suspended for redemptions since 25 November 2008.
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Aberdeen spends £250m in three months
18 January 2010
Aberdeen Property Investors has bought £250m of UK commercial property in the last three months with another £500m still to spend.
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Invesco Real Estate spends €37m in Paris
15 January 2010
Invesco Real Estate has bought an office building on Avenue des Champs-Elysées in Paris for €37m for its pan-European fund.
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Development Securities appoints non-exec director
15 January 2010
Development Securities has appointed Sarah Bates as a non-executive director.
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Work begins at Parade Shopping Centre, Swindon
15 January 2010
UK Commercial Property Trust (UKCPT) and Shearer Property Group is beginning work on The Parade Shopping Centre in Swindon.
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Savills restructures its board
15 January 2010
Savills has carried out a restructuring of its board that will see three of its executive directors step down from Monday.
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Hansteen unlocks £500m war chest for German spoils
15 January 2010
European industrial specialist to buy €300m industrial portfolio after equity raising five months ago
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Industrial warfare
15 January 2010
The lid will be lifted on the takeover story of last year when former Brixton chief Tim Wheeler takes his previous employer to an industrial tribunal next week
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Rosemound founder’s new sheds venture
15 January 2010
Keir and Hodge leave Goodman to start developer with ProLogis’s Bedson
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Auctions: Big three positive after another annus horribilis
15 January 2010
Allsop, Jones Lang LaSalle and Cushman & Wakefield hope a recovering market will bring them a happy new year
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HCA to take over Thurrock Thames Gateway Development Corporation
14 January 2010
The Homes and Communities Agency (HCA) is to take over the Thurrock Thames Gateway Development Corporation (TTGDC) in a government overhaul of the three Urban Development Corporations (UDCs).
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CPA call on Boris Johnson to explain how schemes will be funded
12 January 2010
The City Property Association (CPA) has called on London Mayor Boris Johnson to explain how funding for ongoing transport schemes other than Crossrail will be secured.
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PMB Holdings flip Morrisons shed for profit
12 January 2010
PMB Holdings has flipped a 331,568 sq ft warehouse let to Morrisons at Swan Valley Park, in Northampton to Scottish Widows Investment Partnership Property Trust at a profit.
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Green light given for £30m Warrington scheme
12 January 2010
Warrington Borough Council has granted final planning permission for the £30m Orford Park project in Warrington which will become the UK’s first sustainable community sports hub.
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Thames Valley suffers worst year since dot.com crash
11 January 2010
The Thames Valley office market has suffered the worst year for lettings since the dot.com crash according to Cushman & Wakefield.
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Lincoln 80-acre business park given the green light
11 January 2010
Taylor Lindsey has been granted planning consent to develop an 80-acre business park on the outskirts of Lincoln.
