Offices

Property Week

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First tenant under offer at The Walbrook

25 May 2012

Insurance firm Arthur J Gallagher & Co is under offer to become the first tenant at The Walbrook building in the City of London.
Jon Hunt's £34.5m Victoria Street sale

25 May 2012

Ocubis, the property investment business run by Foxton founder Jon Hunt, has sold 77-95 Victoria Street to a high net worth overseas investor for £34.5m, resulting in a net initial yield of 5.47%.
British Land results pack a punch, thanks to prelets

25 May 2012

Portfolio value up 2.6% to £10.3bn after CEO’s London office development drive
Max’s St Katharine refurb at maximum capacity

25 May 2012

Max Property Group has let the last space at International House at St Katharine Docks in London.
Pioneering low-carbon trust signs green-friendly Winton

25 May 2012

Hedge fund to pay £35/sq ft for 60,000 sq ft in Hammersmith, proving sustainability can also be profitable
Skype calls for third floor at Waterhouse Square

25 May 2012

Skype is close to agreeing a 90,000 sq ft deal at Prupim’s Waterhouse Square office building in London’s Midtown, having placed the third floor under offer.
Stringent financial controls leads to City portfolio squeeze

25 May 2012

Reforms mean banks must cut costs and seek more efficient space. Rachel Hunter reports
Yorvale and Maple Grove savour first shed purchase

25 May 2012

Yorvale and Maple Grove Developments have purchased a first industrial development site for their new joint venture partnership.
BCO 2012: Barclays - banks can't fill the property funding gap.

24 May 2012

Banks alone will not be able to fill the current property funding gap admitted Gregor Bamert, UK head of real estate at Barclays Corporate at the BCO Conference this afternoon.
Clarges Estate deal falls through

24 May 2012

One of Mayfair’s largest development opportunities is to be remarketed for £150-200m, after plans to sell it to Chelsfield Partners officially fell through today.
BCO 2012: Parris says London 'too successful'

24 May 2012

Times columnist and former MP Matthew Parris set the cat among the pigeons at Manchester’s British Council for Offices conference today by saying London is ‘too successful’.
BCO 2012: Supply/demand mismatch may stunt UK growth

24 May 2012

A new report out today from Centre for Cities and the British Council for Offices shows a disparity between where offices are needed in the UK and where they are being built.
BCO 2012: Sir Howard Bernstein - Coalition growth strategy beginning to work.

24 May 2012

Sir Howard Bernstein, chief executive of Manchester City Council, this morning opened the British Council of Offices annual conference by praising the coalition government’s approach to growth.
Shaftesbury continues to impress with solid first-half figures

23 May 2012

Shaftesbury this morning posted another good set of financial results, showing London’s West End is still a ‘different world’.
Macmillan starts a new chapter at Kings Cross

22 May 2012

Henderson Global Investors and Istithmar P&O Estates have let the final phase of their Regent Quarter Development in London’s King’s Cross.
€7.6bn German fund to liquidate

22 May 2012

Credit Suisse’s €7.6bn CS Euroreal fund failed to meet investor redemptions yesterday and will be closed down over the next five years.
€7.6bn fund to liquidate

22 May 2012

Credit Suisse’s €7.6bn CS Euroreal fund failed to meet investor redemptions yesterday and will be closed down over the next five years.
Nick Leslau's Max Property loan boosts spending power

22 May 2012

Max Property Group has arranged a £32m loan, taking its war chest to around £90m of uncommitted cash and is on the lookout for new deals.
Oxfordshire business park plans revealed

21 May 2012

Plans for an £80m business park in Oxfordshire have been announced.
AEW to target Thames Valley offices with £500m fund

18 May 2012

Fund manager to buy secondary assets in Western Corridor for refurbishment
Central Bank makes concrete office plan

18 May 2012

Institution said to be paying NAMA €8m for Anglo Irish headquarters. Christine Eade reports
Draco tests liking for Facebook HQ

18 May 2012

Facebook’s London headquarters has been put up for sale for more than £65m, reflecting a yield of 5.25%.
Lone Star hopes to square Birmingham Cube for £40m

18 May 2012

Project Royal asset that has been in administration for two years to be put up for sale in summer
PayPal cashes in at Xerox’s Dundalk park

18 May 2012

PayPal, the Ebay-owned online payment service, is fitting out the 50,000 sq ft former Xerox Technology Park at Dundalk, near the border with Northern Ireland, to be its European operations centre, which will open in July.
Pinsent Masons and McGrigors merger saves lonely Soloist

18 May 2012

This month’s takeover by international law firm Pinsent Masons of Scottish and Ulster firm McGrigors could mean salvation for Belfast’s speculative office market.
Top Right takes air at Regent Street

18 May 2012

Media group Top Right is in talks to take around 30,000 sq ft at a high-end location in London’s West End.
Training company seeks Manc office

18 May 2012

Rapidly expanding education group BPP Professional Education is seeking a new Manchester campus.
Orega signs deal to manage Moorgate offices

17 May 2012

Serviced office provider Orega has agreed a deal to manage 17,400 sq ft of office space at 101 Finsbury Pavement in the City of London.
Asos signs deal for Emap HQ

17 May 2012

Asos has today signed a deal to take Emap’s 100,000 sq ft headquarters at Greater London House, more than doubling the space it currently occupies in the building.
DTZ swaps Soho for Mayfair

16 May 2012

DTZ is preparing to move its West End office from Soho back to the heart of Mayfair, PropertyWeek.com can reveal.
Lenders extend £1.2bn Citi tower loans

15 May 2012

Banks owed £1.2bn by the owners of the Citi tower in Canary Wharf have extended the debt until the autumn, as a strategy for the valuable but heavily indebted building continues to be sought.
Lenders extend £1.2bn Citi tower loans

15 May 2012

Banks owed £1.2bn by the owners of the Citi tower in Canary Wharf have extended the debt until the autumn, as a strategy for the valuable but heavily indebted building continues to be sought.
BlackRock decides on 70,000 sq ft in Edinburgh

15 May 2012

Edinburgh is close to getting its biggest office letting of the year, after BlackRock placed more than 70,000 sq ft of space under offer in the city centre.
GPE sells over £100m of property

15 May 2012

Great Portland Estates has sold three properties for more than £100m as it continues to recycle capital into its major London development projects.
GPE sells more than £100m of property

15 May 2012

Great Portland Estates has sold three properties for more than £100m as it continues to recycle capital into its major London development projects.
Facebook London HQ to be sold

14 May 2012

Facebook’s London headquarters has been put up for sale for offers exceeding £65m, or a yield of 5.25%.
Warner to sell in the City

14 May 2012

Warner Estate Holdings has exchanged contracts to sell a City of London office as it continues to battle to pay down debt.
Koreans complete £165m City debut

14 May 2012

A Korean pension fund has completed its £165m debut into the UK investment market with the purchase of an office in the City of London.
Piccadilly Circus development site up for sale

14 May 2012

A prominent office development site on Piccadilly Circus has been put on the market by Natwest, its owner-occupier.
01 Properties pulls IPO

11 May 2012

The Russian property investment company 01 Properties, will pull its initial public offering, due to “adverse market conditions.”
Allied London ‘i’s techies

11 May 2012

Michael Ingall is targeting technology and media occupiers with new shell-and-core space. David Hatcher reports
BBC to broadcast its Cardiff requirement

11 May 2012

Shortlist of sites for Wales office to be announced this month. Sarah Stewart reviews the candidates
Bupa leads Manchester tenant moves

11 May 2012

A raft of occupiers have lease expiries in the next two years. David Hatcher reports
Cheapskate construction can cost property industry dear

11 May 2012

British Council for Offices conference will address challenges of straitened times. By James Wates
High demand from high-tech in London

11 May 2012

Technology and media companies are looking for more than 200,000 sq ft of central London office space, as the sector continues to grow.
Livingstone flagship sale

11 May 2012

The billionaire Livingstone brothers are selling one of their flagship London buildings before a debt deadline in October.
London & Stamford cleans up with £64.4m Unilever purchase

11 May 2012

London & Stamford Property is poised to buy its second property in the south-east in as many weeks.
The next Google or Microsoft will be made in Salford

11 May 2012

We have been a long-term investor in Salford Quays since 1985. However, it is less than five years since we began the construction of Media City UK.
Knight Frank: Central London Offices - Q1 2012

10 May 2012

Central London take-up fell by 26% to 2.2 m sq ft in the first quarter as the uncertainty in the global economy in the second-half of last year filtered through to the occupational market. However, sentiment has improved noticeably during the quarter.
Ageas snaps up former B&Q headquarters

10 May 2012

LaSalle Investment Management has sold the former B&Q headquarters in Chandlers Ford to insurance company Ageas for an estimated £6m.
Schroders regear is sign of the times in City

10 May 2012

Fund manager Schroders has regeared its lease at 31 Gresham Street in the City, as financial services companies continue to put office moves on hold.
Now is the time to buy South East secondary, CBRE says

10 May 2012

There has never been a better opportunity to buy South East office property, CBRE has said.
Goodman signs diamond deal in Harwell

9 May 2012

Goodman has signed a deal with diamond manufacturing company Element 6 to build a £20m research and development centre in Oxfordshire.
Derwent lets 210,300 sq ft

9 May 2012

Technology and media firms helped Derwent London to a successful start to 2012 with 210,300 sq ft of lettings, according to an announcement today.
St Modwen secures huge Manchester prelet

8 May 2012

Debt advice company Think Money has signed a prelet with St Modwen for a 125,000 sq ft office campus in Manchester.
Three new architect appointments at Shell Centre redevelopment

4 May 2012

Three additional architects have been appointed to design buildings at the mixed use Shell Centre redevelopment at London’s South Bank.
CBRE regains top spot from Jones Lang LaSalle

04 May 2012

League tables for the first quarter of 2012 show London offices as only healthy centre
Glasgow G1 on sale at £60m

04 May 2012

One of the most distinctive office buildings in Glasgow has been put up for sale for around £60m.
Hereford banks on new offices to ease drought

04 May 2012

More than three years after Hereford brides had to reorganise their weddings because a favourite reception venue, the Left Bank, went into liquidation, the leisure complex has signed up a new tenant — a firm of solicitors.
Lagos office plan unveiled

04 May 2012

Plans have been unveiled for a 194,000 sq ft office scheme in central Lagos to meet growing demand for premises in the Nigerian capital.
Raging Bull takes charge at Elmbridge Court

04 May 2012

Sir Clive Woodward, England’s rugby world cup-winning coach, nicknamed former England captain Phil Vickery “the Raging Bull” for his gritty determination.
Safra branches out in £470m Plantation Place purchase

04 May 2012

Delancey to manage asset after four-year quest to own property
Knight Frank: M25 Offices - Q1 2012

3 May 2012

Following robust take-up in the second half of 2011, Q1 take-up was relatively subdued in the M25 and the M4, at 25% and 33% respectively below the 10-year quarterly average.
Instant Serviced Offices: Global Office Review 2011

3 May 2012

Serviced offices are one of the fastest growing sectors in the commercial property market. Based on Instant’s data, as of July 2011, there were 5,484 centres operating in 101 countries around the world.
Schlössle Galerie in Germany sold for €76m

3 May 2012

Deka Immobilien has sold its Schlössle Galerie shopping centre in Pforzheim, Germany for €76m.
Regus accelerates expansion

3 May 2012

Regus opened three times more centres in the first quarter of this year than in the same period in 2011.
Bertarelli’s Golden Square shot

3 May 2012

Crosstree Real Estate Partners has completed its second purchase: an office block on a sought-after London square.
Allied/Aerium jv lets St Paul's scheme

3 May 2012

A joint venture between Allied London and Aerium has let all of its first development scheme in the City of London.
Midweek Bulletin: "Developers should consider resi for business parks"

2 May 2012

Developers should consider knocking down vacant or underperforming business park buildings and developing residential instead, members of the property industry heard at the Knight Frank M25 research breakfast this morning.
M25 office demand to hit 8m sq ft

2 May 2012

A spike in lease events between 2013 and 2015 is to create demand for 8m sq ft of office space in the South East office market, a new report has found.
Hampshire County Council buys Basingstoke office

2 May 2012

Hampshire County Council has bought a 48,000 sq ft office building in Basingstoke from a client of Cordea Savills for £6.15m.
JLL: Western Corridor take-up plummets

2 May 2012

The take-up of office space in the Western Corridor in the first quarter was 70% below the five-year average, although demand for has risen nearly a third.
Think-tank prelets in Southwark

1 May 2012

The Overseas Development Institute has prelet McKay Securities’ 203 Blackfriars Road development.
Debenhams takes more space with British Land

1 May 2012

Debenhams has signed a deal with British Land to prelet a further 29,500 sq ft of office space at the developer’s Regent’s Place scheme.
Segro reshuffles Thames Valley agents

27 April 2012

Jones Lang LaSalle has been appointed as office letting agent at Segro’s IQ Winnersh in Berkshire, replacing Cushman & Wakefield.
Cisco’s Green Park exit

27 April 2012

IT networking manufacturer Cisco Systems is close to agreeing a deal to surrender its leases on more than 400,000 sq ft of office space at Green Park in Reading to the new owners, Oxford Properties.
City tower heads to point of no return

27 April 2012

Failed £535m restructuring means Citypoint could go into receivership
Cushman wins Maxim role

27 April 2012

Cushman & Wakefield has taken on an asset management role and replaced CBRE as the letting agent at Maxim, the huge speculative business park on the outskirts of Glasgow.
Hines starts makeover of 5 Brindleyplace

27 April 2012

“Our rental aspiration for this building is to secure top-of-the-market rents,” says Igor Mathias, asset manager at Hines, which owns 5 Brindleyplace along with Moorfield Group.
Paradise Circus downsizes office space following consultation

27 April 2012

The 1m sq ft Paradise Circus office development in Birmingham is to be cut back by 100,000 sq ft, following a review of a consultation last month.
Westfield hopes office tenants will ensure legacy long after Olympic Games

27 April 2012

Westfield signed up the London Legacy Development Corporation last month as its second big tenant at the Olympic Park’s only new office building, One Stratford Place.
Prupim to sell £110m Millbank landmark

25 April 2012

Prudential has instructed Savills to market the former Imperial Chemicals House, a block on London’s Millbank.
Standard Life exchanges on Cheltenham office

23 April 2012

Standard Life Investments has exchanged contracts to buy a multi-let Cheltenham office for its Property Income Trust.
Two new lettings at British Land's Eldon House

20 April 2012

British Land has secured two new lettings at Eldon House in EC2 totalling 11,000 sq ft.
D2 Private secures massive Mayfair rent

20 April 2012

D2 Private has secured one of Mayfair’s biggest rents at it’s 23 Savile Row office building.
Basingstoke discovers a little goes a long way

20 April 2012

While Southampton struggles to attract office tenants, MEPC is relying on tenant loyalty to keep Basingstoke’s Chineham Park occupied, and Muse Developments is exploring lease endings to find new occupiers for Basing View in the town centre.
Brazilian fund leads $4.6bn fundraising in March

20 April 2012

Unlisted real estate funds raised $4.6bn around the world in March, double the amount in February, reports Indirex, the new global online community for the sector.
Forum Partners expands in Australia

20 April 2012

Forum Partners, the global real estate investment management firm, has established an office in Sydney, Australia, under the leadership of Andrew Faulk, a director of Bluestone Capital.
Man U’s London HQ 4.2% sale

20 April 2012

The West End of London Property Unit Trust (WELPUT) has sold Stratton House, which houses Manchester United’s London office, for £166m to a European family.
Microsoft ponders Victoria headquarters refresh

20 April 2012

Microsoft is considering a departure from London’s Victoria, after instructing agents to find it a smaller UK headquarters.
Pramerica to target unloved global offices

20 April 2012

Pramerica is to roll out a global investment strategy in which it will spend hundreds of millions of pounds purchasing unloved offices.
Terrace Hill turns from town to gown in search for tenants

20 April 2012

Low office take-up in Southampton prompts rethink from developer. Christine Eade reports
Corporate breakup sees Cannon Place lose first letting

19 April 2012

The company lined up to be the first tenant at Hines’ Cannon Place office in the City has pulled out of the deal after its corporate expansion fell through.
Deka buys £110m West End office block

19 April 2012

Deka Immobilien has made its second purchase of a large London office building in less than a month, with a £110m off-market deal.
McAleer & Rushe wins 280,000 sq ft Salford consent

19 April 2012

McAleer & Rushe was this morning granted planning consent for a 290,000 sq ft mixed use scheme in Salford.
London's hedge funds "footloose"

19 April 2012

Hedge funds are increasingly looking outside the traditional locations of Mayfair and St James’s for London offices, according to new research by Jones Lang LaSalle, but the West End still remains their preferred location.
DTZ and Cushman & Wakefield win Green Park mandate

18 April 2012

DTZ and Cushman & Wakefield have been appointed as letting agents on Green Park business park in Reading, and Campbell Gordon has been retained.
DevSecs appointed on Cambridge University research scheme

18 April 2012

Cambridge University has appointed Development Securities as development manager on a 110,000 sq ft science park project.
High-end Russian landlord to list in London

18 April 2012

O1 Properties, which owns $2bn of offices in Moscow, is planning to list on the London Stock Exchange.
IPD: values drop for fifth consecutive month

17 April 2012

Commercial property values continued to fall in the three main sectors in March, according to the latest IPD UK Monthly Index.
Patron and TPG win Uni-invest Dutch portfolio battle

17 April 2012

Private equity firms Patron Capital Partners and TPG Capital have won the battle for a €550m portfolio of distressed Dutch properties.
Leeds gets biggest office letting of past 12 months

17 April 2012

Law firm Dickinson Dees has confirmed its relocation from York to Leeds, after agreeing to take 17,000 sq ft of space at No 1 Whitehall Riverside, in the city’s biggest office letting since last March.
GIC and Orchard Street create £200m UK fund

16 April 2012

GIC Real Estate, the property investment arm of the Government of Singapore Investment Corporation, has teamed up with Orchard Street Investment Management for a second time to buy £200m of UK property.
CarVal and Canmoor buy 180,000 sq ft Croydon block

16 April 2012

CarVal Investors, the credit investment group, and Canmoor, have bought a 180,000 sq ft office block in Croydon for approximately £10m.
Cushman & Wakefield Investors buys in Cornwall and London

16 April 2012

Cushman & Wakefield Investors has bought two properties for its West Sussex Pension Fund for a total of £19.4m.
Man U’s London HQ sold

16 April 2012

The West End of London Property Unit Trust has sold Stratton House, where Manchester United’s London office is located, for £166m.
Change of use could be class idea to grace Liverpool

13 April 2012

Poor office figures suggest famous waterfront offices are ripe for conversion. Paul Unger reports
How Hammerson will disentangle itself from London offices

13 April 2012

REIT’s £600m portfolio is likely to be sold piecemeal. Mike Phillips reports
Oil and gas fires up F&C Reit in Aberdeen

13 April 2012

Asset manager to pay £95m for three headquarters in UK’s energy capital
Pidgley among bidders for Fortress Wapping

13 April 2012

Residential grandee Tony Pidgley is among the bidders vying to buy News International’s “Fortress Wapping” site in east London.
Tishman on spec for San Fran boom

13 April 2012

Tishman Speyer plans to speculatively develop a San Francisco office block to take advantage of the boom in demand from technology companies.
RREEF weighs options for £100m Lacon House

12 April 2012

RREEF is weighing up its options for Lacon House on Theobolds Road in London’s Midtown, including a sale of the building for around £100m.
Investors to vote on €450m debt deal

12 April 2012

The final ballots were this week being cast in a key vote that will determine who takes control of a Dutch office company once worth more than €1bn - with analysts seemingly leaning towards a proposal from private equity firms TPG and Patron Capital.
DTZ’s Menno Maas quits

11 April 2012

Menno Maas has quit as CEO of the Continental Europe, Middle East and Africa (CEMEA) division at DTZ.
Rockspring buys stake in south east speculative scheme

11 April 2012

Rockspring has bought a 50% stake in a speculative office development in Maidenhead from fund manager RREEF.
90 Fenchurch Street for sale

05 April 2012

A City of London office building is to become the first asset to be sold from a €1bn fund set up by Anglo Irish Bank that is in liquidation.
Deka makes £235m Guardian headline

05 April 2012

Guardian Media Group’s headquarters in London’s King’s Cross has been sold off market to a German fund manager.
Developers face electricity bill shock

05 April 2012

Spiralling energy costs alongside soaring demand for office space means London faces a crisis that could render some new developments unviable.
London business school seeks home

05 April 2012

The London School of Business and Finance has hired agents to find 150,000 sq ft in central London, paving the way for one of the capital’slargest lettings of the year.
London councils will delay office-to-resi conversions

05 April 2012

More than a third of London’s councils will refuse to allow conversion of offices into homes for at least 18 months.
Motorsports marketing firm leases from Cadogan

05 April 2012

Following the Malaysia Grand Prix (pictured) at the end of last month, the world’s biggest motorsports marketing agency has leased 4,415 sq ft of office space on the Cadogan Estate.
Philips offloads campus in Netherlands’ biggest property sale

05 April 2012

Electronics group Philips has sold its high-tech campus (pictured) in Eindhoven for €425m in the Netherlands’ biggest single-asset property transaction.
Canadians buy famous Paris office building for €245m

4 April 2012

Ivanhoé Cambridge, the real estate arm of the Caisse de dépôt et placement du Québec, has agreed to buy PSA Peugeot Citroën’s historic head office building in Paris for €245.5m.
Deka buys Amsterdam office tower 'The Rock'

4 April 2012

Deka Immobilien GmbH has acquired prime office tower ‘The Rock’ in Amsterdam Zuidas for €132m from privately-held UK investment banking group Evans Randall.
Deka confirms £235m Kings Cross buy

4 April 2012

Deka Immobilien has confirmed its purchase of Guardian Media Group’s head quarters at King’s Cross, as revealed by PropertyWeek.com yesterday.
Kier to develop 750,000 sq ft Manchester scheme

3 April 2012

Siemens has appointed Kier Property to develop a 20-acre site in south Manchester, including a 100,000 sq ft new northern headquarters building for the electronics giant, as revealed by Property Week.
Abstract gets Croydon go-ahead

2 April 2012

Mark Glatman’s Abstract Securities has won planning consent for its 100,000 sq ft speculative office scheme in Croydon.
Waterloo’s Elizabeth House plans unveiled

2 April 2012

Chelsfield and London & Regional are this week submitting Sir David Chipperfield-designed plans for the 1.42 million sq ft redevelopment of Elizabeth House, next to London’s Waterloo station, and have revealed new images of how the scheme will look.
Sainsbury’s signs 136,000 sq ft office lease in Coventry

30 March 2012

Sainsbury’s has signed a deal with the Homes and Communities Agency to take a 136,000 sq ft lease at its Ansty Park office scheme near Coventry.
WELPUT lets 155,000 sq ft to London School of Business and Finance

30 March 2012

Schroders’ West End of London Property Unit Trust has let the entire 155,000 sq ft of space at an office block in London’s Midtown on a short-term lease, ahead of redevelopment.
Celtic Jaguar sells in Scotland

30 March 2012

Jaguar Capital is to put Calton Square in Edinburgh up for sale for around £65m.
PCP’s great expectations

30 March 2012

Dubai-based Amanda Staveley is expected to push the speculative button on a 1m sq ft scheme at Arundel Great Court near London’s Strand, after buying it from Land Securities this week.
Rowan in southern office fundraising

30 March 2012

Fund manager Rowan Asset Management is putting together funding for an investment drive to buy undervalued property in the south of England.
Tristan to snap up Warsaw whopper

30 March 2012

Ric Lewis’s fund in talks over €230m financial centre
Henry Boot sells Manchester Courthouse scheme

29 March 2012

The Courthouse building, being redeveloped by Henry Boot in Manchester city centre, has been sold to the Oddfellows Friendly Society, TheBusinessDesk.com reported today.
LandSecs to sell 1m sq ft scheme to Staveley fund

28 March 2012

One of Land Securities’ largest development sites is to be sold to PCP Partners, the Middle Eastern investment vehicle set up by Amanda Staveley, for £230m.
Salford’s 435,000 sq ft Exchange Quay buildings up for sale

28 March 2012

Seven office buildings totalling nearly half a million sq ft in Salford Quays are expected to go up for sale shortly.
Ronson slams "lynching" of RBS boss Hester

27 March 2012

Heron International chief executive Gerald Ronson today launched a passionate defence of Stephen Hester, accusing newspaper editors of “hypocrisy and envy” in their “lynching” of the Royal Bank of Scotland boss.
Aviva gets green light for major Crossrail development

27 March 2012

Aviva Investors has been given planning consent for an office-led development above the new Crossrail station at London’s Liverpool Street Station.
UK & European buys Farringdon office

27 March 2012

UK & European Investments has exchanged contracts to buy The Smithfield Building in London’s Farringdon for around £7.5m.
Rockspring and Exton begin Flow construction

27 March 2012

Rockspring and Exton estates have commenced the construction of a 60,000 sq ft speculative office development in Staines.
Bruntwood lets 40,000 sq ft at City Tower

27 March 2012

Regional office provider Bruntwood has secured 40,000 sq ft of new lettings at its City Tower in Manchester city centre.
Valad vies with Patron and TPG for distressed Dutch portfolio

23 March 2012

The fate of a distressed portfolio of 220 Dutch office buildings, once valued at €900m, will be settled in Amsterdam on 17 April.
BNP Paribas Real Estate: European Office Market 2012

23 March 2012

The increased uncertainty since autumn 2011 will continue to drag results down throughout the first half of 2012. Only during the second part of 2012 will a recovery emerge.
Cluttons: West End Office Update - March 2012

23 March 2012

The first months of 2012 have been accompanied by mixed economic messages. Downgrades of economic growth expectations at home and globally have contrasted with an upbeat stock market and positive indicators in the form of increased retail sales and business confidence.
Green Park pitch relaid

23 March 2012

Oxford Properties has put the prized leasing mandate for its Green Park business park in Reading out to tender.
ING sells €475m stake in Polish development Zlote Tarasy to CBRE fund

21 March 2012

ING Real Estate Development has sold its shares in the holding company which owns 77% of Zlote Tarasy, a mixed use property development in Warsaw, Poland, reducing its exposure by €475m.
Regus plans 200 new offices as profits bounce

20 March 2012

Serviced office provider Regus today said it planned a huge global office expansion after posting strong results.
Crown Estate unveils £400m St James's plans

16 March 2012

The Crown Estate has today unveiled plans for a £400m redevelopment of three sites in St James’s which will deliver 300,000 sq ft of speculative mixed use space in the west end.
Blackstone turns oil to gold

16 March 2012

Stellar rent agreement with Aker at Chiswick Park would prompt speculative development and possible sale
Cushman markets its own home

16 March 2012

Cushman & Wakefield’s London West End home will go up for sale next week with a price tag of more than £128m.
Exemplar’s W double act

16 March 2012

Exemplar Properties is in talks with the Crown Estate to become development manager for the second of two large retail and office blocks on London’s Regent Street.
First for forum as full figures for 2011 filed

16 March 2012

The Manchester Office Agents’ Forum has released its full, annual take-up statistics for the city centre (graphs 1) and out-of-town markets (graphs 2) for the first time.
Qatar makes Paris offices debut

16 March 2012

MidEast fund looks beyond London to buy German assets
Savills usurps Heron agent

16 March 2012

Heron International this week appointed Savills as joint letting agent for the Heron Tower in the City of London.
Shoreditch set: skinny-jeaned TMTs on edge in City

16 March 2012

Right now, it is all about skinny jeans and fixed-gear cycles.
South Bank ad break: Ogilvy & Mather talks over major office prelet

16 March 2012

Ogilvy & Mather in discussions over up to 250,000 sq ft at Delancey’s Westminster Place near Waterloo
Tristan Capital Partners buys in Frankfurt

15 March 2012

Tristan Capital Partners has bought two Frankfurt office buildings for €90m.
Local developer plans 1m sq ft Oldham business park

15 March 2012

Oldham-based Grasscroft Property and Seddon Group are planning a 1m sq ft business park in the Foxdenton area of Oldham, TheBusinessDesk.com reported today.
Harworth Estates to become standalone property company

14 March 2012

UK Coal’s property arm Harworth Estates is to be spun off into a separate company as part of a split of the listed coal miner’s business into separate mining and property companies.
Record rent at Cardiff's Waterside scheme

14 March 2012

A record rent of £22/ sq ft has been set in the Cardiff office market as law firm Abel & Imray move to Cardiff Waterside’s 3 Assembly Square building this month.
IPD: values dropped 0.3% in February

14 March 2012

Prime property values fell by a further 0.3% in February, as stagnant regional growth and growing fears of a mild second recession took their toll, according to the latest IPD UK Monthly Index.
Heron appoints Savills for tower mandate

14 March 2012

Heron has appointed Savills as leasing agent for the Heron Tower in the City, and is preparing a new marketing push for the building.
Ikea parent submits giant Stratford mixed-use plans

14 March 2012

LandProp Holding, part of the Inter Ikea Group, has submitted plans for its 26 acre site at Strand East in Stratford, London, to include 1,200 homes and more than half a million square foot of offices.
Derwent London secures Stephen Street pre-let

12 March 2012

Derwent London has pre-let 15,400 sq ft at its 1 Stephen Street scheme to the north of London’s Oxford Street.
White Rose Office Park opens conference facility

9 March 2012

Facilities management group ISS has carried out a major refurbishment of the 20,000 sq ft catering building at the White Rose Office Park, Leeds, to include a new conference centre.
Leeds' Gateway offers corporate apartments to tempt occupiers

9 March 2012

A corporate apartment is being offered as an incentive to occupiers looking to let remaining office suites at The Gateway, Leeds, from this month.
Barratt and British Land to buy 1 & 2 Aldgate Place

9 March 2012

Barratt Developments and British Land have exchanged contracts to buy 1 & 2 Aldgate Place in the City of London from Tishman Speyer.
Mapeley portfolio falls £170m

09 March 2012

Debt servicer Hatfield Philips considers negligence claims over original valuation after 70% loss of value
Paris burning with slew of sales

09 March 2012

German investor Deka Immobilien has sold the “Axe France” office building in Paris (pictured) for around €166m to a pool of French investors.
Skype calls in at Saatchi’s planned Holborn HQ

09 March 2012

Internet calls service Skype and a public relations firm are close to leasing a total of 120,000 sq ft of office space in London’s Holborn that had been earmarked for Saatchi & Saatchi’s headquarters.
D2 Private to offload Savile Row block

8 March 2012

Irish investor D2 Private has hired agents to sell 23 Savile Row for offers of £200m or more, PropertyWeek.com can reveal.
Pyrrho welcomes Balfour-Lynn’s resignation from MWB

8 March 2012

MWB Group’s largest independent shareholder, Pyrrho Investments, has welcomed the resignation of chief executive Richard Balfour-Lynn and called on the board to tackle the structural deficiencies in the group’s capital structure.
MIPIM 2012: Boris to sell 70-acre former Ford Motors site

6 March 2012

Mayor of London Boris Johnson is preparing to sell one of the largest brownfield sites in east London, part of the former Ford Motors site in Dagenham.
Invista sells West Brom office for £19.5m

5 March 2012

Invista Foundation Property Trust has exchanged contracts to sell its office property let to British Telecommunications in West Bromwich to an undisclosed buyer for £19.5m, reflecting a net initial yield of 5.8%.
Savills: Paris Office Market - Q4 2011

3 March 2012

“Although the economic climate appears bleak, business activity in 2012 will be driven by more opportunistic strategies. The supply and demand situation is expected to become even more balanced this year with higher take-up of second hand properties. With the economy set to improve in 2013, new developments may become very sought after.”
Savills: Madrid Office Market - Q4 2011

3 March 2012

“The decreasing levels of demand for office space in 2011 coincided with deteriorating economic sentiment. Only significant rental adjustments and incentives were involved in large scale lettings; we have seen 2012 begin stronger than the previous year”.
Savills: Brussels Office Market - Q4 2011

3 March 2012

“In a weakening macro-environment where interest rates are heading downwards again, we are expecting investors to become more aggressive on long-term let assets.”
Beckwith’s City refurb begins

02 March 2012

Peter Beckwith’s PMB Holdings and Area Property Partners began construction this week on a speculative refurbishment of 8 Fenchurch Place in the City of London.
Former Guardian office on newsstand

02 March 2012

The former London headquarters of Guardian Media Group is to be sold by its Irish owner, paving the way for a 210,000 sq ft redevelopment.
Hammerson office sale share surge

02 March 2012

Hammerson’s intention to sell its £600m London office portfolio and invest entirely in retail property has won the approval of investors.
Henderson goes Dutch with office

02 March 2012

Henderson Global Investors has bought the 113,000 sq ft Haagsche Hof office scheme in the Netherlands for €27m.
Patron in Dutch distress deal

02 March 2012

Private equity firms Patron Capital and TPG are close to buying a portfolio of 220 Dutch offices for more than €350m in an innovative distressed debt deal.
Sweet return for Candys at Sugar Quay

02 March 2012

CPC Group buys City of London site from administrator
Former Guardian HQ up for sale

1 March 2012

The former headquarters of Guardian Media Group is to be sold by its Irish owner, paving the way for a redevelopment of up to 210,000 sq ft in Farringdon, PropertyWeek.com can reveal.
AXA launches €400m European fund

1 March 2012

AXA Real Estate has raised €118m for a new fund to target core office properties across the Eurozone and the UK.
Grosvenor and Derwent complete Hyde Park Corner JV

1 March 2012

Grosvenor and Derwent London have formalised their joint venture to redevelop the 168,000 sq ft 1-5 Grosvenor Place into a luxury mixed use scheme.
Hammerson to sell entire office portfolio

24 February 2012

Hammerson is to sell its entire £600m London office portfolio in order to focus on its retail businesses in the UK and France.
Coveted Heron Tower leasing mandate up for grabs

24 February 2012

Rival agents will try to muscle in as incumbent Cushman repitches for prestigious role
Great Portland and CapCo to sell Park Crescent West

24 February 2012

Great Portland Estates and Capital & Counties are considering a disposal of another portion of London’s John Nash-designed Park Crescent in central London.
MEPC books in £140m Granta Park sale

24 February 2012

Sale of Cambridge business park would be one of largest ever of a single asset outside London
Asos doubles in size

23 February 2012

Online fashion retailer Asos is to more than double the floorspace it occupies in London, having agreed with publishing group Emap to take over its 70,000 sq ft HQ in Mornington Crescent.
Burberry bags 127,000 sq ft Victoria prelet

23 February 2012

Rapidly expanding fashion brand and retailer Burberry has prelet the whole of 1 Page Street in London’s Victoria, a building bought by Derwent London in March 2011, as Property Week revealed in December.
LaSalle and Bell Hammer win consent for Staines office building

22 February 2012

LaSalle Investment Management and development partner Bell Hammer have obtained planning consent for an 86,500 sq ft office building to replace Ashby House in Staines town centre.
IVG lets floor at No. 1 Leeds

22 February 2012

An advertising agency has agreed to become the first fully-fledged occupier at a building owned by IVG that has largely lain vacant since completion in 2009.
City offices boom could falter

21 February 2012

The 34 million sq ft of office development proposed for the City of London before 2016 is at risk of faltering due to the euro crisis, diminishing tenant optimism, and ever tighter funding markets, according to EC Harris research published today.
BGC buys struggling Grubb & Ellis

21 February 2012

BGC Partners, the acquisitive financial services firm which acquired Newmark Knight Frank last October, has expanded its property services platform by buying struggling US firm Grubb & Ellis.
LaSalle seals 65,000 sq ft of Farringdon deals

20 February 2012

LaSalle Investment Management has today completed two lettings of more than 65,000 sq ft at Farringdon Place, 20 Farringdon Road in London.
Luxury homes continue to spread in the West End

20 February 2012

Approximately 2m square feet of offices in London’s West End have been granted planning consent to be converted to homes as developers continue to take advantage of the area’s soaring residential market.
Senior redundancies at BNP Paribas

17 February 2012

BNP Paribas has made two senior redundancies at its South East office agency as part of its previously announced plans to reduce staff numbers.
Henderson pulls £35m Commonwealth House sale

17 February 2012

Henderson Global Investors has decided not to sell a 100,000 sq ft office block in London’s West End, after opting to redevelop the property itself.
$1bn Empire State REIT float

17 February 2012

Owner Malkin Holdings prepares IPO of portfolio that includes New York landmark
Agile working will keep office landlords on their toes

17 February 2012

Flexibility enables businesses to retain staff but consolidate space. Rachel Hunter reports
City must be protected as business haven

17 February 2012

Mixed-use is a bit like motherhood and apple pie: they are great on their own, but together they can make you feel a bit sick.
Hong Kong more pricey than London

17 February 2012

Hong Kong has pipped London’s West End to the title as the most expensive office location in the world.
Lively Leeds regains its specs appeal

17 February 2012

More than 250,000 sq ft of mothballed schemes being dusted off
Mapfre hunt raises hopes for Bristol

17 February 2012

As the Spanish insurer looks for offices in the city, Christine Eade reports on the latest lettings
Office-to-resi conversions land in Birmingham

17 February 2012

The trend for conversion of obsolete office space to flats has spread to Birmingham.
Start-ups won't settle for any old government office

17 February 2012

David Cameron is a man with a plan. He wants budding entrepreneurs to locate their offices in empty government buildings. It’s an inspirational idea, and one that might just work - but only if the policy is implemented properly.
TCN UK plans 1930s

17 February 2012

Period building converted into offices rather than demolished. Christine Eade reports
Schroders buys at London Silicon Roundabout

16 February 2012

The Schroder Exempt Property Unit Trust (SEPUT) has completed the purchase of a building in London’s Silicon Roundabout area as a sign of faith in the continuing growth in the area.
McKay to refurbish Southwark office building

15 February 2012

McKay Securities is to begin a full refurbishment this month of a 21,000 sq ft office building in London’s Southwark.
Eskmuir gets planning for Leatherhead redevelopment

15 February 2012

Eskmuir has been granted planning permission for the redevelopment of its office park at Randalls Way, Leatherhead.
Redundancies bite as City office costs drop

14 February 2012

Increased job losses caused City of London occupancy costs to drop 7.3% in 2011, but the West End again showed its economic resilience, with costs rising 12.5%.
Threadneedle makes £11m from Covent Garden sale

13 February 2012

Fund manager Threadneedle has sold an office property in Covent Garden for £37m, nine months after buying it for £26m.
Liverpool at bottom of regional league table

10 February 2012

IPD shows value of city’s offices market has almost halved; Oxford, Guildford, Aberdeen and York perform well
London’s silicon rally: tech take-up fuels office market

10 February 2012

Knight Frank’s Silicon London report reveals technology sector outperforming financial Office take-up in central London by technology and telecoms companies more than doubled in 2011 and 26 of the 50 fastest-growing UK technology companies last year were based in London.
Macmillan presses King’s Cross prelet

10 February 2012

Macmillan Publishing Group is close to signing an 82,000 sq ft prelet at Henderson Global Investors’ and P&O Estates’ Regent Quarter near London’s King’s Cross, which would fill the entire final phase of the scheme.
Property threat from deadly bacteria

10 February 2012

The deaths in January of four babies from a pseudomonas bacterial infection at hospitals in Northern Ireland has turned the spotlight on a pathogen that can affect buildings, as well as people.
Shaftesbury show goes on at Carnaby Street

10 February 2012

New chief executive Bickell explains his philosophy to James Whitmore
Waverley Gate rehabilitation sale

10 February 2012

Highcross is to put Waverley Gate in Edinburgh back on the market for sale in May.
Malaysians line up £290m Woolgate buy

9 February 2012

Malaysian wealth fund PNB Holdings is in exclusive talks to buy the Woolgate Exchange in the City of London for almost £300m.
BAM gets green light in Glasgow

8 February 2012

BAM Properties has been granted planning consent for its 143,000 sq ft 110 Queen Street office building in Glasgow.
Strutt & Parker: National Offices and Business Parks Survey - Winter 2011/2012

6 February 2012

Take up for 2011 totalled 4.38 million sq ft, a 6% improvement on 2010 levels and in line with the 5 year average. Take up was evenly distributed throughout the year with all quarters recording in excess of 1 million sq ft, a very similar pattern to 2010 with no single quarter out-performing significantly.
Peakside launches 80 Hammersmith Road

3 February 2012

European private equity house Peakside Capital has launched 80 Hammersmith Road, a 41,700 sq ft Grade A office redevelopment in London’s Hammersmith.
Battle of buyers in Birmingham’s Cornwall Street

03 February 2012

Leaseholder will have to negotiate with freeholder Nurton. David Hatcher reports
Birmingham Science Park’s digital evolution

03 February 2012

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.
Canada Life to leave Leeds at a loss

03 February 2012

Princes Exchange in Leeds has been put up for sale by Canada Life.
Cutts’ ‘country’ retreat

03 February 2012

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.
Design squad in place for International Quarter

03 February 2012

Lend Lease and London & Continental Railways have drawn up a design panel of top architects for their £1.3bn International Quarter development next to the Olympic Park in Stratford City, east London.
Helical hammers out asset angles

03 February 2012

Helical Bar was today due to announce it had bought an office and retail block in Hammersmith out of receivership, as it pledged to concentrate on central London for the next two years.
Inside the deal: Law Society at the Cube

03 February 2012

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.
Labour Party finds new HQ

03 February 2012

The Labour Party plans to relocate its headquarters to Victoria, paving the way for British Land to revamp the party’s current offices nearby.
Rocket to remake Old Street block

03 February 2012

An unloved block off Old Street roundabout is to be redeveloped into a 150,000 sq ft mixed-use scheme.
Shoosmiths seeks fitting offices

03 February 2012

Shoosmiths has begun a search for a 40,000 sq ft office in Birmingham city centre. CBRE has been appointed to search for the space. The law firm occupies 20,000 sq ft at Epic’s 125 Colmore Row, which is close to capacity. Its sublease from Lloyds Banking Group expires in 2013. This ties in with a break clause in Lloyds’s 140,000 sq ft lease, which it is likely to activate as it only occupies 85,000 sq ft in the building and is undergoing a rationalisation strategy.
Silicon implant for Resolution

03 February 2012

Resolution Properties has bought 15 Bonhill Street near London’s Old Street roundabout from Land Securities for £33m, reflecting a yield of 6.6%.
Surrey County Council deploys Dambuster

03 February 2012

Search for space reveals no suitable site anywhere within county boundary. Sarah Stewart reports
Office take-up in the South East up by 6%

2 February 2012

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.
Peel puts Castlefield block up for sale

1 February 2012

Peel Holdings has put a Grade II-listed mixed use building in Castlefield in Manchester city centre.
Regus opens in Madagascar

31 January 2012

Serviced office provider Regus has opened its first business centre in Madagascar.
Colliers names West End office agency head

31 January 2012

Colliers International has appointed a new head of West End agency from its Birmingham office.
Bruntwood sells £42m block

30 January 2012

Family-owned north-west developer and investor Bruntwood has sold 1 New York Street in Manchester at a yield of 6.5%.
CBRE Global Investors exchanges on St Paul's move

30 January 2012

CBRE Global Investors has exchanged contracts on its 25,000 sq ft move to Land Securities’ One New Change scheme in the centre of London.
Blackberry manufacturer moots new HQ

27 January 2012

Blackberry manufacturer Research in Motion has appointed CBRE to do a feasibility study for a potential 120,000 sq ft European HQ.
Land Securities completes trio of London deals

27 January 2012

Land Securities has completed a trio of office lettingstotalling 130,000 sq ft in London.
Stanhope gets consent for Kings Cross office development

27 January 2012

Development firm Stanhope has secured planning permission for an office refurbishment and extension of One Mabledon Place in Kings Cross and St Pancras.
80 Fenchurch Street for sale

27 January 2012

Irish developer Shieldpoint has put its site at 80 Fenchurch Street in the City of London up for sale for £50m.
Drum rolls out three Aberdeen prelet

27 January 2012

Drum Property Group is preparing to sell three office developments in Aberdeen that have been prelet to oil-related businesses, for a total of £95m.
Exemplar’s Edinburgh escapade: London developer to buy Quartermile scheme

27 January 2012

Exemplar Properties is to buy Edinburgh’s most prestigious development site, in a dramatic entry on to Scotland’s large-scale development scene.
Man U and Langan building on block

27 January 2012

The London property that houses Langan’s Brasserie and offices of Manchester United is to go up for sale for £170m.
CBRE: Dublin Offices - Q4 2011

26 January 2012

Office letting activity in Dublin performed well in Q4 2011, with 58 of the 176 individual lettings completed in the city during 2011 being signed in Q4. In total, 35,588m2 of office lettings were signed in Dublin during the period.
North Sea oil company relocates Aberdeen HQ

26 January 2012

A North Sea oil exploration company has taken a headquarters building at Gladman Developments’ Abercrombie Court scheme in Aberdeen.
Crown and Norges complete Jaeger House buy

26 January 2012

The Regent Street Partnership, the joint venture between The Crown Estate and Norges Bank, has completed its purchase of Jaeger’s flagship store on London’s Regent Street.
Hong Kong firm in £300m Goldman HQ talks

26 January 2012

A Hong Kong-based fund manager is in talks to buy part of Goldman Sachs’ City HQ for £300m.
South east offices surge sparks speculative schemes

25 January 2012

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.
Consent for Prupim’s Berkeley Square scheme

24 January 2012

Prupim’s 52,000 sq ft office scheme at 30 Berkeley Square has been granted planning permission by Westminster City Council.
CBRE Global Investors buys across the UK

24 January 2012

CBRE Global investors has bought four properties across the UK for £36.3m.
Man Utd £170m London office on the block

24 January 2012

The home of Langan’s Brasserie and a Manchester United FC office is likely to be put up for sale for around £170m.
New north west investment boss at CBRE

24 January 2012

CBRE has hired a new head of capital markets for its north west division.
Aerium and Terrace Hill get green light for Mayfair scheme

23 January 2012

European property fund manager Aerium and Terrace Hill have been granted planning consent for a 31,500 sq ft office redevelopment in London’s Mayfair.
BSkyB re-signs at existing Brentford HQ

20 January 2012

BSkyB has signed a new lease at its existing 170,000 sq ft headquarters in Brentford.
UBM's South Bank show

20 January 2012

Property Week’s parent UBM has provided a major boost to the central London office market by signing a deal to take more than 100,000 sq ft on the South Bank.
BDO first in door at Bridgewater House

20 January 2012

BDO intends to become the first occupier at HDG Mansur’s Bridgewater House in Bristol city centre, a speculative office scheme.
Sleath divests Slough £300m

20 January 2012

New chief executive sells sheds and offices to US and UK firms as £1.6bn sell-off continues apace
£350m tower gets the go-ahead in Croydon

19 January 2012

A scheme to construct a 55 storey high rise tower in the centre of Croydon has been granted planning consent.
Tishman makes £170m Victoria buy

19 January 2012

US property company Tishman Speyer has bought a government-let building from Land Securities for £170m.
Olympic media centre shortlist named

19 January 2012

Three bidders have been named today as shortlisted parties to anchor the Olympic International Press and Broadcast Centres from Spring 2013.
Segro lines up £300m sale

18 January 2012

Segro is close to selling £300m of industrial and regional office space, as its £1.6bn disposal of non-core assets kicked into gear, Property Week can reveal.
First phase of Swindon's £350m Union Square scheme gets consent

18 January 2012

The first phase of the £350m regeneration of Union Square in the centre of Swindon is to start in late spring following the approval of plans to progress the scheme.
Picton buys missing piece in Angel office village

17 January 2012

Picton Property Income has bought the final piece of the Angel Gate Office Village in London.
Threadneedle completes £30m Marlow deal

16 January 2012

Threadneedle Property has completed a deal to buy a 100,000 sq ft office scheme in Marlow, Buckinghamshire, from Invista Real Estate Investment Management for £30m.
CMS pulls out of Hammerson prelet

16 January 2012

Law firm CMS Cameron Mckenna has terminated a prelet agreement at Hammerson’s 591,000 sq ft Principal Place office development in the City, as the current global financial turmoil continues to bite on property in the Square Mile.
Swedes buy £230m Paddington asset

16 January 2012

A pair of Swedish Pension funds has bought a building in London’s Paddington for a total of £230m, paving the way for the development of two new buildings in the area.
deVere Group to open Lisbon office

16 January 2012

The deVere Group has announced plans to open a new office in Lisbon, Portugal next month.
Ernesto Bertarelli takes Mayfair lease

13 January 2012

Ernesto Bertarelli’s group of companies has signed a 26,000 sq ft lease at One Curzon Street in London’s Mayfair.
Hammerson’s Principal aim to sell stake in City scheme

13 January 2012

REIT to offload £155m half-share in Square Mile flagship asset to reduce exposure to large-scale development
Malaysian fund ponders purchase of KanAm’s £1bn City of London portfolio

13 January 2012

Malaysian investment fund PNB is in talks to buy some or all of a £1bn City of London and Docklands office portfolio.
MGPA to buy £53m Hammersmith block

13 January 2012

MGPA is to buy a £53m block in London’s Hammersmith from CBRE Global Investors, to tap into declining supply in the borough.
Stena Realty sails into former shipping offices

13 January 2012

Stena Realty, the property investment arm of Swedish shipping line Stena, has made its second UK property purchase.
Work begins on Sixty London

13 January 2012

Axa Real Estate Investment Managers began the development of a 235,000 sq ft scheme in London’s Midtown this week.
Savills: Office Market Report - Winter 2011/2012

12 January 2012

The UK office market during 2011 has been predominantly characterised by lower occupational demand. Many occupiers have looked to either regear existing leases at break options or taking short extensions at expiries in attempt to avoid relocating and therefore any capital expenditure.
Knight Frank: Hong Kong Prime Office Monthly Report - December 2011

12 January 2012

Sentiment in the offices sales market improved slightly over the past month, following the reduction of borrowing costs by six foreign central banks.
JLL appointed to Minerva's major City offices

12 January 2012

Jones Lang LaSalle has been appointed to market Minerva’s St Botolph’s and Walbrook office developments in the City of London.
Admiral in talks to take new office block in Newport

12 January 2012

Admiral Group has announced provisional plans to take a 20-year lease on a new office building in Newport, as part of its expansion in Wales.
Cadogan picks Executive Offices for Knightsbridge property

12 January 2012

The Cadogan Estate has chosen serviced offices operator Executive Offices Group to manage its 45 Pont Street property in Knightsbridge.
Government unveils Airport City masterplan

12 January 2012

Chancellor George Osborne will today unveil a masterplan by MAG Developments for the Airport City scheme near Manchester Airport.
Malaysian wealth fund in talks on £1bn KanAm portfolio

11 January 2012

Malaysian investment fund PNB is in talks to buy some or all of a £1bn City office portfolio being sold by German fund manager KanAm.
Savills extends German reach with BNP Paribas Real Estate team

11 January 2012

Savills has grown its German business by opening a new office in Cologne, which will be staffed by a five-strong team it has poached from BNP Paribas Real Estate.
WELPUT buys Warner Bros' HQ

9 January 2012

Schroders’ West End of London Property Unit Trust has bought the headquarters of Warner Brothers on Theobalds Road in London’s Holborn at a 5.94% yield.
Axa prepares €2.5bn European development spree

9 January 2012

Axa Real Estate Investment Managers is preparing to spend up to €2.5bn on developments across Europe, after raising €588.5m for its European Development fund.
Prupim begins SE spree with Reading and Woking buys

9 January 2012

Prupim has started spending the cash raised by its sale of the £400m Green Park business park with nearly £40m of acquisitions in Reading and Woking, PropertyWeek.com can reveal.
Harbert to buy IQ Farnborough

6 January 2012

Harbert has placed Segro’s IQ Farnborough business park under offer for approximately £90m.
Deka buys Manchester office

6 January 2012

Orchard Street Investment Management has sold the Belvedere building at Booth St in Manchester on behalf of client Railway Pension Fund Nominees to German fund manager Deka Immobilien, TheBusinessDesk.com reported today.
Hines snaps up 1 Bartholomew Lane

6 January 2012

Hines has bought a prime City of London office building on behalf of an Asian investor making its overseas property debut.
BP oils wheels of west London

06 January 2012

BP this week began a search for up to 180,000 sq ft of office space between Staines and Weybridge.
Financial occupier trio flock to Jersey’s 37 Esplanade

06 January 2012

Three financial services tenants have taken space at Dandara’s 37 Esplanade development in Jersey.
Financier sweet on Sugar’s St James’s office

06 January 2012

Lord Sugar has sold a £5.9m block in London’s St James’s that he used as his office.
Glasgow site powers up: Scottish Power drops 220 Broomielaw from HQ plan

06 January 2012

Scottish Power is eyeing the former Elphinstone Tower site for its new Glasgow headquarters, after abandoning talks to buy a plot on the River Clyde.
Moorfield buys £50m Finsbury Circus building

06 January 2012

Moorfield Group, on behalf of the Moorfield Real Estate Fund II, has completed its purchase of the long-leasehold interest in Salisbury House on Finsbury Circus in the City of London.
Nestle confirms Croydon exit

5 January 2012

Nestle has today confirmed its head office relocation to Legal & General’s 1 City Place in Crawley.
Nestle to leave Croydon for L&G Crawley scheme

4 January 2012

Nestle has signed a deal to move out of its headquarters in Croydon to Legal & General’s 1 City Place in Crawley.
MEPC secures Basingstoke's biggest letting

4 January 2012

MEPC has secured Basingstoke’s biggest letting of the past six years at Chineham Park.
JLL's 2012 predictions revealed

4 January 2012

Jones Lang LaSalle’s annual property predictions paint a cautious picture of the year ahead with a few chinks of light expected to shine through. Here, PropertyWeek.com presents the notable findings in retail, capital markets, offices, development and industrial.
Law Society commits to Birmingham move

29 December 2011

The Law Society has signed a deal to take 57,000 sq ft of office space at The Cube, in Birmingham.
Strutts West End partner to depart

22 December 2011

One of Strutt & Parker’s West End office agency partners is to leave the business to work for DTZ in Bristol.
Great Portland Estates sells in Savile Row

21 December 2011

Great Portland Estates has sold the long leasehold interest in 28-29 Savile Row to Aerium Finance Limited and Allied London.
Call centre company in massive Derby letting

16 December 2011

Herotsc, one of the UK’s largest call centre companies, has confirmed it will be taking over part of Egg’s former headquarter building in Derby. The deal represents one of the biggest regional office lettings this year.
Orchard Street completes Cambridge acquistion

16 December 2011

Orchard Street Investment Management has completed the acquisition of St Andrews House and Radio House in Cambridge from AXA Real Estate for £15.15m.
Legal and General secures Godalming letting

16 December 2011

Legal & General Property has let its entire Friary House building at Station Road, Godalming, to Hotelplan, the parent company of specialist tour operators Inghams, Inntravel, Esprit Holidays and Ski Total.
£1.7bn City investment action

16 December 2011

Deals line up at Thames Court, Woolgate Exchange and Bunhill Row
Cadogan wins Sloane Street planning consent

16 December 2011

The Cadogan Estate won planning consent for a 100,000 sq ft mixed-use scheme on Sloane Street in London’s Chelsea this week.
Italy flies the flag in Farringdon

16 December 2011

Italy’s Consulate General is to become the first diplomatic occupier in the City of London for centuries, in a property developed by Derwent London.
REIT course of action for Empire State Building

16 December 2011

New York icon the Empire State Building is to be floated as part of a US REIT.
The Beatles' Mayfair headquarters sold

15 December 2011

The former headquarters of The Beatles, where the band played its last live performance, has been sold to a private investor for £31.85m.
Kuwaiti property company completes £176m City deal

15 December 2011

Kuwaiti property company St Martins Property Investments has completed its deal to buy 60 Threadneedle Street for £176m, as revealed by Property Week.
Punter Southall in 35,200 sq ft Strand letting

14 December 2011

Orchard Street Investment Management has let 35,200 sq ft of offices at 11 Strand in London to Punter Southall Group.
CLS lodges £400m Vauxhall plans

14 December 2011

CLS Holdings yesterday submitted a detailed planning application for a 1.66m sq ft mixed-use development on the site of its headquarters in London’s Vauxhall.
CBRE Global Investors scores Sheffield’s biggest letting in two years

13 December 2011

Telecoms firm PlusNet has agreed to relocate to a headquarters in Sheffield city centre, in the city’s largest letting for two years and a rare expansion story for the regional markets.
UK stations to offer drop-in offices

12 December 2011

Business space provider The Office Group has signed an agreement with Network Rail to provide flexible working space at stations across London and the UK, starting with Paddington.
GI Partners teams up with Rowan to close £83m Aldwych deal

12 December 2011

Investment company GI Partners has joined up with Rowan Asset Management to buy Aldwych House on Aldwych in London’s Midtown.
Yorkshire Forward defends Leeds headquarters sale

12 December 2011

Yorkshire Forward has defended a deal to sell its Leeds headquarters for £10m less than it paid for it, TheBusinessDesk.com reported today.
CBRE to help let Waterhouse Square

9 December 2011

Prupim has appointed CBRE as joint agent with DTZ to let 2 Waterhouse Square, the brick building that is currently the focus of speculation about whether ad giant Saatchi & Saatchi will choose to relocate there.
Muse picked for Stockport regeneration

9 December 2011

Muse Developments, the Salford-based regeneration division of Morgan Sindall Group, has been selected as preferred development partner for the £145m regeneration of the Grand Central site next to Stockport station, TheBusinessDesk.com reported today.
City mergers benefit occupier market

9 December 2011

Latest lettings suggest Square Mile may be gaining strength
Colliers International: South East Offices Snapshot - November 2011

9 December 2011

Total M25 availability fell for the second successive quarter to stand at its lowest level for 12 months.
Debt issue proves too big an obstacle for Adelphi buyer

9 December 2011

London’s Adelphi building is expected to be put back on the market in the new year, after an opportunity fund manager failed to buy the block for £285m.
DTZ: UK Update - November 2011

9 December 2011

All Property monthly total return was once again broadly stable in October at 0.59%. Total return was mostly attributable to income return. Capital growth was effectively zero.
Q+A: Smart move in Cardiff

9 December 2011

JR Smart, a 35-year-old south Wales-based property development company, completed the speculative 40,000 sq ft Driscoll Buildings in Cardiff in September. It let the office to utility infrastructure company Inexus during construction.
Rockspring targets Staines and Leeds sites

9 December 2011

Rockspring continued its advance on the regions this week by spending more than £35m in Staines and Leeds on behalf of pension fund clients.
Stoford salutes Admiral in Cardiff

9 December 2011

Stoford completed a forward-funding agreement with German open-ended fund manager Union Investment last Friday, for the latter to provide £60m for Admiral’s new headquarters in Cardiff.
Tony Hayward fuels controversy

9 December 2011

Former BP chief Tony Hayward has leased space at one of Mayfair’s most expensive buildings.
Helical makes history at Barts: Plans revealed for huge mixed-use scheme

8 December 2011

City’s largest regeneration project for 20 years will combine new and old in huge mixed-use scheme
Clyde & Co doubles space at Goodman's Oxford Business Park

8 December 2011

Clyde & Co has doubled the amount of space it occupies at Goodman’s Oxford Business Park.
Crosstree closes in on Mayfair trophy

8 December 2011

A property company backed by pharmaceuticals mogul Ernesto Bertarelli is close to buying a hotel and office block in London’s Mayfair for between £150m and £160m, PropertyWeek.com can reveal.
Rock ousted from Glasgow scheme

8 December 2011

Rock Asset Management has been ousted as asset manager of the City Park office property in Glasgow which it bought at the height of the property boom.
Edinburgh council to secure 45,000 sq ft letting

8 December 2011

A stock broking company has placed 45,000 sq ft of space at the Edinburgh International Conference Centre extension under offer.
GE Capital launches Gateway vehicle to invest €1bn in European offices

7 December 2011

GE Capital Real Estate is to embark on a €1bn European office property investment spree.
Biggest Sale and Altrincham letting of 2011 achieved by Commercial Estates Group

7 December 2011

Smooth Financial Consultants has taken 14,242 sq ft of office space at Jackson House in Sale, making it 2011’s largest letting in the Sale and Altrincham area, TheBusinessDesk.com reported today.
KPMG concludes Manchester HQ deal

6 December 2011

Argent and Greater Manchester Property Venture Fund, the joint venture development partners for One St Peter’s Square, have closed a 62,500 sq ft deal with KPMG for the 280,000 sq ft building.
Aviva targets Tokyo offices

2 December 2011

Aviva Investors has raised $122m for a Tokyo property fund, as it continues its push into Asia.
Bold moves on West London's property front

2 December 2011

David Hatcher looks at the character of a series of new West London developments
Chancerygate airport shed off to a flyer …

2 December 2011

Chancerygate has prelet a 37,000 sq ft warehouse near Heathrow airport and forward-sold the completed investment to Liverpool Victoria (LV=).
Google search stops at King's Cross Central

2 December 2011

Negotiations between Argent and media company for headquarters advance
Leeds cheered by office letting

2 December 2011

Health insurance firm the Medical Protection Society is close to signing Leeds’s biggest office deal of the year, after placing 2 and 3 Victoria Place under offer.
Nokia lease calls up speculative thinking at Paddington Central scheme

2 December 2011

Nokia is close to signing a 60,000 sq ft lease at Two Kingdom Street at London’s Paddington Central.
Palmer sells in City to beef up coffers

2 December 2011

Palmer Capital Development Fund II has sold 155 Fenchurch Street in the City of London for £27m, which gives it £150m to spend on distressed opportunities.
Q+A: why Wainbridge is hung up on Hanger Lane

2 December 2011

In September Wainbridge bought FC200, a 164,000 sq ft vacant office building in Hanger Lane, west London, for £16m for its Global Opportunities London fund.
Shipping forecast fair for Union in Cardiff

2 December 2011

German fund manager paying £60m to forward-fund new Admiral headquarters
Ugli is beautiful for BBC's new media hub

2 December 2011

BBC is transforming one of its abandoned London bases into modern media hub.David Hatcher reports
Biggest Moscow office deal of 2011 completes

1 December 2011

Mail.Ru Group, the Russian internet company, has leased 322,000 sq ft in Moscow’s biggest office deal of 2011.
Fonciere des Regions secures Paris letting

1 December 2011

French property company Fonciere des Regions has 65,000 sq ft in its CB21 tower in Paris to insurance firm Chartis.
Wealth advisors move to Highcross' Leeds scheme

30 November 2011

Wealth advisors Towry have relocated their Leeds office to Toronto Square, a £10m office development by Highcross.
Data centre proposed for Olympic media centre

30 November 2011

London 2012’s Olympic media centre could be turned into a giant data centre to serve east London’s thriving technology sector, PropertyWeek.com has learned.
Orchard Street buys Mayfair office

30 November 2011

Orchard Street Investment Management has exchanged contracts to buy 61-65 Conduit Street in London’s Mayfair for £36m.
Law Society plans Birmingham Cube consolidation

29 November 2011

Plans by the Law Society to consolidate two of its West Midlands offices into one in Birmingham have taken a new twist after it emerged it could be heading for The Cube, TheBusinessDesk.com reported today.
Lend Lease wins Stratford City consent

28 November 2011

Lend Lease and London & Continental Railways’ £1.3bn scheme at the Olympic Park in Stratford City has been given planning approval.
Former London Scottish Bank HQ up for sale

28 November 2011

The former headquarters of London Scottish Bank in Manchester have been put up for sale, TheBusinessDesk.com reported today.
Bridges Ventures buys in Gloucester

28 November 2011

Bridges Ventures, the “social” venture capitalist, has bought a Gloucester office development for its Bridges Sustainable Property Fund.
LaSalle buys Stockley office for £21.8m

28 November 2011

LaSalle Investment Management has bought 77,827 sq ft office building at Stockley Park for £21.8m.
Savills: Milan Office Update - Q3 2011

28 November 2011

“Despite the weaker leasing activity in the third quarter of the year, there is sustained occupier demand for office space which, combined with low levels of new space delivery, maintains the rental stability in the market.”
Firms team up to form Birmingham business hub

25 November 2011

Seven business organisations across Birmingham will join forces at a single location in the city to form a new ‘Birmingham Business Hub’, TheBusinessDesk.com reported today.
Bruntwood puts Centre City under offer

25 November 2011

Bruntwood has placed Centre City in Birmingham under offer for around £22m.
Columbus Capital Management completes its last equity closing

25 November 2011

Columbus Capital Management has completed its last equity closing on its UK real estate fund after raising around £160m.
Bidders queue for Credit Suisse HQ

25 November 2011

The Canary Wharf headquarters of Credit Suisse is set to be the next large building in London’s financial heart and Docklands to be sold, as bidders prepare offers on the £325m sale.
Botanic House seeds Cambridge’s first office prelet in 20 years

25 November 2011

Law firm Mills & Reeve is to lease the 52,000 sq ft Botanic House in Cambridge — the first prelet office deal in the city in more than 20 years.
Cable & Wireless calls Dohertybaines

25 November 2011

Cable & Wireless Worldwide has appointed Dohertybaines on a four-year contract to service all its corporate real estate requirements.
Columbus discovers Lombard House

25 November 2011

Columbus Capital Management has completed a second purchase from the collapsed Stockland Halladale joint venture and raised £160m of new equity
New green rules threat

25 November 2011

Letting of 600,000 properties with low energy performance certificates to be prohibited
Safestyle's Bradford HQ sold to private company

22 November 2011

BTG Restructuring has sold two properties let to Safestyle UK for £3.25m, TheBusinessDesk.com reported today.
Foreign investors now dominate City of London market

22 November 2011

Foreign investors are now the dominant owners of the City of London, with control of 52% of the square mile’s office stock, research has shown.
Oxford Properties completes £400m Green Park purchase

18 November 2011

Oxford Properties has today completed the acquisition of Green Park, the 190-acre business park in Reading, from Prupim for around £400m.
Boots stuck after Regional Growth Fund rejection

18 November 2011

Allied Boots is expected to apply for a share of the government’s £500m Growing Places Fund, after its bid for £180m of Regional Growth Funding failed.
Councils thwart office-to-resi plans

18 November 2011

Authorities deem proposals “impossible” and aim to protect commercial space
Funds spend £100m of Scots strongholds

18 November 2011

Pramerica and Deka to buy city office assets in Glasgow and Edinburgh
Moorfield tots up £47m in Didsbury

18 November 2011

Opportunistic investor buys Manchester business park with Property Alliance
Savills: Milan Office Quarterly Update - Q3 2011

15 November 2011

“Despite the weaker leasing activity in the third quarter of the year, there is sustained occupier demand for office space which, combined with low levels of new space delivery, maintains the rental stability in the market.”
Savills: European Office Markets - 2011

15 November 2011

Rare and expensive new CBD office spaces may scare away the bulk of office occupiers who may consider relocating into secondary areas.
Hoare Lea signs at King’s Cross Central

15 November 2011

Engineering firm Hoare Lea has agreed a 15 year lease with King’s Cross Central Limited Partnership to occupy 22,000 sq ft of office space in the Western Transit Shed at the London regeneration scheme.
LaSalle sells Surrey business park

14 November 2011

Investment managers Investream and Angelo, Gordon & Co have bought the Frimley Business Park in Surrey for £15m.
MWB Group given more time to decide on Business Exchange bid

14 November 2011

MWB Group has been given yet more time to decide whether or not to bid for serviced office company MWB Business Exchange.
Workspace nudges NAV up through asset management

14 November 2011

Net asset value at Workspace Group rose by 4p, or 1.4%, in the half year to the end of September.
Norges Bank and Axa buy €290m Parisian office portfolio

11 November 2011

Norges Bank and Axa Real Estate have bought a portfolio of three Parisian offices for €290m from German open ended fund manager SEB.
Abstract thinks up Glasgow office spec

11 November 2011

Developer to undercut local rents at 170,000 sq ft scheme in city centre
Edinburgh council outbids developers

11 November 2011

Edinburgh City Council has emerged as the preferred bidder to buy a site near the Scottish capital’s city centre that was earmarked by HBOS for its global headquarters.
Israeli investor to sell £150m London assets

11 November 2011

CBRE and Savills advising on market Irish-funded Old Street and Southwark sites
RBS sells Spanish assets

11 November 2011

Spanish asset manager Drago Capital has teamed up with a Canadian institutional investor to buy the 50% stake of a Spanish property portfolio
Union profits on €38.4m Marseilles sale

11 November 2011

Union Investment has sold the Espace Gaymard office building in Marseilles to Perial Asset Management for €38.4m.
Deka Immobilien returns to Birmingham market with £22.5m purchase

9 November 2011

Deka Immobilien has returned to the Birmingham market after five year with the purchase of a city centre office for £22.5m, TheBusinessDesk.com reported today.
Camden’s King’s Cross HQ plans approved

8 November 2011

Planning permission for Camden Council’s contact centre and office accommodation, a new public sports centre and modern public library at King’s Cross Central has been granted.
Halfords to close Solihull Autocentres head office

8 November 2011

Halfords has announced it is to close the Solihull head office of its Autocentres business and relocate the operation to its main group headquarters in Redditch.
Rockspring buys Leatherhead business park

4 November 2011

Rockspring Property Investment Managers has bought the Mole Business Park in Leatherhead for £38.1m.
Land Securities given green light for major Victoria development

4 November 2011

Land Securities was last night granted planning consent for a 548,000 sq ft office and apartments scheme in London’s Victoria.
Property Week parent in HQ talks with Great Portland Estates

4 November 2011

Property Week’s parent UBM is believed to have agreed terms with Great Portland Estates for a major new headquarters building near the south bank of the Thames.
Evans Randall seeks €400m exit in Munich and Amsterdam

4 November 2011

Evans Randall is preparing to bring two European office blocks to the market for around €400m.
Hanover ‘Make-over’

4 November 2011

London’s Hanover Square is to have a “Make-over”, after Legal & General appointed Ken Shuttleworth’s architecture practice to redevelop its holdings there.
JP Morgan adds to City ‘vacant’ list

4 November 2011

As eurozone troubles cast pall over City occupational market, bank adds 312,000 sq ft
Richard Desmond’s dreams of Luton ‘media city’ receive go-ahead

4 November 2011

Government funding to improve M1 junction unlocks £100m scheme. Sarah Stewart reports
Rockspring rolls into Surrey

4 November 2011

The Rockspring Hanover Property Unit Trust has bought a business park in Surrey after raising £70m of equity.
Wine importer signs corking Battersea lease

4 November 2011

Fields Morris & Verdin has signed a 20,000 sq ft lease in London’s Battersea, before its headquarters is demolished to make way for the new US embassy.
Frogmore seals Centre Point deal

2 November 2011

Frogmore has completed its purchase of a 25% share in Centre Point, the tower block owned by Almacantar in London’s West End that has been earmarked for residential conversion.
St Martins closes in on £175m Hammerson office deal

1 November 2011

Kuwaiti property company St Martins Corporation has agreed a deal to buy 60 Threadneedle Street in the City from Hammerson for more than £175m.
Richard Desmond's Luton media hub gains Regional Growth Funding

31 October 2011

Media mogul Richard Desmond can now take forward his plans for the creation of a media city in Luton following the granting of Regional Growth Funding from the Department for Business, Innovation and Skills.
Peel submits plans for £650m Chatham Docks scheme

31 October 2011

John Whittaker’s Peel Land & Property has submitted an outline planning application for a £650m mixed-use scheme at Chatham Docks, Kent.
Cold war waged over One Blackfriars

28 October 2011

South bank scheme’s former Russian owner files High Court claim that site is worth far more than £77.4m
Mitsui Fudosan and Stanhope to spec in City

28 October 2011

Mitsui Fudosan is understood to have agreed to buy 8-10 Moorgate in the City of London to speculatively develop a 120,000 sq ft office property with its partner, Stanhope.
Samsung to make Euro debut at Drapers Gardens

28 October 2011

South Korean pension fund in exclusive talks to buy £290m property
Second coming: Infrastructure and funding

28 October 2011

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
Allied London lets remaining space at Spinningfields 1 The Avenue

26 October 2011

Allied London has let the last of the remaining space at its 1 The Avenue building to wealth manager Brewin Dolphin, TheBusinessDesk.com reported today.
Network Rail takes 30,000 sq ft in Brum

21 October 2011

Network Rail has signed for 30,000 sq ft at Moredun’s Norfolk House in Birmingham.
£125m of Scottish properties come to market

21 October 2011

Institutions sell assets in Glasgow and Edinburgh. David Hatcher reports
Axa’s specs appeal to MGPA

21 October 2011

Fund manager to provide equity and development funding for 6 Bevis Marks scheme in City of London
Berkeley buys London Beetham Tower

21 October 2011

One Blackfriars on south bank of Thames plucked from administration
Derwent’s ‘White Collar’ workout

21 October 2011

Derwent London is close to securing a 100,000 sq ft prelet that would enable the redevelopment of two 1950s warehouses of 280,000 sq ft at 132-142 Hampstead Road.
Foxtons founder sniffs out Clarion letting

21 October 2011

Foxtons founder Jon Hunt’s development company, Ocubis, has agreed to let 30,000 sq ft at the Fulham Green office development in south-west London.
Glasgow developments fail to get off ground

21 October 2011

This year’s Drivers Jonas Deloitte Crane Survey for Glasgow shows only three new starts across the city in the past 12 months.
Infrared hits German target

21 October 2011

Infrared Capital Partners, in a joint venture with German Art-Invest Real Estate, has bought the Cologne Tower in Cologne from EH Estate Management.
Moet celebrates with new headquarters

21 October 2011

Moet & Chandon will move into a new European headquarters in London’s West End, after sparkling third-quarter results from its parent company this week.
Paddington purchase has Meritas

21 October 2011

A Bahraini development company has exchanged contracts to buy a large mixed-use development site in Paddington from Westminster City Council.
Quartermile leads Edinburgh market revival

21 October 2011

Prime mixed-use development up for sale as market starts to move. David Hatcher reports
Saatchi takes ad break in Midtown

21 October 2011

Agency looks east to Waterhouse Square in search of cheaper rent
USS buys west London office park at 9.2%

20 October 2011

Universities Superannuation Scheme has bought the Hayes Park office campus in Uxbridge for £56.25m.
MWB suffers two-thirds net asset value drop

20 October 2011

MWB Group today reported that net asset value had plummeted by two-thirds over the 18 month to the end of June.
O&H secures £78m debt facility

20 October 2011

O&H Group, the private investment company owned by the Gabbay and Shahmoon families, has secured a £78m debt facility for a portfolio including a number of Mayfair offices.
Tate & Lyle letting is sweet deal for UK & European

20 October 2011

UK & European has secured Tate & Lyle as the first tenant at its One Kingsway development in London’s Midtown, as revealed by Property Week.
Colliers and JLL appointed to dispose of Maxis office campus in Bracknell

20 October 2011

Administrators to a large, vacant office building in Bracknell have appointed agents to dispose of it.
Towers Watson fills up MEPC Leeds office

19 October 2011

A prominent Leeds office building has reached maximum capacity after professionals services firm Towers Watson agreed to take extra space, TheBusinessDesk.com reported today.
Receiver appoint to Pearl property

14 October 2011

A receiver has been appointed to a £42m property in David Pearl’s portfolio in order to push through sale of the asset.
BDO requirement could be only hope for Bristol’s Bridgewater House

14 October 2011

Cubex Land and Prupim submitted a planning application last month for the restoration of the property.
Crown Estate lets in Cambridge

14 October 2011

The Crown Estate has let 77,000 sq ft at the 320,000 sq ft Cambridge Business Park.
Henderson offices open to fanfare in Bath

14 October 2011

Ascentric’s 21,000 sq ft letting is cause for celebration in large floorplate-starved city. Christine Eade reports
Icap eyes move away from Broadgate

14 October 2011

Broker looking for up to 275,000 sq ft when lease expires in 2015
Irish investors pull plug on UK

14 October 2011

The widespread sale of UK property by Irish investors continued this week as a £55m asset was sold in London and a further £100m were offloaded across the country.
Sugar Quay site in administration

14 October 2011

Debt maturity forces Pace vehicle Tilemead to bow to economic pressure
UK & European nears end of development road in Bristol

14 October 2011

UK & European Investments has come to the end of its Bristol city centre development programme, but still has faith in the city.
West of England LEPs success

14 October 2011

Bristol’s new enterprise zone, which comprises 70 ha around Temple Meads, aims to create 240,000 sq m of new and refurbished space.
Engineering firm relocate European HQ in south Manchester

13 October 2011

Process engineering company Simon Carves is to move its European headquarters to Atlas Business Park in south Manchester after agreeing a new ten-year lease with landlord AXA Real Estate, TheBusinessDesk.com reported today.
Standard Life Wealth moves in Birmingham

7 October 2011

Standard Life Wealth Birmingham, the investment specialists for private clients in the Midlands, has moved into new office premises in the city’s Jewellery Quarter, TheBusinessDesk.com reported today.
LaSalle £47m deal to bring Premier Inn to Blackfriars

30 September 2011

LaSalle Investment Management is planning to convert an office in London’s Blackfriars into a Premier Inn hotel.
Axa submits St Paul's planning application

30 September 2011

Axa Real Estate Investment Managers has submitted a planning application for a 90,000 sq ft redevelopment scheme overlooking London’s St Paul’s Cathedral.
AIG to give up $1.1bn Russian office trophy

30 September 2011

Firm that cost US taxpayers billions drives $1.1bn sale in Moscow
Coming of Aegis

30 September 2011

Indian outsourcing group to locate new call centres in the UK
Distressed sale in Birmingham

30 September 2011

An office building in Birmingham city centre has been put up for sale for £22m
Private family trust in £15.9m Midtown buy

29 September 2011

Private family trust Arbel Holdings has bought 95 Aldwych, near to London’s Covent Garden, for £15.9m.
Google to join East London tech hub

28 September 2011

Google has thrown its weight behind the government’s “East London Tech City” by agreeing to take a 25,000 sq ft lease in a seven storey building on Bonhill Street.
Hines looks for £57.50 at Cannon Place

27 September 2011

Global developer Hines has completed its Cannon Place development in the City and is looking for initial rents of £57.50/sq ft at the building.
Spooks and Masterchef producers expand in NW1

27 September 2011

The TV production company behind shows Masterchef and Spooks has taken a 10,500 sq ft lease in London, NW1.
Hermes buys Manchester city centre office

27 September 2011

Hermes Property Unit Trust has bought the Citygate Court building at Mosley Street in Manchester city centre, TheBusinessDesk.com reported today.
CLS buys in Hounslow

27 September 2011

CLS Holdings has completed the purchase of two adjacent office buildings in Hounslow for £5.5m.
Twitter to set up Dublin base

27 September 2011

Twitter is to become the latest internet company to join Ireland’s Silicon Valley after announcing plans to set up a base in Dublin.
Novartis takes 64,000 ft Camberley block

26 September 2011

Pharmaceuticals company Novartis has signed for a 64,000 sq ft headquarters at F&C Reit Asset Management’s Watchmoor Park in Camberley.
Major deals for Leeds as Ingeus moves to The Gateway

23 September 2011

Welfare-to-work provider Ingeus UK has taken 12,000 sq ft of space at The Gateway in Leeds in what is believed to be the biggest commercial property letting in the city this year, TheBusinessDesk.com reported today.
Debenhams’ Regency relocation

23 September 2011

Debenhams has sealed its deal to take a 145,000 sq ft prelet at British Land’s Regent’s Place near London Euston, which paves the way for the scheme’s last phase to be developed
London’s office lettings bonanza

23 September 2011

More than 150,000 sq ft of office lettings are close to being signed in central London
Raising the roof: Could this be DTZ's new UK headquarters?

23 September 2011

BNP Paribas Real Estate Property Development this week submitted an application to Camden Council for reserved matters approval for a 360,000 sq ft office scheme at King’s Cross Central
BP to move HQ to Bedfont Lakes

22 September 2011

BP is to take 70,000 sq ft at Scottish Widows’ Bedfont Lakes near Heathrow.
Peel's £175m International Trade Centre approved

22 September 2011

A planning application to build the new Wirral International Trade Centre (ITC) has been approved, TheBusinessDesk.com reported today.
Debenhams to move headquarters to British Land's NEQ

20 September 2011

Debenhams is to move its headquarters to north west London in the summer of 2013 to move into British Land’s mixed use development at Regent’s Place.
Debenhams agrees new headquarters deal with British Land

20 September 2011

Debenhams has agreed terms to lease 145,000 sq ft at British Land’s Regent’s Place for its new headquarters.
Bruntwood in £200m refinancing

19 September 2011

Barclays Real Estate has become a new lender to north-west offices company Bruntwood, after providing £30m of debt in a £200m medium-tern club deal.
Manchester’s One Piccadilly Gardens sold to Europa

19 September 2011

Europa Capital, in a joint venture with Paul Parkinson, has bought One Piccadilly Gardens and the Pavilion in Manchester from a private Irish investor for £67m.
Ahouvi buys Gloucestershire office for £14.35m

16 September 2011

Israeli investor Igal Ahouvi has bought an office building in Cirencester, Gloucestershire, for £14.35m
Brookfield buys Bethesda Metro Center for $150.1m

16 September 2011

Brookfield Office Properties has bought a 17-storey office tower in the US capital, Washington, for $150.1m
Henderson to swap office for shops

16 September 2011

Henderson Global Investors is preparing to reinvent its Bishops Court office building in the City of London as a retail scheme
Landid and Delancey put Sun Park up for sale

16 September 2011

Landid and Delancey this week brought to market the largest single amount of office space in the Thames Valley
Tower 42 for sale

16 September 2011

Tower 42 on Old Broad Street in the City of London has been put up for sale again, for £290m
RESI 2011: Property Week launches pro-development campaign

15 September 2011

Property Week today launches a “Campaign for Sustainable Development”, calling for readers’ support for development that will help revive the UK.
Six firms sign at the Phoenix Brewery

13 September 2011

Six companies have signed for space at Cube Real Estate and Ropemaker Properties’ Phoenix Brewery on Bramley Road, London.
Real Estate Investors wraps up £13m of deals

13 September 2011

Real Estate Investors, the West Midlands based property company, has bought three properties in the Midlands for a total of £13m and a yield of 11.84%.
Rockspring gets green light in the City

12 September 2011

Rockspring Property Investment Managers has secured planning consent for an 80,000 sq ft office in the City of London.
Bourne Capital puts £90m Queensway Estate on the block

12 September 2011

A set of properties near Queensway Underground station and owned by entrepreneur Robert Bourne are to be put on the market for around £80-90m.
Hines presses Ballymore to progress Snowhill site

9 September 2011

Funding partner insists site is cleared or advanced before occupier moves in.
JLL and King Sturge merge in Birmingham’s Church Street

9 September 2011

Team heads about to be announced for new office
Murdoch to sell Wapping HQ

9 September 2011

News International is to sell its 15 acre Wapping offices, after abandoning long-held plans to redevelop the site
Squeezed Southampton office market to gain spec space

9 September 2011

Developer buys 200,000 sq ft development site.
CB Richard Ellis: UK Regional Office Markets - H1 2011

8 September 2011

The first half of the year has been a mixed picture of takeup activity.
Tristan’s Curzon fund buys £23m former Kenmore asset

6 September 2011

Tristan Capital has bought a vacant office building in Glasgow from administrators to Kenmore Property Group.
Quintain sells Cambridge office

6 September 2011

Listed regeneration company Quintain, on behalf of its secondary property fund, SeQWuel, has sold 140 Cambridge Science Park to Mayfair Capital Unit Trust for a net initial yield of 7.8%.
Helical Bar lets 65,000sq ft at Aldersgate

5 September 2011

Helical Bar has let 65,000 sq ft to seven tenants at its newly refurbished 200 Aldersgate in the City of London.
Hannover’s City first

2 September 2011

German fund manager buys at 5.1% in anticipation of rent increase
Maidenhead landlords broaden horizons to overcome oversupply

2 September 2011

Maidenhead’s out-of-town office market has been dogged by oversupply
Twitter Interview: Nick Coote

2 September 2011

David Hatcher interviews Nick Coote, head of Lambert Smith Hampton’s Reading office, who has 36 followers, in Property Week’s first “twinterview”
Hines moves on Cheapside talks and plans Apple debut

1 September 2011

Hines is in advanced talks to buy the 100 Cheapside development site in the City of London and is negotiating with Apple to open the retailer’s first City of London store there.
Hannover Leasing buys £139m City office

1 September 2011

German closed-end fund manager Hannover Leasing has bought a 19-storey office in the City of London for £139m.
Regus back in black as occupancy hits record high

30 August 2011

Regus moved back into the black in the first half of the year after its level of occupancy hit a record high.
Martin Jepson to drive Brookfield's UK expansion

26 August 2011

Hammerson’s former head of London, Martin Jepson, has joined New York-based property company Brookfield Office Properties as senior vice president, investment and development.
De Blaby scrutinises GVA's data

26 August 2011

Rick de Blaby, chief executive of development manager MEPC, compares GVA’s findings with his own take on the market
Enterprise zone status gives Kent Pfizer site sale shot in arm

26 August 2011

Buyers show interest in pharmaceutical company’s redundant campus following announcement
Five occupiers consider going the whole nine yards at Edinburgh Bioquarter

26 August 2011

The developers of Edinburgh Bioquarter are in talks with five companies to take space at its Nine scheme, as construction of the building is completed this week
Newcastle spec space at Quorum

26 August 2011

A further 131,000 sq ft at park to be completed next month
Occupier expands Cambridge’s Horizon

26 August 2011

Horizon has expanded its operation at Cambridge Research Park by taking the entire Building 7100
Offices-to-resi conversion dogged by dissent

26 August 2011

Scepticism is growing about plans announced in the March Budget to increase the housing supply by allowing developers to convert commercial premises to housing
Racing start at Silverstone

26 August 2011

Silverstone Holdings expects an accelerated start on the construction of both a business park and technology park, following the submission on 25 August of a planning application to redevelop land around the Formula 1 racetrack
South’s burgeoning business park take-up bounds ahead of sluggish north

26 August 2011

GVA review shows slow return to form, but occupiers are still risk averse in northern regions
Shell takes space at Max Property Group Manchester business park

25 August 2011

Max Property Group has let 30,000 sq ft in a Manchester business park to Shell UK.
Scottish Widows to provide £100m funding to DevSecs' Hammersmith scheme

25 August 2011

Scottish Widows has agreed to provide around £100m of forward funding for Development Securities’ 275,000 sq ft Hammersmith Grove office scheme in West London.
RREEF buys Leeds office out of administration

24 August 2011

German fund manager RREEF has bought a major Leeds office block out of administration for £24.25m.
Potential takeover of MWB Business Exchange hangs in balance

23 August 2011

MWB Group’s potential £52m takeover of MWB Business Exchange, the serviced office group, is in doubt after an agreement with the largest independent shareholders expired.
Morgan Stanley's €36m German sale

19 August 2011

Morgan Stanley Real Estate has sold three office properties in Munich for €36m.
Astellas Pharma completes largest south east occupier deal this year

19 August 2011

Pharmaceuticals company Astellas Pharma has completed a deal to move its headquarters to Chertsey in the largest occupational deal in the south east this year.
Offices go steady as capital growth reaches new low

19 August 2011

Capital values grew by just 0.1% in July, the lowest rate since the recovery began, the latest IPD UK Monthly Index shows
Cushman & Wakefield: Moscow Office Market Snapshot - July 2011

18 August 2011

In July 2011, several buildings were delivered with a total area of about 20,000 sq m. Since the beginning of the year 340 000 sq m were delivered, and about 500,000 sq m more is expected by the end of the year.
Stewart Milne gets Aberdeen green light

18 August 2011

Stewart Milne Developments has been granted planning consent for a £40m office in Aberdeen.
East Kilbride deal unlocks Cowes development

17 August 2011

Clowes Developments has completed the sale-and-leaseback of an 800,000 sq ft semiconductor plant in East Kilbride in Scotland, unlocking a 700,000 sq ft redevelopment opportunity.
Kirsh sells Minerva shares to Area and Delancey

17 August 2011

Minerva’s largest independent shareholder, South African billionaire Natie Kirsh, has finally accepted the takeover offer from Area Property Partners and Delancey.
DTZ Investment Management buys £30.9m City office

17 August 2011

Pension fund clients of DTZ Investment Management have exchanged contracts to buy 60 Cannon Street in the City of London for £30.9m.
CLS Holdings enjoys 10% NAV rise

17 August 2011

CLS Holdings achieved a strong 10% increase in net asset value in the first half of the year.
Birmingham's £35m Digital Plaza stepped up after EZ confirmation

16 August 2011

Timescales are being accelerated at Birmingham Science Park Aston (BSPA) for the development of its £35m Digital Plaza, following Government approval of the city’s Enterprise Zone, TheBusinessDesk.com reported today.
Oxford University college sells local office

11 August 2011

Oxford University’s Oriel College has sold a local office building for £6.6m.
WELPUT pulls West End's Southside sale

11 August 2011

Southside at 101 Victoria Street in London’s West End has been pulled from the investment market.
Grade B take-up outstrips grade A in Birmingham

10 August 2011

The take-up of grade B office space in Birmingham city centre outstripped grade A during the first half 2011, according to new research, TheBusinessDesk.com reported today.
Royal London to close Royal Liver HQ

8 August 2011

Royal London has announced that it is to close the iconic Liverpool headquarters of its recently-acquired Royal Liver business, TheBusinessDesk.com reported today.
Aviva tees up giant West End scheme

8 August 2011

Aviva is close to piecing together a development site in London’s West End that could bring to the market about 600,000 sq ft of mixed-use space.
United House buys £9m Shoreditch site

8 August 2011

London developer United House has bought a former pub in London’s Shoreditch as a development site for an office and residential scheme.
New tower prelet completes Canary Wharf vision

8 August 2011

Canary Wharf Group has agreed a prelet of 250,000 sq ft in a new office building of over 500,000 sq ft to be constructed at 25 Churchill Place in London’s Docklands.
Plans submitted for redevelopment of Birmingham's 55 Colmore Row

4 August 2011

AEGON Asset Management and Abstract Land have submitted plans for the 153,000 sq ft redevelopment of 55 Colmore Row in Birmingham.
LaSalle Investment Management sells Warwick business park

3 August 2011

The Titan Business Centre near Warwick has been sold for £9.8m by LaSalle Investment Management, TheBusinessDesk.com reported today.
Scottish Widows set to buy Manchester's 101 Barbirolli

2 August 2011

Scottish Widows is set to buy the 101 Barbirolli office building at Barbirolli Square in Manchester for £30m, TheBusinessDesk.com reported today.
Henderson wins consent for Soho scheme

2 August 2011

Henderson Global Investors has been granted planning permission for a mixed use scheme in Soho.
Prupim to redevelop Brazennose House

1 August 2011

A planning application has just been submitted to redevelop Brazennose House in Manchester, TheBusinessDesk.com reported today.
Regent Street blocks bought by Crown and Norges

1 August 2011

The Crown Estate and Norges Bank Investment Management have made their first joint purchase of Regent Street assets, following the sale of 25% of the Crown’s Regent Street holdings to the Norwegian fund in January.
Green light for O2 "Skywalk"

29 July 2011

Venues operator AEG has secured planning permission for a walkway traversing the roof of The O2 in Greenwich, east London.
Tishman Speyer confirms Sanctuary buy

29 July 2011

Tishman Speyer has today confirmed its purchase of Sanctuary Buildings in London’s Victoria, which was first revealed by Property Week in June.
Free school collides with property vehicle

29 July 2011

Government’s property unit and free school scheme vie for same property
Legal & General sets to work on Agar Street

29 July 2011

Legal & General Property has started construction of its 6 Agar Street office development in Covent Garden, London.
MGPA on spec in the City

29 July 2011

Fund manager pays £35m to transform 72 Fore Street in Moorgate into office scheme
Montagu Evans’ lupine lease

29 July 2011

Montagu Evans has a new West End headquarters after taking all of the office space at Red Wolf House on 5 Bolton Street in Mayfair.
Orient Express steams into London Bridge

29 July 2011

Orient Express is close to taking 23,000 sq ft of headquarters space on London’s south bank.
PWC to remain at Embankment Place

29 July 2011

Accountancy firm PWC is understood to have agreed to remain in its office at Embankment Place in the West End, cancelling a potential move to the City or the new London Bridge Quarter on the south bank.
Requirements oil wheels of Aberdeen office market

29 July 2011

Nearly 300,000 sq ft of North Sea oil-related requirements for Aberdeen office space could result in three significant prelets in the city.
Tiger Aspect covers its tracks

29 July 2011

TV production company Tiger Aspect is close to subletting 18,000 sq ft at 5 Soho Square in London’s West End to audio technology company Dolby at around £30/sq ft.
SEPA confirms Maxim move

28 July 2011

The Scottish Environment Protection Agency has confirmed its 60,000 sq ft move to the Maxim Office Park, as revealed by Property Week.
Workspace chairman steps down

28 July 2011

Workspace chairman Tony Hales has today retired after nine years on the board.
Mayfield owner considers other uses for "Whitehall of the North" site

28 July 2011

The owner of the former Mayfield station site earmarked for a “Whitehall of the North” site potentially employing 5,000 civil servants has begun exploring other potential uses, TheBusinessDesk.com reported today.
West End still London’s office hotspot

27 July 2011

Central London take-up fell to 2.2m sq ft in the second quarter, but the West End remains strong with the vacancy rate falling to 3.8%, according to CB Richard Ellis’s Central London Offices survey.
ITV on track with MediaCity move

27 July 2011

ITV chief executive Adam Crozier said the broadcaster was making “solid progress” in the first year of a five-year transformation plan, including its move to MediaCity, TheBusinessDesk.com reported today.
Greater Manchester bids to house £3bn Green Investment Bank

26 July 2011

Greater Manchester’s public sector leaders are to submit a bid to house the Government’s proposed £3bn Green Investment Bank in the city, TheBusinessDesk.com reported today.
Search begins for tenants for Sellar’s “The Place”

25 July 2011

The Place, the 430,000 sq ft office scheme that forms part of the Sellar Property’s London Bridge Quarter, began its formal search for tenants today with an official launch.
Segro lets 62,400 sq ft at Winnersh

25 July 2011

Segro has let 62,400 sq ft in three deals at its IQ Winnersh business park in Berkshire.
Allied united in Manchester

22 July 2011

Union to fund 350,000 sq ft speculative office at Spinningfields
Canary spreads wings over London

22 July 2011

Canary Wharf this week entered exclusive talks to buy a development site in the City of London and tightened its grip on the prized Shell Centre site on the South Bank.
Firepool’s phase one heats up

22 July 2011

Work on the first phase of St Modwen and Taunton Deane Borough Council’s Firepool scheme is to begin on Monday.
Former JJB units give charities a sporting chance

22 July 2011

3Space, the agency that brings together charities and retailers with empty shops, celebrates its first anniversary with its largest-ever donation of empty property.
Knight Frank bows out of Liverpool

22 July 2011

Knight Frank is to close its Liverpool office, and has placed all staff in Manchester and Liverpool on redundancy consultation.
Malaysians to buy £150m St James’s prize

22 July 2011

Fund places under offer office where top floor fetched world’s highest rent
Midtown office

22 July 2011

Great Portland Estates and Capital & Counties have sold a block in London’s Midtown to Threadneedle at a yield of 6.1%.
Pramerica and Hoche's Paris match

22 July 2011

Pramerica Real Estate Investors and French developer Groupe Hoche have formed a joint venture to invest in residential and office developments in Paris.
Reading sale to Schroders signals south-east upswing

22 July 2011

Institutions in ’frenzy’ over £42.5m Forbury Square block, forcing yield down to 6.5%
Redevco redesigns Moorgate

22 July 2011

Dutch property company Redevco this week received a recommendation for the approval of its 124,000 sq ft development at 120 Moorgate in the City of London.
Scottish Widows in central London property swap

22 July 2011

Scottish Widows Investment Partnership (SWIP) has this week completed £32m of central London transactions.
The view from Heron Tower

22 July 2011

Christine Eade meets the US law firm McDermott Will & Emery in London’s newest tall building
Grosvenor and CPPIB launch £200m West End office JV

21 July 2011

Grosvenor Fund Management and the Canada Pension Plan Investment Board have formed a joint venture to invest up to £200m in London’s West End office market over the next two years.
AXA Real Estate gets green light for £50m Manchester scheme

21 July 2011

AXA Real Estate has been given planning consent for a £50m office development in Manchester’s St Peter’s Square.
Standard Life Investments buys Southampton office

21 July 2011

Standard Life Investments Property Income Trust has completed the purchase of a multi-let office in Southampton for £6.1m.
Germans to fund £165m Manchester scheme

21 July 2011

Allied London is close to obtaining £165m of funding for a 350,000 sq ft office block at Spinningfields in Manchester, in what would be a stunning speculative deal for the north-west.
Leeds City Council to vote on KPMG regional HQ

20 July 2011

Accountancy firm KPMG could move into a new regional headquarters on a key development site in Leeds city centre by 2015 if councillors agree heads of terms with the company at a key meeting, TheBusinessDesk.com reported today.
DevSecs buys Essex sites out of receivership

20 July 2011

Development Securities has bought two properties in Ilford and Abbey Wood from LPA Receivership, both of which it plans to redevelop into mixed use schemes.
Avid about Manchester offices

19 July 2011

North-west project management company Avid Property Consultants has expanded into office agency by hiring a former P3 associate.
Canary Wharf closes in on City development buy

19 July 2011

Canary Wharf is close to agreeing a deal that would see it undertake its first solo development in the City of London, propertyweek.com can reveal.
DevSecs abandons Shell Centre bid

19 July 2011

Development Securities, in a joint venture with US private equity firm Carlyle, is believed to have pulled out of the bidding process to redevelop the massive HQ building of Royal Dutch Shell on London’s South Bank.
Metro scores largest Salford Quays letting of 2011

18 July 2011

Engineering firm Sinclair Knight Merz is taking 18,000 sq ft on the top floor of BAM Properties’ Metro office development in Salford Quays, in the area’s largest letting of the year.
Dentists to fill 18,000 sq ft Bolton HQ

18 July 2011

Dental service provider Integrated Dental Holdings has taken an 18,000 sq ft head office building in Bolton, Greater Manchester.
LaSalle buys Farringdon block

18 July 2011

Standard Life has sold The Corner at 91-93 Farringdon Road in east London to LaSalle Investment Management for £9.75m.
Knight Frank shuts Liverpool office and ponders redundancies

18 July 2011

Knight Frank is to close its offices at Liverpool, and has placed all staff members in Manchester and Liverpool on redundancy consultation, to be carried out over the next two weeks.
Aegis's 600-person Manchester call centre "just the start"

15 July 2011

Indian business outsourcing giant Aegis says its new Manchester call centre could employ “several thousand people” in the coming years, TheBusinessDesk.com reported today.
Colliers wins £35m Stratford-upon-Avon mandate

15 July 2011

The Birmingham office of consultancy Colliers International has won the brief to manage Stratford-upon-Avon Town Trust’s £35m property portfolio, TheBusinessDesk.com revealed today.
Allsop in Colliers West End poach

15 July 2011

Allsop is to re-enter the West End leasing and investment market, after poaching two directors from Colliers International.
Croydon set to approve Ruskin Square and Menta

15 July 2011

Nearly 2m sq ft of proposed development near East Croydon Station is expected to be given the green light next Thursday, after being recommended for approval by planning officers.
MPs and PWC to probe £250bn council-owned property use

15 July 2011

The government has today launched an inquiry into how local authorities can better use their £250bn property assets to boost development and economic growth.
Green light for Hastings office scheme

15 July 2011

East Sussex economic development company Sea Space has received planning permission for a 64,000 sq ft office and retail scheme in Hastings.
DTZ Research: Brussels Offices - Q2 2011

14 July 2011

The occupational market does not live up to our expectations with a catastrophic second quarter in terms of activity, recording the second worse result of the decade (56,000 sq m).
Savills Research: Sustainable Office Properties in Germany Briefing Note

14 July 2011

The term “sustainability” in the sense of the consideration of environmental, social and economic aspects first appeared in 2005 in the German real estate industry.
Cluttons: West End Office Update - June 2011

14 July 2011

The West End office market has maintained its momentum over the least quarter, but activity is being stifled by the lack of available stock in both investment and occupier markets.
Hermes makes US property market debut

14 July 2011

Hermes has entered the US property market for the first time.
Lord Sugar to sell St James’s block

13 July 2011

Amsprop, the company founded by the Apprentice star, is to sell an office building in St James’s, London.
MWB improves possible offer for Business Exchange

13 July 2011

MWB Group has lined up a takeover of its majority-owned company, MWB Business Exchange, if it can refinance its debt facilities.
Highcross buys former HBOS assets

12 July 2011

UK opportunity fund Highcross has bought seven office and industrial properties in Aberdeen, Dunfermline and Glasgow, in a £20.3m deal.
Green light for Westminster’s North Wharf plans

11 July 2011

Plans for a 710,000 sq ft mixed-use scheme in the Paddington Basin were given have been given the green light by Westminster council, which is intending to sell the site for redevelopment.
Galliard buys 7-9 Portland Place for resi

11 July 2011

Galliard Homes has paid £11m for 7-9 Portland Place, an office building in London’s West End which it plans to convert into luxury homes.
Odeon Leicester Square site to be put up for sale

8 July 2011

The Odeon Cinema development site in London’s Leicester Square will be formally brought to the market following an agreement between the National Asset Management Agency and Real Estate Resolutions, which owns part of the site.
Hammerson's £100m City of London buy

8 July 2011

Hammerson has acquired 99 Bishopsgate in London from Prupim £100m.
Workspace to raise £63m to buy "attractive opportunities"

7 July 2011

Workspace Group is to raise £63m in order to buy property and invest within its existing portfolio.
Friends Life to consolidate Manchester offices

6 July 2011

Pensions giant Friends Life has announced that it is to consolidate its two Greater Manchester bases onto a single site by mid-2012, TheBusinessDesk.com reported today.
UBS restructures south east recovery fund

6 July 2011

UBS Global Asset Management has restructured its south east recovery fund to focus on the central London office market.
Wellcome publishes Olympic Park takeover plans

5 July 2011

Charitable foundation The Wellcome Trust has made public its plans for a £1bn takeover of London’s Olympic Park.
Norwegian sovereign wealth fund completes second deal

5 July 2011

The Norwegian sovereign wealth fund has completed its second deal in a £15bn investment drive, with the purchase of 50% of a €1.4bn Parisian portfolio from Axa.
Harrison Leggett is formed

5 July 2011

Two West End office agency stalwarts have created a new “niche” agency serving the central London market.
Welput buys St Martins Place block

4 July 2011

EstCapital has sold 7-8 St Martins Place to the West End of London Property Unit Trust (WELPUT), a closed-end fund managed by Schroders, for £41m.
RBS demands sale of former Guiness factory

1 July 2011

A vacant building at west London’s First Central has been put up for sale by Royal Bank of Scotland.
Perella’s Adelphi debut

1 July 2011

Financial services firm Perella Weinberg is in advanced talks to buy the Adelphi building in London’s West End for more than £285m, in one of the biggest Central London investment deals since the downturn.
MEPC to complete CMBS refinancing a year ahead of maturity

1 July 2011

MEPC, the business estate owner, will complete a refinancing of its commercial mortgage-backed securities on 20 July.
Developers hope for Olympic gold

1 July 2011

The 2012 Olympics is acting as a spotlight for nearly all London’s speculative office development and developers were determined to impress the conference audience with the possibilities
Occupiers open up over open-plan offices

1 July 2011

Against the backdrop of low demand, Property Week’s London Offices event reveals innovation to face changing occupier requirements.
Overseas buyers keep London afloat

1 July 2011

The current crop of London office investors come from overseas and are not troubled by London banks reluctant to lend money
WPP puts its public face forward

1 July 2011

As if to taunt the property directors who advocated less space or no space at all, Max Holliday, WPP’s director of real estate, presented a variety of enticing offices inhabited by WPP’s media, advertising and PR companies, including Maxus, VML and Cohn & Wolfe.
Oxford Properties buys £142m Midtown stake

30 June 2011

Oxford Properties has completed the £142m purchase of a 50% stake in MidCity Place.
SWIP buys BBC building from West Ham owner Sullivan

30 June 2011

Pornography publisher and West Ham United joint owner David Sullivan has sold a BBC let office property on Marylebone High Street.
Tishman help hired for Goldman 1m sq ft development

29 June 2011

Goldman Sachs is believed to have appointed Tishman Speyer to help develop a 1 million sq ft “groundscraper” next to its London headquarters.
Area and Delancey announce £202.6m recommended offer for Minerva

29 June 2011

Area Property Partners and Delancey this morning revealed a £202.6m recommended cash offer for London developer Minerva.
Blackburn’s Tithebarn appeal quashed

29 June 2011

Manchester’s high court has upheld the decision of communities secretary Eric Pickles to allow Lend Lease’s £700m Tithebarn development to go ahead, quashing opposition from neighbouring councils that argued it would be draw business from local town centres.
British Land buys Hutchison Whampoa HQ

29 June 2011

British Land has bought a 198,000 sq ft office and leisure complex in Maidenhead town centre for £74m.
€865m Dutch office company to be sold – consensually or otherwise

27 June 2011

Talks regarding the refinancing of Dutch office company Uni-Invest have broken down, and its assets are now likely to be sold off either consensually or through a loan enforcement.
Germany’s Prime Office puts IPO plans on hold

23 June 2011

German property company Prime Office has cancelled plans float that would have raised the company €210m.
BNP Paribas Real Estate: Bristol Office Market Review - Q1 2011

21 June 2011

While there is unlikely to be any new demand coming through from the public sector, we do envisage that there will still be new requirements from the banking, financial and professional service sectors.
Second Oxford St letting for Salmon

21 June 2011

NFU Mutual and Salmon Property have secured a second office tenant for their £35m 175 Oxford Street office and retail development in London, following a recent letting to Korean oil company SK.
Hermes buys 40-50 Eastbourne Terrace

20 June 2011

Hermes Real Estate Investment Managers, on behalf of the British Telecom Pension Scheme, has exchanged contracts to buy 40-50 Eastbourne Terrace from Westlink Global Investments for £76m.
New tenant at Topland's Headingley office park

20 June 2011

Vehicle tracking provider Ctrack has moved to new headquarters in Leeds as a part of an ongoing growth strategy, TheBusinessDesk.com reported today.
Jaro buys in New Oxford Street

17 June 2011

Jaro Real Estate, the investment vehicle of ex-King Sturge partner David Hallett, has struck its first deal by buying Isis House at 64-76 New Oxford Street in London for £9.5m.
CMS Cameron McKenna to prelet Hammerson City scheme

15 June 2011

Law firm CMS Cameron McKenna has signed heads of terms to take a prelet at Hammerson’s Principal Place scheme in the City.
Law firm Linder Myers buys Manchester HQ

15 June 2011

Linder Myers, a Manchester-based firm of solicitors, has bought 55 Spring Gardens in Manchester city centre from the British Telecom Pension Scheme for its own occupation, in a deal reflecting a yield of 9%.
MEPC to prepay £125m of debt

14 June 2011

MEPC said today it would prepay £125m of its £470m securitised loan in the third stage of a wider refinancing of its £1bn portfolio.
Korean pension fund appoints ING REIM to invest £170m in London

14 June 2011

ING Real Estate Investment Management has been selected by the Public Officials Benefit Association (POBA) of Korea to invest £170m in the central London office market.
SWIP swoops on Boots block

14 June 2011

Scottish Widows Investment Partnership has placed a prime block on Oxford Street under offer at a yield of around 5%.
Living aids specialist moves to Hull business park

14 June 2011

A company which makes equipment that helps people live more independently has agreed to move to a St Modwen owned business park in Hull, TheBusinessDesk.com reported today.
Canary Wharf muscles in on Citi tower sale

14 June 2011

Canary Wharf Group is in talks to buy more than £150m of debt secured against the Citi headquarters in an effort to outmanoeuvre rivals in the £1bn sale of the building.
TV Centre sale to “maximise” BBC income

13 June 2011

The BBC has today announced the first phase in the sale of Television Centre in London’s White City, stating its intention to use the sale to get the highest possible income for the BBC and licence fee payers.
Max says secondary buying opportunities persist

13 June 2011

Max Property Group, the company run by Nick Leslau and Mike Brown, said today that buying opportunities would continue to arise in the secondary market, in spite of the “snail’s pace” at which banks are deleveraging.
Serviced Office Group to take over BT's Hemel office

9 June 2011

Serviced Office Group, the AIM-listed flexible office provider, has signed a five-year management agreement with BT to take-over and manage its 175,000 sq ft office property in London Road, Hemel Hempstead.
15,000 sq ft of lettings for CLS

9 June 2011

CLS Holdings has announced more than 15,000 sq ft of leasing deals at its Cambridge House scheme, a 70,000 sq ft office building in Hammersmith.
Waters Corp wins green light for £60m Cheshire base

9 June 2011

US scientific equipment firm Waters Corp has secured planning permission to build its new £60m HQ for mass spectometry devices on Altrincham Road in Wilmslow, TheBusinessDesk.com reported today.
MEC City Tower deal confirmed

8 June 2011

Mitsubishi Estates has bought City Tower on London’s Bishopsgate for £95m.
Colliers hires central London investment director

6 June 2011

Colliers International has appointed a new director of central London investment.
Projex Solutions finds new home at Brewery Wharf

6 June 2011

Project managers and building surveyors Projex Solutions has relocated to mixed-use scheme Brewery Wharf in Leeds.
Workspace CEO Harry Platt to retire

6 June 2011

Harry Platt is to step down as chief executive of Workspace Group next year.
King Sturge: Thames Valley Offices - Q1 2011

2 June 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.
Rockspring green light for Weybridge development

2 June 2011

Rockspring Property Investment Managers has received planning consent for a 103,600 sq ft office development in Surrey.
Ember ignites Eastside with move to Rhubarb

2 June 2011

Birmingham-based television production company has become the latest tenant of Eastside office development Rhubarb, TheBusinessDesk.com reported today.
Peel readies 2.5m sq ft Trade Centre plans

1 June 2011

Peel is preparing to lodge plans for its International Trade Centre in the Wirral.
Moorfield plans refurb of West Riding House

1 June 2011

Moorfield Group has unveiled plans for a major refurbishment of West Riding House in Leeds just weeks after buying the landmark building in one of region’s biggest property deals this year, the BusinessDesk reported today.
Ronson Capital Partners buys International House for £63m

31 May 2011

Ronson Capital Partners has completed its maiden investment, the £63m acquisition of International House on Chiltern Street in London, as revealed by Property Week (18.03.11).
Factfile: JLL and King Sturge combined

27 May 2011

Following news of the merger between Jones Lang LaSalle and King Sturge, revealed by Property Week this morning, here is a summary of the important details and a map detailing the new overlaps and synergies in offices around the globe…
MWB Business Exchange rejects £60m indicative offer from Regus

27 May 2011

MWB said today its majority-owned company, MWB Business Exchange, recommended its buyout offer, despite receiving a far higher indicative cash offer by serviced office rival Regus.
Building services firm moves to Derwent London's Angel

26 May 2011

Building services provider NG Bailey is to relocate its consolidate its London operations in to Derwent London’s Angel building.
Conde Nast agrees 1m sq ft lease of One World Trade Center

26 May 2011

Publishing giant Conde Nast has taken a one million sq ft lease at One World Trade Center, the office skyscraper being developed on the site of the 9/11 terrorist attack.
No 1 Leeds scores first tenant

25 May 2011

No 1 Leeds, formerly known as Latitude Red, in Leeds city centre, has secured its first tenant.
City awaits Broadgate listing decision

25 May 2011

British Land, Blackstone and the City of London are waiting for a decision on whether or not the Broadgate development will be recommended for listed status, in a crucial decision for the future of the scheme.
Quintain reports NAV drop but claims “real progress” achieved during year

25 May 2011

Quintain suffered a 6% decline in its net asset value in the year to 31 March.
NAV drop for Terrace Hill

25 May 2011

Aim-listed property company Terrace Hill today posted a net asset value drop of 11% in the six months to 31 March 2011.
Brian Bickell to take over as Shaftesbury’s chief executive

25 May 2011

Shaftesbury has promoted its finance director Brian Bickell to chief executive.
BNP PRE search for Aldgate Tower pre-let

25 May 2011

Stanhope and Aldgate Holdings have instructed BNP Paribas Real Estate to work alongside Savills as joint agent on the Aldgate Tower in east London.
Invesco completes £142m City deal

24 May 2011

Invesco Real Estate has completed the first deal for its new global property fund with the purchase of One Finsbury Circus for £142m.
Fresh plans unveiled for Chiswick’s ‘Octopus’

23 May 2011

London & Bath Estates and Galliard have submitted revised plans for the ‘Octopus’ office development at Chiswick Roundabout in west London, after they were denied the go-ahead by Hounslow Borough Council last year.
Morston go-ahead for £500m Whitecross regeneration

20 May 2011

Developer Morston Assets has been granted planning permission for its £500m Whitecross regeneration near Falkirk in Scotland.
GVA HQ sold to Hong Kong buyer

20 May 2011

Joint Treasure, a Hong Kong-based private equity firm, has bought GVA’s headquarters at 10 Stratton Street for £60m.
NB’s Hatt quits Capita Symonds

20 May 2011

NB Real Estate’s former chairman Mike Hatt is leaving the company, following the sale of the business to property services firm Capita Symonds last year.
JLL and BNP PRE win Stratford City job

20 May 2011

Lend Lease and London & Continental Railways have appointed Jones Lang LaSalle and BNP Paribas Real Estate as joint leasing agents for the office element of The International Quarter at Stratford City in London.
Skype's co-founder signs lease at Hines's 1 Grafton Street

20 May 2011

A week after Microsoft paid Ebay £5.2bn for internet phone giant Skype, Danish entrepreneur Janus Friis Degnbol is believed to have agreed a £107.50/sq ft lease on the top floor of the property that overlooks Berkeley Square for his personal company Dering.
Trio bid £300m for Alban Gate

20 May 2011

Brunei Investment Authority, Hines and Samsung and Tishman vie for City office let to JP Morgan
Terrace Hill Bracknell joint venture placed in administration

19 May 2011

The Maxis office park in Bracknell, owned and developed by a joint venture between Terrace Hill and Deutsche Pfandbriefbank, has been placed into administration.
Google seals 160,000 sq ft deal at Central Saint Giles

18 May 2011

Google has taken 160,000 sq ft of office space at Legal & General Property and Mitsubishi Estate Company’s Central Saint Giles Development in London’s West End.
Crown buys £20m Trafalgar House headlease

18 May 2011

The Crown Estate has acquired the headlease of Trafalgar House at 11-12 Waterloo Place in London’s St James’s for £20 million.
Thames Valley office space falls below 7m sq ft

17 May 2011

The supply of office space in the Thames Valley has fallen below 7m sq ft for the first time in two years, according to the King Sturge Q1 Thames Valley offices report.
Knight Frank: M25 Offices - Q1 2011

16 May 2011

The M4 and wider Thames Valley is leading the recovery in the South East market. In the M4, Q1 2011 take-up marginally exceeded the ten year quarterly average while, in the M25, it was 30% below average.
British Land and Oxford Properties secure first Cheesegrater letting

16 May 2011

Insurance business Aon Group has become the first tenant to take space at British Land and Oxford Properties’ The Leadenhall building in a relocation of its UK head office.
Drivers Jonas DeloitteCrane Survey: London Offices - Summer 2011

12 May 2011

The waiting is over… but how many more cranes will appear? As expected, the number of cranes on the London skyline has increased dramatically this survey with 25 new schemes under construction across the capital, up from just four new starts six months ago.
BCO: UK will fails to meet energy targets unless occupiers forced to be greener

12 May 2011

The UK will fail to meet its long-term energy reduction targets unless occupiers are forced to become greener, a conference has heard.
BCO Conference: Howard highlights global risks

12 May 2011

Former Conservative leader Michael Howard this morning highlighted a shaky Eurozone as a key risk to the UK economy at the BCO conference in Geneva.
Network Rail seeks partner for Leeds Station redevelopment

11 May 2011

Network Rail today launched the search for a development partner to undertake a commercial development on land at Princes Square in Leeds, next to Leeds station.
Hedge fund signs £97.50/sq ft lease on Savile Row

11 May 2011

York Capital Management, an international hedge fund, has taken a 7,610 sq ft lease at D2 Private’s 23 Savile Row in London’s Mayfair.
Hermes lets 83,000 sq ft at Manchester business park

10 May 2011

Hermes Property Unit Trust has secured tenants for nine units at its Guinness Road Trading Estate in Trafford Park, Manchester, with a combined floor space of 83,000 sq ft.
Two floors let in the City’s Senator House

10 May 2011

Two floors have been let at Senator House, 85 Queen Victoria Street in London.
New occupiers at Brentford’s Great West House

10 May 2011

CLS Holdings has completed several deals at Great West House, its 155,000 sq ft office building on the A4 in Brentford.
Thames Valley tech to drive south-east office growth

10 May 2011

The recovery in the south-east office market is being led by the M4 corridor areas of Hammersmith, Maidenhead and Reading.
Great Portland Estates prelets West End scheme

9 May 2011

Great Portland Estates has prelet the entire office element of its 160 Great Portland Street project in London’s West End.
Legal and General property acquires Leeds office block

6 May 2011

Legal & General Property has acquired One Whitehall Quay in Leeds from Britannia Invest A/S for its UK Property Unit Trust Fund.
Victoria block on sale at £150m

06 May 2011

An office and retail block in London’s Victoria is about to come to the market at a price of more than £150m
Benson Elliott acquires Barcelona office in bank deal

5 May 2011

Benson Elliot has forward bought an office in Barcelona with an end value of €80m.
London office development doubles in six months

4 May 2011

London has experienced its first rise in office construction for three years, according to the Drivers Jonas Deloitte Crane Survey.
Canadians lead race for £415m Green Park

4 May 2011

Canadian giant Oxford Properties is the front runner to buy Prupim’s 180 acre Green Park.
TIAA-CREF plans ‘hybrid’ redevelopment for Angel Court

3 May 2011

Giant US pension fund TIAA-CREF today unveiled its plans for the redevelopment of One Angel Court in the City.
Lloyds puts £60m of assets on the market

3 May 2011

Lloyds Banking Group has put a portfolio of 38 distressed properties on the market through Jones Lang LaSalle.
Liverpool Commercial Office Market Review 2010

1 May 2011

Combining the Central Business District (CBD) and the out-of-town markets reveals total Liverpool office market take-up in 2010 of 393,441 sq ft.
MWB to buy out minority shares in MWB Business Exchange

28 April 2011

MWB has agreed to buy out the minority shareholders of serviced office company MWB Business Exchange.
Last three Kenmore assets for sale

28 April 2011

Administrators to the Kenmore Property Group have put up for sale the three remaining assets formerly owned by the company, which collapsed in November 2009.
US enjoys six year high in first quarter office leasing, Cushman & Wakefield says

27 April 2011

First quarter office leasing in the United States hit a six year high in this year, research from Cushman & Wakefield has shown.
London & Stamford buys £75m City office

27 April 2011

London & Stamford has bought a City of London office for £75m.
Citypoint tower £88m underwater

26 April 2011

Beacon Capital Partners’ Citypoint tower in the City of London is valued at £88m less than the debt secured against it, according to a recent revaluation.
RREEF buys Silicon Valley office

26 April 2011

RREEF has bought an office in California’s Silicon Valley for $65m.
Redevco submits City of London office planning application

26 April 2011

Redevco has submitted a planning application to redevelop an office building at Moorgate in the City of London.
Meadow Partners recapitalises Kensington Arcade

26 April 2011

Meadow Partners’ Real Estate Fund has taken control of Kensington Arcade in west London from Englander Group.
Aviva Tower exchanges for £288.25m

21 April 2011

Contracts have been exchanged on the sale of the Aviva Tower for £288.25m – the last property to be sold from Simon Halabi’s Protractor portfolio which was taken into administration two years ago.
DevSecs and Cathedral acquire former EMI HQ

21 April 2011

Cathedral Group and Development Securities have bought the London Gate business park in Hayes, Middlesex from JER Partners, The Blackstone Group and Resolution.
Baldry appointed chairman of London & Continental Railways

19 April 2011

London & Continental Railways has appointed a new chairman to replace David Cooksey and promoted a senior member of staff to chief executive.
Controversial Broadgate development approved

19 April 2011

The redevelopment of a new 700,000 sq ft HQ for investment bank UBS at Broadgate, has been approved by the City’s planning committee.
Green light for Newcastle's Science Central development

15 April 2011

Newcastle City Council has granted outline planning permission to 1NG for its Science Central development in the city.
Banks will need ‘four more Shards’ by 2014

15 April 2011

Banks will require 1.6m sq ft of additional office space in central London over the next three years, according to research by BNP Paribas Real Estate
Savills: Manchester Office Market Survey - Spring 2011

14 April 2011

2010 recorded take-up of 1.3 million sq ft, a 39% increase on the long term average. However, 2011 take-up has proved sluggish, with forecastspredicting end of year figures reaching 850,000 sq ft.
Mitsubishi Estate to buy 150 Leadenhall Street

14 April 2011

Japanese property giant Mitsubishi Estate is under offer to buy the London headquarters of fellow Japanese company Tokio Marine for £35m.
DevSecs eyes £52m Notting Hill buy

14 April 2011

Development Securities is close to buying a retail and office block in for £52m Notting Hill in west London.
Ignis to consolidate in new City of London headquarters

14 April 2011

Ignis Asset Management is set to consolidate its London offices into a new home headquarters in the City of London.
BNP PRE poaches BT big gun

13 April 2011

BNP Paribas Real Estate has appointed BT’s former head of global real estate to help expand its UK client solutions team.
One New Change 73% let after deal

12 April 2011

Land Securities have announced that SMBC Nikko Capital Markets Ltd, a subsidiary of Sumitomo Mitsui Banking Corporation, has signed a lease for 34,558 sq ft of office space at Cheapside’s retail and office complex One New Change.
Standard Life completes Aberdeen block

12 April 2011

Standard Life Investments has completed and fully let a 90,000 sq ft bespoke headquarters for Hydrasun Group in Aberdeen.
70 Gracechurch for sale at £200m

8 April 2011

The Irish owner of 70 Gracechurch Street in the City is in talks to sell the building, which houses Marks & Spencer and XL, for around £200m.
Pickles consults on office-to-resi planning changes

8 April 2011

Communities secretary Eric Pickles has today launched a consultation to scrap the requirement for planning consents to convert offices into residential property.
MEPC plans £74.5m CMBS payback

7 April 2011

MEPC is planning to pay back 15% of £470m of securitised debt this month in a move which will free its Hillington Park business park from commercial mortgage backed securitisation.
BSkyB plans 180,000 sq ft West London move

7 April 2011

BSkyB has a new requirement for up to 180,000 sq ft of space in west London, PropertyWeek.com can reveal.
Rio Tinto signs up at PaddingtonCentral

7 April 2011

International mining group Rio Tinto has taken a 26,000 sq ft lease at Two Kingdom Street in London’s Paddington.
Delancey agrees £460m City of London buy

7 April 2011

Jamie Ritblat’s Delancey has agreed to buy Plantation Place, the City of London scheme that was developed by his father, for around £460m, reflecting a 5.75% yield.
Manchester development doubles, says DJD Crane Survey

5 April 2011

The number of new development schemes in Manchester has more than doubled in the past year, according to Drivers Jonas Deloitte’s Manchester Crane Survey, which was published today.
Menta submits Cherry Orchard Road planning in Croydon

4 April 2011

Urban regeneration company Menta has submitted a planning application to the London Borough of Croydon for 750,000 sq ft of development on its East Croydon station site.
Asda to take 38,000 sq ft at Leeds’ Mint

4 April 2011

Supermarket giant Asda is under offer to take 38,000 sq ft of overflow space at the Mint in Leeds in what would be the biggest leasing deal in the city this year.
DTZ Investment Management buys Southwark office

31 March 2011

DTZ Investment Management has bought Bankside Central in Southwark for £18.75m.
Scottish Widows buys £36m Debenhams HQ

31 March 2011

Scottish Widows Investment Partnership, on behalf of Scottish Widows Unit Funds, has bought 1-2 Welbeck Street in London’s West End for £36m in an off-market deal.
Bruntwood’s City House plans unveiled

30 March 2011

Bruntwood has revealed its redevelopment plans for City House above the train station in Leeds city centre
Lend Lease appoints head of offices

29 March 2011

Lend Lease has appointed new UK head of offices, Kevin Chapman from German property company Garbe Group.
Ronson – sun will start to shine again in 2014/15

29 March 2011

Gerald Ronson today said that the property market would not fully recover until 2014 at the very earliest – and that investment outside of London would require “luck, bravery and Alka Seltzer”.
Barcap appoints advisor on defaulted Warner office loan

29 March 2011

Barclays Capital has appointed advisors to review the business plan of a loan to a Warner Estate joint venture that is in default.
Heron Tower completes

29 March 2011

Heron International has announced it has reached practical completion of the Heron Tower, the tallest building in the City of London.
Regus sues Lloyds over £1m Maxim fit-out

28 March 2011

Serviced office operator Regus is suing Lloyds Banking Group over claims the bank failed to pay for its fit-out at Maxim business park on the outskirts of Glasgow.
AXA REIM green light for Richmond office scheme

28 March 2011

AXA REIM on behalf of Friends Life Assurance Society Limited has secured planning permission for a 48,000 sq ft office refurbishment in Richmond-on-Thames town centre.
Regus takes space in Maidenhead

28 March 2011

Regus has taken 15,500 sq ft at Rockspring’s No 1 Bell Street development in Maidenhead.
Singapore office sold at record-breaking price

28 March 2011

A Singapore office has been bought for $715m (S$889m) – one of the largest deals globally this year and a record-breaker for the south-east Asian city-state.
Cannon Capital to auction Nationwide receivership properties

28 March 2011

Two of the lots in Cannon Capital’s auction this afternoon are receivership sales for Nationwide.
Mountgrange buys Cambridge business park

28 March 2011

Mountgrange Investment Management’s Real Estate Opportunity Fund has bought the IQ Cambridge Business Park from Segro for £10.15m.
Sale of GVA’s HQ falls through

28 March 2011

The Algerian Embassy has abandoned plans to buy and occupy GVA’s West End HQ at10 Stratton Street for £65m.
Canary Wharf Group’s portfolio surges 10% to £4.6bn

25 March 2011

Canary Wharf Group achieved a 12.4% increase in its net asset value in 2010 after a surge in the value of its estate and a doubling in profits.
Benson Elliot completes Paris portfolio refinancing

25 March 2011

Benson Elliot Capital Management and Générale Continentale Investissements have successfully completed the refinancing of its Opéra Portfolio in Paris.
Two new lettings for Terrace Hill at Quantum

25 March 2011

Terrace Hill has secured two new lettings at its Quantum office scheme in Maidenhead.
Cluttons: West End Office Update - March 2011

25 March 2011

The shortage of good quality office space in the West End is taking its toll on activity levels, with occupiers facing a rapidly depleting supply of options.
Planning consent sparks off St Modwen's Firepool scheme

24 March 2011

Regeneration developer St Modwen has been given planning consent for the first phase of its £270m Firepool scheme in Taunton.
Irish developer secures major pre-let at Trinity College Dublin scheme

24 March 2011

Irish developer PJ Walls has let 45,000 sq ft at its Trinity Central building in Dublin.
Shard owner buys Oxford Street's Park House

24 March 2011

Qatari owners of London’s Shard tower have bought Park House on the capital’s Oxford Street.
NBCUniversal completes Central St Giles deal

23 March 2011

NBCUniversal International last night completed its deal to take 112,000 sq ft of space at Legal & General Property and Mitsubishi Estate Company’s Central Saint Giles development in London’s West End.
Hussey secures debt and closes Centre Point deal

23 March 2011

Mike Hussey’s Almacantar has exchanged contracts to buy the Centre Point tower near Tottenham Court Road tube station for around £120m.
Brighthouse takes space at MEPC Watford scheme

23 March 2011

Rent-to-own retailer, BrightHouse has taken an additional 10,000 sq ft of offices at MEPC’s Leavesden Park in Watford. It already occupies 12,000 sq ft on the park and sits opposite Warner Brothers’ film studios.
Croydon regen chief quits

22 March 2011

Croydon Council’s executive director of planning, regeneration and conservation, Emma Peters, is leaving the council to move into the private sector.
DevSecs buys in Woking

22 March 2011

Development Securities today said it had acquired an office property, Elizabeth House and The Cornerstone, in Woking for £6.55 million, yielding 6.8 per cent.
Blackstone exchanges on £480m Chiswick Park deal

21 March 2011

US private equity firm Blackstone has now exchanged on its £480m purchase of Chiswick Park in west London, and will complete the deal imminently.
Wainbridge buys £39m office trio

21 March 2011

Property company Wainbridge has bought three office assets in Central London, Croydon and Bristol, for £39m.
JP Morgan Asset Management under offer at 10 Aldermanbury

18 March 2011

JP Morgan Asset Management is under offer to buy 10 Aldermanbury Square in the City of London for around £260m.
Cerberus completes Maxim deal

17 March 2011

The restructuring of a 1m sq ft Maxim business park on the outskirts of Glasgow has been completed.
Deka buys Warsaw tower for €103m

16 March 2011

Deka Immobilien has bought a recently-developed office tower building in Warsaw for €103m.
Orchard Street in £13.4m St Albans sale

16 March 2011

Orchard Street Investment Management has sold two office properties at Centrium Business Park in St Albans to ING REIM.
Olympic fund makes £5.5m sale

16 March 2011

O Twelve Estates, the listed fund set up to buy property in East London, has completed the sale of a 49,000 sq ft office building for £5.5m.
Learning Tree finalises its relocation

15 March 2011

Learning Tree International has relocated to new office and warehouse properties on Mole Business Park, Leatherhead
Derwent London buys two West End buildings for £76m

10 March 2011

Derwent London has bought two London West End properties for £76m.
Aerium buys in Bristol

9 March 2011

Aerium has completed the purchase of One Glass Wharf in Bristol for £83m, as tipped by Property Week (10.12.10).
Rockspring buys City office block for Korean pension fund

8 March 2011

Rockspring Property Investment Managers has bought an office building in the City of London for NPS European Property.
Centre for Cities tells Croydon to invest

7 March 2011

Croydon is no longer “London’s back office” and the borough will need to retain and grow its existing private sector employment base if it is to maintain its economic health through a period of national shrinkage in the public sector.
DTZ Occupier Perspective: Global Occupancy Costs - Offices 2011

4 March 2011

“On average, global occupancy costs per workstation showed no change in 2010. But, this masks significant regional differences, driven by the two-speed economic recovery. Whilst costs rebounded by 10-15% in Central and South America and Asia Pacific, occupiers in the vast majority of EMEA and North American markets realised savings of 5% during 2010.
CapCo in Covent Garden property swap

04 March 2011

Co Operative Insurance has sold 1-3 Henrietta Street / 22 Southampton Street in London’s West End to Capital & Counties, in a property swap that sees CapCo bolster its presence in Covent Garden.
Hines starts redevelopment on Midtown building

3 March 2011

Hines has announced it will start construction of 280 High Holborn in London’s Midtown this month. The 67,000 sq ft office building is being constructed on the former Chichester House site, which is located opposite MidCity Place on High Holborn.
Coull and Higgins hired for government property panel

3 March 2011

Property big-hitters including outgoing Segro chief Ian Coull, former Lend Lease chief David Higgins, and ex-Lehman Brothers managing director Gerald Parkes have been appointed to a new property advisory panel to scrutinise the work of the Government Property Unit.
Cubex buys Bristol’s West Gate

2 March 2011

Bristol-based developer Cubex is to buy a vacant 90,000 sq ft city centre office block from Aviva Investors.
Westfield unveils images of first Stratford offices

1 March 2011

Westfield has completed the first 130,000 sq ft office building in its 1.1 million sq ft office development at Westfield Stratford City.
TIAA-CREF buys half of Google’s London HQ

1 March 2011

The US teachers’ pension fund has been confirmed as the buyer of Henderson Global Investors’ 50% stake in Google’s London HQ, as revealed by Property Week (03.12.10).
DevSecs cautious as market still lacks “clarity”

1 March 2011

Development Securities today issued a cautious statement on the outlook for the property sector, alongside its results for 2010.
Prism shines on £300m Edinburgh scheme

25 February 2011

Canadian development company Prism is understood to be on the brink of agreeing to unlock Edinburgh’s biggest stalled development site, the 9-acre Caltongate scheme in the city centre.
Jones Lang LaSalle: Office Markets Across the UK - Q4 2010

24 February 2011

Signs of recovery in the UK office leasing market appeared during the second half of 2010 with take-up activity up 75% in comparison with the first six months of the year. Performance remains mixed, however, with several markets falling short of their five year annual averages.
Cushman & Wakefield: Office Space Across The World 2011

24 February 2011

Against a backdrop of improving economic performance across the world, the global offi ce market started to recover from one of the quickest and most severe downturns recorded.
King Sturge: UK Office Markets 2011

24 February 2011

Central London led the vigorous upturn in office demand during 2010, with the South East, Bristol and Glasgow also showing a strong recovery from 2009 lows.
Drivers Jonas Deloitte: UK Key Cities - Office Trends 2011

24 February 2011

London will continue to show healthy demand and positive rental growth during 2011, while the regions will begin to stabilise, albeit with limited scope for rental increases.
CB Richard Ellis Marketview: UK Regional Office Markets - H2 2010

24 February 2011

Overall take-up across our nine regional city centre office markets increased by 15% compared to 2009, with just over 4.7m sq ft let. Some cities fared better than others, with Manchester, Edinburgh and Birmingham all posting substantial increases during the year.
Property needs to pay attention to growth of Cloud Computing, says RICS

24 February 2011

Property professionals should be aware of the growth of cloud computing as the IT method of choice, the Royal Institution of Chartered Surveyors said today.
Workspace and BlackRock set up £100m industrial joint venture

24 February 2011

Workspace Group has entered into a joint venture with the £2bn BlackRock UK Property Fund to buy high-yield multi-let industrial and office buildings in London and the south east.
Lucidus signs at 55 New Bond Street

23 February 2011

Hedge Fund manager Lucidus Capital has leased the third floor of Fenwick’s 55 New Bond Street.
BNP Paribas Real Estate: Scottish Office Market - Winter 2011 Review

23 February 2011

Although still tough, 2010 was an improved year for the Scottish economy, as it continued its emergence from the deepest recession in decades.
Virgin Money opens Edinburgh HQ

23 February 2011

Virgin Money has taken the lease at 28 St Andrew Square, a 30,000 sq ft building in Edinburgh, to use as its new headquarters in what has been reported as the biggest city centre deal in Edinburgh since 2009.
St. Modwen gets go-ahead for Swansea science park

22 February 2011

St. Modwen Properties has been granted outline planning permission for the Bay Science and Innovation Campus for Swansea University, which is situated at a former BP storage site on the outskirts of Swansea.
Lothbury completes £50m of deals

22 February 2011

Lothbury Investment Management has confirmed that it has bought a £23.35m redevelopment opportunity in London’s West End, originally tipped by Property Week (14.01.11), as it announces completion of three deals worth £50m this year.
Standard Life sues Topland over 2003 Holborn deal

21 February 2011

Investment company Topland is being sued over the £58m purchase of a Holborn property in 2003, because the vendor Standard Life alleges that Topland failed to disclose details of negotiations with the tenant while the deal was being done.
Henderson in £70m King’s Cross P&O tie-up

21 February 2011

Henderson Global Investors has entered into a joint venture with Istithmar P&O Estates to develop the £70m final phase of its Regent Quarter scheme on York Way, next to King’s Cross station in London.
Great Portland Estates in Oxford Street property swap

21 February 2011

Great Portland Estates has completed a property swap on London’s Oxford Street to enable a retail and office development next to one of the new Crossrail stations.
Google agrees €99.9m Dublin office buy in NAMA first

17 February 2011

Google has agreed to buy Dublin’s tallest office building from Real Estate Opportunities for €99.9m.
UK property beats rest of Europe, says CBRE

16 February 2011

The UK property market grew in value by 8.9% in 2010, almost double that of its nearest European competitor, according to the latest research by CB Richard Ellis.
Helical life “far from dull”

16 February 2011

Life at listed development company Helical Bar is “far from dull”, chief executive Mike Slade said today, as it confirmed shopping centre acquisitions of £34m.
Snow business at the Olympic media centre

15 February 2011

Artificial snow centre company Acer Snowmec has made a bid to turn the £330m Olympic media centre into an indoor ski resort after the Games.
Aviva buys West End office

14 February 2011

Aviva Investors UK Real Estate Recovery Fund has purchased the freehold of 10 -11 Great Newport Street, in London’s West End for £10.25m.
Alternative plans sought for Aldgate Place

11 February 2011

Savills has been appointed by Tishman Speyer and HSH Nordbank to review alternatives for Aldgate Place, where an 850,000 sq ft office scheme was due to be developed.
£120m to be spent in City

11 February 2011

Hines to splash £95m and LaSalle £35m on offices
Regent Street Exemplar: Developer picked for £200m office-led scheme

11 February 2011

A £200m office-led scheme will be kickstarted by the Crown Estate and developer Exemplar Properties as a new wave of development starts in the supply-starved West End.
Cornerstone buys former Morris property out of LPA receivership

10 February 2011

Cornerstone Real Estate Investors has bought 2 Brewery Wharf in Leeds city centre for £5m.
Cherryman appointed to Greenwich Peninsula offices

10 February 2011

Niche Docklands consultancy Cherryman has been appointed to market a 116,500 sq ft office in the £5bn Greenwich Peninsula scheme.
Hammersmith & Fulham council confirms eight property sales

9 February 2011

Hammersmith & Fulham Borough Council has approved plans, first revealed by Property Week (07.01.11), to sell eight council buildings in a bid to reduce its historic £133m debt.
Sainsbury’s pulls out of King’s Cross move

9 February 2011

Developers behind the £2bn King’s Cross Central scheme today confirmed that they are re-marketing a 250,000 sq ft office site originally set aside for a new Sainsbury’s HQ, as first tipped by Property Week (5.11.10).
Man Utd in talks for Mayfair expansion space

8 February 2011

Manchester United FC is taking a lease at 5 Stratton Street in London’s Mayfair, London, as it expands its commercial operations beyond existing offices in St James’s.
Selbourne signs two Altrincham office occupiers

8 February 2011

Cheshire-based property company Selbourne Group has signed new office occupiers at two of its properties in Altrincham.
Southbank office transactions grow by 157% in the past year

7 February 2011

EA Shaw has seen a 157% growth in Southbank office transactions in the past 12 months, according to its latest quarterly market report.
Chris Stewart Group buys Edinburgh office

4 February 2011

Chris Stewart Group has bought Atholl House, Edinburgh, and is planning to redevelop it as residential and commercial accommodation.
Bruntwood office portfolio increases in value but profits decline

4 February 2011

In its annual results, the family owned commercial property company, revealed a 4% increase in the value of its office portfolio to £948m in 2010 compared to 2009.
Regional rents in recession, says DJD research

4 February 2011

Office rents dropped across every major regional city but Manchester in 2010, cementing the property gap between London and the rest of the country, research by Driver Jonas Deloitte has shown.
Workspace reports improved occupancy

2 February 2011

Workspace Group, the office provider, has today announced an increase in occupancy levels of 1.2% in the quarter to 84.4%.
Deloitte takes High Holburn business centre space

1 February 2011

Deloitte has agreed to take 9,000 sq ft of space at Orega’s High Holborn business centre in London, three months after the centre’s opening.
Plantation sale continues in spite of opposition

1 February 2011

The borrowers and debt servicer of £435m of debt secured against Plantation Place in the City of London will seek to push on with the sale of the building, in spite of opposition from Jamie Ritblat’s Delancey.
Knight Frank: City prime rents to hit £67.50/sq ft in 2012

1 February 2011

Prime City office rents will hit £60/sq ft by the end of 2011, and £67.50/ sq ft by the end of 2012, as economic growth bolsters occupier sentiment in the second half of the year, according to Knight Frank’s latest Central London office report.
WELPUT outperforms IPD by 10%

31 January 2011

The West End of London Property Unit Trust, which is managed by Schroders and advised by Grafton, has outperformed the IPD Specialist Funds Index by around 10%.
Deutsche Bank in talks over Baskerville House

28 January 2011

Deutsche Bank is in advanced negotiations with Deloitte, the administrators of Targetfollow’s subsidiaries, to take around 35,000 sq ft at Baskerville House in Birmingham.
Americans save Maxim: Cerberus buys Lloyds debt at 65% discount

28 January 2011

US group Cerberus to pay £30m for £95m Lloyds debt on huge £330m Glasgow business park; new asset manager brought in
Record rent at Aberdeen’s IQ building

27 January 2011

The 125,000 sq ft ‘IQ’ building in Aberdeen is on the brink of being fully let to two tenants, in a deal that would set a record rent for Scotland of £31 / sq ft.
Savills: The Central London Office Market and Beyond

27 January 2011

A presentation from Savills on the central London office market - reviewing 2010 and looking to what is ins tore for the market.
Green light for "The Greenhouse" at Peel's MediaCityUK

27 January 2011

Peel Media, the developer of MediaCityUK, has won planning consent to convert a 32,000 sq ft building into flexible office suites.
British Land and Oxford Properties restart £480m Cheesegrater

27 January 2011

British Land has restarted construction of the £480m Leadenhall Building, known as the “Cheesegrater”, following the securing of Oxford properties as a joint venture partner at the end of last year.
AXA frontrunner for 20 Gresham Street

25 January 2011

AXA Real Estate Investment Manager is close to exchanging contracts to buy 20 Gresham Street in the City of London for around £200m.
London investment up 50% in 2010

24 January 2011

Investment transactions in the West End rose 115% in 2010 compared with the previous year, according to new figures.
Bailey Hodge lets Atlantic House East to Capital Law

21 January 2011

Bailey Hodge Investments has let the 20,000 sq ft Atlantic House East in Cardiff to Capital Law LLP.
US insurer lands Grosvenor Place

21 January 2011

Beacon Capital’s property is debut deal for WR Berkley
Segro secures Farnborough expansion green light

20 January 2011

Segro has secured planning permission for the expansion of its IQ Farnborough development.
Henderson Global investors sells Parisian office

20 January 2011

Henderson Global Investors has sold a Parisian office building for €19.5m
First tenant secured at Highcross' Broadgate

20 January 2011

Highcross has secured its first tenant at its 150,000 sq ft Broad Gate office scheme in Leeds.
PWTV: Walkie Talkie construction begins

18 January 2011

Construction of 20 Fenchurch Street in the City of London, dubbed the ‘Walkie Talkie,’ began today at a ground-breaking ceremony.
Mannings leaves Colliers International

18 January 2011

Colliers International head of national offices Jonathan Mannings has left the company.
BBC to let vacant White City space as “creative campus”

17 January 2011

Developer TCN has partnered with the BBC to turn a 60,000 sq ft building in White City in west London into a workspace for creative industries.
Government Property Unit launches consultancy bids

14 January 2011

Twelve property consultancy firms have been invited to bid for millions of pounds worth of work helping set up government-owned property vehicles in London and Bristol.
Green light for 300,000 sq ft extra offices at Birmingham's Arena Central

13 January 2011

Miller Developments and Bridgehouse Capital have been given permission to increase the amount of offices at their £400m Arena Central development in Birmingham by 300,000 sq ft.
Agreement signed in £452m Regent Street deal

13 January 2011

Norges Bank, which manages the Norwegian Government Pension Fund Global, today signed an agreement to purchase a 25% stake of the Crown Estate’s Regent Street portfolio.
Madejski sells Station Hill to Benson Elliot and Stanhope

11 January 2011

The £400m Station Hill development in Reading has been bought by a joint venture between private equity firm Benson Elliot and Stanhope, whose involvement was tipped by Property Week.
Free white paper: Empty property - Protect and Survive

10 January 2011

Owners of more than three-quarters of UK properties are at risk if their building is extensively damaged, because they don’t have the right insurance. And even worse, they don’t know they’re at risk.
Aerium sells €210.5m Parisian portfolio

10 January 2011

European property fund manager Aerium has sold a portfolio of Parisian offices for €210.5m.
Mapeley chief executive to depart

7 January 2011

Mapeley chief executive Nick Friedlos is to leave the company in two weeks time.
Chiswick spark: Blackstone to buy £480m office park

7 January 2011

Blackstone beats London & Stamford to buy west London business park for £480m
Colliers International and GVA Grimley appointed to Brindleyplace

6 January 2011

Colliers International and GVA Grimley have been appointed joint office agents on Brindleyplace in Birmingham.
Winfield and Leach quit Cushman & Wakefield

5 January 2011

Two senior investment agents at Cushman & Wakefield, Peter Winfield and James Leach, have left the firm.
Reading's Adelphi House bought by F&C Reit

5 January 2011

F&C Reit has bought Adelphi House in Reading for its UK Property Fund. The 29,792 sq ft office building was bought for £7.29m at a net initial yield of 7.65%.
Canada Life buys in Sheffield for £24m

4 January 2011

Canada Life has bought 1 St Paul’s Place, an office and retail block in Sheffield, for £24m from Standard Life Investments.
Hansteen picks up Brum business park

4 January 2011

Saltley Business Park in Birmingham has been bought for £23.3m by Hansteen Property Unit Trust from LPA receivers acting for Lloyds.
Pamera to let Frankfurt office scheme

31 December 2010

Pamera Asset Management, a newly formed German real estate company, has been appointed by LaSalle Investment Management on the letting of one of the Frankfurt’s most prestigious office developments, the 49,500 sq ft Borsentor scheme.
Boston’s John Hancock Tower sold for $930m

30 December 2010

The 1.7m sq ft John Hancock Tower in Boston, USA, has been sold for $930m (£600m) to Boston Property, a real estate investment trust.
CBRE completes €80m sale and leaseback of Spanish TV headquarters

29 December 2010

CB Richard Ellis has completed the €80m (£68m) sale and leaseback of the headquarters of the largest provider of digital pay television in Spain, Distribuidora de Television Digital S.A.U. (DTS).
Dublin office market take-up estimated to reach 1.4m sq ft in 2010

29 December 2010

Total annual office take-up in Dublin reached 1.4m sq ft in 2010, research by CB Richard Ellis has revealed.
Malaysians exchange on £148m Fleet Street buy

23 December 2010

The Malaysian Employees Provident Fund this morning exchanged contracts to buy 65 Fleet Street from Union Invest for £148m.
KPMG mulls office scheme at recession-hit Leeds site

23 December 2010

Two years after the recession hampered plans for the “Kissing Towers” scheme at Criterion Place in Leeds city centre, KPMG is in talks to develop an office on the site.
Vaskronan buys £400m property in Stockholm

22 December 2010

Vasakronan has bought Blåmannen 20 in Stockholm, also known as “Klara Zenit”, for SEK 4.35bn (£414m) from HausInvest, in Sweden’s largest ever single-asset property deal.
British Land and Oxford Properties agree Cheesegrater JV

22 December 2010

British Land and Oxford Properties have agreed a 50/50 joint venture to develop the 610,000 sq ft Leadenhall Building, nicknamed “The Cheesegrater”, in the City of London.
CBRE poaches Colliers South East office head

21 December 2010

CB Richard Ellis has appointed Mark Emburey as director of office agency in its business space offices team.
PWTV: Inside JP Morgan's Bank Street deal

20 December 2010

JP Morgan’s purchase of 25 Bank Street in Canary Wharf, plus its continued commitment to develop a scheme at Riverside South in the financial district, and its purchase of 60 Victoria Embankment in the City, today gave a major boost to London as a global financial centre.
JP Morgan also buys 60 Victoria Embankment

20 December 2010

JP Morgan has bought 60 Victoria Embankment in the City, an office that was once valued at £350m.
JP Morgan buys 25 Bank Street for £495m

20 December 2010

JP Morgan has bought 25 Bank Street in Canary Wharf for its European investment bank headquarters, as tipped by Property Week.
Hussey fires £120m shot at Targetfollow’s Centre Point

20 December 2010

Former Land Securities executive Mike Hussey’s Almacantar is agreeing heads of terms with Deloitte to buy Centre Point in London’s West End for £120m.
Coronation Street comes to MediaCity as ITV agrees Salford scheme move

16 December 2010

ITV is moving its Manchester-based operation, including Coronation Street, to Peel Holdings’ MediaCityUK development in Salford.
Cannon Estates buys Gucci HQ

15 December 2010

Cannon Estates has exchanged contracts on the £18m purchase of 4 Grafton Street, the Grade 1 listed Gucci headquarters.
Hammerson completes £557m Bishops Square disposal

15 December 2010

Hammerson today announced the completion of the sale of its Bishops Square office building in the City, owned in a 25:75 joint venture with the state of Oman, to JP Morgan Asset Management for £557m.
Edinburgh take-up nearly doubles in Q3

9 December 2010

Edinburgh’s city centre office take-up almost doubled in the third quarter of 2010, research from DTZ has shown.
Praxis sells £26m portfolio

8 December 2010

Praxis Holdings has sold a portfolio of five UK offices to an overseas investor for around £26m.
Kadoories to pick up 25-27 St George’s Street

8 December 2010

A wealthy Hong Kong family is poised to buy 25-27 St George Street in the West End for around £70m from Aegon Asset Management, as tipped by Property Week last Friday.
Great Portland Estates confirms £42.5m West End purchase

7 December 2010

Great Portland Estates has confirmed its purchase of the long leasehold at 20 St James’s Street in London’s West End, as revealed by Property Week yesterday.
Liverpool Plaza office refurbishment completed

6 December 2010

Bruntwood has recently finished refurbishing 23,000 sq ft of office space on a single floor at The Plaza in Liverpool.
L&G sells Walbrook Square leasehold to Bloomberg for new HQ

6 December 2010

Legal & General today confirmed that it has sold a long-leasehold interest on its Walbrook Square development scheme to media company Bloomberg, which will develop a 500,000 sq ft headquarters on the City site.
Great Portland buys £40m St James’s Street office

6 December 2010

Great Portland Estates has placed 20 St James’s Street in London’s West End under offer for around £40m, PropertyWeek.com can reveal.
Terrace Hill in £53.5m Victoria sale

6 December 2010

Terrace Hill has sold 129 Wilton Road in London’s Victoria for £53.5m to Cordea Savills’ European Commercial Fund.
L&G to rock on £305m Rolls

3 December 2010

Legal & General Property is set to buy the Rolls Building on Fetter Lane in London for £305m.
Aerium completes £181m 40 Portman Square sale to Malaysians

2 December 2010

The Malaysian Employees Provident Fund, through ING Real Estate Investment Management, has completed the £181m purchase of 40 Portman Square, as tipped by Property Week.
Plantation Place set for sale

2 December 2010

The consortium that owns the 550,000 sq ft Plantation Place office building in the City is exploring a sale of the property in order to pay down a £448m debt pile.
Axa announces plans for speculative City office scheme

2 December 2010

Axa Real Estate Investment Managers has announced plans to speculatively develop a 215,000 sq ft City of London office scheme.
USS buys Savoy Court for £45m

30 November 2010

Redevco has sold Savoy Court, an office block in London’s West End, to the Universities Superannuation Scheme (USS) for £45m, representing an initial yield of 6.25%.
Midweek Bulletin: Shaftesbury shake up and Capital Shopping Centres sale

30 November 2010

Giles Barrie, Property Week editor, and James Whitmore, deputy editor, look at the big sotires being talked about this week - including Jonathan Lane, founding chief executive of central London REIT Shaftesbury, announcing he is to retire next year and Simon Property’s interest in Capital Shopping Centres.
CBRE starts prospecting for business centres

30 November 2010

CB Richard Ellis has been appointed by Prospect Business Centres to find sites to help it expand nationally.
Rockspring to launch solar business park

29 November 2010

Rockspring Property Investment Managers has announced plans to convert Westcott Venture Park in Buckinghamshire to run on solar energy.
CoStar: Manchester Office Market Report - Q3 2010

26 November 2010

Following a slow start to 2010, the Manchester office market rebounded strongly in Q3, with 327,065 sq ft (30,385 sq m) let.
Douglas & Gordon: The London Property Barometer - October 2010

26 November 2010

“The Christmas lull has come early for the London sales market with October seeing the lowest number of new valuations this year. Vendors have been encouraged by reports that prices in London will increase over the next couple of years, so are waiting for the market to pick up.”
DTZ Property Times: Manchester - Q3 2010

26 November 2010

Take-up increased significantly in Q3 to 701,000 sq ft, bolstered by the 328,000 sq ft development of the Co-Op Group’s headquarters. Stripping out this figure leaves 373,000 sq ft, itself the strongest quarter since 2008.
Terrace Hill lets top floor at Baltimore House

26 November 2010

Terrace Hill has let the top floor of Baltimore House, its recently completed 24,315 sq ft office building at Baltic Business Quarter.
4m sq ft of West End offices ‘lost’ to other uses

22 November 2010

More that 4m sq ft of offices in Westminster have been converted to other uses during the past 10 years, as West End landlords take advantage of prime housing and hotel values.
Grosvenor cuts agents to five

19 November 2010

Savills, CB Richard Ellis, Knight Frank, DTZ and Gerald Eve win
First phase of Riverside Business Park completes

18 November 2010

Peel and Barnfield Construction have completed the first phase of Riverside Business Park in Lancashire.
Derwent announces new development head and increases pipeline

18 November 2010

Derwent London has appointed Richard Baldwin as a head of development.
DTZ says UK market back to fair value

18 November 2010

The UK commercial property market currently represents fair value, according to DTZ’s third quarter Fair Value Index, due to a rise in yields in regional office markets.
South African investor considers Wichford merger

15 November 2010

South African investor Redefine International is considering merging with property investment firm Wichford, it was announced today.
H2SO launches iPhone app for occupiers

12 November 2010

Central London property consultancy H2SO has launched an iPhone app to help businesses calculate how much office space they need.
Hong Kong gains ground on London's West End for top office cost.

11 November 2010

London’s West End has continued to be the world’s most expensive office location, though Hong Kong’s Central Business District is catching up, research from CB Richard Ellis has shown.
Tritax investors make 20% return from Bucks office sale

10 November 2010

Tritax, the property syndicator and manager, has achieved a 20% profit for investors from the sale of the InterContinental Hotels Group global headquarters in Denham, Buckinghamshire.
Agents appointed on Shard and London Bridge Place

10 November 2010

Four office leasing agents have been appointed to market space at the Shard and London Bridge Place, in one of the largest ever City occupational mandates.
Irwin Mitchell expands in 40 Holborn Viaduct

9 November 2010

Law firm Irwin Mitchell has agreed to lease the ground floor office space at 40 Holborn Viaduct, in central London, a building in which it already occupies space.
Colliers International: Asia Pacific Office Tenant Survey 2010

8 November 2010

For 2010, the Office Tenant Survey has been expanded to include a total of nine countries across Asia Pacific and summarises the views of 740 tenants from a wide variety of industries.
CB Richard Ellis Central London Marketview - Q3 2010

8 November 2010

Boosted by UBS’s pre-let of 700,000 sq ft, take-up for the third quarter rose to 3.5m sq ft which was a 27% increase on the previous quarter and 12% above the long-term average.
£450m Chiswick Park sale

8 November 2010

The fund that owns the Chiswick Park business park has put the scheme up for sale for £450m.
McCready: property vehicles to be publicly owned (video)

5 November 2010

The government wants to keep its property vehicles in public ownership, Property Unit chief John McCready has told Public Property UK.
St James office take up is twice level of previous year

5 November 2010

Take up in the St James office market, in London’s West End, in the last year reached 253,523 sq ft, twice the level of the previous year, BNP Paribas Real Estate research has found.
Hines appoints Savills at Cannon Place

4 November 2010

Hine has appointed Savills as joint letting agents on its 400,000 sq ft Cannon Place office development in the City of London.
Evans Randall completes Drapers Gardens buy

4 November 2010

Evans Randall yesterday completed the £242.5m purchase of the Drapers Gardens office complex in the City of London.
£1.3bn bank HQ sell off

4 November 2010

The London headquarters of two of the world’s largest investment banks have been are set to be put up for sale.
Moorfield and Resonance make first JV purchase

2 November 2010

Moorfield and Resonance Capital have bought SkyPark in Glasgow from Kenmore Property Group and Paradigm Real Estate Managers for £54m, representing a yield of 10%.
Wainbridge completes fundraising for UK debut

2 November 2010

Wainbridge Capital Limited has completed the first close of its debut real estate fund, Wainbridge Global Opportunities London.
CLS completes West London buy

2 November 2010

European property investment company CLS Holdings has completed the purchase of a 98,869 sq ft office in New Malden, west London.
BNP Paribas Real Estate: Office Market in Europe - October 2010

1 November 2010

The contrast between the growth performance of the core economies of the euro area, especially Germany, and the periphery has become more pronounced in recent quarters.
Cushman & Wakefield Business Briefing: Thames Valley Office Market - Q3 2010

1 November 2010

Sentiment improved across the Thames Valley during the third quarter of 2010 and quarterly take up was one of the highest on record owing to key transactions completing.
Elystan Capital Advisers buys office in Munich

1 November 2010

Elystan Capital Advisers has bought a 65,000 sq ft office building in Riem, Munich from a private investor for an undisclosed price.
Savills eyes up Cushman and Wakefield West End office agent

29 October 2010

Savills is in the process of poaching one of Cushman and Wakefield’s top West End office agents.
Full consent for £4.5bn Cricklewood scheme

29 October 2010

Barnet Council this week granted full consent for the £4.5bn Town Centre scheme in Brent Cross in Cricklewood, north London.
Investec takes floor at 3 Hardman Street in Manchester's Spinningfields

27 October 2010

Investec has signed to occupy a floor at Allied London’s 3 Hardman Street in Spinningfields, Manchester.
Mindshare signs to take space at Central Saint Giles

27 October 2010

Mindshare, a subsidiary of global marketing communications giant WPP, has signed to take 78,000 sq ft at Central Saint Giles in the West End, as tipped by Property Week (21.5.10).
BL agrees Cheesegrater deal with Oxford Properties

25 October 2010

British Land today revealed it has signed a joint venture agreement with Oxford Properties to build the ‘Cheese grater’ development at Leadenhall Street.
DTZ Property Times: Glasgow Q3 2010

24 October 2010

City centre activity was broadly unchanged in Q3 at 152,000 sq ft. The majority of transactions were grade B, sub-10,000 sq ft and focussed in the city centre.
DTZ Property Times - Edinburgh Q3 2010

24 October 2010

City centre take-up increased to 114,000 sq ft in Q3 (Figure 1). One of the largest deals in Q3 was again at WaverleyGate since quoting terms have been reduced following the former owner’s administration.
Delek Real Estate sells 1 Croydon

22 October 2010

Delek Real Estate and Major Belle have sold the 1 Croydon building in south London to an unknown buyer for £31m.
Meyer Bergman teams up for £100m Mayfair buy

22 October 2010

European real estate investment and fund management firm Meyer Bergman is thought to have teamed up with Thor Equities to buy the £100m Burlington Arcade in Mayfair.
Carlyle agrees BSI Tower sale

22 October 2010

Carlyle Group is making its first disposal from the £670m Thames portfolio, by selling the BSI Tower in Chiswick to US private equity investor Harbert and developer and asset manager Canmoor
Central St Giles leads West End lettings leap

22 October 2010

The West End office market has enjoyed a surge in lettings, as deals are agreed at some of London’s most prominent properties, lead by the newly completed Central St Giles
City of London planning chief wins big at Offices 10

21 October 2010

City of London chief planning officer Peter Rees was the big winner at Tuesday night’s Offices Awards.
Knight Frank replaces JLL and BNPPRE on Leeds scheme

21 October 2010

Knight Frank has been appointed to market 122,000 sq ft of office space in an IVG office scheme in Leeds.
Take up rises and supply continues to fall in Central London

19 October 2010

The Central London office market saw take-up levels rise in the third quarter of 2010, according to research by CB Richard Ellis.
Henderson buys £36m Glasgow site

18 October 2010

Henderson Global Investors has bought a retail and office development on Buchanan Street in Glasgow for £36.4m.
Goodman’s UK logistics head to depart

15 October 2010

Jason Dalby, head of UK logistics at Goodman Group, is to leave the company on 1 January 2011 and will be replaced by Graham Pardoe.
Serviced Office Group to buy Bourne Financial

15 October 2010

Serviced Office Group, the AIM-listed company, has entered into a conditional agreement to buy a company owned by its director Andrew Bourne.
Empire State vs Vornado: the battle for New York’s skyline

15 October 2010

The owners of the Empire State Building are dead set against Vornado development a couple of blocks away
Boston skyscraper sold for $930m

13 October 2010

Boston’s tallest skyscraper is being sold to the real estate tycoon and newspaper publisher Mort Zuckerman’s company for $930m.
Simons plan for Dorchester gets go-ahead

13 October 2010

Simons has won planning permission for a major town centre redevelopment in Dorchester in Dorset.
Chesterfield calls for investment

13 October 2010

Chesterfield Borough Council has launched Destination Chesterfield’s Modern Awakening – to attract new investment to the area.
Ruskin Square plans launched

12 October 2010

Stanhope and Schroders have launched public consultation on their plans for Ruskin Square, a site next to East Croydon Station.
Highcross expands serviced offices portfolio

12 October 2010

Highcross’s serviced office business, Pure Offices, has bought the ESS Serviced Offices portfolio out of administration.
Sir Philip Green to slam public property waste

11 October 2010

The government is failing to get value for money from its property and other contracts and could do better by centralising procurement, according to a review by Topshop founder Sir Philip Green.
LSE snaps up Land Registry Office Building for £37.5m

8 October 2010

London School of Economics is set to buy the Land Registry Office building in central London for £37.5m.
Manolo Blahnik takes office space in Chelsea

8 October 2010

Footwear designer to the stars Manolo Blahnik has signed up to take a 2,466 sq ft office in Chelsea.
Frogmore leases 50 St Mary Axe

7 October 2010

Frogmore has let an entire floor of its 50 St Mary Axe development in the City to executive search company Wilton and Bain.
Scottish and Southern Energy buy Glasgow office

7 October 2010

Scottish and Southern Energy has bought an office block in the heart of Glasgow city centre for its new base in the city.
Woolley Grange granted planning extension

7 October 2010

Scottish and Southern Energy has secured a four-year extension to its planning permission for the 110,000 sq ft Woolley Grange office scheme at Littlewick Green in Maidenhead.
Saga goes gaga for Hastings office

7 October 2010

Saga Group is planning to buy a 45,000 sq ft office in Hastings to house a new customer support centre.
Arab Investments aims for £60m West End sale

7 October 2010

Arab Investments is looking to sell 10 Stratton Street in the West End for in excess of £60m.
Peel submits plans for Salford Quays

7 October 2010

Peel submits plans to convert The Greenhouse in Salford Quays
CLS buys Colt Telecom HQ in Paris

6 October 2010

CLS Holdings has bought Colt Telecom’s data centre and French headquarters building in Paris.
Aviva begins development of Paris office tower

5 October 2010

Aviva Investors and Capital & Continental have begun construction of an eight-storey office building in the St-Ouen district of Paris.
EXPO REAL: Development pipeline dry-up will drive European rental growth in 2011, Savills says

5 October 2010

Office rents across Europe will rise in 2011 against the backdrop of a 45% drop in development completions in the year, Savills said at the EXPO REAL conference in Munich today.
Boost for Birmingham office market

4 October 2010

Office take-up in Birmingham saw a dramatic boost in the third quarter of this year, totalling 262,050 sq ft in 46 deals, according to the Birmingham Office Market Forum.
Peel submits plans for Liverpool Waters

4 October 2010

The Peel Group will today submit a planning application for its £5.5bn Liverpool Waters project.
Oxford Properties buys UBS’s 50% stake in Watermark Place

1 October 2010

Oxford Properties, the real estate arm of OMERS pension fund, has exercised its pre-emption right to purchase a 50% stake in Watermark Place from UBS.
Government bans leases until 2015

1 October 2010

The government will extend its ban on new government leases until 2015 to try to save more than £250m in rent and running costs, Property Week can reveal.
Evans Randall sells 10 Old Burlington Street

1 October 2010

Evans Randall has sold 10 Old Burlington Street, in London’s West End, for around £46m – £2m less than was paid for the building two years ago.
Crown Estate names Regent Street office scheme

30 September 2010

The Crown Estate has today unveiled AirW1 as the name for the 180,000 sq ft office element of its Quadrant development at London’s Regent Street.
Hammerson completes £134m Exchange Tower sale

30 September 2010

Hammerson has completed the £134m sale Exchange Tower in London’s Docklands.
Deka buys €95m New York office

30 September 2010

Deka Immobilien has bought a New York office block for €95m.
BNP Paribas takes former Woolworths office space

29 September 2010

BNP Paribas has taken 59,000 sq ft of overflow space at the former Woolworths headquarters ahead of an anticipated move to the Kings Cross Central development.
IVG secures tenant for The Building

27 September 2010

IVG has let the ground floor of The Building, at 578-586 Chiswick High Road in London, to Television Versioning & Translation (TVT).
Thetrainline.com rolls into Edinburgh's Tanfields

27 September 2010

Thetrainline.com is moving its Edinburgh office to Carlyle Group’s Tanfield development.
BCO calls for worldwide office standards benchmark

24 September 2010

The British Council for Offices (BCO) has called for a universal specification to benchmark Grade A offices, to eliminate variances in its definition around the world.
BNP Paribas Real Estate begins City move

24 September 2010

BNP Paribas Real Estate has begun its move into its new UK headquarters at 5 Aldermanbury Square, in the City of London.
Hines looking for record rent in Mayfair

24 September 2010

Record Mayfair office rents for this cycle are being sought with the launch of Hines’ One Grafton Street in London’s West End.
Salmon Harvester makes Birmingham debut

24 September 2010

One Victoria Square in Birmingham has been placed under offer by Salmon Harvester Opportunity Fund for just under £18m, its first purchase in the city.
Expressions of interest called for Olympic media centre

24 September 2010

The Olympic Park Legacy Company has called for expressions of interest for the redevelopment of the Broadcast and Press Centres within the Olympic Park site, after the Games.
Deka sells £42m Mayfair property

23 September 2010

A part-vacant Mayfair property in London’s West End has gone under offer for around £42m.
GVA Grimley Business Parks Review: Summer 2010

23 September 2010

Occupier and developer activity on the UK’s business parks continued to slow during the first half of 2010 following the sharpest economic downturn since the 1930s.
King Sturge: Thames Valley Offices - Q2 2010

23 September 2010

After a long period of caution, corporate confidence appears to be returning to the Thames Valley.
CoStar West End Office Market Update: September 2010

23 September 2010

CoStar has recorded 144,276 sq ft of take-up so far for August, 59% of which is new/refurbished space.
CoStar Midtown Office Market Update: September 2010

23 September 2010

CoStar has so far recorded 47,478 sq ft in take-up for August in the Midtown market, 11% of which is new/refurbished space.
Malaysia pension fund in talks for Visa’s Paddington HQ

23 September 2010

Malaysia’s largest pension manager, Employees Provident Fund (EPF) is the front runner to buy Visa’s 1 Sheldon Square headquarters in Paddington for around £150m, reflecting a yield of around 5.75%.
London & Regional and Chelsfield appoint Waterloo architect

22 September 2010

David Chipperfield Architects has been appointed to design the redevelopment of Elizabeth House in Waterloo, London, by developers London & Regional Properties and Chelsfield Partners.
Orega to open business centre in Bristol

21 September 2010

Serviced office provider Orega is opening its first south west business centre at 10 Victoria Street in Bristol.
Simon Blake rejoins CBRE

21 September 2010

Simon Blake is rejoining CB Richard Ellis as head of capital markets UK and is leaving Altyon Partners, the fund management firm he set up with Simon Holley when the pair left CBRE a year ago.
Minerva posts strong NAV growth

21 September 2010

Minerva achieved a 29% increase in net asset value in the first half of this year thanks to an improvement in the value of its City office developments and its high level of gearing.
Second attempt for Peak District regeneration plans

21 September 2010

Plans for a £25m regeneration scheme in the Peak District are due to be re-submitted while the developer appeals against the local authority’s decision to refuse permission earlier this year.
Boris calls on banks to support ‘green’ refurbs

20 September 2010

London mayor Boris Johnson has called on banks to help support environmentally friendly refurbishments of buildings in the city.
Eurohypo takes over City office project

20 September 2010

Eurohypo, the German real estate bank, has taken control of an office development site in the City in the latest sign of a workout of the mountain of distressed debt in the UK commercial property market, the Financial Times reported today.
CoStar City Office Market Update: September 2010

17 September 2010

CoStar has recorded 330,225 sq ft of take-up so far for August, 66% of which was new/refurbished
MEPC gets green light for Wellington Place in Leeds

17 September 2010

MEPC has secured planning permission for two office buildings at its Wellington Place scheme in the West End of Leeds.
LaSalle buys London office block for £26.5m

17 September 2010

LaSalle Investment Management, in conjunction with Generation Estates, has bought 100 Middlesex Street on the eastern edge of the City of London from Blackstone for £26.5m on behalf of a pension fund client, as tipped by Property Week.
Brims Construction wins Toffee Factory contract

17 September 2010

North East firm Brims Construction has been chosen as the contractor to develop the former Maynard’s toffee factory in Newcastle’s Lower Ouseburn Valley.
Savills sells former home of Irish Permanent Representation to EU in Brussels

16 September 2010

Savills has sold the former offices of the Irish Permanent Representation to the European Union in Brussels.
Exemplar to redevelop Rio Tinto's St James's Square HQ

16 September 2010

Exemplar Properties has joined forces with mining giant Rio Tinto to redevelop the company’s former HQ at 5-6 St James’s Square in London’s West End.
Balfour Beatty establishes Newcastle presence

15 September 2010

Balfour Beatty has taken a 10-year lease on the 41,000 sq ft Q14 building at the Quorum Business Park in Newcastle.
Duchy of Lancaster selects Greycoat for London development

15 September 2010

The Duchy of Lancaster has appointed Greycoat as development manager for an office building in London’s Strand.
Union Investment lets Zurich development ahead of completion

15 September 2010

Union Investment has let its new Zurich development, 51 Fifty-One, ahead of completion in one of Switzerland’s biggest lettings of the year.
Serviced Office Group opens in Knightsbridge

14 September 2010

Serviced Office Group, an AIM-listed operator of 21 centres, has opened a new office at 1 Knightsbridge Green in London’s West End.
DTZ Investment Management acquires £21m Glasgow property

14 September 2010

DTZ Investment Management has bought a 35,197 sq ft office and retail property in Glasgow from LNC Property Group for £21.2m.
Bishops Square stake on market

13 September 2010

Investors are being quietly approached by the State of Oman about purchasing a stake in the large Bishops Square complex near London’s Spitalfields market, the Independent on Sunday reported yesterday.
Julian Stocks leaves JLL to join Tishman Speyer

10 September 2010

Julian Stocks is to leave Jones Lang LaSalle to join Tishman Speyer as UK managing director.
UBS in talks with German fund for Watermark Place stake

10 September 2010

UBS is in talks with a German fund to sell its 50% stake in Watermark Place office scheme in the City of London.
Savills: Warsaw Office Market Report - Summer 2010

9 September 2010

“Renegotiations still constitute a significant part of ’take-up’, however, net take-up is already in line with the level of new supply. We expect the market to remain stable in the second half of 2010 and for the first signs of effective rental growth to start later in 2011 once the vacancy rates decrease.”
EA Shaw: Midtown, Soho & Southbank London Office Market Update - Q2 2010

9 September 2010

The availability rates decreased in Q2 creating increased upward pressure on rents on top quality space.
Centrica to energise Oxford property market

9 September 2010

Oxford’s largest letting for six years looks set to go to Centrica at Oxford Business Park.
Lloyds appoints CBRE to sell Glasgow development site

9 September 2010

CB Richard Ellis has been appointed by Lloyds Banking Group to sell a former retail banking hall on Glasgow’s Queen Street.
Office availability drops in Midtown, Soho and South Bank

9 September 2010

Office availability rates in London’s Midtown, Soho and the South Bank decreased in the second quarter, putting upward pressure on rents.
Invesco launches third UK fund for German institutions

9 September 2010

Invesco Real Estate has launched and completed the first closing of its third UK fund for German-speaking institutional investors.
CBRE instructed on former Halliwells space at Spinningfields

9 September 2010

CB Richard Ellis has been instructed to let the 175,000 sq ft of office space in Spinningfields, Manchester, previously occupied by the troubled law firm Halliwells.
Savills expands in France with two new recruits

8 September 2010

Savills has expanded in France with the recruitment of two office agency directors from Keops and CBRE.
McKay secures City letting

8 September 2010

McKay Securities has let 15,000 sq ft at Portsoken House in the City of London to a residential and mixed use managing agent.
Dencora buys business park in Peterborough for £10m

7 September 2010

Dencora has bought the 125,000 sq ft Peterborough Business Park from Invista Real Estate Investment Management for around £10m.
Dorfman funds Office Group buy-out

7 September 2010

Lloyd Dorfman, Travelex founder and chairman of serviced office firm Esselco, has funded a management buyout of Bridges Ventures’ majority stake in The Office Group for £43.3 million.
Tenants sign up at Ascot

7 September 2010

Salmon Harvester Properties has secured two tenants at Ascot Business Park in the Thames Valley.
Mark Denford joins Cushman

7 September 2010

Mark Denford has joined as a partner in Cushman & Wakefield’s UK office agency team and will be based at its Thames Valley office.
Coca-Cola takes Invista pre-let in Uxbridge

7 September 2010

Invista has secured a 108,884 sq ft pre-let with Coca-Cola Enterprises at New Bakers Court, its Uxbridge town centre office scheme.
Unison national centre secures funding

7 September 2010

Co-operative Bank and Unity Trust Bank are funding a multi-million pound national centre for Unison, the public sector union, on Euston Road in London.
Pramerica confirms West End deals

6 September 2010

Pramerica Real Estate Investors, acting on behalf of a family office, has confirmed the purchase of 20 Grafton Street in London’s West End for £47.8m, as tipped by Property Week.
Landmark House finds final tenant

2 September 2010

Diageo’s Landmark House in Hammersmith is now fully occupied after a 4,024 sq ft letting to Couponstar at £25 per sq ft.
Greater Manchester Property Venture Fund buys Stockport development site

2 September 2010

The Greater Manchester Property Venture Fund (GMPVF) has bought a former Royal Mail sorting office in Stockport for an undisclosed amount.
Studley Point half-filled with ENER-G

2 September 2010

Folkes Holdings and Trigram Properties have let more than half of their Studley Point office development in Birmingham to ENER-G.
Apollo letting fills 50 New Bond Street

2 September 2010

The letting of 50 New Bond Street, in London’s West End, has been completed after Apollo Real Estate agreed to take the last 7,000 sq ft.
Allianz lets Paris tower

2 September 2010

Allianz Real Estate has let a 330,000 sq ft Parisian tower to France Telecom.
Exemplar and City of London sign development agreement for London Fruit and Wool exchange site

1 September 2010

Exemplar Properties and The City of London Corporation have signed a development agreement for the regeneration of the London Fruit and Wool Exchange site in the City.
Latest Farebrother report shows take up in Midtown strong

1 September 2010

The drying up of new office space in London’s Midtown area is encouraging the take-up of refurbished offices.
CB Richard Ellis Global Marketview: Office Rental Cycle - Q2 2010

31 August 2010

Global economic indicators improved in the second quarter of 2010 and world GDP growth for the year is forecast at around 4.5%, according to the IMF.
CB Richard Ellis Marketview: Central London Offices - Q2 2010

31 August 2010

In the wake of two very strong previous quarters, take-up weakened in the second quarter, albeit to 2.7m sq ft which was just below trend.
Nelson Industrial Park in receivership

27 August 2010

Profile Park, a 150,000 sq ft mixed use commercial site on Junction Street in Nelson has been placed in the hands of Law of Property Act (LPA) receivers LPA Direct.
Real I.S buys £52m West End office

27 August 2010

Real I.S, the asset management company for BayernLB’s commercial real estate, has bought 21 Bloomsbury Street in London’s West End for around £52m.
Ventia to launch serviced offices in South Kensington

25 August 2010

Ventia is set to launch a serviced business centre in South Kensington to add to its portfolio of serviced offices across London and the Thames Valley.
Evans Randall buys Drapers Gardens in the City

25 August 2010

Evans Randall has bought the recently-completed Drapers Gardens development in the City of London for £242.5m from Canary Wharf Group and Morgan Stanley Real Estate Funds.
Google signs in Dublin at East Point

24 August 2010

Google has agreed a 40,000 sq ft office letting at East Point Business Park in Dublin. The search engine giant will employ 200 people at the park.
Tower 42 sale scrapped

20 August 2010

Tower 42 is no longer for sale after talks with a potential buyer for the 600ft skyscraper ended this month.
Manchester’s Piccadilly Gate under offer

20 August 2010

Manchester’s 124,000 sq ft Piccadilly Gate office scheme has been put under offer by overseas investors for more than £48m, reflecting a yield of 5.75%.
Private investors in West End show

20 August 2010

Wealthy individuals target resurgent London market
CLS reports strong results despite currency impact on valuations

19 August 2010

European property investment company CLS Holdings delivered strong operational results today, despite weak currency having a negative effect on its portfolio valuation.
MedImmune expands at Granta Park

19 August 2010

MedImmune Limited, the global biologics unit of AstraZeneca, has taken a 22,000 sq ft office building on a 15-year lease at Granta Park Cambridge.
Warner Estate halves void space

19 August 2010

Warner Estate Holdings has filled nearly half of its void space in the last five months, the property investor said today.
Allen & Overy consolidates in London

19 August 2010

Law firm Allen & Overy is consolidating its offices and relocating 200 staff from Canary Wharf to its headquarters in Bishopsgate in the City of London.
Fladgate moves to Covent Garden

17 August 2010

Commercial property law firm Fladgate has announced it will consolidate its offices by moving to a site in Covent Garden.
Invista buys in Farringdon Street

13 August 2010

Invista Real Estate has bought 30 Farringdon Street in the City of London.
AXA takes new space in Singapore

13 August 2010

AXA has agreed terms to become the anchor tenant at MGPA’s Shenton Way building in Singapore.
Admiral takes Cardiff’s biggest ever pre-let

11 August 2010

Stoford is to develop a 220,000 sq ft headquarters for Admiral Group in Cardiff - the biggest ever pre-let deal in Cardiff’s history.
Istithmar sells £173m West End asset

10 August 2010

One of the largest office investment deals in London’s West End has been carried out.
DTZ secures sale of City Link Hub

9 August 2010

DTZ has advised City Link on the sale of a 153,481 sq ft distribution facility in the West Midlands to a private investor for an undisclosed amount.
GVA Grimley Business Parks Review: Summer 2010

9 August 2010

Occupier and developer activity on the UK’s business parks continued to slow during the first half of 2010 following the sharpest economic downturn since the 1930s.
Greenwich Peninsula's Pier Walk sold

9 August 2010

Quintain and Lend Lease have sold Pier Walk at Greenwich Peninsula to German fund Deka Immobilien.
LSH and DTZ win Helical Bar appointment

6 August 2010

Helical Bar has appointed Lambert Smith Hampton and DTZ as joint letting agents for Motherwell Park, the industrial and office development near Bellshill.
DTZ Property Times: Glasgow - Q2 2010

6 August 2010

City centre activity increased again in Q2 to 153,000 sq ft as several long standing large grade A requirements completed as expected.
DTZ Property Times: Edinburgh - Q2 2010

6 August 2010

City centre take-up fell back in Q2 to 63,000 sq ft. The bottom of the occupier market arguably occurred in Q3 2009, but activity continues to be erratic from quarter to quarter while underlying demand is thin.
Economist Tower lettings achieve high St James rents

6 August 2010

Ryder Street Properties, represented by Mellersh & Harding, have achieved some of the highest rents in St James’s for a year at the EconomistTower.
Orega to open its first flexible office space in London

6 August 2010

Orega, the flexible office provider, is set to launch its first London office space in High Holborn.
Glasgow’s Maxim enters danger zone

06 August 2010

Investors may be asked to inject more cash after loan-to-value covenant breach at 1.1m sq ft schemes
Rockspring into spec action in west London

06 August 2010

Investor-developer in talks to buy Schroders Uxbridge site for office scheme
Investment in Manchester office market rises substantially

5 August 2010

Investment in the Manchester office market has risen substantially with £316.7m invested in the first half of this year, up from £46m in the first six months of 2009.
D2 private lets 23 Savile Row office space to art gallery Hauser & Wirth

4 August 2010

D2 Private has let a further 7,200 sq ft at its 23 Savile Row office development in London’s West End to Hauser & Wirth, the leading international modern art gallery.
Investor demand for regional offices up by 63% on last year

4 August 2010

Investor demand for prime regional offices has continued to improve with volumes during the first half of 2010 up by 63% on the same period last year.
St Modwen gets planning consent for £10m redevelopment of Sunderland glassworks site

4 August 2010

St. Modwen has received planning consent to transform a former glassworks site into a £10m mixed use development.
Construction starts on £85m Edinburgh International Conference Centre expansion and office space

4 August 2010

Construction has got under way at the £85m expansion space for Edinburgh International Conference Centre (EICC) and a new office building, in one of Scotland’s biggest construction projects.
Standard Life Investments spends £40m in Brazil

4 August 2010

Standard Life Investments has bought £40m of property in Brazil in a further sign of investor interest in the South American country.
CLS returns to London with Apex Tower purchase

4 August 2010

CLS Holdings has made its first purchase in the London market for four years.
Peel secures permission for £4.5bn Wirral scheme

4 August 2010

Peel has secured planning permission for the redevelopment of the East Float site which forms the heart of its £4.5bn Wirral Waters regeneration scheme in the north-west of England.
Hammerson completes largest London purchase

4 August 2010

Hammerson this morning confirmed the purchase of a prime office building in the City of London for £175m.
UBS signs for giant Broadgate deal

2 August 2010

British Land and Blackstone have secured a 700,000 sq ft pre-let with UBS at their City of London Broadgate Estate.
King Sturge: Office Occupier Trends - Q2 2010

30 July 2010

A total of 1.3 million ft² of office floorspace was acquired in Q2 2010, down 57% on Q1 2010 and 12% lower than the same period a year ago.
Crown wins Regent Street planning consent

30 July 2010

The Crown Estate has won planning consent for the redevelopment of two major blocks on the west side of Regent Street.
Consortium buys second round of Spanish assets

30 July 2010

A consortium of RREEF Europe, Area Property Partners and Europa Capital has bought a second portfolio of Spanish property assets from Banco Bilbao Vizcaya Argentaria (BBVA).
DTZ Property Times: Brussels Offices - Q2 2010

29 July 2010

Activity has slowed after two exceptional quarters. Only one transaction above 10,000 sq m was recorded.
Legal & General Sustainable Property Guides - Office Occupiers Guide

29 July 2010

There is new legislation, set to come into force in 2010, that allows financial penalties levied on owners and occupiers of property alike for notreducing carbon emissions in commercial buildings.
Owners, advisers and tenants unite for “green lease action plan”

28 July 2010

Leading building owners and advisory firms in the US have joined corporate tenants in committing to a statement of principles and a Green Lease Action Plan to resolve the challenges of energy and sustainability in leased office buildings.
Europa sells €60m Düsseldorf development

28 July 2010

Europa Capital has completed the sale of an office development in Düsseldorf for €60m.
Derwent completes Central Cross buy

28 July 2010

Derwent London made its biggest purchase for three years this week.
Qatari investor sees value in Mayfair

27 July 2010

F&C Reit has sold 27 Dover Street in Mayfair, London for £6.35m. Claymore Asset Management bought the property on behalf of Qatari-owned Oryx Property.
HSBC to lead £600m Pinnacle funding

26 July 2010

The consortium behind plans to develop one the Pinnacle is close to agreeing terms with HSBC to lead the £600m financing of what will be one of London’s tallest skyscrapers, the Independent on Sunday reported yesterday.
Cluttons' Commercial Property Market Outlook Report - July 2010

23 July 2010

With hindsight, the market correction finished in Q1 2010. For Q2 values have moved up more slowly with yields trending stable in most markets. We have had a General Election and an emergency budget, so is the market now at a turning point?
L&G buys in Wales

23 July 2010

Legal & General Property has bought two office buildings from developers WISP Newport and WISP Swansea for £23.44m, an average net initial yield of 5.15%.
NSPCC appoints Savills

23 July 2010

Children’s charity the NSPCC has appointed Savills to join its panel of UK property advisors.
Green means go for Miller Birch and E.ON

22 July 2010

Power company E.ON and its development partner Miller Birch have secured planning permission for a 105,000 sq ft “green” office scheme.
Staffordshire police offices up for sale

21 July 2010

Staffordshire Police has put the freehold interest of 5,573 sq ft of commercial office space at Crossfields, 35 Cannock Road in Baswich, near Stafford, up for sale.
Tritax completes Brindleyplace sale

21 July 2010

Tritax has completed the sale of £190m worth of offices at Birmingham’s Brindleyplace, as first revealed by PropertyWeek.com.
Scottish Widows confirms Kleinwort Benson letting

21 July 2010

Kleinwort Benson, the UK and Channel Islands wealth manager, has taken the whole of Scottish Widows Investment Partnership’s (SWIP) 50,000 sq ft St George Street office development, as first tipped by Property Week in February.
Construction begins on Co-op head office

20 July 2010

Construction has started on the Co-operative Group head office in Manchester.
Jones Lang LaSalle strengthens tenant representation team

19 July 2010

Jones Lang LaSalle has appointed Will Heigham as an associate director in its national office agency tenant representation team in London.
McKay Securities completes office lettings trio

15 July 2010

McKay Securities has completed three office lettings in London.
Green light for Stockley expansion

15 July 2010

A 750,00 sq ft extension to Stockley Park in West London has been approved by the London Borough of Hillingdon.
King Sturge strengthens South East office team

14 July 2010

King Sturge has appointed Chris Barrs as a senior associate in the South East office agency team.
Instant hires former Friends Reunited boss

13 July 2010

Entrepreneur Michael Murphy has taken over as the chairman of Instant, the online broker for serviced office space and providers of managed offices.
Buccleuch buys in to Aberdeen Science Parks

9 July 2010

Buccleuch Property has bought the standing assets on Aberdeen Science & Energy Park and Aberdeen Science & Technology Park from Scottish Enterprise for £14m.
Maude quizzes Trillium on cutting contract costs

8 July 2010

Contractors including Telereal Trillium met Cabinet Office minister Francis Maude today to discuss renegotiating their agreements with the government.
Carlyle completes £671m White Tower purchase

8 July 2010

Carlyle Group has exchanged contracts for to buy six central London properties, which were formerly part of the portfolio securing the White Tower 2006-3 commercial mortgage backed securities (CMBS) vehicle.
Eighty per cent of councils considering co-location

8 July 2010

Almost 80% of councils are considering sharing office property with other public bodies as a way of saving money, a survey reveals today.
Kaye takes over as BCO president

8 July 2010

Helical Bar development director Gerald Kaye today takes over as president of the British Council of Offices.
Capita Symonds takes space in Sheffield

6 July 2010

Capita Symonds has agreed to take 15,000 sq ft in Sheffield city centre office.
Government to halve property costs in “doomsday” scenario

6 July 2010

Government departments have been asked to draw up a “doomsday” scenario of 50% cuts to their administrative budgets, including property costs, by the end of July.
Government agrees to £415m PFI prison deal with Serco

5 July 2010

The Ministry of Justice’s National Offender Management Service has agreed to a new prison at Belmarsh, London, to be built by Skanska and run by by outsourcing giant Serco.
Gatehouse Bank buys BT HQ in Leeds

5 July 2010

Gatehouse Bank has bought One Sovereign Street, the HQ of BT’s regional headquarters in Leeds, for £40.1m in one of the biggest deals in Yorkshire this year.
Invista buys Sheffield office building

2 July 2010

Invista Property Foundation Trust has bought the Portergate, an office building in Sheffield, for £10.2m.
Moorfield and Hines exchange on £200m Brindleyplace deal

1 July 2010

Hines and Moorfield have tonight confirmed their purchase of eight buildings at Brindleyplace in Birmingham.
Campbell resigns from Maxim

1 July 2010

Karen Campbell, chief executive of TAL CPT Land Development, the developers behind the £330m Maxim Office Park near Glasgow has resigned.
Workspace completes £200m refinancing

1 July 2010

Workspace Group has completed the £200m refinancing of a loan facility with GE Capital and Bayern LB.
Fund takes space at Glasgow's Capella

28 June 2010

Strathclyde Pension Fund is set to open a new office in Glasgow’s Capella building at Atlantic Quay.
Moorfield and Hines team up for £200m Brindleyplace bonanza

28 June 2010

Moorfield and Hines have teamed up to buy eight buildings at Birmingham’s Brindleyplace office scheme for just below £200m.
Blackrock buys £58m Covent Garden building

28 June 2010

Blackrock UK Property Fund has bought the freehold of 25 Bedford Street in London’s Covent Garden for £58.8m.
ING REIM Netherlands sells 13 offices

25 June 2010

ING Real Estate Investment Management (ING REIM) has sold a portfolio of 13 office properties to a consortium of international investors.
Land Securities HQ back on market

25 June 2010

Land Securities’ headquarters at 5 Strand, close to Trafalgar Square in London, is up for sale for £53m.
Two sturdy lettings perk up Thames Valley office parks

24 June 2010

Two significant Thames Valley transactions have signalled a return to activity in the region after take-up reached an all-time low earlier this year.
Hammerson sells Docklands tower for £134m

22 June 2010

Hammerson has sold Exchange Tower in London’s Docklands for £134m to MGPA’s Europe Fund III.
Great Portland Estates buys 35 Portman Square

22 June 2010

Great Portland Estates has bought an office in London’s West End at a net initial yield of 7.7%.
Maclay Murray & Spens signs at G1

21 June 2010

Law firm, Maclay Murray & Spens has agreed to take 40,000 sq ft at HF Development’s £70m G1 scheme in Glasgow.
Somerset council agrees plan to vacate 40% of office space

21 June 2010

Somerset County Council has today approved plans to vacate 40% of its office space as part of its property rationalisation programme.
SEB completes Condor House purchase

21 June 2010

SEB Asset Management has completed its purchase of Evans Randall’s Condor House in the City of London for its open-ended real estate fund SEB ImmoPortfolio Target Return Fund.
Final day to submit your Offices Awards 2010 entries

18 June 2010

Want to celebrate your office sector success? Then you’d better hurry up as entries for Property Week’s Offices Awards 2010 must be in by 5pm today.
Land Securities sells £250m Park House scheme

17 June 2010

Land Securities has agreed to forward sell its Park House development on London’s Oxford Street to a Qatari property company for £250m.
John Izett to leave Jones Lang LaSalle

16 June 2010

John Izett, a director in Jones Lang LaSalle’s national office agency team, has decided to leave the firm at the start of July in order to pursue other interests.
CIT buys Kings Reach Tower

16 June 2010

CIT has bought the King’s Reach Tower on London’s south bank for £60m.
Private sector trio appointed key property advisers to coalition

15 June 2010

Sir Peter Gershon (pictured), Dr Martin Read and Tesco executive director Lucy Neville-Rolfe are to advise government on how to make property savings.
Liverpool ONE smiles with office letting

15 June 2010

Liverpool Orthodontic Centre has signed up at Grosvenor’s Russell Building in its Liverpool One scheme.
Double letting at Camomile Court in the City

15 June 2010

MBK Real Estate Europe has let 29,150 sq ft of office space in Camomile Court, in the City of London.
Danescroft regears McGregor-Boyall leases

15 June 2010

Danescroft Commercial Developments has completed its second regear of leases held by McGregor-Boyall at its 110 Middlesex Street scheme in London.
TfL quits Shard as developers reach for the sky

14 June 2010

Transport for London will no longer become the first office tenant at the Shard at London Bridge as the developers look to position the building at the “top end” of the London market.
Helical Bar’s Mitre Square plans revealed

11 June 2010

Helical Bar has revealed its plans for a 270,000 sq ft office at 1 Mitre Square in the City of London.
Hammerson buys “White Tower” City building for £65m

11 June 2010

Hammerson has bought a City of London office building that formed part of the White Tower portfolio for £65m, which reflects an initial yield of 11%.
Hermes £58m London office

11 June 2010

Hermes Real Estate has bought Wimbledon Bridge House for £58m from Tristan Capital Partners and AEW Europe.
National Grid lights up 1m sq ft Manchester business park plans

11 June 2010

National Grid Property Holdings has won planning permission for a 1m sq ft business park at its Common Lane site in Partington, Greater Manchester.
Dohertybaines recruits new head of Central London Agency

10 June 2010

Dohertybaines, the Mayfair based surveying firm and real estate consultancy, have appointed Alex Brown to head up at West End based Central London Office Agency team.
Shell seals deal at Canary Wharf

9 June 2010

Shell International has taken 187,000 sq ft of temporary space at 40 Bank Street in London’s Canary Wharf and has confirmed it is looking for a development partner for its existing London base.
Henderson completes first £90m closing of Central London office fund

8 June 2010

Henderson Global Investors has achieved a first closing of its Central London Office Fund II (“CLOF II”) raising £90m of capital from a number of European and North American institutional investors providing it with around £200m for acquisitions.
Cambridge science village secures funding

7 June 2010

Plans for a science village at Chesterford Research Park in Cambridge have moved a step closer after investors Aviva Investors and Churchmanor Estates Company pledged funding for the project.
Aviva seals Manchester deal

21 May 2010

Aviva Investors has bought Direct Line House in Manchester city centre for around £23m, in one of the biggest deals in the city this year.
DTZ Property Times: Central London - Q1 2010

21 May 2010

“Occupational indicators in the Central London office market continued to improve in Q1. Leasing transactions increased very substantially to a level not seen since Q2 2007, while availability levels fell. Rental levels in most markets remained stable.
First letting at Wilton Developments speculative Leeds scheme

20 May 2010

Wilton Developments has secured the first letting at 10 South Parade, the inly speculative office development to get started in Leeds this year.
Great Portland swoops in the City

19 May 2010

Great Portland Estates is close to sealing two acquisitions that could pave the way for a 600,000 sq ft prime City of London office scheme.
Orchard Street buys 125 Wood Street

19 May 2010

Orchard Street Investment Management has bought 125 Wood Street in the City of London, from clients of Invesco Real Estate for £25.2m.
Opus lets Yorkshire industrial and offices

19 May 2010

Developer and investor Opus North has let 66,500 sq ft of industrial and office space at its Opus 36 business park on the outskirts of Goole, Yorkshire, to HCK, the commercial catering equipment and supplies group.
Regus shares plummet after UK centres underperform

18 May 2010

Shares in Regus plunged 16% this morning after the company reported a disappointing trading update.
Turley Associates takes space in Bruntwood scheme

17 May 2010

Planning consultancy Turley Associates has signed to move offices in Manchester to Bruntwood's No.1 New York Street development.
Economy and employment are key drivers for occupiers

17 May 2010

The economy and employment regulations are the key drivers for office occupiers wanting to implement new flexible working practices in buildings according to the British Council for Offices latest report.
Highcross buys Waverley Gate

14 May 2010

Highcross has bought WaverleyGate, one of Edinburgh’s city centre landmark office buildings, from the joint administrative receivers of Castlemore (Edinburgh) Ltd.
IBM reviews Thames Valley presence

14 May 2010

IBM is considering a move within the Thames Valley after deciding to downsize its offices near Heathrow.
City agent Alastair Hilton to leave Cushman & Wakefield

14 May 2010

Cushman & Wakefield’s Alastair Hilton is leaving to join midtown specialist property services firm Farebrother.
Four tenants take former Cadbury space in London

14 May 2010

Cadbury has let 22,714 sq ft of its former headquarters at 25 Berkeley Square in central London to four separate tenants.
Hedge fund signs at London's 23 Savile Row

14 May 2010

US hedge fund Eton Park Capital Management has signed up for 16,500 sq ft at D2 Private’s 23 Savile Row in London’s West End, in the biggest deal in the building so far.
CoStar Group: City Office Market Update - May 2010

14 May 2010

"April has been a relatively slow month for the occupier market in the City compared to that of the previous month, which generated just shy of 1 million sq ft in take-up. CoStar has recorded, 339,709 sq ft being taken in April, this brings the total space taken, in 2010to 2.7 million sq ft."
CoStar Group: Manchester Office Market Report - April 2010

14 May 2010

“The Manchester city office market recorded so far 50,936 sq ft in April, 79 % of which is new/refurbished space. The pace of take-up has picked up since the start of the year and an increase of space under-offer bodes well for the Manchester office market.”
CoStar Group: Midtown Office Market Report - May 2010

14 May 2010

"The Midtown office market has seen just 45,371 sq ft in take-up as recorded so far by CoStar, 80% of which is new/refurbished space. This level of take-up is below the monthly average for 2010 of 161,000 sq ft. Available space currently stands at 4.9 million sq ft. Secondhand space accounts for 42% of what is being marketed."
CoStar Group: West End Office Market Report - May 2010

14 May 2010

"The West End office market maintained healthy occupier activity in April, CoStar data records so far, 269,507 sq ft being taken, bringing the total take-up, year to date to 1.04 million sq ft. The largest space taken in April was 50,899 sq ft at 13-14 St George Street by Kleinwort Benson Group on a ten year lease. This deal was also the largest so far this year, in the West End."
DJD Crane Survey: No new development starts in City - but leasing activity picks up

13 May 2010

There were no new development starts in the City of London over the last six months but leasing activity is picking up, Drivers Jonas Deloitte said today.
Savills' Madrid Office Market Report: Spring 2010

7 May 2010

“The investment market is currently on tenterhooks. Pressure to invest in both national and international prime office buildings (in the CBD or consolidated periphery) continues to increase, but there is no corresponding yield shift to fulfil potential sellers’ price expectations. The key question is: who will be first to give in and start doing deals? It seems that demand will force investors’ hands”.
DTZ Property Times: Edinburgh Q1 2010

7 May 2010

"Occupier activity increased in Q1 and city centre take-up rose 70% to 141,000 sq ft. Lease events and opportunism continued to account for the bulk of transactional activity – most prominent this quarter were the more competitive deals secured at Waverley Gate after the owner’s administration.
Kraft plans UK headquarters move

11 May 2010

Kraft Foods, which has recently completed the takeover of Cadbury, is planning to consolidate its research and development facilities and headquarters in the UK.
Selective opportunities in the M25 office market says Knight Frank

11 May 2010

There are opportunities for selected growth in the M25 office market according to Knight Frank as the sectors which underpin take up in the region continue to grow.
DTZ Property Times: Glasgow Q1 2010

7 May 2010

"After a modest Q4, city centre activity picked up again by the second half of Q1 and take-up for the quarter exceeded 100,000 sq ft."
Helical buys £50m office and industrial portfolio

10 May 2010

Helical Bar has bought a portfolio of nine assets for £50m from ING Real Estate Investment Management.
Bottom of market reached in Thames Valley

10 May 2010

Demand for office space in the Thames Valley has remained at a historically low level, according to Cushman & Wakefield’s latest quarterly report. But the firm reports positive signs, with increased viewings and headline rents stabilising.
CB Richard Ellis Marketview: Central London offices - Q1 2010

7 May 2010

"Central London transaction levels were above average for the second quarter in succession. At 4.4m sq ft, take-up for the first quarter was the highest in nearly three years. The City accounted for 50% of Central London take-up as transaction levels reached a near record 2.2m sq ft, while take-up in the West End and the Docklands was above the long-term average."
Shell oils wheels with JLL for vast EMEA portfolio

7 May 2010

Shell has appointed Jones Lang LaSalle as its primary provider of real estate support services across the Europe, Middle East and Africa region (EMEA).
CB Richard Ellis UK Monthly Index

7 May 2010

An index of returns and the % change in returns across office, industrial and retail property and all property.
DTZ Property Times: Birmingham - Q1 2010

7 May 2010

“Take-up rose to 170,000 sq ft in Q1, of which 40% was attributable to refurbished grade A stock.”
DTZ Property Times: Bristol Q1 2010

7 May 2010

“The completion of several large deals from the public and financial sectors meant that city centre take-up increased 72% to 170,000 sq ft in Q1.
DTZ Property Times: Cardiff - Q1 2010

7 May 2010

"After a spate of larger deals in Q4, take-up fell back sharply to 32,000 sq ft in Q1, consisting entirely of secondary and tertiary transactions.
Conygar green light for Holyhead scheme

6 May 2010

Conygar Investment Company has won planning consent for a 130,000 sq ft industrial and office development in Wales.
PPG prepares for future after Murray International restructures

5 May 2010

Premier Property Group (PPG) said today that it had completed a review and restructuring following a £150m debt for equity swap by its parent, Murray International Holdings, with its bank and equity partner Lloyds Banking Group.
British Land and Blackstone to develop building for UBS at Broadgate

4 May 2010

British Land and the Blackstone Group have said today they intend to build a new building at London's Broadgate for existing tenant UBS.
CBRE Investors makes European fund debut purchase

29 April 2010

CB Richard Ellis Investors has bought a West End office block for £31.7m in the first acquisition for its Pan European Core (PEC) fund.
Miller Birch secures major prelet to E.ON

26 April 2010

E.ON has reached an agreement with developer Miller Birch to relocate to a new 105,000 sq ft office building in a major occupational deal for Nottingham.
New tenant at Spinningfields

22 April 2010

Brown Shipley has become the latest tenant at Allied London’s Spinningfields office district in Manchester.
ING REIM buys in Glasgow

22 April 2010

ING Real Estate Investment Management has bought a Glasgow office building for £17.4m.
Invista sells Belgian office and completes French lettings

20 April 2010

Invista European Real Estate Trust has sold its interest in a Belgian office asset for €7.7m and completed more than 250,000 sq ft of lettings in France.
AEW and Mountgrange raise £20m from asset sales

19 April 2010

A joint venture vehicle managed by AEW Europe/Tristan Capital Partners and Mountgrange Investment Management has sold two assets for a total of £20.3m.
Eurohypo finances Aerium’s Manchester purchase

19 April 2010

German bank Eurohypo has provided £122.75m of debt to finance Aerium’s purchase of Allied London’s 3 Hardman Street office scheme in Spinningfields, Manchester.
Greenwich office on the market with £96m price tag

19 April 2010

Lend Lease Europe and Quintain Estates and Development have put 14 Pier Walk, Greenwich Peninsula on the market for £96m.
EasyOffice.co.uk to manage Devonshire House

16 April 2010

The low-cost serviced office provider, easyOffice.co.uk has signed a management agreement on the 14,000 sq ft Devonshire House in Manchester.
CIty market heats up as more properties put up for sale

16 April 2010

Mitsubishi Estate Company has put its Bow Bells House scheme up for sale for more than £140m in the latest raft of property assets to be brought to the market in the City of London.
TCN UK, Rotherham and Tesco take Renaissance forward

16 April 2010

Anglo-Dutch property company TCN UK has agreed terms with Rotherham Metropolitan Borough Council for its £40m development at the heart of the Yorkshire borough’s regeneration.
CBRE poaches JLL director to head out of town office investment

15 April 2010

CB Richard Ellis has poached a director from rival consultant Jones Lang LaSalle to head its out of town office investment team.
City of London take-up at highest since 2007

13 April 2010

Take-up in the City of London reached its highest level since 2007 in the first quarter of this year, research from CoStar has shown.
Top City skyscraper for sale at £300m

13 April 2010

Tower 42, the tallest occupied skyscraper in the City, will be put up for sale as booming prices return to London’s commercial property market, it was reported in the Financial Times today.
CoStar City Office Market Update - April 2010

9 April 2010

The City of London saw the highest take up in the first quarter of this year since the third quarter of 2007. 1.9m sq ft was leased in Q1 2010 - 1.5m sq ft more than in the first two quarters of 2009.
CoStar Midtown Office Market Update - April 2010

9 April 2010

Take-up in Midtown in Q1 2010 fell compared to the previous quarter - totalling 380,829 sq ft.
CoStar West End Office Market Update - April 2010

9 April 2010

The volume of space being marketed in the West End fell for the first time since 2007 in the first quarter of 2010.
Heron tops out City’s tallest building

12 April 2010

The City of London’s tallest building was topped out this morning.
Portman Estate’s plans for Edgware Road approved

9 April 2010

Westminster City Council has granted planning permission for the Portman Estate to develop three sites near the Edgware Road, including a landmark building of more than 100,000 sq ft.
LaSalle completes Munich office scheme

9 April 2010

LaSalle Investment Management has completed Metris, an office development in Munich, Germany.
CB Richard Ellis UK Monthly Index - April 2010

9 April 2010

CB Richard Ellis’s monthly index gives total property returns and the change in returns across UK office, industrial and retail property as well as the all property return.
CoStar Group: Central Birmingham Office Market Report

9 April 2010

Birmingham may not have escaped the recession in 2009, but it came close to its ten-yearly average for office take-up, according to CoStar’s Central Birmingham Office Market Report. Even at the year’s low point in the second quarter take-up was still higher than in Q1 2006, showing Birmingham remains a key office location.
Law firm on a Rolls in Midtown

9 April 2010

Weil Gotshal & Manges’ 75,300 sq ft letting at “Rolls Building” at 110 Fetter Lane would lift take-up
Southampton City Council buys £25m office

7 April 2010

Southampton City Council has bought a £25m office development it is set to occupy in the summer.
Best first quarter City take up in 10 years says CB RIchard Ellis

1 April 2010

Take-up of office space in the City of London is the highest on record since 2000, according to the latest research from CB Richard Ellis.
Aviva Investors swoops on West End property

1 April 2010

Aviva Investors has bought the long leasehold IVG’s 111 The Strand development in London’s West End for £35m reflecting a net initial yield of 5.1%.
Evans Randall to sell Condor House

1 April 2010

Evans Randall instructed CB Richard Ellis to sell Condor House in the City for around £100m reflecting an aggressive 5.75% yield.
British Land confirms 465,000 sq ft of London lettings

31 March 2010

British Land has signed 465,000 sq ft of lettings deals since February, including letting the whole of its 10 Triton Street at its newly developed Regent’s Place scheme in the West End.
Great Portland enters into City development joint venture

31 March 2010

Great Portland Estates has sold a 50% interest in its 100 Bishopsgate development in the City of London to Canada’s Brookfield Properties for £42.97m.
Financial services sector “better than expected”

29 March 2010

Activity in the UK financial sector was broadly stable over the last three months and firms expect to see better growth in the next three months, according to the latest CBI/PWC Financial Services Survey.
Threadneedle signs three in London's West End

26 March 2010

Threadneedle Property Investments has signed three new tenants at 85 Newman Street in London’s West End increasing its rental income by £258,000.
Waverley Gate up for sale

26 March 2010

Waverley Gate, the 217,000 sq ft office building in Edinburgh city centre has been put up for sale by its administrator, BDO Stoy Hayward.
Knight Frank's Eastern Seaboard Offices Report: December 2009

26 March 2010

“The majority of listed entities have now largely re-capitalised by raising equity to fill the funding shortfall in debt markets and indications are that selected groups are again in a position to compete for assets with the private and off-shore capital. However selected AREITs and unlisted funds remain under pressure from their financiers, hence many will continue to off-load assets in 2010, mainly into the secondary market.”
Hammerson harbours Docklands £150m sale plans

25 March 2010

Hammerson is about to test investor interest by bringing Harbour Exchange Square in London's Docklands to the market.
EC Harris takes Piccadilly Place space

25 March 2010

EC Harris has taken the tenth floor at Three Piccadilly Place in Manchester.
Simon Fryer to set up on his own in Bracknell

22 March 2010

Simon Fryer, the well-known Thames Valley agent, is setting up his own firm in Bracknell.
LandSecs appoints BH2 to find partner for Walkie-Talkie

19 March 2010

Land Securities is seeking a joint venture partner for the development of the Walkie-Talkie skyscraper in the City of London.
MIPIM 2010: Wirral plans to attract data centre operators

16 March 2010

Wirral Council is to invest £12m in upgrading its broadband capability in a bid to attract data centre developers and research and development occupiers.
PWC London office is first in London to win BRREAM ‘Outstanding’

16 March 2010

PricewaterhouseCoopers’ building at More London has become the first building in the capital and the first major office building in the UK to be rated BREEAM ‘Outstanding’.
L&G roars into Red Lion Square

12 March 2010

Legal & General has bought 26 Red Lion Square in London’s Midtown for more than £57m at a yield of 8.12%.
£30M business park planned for east Edinburgh

12 March 2010

Plans for a £30m business park and hotel development at the eastern end of Edinburgh City Bypass called Lothian Park have been revealed.
King Sturge Office Markets 2010

05 March 2010

"In the most difficult 12 months for the economy in decades, office markets performed much better than expected a year ago. The long slowdown in letting activity and enquiries has been reversed in many markets and there are signs of a recovery in rents in London."
First tenant signs at Ealingcross

9 March 2010

Standard Life Investments’ Life Property Fund and Neptune Land have signed the first tenant at the Ealingcross office scheme at 85 Uxbridge Road, in Ealing, London.
BNP Paribas Real Estate Scottish Office Market: Winter 2010 Review

05 March 2010

"The recession has been much deeper than was anticipated. Total GVA (Gross Value Added) for Scotland contracted sharply by 4.4% in 2009, broadly in line with the national average. This year will see a slow recovery for the Scottish economy as output growth for the financial and business services is expected to remain weak until we see more stability in the financial markets. Forecasts also indicate that GVA growth in Scotland will lag behind the UK average over the medium term."
Cushman & Wakefield: Office Space Across the World 2010

05 March 2010

"The weakness in the global economy impacted on the occupational market in every corner of the world in 2009. Vacancy rates increased and, coupled with declining occupier demand, rents fell in the majority of markets as the pendulum swung firmly in the occupiers’ favour. Globally office market rents decreased by 10%, the first aggregated global fall recorded since 2003. No market escaped and rents were down in every region; a trend not previously seen."
Cushman & Wakefield: Impact of Taxation on Corporate Locations - is the UK losing its competitive edge?

05 March 2010

"Many companies no longer take the decision to relocate in isolation, but as part of a much larger strategic assessment of operations. The climate government create through tax policies and financial incentives is an important location factor and tax systems have frequently been used by governments to influence the behaviour of businesses and individuals."
King Sturge's Office Occupier Trends: Q4 2009 Overview

05 March 2010

"For 2009 as a whole, take-up nearly matched the 2008 level (0.4% lower). This exceeded earlier expectations given the overall state of the UK economy. It is even more surprising, given the very slow start – with only 2.4 million ft² of officefloorspace taken up in H1 2009."
Heron Plaza goes in for planning

5 March 2010

Gerald Ronson’s Heron International has submitted a planning application for its £500m Heron Plaza scheme in the city of London.
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.
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.
CBRE Monthly Property Index: March 2010

05 March 2010

A monthly index showing total returns and change in total returns across office, retail and industrial property as well as for all property.
CoreNet UK Workplace Committee Occupier Priorities Survey January 2010

05 March 2010

A presentation on what corporates look for and worry about when managing their property portfolios.
Manchester Council considers Spinningfields investment

4 March 2010

Manchester Council is planning to invest in the Spinningfields office district in order to accelerate development.
Business centre operator expands with technology park company buy

4 March 2010

Business centre operator Oxford Innovation Centres has bought the business development arm of Fasset, an operator of regional technology parks, as a part of a national expansion plan.
Public/private initiative brings Milk to Manchester

4 March 2010

Milk, a pan-European digital media agency, has become one of the first businesses to open an office in Manchester as a result of a new public and private sector initiative giving new investors 12 months’ free desk space.
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.
10 Brook Street sold for £30.2m

3 March 2010

Lancashire County Pension Fund has bought 10 Brook Street in London’s Mayfair for £30.2m, representing a 5.1% net initial yield.
Pinsent Masons completes deal at Greycoat’s Crown Place

3 March 2010

Pinsent Masons has completed its deal to occupy Greycoat’s 30 Crown Place scheme in the City of London.
King Sturge: London vs Zurich/Geneva: The Facts Behind the Fuss

26 February 2010

"Geneva and Zurich offer an alternative lifestyle and environment compared to Central London, but as London continues to vie with New York as the financial capital of theworld, many international firms simply cannot risk locating anywhere else."
Legal Ombudsman signs up for Birmingham office

24 February 2010

The Legal Ombudsman has signed up for a new 40,000 sq ft office at Targetfollow’s Baskerville House.
US Embassy design revealed

23 February 2010

Architect Kieran Timberlake has won the design competition for the new United States Embassy on the banks of the River Thames in London.
Invista agrees to buys West Brom BT office for £15m

22 February 2010

Invista Foundation Property Trust has agreed to forward purchase an office in West Bromwich, near Birmingham, for just under £15m.
London & Stamford sells Leeds office for £51m

22 February 2010

London & Stamford has sold 1 Whitehall Riverside in Leeds to NFU Mutual Insurance Society for £51.3m, around nine months after buying it for £37.6m.
Matterhorn Palos Partnership buy in Newcastle

19 February 2010

Matterhorn Palos Partnership, a joint venture between Simon Conway and Anthony Lyons and Brett Palos, has bought an office, leisure and retail block in Newcastle City Centre.
Maxim gets its first tenant

19 February 2010

Maxim, the giant 756,000 sq ft speculatively built office park near Glasgow, has signed its first office tenant.
CPC Group sells its Cromwell House office

19 February 2010

CPC Group has sold the freehold of its Cromwell House building, which is the HQ of Candy & Candy, to an owner occupier for just under £35m.
CB Richard Ellis: A comparative analysis of office markets in international financial centres

19 February 2010

"Despite being hit hard and early by the global financial meltdown London has been one of the first to bounce back, CB Richard Ellis’s analysis of office markets in international financial centre says. The report looks examines the effects of the recession on different financial centres, and focuses on Tokyo, Hong Kong, New York and London."
Canada Life submits Bristol office plans

18 February 2010

Canada Life has submitted a planning application for two new office buildings at the Aztec West Business Park near Bristol.
Regional markets as well as central London will see growth in next two years

17 February 2010

Regional office leasing markets outside London will see a recovery as the UK economy improves, but this is likely to be a result of declining supply rather than increasing demand, Jones Lang LaSalle has predicted.
M1 Real Estate buys London block for £175m

16 February 2010

Lebanese investor M1 Real Estate has bought Victoria house in Bloomsbury Square from Irish-based Moritz Group for around £175m.
Good news and bad news from Leeds office market in 2009

16 February 2010

The office market in Leeds had mixed fortunes in 2009, seeing the largest occupational deal for five years but also a fall in total take-up compared to the 10-year average.
Prupim buys Aberdeen development

15 February 2010

Prupim has bought the Acergy development in Westhill, Aberdeen from Stewart Milne Developments for £36m in the biggest commercial development sale in Aberdeen for almost two years.
CBRE has launched a northern development consultancy team

15 February 2010

CB Richard Ellis in Leeds has launched a northern development consultancy team.
GVA Grimley: UK Offices - Refurbishment vs. Redevelopment

12 February 2010

"Future regulatory and occupier requirements will increase the need and demand for existing offices to be refurbished. Meanwhile, prospective market trends would appear to favour the refurbishment of office space as a commercially viable alternative to redevelopment."
GVA Grimley Central London Offices Outlook 2010

12 February 2010

"The UK is at last emerging from the deepest recession since the 1930s. The latest consensus view from UK economists is for 1.3% growth in 2010 and 2% in 2011, well below the long-term trend rate of 2.7% pa, although the Bank of England expects 4% pa growth by early 2011. Whilst a sharper recovery is possible, and did indeed occur after thelast recession, the scale of public debt, consumer indebtedness and the willingness and ability of the banks to lend, is much greater today. ...
BNP Paribas Real Estate: Paris Office Market - January 2010

12 February 2010

"Office take-up in Ile-de-France dropped by 24% over one year to 1,811,000 m². This was largely due to the sharp decline in net absorption (-100,000 m² over 2009). The biggest deals of 2009 reflected large occupiers’ intentions to optimise and streamline the space used as well as the running building operating."
Cushman & Wakefield Business Briefing: Great Britain Capital Markets - Office and Industrial Overview

12 February 2010

"There was seismic improvement in sentiment in the second half of the year which significantly increased turnover and lead to dramatic capital growth. Whilst activity has been focused on the prime end of the market, towards the end of the year we began to see improved demand for secondary property where pricing has, in contrast to the prime market, appreciated less."
GVA Grimley Business Parks Review: Spring 2010

12 February 2010

"In the wake of the most severe recession since the 1930s the demand for office space on UK business parks remains unsurprisingly subdued. In the second half of 2009 the rate of take-up was below average and the amount of available office space rose significantly, while speculative development virtually ground to a halt. In addition, as a result of weak occupier demand and increasing supply, rental values continued to fall across the country."
GVA Grimley Economic and Property Market Review: Q1 2010

12 February 2010

"The supply/demand imbalance for good quality investment opportunities has continued to exert downward pressure on yields and we expect a strong double-digit return for 2010."
More occupiers on move in City lettings bonanza

12 February 2010

Law firms, banks and investment managers relocate within Square Mile and Mayfair
Green light for 270,000 sq ft Manchester office development

11 February 2010

A 270,000 sq ft redevelopment of Elizabeth house at St Peter’s Square in Manchester was today given the green light by Manchester City Council.
Barrie blogs on `the cloud’

11 February 2010

What will be the workplace of the future
Redevco sells Ignis House in Glasgow for £29m

9 February 2010

Redevco has sold Ignis House in Glasgow to Prupim for £29m.
Stenham completes 52 Grosvenor Gardens sale

9 February 2010

Stenham Property has sold 52 Grosvenor Gardens in London for over £40m to Aegon Asset Management.
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.
British Land secures Macquarie at Ropemaker Place

5 February 2010

British Land has tied up a huge City of London letting to Australian bank Macquarie Group.
Crown submits plans for next step in Regent Street revamp

5 February 2010

The Crown Estate has submitted planning applications to Westminster City Council for the £200m redevelopment of two blocks on the west side of Regent Street.
Bangkok Office Quarterly: Q4 2009

5 February 2010

"2009 has been a difficult year for the office sector. Vacancy rates increased on average by 3.35%, reflecting the difficulty most firms in the service sector have faced over the past year. In light of the economic climate most firms cancelled expansion plans and froze recruitment for all but the most essential positions."
F&C REIT: Market Review Outlook

5 February 2010

"The property market has seen a dramatic turnaround from mid 2009 to give a 2.2% total return for the full year. The recovery gained pace during the year and the December IPD Monthly total return was a record 3.6%."
Knight Frank's Hong Kong Prime Office Monthly Report: January 2010

5 February 2010

"Hong Kong’s office leasing market was relatively quiet during the December holiday season, but activity swiftly resumed in the first half of January. Demand came mainly from small and medium-sized finance companies, as many large financial institutions had over-expanded before the outbreak of the recent financial crisis."
RICS UK Commercial Market Survey: Q4 2009

5 February 2010

"Lettings activity for commercial property moved higher in Q4, for the second consecutive quarter. Net balances for enquiries, demand and confidence picked up at a faster pace. Of the sectors, retail property continues to lag with tenant demand still in decline across most regions outside of London and the South East."
Drivers Jonas gives up City instruction due to Deloitte merger conflict

4 February 2010

Drivers Jonas has stepped down as letting agent at Camomile Court in the City of London after landlord Mitsui & Co said a conflict had arisen because of the property services firm’s pending merger with Deloitte.
BlackRock seals 300,000 sq ft City deal

4 February 2010

BlackRock Investment Management has exchanged contracts with Canary Wharf Group and Exemplar Developments to occupy 292,418 sq ft of space at Drapers Gardens development in the City of London.
Henderson and Centurion increase business park value by 42% after new lettings

3 February 2010

The Henderson UK Property Fund and its joint venture partner Julian Rooth’s Centurion Properties, have secured a substantial uplift in the valuation of Bretby Business Park, near Burton-Upon-Trent, as a result of two new lettings.
Strathclyde Police considers Clyde Gateway HQ

2 February 2010

Strathclyde Police is in talks to relocate its new headquarters to a site by the River Clyde in South Dalmarnock.
Double-digit rental growth for London offices in 2010, says Knight Frank

2 February 2010

The central London office market could see record double-digit rental growth in 2010, according to Knight Frank.
DTZ Property Times: Bristol - Q4 2009

29 January 2010

"The development pipeline is now limited though some expected further real estate consolidation (notably from Lloyds/HBoS) suggests availability will peak in 2010 and prime headline rents will fall to £25 psf by the year-end."
DTZ Property Times: Cardiff - Q4 2009

29 January 2010

"The absorption of several large grade A floorplates and no newly marketed development completions meant that availability fell back in Q4 in the first significant drop since Q2 2008."
DTZ Property Times: Edinburgh - Q4 2009

29 January 2010

"City centre take-up picked up to 83,000 sq ft in Q4. Weak underlying transaction volumes in Q4 were significantly boosted when Wood MacKenzie took 40,000 sq ft of grade A space at 1 Exchange Place in the biggest and highest profile deal of the year."
WEST MIDLANDS TV: Opus Land on their latest deal, spec development and keeping green

29 January 2010

Opus Land's managing director Richard Smith and development director Gareth Williams spoke to Property Week TV about sustainability, speculative development and their latest building, a pre-let office development in Cannock.
WEST MIDLANDS TV: "Birmingham hasn't had its fair share of public sector inward investment"

29 January 2010

John Griffiths, co-founder of GBR Property Consultants, told Property Week TV that the public sector is vital to the West Midlands occupational sector, but that Birmingham has not had its fair share of inward investment.
European occupier markets’ cautiously optimistic, says Jones Lang LaSalle

29 January 2010

Europe’s economies continue to show encouraging signs of economic recovery, according to Jones Lang LaSalle’s Q4 2009 European Property Clock published today.
Energy Industries Council takes space at Albert Embankment

29 January 2010

CGIS Group has let 7,360 sq ft of space at 89 Albert Embankment, London.
Private Russian investor buys West End building for £3,300/sq ft

29 January 2010

A private Russian overseas investor has bought 27 Berkeley Square in London’s West End for around £21m, representing around £3,300/sq ft.
CB Richard Ellis Monthly Overview: Central London Offices - January 2010

29 January 2010

"Take-up in Central London in December reached 1.9 million sq ft; the highest level of monthly take-up since November 2008. Of the total, 73% of space let was secondhand with 19% in newly completed space and the remaining 8% pre-let. "Based on the 6-month rolling average, Central London take-up has increased from November 2009 by 21% and has improved in both the City and the West End by 26% and 12% respectively."
DTZ Property Times: Birmingham - Q4 2009

29 January 2010

"Some further release of space is expected from the private sector in 2010, but any speculative development is now already marketed as available. Hence availability is expected to peak in 2010."
DTZ Property Times: Glasgow - Q4 2009

29 January 2010

"Prime headline rents in the city centre are now likely to remain flat over the short term, given that availability is near its peak."
DTZ Property Times: Manchester - Q4 2009

29 January 2010

“Current requirements suggest that 2010 will be another difficult year for the lettings market. But reported transaction volumes are likely to increase in 2010, augmented by the 325,000 sq ft development of the Co-op group’s headquarters.”
Liverpool FC kicks off new commercial HQ

27 January 2010

Liverpool Football Club has signed up to move its commercial operations to Rumford Investments’ 20 Chapel Street building in Liverpool city centre.
Brum Kenmore site up for grabs

27 January 2010

The administrator of collapsed Scottish property group Kenmore has appointed an agent to advise on the strategy of a development site in Birmingham, which has planning permission for the tallest office tower outside London.
Cordea Savills buys Edinburgh Quay second phase

27 January 2010

Miller Developments and British Waterways have sold Quay 2, the second phase of Edinburgh Quay, to open-ended Luxembourg based fund Cordea Savills European Commercial Fund for £21.1m.
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.
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.
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.
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.
BNP Paribas Real Estate wins IBM contract

25 January 2010

BNP Paribas Real Estate has won the UK and Ireland mandate to manage IBM’s property portfolio in the UK and Ireland.
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%.
Network Rail gets green light for Milton Keynes HQ

22 January 2010

Network Rail has got the go-ahead for its new national centre at Milton Keynes.
London West End property sold at 4.22% yield

22 January 2010

A property in Mayfair, London is close to being sold at a yield of 4.22%, the lowest so far in the West End in the current rally in property prices.
Alliance Bernstein takes Segro space in London

22 January 2010

Investment management firm Alliance Bernstein has taken more space at 50 Berkeley Street in London’s West End and re-geared its leases instead of moving.
Wichford buys Bristol's Crescent Centre from Henderson

21 January 2010

Wichford has bought The Crescent Centre in Bristol from Henderson Global Investor’s CASPAR fund for £14 million.
London's West End back on top as world's most expensive office location

21 January 2010

London’s West End is once again the most expensive place to occupy an office, according to research from DTZ.
Leeds offices beat expectations off the back of the fourth quarter

21 January 2010

The strong fourth quarter of 2009 led to a better than expected leasing market in central Leeds, Sanderson Weatherall has said.
London office space availability declines says RICS

21 January 2010

The amount of London office space available to tenants has declined for the first time in two years as the London economy leads the country out of recession according to the RICS.
Canary Wharf Group takes majority control of Drapers Garden loan

20 January 2010

Canary Wharf Group has paid £112.8m to buy the majority share of the construction loan secured against the Drapers Garden development in the City of London.
Commerz Real buys Birmingham’s One Snowhill

20 January 2010

Commerz Real has bought One Snowhill in Birmingham for €130m for its 'hausInvest europa' fund.
2010 to favour the office market, says Jones Lang LaSalle

20 January 2010

Central London’s office market will see continued improvement in 2010 following a turbulent 2009, according to Jones Lang LaSalle’s latest office research published today.
London office rents will rise and no investment “double dip”, say Savills

20 January 2010

London will see rises in headline rents in both the City and the West End this year and next and investment should also keep going strong, according to the latest research from Savills.
Go-ahead for Inverness Airport Business Park

19 January 2010

A major redevelopment on a 618-acre site near Inverness has got the go-ahead from Highland Council.
BBC plans new production centre in Cardiff

19 January 2010

The BBC has identified a site in Cardiff for a new drama production centre for a range of its top programmes including Doctor Who and Casualty.
LandSecs to start three London developments

19 January 2010

Land Securities this morning revealed detailed information about the three London developments it will start this year for a total cost of £655m.
Former Singer & Friedlander banker to join Shard team

19 January 2010

Former banker Charles Mavor has joined the team developing the £2bn London Bridge Quarter as part of a trio of hires aimed at further strengthening the project delivery of the scheme, which includes the Shard skyscraper.
London boosted by active occupiers

15 January 2010

A flurry of major office lettings in the last three months have boosted London’s office market according to new figures from Cushman & Wakefield.
Marks & Spencer takes space at Spinningfields

14 January 2010

Marks & Spencer has taken a floor at Allied London’s 3 Hardman Street in Manchester for a Business Service Centre.
Stenham “flips” West End building for a profit

14 January 2010

Stenham Property has exchanged contracts to sell 52 Grosvenor Gardens in London’s Victoria to Aegon for more than £40m – after buying it just six months before for £25m.
CIT leads the charge for King's Reach Tower

14 January 2010

CIT Group is in talks to buy King’s Reach Tower, on the south bank of the River Thames in London.
Savills appointed to LandSecs' One New Change

14 January 2010

Land Securities has appointed Savills joint leasing agent on its 550,000 sq ft One New Change development in the City of London.
GE signs at the Ark

13 January 2010

GE has signed up to occupy 100,000 sq ft of its own building, the Ark in London’s Hammersmith, after the “white elephant” which has stood empty for much of its history failed to attract other tenants.
Downing sells £37m Leeds office to Aviva

13 January 2010

Liverpool-based property group Downing has sold Broadcasting Place in Leeds to Aviva for £37.7m.
Paddington Central final phase gets green light

12 January 2010

The final phase of the £600m Paddington Central development has got the green light from Westminster Council.
BT to open Tyneside business centre

12 January 2010

British Telecom is to open a 43,000 sq ft business centre for its local government operations headquarters in South Shields, Tynseide.
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.
Heron Tower gets BREEAM Excellent rating

11 January 2010

The Heron Tower has today been awarded a BREEAM Excellent rating.
Capita Symonds seals deal in Sheffield

11 January 2010

Consultancy company Capita Symonds has taken 15,000 sq ft at Velocity House in Sheffield in the first major office letting deal in Sheffield city centre this year.
MoD halts £50m Glasgow sale

8 January 2010

The Ministry of Defence has cancelled its sale-and-leaseback deal at Kentigern House in Glasgow.
Scottish Widows spends £30m in central London

8 January 2010

Scottish Widows Investment Partnership has bought two central London buildings worth just under £30m in total.
HIH to buy 100 New Bridge Street

8 January 2010

HIH Global Invest has placed under offer Degi’s 100 New Bridge Street scheme in the City of London.
Blackrock beats Macquarie to City’s Drapers Gardens

8 January 2010

Asset manager leaps to lease 210,000 sq ft scheme leaving Australian bank with few options
GE to sell 63 Brook Street after latest lettings

7 January 2010

GE Capital Real Estate and Grafton Advisors have let two floors at 63 Brook Street in advance of selling the Mayfair office.
RSPB spreads its wings in Edinburgh

7 January 2010

The Royal Society for the Protection of Birds Scotland (RSPB) has appointed Jones Lang LaSalle to look for its new Edinburgh headquarters.
Premier Property Group completes Glasgow sale

7 January 2010

Premier Property Group, the commercial property investment and development arm of Sir David Murray’s Murray International Holdings, has sold 141 Bothwell Street for £66.5m to Aberdeen Property Investors as tipped by Property Week (27.11.09).
Tottenham Court Road property swap

7 January 2010

Bedford Estates and fund manager Threadneedle have completed a property swap of holdings on Tottenham Court Road in London.
Hines and Network Rail release Cannon Street images

7 January 2010

Property developer Hines and Network Rail today released new images of their Cannon Place development at London’s Cannon Street station.
Invista's UK commercial property overview - December 2009

18 December 2009

"The direction of capital value movement has changed and point of inflection has occurred. Capital values are likely to stabilise over the next 6 months and thereafter remain broadly stable, although within the market there will remain a number of peaks and troughs as alternative sectors and regions of the UK perform quite differently moving forwards."
Birmingham office market dips in 2009

6 January 2010

Birmingham’s office market saw take-up of 657,280 sq ft in 2009 – down from record levels in 2008 but similar to 2007’s figures.
Dublin Airport Authority carries out Ireland’s biggest letting of 2009

6 January 2010

Dublin Airport Authority (DAA) has carried out the largest Irish commercial property letting of 2009 at Dublin Airport.
Telereal Trillium to sell £475m RBS portfolio

5 January 2010

Telereal Trillium has put a £475m portfolio of assets mainly let to Royal Bank of Scotland up for sale.
SEB buys in Brum and London

5 January 2010

Northern European investment services group SEB has bought an office building in Birmingham for €35.1m and a building in the City of London for €39.7m.
Two CBRE agents resign to join McCurley and Gibbon

5 January 2010

Two members of CB Richard Ellis’s central London investment team have resigned to join their former boss, Tony McCurley, and founder of BH2 Tony Gibbon in the pair’s new firm.
Bonus tax may lead JP Morgan to scrap London HQ

29 December 2009

JP Morgan may scrap plans to build a £1.5 billion headquarters in London because of concerns about the 50 per cent tax on bonuses and Britain’s regulatory crackdown.
Minerva completes major City pre-let

24 December 2009

Minerva today confirmed that it completed a major City of London pre-let to law firm Clyde & Co – giving full details of the terms for the deal.
Derwent London lands Innocent Drinks at Portobello Dock scheme

23 December 2009

Derwent London has let 24,270 sq ft of space at its Portobello Dock scheme in Ladbrook Grove to Fresh Trading, which is better known as Innocent Drinks, the makers of Innocent smoothies.
L&G buys Covent Garden portfolio

22 December 2009

Legal & General has bought £119.5m of Covent Garden properties from ING Covent Garden Limited Partnership.
SWIP secures largest Edinburgh office letting of 2009

21 December 2009

Wood Mackenzie has completed its 38,200 sq ft deal at Scottish Widows Investment Partnership’s Exchange Place 2, Edinburgh as tipped by Property Week (21.08.09).
BAE Systems signs up for record pre-let in North East

21 December 2009

Developers Highbridge have signed up BAE Systems for a £33m manufacturing and office facility at their Radial 64 site in the North-East.
SEB is buyer for Cushman’s Portman Square home

21 December 2009

Northern European investment services group SEB has emerged as the buyer of Cushman & Wakefield’s UK headquarters for £108m.
Coca Cola looks to Uxbridge as Pepsi stays put

18 December 2009

Coca Cola’s 100,000 sq ft pre-let search has narrowed to two sites – both in Uxbridge – as four other major South East requirements including Pepsi have elected to stay put and re-gear their leases.
Aerium apparent for Spinningfields

18 December 2009

Deka and Commerz Real also keen to buy Manchester scheme in latest vote of strength for regional offices
UK Border Agency completes major Liverpool letting

17 December 2009

The UK Border Agency has completed one of the largest ever deals in Liverpool City Centre.
Taylor Clark signs first tenant to Glasgow's 140 West George Street.

17 December 2009

Taylor Clark Properties has signed the first tenant at it 140 West George Street development in Glasgow.
Clyde & Co to move to Minerva's St Botolphs development

14 December 2009

Clyde & Co has agreed to prelet 145,000 sq ft of office space at Minerva's St Botolphs scheme in the City of London.
Israeli insurance groups complete £134m Norwich purchase

11 December 2009

Two Israeli insurance groups have bought the former Norwich headquarters of Norwich Union from Telereal for £134.4m.
Government takes major Cheshire prelet

10 December 2009

Developer Marshall CDP, part of the marshall Construction Group, has signed the government to a 157,000 sq ft office development in Warrington, Cheshire.
Edinburgh conference centre extension gets go-ahead

10 December 2009

Councillors yesterday unanimously granted planning consent to the enlargement of Edinburgh International Conference Centre.
Canary Wharf Group sells 5 Churchill Place

9 December 2009

Canary Wharf Group has agreed to sell its long leasehold interests in 5 Churchill Place for £208m to a limited patnership owned and controlled by a Middle Eastern private investor based in Bermuda.
Hanseatic Funds to buy 5 Chancery Lane

8 December 2009

German fund manager Hanseatic Funds has placed Ignis Asset Management’s 5 Chancery Lane in London under offer for around £49m at a yield of 6.6%.
BT calls up Stoford’s All Saints

8 December 2009

British Telecom has signed up as a 75,000 sq ft pre-let at Stoford’s £75m All Saints office scheme in West Bromwich.
CB Richard Ellis's The Pharamaceutical Sector: Real Estate Implications of Industry-Wide Change

04 December 2009

"CBRE’s survey of key industry decision makers demonstrates that the top ten global pharmaceutical (pharma) companies occupy at least 430m sq ft of office, manufacturing and specialist research space around the world, of which approximately 75% is owned - one of the highest ownership ratios of any corporate sector."
Allianz to occupy large City of London scheme

4 December 2009

Commerzbank is in advanced negotiations to assign its lease at 60 Gracechurch Street in the City of London to insurance group Allianz.
London’s West End is world’s most expensive office market

1 December 2009

The West End in London has again been crowned as the world’s most expensive office market, according to research from CB Richard Ellis.
Yorkshire Water seals deal in Leeds

1 December 2009

Yorkshire Water has taken 57,000 sq ft in Leeds in the city centre’s largest deal for five years.
Higgs & Sons settles on new office at Brierley Hill

30 November 2009

Law firm Higgs & Sons has signed up to move to offices at Westfield’s 3 Waterfront Business Park in Brierley Hill in the West Midlands.
Terrace Hill sells Covent Garden office for £16m

27 November 2009

Terrace Hill has sold Kean House in London’s Covent Garden for £16m.
BPF IPD Annual Lease Review

20 November 2009

"This twelfth edition of the BPF / IPD Annual Lease Review draws upon detailed evidence of 75,000 tenancies. It encompasses a full analysis of lease lengths, break clauses, rent free periods and income profiles. The analysis has now been extended to incorporate the 8,995 new leases granted between January 2008 and March 2009."
IPD Conference: More than £900m of UK rent coming from high or maximum risk covenants

26 November 2009

More than £900m worth of UK commercial property annual rents are provided by tenants classified as having a ‘high’ or ‘maximum’ covenant risk, the IPD has said.
Cushman poaches JLL West End agency head

26 November 2009

Jones Lang LaSalle’s head of West End office agency has been poached by Cushman & Wakefield.
Bank of China buys £100m One Lothbury

26 November 2009

Bank of China has bought One Lothbury in the City of London for £100m.
Anvic Developments gets to Works in Manchester

26 November 2009

Serviced offices company Anvic Developments has bought The Works serviced office centre in Manchester for an undisclosed sum.
Evans Randall to sell Milton Gate for £157m

26 November 2009

Investment bank Evans Randall is poised to sell its Miltongate development in the City of London to a Spanish insurance company at a profit less than six months after it bought the property.
CBI/GVA Grimley Corporate Real Estate Survey

20 November 2009

"The Autumn 2009 Survey suggests a degree of optimism for some businesses over the course of the next two years. In the short term output has improved but employment remains negative."
Santander signs in Gateshead

24 November 2009

Developers City and Northern and Robertson has signed three tenants to its Baltic Place scheme in Gateshead.
John Lewis signs at Hamilton International

23 November 2009

John Lewis has signed to take 40,000 sq ft at HF Developments’ Hamilton International Park, near Glasgow, as tipped by Property Week.
Brent Cross Cricklewood £4.5bn plans approved

20 November 2009

Outline plans for one of London’s largest ever proposed regeneration schemes at Brent Cross Cricklewood were approved last night by councillors at Barnet Council.
200,000 sq ft office requirements launch in Staines as Landid scheme gets green light

20 November 2009

Two occupiers have launched office searches totalling 200,000 sq ft in Staines – in the same week as a 380,000 sq ft office-led scheme in the town centre won detailed planning consent.
Conygar buys £44.6m offices portfolio

19 November 2009

Robert Ware’s Conygar Investment has bought the “Lamont” portfolio for £44.6m from the administrator of a Jersey-based private investor fund.
Sackville bags Belron at Milton Park

18 November 2009

Sir John Madejski’s Sackville Developments has sold its newly completed 36,835 sq ft office development at Milton Park, Egham.
Greenwich Council kicks off Olympic office initiative

18 November 2009

Greenwich Council is launching an initiative to promote new office space at Peninsula Central to occupiers in the run up to the 2012 Olympics.
Starwood Capital buys City Tower and appoints Cushman & Wakefield

17 November 2009

US private investment company Starwood Capital Group Global has completed the purchase of Prupim’s City Tower at 40 Basinghall Street in the City of London for around £30m.
European banks’ office take up down by 53% but London bounces back

16 November 2009

Banks’ take-up of office space in the Europe was down 53% during the last six months but the rate of decline in take up has slowed according to Cushman & Wakefield.
HSBC confirms £772m sale of Canary tower to Korean fund

13 November 2009

HSBC Bank has confirmed today it has agreed the sale of its tower at 8 Canada Square to the National Pension Service of Korea (NPS) for £772.5m.
Land Securities’ Arundel Great Court scheme gets green light

13 November 2009

Land Securities has been granted full planning consent for its 1m sq ft mixed use development of Arundel Great Court at appeal.
Brum market driven by smaller deals

13 November 2009

Birmingham’s office leasing market will be driven by market churn in the sub-10,000 sq ft market over the next year, with some new larger requirements, according to Jones Lang LaSalle.
Three portfolios for sale

13 November 2009

More than £150m of property spread across three portfolios has been put up for sale this week.
Savills Commercial Development Activity - November 2009

13 November 2009

"Commercial development rebound continued as total activity rose at sharpest pace since July 2007."
London rents set to jump 10-15% next year according to Drivers Jonas

12 November 2009

A lack of new development in London will lead to a jump in prime rents next year according to the latest London Crane Survey from Drivers Jonas.
Delancey buys half of Royal Mint Court in the City

11 November 2009

Delancey has swooped for a 50% stake in the 5.5 acre Royal Mint Court office complex near the Tower of London.
Cheshire Council buys new HQ

11 November 2009

Cheshire West and Chester Council have bought a new headquarters building in the city in a £19m deal.
Major redevelopment of News International’s “Fortress Wapping” approved

11 November 2009

News International’s plans to redevelop its Wapping HQ in East London have been approved by the London Borough of Tower Hamlets.
Hutchison Whampoa to move forward with Deptford scheme

9 November 2009

Hutchison Whampoa has announced plans to move forward with the regeneration of Convoys Wharf, a key site for regeneration in the London borough of Lewisham.
L&G Property snaps up Stockley Park office

6 November 2009

Legal & General Property has bought No 4 The Square in Stockley Park from Ropemaker Properties, the property holding company of BP Pension Fund.
"Ransom” strip investors fight Heron Quays CPO

6 November 2009

Two investors fighting a compulsory purchase order have failed in an eleventh hour bid to sell sites they own at Heron Quays West ahead of a public inquiry.
Tritax investors exchange for Brindleyplace

6 November 2009

A group of private investors put together by Tritax have exchanged contracts to buy three buildings at Birmingham’s Brindleyplace for £101m, reflecting a yield of 7.16%..
CB Richard Ellis UK Monthly Market Index

06 November 2009

CB Richard Ellis's monthly market index looks at the change in returns for office, industrial and retail property, and this mark shows a positive change in returns across all property of 2.7%.
CoStar Investment Bulletin Q3 2009

06 November 2009

"Investment activity is gathering pace as investors look to enter the market at the lowest point in the cycle. Deal volumes are now rising and a total of £6.1bn was sold in Q3 2009."
CB Richard Ellis replaces Cushman on two Minerva schemes

5 November 2009

CB Richard Ellis has been instructed as leasing agent on Minerva’s Walbrook and St Botolphs developments in the City, replacing Cushman & Wakefield.
Rob Madden cancels Doherty Baines move to stay at CBRE

4 November 2009

Rob Madden, head of office agency at CB Richard Ellis in the UK, has cancelled his move to Doherty Baines, and is to stay at the firm.
Rockspring and Koreans buy two London offices for £268m

2 November 2009

Rockspring Property Investment Managers has completed the purchase of two large Central London office properties for a combined £268m on behalf of the National Pension Service Central London Property Limited Partnership fund.
Law firm to open Manchester office

2 November 2009

Law firm Barlow Lyde & Gilbert has opened its first office in the north of England in Manchester city centre.
City and West End office take up increases says Knight Frank

30 October 2009

There has been an 80% increase in take up in the City of London during the third quarter according to figures released by Knight Frank today.
UK regional office take-up grows by 150% in Q3

30 October 2009

UK regional office take-up increased 150% in between July and September this year, according to DTZ Research’s latest UK regional office market updates.
Lettings flurry at Ironmonger Lane in City of London

29 October 2009

MBK Real Estate Europe has taken five floors at 11 Ironmonger Lane in the City of London.
Your Space proposes company voluntary arrangement

29 October 2009

Serviced offices group Your Space is proposing a company voluntary arrangement (CVA) to battle financial problems caused by decreased occupational demand.
Glasgow’s 141 Bothwell Street fully let

28 October 2009

Premier Property Group has completed deals totalling almost 80,000 sq ft at its 141 Bothwell Street building in Glasgow, leaving the building 100% occupied five months after practical completion.
Tesco Bank takes 100,000 sq ft at Quorum

28 October 2009

Tesco Bank has signed up for 100,000 sq ft at Quorum Business Park in Newcastle in a major deal for the region.
CB Richard Ellis's UK Regional Office Centres Marketview - October 2009

23 October 2009

"Against the backdrop of greater economic uncertainty and rising unemployment, it is unsurprising that demand for office space across the regions was subdued during the first half of 2009. A total of 1.3m sq ft was let, which equates to 30% of the 4.3m sq ft total for 2008."
DTZ's Property Times Report: Central London - Q3 2009

23 October 2009

"Overall, economic conditions are expected to stabilise, but not return to ‘normal’ for some time, while uncertainty about demand continues. Investment in land and buildings are weaker than hitherto expected, especially in the banking sector."
Savills' Brussels office market report: Q3 2009

23 October 2009

“Although some key deals this quarter should re-ignite confidence in the investment market, the lack of prime assets could see some keen players competing, which could even cause some yield compression in the top-tier market. However, overall market conditions will not improve much more until 2010.”
Green light for £70m Liverpool scheme

27 October 2009

Liverpool City Council has given the green light for a £70 million office complex on a strategic site in the city.
Carlyle and Abstract Nikal submit Salford plans

27 October 2009

Carlyle Group and joint venture partner Abstract Nikal have submitted a planning application for a site in Salford which includes the £25m regeneration of Soapworks, the former Colgate factory.
Blok builds ‘green wall’ at its Rhubarb scheme in Digbeth

27 October 2009

Developer Blok Properties has erected a ‘green wall’ at its new office development, Rhubarb, on Heath Mill Lane, in Digbeth, Birmingham.
Trebor and Wrenbridge selected to speculatively build in Hemel Hempstead

27 October 2009

Dacorum Borough Council has appointed Trebor Developments and Wrenbridge Land as its preferred development partners to carry out a speculative development in Hemel Hempstead.
LaSalle Paris Office Ventures fund makes its €100m Paris debut

27 October 2009

LaSalle Investment Management's LaSalle Paris Office Ventures (LPOV) has made its first purchase in Continental Europe with the purchase of Le Blériot office building in Suresnes, Paris for around €100m.
Redevco’s £65m Glasgow plan rejected

27 October 2009

Glasgow City Council has refused planning permission for Redevco’s £65m redevelopment of George House in the city.
Capella gets go ahead for £100m Glasgow scheme

26 October 2009

Capella Group has been given the green light for its £100m Atlantic Square project in Glasgow.
Paddy Power runs book on sale of Burberry HQ

22 October 2009

Online betting firm Paddy Power is running a book on what sale price will be achieved for the former Burberry headquarters at Haymarket in London.
LaSalle sells LandSecs HQ

22 October 2009

LaSalle Investment Management has sold 5 The Strand for £44m.
Net-a-Porter to move HQ to Westfield London

22 October 2009

Online fashion company Net-a-Porter has signed up to move its head quarters to Westfield London.
Legal & General buys in Staines

22 October 2009

Legal & General Investment Management has bought four office buildings in Staines for £24.2m.
Dwr Cymru Welsh Water completes Cardiff’s biggest office deal in eight years

21 October 2009

Dwr Cymru Welsh Water has bought 75,000 sq ft of offices in Cardiff’s biggest office investment deal in eight years.
Richards honoured at Offices Awards

21 October 2009

John Richards, former chief executive of Hammerson, was honoured at the Office Development Awards last night for his “outstanding contribution” to the property sector.
Offices 09: Visions of the future for occupiers

21 October 2009

The office market could change dramatically with flexibility the key, according to Regus chief executive Mark Dixon.
Pharmaceuticals firm moves to Chiswick Park

20 October 2009

Ranbaxy Laboratories is relocating its European headquarters to Chiswick Park where it has taken 5,000 sq ft in Building 4.
Evans Easyspace appoints Knight Frank across its UK business centres

20 October 2009

Evans Easyspace has appointed Knight Frank to market its UK portfolio of business centres.
New letting at 54 Hagley Road in Birmingham

20 October 2009

The Online Computer Library Center has taken just over 5,000 sq ft of space at Mercia Real Estate’s 54 Hagley Road, Edgbaston. The building has recently undergone a £15m refurbishment.
Offices 09: Time could be right for development in London

20 October 2009

A lack of supply in London could make development viable in the near future, according to some of the capital's top developers.
Cap&Reg sells HQ

20 October 2009

Capital & Regional has sold its HQ at 10 Lower Grosvenor Place to Kardamyla Holdings for £10.5m.
Offices 09: Regional cities to suffer

20 October 2009

Development in regional cities will become more difficult as an overhang of stock begins to dominate the market. That was the consensus of property leaders at Property Week's Offices 09 conference.
Offices 09: Business parks still have a future

20 October 2009

There is still a future for business parks despite the pressures of the sustainability agenda and the government's desire to support town centres.
Offices 09: PWC property chief says occupiers and landlords must be partners

20 October 2009

Paul Harrington, real estate director of PricewaterhouseCoopers and president of the UK chapter of Corenet, said both occupiers and landlords would benefit from working together.
Offices 09: Ronson says "Time to be professional"

20 October 2009

Gerald Ronson, chief executive of Heron International, said the industry needs to become more professional to prosper on the way out of the recession.
Offices 09: Bootle is bullish, but not too bullish

20 October 2009

Economist Roger Bootle forecast a modest recovery for the economy and the property industry over the next couple of years, but warned that the pain was not over yet.
Green light for 2.3m sq ft Cambridge Biomedical Campus

20 October 2009

Plans for the 2.4m sq ft Cambridge Biomedical Campus development in Cambridge have been given the green light by Cambridge City Council.
British Land buys £40m office in London’s West End

19 October 2009

British Land has bought 39 Victoria Street in London’s West End for £40.3m.
Kajima buys in London

19 October 2009

Kajima Properties has bought 103 Mount Street in London’s Mayfair from Prupim for just over £31.5m.
South East office market set to recover first

16 October 2009

The South East office market should recover from the credit crunch quicker than other regions due to refurbishment opportunities according to BNP Paribas Real Estate.
West End firms seek space

16 October 2009

A host of major West End occupiers including consultancy firm Cap Gemini and retailer Debenhams are considering relocations as they seek to take advantage of historically low rents in London.
CB Richard Ellis's Monthly Market Index: October 2009

16 October 2009

CB Richard Ellis's monthly market index looking at total returns and change in returns across offices, retail and industrial property.
Colliers CRE: Birmingham Offices Net Stock Absorption - Autumn 2009

16 October 2009

"Net stock absorption of offices was down by 86,975 sq ft for H1 2009, although this was a marked improvement upon the previous six months when occupation fell by over 260,000 sq ft."
Colliers CRE:Central Leeds Offices Net Stock Absorption - Autumn 2009

16 October 2009

"Net stock absorption in Leeds fell to -107,995 sq ft in the first half of 2009. The Southern Gateway submarket saw absorption rise by 41,947 sq ft but in the City Core occupation levels fell by 115,889 sq ft."
One New Change topped out

15 October 2009

Land Securities this week celebrated the topping out of its 560,000 sq ft One New Change scheme.
Segro gets green light for £600m master plan

15 October 2009

Slough Borough Council has issued a resolution to grant consent for the first phase of the 20-year ‘Vision for the Future’ development plan to transform Slough Trading Estate.
Leeds office take-up doubles says JLL

15 October 2009

Leeds city centre office take-up doubled in the third quarter of the year compared with the previous quarter, according to research from Jones Lang LaSalle.
Aviva signs first tenant at Cardiff’s 3 Assembly Square

14 October 2009

Aviva has signed its first tenant at its 3 Assembly Square office development at Cardiff Waterside in Wales.
Take up in Glasgow increases fourfold in last quarter, says JLL

14 October 2009

Office take up in Glasgow more than quadrupled in the third quarter of 2009 compared to the second quarter, according to Jones Lang LaSalle research.
Derwent seals pre-let deal at Charlotte Building

14 October 2009

Derwent London has pre-let part of the Charlotte Building at 17 Gresse Street in London’s West End.
First tenant at Edinburgh's Tanfield

14 October 2009

Carlyle Group and Bellhouse Joseph have achieved their first letting at the newly refurbished Tanfield office scheme in Edinburgh.
Brum council deal boosts take-up

13 October 2009

Take up in Birmingham in the third quarter of 2009 jumped to just over 340,000 thanks in part to the conclusion of a major office deal with Birmingham City Council.
Savills: European Office Markets - Autumn 2009

9 October 2009

“Economic sentiment is improving, but the recovery is expected to be slow. Take-up picked up in some locations in the second quarter of 2009 but is considerably lower compared to last year, while average rental growth remains negative. We do not expect these trends to change significantly over the next six months.”
DevSecs completes £48m deal in Manchester

12 October 2009

Rainy City Properties has taken formal ownership of Development Securities’ Peninsula development in Manchester.
Flood of empty London office space is subsiding, says NB Real Estate

12 October 2009

The flood of vacant office space in the City of London is beginning to subside and the investment market is also looking up in the capital, according to NB Real Estate.
Paul Smith opens in Marylebone High Street and lets office in Savile Row

9 October 2009

Sir Paul Smith, the British designer, has opened a second accessories and shoe store in London.
Colliers CRE: Glasgow Net Stock Absorption - Autumn 2009

9 October 2009

"The Glasgow office market has seen overall occupation of space fall marginally by 37,439 sq ft across the central and outer cores. In the past two years however, Glasgow has seen absorption increase by 122,626 sq ft."
Colliers CRE: Manchester Offices Net Stock Absorption - Autumn 2009

9 October 2009

“The second half of 2009 is already being marked by an encouraging increase in activity. Recent deals to Watson Wyatt, Beachcroft and the Strategic Health Authority for Grade A product have helped to underpin increasing occupier demand.”
Wakefield green light for council offices

8 October 2009

English Cities Fund, a partnership between Muse Developments, Legal & General and the Homes and Communities Agency, has been given the green light for the second phase of its Merchant Gate scheme in Wakefield.
Boris green light for 63-storey Isle of Dogs tower

8 October 2009

Boris Johnson has approved a 63-storey tower on the Isle of Dogs, despite Tower Hamlets rejecting the plans.
Clearswift extends at Goodman's Arlington

8 October 2009

Information security services firm Clearswift Systems has extended its occupation at Goodman’s Arlington business Park by ten years.
M25 Office Market Stabilises says Knight Frank

7 October 2009

The M25 office market has experience increased investor interest and seen headline rents stabilise in the third quarter of the year according to Knight Frank.
EXPO 2009: Romania still suffering, say experts

7 October 2009

Romania's property market is showing no signs of 'unblocking' as the country faces value falls of up to 50% across all sectors from peak levels, panellists at the EXPO REAL investment forum agreed.
CBRE Investors sells Regent Street block for £30m

7 October 2009

CB Richard Ellis Investors has sold Mutual House on Regent Street in London for £30m to a private overseas investor.
Development Securities seals Paddington deal with AstraZeneca

7 October 2009

Development Securities has signed an agreement to lease 50,000 sq ft of office space at Two Kingdom Street in PaddingtonCentral to global pharmaceutical company AstraZeneca.
Government unveils final details of Carbon Reduction Commitment

7 October 2009

The government has revealed the final rules for the emission trading scheme that will hit 5,000 UK businesses on 1 April 2010.
EXPO 2009: ProLogis European president delivers Great Britain rallying cry

6 October 2009

ProLogis's European president Philip Dunne today delivered a rallying cry for the property industry.
King Sturge puts Spanish arm into liquidation

5 October 2009

King Sturge has put the Spanish arm of its business into liquidation.
HSBC confirms sale of New York tower

5 October 2009

HSBC and Israel’s IDB Group have confirmed they have exchanged contracts to carry out a sale and leaseback of the bank’s HQ in New York, USA.
Deep Heat for Centralpoint

2 October 2009

The Mentholatum Company has taken 64,635 sq ft at TAL CPT Land Development’s Centralpoint at the Eurocentral junction of the M8, near Glasgow.
Savills: Ile-de-France office market

02 October 2009

“The activity in both the tenant and investor markets remain very low compared to 2008. Some signs of recovery are however perceptible this quarter, notably in the prime segment.”
Countryside plans £1bn Essex community

1 October 2009

Countryside Properties and housing association L&Q are planning a £1bn neighbourhood in north east Chelmsford.
CBRE Investors sells £17.2m Leeds office

29 September 2009

CB Richard Ellis Investors has sold One Leeds City Office Park to Credit Suisse for £17.2m.
Manchester’s Belvedere hooks two new tenants

29 September 2009

Two financial tenants have signed up to move to Orchard Street Investment Management’s Belvedere building in Manchester city centre.
Henderson Global Investors: Central London Office Update - September 2009

25 September 2009

"Opportunities are emerging across the broader spectrum of London offices, outside the traditional safe haven of long-lease, bond-style investments. Astute investors lie poised to exploit mis-pricing opportunities as the turning point in capital values is reached."
Knight Frank Prague Office Market Report: H1 2009

25 September 2009

"With take-up of 105,346 sq m recorded in the first half of 2009, leasing activity in the Prague market has slowed compared with last year. The market has become increasingly shaped by the activities of companies renegotiating their lease terms or subletting office space."
HSBC tower close to £800m sale

26 September 2009

Two consortiums, including one from South Korea, are vying to carry out a sale and purchase leaseback of the HSBC tower in London for around £800m.
UBC founder Grace launches new Helical Abbeygate backed serviced office company

24 September 2009

United Business Centres founder Philip Grace has launched a new serviced offices venture, backed by Helical Bar and Abbeygate.
Aker signs in Aberdeen at Miller Cromdale's offices

24 September 2009

Miller Cromdale, the joint venture between Miller Developments and Cromdale, has completed Aberdeen’s largest office letting this year at its Freedom House scheme in Old Ford Road.
German fund manager buys Ernst & Young's Brussels HQ

24 September 2009

Real I.S has bought Ernst & Young’s Brussels headquarters, signalling its return to the Belgian market after eight years.
LaSalle completes Slough scheme

24 September 2009

LaSalle Investment Management has completed a new 98,830 sq ft headquarters office in Slough.
GPE buys £46m City office

24 September 2009

Great Portland Estates has exchanged contracts to buy 90 Queen Street in the City of London for £45.8m.
Green light for £80m Hawks Park in Leeds

23 September 2009

CalEast Global Logistics and Barwood Developments have won detailed planning permission for the first phase of the £80m Hawks Park employment site in Garforth, near Leeds.
Bain Capital signs up for large West End letting

23 September 2009

Private asset management firm Bain Capital has signed to take 41,500 sq ft at Devonshire House in London’s West End at a rent of £90/sq ft – thought to be the largest in terms of space ever signed at this level of rent.
LaSalle lets 6,600 sq m in Paris

18 September 2009

LaSalle Investment Management has let a large a unit within the Delage office building in the north west of Paris.
British Land exchanges on Blackstone's £77m Broadgate purchase

18 September 2009

British Land today exchanged contracts to sell 50% of its Broadgate estate to Blackstone for £77m.
Westminster ponders head office relocation

18 September 2009

Council in talks with Land Securities over move from City Hall
H2SO and Knight Frank appointed as agents on 175-179 Oxford Street scheme

16 September 2009

Salmon Harvester Properties and NFU Mutual have hired new central London agency H2SO and Knight Frank to lease its office element of the £35m development at 175-179 Oxford Street, London. The pair replace DTZ.
H2SO launches today

15 September 2009

H2SO, a new commercial property consultancy firm, has launched this morning.
CB Richard Ellis Investors to sell City office portfolio

11 September 2009

CB Richard Ellis Investors has instructed DTZ to market the sale of its City of London ‘Houndsditch’ office portfolio for £33.5m at a yield of 11.6%.
Co-op green light for Manchester HQ

11 September 2009

Co-operative Group was last night given planning permission for a 325,000 sq ft headquarters in Manchester.
CoStar City Office Market Update: September 2009

04 September 2009

'The City office market has continued to attract the larger transactions during the summer; one notable deal is at Bow Bells House, Bread Street where Aberdeen Asset Management has taken 70,000 sq ft on a new 15 year lease. However, this was soon trumped by the completion on the deal at Watermark Place for 547,000 sq ft by Nomura, making this the biggest office deal in the UK in 2009.'
CoStar West End Office Market Update: September 2009

04 September 2009

'The West End Office market has in recent years failed to meet the demands of occupiers, during the recession building projects have continued with 210,500 sq ft due to come onto the market over the next 12 months, in fact 95% of this is due in 2009.'
Hammerson takes out option to buy prize Square Mile site

11 September 2009

REIT negotiates agreement with City of London to purchase site following JP Morgan HQ plan failure
Savills' Office Occupier Survey: Summer 2009

04 September 2009

'The recession has meant occupier focus has returned to the property fundamentals - cost, quality and location.'
Savills Commercial Development Activity Update: September 2009

10 September 2009

'August data pointed to a rebound in commercial development, as highlighted by the first month-on-month rise in activity since October 2007.'
Manchester head of planning urges green light for Co-op HQ plans

10 September 2009

Manchester City Council’s head of planning has recommended that Co-operative Group’s 14-storey new headquarters should be granted planning consent.
Workspace Glebe JV partner in liquidation

10 September 2009

A Glebe subsidiary company and joint venture partner with Workspace Group has been placed into voluntary liquidation.
Henry Boot Developments completes £19m of deals

10 September 2009

Henry Boot Developments has sold three recently completed schemes in Merseyside, York and Stoke-on-Trent for £19m.
Land Securities confirms letting at major City scheme

9 September 2009

Land Securities has let 18,012 sq ft of office space to Cadawalder, Wickersham & Taft at its Dashwood office scheme on Old Broad Street in the City of London.
Western Corridor at risk of ‘dot.com type bust’, says JLL

9 September 2009

The Thames Valley office market could witness a repeat of the effects of the 2000 dot.com bust, according to a report by Jones Lang LaSalle.
Office market woes easing says NB Real Estate

9 September 2009

The risk of companies flooding the office market with excess space may be easing, according to NB Real Estate.
Regent Developments launches Nottingham office scheme

8 September 2009

Regent Developments has begun plans to develop an office scheme at a key location on Junction 25 of the M1 motorway near Nottingham.
CB Richard Ellis Marketview: Northern Ireland - Q3 2009

7 September 2009

'The economy in Northern Ireland has not been immune to the global downturn and is likely to decline by as much as 4% in 2009. The pace of economic decline now appears to be easing however with a modest improvement in performance expected in 2010, although recovery will undoubtedly be slow.'
Northern Ireland's property market improving says CBRE

7 September 2009

Northern Ireland's property market has begun to improve after a challenging first six months of the year according to CB Richard Ellis.
Merseytravel calls on CBRE for surplus space

4 September 2009

Merseytravel has appointed CB Richard Ellis to dispose of its existing headquarters in Liverpool ahead of its move to Mann Island.
Network Rail full steam ahead on Milton Keynes HQ

4 September 2009

Network Rail has unveiled the first images of its new national centre in Milton Keynes.
CoStar Manchester Office Market Update: September 2009

04 September 2009

’The Manchester Office Market has picked up during the summer months to amass a total of 131,506 sq ft in take up for the quarter so far. However, vacant space remains at 4.2 million sq ft, as new space to the market nears parity with take up.’
Greenest office on Horizon

04 September 2009

Westmark’s Horizon House in Bristol has been named ‘greenest’ office in the UK
Ministry of Justice puts hub hunt on ice

04 September 2009

Search for regional base shelved in favour of asset management
Savills' Manchester Office Survey - Summer 2009

04 September 2009

’Manchester office market proves resilient compared to other office locations. Investor interest has returned for prime office stock.’
Top film producer buys London office

04 September 2009

Judy Craymer and Littlestar Services, the company behind the smash hit film Mamma Mia, has bought the 7,024 sq ft 32/33 St James’s Place in London’s West End for £6m for its own occupation
ING buys Umbro HQ in Manchester

2 September 2009

ING Real Estate Investment Management, acting on behalf of Skandia Property Fund, has bought Umbro’s global headquarters in Manchester.
Crown Estate buys Helical’s £34m Regent Street leasehold

2 September 2009

Helical Bar has sold its interest in Rex House on London’s Regent Street to the Crown Estate for £34m.
EMEA development completions to peak in 2009 says CBRE

2 September 2009

Many office development schemes Europe, Middle East and Africa (EMEA) are due to complete this year and completion levels this year are likely to exceed those in 2008, according to CB Richard Ellis.
CB Richard Ellis Marketview: EMEA Office Occupier - Q2 2009

2 September 2009

'Take-up across Europe in the first half of 2009 was around 40% down on the same period last year and is on course to show a significant year-on-year contraction relative to 2008. Occupiers remain cautious about real estate commitments across most sectors and markets, reflecting a growing need to contain costs. Large-volume requirements are particularly scarce in most markets.'
Nomura completes Watermark Place deal

1 September 2009

Nomura has completed a deal to occupy the whole of Watermark Place office building in the City of London in one of the biggest ever speculative lettings.
BNP Paribas Real Estate: South East Office Market - Q2 2009

21 August 2009

'There is no doubt that the market will remain difficult for the remainder of the year and this will continue well in to 2010 as well. Popular sentiment suggests that the Occupier market tends to lag around 12 months behind the investment market. With many taking a more positive outlook on the investment market, history may suggest that we may not be seeing a return to a better occupational market until June next year'.
DTZ: 'Changes to VAT offer opportunities for investors and occupiers.'

21 August 2009

'Since 1 August 2009 landlords of commercial property have another tool available to them in their bid to combat vacancy rates. Owners can now opt to remove the VAT payable on sales and lettings as the twenty-year lock-in has come to an end.'
News International and LandSecs’ finalise deal

27 August 2009

News International has taken 192,000 sq ft of space at Land Securities and The Cadillac Fairview Corporation’s Thomas More Square.
West End start-up gets name, office and new partner

26 August 2009

The new West End firm set up by Paul Smith, David Hanrahan, John Olney and Rob Hayes, has recruited a new partner, agreed a name and secured an office.
Derwent London secures Fitzrovia prelet

25 August 2009

Derwent London has secured a 12,200 sq ft pre-let at 45 Whitfield Street in London's Fitzrovia to Target Media Group
London & Stamford refinances One Fleet Place

21 August 2009

London & Stamford Property has completed a £55.3m refinancing of its City of London office building, One Fleet Place, with Santander Corporate Banking.
Two thirds of businesses hit by swine flu, says Eversheds

21 August 2009

Two thirds of the FTSE 500-listed businesses have reported ‘swine flu absenteeism’ since the pandemic hit, according to law firm Eversheds.
Ahouvi eyes Leeds office

21 August 2009

Liverpool-based Downing is in talks to sell its Broadcasting Place office building in Leeds for around £35m to Israeli investor Igal Ahouvi
Blackstone on brink of Broadgate stake buy

21 August 2009

Private equity firm in advanced talks with British Land for £150m purchase
Government occupiers light up Leeds and Sheffield

21 August 2009

Sluggish Yorkshire office markets given shot in arm by government department lettings
ING touches Wood for City sale to Rockspring

21 August 2009

Fund manager in talks for third time to sell 88 Wood Street in ‘stapled’ deal
IVG completes 'largest ever' Glasgow letting

20 August 2009

IVG has completed the ‘largest office letting transaction’ in Glasgow’s history to Tesco Personal Finance.
Mirax assets frozen over $242m loan

20 August 2009

A Moscow court has frozen the assets of two of developer Mirax Group’s subsidiaries following the company’s failure to repay a $242m loan.
Lancashire £1.35bn regeneration plans given green light

20 August 2009

Plans for the £1.35bn redevelopment of two areas in Lancashire have been given the go-ahead by the government.
Ex-DTZ agents poach from Thomas Davidson & Partners

20 August 2009

An equity partner at West End-based retail specialist Thomas Davidson & Partners has left to join a new firm set up by former DTZ employees.
King Sturge's City Offices and West End Offices Bulletins: Q2 2009

14 August 2009

Two reports looking at London's main office markets in terms of supply, demand, rents and investment.
PPG gets Southampton green light

19 August 2009

Premier Property Group has been granted planning consent for its 100,000 sq ft Grosvenor House development in Southampton.
Savills' Netherlands Office Market: Summer 2009

21 August 2009

A look at rental values, take-up and supply in the Netherlands' key cites, as well as investment and thd outlook for the market.
Network Rail moves to MK Central

18 August 2009

Network Rail has taken 62,000 sq ft at Threadneedle Property Investment’s MK Central in Milton Keynes, in the largest letting in Milton Keynes this decade.
British Land quells takeover and Broadgate speculation as it posts encouraging quarterly results

18 August 2009

British Land this morning posted a smaller-than-expected 9% fall in its net asset value for the three months to 30 June, providing further evidence that the prime end of the market has hit the bottom.
Leviev’s AFI sells $195m Moscow project

18 August 2009

AFI Development has sold an office development in Moscow for $195m.
BNP Paribas Real Estate London Office Report: Q2 2009

14 August 2009

A report looking at the take-up, supply, demand and prime rents across the West End, City, Midtown and Docklands areas of London.
BNP Paribas Real Estate's Office Market in Europe: Q2 2009

14 August 2009

A report looking at the impact of the recession on 25 key European office markets in the second quarter of 2009.
King Sturge Thames Valley Offices: Q2 2009

14 August 2009

A report looking at availability, supply and take-up in Thames Valley offices as well as key transactions in the second quarter of the year, and the main buildings which are still available.
Government department seals major relocation deal in Sheffield

17 August 2009

The Department for Children Schools and Families has signed up to move to St Paul’s Place in Sheffield.
Public sector funding gives green light for speculative development in Liverpool

17 August 2009

The English Cities Fund will begin the speculative development of a major new office building in Liverpool in September after receiving public sector funding.
Cushman & Wakefield Business Briefing: Edinburgh and Glasgow Office Markets

14 August 2009

A report into the Edinburgh and Glasgow office markets looking at take-up, supply, demand and rent levels.
Invista sells Mayfair building for more than £34m

11 August 2009

Invista Real Estate Investment Management today confirmed the sale of a freehold office and retail property on Conduit Street in London’s Mayfair to an overseas investor.
Highcross lets Leeds office space at £27/sq ft

11 August 2009

Highcross has secured the highest headline office rent in Leeds.
Mayor attends topping out of one of Newcastle’s tallest buildings

11 August 2009

The Lord Mayor of Newcastle attended the topping out of one of the tallest new buildings in the city and the most significant office developments in the city centre for more than a decade.
ING sells Isle of Man office for £7.1m

10 August 2009

ING UK Real Estate Income Trust has sold Royal London House in the Isle of Man to the tenant of the building.
Cardiff office block goes up in seconds (video)

10 August 2009

Cardiff Bay’s new landmark offices - 3 Assembly Square - opened last month, reflecting a significant commitment by the building’s owner, global asset manager Aviva Investors, to the real estate market in Cardiff.
West Midlands Police buys its Birmingham HQ from Tchenguiz’s R20

7 August 2009

The West Midlands Police has bought its headquarters office building, Lloyd House on Snowhill in central Birmingham from Robert Tchenguiz’s investment vehicle, R20 Group.
Aviva sells in Sackville Street

7 August 2009

Aviva Investors, in association with Devonshire Property, has sold 34-35 Sackville Street in London to the Anglo-Omani Society for £9.05m.
Henderson completes 7/8 St Martin’s Place sale

4 August 2009

Henderson Global Investors’ Central London Office Fund has completed the sale of 7/8 St Martin’s Place in London’s West End for more than £33m at a net initial yield of 6.77%.
Investec and Credo buy Carlton House Terrace

31 July 2009

Investec Property Investments and Credo Property Group have bought 20-24 Carlton House Terrace in London for around £70m.
Q2 2009 CENTRAL LONDON Quarterly – Offices

24 July 2009

Take-up rose across all markets to 1.7 m sq ft as occupier sentiment improved noticeably from the first quarter’s levels, which we consider to represent the cycle’s low point in terms of transaction volumes.
Simon Halabi receives hotel consent in City of London

29 July 2009

Simon Halabi’s Buckingham Securities has received planning consent to convert the Millenium Bridge House office building to hotel use.
Henderson renegotiates Fleet lease with Nokia

29 July 2009

HGI Real Estate, a fund managed by Henderson Global Investors, has renegotiated a long-lease on Church Crookham, Fleet with Nokia UK.
SNP moves HQ in Edinburgh

28 July 2009

The Scottish National Party (SNP) is moving its headquarters to Gordon Lamb House in Holyrood, Edinburgh.
Kenmore Land gets the green light for Farnborough data centre

28 July 2009

Kenmore Land, a joint venture between Kenmore Property Group and Revcap, has got the green light to develop a 484,200 sq ft data centre park in Farnborough.
Boris use call in powers for first time on major Canary Wharf Scheme

28 July 2009

Plans for a major office development in Canary Wharf have been called in by Boris Johnson after Tower Hamlets council refused to grant it planning consent.
Prupim’s green measures save CO2 and water

27 July 2009

Prupim saved 56,000 tonnes in CO2 emissions over 2008 – the equivalent of taking 18,000 cars off the road for a year.
Manchester take-up down, but not out, says CB Richard Ellis

27 July 2009

Office take up in Manchester city centre in the first half of this year was ‘significantly’ down on last year but it looks set to improve over the rest of the year, said CB Richard Ellis.
New Star sells in Croydon

27 July 2009

CBGA has bought Metro Point in Croydon from New Star Asset Management on behalf of private Israeli clients.
Derwent London building is Spanish movie star

24 July 2009

A film previewing Derwent London’s soon to be completed Angel Building has won the Best Overall Architectural Film award at this year’s Architectural 3D Awards in Spain.
St Modwen gets green light at Henley business park

24 July 2009

Developer St. Modwen has obtained planning consent for the third phase at Henley Business Park near Guildford.
Royal Liver sells London office

23 July 2009

Royal Liver Assurance has sold 15 King Street in the City of London for £14.5m.
DevSecs comfirms AstraZeneca Paddington talks

22 July 2009

Development Securities has confirmed that it is in exclusive talks to let 50,000 sq ft to AstraZeneca at its Two Kingdom Street development in PaddingtonCentral.
Goodman launches space base at Harwell

22 July 2009

Lord Drayson, Minister of State for Science and Innovation, has today unveiled plans to establish a European Space Agency (ESA) facility at Goodman’s Harwell Science and Innovation Campus, in Oxfordshire.
CBRE to find occupiers for 100,000 sq ft in Southampton

22 July 2009

CB Richard Ellis’ agency team in Southampton has been appointed by five separate companies to let their surplus office space in the city centre.
CBRE appointed on Solent business park

20 July 2009

Financial services firm, UBS has appointed CB Richard Ellis to market its office scheme on Solent Business Park.
Slough gets the green light for £450m masterplan

20 July 2009

Slough Borough Council’s planning committee has approved the £450m master plan to regenerate the centre of Slough; ‘the Heart of Slough’ project.
New business park planned in rural Lancashire

20 July 2009

Cobre Developments will invest £5m in a business park in Garstang, north Lancashire.
Central London rental decline 'significantly slows'

20 July 2009

Central London’s rental decline has slowed significantly, research from DTZ has said.
Terrace Hill lets space in Maidenhead and Covent Garden

20 July 2009

Terrace Hill Group, the AIM-listed developer and investor, has completed two lettings totalling 29,000 sq ft at its Maidenhead and Covent Garden office schemes.
Kenmore sells €59m in Paris

20 July 2009

Kenmore European Industrial Fund has sold a Paris-based portfolio of industrial properties to a private investor, for €59m.
Arup buys part of London HQ from Derwent London

20 July 2009

Derwent London has sold 13-17 Fitzroy Street to Arup for £60m.
Chester Properties under offer to buy Aviva’s Project Ed portfolio

17 July 2009

London-based Chester Properties is thought to be under offer to buy Aviva Investors’ Project Ed portfolio.
Yields harden for the first time since the start of 2007

17 July 2009

Average prime yields are hardening for the first time since the start of 2007, research from CB Richard Ellis has said.
CB Richard Ellis's UK Prime Rent and Yield Monitor

10 July 2009

Prime yields hardened for the first time since the start of 2007 but the occupier market is still suffering.
DTZ Central London Market: Q2 2009

17 July 2009

Occupier demand rose substantially in Q2, spurred on by improving sentiment due to tenant perception that the pace of economic contraction is easing and the current rental cycle is close to its trough.
King Sturge's Occupier Office Trends Report: Q2 2009

10 July 2009

'A handful of very large individual deals meant that floor area acquired by occupiers increased quarter-on-quarter by 32% in 2009 Q2, to a total of 1.4m sq ft. But the previous quarter was exceptionally weak and compared with the corresponding quarter last year, take-up was still down 25%.'
Tritax-led syndicate to buy Brindleyplace trio

17 July 2009

Private investor group places three offices under offer at Brum scheme
Halabi £1.15bn Protractor loan called in

16 July 2009

Simon Halabi’s £1.15bn loan against his Protractor portfolio of central London offices has been called in.
Manhattan office supply highest in four and a half years

16 July 2009

Total available space in Manhattan reached 41.2m sq ft in the second quarter of the year, the highest level in four and a half years, research from Cushman & Wakefield has shown.
First tenant boards the Ark

16 July 2009

The iconic Ark building in Hammersmith has signed its first tenant after lying empty for almost a decade.
Private investor buys Vodafone call centre in Stoke

16 July 2009

A private investor has bought a new Vodafone call centre in Stoke on Trent for £10.7m.
RREEF buys three UK and French properties for €100m

16 July 2009

RREEF has completed the purchase of three properties for a total of €100m including two UK properties.
PWTV: Eye on Offices

15 July 2009

PWTV joined Jeremy Bates, head of UK office agency at Savills', to discuss the south-east market for our first 'Eye on Offices' analysis video.
Window of leasing opportunity for occupiers will close soon

15 July 2009

The window of opportunity for occupiers to secure generous terms from landlords is soon to close in some markets according to research by CB Richard Ellis (CBRE).
Savills' France Regional Offices report: July 2009

15 July 2009

'Low concentration of headquarters in regional markets restrains the impact of the economic crisis on the occupational market. Nevertheless, small and medium companies, which were not affected by the economic crisis up to now, are facing financial difficulties and postponing hiring decisions.'
Astra Zeneca pulls out of Broadgate Tower deal for Paddington move

15 July 2009

AstraZeneca has pulled out of plans to take more than 60,000 sq ft of office space at British Land’s Broadgate Tower in the City of London and is instead in talks to move to Paddington.
Mike Hussey becomes BCO president

15 July 2009

Departing Land Securities’ London head Mike Hussey has taken over the role of president of The British Council for Offices (BCO) from Nicholas Ridley.
CB Richard Ellis's Occupier Strategies in a Falling Market EMEA Viewpoint: June 2009

10 July 2009

The downturn in European property markets has so far been mainly driven by increases in yields, reflecting reduced liquidity and growing risk aversion among investors.
Bristol office market begins to stabilise

14 July 2009

The Bristol office investment market has showed signs of stabilisation over the last six month according to Savills Bristol office survey.
Holborn gets green light for 300,000 sq ft mixed use scheme

14 July 2009

The Holborn Property Unit Trust and Blackfriars Property Group, has been given the green light to embark on a major 300,000 sq ft mixed used scheme in Holborn London.
Co-op submit plans for new HQ in Manchester

14 July 2009

The Co-operative Group has submitted a planning application for its new headquarters in Manchester.
Dukelease Properties buys Covent Garden building

13 July 2009

Dukelease Properties has bought a mixed-use block in London’s Covent Garden from The Royal London Mutual Insurance Society for £10.22m at a yield of 6.96%.
Mailbox developer buys Trinity Mirror site in Brum

13 July 2009

The Birmingham Development Company (BDC) – the developer of the 1.5m sq ft Mailbox and £100m Cube schemes in the city – has bought another major development site in the city centre.
M25 investment volume triples, Knight Frank says

10 July 2009

Investment activity in the M25 investment market increased in the second quarter of the year, research from Knight Frank has said.
Argent in talks to bag 200,000 sq ft Kings Cross prelet

10 July 2009

Ogilvy & Mather is in advanced negotiations to take 200,000 sq ft of office space at Argent’s 4.9m sq ft Kings Cross Central scheme.
BNP Paribas Real Estate's commercial property investment yields - June 2009

10 July 2009

A table of prime commercial property investment yields across all asset classes.
Citypoint tower ‘under water’

10 July 2009

The Citypoint office tower in the City of London, which was bought for £650m by Boston-based property investor Beacon Capital Partners just before the onset of the credit crunch in 2007, is severely under water, according to rating agency Moody’s
ING Trust reduces void rate with Watford sale

9 July 2009

ING UK Real Estate Income Trust (IRET) has reduced its void rate by 2% through the sale of a Watford office property.
LandSecs sells £43m building to Crescent Heights

9 July 2009

Land Securities has sold 98 Theobald’s Road in London’s Midtown to US property company Crescent Heights for £43m.
Britain’s biggest names to star at Offices 09

03 July 2009

Britain’s biggest-name developers and occupiers are to join forces for the office property event of the year in London on 20 October
Israelis end Broadgate Estate talks with British Land

8 July 2009

An Israeli consortium led by the Schimmel brothers has ended negotiations with British Land to buy a 50% stake in the Broadgate Estate in the City of London.
London market stable, JLL says

8 July 2009

The London office occupational and investment markets both seem to be stabilising, although there are still major issues, according to Jones Lang LaSalle’s latest Central London report.
Orion Capital Partners completes 131 Finsbury Pavement purchase

8 July 2009

Orion Capital Partners has completed its purchase of IVG Investment’s 131 Finsbury Pavement office scheme in the City of London as revealed by Property Week (News 12.06.09)
Segro completes Microchip building in Reading

7 July 2009

Segro has completed a new 31,500 sq ft UK headquarters facility for international technology business, Microchip, at Winnersh Triangle, Reading.
Evans gets go-ahead for major Rotherham scheme

7 July 2009

Evans Property Group has won planning permission for a major scheme in Rotherham at the heart of a £2bn regeneration of the town.
Land Securities completes One Wood Street sale

6 July 2009

Land Securities has completed a deal to sell One Wood Street in the City of London to fund manager Aerium as revealed by Property Week.
Centre Point now fully let

6 July 2009

Centre Point, the iconic London office tower, is today fully let for the first time in its 40-year history following the signing of Onalytica to 4,450 sq ft on the 29th floor.
Nomura to move to Watermark Place

6 July 2009

Nomura Bank is under offer to take the whole of Watermark Place in the City of London in a major deal for the Square Mile.
Birmingham office take-up down 66% on last year

2 July 2009

Take-up in the Birmingham office market has dropped 66% from last year in the first two quarters of 2009, according to figures released yesterday by the Birmingham Office Market Forum.
Valad and Bank of Scotland form £1.1bn European joint venture

1 July 2009

Valad Property Group has set up a £1.1bn European property joint venture with Bank of Scotland.
Land Securities sells Portman House to Libyan Foreign Investment Company for £155m

30 June 2009

Land Securities has sold Portman House on Oxford Street in London to the Libyan Foreign Investment Company (LAFICO) for £155m.
DTZ retains two top West End directors

30 June 2009

DTZ West End agency directors Richard Howard and Craig Norton have withdrawn their resignations and will stay with the firm.
MEPC plans urban park at Wellington Place

29 June 2009

MEPC is spending £1m to turn part of its 22 acre Wellington Place site in Leeds into a city centre park while commercial development is on hold in the downturn.
Tritax buys Intercontinental Hotels Group HQ

29 June 2009

A syndicate of private investors led by Tritax has bought the 97,000 sq ft global headquarters of the Intercontinental Hotels Group in Broadwater Park, Denham from Invista Real Estate.
Deka completes central and eastern Europe's biggest 2009 deal

29 June 2009

Deka has bought Deloitte House in Warsaw for €117m in central and eastern Europe’s largest office transaction of 2009.
Leeds and London buys Spring Ram retail park

29 June 2009

Leeds and London Investment has bought Spring Ram Retail Park in Birstall, West Yorkshire for more than £8m, reflecting an initial yield of 8.5%.
Burnley business park gets go-ahead

29 June 2009

Leeds-based property company Eshton Group has won planning for a £48m business park near Burnley in Lancashire.
Hammerson confirms letting at 60 Threadneedle Street

26 June 2009

Hammerson has confirmed it has achieved its first letting at 60 Threadneedle Street in the City of London to Talbot Underwriting as revealed by Property Week.
Caddick launches £30m Newcastle scheme

26 June 2009

The £30m Gateway West scheme in Newcastle upon Tyne was officially launched by developer the Caddick Group this week.
Kenmore and Ashford’s success at Glasgow building

26 June 2009

Kenmore Property Group and Ashford Property Group have launched their Cornerstone building in Glasgow with 60% of the building let or under offer.
Investors sounded out over key Holborn office

26 June 2009

Owners weigh up whether to hold or sell 40 Holborn Viaduct
Abu Dhabi Airports takes off with Helios SinoGulf

26 June 2009

Abu Dhabi Airports Company (ADAC), in a joint venture with Helios SinoGulf, is to create a Free Zone business and logistics park at Al Ain International airport
Allsop graduate clinches RICS rookie auctioneer prize

26 June 2009

Daphne Mahon beats three finalists to win RICS Matrics auction competition
City view: Deirdre Hipwell

26 June 2009

If Metrovacesa’s last two years were made into a film, it would be like a version of Groundhog Day, in which Bill Murray finds himself living one day over and over again, trying to achieve a different outcome
Investors dazzled by bright lights of the West End

26 June 2009

A flurry of central London transactions occurred this week
Jones Lang LaSalle settles with Preston

26 June 2009

Ex-employer makes out-of-court settlement over dismissal of valuer
Shell and Tesco give kiss of life to Glasgow

26 June 2009

Big-name occupiers close to taking 190,000 sq ft of office space
HIH confirms £42.6m City buy

25 June 2009

German closed-ended fund manager HIH Global Invest has confirmed its £42.6m purchase of the Friary Court office in the City of London.
Hammerson launches Spitalfields sculpture prize.

25 June 2009

Artists have been invited to submits proposals for a piece of sculpture to be displayed at Hammerson’s Bishops Square as a part of the developer’s inaugural ‘Spitalfields Sculpture Prize’.
LV=UK Property Fund buys in London

25 June 2009

LV=UK Property Fund has bought 19 Buckingham Gate, close to Buckingham Palace, in St James’s Park, London.
Hermes and PMG’s 1 Finsbury Circus wins heritage award

25 June 2009

The redeveloped 1 Finsbury Circus building in the City of London has won the 2009 City Heritage Award for Excellence in Building Conservation.
Valad sells Swansea trade park

24 June 2009

Valad Property Group has sold the Cwmdu Trade Park in Swansea for £7.2m reflecting a net initial yield of 10% to a local cash investor.
Insurance brokers to move to F&C REIT City scheme

23 June 2009

F&C REIT Asset Management has pre-let the top three floors of Forum House in the City of London to Insurance Brokers SSL at £50/sq ft.
First commercial building at Greenwich Peninsula launched

23 June 2009

Quintain and Lend Lease have launched the first commercial building at Greenwich Peninsula in East London today, and said it was the start of a ‘new commercial district’ for London.
ING sale secures £35m debt repayment

23 June 2009

ING UK Real Estate Income Trust has announced it is able to fully repay £35m of securitised debt in July after the sale of a Bristol office building.
Association of British Travel Agents books move to Park Street

23 June 2009

The Association of British Travel Agents (ABTA) has disposed of its former headquarters at 68-71 Newman Street in London’s West End and will move to 30 Park Street on the South Bank.
Clyde Gateway buys in Farme Cross

22 June 2009

Clyde Gateway Urban Regeneration Company has bought 44,000 sq ft of office space in Farme Cross, South Lanarkshire for around £3m. The space will be used to accommodate firms forced to move due to the 2014 Commonwealth Games.
Ediston and IVG complete Broadway.

22 June 2009

Ediston Properties and IVG Development (UK) have completed their £45m office development in Glasgow, Broadway One.
General Medical Council takes more space at Spinningfields

22 June 2009

The General Medical Council has signed up for a further 10,000 sq ft at Spinningfields in Manchester, on top of its 50,000 sq ft letting announced in January.
Landmark Castlevale gets green light for 32-acre Wakefield scheme

19 June 2009

Developer Landmark Castlevale has received planning permission for a 32-acre mixed use development at Langthwaite Grange Industrial Estate in South Kirby, Wakefield.
Border Agency to migrate

19 June 2009

The UK Border Agency is poised to take up to 200,000 sq ft at the Capital Building in Liverpool, in one of the city’s largest-ever office lettings
Easyoffice to expand to capture start-ups

19 June 2009

Stelios uses weak market to open more serviced offices for small businesses
HIH buys Friary Court at 6.9%

19 June 2009

German closed-ended fund manager HIH, advised by King Sturge, has bought the 75,000 sq ft Friary Court office scheme in the City of London from LaSalle Investment Management for around £43m
London agents’ new direction with Compass

19 June 2009

Two well-known London agents and former fund directors of Australian fund manager GPT Group, have set up a property advisory company together
NHS North West’s Manchester medicine

19 June 2009

Health authority to take 50,000 sq ft at Argent and Carlyle’s Piccadilly Place
Offices in demand for African growth

19 June 2009

Africa offers opportunities in the office sector, as rapid growth in key business areas is driving increasing demand for high-quality space
PWTV: Boris cites Walthamstow cheesecake firm as example of outer London economic contribution

18 June 2009

London mayor Boris Johnson cited a Walthamstow cake company; which exports £5m worth of cheesecake, soufflés and brownies to the patisseries of France, as an example of outer London's contribution to the UK economy.
Segro unveils images of Slough Trading Estate

18 June 2009

Slough’s 1970s buildings will be replaced with glass-fronted offices and high-tech manufacturing units following the £600m investment and regeneration by owner Segro.
Deka spends €150m down under

18 June 2009

Deka Immobilien has bought two properties in Australia for €150m.
Israelis in talks to buy Broadgate stake

18 June 2009

Israeli billionaire Nochi Dankner and the Hamburger family's Harel Insurance are in talks to buy a 50% stake in British Land’s Broadgate estate for £145m.
Birmingham to create digital district

17 June 2009

Birmingham is to create a ‘digital district’ in a bid to attract occupiers from the creative sector, Birmingham City Council’s deputy leader Paul Tilsley said today.
Murdoch’s 1m sq ft headquarters plans ‘do not comply with London Plan’, says Boris

17 June 2009

News International’s 1m sq ft plans to remodel the main building of its historic home in Wapping do not comply with the London Plan, Boris Johnson has said.
Second tenant signs at Edinburgh's Exchange Place

16 June 2009

Benefits and investment consultancy Hymans Robertson has signed up as the second tenant at Exchange Place in Edinburgh.
Degi extends lease at Hague office

16 June 2009

Degi Europa has extended the lease for KPN, the Netherlands’ main telecommunication company, for a 592,020 sq ft property in The Hague
CBRE Investors buys Aramis building in Belgium

16 June 2009

CB Richard Ellis Investors has bought Aramis, the final building constructed at the Corporate Village business park in Zaventum, Belgium.
Ropemaker buys £24.6m Hammersmith building

16 June 2009

Ropemaker Properties, the property holding company of BP Pension Fund, has bought 200 Hammersmith Road in London for £24.6m.
St Modwen submits plans for £55m energy hub

15 June 2009

St. Modwen has submitted a planning application to Stafford Borough Council for a £55m office and research and development site in Stafford.
Invista sells London office at 5.9%

15 June 2009

Invista Real Estate Investment Management has sold a government-let office building in north London at a net initial yield of 5.9%.
Business park developers merge

15 June 2009

Business park developers Country Estates and Denton & Gibson have merged to take advantage of opportunities offered by the downturn.
UBS confirms sale of Milton Gate scheme

15 June 2009

UBS Global Asset Management has today confirmed the sale of its Milton Gate scheme in the City of London to Evans Randall as revealed by Property Week.
Orchard Street buys 60 Cannon Street

15 June 2009

Orchard Street Investment Management has bought 60 Cannon Street, EC4 in the City of London for £21.38m from ING Real Estate.
Glenkerrin wins planning appeal for major development in Dublin's Ballsbridge

12 June 2009

Ray Grehan's Glenkerrin has received permission to develop his Number One Ballsbridge scheme in Dublin from the Irish planning appeals board, An Bord Pleanala.
HCA to search for Telford technology park developer

12 June 2009

A developer is being sought for an Enterprise Centre for high technology companies on a site in Telford.
Major letting at Dublin's Sandyford Business Park

12 June 2009

ServiceSource International has taken 40,000 sq ft of office space at The Chase in Sandyford, Dublin in one of Ireland’s biggest occupational deals this year.
Genesis begins in Londons Noho

12 June 2009

Genesis Communications has taken 3,000 sq ft at 10 Whitfield Street in London’s Noho at £52.50/sq ft – one of the highest rents paid in Noho this year – for 10 years
Manc office prescribed for NHS

12 June 2009

Central Manchester University Hospitals NHS Foundation Trust has signed up for a 7,267 sq ft office at Ask:Goodman’s Central Park urban business park in east Manchester
Peel appoints WSB on Calder Park

12 June 2009

Peel Group has appointed WSB as joint letting agent at Calder Park in Wakefield, West Yorkshire, working alongside existing agent Savills
Savills' Milan and Rome Office Market Report: Spring 2009

12 June 2009

The economic downturn has caused a slowdown in Milan leasing activity, however the number of enquiries is rising driven by the need for more efficient and cost effective space.Office rents in the Rome market have remained stable in 2008, but we expect the secondary segment to come under pressure this year.
Takeover talk surrounds Songbird

12 June 2009

Two hedge fund investors have bought a 30% interest in Songbird Estates, the majority owner of Canary Wharf Group, as speculation mounts that takeover activity is looming
Workspace and Glebe aim to refinance joint venture

12 June 2009

Business space provider admits joint venture’s loan covenants have been breached
Regus launches 'boutique' business lounge

11 June 2009

Serviced offices operator Regus unveiled its new flagship business lounge yesterday.
Land Securities to pay £1.2m Crossrail levy

11 June 2009

Land Securities is to pay a £1.2m Crossrail levy in order to secure planning consent for its £1bn Victoria Transport Interchange scheme.
CS Euroreal achieves 95.5% average occupancy

11 June 2009

Credit Suisse’s open ended real estate fund has achieved an average occupancy rate of 95.5%, the company announced today.
ING UK Real Estate Income Trusts sells in Maidenhead

10 June 2009

ING UK Real Estate Income Trust has sold an office in Maidenhead as part of its plans to restructure and pay back its debt.
Lloyds announces beginning of branch closure programme

9 June 2009

Lloyds Banking Group has announced a host of organisational and property cuts today.
Greater Manchester Pension Fund appoints Sanderson Weatherall

9 June 2009

The Greater Manchester Pension Fund (GMPF) has appointed Sanderson Weatherall to manage its 1m sq ft commercial property portfolio.
Drivers Jonas wins pan-European office portfolio instruction

9 June 2009

Drivers Jonas has won a mandate to manage a pan-European office portfolio.
Commerz Real signs to forward fund Mann Island in Liverpool

8 June 2009

CommerzReal has agreed a £47m forward funding deal for the Mann Island office scheme in Liverpool.
Greater Manchester Police to take 240,000 sq ft at Ask:Goodman’s Central Park

5 June 2009

Greater Manchester Police’s Force is to relocate its headquarters to Ask and Goodman’s 1.4m sq ft Central Park,in one of the biggest deals of the year.
Paul Smith leaves LSH

5 June 2009

Paul Smith, the well-known out-of-town office agent, is leaving Lambert Smith Hampton, where he is head of the Milton Keynes office, to join a start-up agency firm.
Brindleyplace bids go in

05 June 2009

The deadline for parties wishing to express an initial interest to buy three buildings, let to the Royal Bank of Scotland, in Birmingham’s Brindleyplace office complex passed this week
Columbus set for sale

05 June 2009

Credit Suisse has instructed CB Richard Ellis to market the sale and leaseback of 20 Columbus Courtyard in Canary Wharf with a price tag of around £147m
Cushman veteran Hill moves to Highbridge

05 June 2009

Head of UK business space quits world of agency to join developer
Knight Frank sublets HQ surplus

05 June 2009

Knight Frank has sublet the remaining 14,000 sq ft of surplus space at its 55 Baker Street head office in London to communications agency Posterscope.
Knight Frank's Australian Cities Offices Reports

05 June 2009

A selection of reports covering the impact of the global recession on Sydney, Brisbane Melbourne and Adelaide between March and May this year.
Knight Frank's Bangkok office market report: Q1 2009

05 June 2009

Quarter 1 2009 has seen the market has shift back in favour of the tenant for the first time since 2002.
Luff lettings at Wokingham refurb

05 June 2009

Luff Investments has let two floors in its refurbished Old Row Court scheme in Wokingham
Notting Hill trust to relocate

05 June 2009

Hammersmith-based housing association Notting Hill Housing Trust has appointed Ashwell Rogers to identify suitable offices to purchase for its relocation
Protego secures Glasgow office

05 June 2009

Protego Real Estate Investors has bought the 25,461 sq ft 220 St Vincent Street in Glasgow for a UK pension fund client from ING Real Estate for £6m – at a net initial yield of 7.76% – rising to 9.4% on the letting of the vacant floor
Reef double in Essex and Ashby

05 June 2009

Reef Estates has let the commercial space of its mixed-use scheme in South Ockendon to South West Essex Primary Care Trust on a 15-year lease at £75,000 a year
Sony stays with Dam Skyline

05 June 2009

Private equity group MGPA has retained Sony as a tenant at its Skyline Plaza Building in Amsterdam
Hammerson completes £445m Bishops Square deal

4 June 2009

Hammerson has completed the sale of a 75% stake in its Bishop’s Square development to the Oman Investment Fund (OIF).
Evans submits Rotherham plans

4 June 2009

Leeds-based developer Evans Property Group has submitted a planning application to build Rotherham Borough Council’s new 172,000 sq ft civic building.
Carillion appointed on Stockport Council offices

4 June 2009

Carillion has been appointed as development partner with NPS Ltd to develop 46,900 sq ft offices for Stockport Metropolitan Borough Council’s.
Hammerson in €210m Paris sale

3 June 2009

Hammerson has sold its Les Trois Quartiers retail and office property in Paris for €210m.
Tokyo offices now more expensive than London

3 June 2009

Tokyo has now surpassed London as the world’s most expensive office market, research from CB Richard Ellis has said.
Kilmartin lands four companies at Propeller Park

3 June 2009

Kilmartin Property Group’s new development at Propeller Park, Wembley has signed up four new companies for six units on the park.
MWB Business Exchanges snaps up 15 MLS centres

2 June 2009

MWB Business Exchange has acquired 15 centres from the administrator to MLS, bringing its network up to 73 centres.
Middle East not spending in first quarter, says CoStar.

2 June 2009

There was 'absolutely no money at all coming out of the Middle East' in the first quarter of this year, independent research consultancy CoStar's managing director Paul Marples told Property Week.
Halton Council buys Widnes site

1 June 2009

Halton Borough Council has bought a 40 acre site as part of the redevelopment of the Widnes Waterfront in southern Widnes, Cheshire.
Availability rises in Midtown

1 June 2009

Take-up in London’s Midtown surpassed both the City and West End in the first quarter of 2009, according to research by Farebrother.
Barclays to refinance Snowhill

29 May 2009

Barclays Bank is in discussions to refinance a debt package provided by Anglo Irish at Ballymore’s Snowhill scheme in Birmingham
Bechtel seeks west London subtenant

29 May 2009

Bechtel Corporation is to bring its 170,000 sq ft Hammersmith headquarters to the leasing market
CB Richard Ellis Global Market View: Office Occupancy Costs May 2009

29 May 2009

The foundation of the global economy has been tested to a degree not seen since the Great Depression. What began as a US housing crisis quickly became a worldwide financial crisis.
Chorus approval for Durkan

29 May 2009

Sutton and Merton Primary Care Trust has taken a 42,430 sq ft prelet at Durkan Estate’s Chorus scheme at a rent thought to be around £30/sq ft, as revealed by Property Week (09.04.09)
City office sales set to raise £285m

29 May 2009

Standard Life and UBS poised to complete transactions
Diageo's Covent Garden lettings

29 May 2009

Diageo Pension Scheme has let more than 4,000 sq ft of offices at 8-10 Dryden Street in London’s Covent Garden
Finance group is first tenant at Savile Row

29 May 2009

Fox Davies set to take top floor at boom-time scheme at £95/sq ft
Green Property wins planning consent for redevelopment of former Birds Eye headquarters

29 May 2009

Green Property has won planning consent for the redevelopment of the 112,000 sq ft listed former Birds Eye headquarters at Walton-on-Thames
Hounslow's Blenheim signs pair

29 May 2009

The joint venture between US-based investor Area Property Partners and developer Blenheim Norwest have signed two lettings at the Blenheim Centre in Hounslow
Lloyds leaves One Glass half full

29 May 2009

PricewaterhouseCoopers, Castlemore Securities’ administrator, has agreed with lender Lloyds TSB to continue developing the One Glass Wharf office scheme in Bristol
Manc council's temporary home

29 May 2009

Manchester City Council has chosen the Number One building at Ask Developments’ First Street scheme for its 140,000 sq ft temporary relocation while the town hall complex undergoes a £175m three-year refurbishment
Monsoon launch Battleship Building

29 May 2009

Monsoon has launched the Battleship Building, its former headquarters in London’s Paddington
Network Rail boards in York

29 May 2009

Network Rail has bought the former Thrall site and Alliance House offices at Holgate in York, close to the York Central regeneration area, from Ashtenne for more than £9m
Parkridge Properties submit revised plans for Sackville Trading Estate in Hove

29 May 2009

Parkridge Properties earlier this month submitted revised plans for an £80m mixed-use scheme at Sackville Trading Estate in Hove to Brighton and Hove City Council
Salmon Harvester fund picks Kingston crop

29 May 2009

Salmon Harvester Opportunity Fund has bought Surrey House and Lever House in Kingston upon Thames from Apia Regional Office Fund for £20.45m
Slick tenant for Chiswick Park

29 May 2009

Oilfield services company Baker Hughes is taking 12,000 sq ft of offices in Building 5 of Stanhope’s Chiswick Park at around £35/sq ft on a 10-year lease
Uxbridge buyer blows in for Kier

29 May 2009

Kier has presold a 34,000 sq ft warehouse and office building at Kier Park, Uxbridge, to removal firm AGS Four Winds for £5.25m
Union buys Swiss office for €100m

28 May 2009

German fund manager Union Real Estate has bought a Swiss office building for €104.3m.
Boris joins the Reubens for Paddington topping out

28 May 2009

The Mayor of London performed the topping out ceremony at European Land’s Carmine office building in London’s Paddington yesterday.
New tenants at Glasgow's Hub

28 May 2009

Three media tenants have taken space at The Hub in Glasgow’s Pacific Quay.
Union to buy 10 Gresham Street

28 May 2009

German fund manager Union Real Estate is under offer to buy Standard Life Investment’s 10 Gresham Street building in the City of London for around £150m.
Manchester City Council endorses Co-op plans

28 May 2009

Manchester City Council has endorsed plans by the Co-Operative Group to redevelop a 20-acre site near Victoria Station in the city.
East Manchester site to be developed with NWDA grant

27 May 2009

The Northwest Regional Development Agency (NWDA) has awarded £3.6m to a Manchester regeneration company to buy and redevelop a contaminated site in Openshaw.
LandSecs sells Kingsway office

27 May 2009

Land Securities has completed the sale of 22 Kingsway in central London to an overseas client of Jones Lang LaSalle.
Lamron Estate gets green light for green Bucks scheme

26 May 2009

Developer Lamron Estates and LaSalle Investment Management have won planning permission for a new 100,000 sq ft sustainable, speculative office scheme known as ‘Project Xen’ on the site of the former Water Research Centre (WRC) in Buckinghamshire.
Manchester City Council picks First Street

26 May 2009

Manchester City Council has chosen Ask Developments’ First Street scheme in the city for its 140,000 sq ft temporary relocation while the town hall complex is refurbished.
Plans submitted for two office buildings at Wood Wharf

26 May 2009

Detailed planning applications for the first two office buildings at the Wood Wharf scheme in London’s Docklands area have been submitted to the London Borough of Tower Hamlets Council today.
Ahouvi returns to UK with £55m offices buy

22 May 2009

Israeli investor snaps up five Hants properties as he favours UK over Europe
Architecture Foundation’s new HQ

22 May 2009

The Architecture Foundation has signed for 1,797 sq ft at a property owned by Lake Estates on Tooley Street in London’s Southwark
Argent offers GDP-based rents at Brindleyplace

22 May 2009

Developer hatches innovative rental plan to lure tenants in Birmingham despite downturn
Barratt halts Wilson Bowden sale

22 May 2009

Barratt Developments has cancelled the sale of the remainder of its Wilson Bowden Developments commercial subsidiary
Canon Europe strikes pose at Stockley Park

22 May 2009

Canon Europe is poised to complete one of the M25’s biggest lettings of the year by taking 93,000 sq ft at Stockley Park in Uxbridge
Commerzbank consolidates in City of London

22 May 2009

Commerzbank is to consolidate its UK investment banking operations at GIC’s 30 Gresham Street in the City of London, following its purchase of Dresdner Kleinwort and a review of its UK property strategy
Crown to offload bank’s Edinburgh HQ

22 May 2009

The Crown Estate has put New Uberior House, HBOS’s Edinburgh headquarters, up for sale for £55m
Gateway Plaza’s healthy tenant

22 May 2009

Quest Property and Landmark Developments have signed Barnsley Civic Healthcare to take an 8,342 sq ft unit as a new NHS health centre at their Gateway Plaza scheme in Barnsley
Hunt chases London office

22 May 2009

Foxtons founder Jon Hunt, who sold the estate agency business at the peak of the market for £370m, is poised to buy a £16m London office block
ING snips off Notcutt House

22 May 2009

ING Real Estate has sold Notcutt House in 36 Southwark Road in central London to a UK private investor for £4.6m at a yield of 8.75%
Peer plans Redhill redevelopment

22 May 2009

London-based Peer Group plans the redevelopment of Cromwell Road and High Street in the centre of Redhill
Planning consent keeps Heart of Slough beating

22 May 2009

Development Securities has won planning permission for the initial phases of the £400m Heart of Slough scheme
Sheffield Hallam buys Oneleven

22 May 2009

Sheffield Hallam University has bought the long leasehold in Oneleven Arundel Gate in Sheffield for £4.4m
Stewart Milne’s Aberdeen letting

22 May 2009

Mechanical engineering company EnerMech has taken Stewart Milne Developments’ 57,000 sq ft scheme, comprising 38,000 sq ft of workshop and industrial space and 19,000 sq ft of offices, on Howes Road in Bucksburn, near Aberdeen, as its global headquarters
Trio of tenants at 125 Old Broad St

22 May 2009

Hammerson has secured three tenants at 125 Old Broad Street in the City of London
Carbon Reduction Commitment unworkable

21 May 2009

The UK emissions trading scheme, the Carbon Reduction Commitment (CRC), is unworkable in its current form, sustainability professionals have warned.
Robert Peston warns of ‘painful’ recovery

21 May 2009

Robert Peston opened the British Council of Offices annual conference in Edinburgh this morning by warning that recovering from the global recession would be slow and painful.
Find out what occupiers think of you

21 May 2009

Property Week’s Occupier Satisfaction conference is taking place in two weeks’ time and there are a number of free places for commercial occupiers.
Co-operative reveals Manchester headquarters designs

21 May 2009

The Co-operative Group has today revealed the designs for its 320,000 sq ft new headquarters in Manchester.
Redevco plans major office scheme at Glasgow’s George Square

21 May 2009

Redevco has submitted plans for a 291,000 sq ft office block at George Square in Glasgow.
Southbank rents fall furthest in EA Shaw report

21 May 2009

Rents in Midtown, Soho & Southbank fell an average of 11% in the first quarter of 2009 compared to the last quarter of 2008, EA Shaw's office report has said.
Newcastle business park signs 40,000 sq ft occupier

20 May 2009

Customer care and HR company Convergys has signed up to pre-let a 40,201 sq ft building at Newcastle’s Quorum Business Park.
European banks' office take-up down by 80% in the first quarter

20 May 2009

The global economic crisis has pushed banks’ take-up of office space in the first quarter of 2009 down by 80% against the long term quarterly average with the London, Moscow and Warsaw markets most affected, according to Cushman & Wakefield.
EnerMech takes space at former Acergy site.

20 May 2009

EnerMech has leased the entirety of Stewart Milne Developments’ 57,000 sq ft mixed use development on Howes Road, Bucksburn near Aberdeen.
Hammerson snares three more tenants at 125 Old Broad Street

19 May 2009

Hammerson has signed three more tenants to more than 45,000 sq ft at its 125 Old Broad Street development in the City of London which is now 69% let by income.
Wrather Group sews up planning consent in Manchester

19 May 2009

The Wrather Group has won planning consent to refurbish Arkwright House in Manchester, originally built as the headquarters for the English Sewing Company.
Great Portland raises £166m of new equity to snap up bargains

19 May 2009

Great Portland Estates is raising £166m of new equity from a rights issue to bolster its spending power.
Barking ‘creative industries quarter’ gets green light

18 May 2009

The London Thames Gateway Development Corporation (LTGDC) has approved plans for the next stage of development at the ‘creative industries quarter’ in Barking, east London.
Derwent London’s portfolio shows ‘defensive qualities’

15 May 2009

Derwent London said its balance sheet is strong and it is ‘well positioned’ to benefit from the downturn.
Croydon dumps Minerva at Park Place

15 May 2009

Council terminates development agreement for 1m sq ft scheme
Financial sector provides beacon of light for recession hit south-east, Knight Frank says.

15 May 2009

The finance and business services (FBS) sector is one of the key groups looking for office space, Knight Frank's head of south east offices Emma Goodford told Property Week last week.
Knight Frank Hong Kong Prime Office monthly report: April

15 May 2009

Over the past month, Hong Kong’s office sales market regained some momentum after a downturn that has lasted a year. End-users and long-term investors entered the market again, eyeing good value in prices that have fallen almost 50% from peak levels in 2008. About 120 office sales transactions were registered in March, representing a rise of over 80% from the previous month and the highest level in six months.
Knight Frank Indian Office Market Review: Q1 2009

15 May 2009

Current financial crisis in the real estate sector has resulted in a number of major players having to stall or offload stakes in ongoing projects. Approximately 183m sq ft of office space, including SEZs, to be developed in the 7 major cities of the country over 2009-11, which is expected to far exceed the incremental demand for office space of about 122m sq ft.
Scottish Property Awards 2009 video

15 May 2009

Around 450 members of the property industry gathered at Edinburgh's International Conference Centre to celebrate the achievements of Scotland's key players in one of the country's most difficult years.
Commerzbank rationalises its London property portfolio

14 May 2009

Commerzbank is to consolidate its UK investment banking operations at GIC’s 30 Gresham Street in the City of London following its purchase of Dresdner Kleinwort and a review of its UK property strategy.
City Corporation completes Tottenham Court Road office redevelopment

14 May 2009

The City of London Corporation has completed its redevelopment on Tottenham Court Road which is fully let to construction and property consultancy Gardiner &Theobald.
Heron tops out at The Peak in London’s Victoria

11 May 2009

Heron International and the Co-operative Insurance Society have topped-out their joint office development The Peak opposite London’s Victoria Station.
Broadgate sale collapses

11 May 2009

MGPA is understood to have abandoned plans to purchase Broadgate in the City.
Swine flu could damage London's property recovery, Atisreal says (video)

8 May 2009

London's commercial property market could be facing further harm caused by the swine flu pandemic, Atisreal has said.
MEPC secures major office consent at Callaghan Square

8 May 2009

MEPC has secured outline planning permission for a 500,000 sq ft office scheme at its Callaghan Square development in Cardiff, Wales.
Airbus seeks to taxi into newer premises at Filton

08 May 2009

Aircraft manufacturer Airbus is looking for a development partner for around 400,000 sq ft of office, research and development space
BBC looks north-west

08 May 2009

As the BBC builds up for its big move to Peel’s Media City in Salford in summer 2011, what can government departments that are under pressure to follow to the regions learn?
Draco’s Brettenham House pair

08 May 2009

The UK’s regulatory body for venture capital, the British Venture Capital Association (BVCA), and private equity firm ECI Partners have taken a total of 15,000 sq ft at Draco’s Brettenham House in Lancaster Place by the Strand in London
Law firm moves to Chancery Lane

08 May 2009

Law firm Russell Jones & Walker has taken 28,000 sq ft at the former College of Law office on a 10-year lease at 50-52 Chancery Lane off Holborn, London
Valad sells last Pavilion office

08 May 2009

Valad Property Group has completed the sale of the final unit of the Pavilions at the 100 acre Innova Park in Enfield
Stanhope’s City scheme at 8-10 Moorgate gets green light

7 May 2009

Stanhope has received planning permission for a major development at 8-10 Moorgate in the City of London.
Liverpool office market still strong, says DTZ

6 May 2009

Demand for offices in Liverpool continues to be strong, and this year’s take-up may even exceed the five year average, according to research from DTZ.
Stenham buys in Victoria

6 May 2009

Fund management Stenham has bough 52 Grosvenor Gardens in London’s Victoria for £25m.
Peer plans supermarket scheme in Redhill

5 May 2009

London based Peer Group plans the redevelopment of Cromwell Road and High Street in the centre of Redhill.
Tenant demand across all sectors falls says RICS

5 May 2009

Tenant demand across all sectors continued to fall in the first quarter of this year although the pace of decline eased back, according to the RICS.
Australian bank Macquarie reactivates search for City of London HQ

1 May 2009

Macquarie Bank has reactivated its search for a City of London HQ this week after putting its office search on hold in August 2007.
Government plans ‘Whitehall of the North West’ in Manchester

1 May 2009

The government is planning a 700,000 sq ft ‘Whitehall’ of the North West in Manchester to house 5,000 civil servants.
Knight Frank's M25 Offices Report: Q1 2009

01 May 2009

Knight Frank's M25 Offices Report: Q1 2009
Deloitte takes space at MEPC’s Cardiff scheme

30 April 2009

MEPC has let 18,900 sq ft across two floors to Deloitte at 5 Callaghan Square in Cardiff.
Stanhope’s City scheme at 8-10 Moorgate recommended for approval

29 April 2009

Stanhope’s plans for a major development at 8-10 Moorgate in the City of London have been recommended for approval.
Portsmouth's Partnership calls up taxi firm

28 April 2009

Portsmouth based developer, The Partnership, has begun work on the second stage of its Portsmouth based Partnership Park after signing AquaCars as an anchor tenant.
Land Securities completes first letting at Dashwood on Old Broad Street

28 April 2009

Land Securities has completed a 8,867 sq ft office letting to forensic accountancy firm RGL Forensics at Dashwood, Old Broad Street, in the City of London.
Exchange Place secures its first occupier

27 April 2009

Scott-Moncrieff, the accountancy and professional services firm, has taken 17,700 sq ft at 3 Exchange Place in Edinburgh.
CABE criticises Olympic media centre design

27 April 2009

The government’s architecture watchdog has criticised the ‘extremely weak’ design of the media centre for the London 2012 Olympic Games .
Muse Developments gets go-ahead for Miele building in Stockport

27 April 2009

Muse Developments has been granted planning permission for a development for Miele, the German domestic appliance manufacturer, at Cheadle Royal Business Park in Stockport.
CoStar Central Birmingham Office Market Report 2008

24 April 2009

In a year dominated by the economy and the banking crisis, the Birmingham City Office Market, as defined by the Birmingham Office Market Forum, has bucked the trend and exceeded expectations to produce the highest ever recorded take up levels for the city.
CoStar City Office Market Update 2008

24 April 2009

A monthly market update of available space, new space on the market, developments under construction and deals done.
CoStar Manchester Office Market Update

24 April 2009

A monthly market update of available space, new space on the market, developments under construction and deals done.
CoStar Midtown Office Market Update

24 April 2009

A monthly market update of available space, new space on the market, developments under construction and deals done.
CoStar West End Office Market Update

24 April 2009

A monthly market update of available space, new space on the market, developments under construction and deals done.
Edinbugh council sizes up Waverley Gate

24 April 2009

Edinburgh City Council is considering a purchase of Waverley Gate, the 200,000 sq ft Castlemore scheme that was placed in the hands of administrators in February.
IM buys in Cambridge at 8.4%

24 April 2009

IM Properties has bought Kett House in Cambridge for £9.75m – a net initial yield of 8.4% – from Royal London Asset Management.
Light at the end of tunnel for empty Ark

24 April 2009

West London ‘white elephant’ closes in on first tenant in almost 10 years
O2 to be office venue

24 April 2009

AEG Europe, the operator of south-east London music venue the O2, has submitted plans for an adjoining office building (pictured).
Robert Fleming Insurance confirms in City

24 April 2009

Robert Fleming Insurance Broking has confirmed it will take more than 40,000 sq ft at 20 Gracechurch Street in the City of London.
Derelict Derby site set for redevelopment

23 April 2009

Developer Lowbridge (Derby) is set to unveil plans for a 100,000 sq ft development on a derelict site at Friar Gate in Derby in the East Midlands.
Prime office rents down

23 April 2009

CB Richard Ellis reported that prime office rents across Europe had fallen during the first quarter and yields had risen. In Western Europe rents fell by 3.4% in the quarter, taking the year-on-year rate of growth to minus 4.1%.
Budget 2009: Industry uproar over budget

22 April 2009

The property industry has reacted furiously to a budget that ‘ignores’ the industry.
Newcastle Council spends £22m on Northern Rock’s Tower

22 April 2009

Newcastle City Council is planning to buy an office tower, developed for Northern Rock before it was nationalised, for £22m.
Goodman gets green light in Uxbridge

21 April 2009

Goodman has won planning permission to develop a new office building at Uxbridge Business Park.
St Modwen alights on Taunton’s Firepool scheme

21 April 2009

Taunton Deane Borough Council has picked St Modwen as its preferred development partner for the £270m Firepool scheme.
Gazeley completes George’s Leicestershire HQ for Asda

21 April 2009

Gazeley has completed a new £12.2m headquarters for Asda’s clothing range George in Leicestershire.
St Modwen to focus on 'cost control'

17 April 2009

St Modwen said its focus this year would be ‘cash management and cost control’ and it would continue to take decisions to ensure the business operates within its banking covenants.
Central London investment plummets says Cushman & Wakefield

17 April 2009

The value of central London's property investment deals in the first quarter of 2009 fell by 76% compared to the first quarter of 2008, according to Cushman & Wakefield
Brindleyplace bonanza

17 April 2009

Argent hopes to raise £110m from sale of RBS’s Birmingham offices
Public purse to pay out £3m for void space at Mann Island

24 April 2009

Liverpool scheme will be completed with grant from NWDA if no further prelets are found
Robert Fleming takes 40,000 sq ft in City

16 April 2009

Robert Fleming Insurance Broking has confirmed it will take more than 40,000 sq ft at 20 Gracechurch Street.
City of London knocked out of top four most expensive European offices

16 April 2009

The City of London has been knocked out of the top four most expensive office locations in Europe, research from NB Real Estate and ONCOR International has shown.
Time Out HQ bought for £14m

15 April 2009

The Bedford Estates has bought the headquarters of Time Out magazine from British Land for £14.1m.
Data centres not doomed by recession

15 April 2009

Data centre take-up remained robust in 2008 at 1.6m sq ft across Europe, only 7% down on the record figures of 2007, according to CB Richard Ellis.
UK Real Estate to reignite King's Cross Lighthouse

15 April 2009

Developer UK Real Estate has been granted planning for a 31,500 sq ft mixed use refurbishment and extension of a grade II listed landmark in London’s King’s Cross.
AstraZeneca picks JLL

14 April 2009

AstraZeneca has appointed Jones Lang LaSalle as its global real estate advisor, as tipped by Property Week (09.04.09).
Recession eased in March says Savills

14 April 2009

The effects of the recession showed signs of easing in the commercial property sector in March, according to Savills.
Bank of England holds interest rate at 0.5%

9 April 2009

The Bank of England has held interest rates at 0.5% today.
British Land in talks to sell half of Broadgate

9 April 2009

British Land is in talks to sell half of its £2.5bn Broadgate office estate in the City of London to private equity investors as part of efforts to raise cash and rebalance its property portfolio.
British Land signs first tenant at Ropemaker in City

7 April 2009

Bank of Tokyo has signed up for more than 220,000 sq ft at British Land’s Ropemaker development in the City of London, the biggest deal for the market so far this year and the first pre-let at the scheme.
BT moots putting property in pension fund

6 April 2009

BT is considering injecting its remaining property assets – including the landmark BT Tower and headquarters close to St Paul’s Cathedral – into its pension fund as it begins to tackle its deficit.
Smee to consolidate his fit-out companies

3 April 2009

Roger Smee is to combine his four office fit-out companies in a potential £48.9m deal.
Abbey buys its Regent's Place offices from British Land

3 April 2009

British Land has completed the sale of a £115m office scheme at Regent's Place to its tenant Abbey.
Property investor confidence improves says Jones Lang LaSalle

2 April 2009

The deterioration in property investor confidence improved slightly in the first quarter of this year, according to Jones Lang LaSalle.
Lloyds TSB's Manchester sale and leaseback

2 April 2009

Infinity property fund and Vision Developments have completed the £6m purchase and leaseback of Lloyds’ TSB’s 53 King Street in central Manchester.
RICS set to raise global valuation standards

1 April 2009

The RICS plans to launch a global consultation to develop an enhanced regulatory framework for valuation that it said will raise professional standards, improve confidence for clients and help secure the accurate valuations that underpin most economic activity.
British Horseracing Authority rides to High Holborn

30 March 2009

The British Horseracing Authority is moving its headquarters to O&H Properties’ 75 High Holborn in London’s Midtown.
Newcastle regeneration to restore ‘heartless land’

30 March 2009

Metnor Property Group has produced a masterplan for the redevelopment of a derelict site in Newcastle-upon-Tyne.
Lebanese property company confirms West End deal

30 March 2009

Lebanese investment company M1 Group has confirmed its purchase of Times Place in London’s West End.
£100m mixed-use development for Newry unveiled

30 March 2009

The Hill Partnership has submitted a planning application for a £100m mixed use development at Carnbane Way in Newry, Northern Ireland.
City take-up hits 20 year low

23 March 2009

Take-up of new offices in the City of London has fallen to its lowest level for more than 20 years as the slowdown in the economy has reined in financial services businesses from expanding and moving to new buildings.
Major prelet at Terrace Hill’s Baltic Quarter called off

20 March 2009

Terrace Hill has ended plans to prelet 100,000 sq ft of office space to energy provider Npower at Baltic Business Quarter in Gateshead in a major blow to the regional market.
Grosvenor completes Liverpool One offices

17 March 2009

Grosvenor, the Duke of Westminster’s property company, will mark the completion of the office space developed as part of its major shopping centre scheme in Liverpool, Liverpool One, on Thursday.
Former Guardian HQ to be let for now, redeveloped later

17 March 2009

Mayor of London Boris Johnson’s office has rejected Farringdon Property’s plans for the redevelopment of the former Guardian headquarters in London, and the developer is now focusing on letting out the existing building.
Derwent London sells 28 Dorset Square

17 March 2009

Derwent London has sold its freehold interest in 28 Dorset Square in north London to a private UK investor for £17m.
Quintain sells in Cardiff and Hemel Hempstead

17 March 2009

Quintain Estates & Development has sold two of its assets in Wales and Hemel Hempstead for more than £10m.
Work starts today on Shard site

16 March 2009

Construction of western Europe’s tallest building will begin in London today amid the gloomiest market for commercial building in decades, thanks to backing from a group of Qatari banks.
Asda buys council offices in regeneration plan

12 March 2009

Asda has bought Telford and Wrekin Council’s civic offices as part of a regeneration programme for the town centre.
Slashed property advertising budgets lead to Streetbroadcast demise

10 March 2009

Streetbroadcast, the advertising company popular with the property industry, has gone into administration.
Consultancy launches review of local government property

3 March 2009

A public sector consultancy is conducting a review of local government property to help councils improve efficiency across their estates.
London office rents fall twice as fast as New York

2 March 2009

Office rents in London are plunging at twice the rate of those in New York according to NB Real Estate.
St Modwen selected as developer for Exeter’s Skypark

27 February 2009

St Modwen has been selected to become the joint venture partner for the £210m Skypark development in Exeter.
Knight Frank's London experts discuss the market in 2009 and beyond

26 February 2009

Following a recent Knight Frank breakfast Property Week caught up with three of the company's London experts to talk about the state of the market and what the future might hold.
Crossrail will boost London economy by £1.24bn a year says report

26 February 2009

An economic study published today said Crossrail will deliver ‘substantial economic benefits for the whole of London and the South East’ after the east-west London railway opens in 2017.
Eco-dome and chimney swept away in Battersea Power Station redesign

26 February 2009

Real Estate Opportunities has abandoned plans for an ‘eco dome and chimney’ at Battersea Power Station and is working on an alternative scheme which will be lower in height but more dense.
Mace to build Sellar’s Shard skyscraper

24 February 2009

Mace Group has secured the contract to build one of Europe’s tallest mixed-use developments, the Shard at London Bridge Quarter.
Baker Tilly signs in Hull

24 February 2009

Baker Tilly, the accountancy and business advisory firm, has signed up to take the entire first floor of Hull’s Humber Quays office scheme.
Waitrose expands HQ in Bracknell

23 February 2009

Waitrose has taken 30,000 sq ft of office space in Bracknell to support its headquarters operation in the town.
Government extends scheme to save £1.5bn on its property

20 February 2009

The Office of Government Commerce (OGC) will benchmark the performance of all central government property and provide the service for the wider public sector as part of plans to improve the efficiency of the civil service estate.
CBRE Scottish Offices Market View

19 February 2009

A report published this week on the Scottish office market by CB Richard Ellis (Scotland), shows that Aberdeen office market take-up remained robust in 2008 whilst a slowdown in take-up was experienced in Glasgow and Edinburgh.
Second phase unveiled at Sheffield Business Park

19 February 2009

Yorkshire’s largest business park has unveiled plans for a second phase of more than 900,000 sq ft of office and industrial space.
Admiral leads charge into more space in Wales

18 February 2009

Wales-based motor insurance company Admiral Group has expanded into a new Swansea office.
Bradbury Hall Developments wins consent for Chesterfield scheme

18 February 2009

Bradbury Hall Developments has received planning consent for its £20m hotel and office development in Chesterfield town centre, with a unanimous decision from Chesterfield Borough Council’s planning committee.
Boris Johnson backs City developments but seeks hefty Crossrail contribution

17 February 2009

Mayor of London Boris Johnson has backed Irvine Sellar’s Seal House and Land Securities’ Walkie Talkie tower development plans in the City of London but is seeking significant Crossrail contributions from both developers.
Cushman’s Sketchley retires to join Old Park Lane Management

16 February 2009

Cushman & Wakefield’s chairman of its capital markets group Tim Sketchley is leaving the company to join Old Park Lane Management as managing director.
Chord Deeley plans phase one of Brum’s £160m St Georges

16 February 2009

Chord Deeley has submitted a planning application for phase one of its £160m St Georges development in Birmingham’s Jewellery Quarter.
Shareholders give go ahead to Workspace £87m rights issue

13 February 2009

Business space provider Workspace Group’s shareholders today voted in favour of a rights issue that will raise £87m for the company.
Carlyle Group in talks to extend City loan

13 February 2009

The Carlyle Group is in talks with 10 bondholders of a £17m securitised loan regarding an extension of the loan ahead of a looming repayment deadline in April.
Highways Agency parks its deal at Brum’s Cube

13 February 2009

The Highways Agency has completed its deal to sign up for 50,000 sq ft at the Cube in Birmingham.
Occupiers look to property sales as a source of capital says CBRE

13 February 2009

Despite a weakened European commercial property investment market in 2008, sales of property by occupiers remained an important source of activity last year, according to CB Richard Ellis.
Central London property market to recover in 2010 says Knight Frank

12 February 2009

The central London office market will be hit by a vacancy level peak of 12.1% by the end of the year before emerging from the downturn next year, according to Knight Frank.
St Modwen's £750m Longbridge plans win approval

12 February 2009

The government has given the green light to St Modwen’s plans for the £750m redevelopment of the former MC Rover Works site at Longbridge, near Birmingham.
Sir Alan Sugar meets West End agents (video)

11 February 2009

More than 150 of London’s West End agents braved icy conditions and the prospect of being told they were ‘fired’ at a question-and-answer session with Sir Alan Sugar.
Kenmore sees strong letting activity at end of 2008

11 February 2009

Kenmore Property Group sealed 35 deals in the last quarter of 2008 on behalf of three of its funds and three private partnerships.
Olympic legacy masterplan revealed

10 February 2009

The Olympic Legacy masterplan was unveiled today and proposes to create six new ‘character areas’ comprising 10,000 new homes and more than 1.2m sq ft of commercial space.
Survey wants 400,000 office workers' views on London's Midtown

10 February 2009

The views of 400,000 office workers are being sought in a survey that’s looking to help improve the quality of shops, bars and restaurants in Midtown.
2008 ‘exceptional’ year for Brum, but 2009 will be tougher

10 February 2009

‘Exceptional’ deals last year boosted the volume of office lettings in Birmingham last year to the highest level since 2002, but 2009 will be tougher, according to Jones Lang LaSalle’s latest report.
Quadrant Estates gets go-ahead for 100,000 sq ft Kent offices

10 February 2009

Quadrant Estates has got the green light for just under 100,000 sq ft of offices at Eureka Park in Kent.
Central London office vacancy increases by 36.5%

10 February 2009

The amount of vacant office space in central London has increased by 36.5% in the last 12 months according to Cushman & Wakefield.
Office take-up in the M25 increases

6 February 2009

Office take-up in the M25 increased in the last quarter, despite the worsening economic climate, according to Knight Frank.
HF Developments’ G1 breaks Glasgow rental record

5 February 2009

HF Developments’ G1 office development in Glasgow has broken the city’s rental record with a letting to construction consultancy Gardiner & Theobald.
Ecclesiastical takes place at the altar of Spinningfields

4 February 2009

UK insurance firm Ecclesiastical is taking an office in Allied London’s 3 Hardman Square in Spinningfields.
Moscow suffers worst in European rental falls

4 February 2009

Office rents across Europe fell furthest in Moscow, Warsaw and London in the fourth quarter of 2008, research by Jones Lang LaSalle said.
Insurance sector to undergo major transformation says Jones Lang LaSalle

4 February 2009

The insurance sector in the UK will undergo large scale office consolidation and sell property portfolios as it copes with the fall out from the economic downturn and financial crisis according to Jones Lang LaSalle.
USS leases spate of City of London office space

4 February 2009

Universities Superannuation Scheme has leased nearly 26,900 sq ft of office space across the ground, lower ground and sixth floors of Fitzwilliam House at 10 St Mary Axe in the City of London.
IVG Development completes 14 Cornhill in City of London

4 February 2009

IVG Development UK has completed its £60m refurbishment of 14 Cornhill in the City of London.
Take up lowest for 10 years in Thames Valley

3 February 2009

Last year saw the lowest take-up in the Thames Valley, M25 and Greater London office markets for a decade, according to Strutt & Parker’s latest report.
Great Portland secures New Look at Mortimer Street scheme

3 February 2009

Great Portland Estates has agreed to let 60,887/sq ft of offices in its development at Wells & More on 45 Mortimer Street in London’s West End to New Look.
Morgan Stanley to break lease on Canary Wharf building

29 January 2009

Morgan Stanley is planning to exercise its break option on one of its buildings at Canary Wharf.
MLS Group cuts centres to strengthen business

28 January 2009

Serviced office provider MLS Group has closed the majority of its semi-serviced centres in London’s West End as part of a reorganisation of its UK centre portfolio to strengthen the business.
Boris Johnson and developers reach agreement on Crossrail contribution

26 January 2009

Mayor of London Boris Johnson has ended a stalemate with Terrace Hill and Doughty Hanson over their plans for an office scheme in London after the developers agreed to pay a £120,000 crossrail contribution.
BCA says councils will pay £690m in empty rates

26 January 2009

The Business Centre Association (BCA) has suggested that local authorities may be liable to pay up to £690m in business rates on empty property they own.
Dixon to launch £10m start-up initiatitive offering free offices

26 January 2009

British companies must do more to assist each other during the recession, according to a multi-millionaire entrepreneur who will tomorrow launch a £10m initiative to support people trying to set up businesses.
Land Securities completes £74m Fleet Street Estate sale

23 January 2009

The City of London Corporation confirmed today it had completed the purchase of the Fleet Street Estate from Land Securities as revealed by Property Week in October last year.
CBRE's central London office market report

22 January 2009

Central London take-up of 4.1m sq ft in the final quarter of 2008 took the full-year total to 11.7m sq ft, 18% lower than last year’s total.
Occupiers remain cautious in Central London

22 January 2009

The onset of recession has accelerated the downturn in Central London’s occupational office market with demand falling 27% in the fourth quarter of last year, according to Jones Lang LaSalle’s latest Central London Report.
Chelsfield Partners frontrunner for US embassy

22 January 2009

Elliott Bernerd and Sir Stuart Lipton's Chelsfield Partners has emerged as frontrunner to buy the US embassy headquarters in Mayfair, London.
Merseytravel confirms 140,000 sq ft Mann Island move

21 January 2009

Merseytravel, Liverpool’s passenger transport authority, has confirmed it is moving to Neptune Developments and Countryside Properties’ 140,000 sq ft Mann Island site on the banks of the River Mersey.
2008 not the worst performing year in Central London says Atisreal

21 January 2009

Central London lettings in 2008 were down one-third on 2007 figures with take-up falling from 11.8m sq ft to 7m sq ft in 2008 according to Atisreal.
Sellar to develop London Bridge ‘tower cluster’

20 January 2009

Irvine Sellar’s Sellar Property Group has unveiled plans to develop a cluster of towers around London Bridge Station.
Standard Life Investments tackles Brighton seafront again

19 January 2009

Standard Life Investments is restarting plans to carry out a major mixed-use development on Brighton’s seafront in Sussex after putting the scheme on hold last year because of adverse market conditions.
Bupa takes 80,000 sq ft in Staines

19 January 2009

Bupa has agreed to occupy more than 80,000 sq ft at Aberdeen Property Investors’ Pine Trees development in Staines.
Office take-up drops in Bristol

19 January 2009

Office take-up in Bristol last year fell to below the five year average, according to research by CB Richard Ellis.
UK capital values fall ‘without precedent’ says IPD

15 January 2009

UK commercial property returns plunged 5.3% in December, according to the IPD UK Monthly Index, in a month which saw a third consecutive record capital value fall of 5.8%.
Manchester's City Gate sells office to charity

15 January 2009

Edwards & Co has sold a 5,700 sq ft office to national charity, After Adoption
Future of NI Workplace 2010 in balance

14 January 2009

The future of Northern Ireland’s massive civil estate outsourcing contract, Workplace 2010, is hanging in the balance.
Insurance firm grows in Surrey

14 January 2009

Online insurance firm swiftcover.com, part of the AXA group, has relocated its office in Surrey to Cobham.
Major office deal in Dublin

9 January 2009

Law firm William Fry has signed up to take 121,000 sq ft at Grand Canal Square in Dublin’s south docklands for its headquarters.
Sunderland Arc displays Stadium Village blueprints to public

8 January 2009

Sunderland arc has begun a public consultation on the blueprint of its sports and leisure facilities surrounding Sunderland’s Aquatic Centre and the Stadium of Light football ground.
Kenmore signs Balfour Beatty at Merseyside business park

8 January 2009

Kenmore has let an office unit to Balfour Beatty at Puma Court, Kings Business Park, in Knowsley, Merseyside.
Law firm sign for new Cardiff HQ

7 January 2009

Law firm NewLaw has signed up for a 45,000 sq ft headquarters in Cardiff city centre, in a major letting for the Welsh capital.
Co-op opts for Miller Street

6 January 2009

The Co-operative Group is to build its new 400,000 sq ft headquarters on land close to its existing base in Manchester city centre.
Pharmaceutical group seeks new base in Thames Valley

6 January 2009

Pharmaceutical and clinical research giant Quintiles has appointed Cushman & Wakefield to look for a new office base of around 150,000 sq ft in the M4 corridor.
Mould & Vaughan buy L&G’s One Fleet Place

6 January 2009

Property veterans Raymond Mould and Patrick Vaughan’s London & Stamford Property has exchanged conditional contracts with Legal & General to buy an office block in the City of London for £74m.
Highcross plans 1m sq ft Portsmouth scheme

5 January 2009

Property fund manager Highcross has submitted a planning application for a 1m sq ft development on the 100-acre Lakeside North Harbour site in Portsmouth.
CBRE locates Santa's optimum HQ...in Delhi

24 December 2008

According to the EMEA Research and Consulting team at CB Richard Ellis, the best spot for Santa’s global headquarters is Delhi in India.
White Estates leads €86.5m Amsterdam buy

24 December 2008

A consortium led by White Estate Investments has bought an office leased to the Dutch tax authorities in Amsterdam for €86.5m (£82.2m) from Eurocommercial Properties.
HSBC moves Irish HQ to Grand Canal Square

24 December 2008

HSBC Ireland has moved its Irish corporate headquarters to the LOM designed 1 Grand Canal Square in Dublin’s Docklands.
Walsall Gigaport gets go ahead

22 December 2008

The government has given its backing to Walsall Gigaport, a £400m office and technology scheme.
Forth Properties submit plans for waterfront office at Leith Docks

18 December 2008

Forth Properties has submitted a planning application for Pier One, a new, 5,000 square metre commercial development at Leith Docks.
Change at top of GVA Grimley

16 December 2008

GVA Grimley chief executive Bob Barnett is to step down to focus on corporate recovery and insolvency work as part of a new structure at the firm.
Qatari Diar to provide finance for London’s Shard development

16 December 2008

Qatari Diar Real Estate Investment Company is to provide the bulk of development finance for the Renzo Piano-designed Shard development at London Bridge.
Development Securities completes Carnival UK Southampton HQ

16 December 2008

Development Securities said it had completed the development of the Southampton HQ for cruise line company Carnival two months ahead of schedule.
City West takes 22,000 sq ft in Eccles office

12 December 2008

City West Housing Trust has leased nearly 22,000 sq ft in Centenary House in Eccles.
Mark Kingston to leave Tishman Speyer

12 December 2008

Tishman Speyer’s managing director in the UK Mark Kingston is leaving the company.
Hammerson settles Light Bar dispute at Bishop’s Place scheme

10 December 2008

Hammerson has settled its dispute with the leaseholder of a bar located on a site on the eastern fringes of the City of London where the developer is planning its major Bishops Place scheme.
Targetfollow's City of London tower approved

9 December 2008

Ardeshir Naghshineh’s Targetfollow has been given planning consent for a 90m tower at 60-70 St Mary Axe in the City of London.
Go ahead for £45m Northern Gateway project

8 December 2008

Cannock-based Pritchard Group has been given the green light to build a £45m hotel and ‘Employment and Innovation’ centre on the Stafford Road in Wolverhampton.
La Salle Investment Management pulls out of city deal

4 December 2008

La Salle Investment Management has pulled out of taking one floor at Hermes Real Estate's 20 Gresham Street in the City of London.
Goodman gets go-ahead for Brum’s £450m Eastside Locks

4 December 2008

Goodman has got the green light for its £450m, 1.5m sq ft Eastside Locks development in Birmingham.
Green light for Kenmore’s Brum scheme

3 December 2008

Kenmore has won planning permission for its £75m Snow Hill development in central Birmingham.
Uttoxeter plans overhaul of JCB town centre site

3 December 2008

McDowell + Benedetti has won the competition to masterplan the redevelopment of JCB’s Heavy Products site in Uttoxeter, Staffordshire.
Plans unveiled for St Petersburg's eastern fringes

3 December 2008

Architect HOK has unveiled a master plan for St Petersburg aimed at regenerating the eastern fringes of the historic city.
Met Police close to buying iconic Scotland Yard HQ for £120m

2 December 2008

The Metropolitan Police is close to buying its own headquarters, New Scotland Yard in central London, from Land Securities for £120m.
Corovest’s Stockport scheme gets green light

2 December 2008

Stockport Borough Council has granted planning permission for a 26,300 sq ft mixed-use scheme along the River Mersey in Stockport on a gateway site at the junction of Heaton Lane and King Street West.
Computer company flies in to Heathrow

2 December 2008

Orbit Developments has let 13,395 sq ft to IT company Patni Computer Systems for its new European headquarters at Strata House, near Heathrow Airport.
RICS issues further guidance on ‘valuation uncertainty’

29 November 2008

The RICS said valuers must not use Guidance Note 5 in the RICS Red Book in a manner which could cause ‘the client or auditor to question the validity of the valuation, or to qualify a valuation report’.
London’s West End is most expensive office location in the world

28 November 2008

London’s West End and Moscow remain the world’s two most expensive office markets, respectively, while Hong Kong’s CBD, Tokyo’s Inner Central District and Mumbai’s Nariman Point make the top five, according to CB Richard Ellis’s latest office rent research.
Sir Alan Sugar’s former HQ to become hotel

26 November 2008

Sir Alan Sugar’s Brentwood headquarters, used in The Apprentice, is to be redeveloped as a Premier Inn.
Frankfurt/Main Office Market View Q3 2008

26 November 2008

Whilst the Frankfurt market is expected to slow in 2009, bank restructuring is expected to help generate market activity although this is expected to be redistributed towards cheaper periphery locations as tenants become more cost-sensitive.
Global MarketView - Office Occupancy Costs November 2008

26 November 2008

London's West End and Moscow remain the world's two most expensive office markets finds CB Richard Ellis' latest research.
Segro seals largest Thames Valley deal since 2001

25 November 2008

Segro has let 210,000 sq ft to engineering company Fluor at IQ Farnborough, in the largest Thames Valley occupational deal since 2001.
EasyOffice expands in London and Glasgow

24 November 2008

Sir Stelios Haji-Ioannou’s easyOffice business, designed to help start-ups with low-cost office space, is expanding with two new sites opening in London and Scotland.
Edinburgh Council to buy own headquarters for £90m

19 November 2008

Edinburgh City Council is under offer to buy its headquarters from Aviva for £91m in a move to save taxpayers nearly £38m in the long run.
Brussels Office Market View Q3 2008

17 November 2008

Office take-up in Brussels totalled nearly 120,000 sq m in the third quarter taking the year-to-date total to nearly 350,000 sq m.
JP Morgan agrees deal at Canary Wharf

17 November 2008

US bank JP Morgan has confirmed plans to move to London's Canary Wharf in a £237m deal.
Northern Ireland’s Ards Business Centre launches £3m development

13 November 2008

Northern Ireland’s Ards Business Centre is to open a £3m serviced development in Newtownards, County Down.
M25 Offices report for Q3 2008

7 November 2008

Knight Frank's latest report looks at the M25 Offices, focusing on investment, development and occupiers.
Prague Offices market report

7 November 2008

Office completions in Q3 put upward pressure on vacancy in Prague, finds CBRE’s latest market report.
BCSC 2008: Treasury Holdings unveils Ballymun regeneration plans

11 November 2008

Treasury Holdings has unveiled its plans for the regeneration of Ballymun town centre in North Dublin following a six-year protracted pre-planning process and the end of a dispute with Dublin City Council.
Thornfield appoints new architect for Smithfield scheme

10 November 2008

Thornfield Properties has appointed a new architecture team to redesign its plans for Smithfield Market in the City of London replacing architect Kohn Pedersen Fox.
CBRE Dublin office market view

7 November 2008

CBRE's latest market research into Dublin offices finds that the vacancy rate is up, despite a strong take-up.
CBRE’s Berlin office market view Q3 2008

7 November 2008

Office vacancy stable as take-up falls behind 2007 level
St Modwen starts on site in Stoke

4 November 2008

St Modwen has started construction on Stoke-on-Trent’s largest new office building - a £30m call centre for Vodafone UK.
Northern Ireland’s Workplace 2010 delayed again

4 November 2008

Northern Ireland’s massive outsourcing Workplace 2010 initiative has been suspended until next year because of the potential controversy and confusion if the two short listed parties Land Securities Trillium and Telereal merge.
Government overturns Islington's block on 39-storey Derwent London tower

4 November 2008

Derwent London has been granted planning consent for the 400,000 sq ft scheme in London’s East End
UK property losses rack up due to mounting capital value deflation, says IPD

3 November 2008

The all property total return index fell for the fifth consecutive quarter, over the three months to 30th September 2008, falling -4.8%, according to the IPD UK Quarterly Property Index
Demand from occupiers falls at fastest rate in decade, says RICS

3 November 2008

The demand for commercial property during the third quarter fell at the fastest pace in a decade, according to the RICS’ Commercial Property Survey published today.
Property sales to increase in next six months says CBI and GVA Grimley

31 October 2008

Most companies are feeling the effect of the credit crunch and planning to reduce their property holdings, according to the Confederation of British Industry and Grimley Coporate Real Estate.
Network Rail sign with Milton Keynes Partnership for new national headquarters

30 October 2008

Network Rail has signed an agreement with Milton Keynes Partnership to develop a new national centre for the transport company in Milton Keynes, Buckinghamshire.
Varied tenant base shores up Munich’s Q3 office market, finds CBRE research

30 October 2008

Against a background of growing economic uncertainty, the strength of Munich’s economy is providing some protection to its office market, new research by CB Richard Ellis has found.
Central London offices market enjoys 17% increase in take-up to 2.5m sq ft

29 October 2008

Take-up in the central London offices market increased by 17% to 2.5m sq ft, finds CB Richard Ellis’ research into the third quarter.
Terrace Hill lets 15,000 sq ft at Manhattan Gate to Hertel

28 October 2008

Hertel has agreed to relocate its UK HQ to Tees Valley business park development Hudson Quay 1, Manhattan Gate, Middlehaven in Middlesbrough.
Leeds United submits Elland Road redevelopment

28 October 2008

Leeds United has submitted a planning application to Leeds City Council today seeking the redevelopment of its Elland Road grounds.
P&O Estates Waterloo redevelopment plans called in

27 October 2008

Hazel Blears MP has called in P&O Estates and Morgan Stanley Real Estate plans for a major redevelopment next to Waterloo station.
Quintain gets go ahead for first major office development in Birmingham’s Eastside

24 October 2008

Quintain Estates & Development has received planning permission to push ahead with an office development in Birmingham’s Eastside regeneration area.
Stobart writes down stake in Plantation Place to zero

23 October 2008

Stobart Group, the transport and logistics company, has written down the value of its stake in the office scheme One Plantation Place to nil.
Walsall ‘Gigaport’ gets go ahead

22 October 2008

A £400m Walsall ‘Gigaport’ has received outline planning consent.
GVA appointed on 1,483 acre regeneration project

22 October 2008

GVA Grimley has been put in charge of masterplanning the regeneration of 1,483 acres on the north bank of the River Tyne.
Invista sells E56m (£44.2m) of French offices

22 October 2008

Invista European Real Estate Trust has sold two French office properties to German fund manager Pramerica for E56m ( £44.2m).
Half of local authority buildings in ‘poor condition’ says DTZ

22 October 2008

DTZ said that well over half of the buildings owned by UK local authorities are in poor condition and impacting council costs and productivity.
Dublin office market has strong third quarter

22 October 2008

Dublin's office market had a strong third quarter with take-up significantly up on the second quarter according to CB Richard Ellis.
Ashwell gets go-ahead for £800m Cambridge scheme

21 October 2008

Ashwell has got the green light for its revised plans for the £800m Cb1 development in Cambridge.
Heron’s Mark McAlister flies nest for Colliers Godfrey Vaughan

21 October 2008

Mark McAlister has left Gerald Ronson’s Heron International and will join Colliers Godfrey Vaughan as a director in its City of London agency team.
Office Development Awards a roaring success

21 October 2008

The big names of the offices sector from the West End, City and out of town and regional markets joined Property Week at the Brewery in London's Chiswell Street to celebrate their achievements over the last year.
Quorum sells at Newcastle-under-Lyme’s Rosevale Business Park

21 October 2008

Property company Quorum has sold an office building at Rosevale Business Park in Newcastle-under-Lyme to Bennett Architectural Solutions.
Citi to sublease three floors at Canary Wharf

Global Russia October 2008

It said today it had instructed Knight Frank and Cushman & Wakefield to market floors 22 to 24 totalling 87,000 sq ft. The quoting rent has not been revealed. The space will be available for occupation by the middle of next year.
Credit crunch hits data centre market

16 October 2008

The usually buoyant data centre market has finally been affected by the credit crunch, finds CB Richard Ellis’ latest report on the sector.
Stonemartin in exclusive talks to sell its ‘Corporate Centres’ subsidiary

16 October 2008

Serviced office operator Stonemartin said today it was in exclusive talks with one party to buy its main trading subsidiary Stonemartin Corporate Centres.
Trio of tenants for St Modwen's Haletop Parade

16 October 2008

St. Modwen has let three out of seven retail spaces as it gears up to the mid-December opening of its £2.2 m extension to Haletop Parade, South Manchester.
Igloo completes its £60m Bermondsey Square development

16 October 2008

Igloo Regeneration has completed its £60m Bermondsey Square regeneration scheme in Southwark, London.
DevSecs takes 50% stake in £35m Manchester office

15 October 2008

Development Securities has bought a 50% stake in Property Alliance Group’s £35m Axis tower in Manchester.
Central London take up and investment falls by a third

14 October 2008

Take up fell by a third across Central London while investment volumes fell 30% to £1.2bn during the third quarter of the year, according to Jones Lang LaSalle.
Argent teams up for Manchester development

14 October 2008

Argent and The Greater Manchester Property Venture Fund (GMPVF) have formed a joint venture to develop a 350,000 sq ft office scheme in Manchester city centre.
MEPC deal at Chineham

13 October 2008

MEPC has secured Talaris, the leading cash handling company, to take a new headquarters at Chineham Park in Basingstoke.
Canary Wharf’s Wood Wharf given green light

10 October 2008

Plans for a major waterside development at the London’s Canary Wharf estate was granted outline planning consent by Tower Hamlets council last night.
M25 offices faring better in credit crunch than in dot com bubble burst

10 October 2008

Take-up in the M25 office sector is faring better following the credit crunch than it did after the dot com bubble burst, according to Knight Frank.
Second-hand office space threatens West End rents

8 October 2008

West End occupiers affected by the global economic turmoil are bringing more second-hand space to the market, threatening the resilience of the areas high rents.
Kenmore sells in Norway

6 October 2008

Kenmore has sold an Oslo offices building and two property portfolios in Norway for around £41m (NOK 421m).
Paul Myners steps down as LandSecs director and chairman

3 October 2008

Land Securities’ director and chairman Paul Myners has stepped down from his position at the UK’s largest REIT.
Signa Deutschland’s deal at Milton Gate stalls

3 October 2008

Signa Deutschland’s plan to buy Milton Gate in the City of London is under threat after it was unable to secure bank financing.
Big City investment deal collapses again

3 October 2008

A major investment deal in the City of London has fallen through as the credit crisis continues to wreak havoc.
FF&P to sell Moscow offices as new Russian winter sets in

3 October 2008

DEGI to pay £101m for properties let to Delta and General Motors
Wilson Bowden sales buffeted by bears

3 October 2008

Offices and retail under offer at discounts, but industrial disposals falter
Vacancy rates rise in every London office market

2 October 2008

Vacancy rates have risen in every London office market, according to Atisreal’s latest research.
West End investment plummets by 40%

1 October 2008

Investment deals in the West End have plunged by 40% since the second quarter of the year, research by Savills has shown.
Irish property market crippled by lack of bank funding says CBRE

1 October 2008

Conditions in the Irish commercial property market have continued to deteriorate because of its weakening national economy and the global financial crisis, according to CB Richard Ellis.
Welsh Assembly grant safeguards property jobs

30 September 2008

The Welsh Assembly has stepped in to ‘safeguard the jobs’ of a Welsh residential developer with a grant to allow the company to move into the commercial development.
Waterloo Road plans unveiled

30 September 2008

ORM has unveiled its plans for a seven storey office building on Waterloo Road in London.
EDS buys 300,000 sq ft shed

29 September 2008

Outsourced data centre operator Electronic Data Systems (EDS) has bought a 300,000 sq ft shed from Helioslough and British Airways Pension Trustees at Wynyard Park in the North East
Ashford reveals plans to property world

29 September 2008

The town of Ashford, Kent hosted a developers briefing last week to unveil its proposals for its £2.5bn development strategy.
JP Morgan Asset Management has teamed up with Exemplar to buy Richmond Riverside for around £42m.

26 September 2008

It is thought the price paid reflects a 7.25% yield.
Degi takes a E440m stroll through Prague’s ‘Park’

24 September 2008

Degi has bought 1.25m sq ft of offices in Prague for E440m (£349m).
Land Securities submits plans for 426,000 sq ft development in Victoria

24 September 2008

Land Securities has submitted a planning application for a 426,000 sq ft development in London’s Victoria.
Vote for your City Deal of the Year

22 September 2008

The 2008 Office Development Awards are once again giving Property Week readers the chance to vote for the best City of London Deal of the Year for 2007/08.
Cost still top of occupier agenda

22 September 2008

Business drivers, including costs, available talent and proximity to the marketplace are still the key factors which influence where occupiers choose to move - but the quality of real estate is becoming more important, according to a panel at CoreNet Global in Berlin.
Luxury residential market slowing says Nick Candy

19 September 2008

The residential market is going to be tough for the next two years and even extremely wealthy buyers are considering home purchase more carefully, said Nick Candy.
Fowlds: difficult times but no repeat of 1990s ‘carnage’

19 September 2008

There will not be the ‘carnage’ of the early 1990s, but the industry is facing difficult times, said one of the UK’s top property investment bankers.
IBM picks JLL, CBRE and Atisreal in Europe

19 September 2008

IBM has appointed a trio of advisers to advise on its 20m sq ft European property portfolio.
Lipton predicts private property company pain

19 September 2008

Rents to fall further and services firms to suffer over next two years
Offices 08 speakers urge calm as 10% wiped off property in a day

19 September 2008

The turbulent events of this week, from Lehman Brothers’ collapse to Bank of America’s deal with Merrill Lynch, may have wiped 5%-10% off the value of property in a day, reported speakers at Offices 08.
Green light for 600,000 sq ft City of London scheme

18 September 2008

Insurance company Generali with joint venture partner Babcock & Brown through their Saxon Land joint venture have got the go ahead for a 600,000 sq ft, scheme at 120 Fenchurch Street.
Watch Mike Slade interview from Offices 08

18 September 2008

See Mike Slade talking about the office market.
Change at the top for CBRE offices team

17 September 2008

CB Richard Ellis' head of national office agency James Brounger is moving to the firm's Southampton office to take up the role of deputy managing director.
See Stephen Hester's keynote speech from Offices 08

17 September 2008

Watch the speech made by British Land chief executive Stephen Hester to delegates at the Offices 08 conference.
Barclays buys Lehman's North American businesses and property for £1bn

17 September 2008

Barclays has bought Lehman Brothers’ North American investment banking and capital markets businesses.
Her Majesty’s Court seals second letting on Fetter Lane

17 September 2008

Delancey and Invista Real Estate Investment Management have increased the occupancy at their Fetter Lane development in the City with a letting to Her Majesty’s Court Service.
Commerz Real buys Great Portland office

17 September 2008

Great Portland Estates has sold 180 Great Portland Street in London's West End to Commerz Real for £79.5m.
Occupiers vs Landlords: the debate at Offices 08

16 September 2008

Office occupiers don't get a raw deal delegates at the Offices 08 agreed, following a heated debate.
Watch Toby Courtauld talk about the London office market

16 September 2008

Toby Courtauld, chief executive of Great Portland Estates, talks about the prospects of the London office market in the credit crunch.
Insolvency Service signs at Piccadilly Place

16 September 2008

The Insolvency Service is to move to Carlyle Group and Argent’s Three Piccadilly Place in Manchester.
'Business parks are not dead' says industry

16 September 2008

Business parks received a spirited defence from some of the top names in the sector at Offices 08 in Newport today.
Ecclesiastical’s new HQ divine for Gloucester regeneration

16 September 2008

Ecclesiastical Insurance, the listed insurance company, has confirmed it will build a new 125,000 sq ft head-quarters in Gloucester’s Southgate Moorings.
Chartered Land confirms major Dublin office letting

16 September 2008

BCM Hanby Wallace has completed a deal to take 150,000 sq ft of office space at Chartered Land's 2 Grand Canal Square in Dublin, Ireland.
Eurohypo finances £1bn of UK property

16 September 2008

Eurohypo’s UK team has financed deals with £620m over the summer, it was revealed today.
'Build village greens' says Sir Stuart Lipton

15 September 2008

Developers must return to the 'village green' ethos to create successful offices in the future, according to Sir Stuart Lipton, speaking at Offices 08.
Brave developers should head for the regions now

15 September 2008

The brave should start developing in regional cities now, despite the 'thin' occupier market in some locations - that's the message from Offices 08
London 'will avoid repeat of nineties' property carnage'

15 September 2008

There will not be the 'carnage' of the early 90s, but London's property industry is in unchartered territory, according to top names speaking at Offices 08.
Lehman troubles could signal bottom of the market, says Hester

15 September 2008

Building speculatively 'does not make sense' in this market, British Land's Stephen Hester told delegates at Offices 08 in Newport this morning.
Offices 08 underway in front of packed house

15 September 2008

The office market event of the year is underway at the luxurious Celtic Manor resort in Wales.
Lehman Brothers files for bankruptcy protection

15 September 2008

European stock markets plunged this morning as the financial sector was thrown into turmoil after US investment bank Lehman Brothers filed for bankruptcy protection.
IPD: Property total returns fall by -1.1% for August

12 September 2008

Property returns are slowly improving.
Deka buys Moorhouse office scheme

12 September 2008

Hammerson and partner Pearl Assurance have sold their £230m Moorhouse office scheme to German fund Deka Immobilien Investment.
Birmingham office scheme cuts rent to attract tenants

12 September 2008

Rents at a Birmingham office development on Newhall Street have been cut from £28/sq ft to £25/sq ft to attract an occupier.
City scheme pair set for approval

12 September 2008

Two island sites in the City of London that could hold more than 800,000 sq ft of offices have been recommended for approval.
Developers to foot bill as Croydon arena dream dies

12 September 2008

Borough council has no obligation to help partners with £7m-plus costs
Tall buildings could boost London output by £206m a year, says BPF

12 September 2008

Tall buildings in London’s city centre offer ‘clear economic benefits’, a British Property Federation report has found.
Town Centre Securities sees 7% fall in net asset value

10 September 2008

Town Centre Securities, the Leeds based property and development company, has been hit by a 7% fall in net asset value after writing down its property portfolio by 15.7% to £450m.
News Corporation confirms it will stay in Wapping

10 September 2008

News Corporation today confirmed it will not carry out a 500,000 sq ft office relocation in London but instead plans to redevelop its Wapping site to create an ‘innovative campus for its UK business’.
Tall buildings ‘offer clear economic benefits’ says report

9 September 2008

Tall high density developments offer ‘clear economic benefits through an increased output of staff’ according to an independent research report launched today.
Orchard recruits two for planned growth

8 September 2008

Orchard Street Investment Management has recruited Phillip Rodger, a senior Jones Lang LaSalle director, as its head of asset management.
JER Partners begins Central and Eastern European investment drive

5 September 2008

JER Partners has set up an office to take advantage of opportunities in Central and Eastern Europe and has poached three senior GE Real Estate directors to spearhead the investment drive.
Software group homes in on McCabe’s Belfast scheme

5 September 2008

US software company signs at Adelaide Exchange, joining Citi in Northern Irish capital
OGC launches guide to ‘revolutionise’ Civil Service property strategy

4 September 2008

The Office of Government Commerce and workplace change consultants DEGW have launched a publication aimed at modernising Civil Service ways of working
British Land subsidiary appointed to run Scottish office park

3 September 2008

British Land subsidiary Broadgate Estates has been appointed to run Tritax Securities' £330m Maxim.
Tenants drop green issues in favour of cheaper rents

3 September 2008

Green issues have dropped to the bottom of London’s occupiers expectations in their decisions to lease new office space, research by Knight Frank has said.
Terrace Hill lets Wilton Road

2 September 2008

Terrace Hill has let more than 22,000 sq ft at its recently completed 129 Wilton Road mixed-use development in London’s Victoria
Ealing Council sued for not revealing Crossrail plans

2 September 2008

Ealing Council is being sued for more than £2.5m after it failed to tell a property developer that a site it was buying was safeguarded for Crossrail
Grantside’s chocolate plans squashed

1 September 2008

York City Council has refused to grant planning consent to privately-owned developer Grantside’s £185m plans for the redevelopment of the former Terry’s Chocolate factory.
LaSalle secures letting deals at Ibex House in the City of London

1 September 2008

LaSalle Investment Management has let two floors, totalling more than 36,000 sq ft, at Ibex House in the City of London.
Miller gets green light for Aberdeen energy HQ

29 August 2008

Miller Cromdale, a joint venture between Miller Developments and Aberdeen-based developer Cromdale, has won consent for a 222,000 sq ft office scheme at Aberdeen harbour.
Investor pulls out of £190m ING deal

29 August 2008

Deal falls through on City property for second time in jittery market
Forth Ports planning win brings a new Leith of life to Scottish docklands

27 August 2008

Forth Ports' plans for Edinburgh’s Leith Docks, the largest planning application ever submitted in the Scottish capital, were given outline approval by the city council today.
British Land's Stephen Hester takes up non-exec role at RBS

27 August 2008

Stephen Hester, chief executive at British Land, is to take up a position as a non-executive director of The Royal Bank of Scotland Group.
Clydesdale Bank moves to Stockland’s City of London office scheme

26 August 2008

Clydesdale Bank has agreed terms to take 15,630 sq ft at Stockland’s 33 Gracechurch Street office scheme in the City of London.
ING sews up Kajima’s Savile Row buy

26 August 2008

Kajima has bought a Mayfair office building from ING Real Estate for £40m.
Irish commercial property market ‘at virtual standstill’ says CB Richard Ellis

26 August 2008

The Irish property investment market is at a ‘virtual standstill’ ahead of the autumn selling season with investment totals for the first half of the year down significantly from previous years, said CB Richard Ellis today.
Murdoch and Google searches shelved

22 August 2008

Downturn forces News International and search engine to rethink London relocations
Citi confirms Crossrail letting at Canary Wharf

21 August 2008

Citi has confirmed that Crossrail is to sublease 116,000 sq ft of space at Citi’s 25 Canada Square office in London’s Canary Wharf.
Rents in Cardiff could rise, says Atisreal

21 August 2008

The market in Cardiff is tough but the lack of development in the city means rents could still rise, according to research from Atisreal’s Cardiff office.
LandSecs sells 50% stake in Empress State to Liberty International

20 August 2008

Land Securities has sold a 50% stake in one of West London’s biggest properties Empress State to Liberty International.
Standard Bank to move to Hermes’ 20 Gresham Street

20 August 2008

Standard Bank has exchanged contracts to move to Hermes Real Estate’s 20 Gresham Street development in the City of London.
AFI Development secures further approval for major Russia scheme

20 August 2008

AFI Development has received further planning approval for its $7.6bn (£4bn) scheme in Kuntsevo in Moscow, Russia.
Plans submitted for £200m Leicester scheme

19 August 2008

Leicester-based developer Bowbridge Group has submitted plans for the £200m redevelopment of the former Corah factory in Leicester city centre.
Bristol market down but not out in tougher conditions

18 August 2008

Investment transactions and leasing activity in the Bristol office market have slowed, but not halted completely, in the first half of 2008, according to the latest research by CB Richard Ellis.
US group to buy ING's 88 Wood Street in City of London

15 August 2008

Atlantic Property Partners is under offer to buy ING Real Estate’s 88 Wood Street in the City of London for around £190m.
UBS buys head lease at Vintners Place in London

14 August 2008

UBS Global Asset Management’s UBS Secure Income Property Fund (SIPF) has acquired an intermediary head lease interest in Vintners Place, Upper Thames Street, in London EC4 for £11m.
Goodman to develop Oxfordshire nuclear site

14 August 2008

Goodman has been selected to partner the government on the development of a 750 acre science park development in Oxfordshire.
Vehicle quango expands in Swansea

13 August 2008

The Vehicle and Operator Services Agency, which oversees MoT testing, has signed up for more than 30,000 sq ft in Swansea for expansion space.
EEDA and English Partnerships hunt for Hemel development partner

13 August 2008

English Partnerships and the East of England Development Agency are seeking a development partner for a 33 acre site within Hemel Hempstead’s Maylands Business Park.
Deka to buy Hammerson’s Moorhouse in the City of London

12 August 2008

German fund manager Deka is under offer to buy Hammerson and Pearl Assurance’s Moorhouse office scheme in the City.
New ratings values could knock West End

12 August 2008

The rating revaluation that will be introduced in 2010 could reduce the commercial viability of West End offices.
Lend Lease-led consortium agrees plans for £1.5bn development of Elephant & Castle

12 August 2008

A Lend Lease-led consortium has formalised its development agreement with Southwark Council for the £1.5bn development of Elephant & Castle in London.
Workspace resilient in spite of economic gloom

11 August 2008

Workspace unveiled resilient first quarter results today, despite the challenges facing the UK economy.
AIB to take space at Manchester’s Vantage Point

11 August 2008

Allied Irish Bank has agreed a 16,000 sq ft prelet at Hardman Estates Vantage Point office scheme in Manchester’s Spinningfields’ district.
Rightacres buys British Gas Cardiff HQ

8 August 2008

Cardiff-based developer Rightacres has bought British Gas’s former HQ in Cardiff for £12m, as part of the utility group’s relocation to Rightacres and MEPC’s Callaghan Square scheme in the city.
Aurora and Premier Property to redevelop major Manchester office

8 August 2008

Aurora Property Developments and Premier Property Group have submitted a planning application to redevelop 22-26 Cross Street, next to The Royal Exchange in Manchester.
City licks wound over JP Morgan defection to CanaryWharf

08 August 2008

Investment bank deals hammer blow to Square Mile.
Orrick signs up in the City

08 August 2008

Orrick, Herrington & Sutcliffe has agreed to take 80,000 sq ft at 107 Cheapside in the City of London in the second large deal agreed at the scheme in two weeks.
Thornfield to revise its Smithfields plans following rejection

7 August 2008

Thornfield is to re-submit revised proposals for its redevelopment of Smithfield’s market in London following the decision this morning by the secretary of state to reject its scheme.
Thornfield Properties loses battle to develop Smithfield Meat Market

7 August 2008

Thornfield Properties and the City of London’s plans to redevelop the famous Smithfield market are in disarray after Hazel Blears rejected the scheme.
Cheapside attracts US law firm

7 August 2008

Orrick Herrington & Sutcliffe has agreed to take 75,000 sq ft at 107 Cheapside in the City of London in the second large deal agreed within two weeks.
ING’s €70m Belgium sale

6 August 2008

ING Real Estate has sold the Ilot Saint Michel mixed-use scheme in Liege, Belgium, to Irish Life Assurance for €70m (£55m).
Regent Street plans can go ahead

6 August 2008

Vexatious litigant Terence Ewing’s attempt to launch legal action against the Crown Estate’s £750m redevelopment plans on Regent Street has been kicked out by a High Court judge.
MEPC seals two deals at Bridgewater Place

5 August 2008

MEPC has let around 23,000 sq ft at Bridgewater Place in Birchwood Park in Warrington.
Developers fall in line for £350m Ministry of Defence plans

4 August 2008

Defence Estates, the property arm of the ministry of Defence, has shortlisted five developers for a £350m regeneration project at Catterick Garrison town centre.
Quintain Estates plans City Park Gate development

4 August 2008

Quintain Estates has submitted planning for the first phase of its City Park Gate development in Birmingham.
City of London take-up at lowest for four years

4 August 2008

The City of London recorded its lowest take up in four years last quarter, research from Knight Frank has said.
JP Morgan pulls out of 1m sq ft City move in favour of Canary Wharf

1 August 2008

JP Morgan has pulled out of plans to relocate to a 1m sq ft development in the City of London and has entered into exclusive talks with Canary Wharf group to relocate to the Docklands.
Abu Dhabi’s Mayfair prize

01 August 2008

Lancer Property Asset Management, which manages for the Abu Dhabi royal family, is frontrunner to buy Lazard’s Mayfair headquarters for £130m.
Austrian Milton Gate interest signals tentative City revival

01 August 2008

Fund places £150m scheme under offer as German and Middle Eastern investors look at buying
Hammerson hit by Shoreditch bar reprieve

01 August 2008

Hammerson’s plans to develop its Bishop’s Place scheme on the fringe of the City of London were dealt a blow last week after its planning application was deferred.
Office take up declines in Midtown, Soho and Southbank

31 July 2008

Office take up has declined and availability increased in Midtown and Soho while the Southbank has ‘bucked the trend’ during the second quarter of the year, according to EA Shaw.
Shaftesbury reports healthy demand for West End retail

31 July 2008

Shaftesbury’s west end retail investment strategy is continuing to produce results for the company.
British Land’s £160m Birmingham tower not good enough, says CABE

31 July 2008

British Land’s plans for a 35-storey Birmingham office tower are ‘confused’, the Commission for Architecture and the Built Environment (CABE) has said.
Thames Valley faces 'bleak' Q3 and Q4

30 July 2008

The Thames Valley occupational market remained buoyant in the second quarter of 2008 – but it is unlikely that it will continue to hold up, according to new figures from King Sturge.
Central London office rents to plunge 20%

30 July 2008

Central London rents are expected to fall by 20% over the next two years, a report by the British Council of Offices (BCO) has said.
Warner gets go-ahead in Brum

29 July 2008

Warner Estate Holdings has got the green light for the refurbishment of a 95,000 sq ft office building in the centre of Birmingham.
Cow moo-ves into Bermondsey Square

29 July 2008

Igloo Regeneration has secured the first prelet at its £60m Bermondsey Square development in Southwark.
IVG confirms 14 Cornhill lettings in City of London

29 July 2008

IVG Real Estate has confirmed four lettings at its 14 Cornhill development in the City of London.
Chantry’s New Cheshire Business Park plans approved

28 July 2008

Chantry Developments has secured hybrid planning permission for a 215,280 sq ft business park in Northwich, Cheshire.
Reckitt Benckiser cancels HQ move

25 July 2008

Reckitt Benckiser has called off its hunt for a new European headquarters in the Thames Valley.
Hammerson dealt Bishop's Place planning blow

25 July 2008

Hammerson's plans to develop its major Bishop's Place scheme in Hackney were dealt a blow last night after council members voted to defer determination of the planning application.
Fortis’s Cheapside win

25 July 2008

Fortis Bank has won the battle to take the top floors of St Martins Property Group’s 150 Cheapside scheme in the City of London.
Laura Ashley’s HQ threat

25 July 2008

Laura Ashley’s deal to move its headquarters and distribution hub on to a single site in Milton Keynes could be in jeopardy.
Salmon to demolish unlet buildings

25 July 2008

Developer’s new strategy is a protest against tax
P&O wins battle but not war for £1bn Waterloo plans

24 July 2008

Lambeth Council has said it is minded to grant planning consent for a £1bn scheme at London’s Waterloo station.
Double Midlands win for Ballymore

23 July 2008

Ballymore romped home with two wins for its Snowhill development in Birmingham at the Midlands Property Awards at the International Convention Centre in Birmingham last night.
Hackney planners back Hammerson’s City of London Bishop’s Square plans

22 July 2008

Hackney Borough Council's planning officers have recommended approval for Hammerson’s first phase of its £700m Bishop’s Quarter plans.
Rio Tinto looks for partner to strike gold in St James’s Square

22 July 2008

Rio Tinto is seeking a joint venture partner to redevelop its former headquarters at St James’s Square in London’s West End.
Derwent London confirms Cancer Research is to head to Angel

21 July 2008

Derwent London has agreed a 140,000 sq ft prelet to Cancer Research at its Angel Centre building in London’s Islington area.
JP Morgan to offload 250,000 sq ft at Bear Stearns block ahead of rescue deal

18 July 2008

article published as 'Canary crunch' in the magazine.
Manchester buzzing with Argent and council Hive deal

11 July 2008

Northern Quarter arts hub project flies again after council agrees to back it
Stelios slams Dixon in press slander row

11 July 2008

Easyjet founder’s dispute with Regus boss escalates over FT interview
Knight Frank: West End office take up increases but City falls

9 July 2008

The West End office market saw increased take up in the second quarter of the year but the City of London’s take up has declined, says Knight Frank.
Central London office lettings slump, says Atisreal

9 July 2008

Central London office lettings slumped by almost a quarter between the first and second quarters of the year, research by Atisreal has said.
Dublins office market weakens

9 July 2008

Dublin’s office market is weakening in the face of decreasing occupier demand and deteriorating economic conditions, says CB Richard Ellis in it Dublin Office Q2 Market report.
Lone Star raises €700m from banking club

8 July 2008

Lone Star has raised more than €700m (£556m) of bank finance for its €1bn (£795m) purchase of a Deutsche Post property portfolio in Germany.
South Manchester lures Stockport occupier

7 July 2008

Goodman has secured a major pre-let at its Manchester Business Park in a boost for the south Manchester office market.
DevSecs lands Vodafone at Paddington

4 July 2008

Development Securities has confirmed today that Vodafone is under offer to take 92,000 sq ft at One Kingdom Street, part of the Paddington Central development.
Government kicks off public sector property review

3 July 2008

The Government has launched a major review of its property in a bid to cut costs and improve efficiency.
Segro sells in Poland

3 July 2008

Segro has sold a newly developed office building in Warsaw, Poland, for just under €60m, to Commerz Real.
Carlyle and Crown buy biggest New York retail investment this year

2 July 2008

Global private equity firm The Carlyle Group and Crown Acquisitions, founded by Stanley Chera, have bought the controlling interest in the retail element of 666 Fifth Avenue for $525m (£263.3m).
Newcastle Quayside scheme wins approval after public inquiry

2 July 2008

George Wimpey's plans for a mixed use development on Newcastle's quayside have been granted planning permission following a public inquiry.
PM Gordon Brown seals Westfield’s Stratford development plans

1 July 2008

Australian developer Westfield has reached a series of agreements with the local and Olympic authorities finalising its £4bn plans development of Stratford City in a high profile meeting with Prime Minister Gordon Brown today.
Office Development Awards 2008 – entry deadline extended!

30 June 2008

The entry deadline has been extended so you have one more week to submit your entry to the Office Development Awards. 11 awards will be presented, judged by a panel of highly respected commercial property experts, who will tour the country to visit all the short listed projects.
Gladman launches new M5 business park

27 June 2008

Gladman Developments has received detailed planning permission for 150,000 sq ft of new industrial and office space for Cullompton Business Park.
Trocadero owner Aziz buys two nearby buildings for £57m

27 June 2008

Asif Aziz, the owner of the famous Trocadero building in central London, has snapped up two nearby buildings for £57.2m.
Castlemore abandons £275m Leeds scheme

27 June 2008

After buy-to-let woes, credit crunch now hits city’s regeneration plans
FA on way to Wembley

27 June 2008

The Football Association is pressing ahead with plans to assign the lease of its Soho Square headquarters following its decision to move to Wembley stadium in north-west London.
UK & European belts up £63m Orion House in Covent Garden

27 June 2008

Lewis Family Trust’s real estate arm swoops on struggling Midtown sale
Vacant office space in the City of London has rocketed

26 June 2008

The amount of available office space in the City of London has increased by 90% in the last year, NB Real Estate said today.
Offices 08 Video

25 June 2008

Find out about the essential new conference and networking opportunity for 2008 - Offices '08 - to be held in Newport at the luxurious Celtic Manor resort this September.
Tiger’s £200m Edinburgh plans let off the leash

25 June 2008

Tiger Developments has been granted planning permission for a £200m mixed-use development at Edinburgh’s Haymarket.
Shard construction contracts in place

25 June 2008

The development of Europe’s tallest tower The Shard moved a step closer today after Irvine Sellar’s property company awarded a number of key construction contracts.
British Gas signs in Cardiff

25 June 2008

MEPC and Rightacres have signed up British Gas to their Callaghan Square development in Cardiff, in the largest letting in the area this year, as tipped by Property Week (20.06.08).
Castlemore gets consent for Glasgow office scheme

24 June 2008

Castlemore has been granted planning consent for a 250,000 sq ft office building on Glasgow’s St Vincent Street.
Indigo Blu under way in Leeds

24 June 2008

Maple Leaf Securities has begun work on its Indigo Blu in Leeds, which is set for completion in 2009.
Baker Tilly confirms Manchester Spinningfields move

23 June 2008

Baker Tilly has confirmed it will move to Allied London’s Spinningfields development in Manchester .
Spanish company makes UK debut

23 June 2008

Allegra European Holdings has bought 5 King William Street in the City of London in its UK debut.
Norseman plans Derbyshire's largest office building

23 June 2008

Derbyshire-based developer Norseman Investments has unveiled plans for a £150m office development opposite the Westfield Derby shopping centre.
MEPC picks agents for Granta Park

23 June 2008

MEPC Granta Park has appointed Cushman & Wakefield as national agents to market the Cambridge science park along with local agent Jeffersons Commercial.
Soho 'Silver Street' gets go ahead

20 June 2008

Mark Steinberg’s City & General has been granted planning consent for a 20,000 sq ft mixed use scheme at Beak Street in London’s Soho.
Time running out for £330m Jersey plan

20 June 2008

Irish developer Harcourt’s legal battle puts scheme under threat
DevSecs reassures north-west with £45m Axis tower coup

20 June 2008

Property company sets up joint venture to develop Manchester office building
Hammerson set for bidding war

20 June 2008

A bidding war to occupy Hammerson’s 60 Threadneedle Street development in the City of London is under way.
Utilities power up Welsh office market

20 June 2008

Centrica and Swalec in talks at Callaghan Square and Celtic Springs
Noho Square design work mothballed

19 June 2008

Candy & Candy’s luxury residential development square has been delayed while its backers seek further construction funding.
HBOS takes Teesdale office

18 June 2008

HBOS has signed up for an administrative office at Terrace Hill’s Teesdale Business Park in Stockton on Teeside.
Bristol rents more expensive than Barcelona

16 June 2008

Office rents in Bristol are higher than those in Washington DC, Munich and Barcelona, according to new research from Knight Frank.
Gladedale subsidiary gets consent for 1m sq ft Leeds scheme

16 June 2008

Reland, the mixed-use division of property developer Gladedale, has been granted planning consent for a 1m sq ft mixed use scheme to the south of Leeds.
Occupiers on board for Offices 08

06 June 2008

Corenet Global’s UK chapter has teamed up with the Office Agents Society and Property Week for Offices 08, the new office property event that will be launched in September.
Croydon £450m regeneration plans outlined

10 June 2008

John Laing Developments has outlined its plans for the £450m regeneration of Croydon in partnership with the council.
Warner shares dip as high gearing slashes a third off net assets

10 June 2008

Shares in Warner Estates fell 6% to 250p in early trading, as the company revealed that it’s gearing levels had led to a sharp fall in net asset value.
Europe's greenest data centre gets go-ahead

9 June 2008

London developer BNB Developments has won consent for one of Europe’s largest and greenest data centres to be based in Cambridgeshire.
Dunblane office scheme gets green light

6 June 2008

Gladman Developments has got the go-ahead for an office scheme in Dunblane.
Transport for London picks Citi for Crossrail

06 June 2008

£16bn cross-London project to take four floors in Canary Wharf tower
Moscow-based Mirax swoops for 50% stake in Beetham’s £1bn Blackfriars tower

06 June 2008

A giant Russian property group has teamed up with UK developer the Beetham Organization to build a £1bn, mixed-use tower on London’s South Bank.
Sombre mood at this year's BCO

5 June 2008

The property market and the wider economy will worsen before they get better, according to speakers at this year's British Council for Offices (BCO) conference in Brussels.
Terrace Hill gets npower in Gateshead

5 June 2008

Energy giant npower has taken more than 100,000 sq ft of office space at Terrace Hill’s £300m Baltic Business Quarter by the River Tyne in Gateshead.
Development Securities starts on site in City

4 June 2008

Development Securities has started construction of its 10 St Bride Street development in the City of London in joint venture with funding partner, Corpus Sireo.
M4 corridor lit up by Luminaire letting

3 June 2008

Pharmaceuticals group Steifel has taken 49,000 sq ft at Luminaire in Maidenhead, Berkshire.
JLL moves in Manchester

3 June 2008

Jones Lang LaSalle is expanding and moving its Manchester office to new development, Chancery Place, in the city.
Orchard Street buys £80m portfolio

2 June 2008

Orchard Street Investment Management has bought a portfolio of six properties from Aegon Asset Management for £80m.
Prupim snaps up £92m building from rival pension fund manager

30 May 2008

PRUPIM has bought 1-3 Lochside Crescent in Edinburgh, the Scottish Equitable PLC headquarters office building, for £92 million from the Aegon UK Property Fund.
Crown Estate signs up serviced offices for Regent Street

28 May 2008

The Crown Estate has let 23,000 sq ft just off London’s Regent Street to serviced office provider, Harvard Office Business Centres.
European parliament buys former Tory HQ

22 May 2008

The European Parliament and the European Commission have bought the former Tory headquarters near the Houses of Parliament for £20m.
Langtree joint venture gets green light at Durham coalfield

22 May 2008

A joint venture between Langtree and English Partnerships has received planning permission to redevelop 30 acres near Durham.
Co-Op Group to build new HQ in Manchester city centre

20 May 2008

Manchester’s biggest employer The Co-operative Group has decided it will build its new HQ in Manchester city centre.
L&G and Metrovacesa end Walbrook Square dispute

19 May 2008

Legal & General and Metrovacesa have ended their dispute over the £240m sale of Walbrook Square in the City of London.
Creative industries hub gets off starting Blok

15 May 2008

Stratford-upon-Avon and Liverpool-based Blok Properties is to develop a new office development aimed at creative businesses in Birmingham.
CLS updates on restructure

15 May 2008

CLS Holdings has reduced its UK exposure by £110m as it pushes ahead with restructure.
Drivers Jonas' 'crane survey' predicts gloom in City development

15 May 2008

The City of London development market has been the worst affected by the credit crunch said Drivers Jonas this week.
Property development activity hits new five year low

13 May 2008

The amount of commercial development in the UK has fallen to its lowest level in five years, Savills reported today.
Hammersmith leads the charge within crunch-defiant M25

13 May 2008

The M25 occupational market is defying the credit crunch, with Hammersmith leading the charge, Knight Frank said this morning.
West End office investment doubles

2 May 2008

Investment in West End offices has more than doubled in the first quarter of this year compared to the previous three months.
Gladman joins forces with UBC for serviced office spree

2 May 2008

Gladman Developments has teamed up with United Business Centres to open a portfolio of serviced offices across its portfolio.
Terrace Hill secures Maidenhead prelet

1 May 2008

Terrace Hill, the AIM-listed developer and DevCap Partnership, have pre-let one of the two office buildings at their Quantum scheme in Maidenhead, Berkshire, to Biogen Idec.
Terrace Hill gets green light for Southampton scheme

29 April 2008

Terrace Hill has won planning for its £70m Mayflower Plaza development in Southampton.
Two weeks left to sign up for tax summit

29 April 2008

Property Week is offering readers a completely free ‘heads up’ to the introduction of the Government’s new tax on development – the Community Infrastructure Levy or CIL.
Plans submitted for Birmingham’s NatWest tower

29 April 2008

British Land has submitted a planning application to Birmingham City Council for a £160m office development in the city centre.
IBM to move to Kenmore’s Jackson House in Manchester

29 April 2008

IBM is to take a major letting at Kenmore Capital Portfolio’s Jackson House in Sale, south Manchester.
Wragge’s signs at Ballymore’s Snowhill

22 April 2008

Ballymore has signed up Birmingham’s largest office pre-let at its Snowhill scheme in the city.
London’s slowing banking sector could hit Europe’s office take up

21 April 2008

Job losses in the banking sector in London’s City & Docklands district could have a serious knock-on effect on office take-up in Europe’s financial capital, says Cushman & Wakefield.
Hammerson arranges £400m loan for Bishops Square

18 April 2008

Hammerson has signed a £400m five-year credit facility, provided by Bayerische Landesbank.
Bumper Bristol deal for Anglo Irish

16 April 2008

Anglo Irish Bank’s UK Private Bank has completed Bristol’s largest ever office forward funding deal.
Ireland’s office occupational market holding up but office investment slows

16 April 2008

Ireland’s Dublin office market is holding up with a healthy first quarter take up despite a wider economic downturn in the country.
New UK Segro boss

15 April 2008

Segro has appointed former Taylor Wimpey chief executive Ian Sutcliffe as its new UK head.
Demand levels ‘critical’ for Manchester’s office market

14 April 2008

Demand from occupiers seeking bigger offices will be ‘critical in helping to drive absorption levels’ in Manchester’s office market this year, says Colliers CRE.
City of London rents sliding says Lehman Bros

11 April 2008

Rents and tenant demand in the City of London are ‘slip, sliding away’ with the market running the risk of oversupply, says US investment bank Lehman Brothers.
Overseas investors seal £240m West End deals

11 April 2008

Middle Eastern and Russian investors buy in St James’s and Mayfair
Minerva signs £150m St Botolph’s construction contract

10 April 2008

Minerva signed a £150m construction contract with Skanska to build its St Botolph’s office development in the City of London.
Central London matches 2007 take-up to defy property gloom

8 April 2008

Central London’s property occupation market defied the gloom in the first quarter of 2008 by equaling the 2.9m sq ft take-up of the same period last year, CB Richard Ellis said today.
LandSecs confirms West End sale to German fund manager

7 April 2008

Land Securities has confirmed it has sold Clive House, in London’s Victoria, to German fund manager Real IS.
Wragge rolls from Colmore

04 April 2008

Aegon Asset Management is in talks to sell law firm Wragge & Co’s offices at 55 Colmore Row in Birmingham.
Rents to suffer ‘short sharp shock’ in 2008

3 April 2008

Property shares are likely to suffer today after Lehman Brothers released a gloomy research note on the sector.
CLS sells London offices

3 April 2008

The Swedish property company CLS has continued its sale of UK assets with the sale of two office buildings.
Leeds offices defiant in face of downturn

2 April 2008

The Leeds office market is set for a strong year, Jones Lang LaSalle said today.
Crown completes £90m Oxford Street sale to Resolution

2 April 2008

The Crown Estate has completed the sale of the Quadrangle block on London’s Oxford Street to Resolution.
Central London property investment volumes down says Cushman & Wakefield

2 April 2008

Central London’s commercial property investment levels for the first quarter of the year have dropped to their lowest level for three years as the fall out from the credit crunch continues to impact the market, says Cushman & Wakefield.
Beetham’s Southwark Tower called in

1 April 2008

Secretary of State Hazel Blears has called in plans for the Beetham Tower’s £600m tower in Southwark on the south side of Blackfriars Bridge in London.
Environment Agency gets new Bristol HQ

31 March 2008

The Environment Agency has signed up for a new headquarters at one of Bristol’s key city centre regeneration projects.
Legal and General to go to court over City sale

28 March 2008

Legal & General is to launch proceedings to help force Metrovacesa to finalise acquisition of the 1m sq ft Walbrook Square development in the City.
Hammerson confirms DTZ City of London letting

26 March 2008

Hammerson, and joint venture partners GE Capital and Bank of Ireland, have confirmed that DTZ will be moving to their major office development at 125 Old Broad Street in City of London.
£4.5bn Cricklewood regeneration plans submitted

25 March 2008

The plans for the £4.5bn regeneration of Cricklewood town centre in north London have been submitted to Barnet Council today.
BAA's £265m property sale takes off

25 March 2008

BAA and Morley Fund Management have sold £265m of assets from their 50:50 Airport Property Partnership to the Arora Family Trust.
Abstract and Evans team up for £275m Leeds office giant

20 March 2008

Joint venture plans 50:50 redevelopment of Minerva and Capitol houses in Yorkshire city
Shard developers appoint Sharia-compliant asset manager

19 March 2008

European Finance House has been appointed to provide specialist Sharia asset management advice to the £2bn Shard development in London Bridge.
Scottish Highland set for 3.8m sq ft business park

18 March 2008

More than 600 acres of Scottish Highland is to be turned into a business park under plans submitted to the Highland Council this week.
Manchester plans 4m sq ft ‘Harley Street of the North’

17 March 2008

Grangefield Estates has submitted plans for a 4m sq ft health services-led mixed use development in Manchester which it has dubbed the ‘Harley Street of the North’.
Prague office sold for E71.5m

14 March 2008

Austria’s largest listed property company, Immoeast, has sold a Prague office for E71.5m (£55m).
Edinburgh's lack of offices could cost city £800m

14 March 2008

Edinburgh’s economy could lose £800m because it does not have enough office space for small and medium size businesses.
MIPIM 2008: Plans unveiled for Western Europe's tallest mixed-use building

14 March 2008

Hermitage has unveiled plans for the tallest mixed-use building in Western Europe.
Canada Life revives market with £210m Galaxy bid

14 March 2008

Canada Life is thought to be the frontrunner to buy Legal & General’s Galaxy office portfolio for £210m.
MIPIM 2008: Masterplan launched for Birmingham's Eastside

12 March 2008

Goodman has launched its masterplan for its 1.5m sq ft Ventureast site in the Eastside quarter of Birmingham on the Birmingham stand at MIPIM today.
Government 'to delay' energy certificate in HIP fears

12 March 2008

The Government is reportedly planning to delay the implementation of energy performance certificates until September, amid concerns that there are too few qualified assessors.
MWB group sees asset value soar despite operating loss

11 March 2008

Marylebone Warwick Balfour Group revealed its net asset value doubled in 2007, despite its operational business making a loss.
Commercial property 'facing gloomy outlook'

10 March 2008

A leading indicator of sentiment in commercial property has turned negative for the first time in eight years, suggesting investor attitude is catching up with the reality of the market downturn.
Property owners' last ditch effort on ‘ill-conceived’ budget plan

7 March 2008

Property owners have made a last ditch effort today to make Alistair Darling shelve the abolition of rate relief on empty property.
Canary Wharf goes green

7 March 2008

Canary Wharf Group has teamed up with the Mayor of London and the Clinton Climate Initiative as part of a new sustainability drive.
Advantage West Midlands to redevelop copper works

6 March 2008

Advantage West Midlands has bought a former copper works in the Black Country with plans to redevelop it as a 875,000 sq ft business park.
McKay Securities buys six offices

6 March 2008

McKay Securities has bought six office units in Maidenhead, Berkshire.
Green light for Kenmore's Birmingham plans

5 March 2008

Kenmore’s plans for the tallest office tower outside London have been granted planning permission by Birmingham City Council.
HBOS in talks to buy Edinburgh brewery site

4 March 2008

HBOS has entered into exclusive talks to buy Scottish & Newcastle’s former brewery in Edinburgh for more than £100m.
Derwent's Midtown planning consent

29 February 2008

Derwent London has received the green light from City of London planners for the development of its Bennetts Associates-designed office building at Chancery Lane.
French law firm takes space at 125 Old Broad Street

28 February 2008

Gide Loyrette Nouel, the French law firm, has confirmed its plan to take space at Hammerson’s office scheme at 125 Old Broad Street in the City of London.
Frogmore West End scheme set for planning success

27 February 2008

Frogmore is on target to receive planning permission for a 20,000 sq ft mixed use scheme to the north of Oxford Street.
Government calls for zero-carbon buildings by 2020

27 February 2008

All new commercial buildings will have to be ‘zero-carbon’ if ambitious government targets for reducing carbon emissions by 2020 are achieved.
Yell signs for new Reading HQ

26 February 2008

Kier Property and Invista have signed up Yell, publisher of the Yellow Pages, for a 153,000 sq ft headquarters in Reading.
Ansty business park takes step forward in Midlands

25 February 2008

The long awaited development of Ansty Business Park in the West Midlands will go ahead this month as land is handed over to developer Highbridge Properties.
New Star sells largest London property for £127.5m

18 February 2008

New Star Asset Management has sold its largest London office building in its UK property fund to Evans Randall for £127.5m at an initial yield of around 5.5%.
Great Portland fills up West End office

15 February 2008

Great Portland Estates has completed a raft of lettings at Great Portland Street in the West End of London.
Offices February 2008

Offices February 2008
Countdown to meltdown

Offices February 2008

The financial fallout from the US subprime crisis is already being felt in London. But how bad will it get?
Family values

Offices February 2008

Mark Shepherd meets Jeremy Bates, 42, executive board director at Savills, and his brother, Julian Bates, 44, a partner at property management firm Workman
Flexi time

Offices February 2008

Serviced office providers are seeking to exploit the credit crunch.
Introduction

Offices February 2008

It is typical of the property industry that when things appear to be getting worse it becomes more creative.
Leading by Exemplar

Offices February 2008

With 1m sq ft of offices in London, Exemplar’s Daniel Van Gelder and Clive Bush have every right to feel nervous as the credit crunch bites.
What would you do to win?

Offices February 2008

Some agents have been going to extraordinary lengths when pitching for business.
New Leeds HQ for NHS supplier

14 February 2008

ProLogis has signed up the UK’s largest pharmaceutical supplier for 262,000 sq ft at a development near Leeds.
Met police Heathrow deal

13 February 2008

Brixton has secured the Metropolitan Police as the latest tenant for Polar Park in Heathrow.
Derwent to double rents at Angel office

13 February 2008

Derwent London is set to double its rental income from the Angel Centre at London’s Pentonville Road after being granted planning permission for a 255,000 sq ft office refurbishment.
UBS’s Tooley Street bought by HSBC Private Bank

8 February 2008

Private clients of HSBC Private Bank have bought UBS’s 160 Tooley Street for around £135m.
Castlemore submits Glasgow office plans

8 February 2008

UK property developer Castlemore Securities has submitted plans to Glasgow City Council for a £130m office building in the centre of the city.
Moodys moves to Canary Wharf

7 February 2008

Moody’s Investors Service is to relocate to One Canada Square in Canary Wharf in a deal which involves the surrender of space formerly occupied by Telegraph.
Deutsche Bank takes offices in Birmingham

7 February 2008

Deutsche Bank has signed up for ‘back office space’ at Birmingham’s Brindleyplace.
HKR designed 13-storey City office gets go ahead

6 February 2008

Telereal has got the go ahead for a £74m office redevelopment in the City of London.
Knight Frank predicts rising West End rents but City ‘challenging’

5 February 2008

Office rents in London’s West End will continue to rise but City of London rents will decline by the end of next year said Knight Frank in its annual Central London Office Market report this morning.
EDI raises £80m to invest in Edinburgh

4 February 2008

Edinburgh’s EDI Group is set to expand its property portfolio with an £80m funding package from Lloyds TSB Scotland.
Woking office giant gets go-ahead

4 February 2008

The biggest office scheme in Woking for two decades has got the go-ahead from the local council.
Invista close to breaching bank covenant as City property value drops

30 January 2008

A listed property trust is close to breaching the banking covenants on one of its top assets after the geared value of its investment fell 31% in three months, it revealed this week.
Savills sees the point in new Office

29 January 2008

Savills has moved its Leeds teams into one office.
LaSalle buys £32m business park

29 January 2008

LaSalle Investment Management has bought a £32.5m business park in Milton Keynes.
Tiger gets go ahead for Docklands scheme

28 January 2008

Tiger Developments has been granted planning permission by Tower Hamlets Borough Council to carry out a £5m redevelopment of Harbour Island scheme in London’s Docklands.
Microsoft clicks on Waverley Gate

28 January 2008

Microsoft has been confirmed as the first tenant in Edinburgh’s Waverley Gate.
Israelis to develop two towers on London’s South Bank

23 January 2008

An Israeli development consortium lead by David Gil has won planning consent for a mixed-use development on London’s South Bank.
West End office owner sees property values drop 4.1%

23 January 2008

Great Portland Estates’ portfolio fell by 4.1% in the fourth quarter of last year because of the yield shift in the market.
Qatari consortium set up to develop ‘The Shard’

22 January 2008

Irvine Sellar’s Sellar Property Group today announced it had set up a new consortium to carry out its £2bn Shard skyscraper development at London Bridge Station.
Wilson Bowden plans Chesterfield kick off

21 January 2008

Wilson Bowden Developments is to submit plans for the redevelopment of the Demaglass site in Chesterfield , Derbyshire.
National Grid cancels £700m portfolio sale

18 January 2008

National Grid has cancelled the £700m sale of its property portfolio because it did not receive high enough bids.
Countryside Properties wins £100m mixed-use scheme

17 January 2008

Countryside Properties has been selected as the preferred developer for a £100m mixed-use development in Chatham, Medway.
Workplace 2010 in final stages

17 January 2008

The massive Northern Ireland outsourcing contract Workplace 2010 has moved to the final stages today.
Fisher takes over at West End agency Tuckerman

16 January 2008

Mark Fisher has taken over in the top job at Victoria-based office agent Tuckerman Commercial.
Falling property values threaten £2.4bn of loans

16 January 2008

The fall in UK property values could cause securitised loans worth £2.4bn to go into default.
Deloitte to anchor Skanska Warsaw scheme

16 January 2008

Global services provider Deloitte has chosen Skanska’s Atrium City in Warsaw for its Polish headquarters.
Edinburgh development site snapped up

16 January 2008

Stockland Halladale has agreed to buy 3-8 St Andrew Square in Edinburgh for £21.25m from ING Real Estate.
Airline flies out of Hanover Square

16 January 2008

One of Asia’s main airlines has sold its head office – which also currently houses some of Knight Frank’s London offices - in the West End for £57m to Japanese developer, Mitsui Fudosan.
Occupier demand unaffected by property 'crisis'

15 January 2008

Occupiers are still keen to expand their property space despite the current market conditions, according to new research.
Housing haggle earns Derwent planning success

11 January 2008

Derwent London won planning consent for a 425,000 sq-ft mixed use scheme near Paddington station after tough negotiations with the Mayor of London over social housing.
Malmaison owner ‘extremely positive' about 2008 despite crunch

10 January 2008

Marylebone Warwick Balfour’s shares jumped 10% this morning after it published an upbeat trading statement.
Resolution trust sees West End office values plummet

9 January 2008

A listed property company with a net asset value of £773m saw the value of its West End office holdings fall 13% in the fourth quarter of last year.
Green light for Southampton's Adanac Park

9 January 2008

The Barker Mill Trust has got the go-ahead for one of the biggest business parks in Southampton.
Minerva gets anchor tenant for City of London scheme

8 January 2008

Minerva has signed up Lockton International as anchor tenant for its St Botolphs development in the City of London.
Staines gets electronic future

8 January 2008

Future Electronics, a global electronic company, has agreed terms to move its European headquarters to one of Staines’ most prominent office buildings.
Derwent London sets new Fitzrovia rent record with Qube letting

8 January 2008

Derwent London has completed its first letting at its Qube development in the West End of London.
GVA Grimley expands in Scotland

7 January 2008

GVA Grimley has bought Glasgow-based agency Alan Watt Consulting (AWC) to strengthen its commercial presence in Scotland.
Hammerson and Urban Splash selected in Swansea

7 January 2008

Hammerson and Urban Splash have been selected as preferred developers for a 30-acre mixed use scheme in Swansea city centre.
£17.5m Stockley sale completes

7 January 2008

The Greater London Fund has completed its purchase of a building at West London’s Stockley Park for £17.5m, as tipped by Property Week (16.11.07).
Kenmore joins Revcap and Ark for Wiltshire scheme

4 January 2008

Kenmore Property Group has teamed up with property investor Revcap and data centre company Ark Continuity to develop a large business and data centre park in Wiltshire.
Prospect submits plans for West Lancs office development

4 January 2008

Prospect has revealed plans for a £12m office development in West Lancashire.
Oracle gets £90M for Docklands development

3 January 2008

Mixed-use property developer Oracle Group has secured £90m of funding from the Royal Bank of Scotland (RBS) for the first phase of its Indescon Court development in London’s Docklands.
RREEF pays E100m for Milan office block

3 January 2008

RREEF Real Estate has bought a central Milan office block for €100m (£74.7m) from the Pirelli Group.
Derwent's Paddington plans face housing headache

3 January 2008

Ken Livingstone could put the brakes on Derwent London’s plans for a mixed-use development next to Paddington train station because of an affordable housing issue.
CBRE buys Leeds and Birmingham based firm GSD

2 January 2008

CB Richard Ellis has today confirmed the takeover of Birmingham and Leeds based agent GSD.
Carillion JV buys 60-acres in Durham

2 January 2008

Carillion Developments has teamed up with Hartlepool-based property investor Arlington to buy 60-acres of industrial land near Durham.
Office rents could plummet as demand slumps

31 December 2007

DTZ has warned that office rents may tumble next year, dealing a second devastating blow to landlords who have already seen the value of their portfolios plummet in recent months.
Office property market pummelled says research

28 December 2007

Investors who bought office buildings in the south-east of the UK at the top of the property bubble this year are nursing paper losses of up to 26% in a striking example of how quickly the market has turned according to the Financial Times and The Times.
Lipton fears 1990s style property crash

28 December 2007

Sir Stuart Lipton says there could be a repeat of the last property crash.
London office property market hits two-year low

24 December 2007

Transactions in the London commercial property office market slumped to their lowest level for over two years with just £2.3bn of deals completed in the fourth quarter this year. Daily Telegraph
UK's largest science park gets go-ahead

21 December 2007

Plans for the largest new science park to be developed in the UK, based in Bristol, moved a step closer last night when Bristol council approved the proposals.
St James Securities directors split

19 December 2007

Three senior figures have left Leeds-based property developer St James Securities following a dispute with the company’s majority shareholders.
Beetham’s Southwark tower gets final go-ahead

19 December 2007

Southwark Council has granted planning permission for the Beetham Organisation’s 52-storey storey tower on the southside of the River Thames in London.
Cushman & Wakefield buy Californian firm

18 December 2007

Cushman & Wakefield is to buy San Diego-based agent Burnham Real Estate.
Edinburgh secures biggest office letting in four years

18 December 2007

HBOS is to occupy all of 1 Lochrin Square in Edinburgh, Scotland in the city’s largest letting in four years.
Derwent London gets nod for Turnmill refurb

17 December 2007

Derwent London has got the go ahead for the redevelopment of the Turnmill building in London’s Clerkenwell.
LSH move Cardiff HQ

17 December 2007

Lambert Smith Hampton has moved its Cardiff head office to MEPC and Rightacre’s Callaghan Square development.
Capita takes Manchester’s largest office letting of the year

14 December 2007

Manchester city centre’s largest office letting this year completed this week.
Travelodge signs for Waterloo hotel

13 December 2007

Travelodge, the budget hotel chain, has exchanged contracts for a hotel development close to Waterloo in London.
WSP U-turn in London's midtown

12 December 2007

WSP Group has signed up to move to 70 Chancery Lane for its new UK headquarters.
Walsall Gigaport plans lodged

12 December 2007

Walsall Regeneration Company (WRC) has revealed plans for phase one of the £400m redevelopment of Walsall Gigaport, a technology quarter for the West Midlands town.
Goodman buys in Germany

12 December 2007

Goodman has bought a business park developer in Germany as part of a major push into the country.
Allsop sale lifts market gloom

10 December 2007

Allsop provided some relief from the negativity surrounding the property market as it posted an excellent result at its auction last Thursday.
Quintain wins 1m sq ft consent in Birmingham

10 December 2007

Quintain has been granted outline planning permission for its 1m sq ft Birmingham City Park Gate regeneration scheme.
Birmingham's biggest office deal sealed

7 December 2007

The biggest office deal this year in central Birmingham completed this week.
Queen's view threatened by towers says Westminster

7 December 2007

Land Securities was last night told it will have to cut down the size of its buildings if it wants to develop a £2bn transport interchange at London’s Victoria train station with a planning committee pointing out that the view from Buckingham Palace gardens would be affected by their height.
CABE raises Waterloo objections

6 December 2007

The Commission for Architecture and the Built Environment has criticised plans for a major redevelopment of Elizabeth House at London’s Waterloo Station.
Quinlan and Maud complete Citi tower purchase

30 November 2007

Derek Quinlan and Glen Maud’s Propinvest have completed the £1bn purchase of the 1.2m Citi headquarters in Canary Wharf.
Hammerson ups stake in Bishops Square

30 November 2007

Hammerson has agreed the £134m payment for the long-leasehold interest in the major office and development at Bishops Square in central London.
Gateway forum welcomes Callcutt's reveiw

30 November 2007

John Callcutt’s recent housing review received a warm reception at the Thames Gateway Forum yesterday.
PM pledges £9bn for Gateway

29 November 2007

Gordon Brown today told the property community his plan for delivering the Thames Gateway with £9bn of government investment.
Hemingway slams quality of Thames Gateway

29 November 2007

Designer Wayne Hemingway said the quality of buildings being developed in the Thames Gateway were not up to scratch today at the Thames Gateway Forum.
JLL buys French office specialist

29 November 2007

Jones Lang LaSalle has increased its exposure in France with the purchase of French office design, site management and business relocation specialist Group Tetris.
Canadians team up with LandSecs in East London

29 November 2007

Land Securities has sold a 50% stake in its Thomas More Square Estate in east London to Canada’s Ontario Teachers' Pension Plan Board for £131.5m
'Thames Gateway could be new Rome' says Sir Stuart Lipton

29 November 2007

Sir Stuart Lipton, deputy chairman of Chelsfield Partners, compared the Thames Gateway with the Rockefeller Centre, the Champs-Élysées, and ancient Rome as he set out his vision for the area’s future.
Thames Gateway Forum: Higgins reveals ten point Olympic plan

28 November 2007

David Higgins revealed a ten point plan for the delivery of the Olympic area in east London at the Thames Gateway Forum today.
Thames Gateway to have 40m sq ft of development

28 November 2007

The Thames Gateway will reach 40m sq ft of development by 2016 according to a report by Jones Lang LaSalle.
Thames Gateway model revealed

28 November 2007

The first model of the Thames Gateway, and the largest architectural model in the UK, was launched this week on the first day of the Thames Gateway Forum. The 25-metre long model, the length of three London buses end to end, is to act as a guide for investment opportunities and to show residents what developments are happening in the area.
Bath Western Riverside green light

28 November 2007

One of the biggest urban regeneration schemes in the South West won planning at a meeting last night.
Thames Gateway: Minister calls for green utopia

28 November 2007

The Thames Gateway will soon be looked upon as the template for green development the housing minister Yvette Cooper told the Thames Gateway Forum today. 'The entire built up area of the Thames Gateway will be a pioneering region for zero carbon emissions,' said Cooper.
West End and City rent gap 'largest ever'

28 November 2007

The gap between London’s West End and City office markets has nearly doubled and may lead to departures from the West End, reports CB Richard Ellis today.
TfL signs up in Greenwich

28 November 2007

Transport for London (TfL) has agreed to take 135,000 sq ft of office space at Quintain and Lend Lease’s Greenwich Pensinsula Central scheme in east London.
Helical and UK Coal team up to attract government tenants

28 November 2007

Helical Bar and UK Coal have entered a joint venture to create a £140m government campus in Yorkshire.
Gladman makes plans for Great Yarmouth business park

27 November 2007

Gladman Developments has lodged a planning application for an office and industrial scheme in Great Yarmouth.
Go ahead for mixed use scheme in Stanmore

26 November 2007

Berkeley Urban Renaissance has got the go-ahead for a mixed-use project in Stanmore in north west London.
Bristol's magistrates court up for grabs

23 November 2007

Bristol’s magistrates court is to dispose of its Nelson Street court.
Doherty Baines appointed for Flexistore roll out

23 November 2007

Edinburgh-based Flexistore, the self storage business, has appointed Doherty Baines to buy up to 30 new sites.
Stupples to open Slough office

23 November 2007

Commercial property agent Stupples is to open a Thames Valley office in Slough as part of its wider expansion.
Clerical Medical takes largest office letting in Bristol this year

23 November 2007

Resthaven Properties, part of Topland Group Holdings, has sealed the south-west’s largest office letting this year to Clerical Medical Investment Group at its building at Harbourside in Bristol.
Bank of Scotland to move its Glasgow HQ home

22 November 2007

Bank of Scotland Corporate is moving back to it’s headquarters of 50 years to consolidate all of its west Scotland staff under one roof.
Telereal to buy £800m RBS portfolio

22 November 2007

The Pears family’s Telereal is poised to buy an £800m portfolio of offices and banks from the Royal Bank of Scotland.
HinesREIT buys iconic Dallas tower

21 November 2007

HinesREIT has purchased the iconic Chase Tower office building in its home city of Dallas for $290m (£140m).
Co-op seeking development partner

21 November 2007

The Co-operative Group has launched a search for a development master planner for a major regeneration site in the centre of Manchester.
Redrow Homes puts brand on former cattle market

21 November 2007

Redrow Homes has bought a former cattle market site in Stratford-upon-Avon and plans to redevelop it into a multi-million pound regeneration scheme.
Croydon Gateway inquiry closes with human rights plea

20 November 2007

A bitterly contested planning enquiry over one of London’s largest development sites came to a close yesterday.
Plans for revamp of London’s Monument approved

20 November 2007

Ken Shuttleworth’s plans for a dramatic new building at Monument - one of the City of London’s most sensitive and historic sites – have been approved.
Wilson Bowden buys in Northamptonshire

13 November 2007

Wilson Bowden Developments has bought a 16-acre site in Northamptonshire for a £35m business park development.
Thames Valley office occupational market 'strong'

13 November 2007

The Thames Valley office occupational market is strong while the investment market is difficult.
Morley lets Glasgow office to law firm

9 November 2007

Law firm Semple Fraser has taken the top two floors of Morley’s 134,00 sq ft 123 St Vincent Street office development in Glasgow.
Wilson Bowden forward sells Manchester office scheme

9 November 2007

Orchard Street Investment Management has agreed to forward buy Wilson Bowden’s Belvedere House in Manchester.
Aberdeen top of office rent increase table

9 November 2007

Aberdeen has had the highest rate of increase in prime office rents in the last six months according to Knight Frank research.
AWG and Baronsgate team up for third buy

9 November 2007

AWG Property and Baronsgate Estates have bought an office block in the centre of Glasgow.
Electronic Arts quits Chertsey

8 November 2007

Electronic Arts, the world’s biggest video game publisher, is closing its Norman Foster-designed European headquarters in Chertsey, Surrey to cut costs.
Barratt picked for £226m Lewisham scheme

7 November 2007

Barratt Developments has been chosen as preferred developer for a £226m redevelopment in South London.
DTZ European HQ set for London’s Old Broad Street

6 November 2007

DTZ has made its long-awaited decision on a new European headquarters and will be moving to Hammerson’s office scheme at 125 Old Broad Street in the City of London.
Delancey in record letting

6 November 2007

Delancey, Standard Life Investments and the Portman Estate have let half of their 40 Portman Square scheme between £100 and £105 per square foot, a record for the locality. The tenants are European Credit Management, part of Wachovia of the US, and BC Partners, the private equity firm.
Anglo Irish Bank to fund Aberdeen scheme

5 November 2007

Anglo Irish Bank has agreed to fund Hazledene Group’s £75m mixed-use development in Aberdeen, Scotland.
DevSecs wins Hammersmith consent

2 November 2007

Development Securities has won planning for its £250m Hammersmith town centre redevelopment.
David Pearl’s Structadene buys City of London building

2 November 2007

Structadene has bought the long leasehold interest in 46 New Broad Street in the City of London for £15.6m.
Midtown deal collapses

2 November 2007

WSP Group has pulled out of a deal to take the whole of the office element at Ebble Developments’ 70 Chancery Lane in London’s midtown.
London office market still strong, EA Shaw reports

1 November 2007

London’s office markets are remaining strong despite the recent financial turmoil, a report by Midtown specialists EA Shaw has revealed.
Property’s Dunkirk will see investors flee overseas markets

1 November 2007

London’s office investment market will soon start to benefit from a return of capital next year as investors retreat from overseas markets, said BH2 today.
Metrovacesa buys in Dusseldorf

1 November 2007

Tishman Speyer has sold an office complex in Dusseldorf, Germany to Spanish company Metrovacesa.
GE Real Estate buys Swedish offices

30 October 2007

GE Real Estate Nordic has bought an office development in Marievik, Stockholm for SEK455m (£34m) from construction company Skanska
Protego to launch $1bn Indian office fund

25 October 2007

Protego is to launch a $1bn (£488m) fund to undertake office development in India.
Central London office take-up slows

25 October 2007

Central London office take-up slowed in the first half of the year, a report by Colliers revealed today.
Schroders sells City offices

24 October 2007

Schroders’ Gresham 2 property fund has confirmed the sale of four City offices.
David McLean plans Wells scheme

24 October 2007

A joint venture between David McLean Developments and Nikal, has submitted a planning outline for a mixed use development in Wells, Somerset.
Land Securities confirms New Street Square lettings

23 October 2007

Land Securities has confirmed a trio of lettings at its New Street Square development in London’s midtown.
Blair heads for Grosvenor Square

22 October 2007

Tony Blair has agreed to lease an office in the heart of Mayfair for his headquarters as envoy to the Middle East.
DevSecs forward sells Manchester office

22 October 2007

Development Securities has forward sold the office component of its CityPark development in Manchester.
TR Property sells in Slough

18 October 2007

TR Property Investment Trust has sold an office building in the centre of Slough for £18.5m.
Sirocco Quay development in Belfast

17 October 2007

Northern Ireland’s Carvill Group has submitted a masterplan for a redevelopment of a major brownfield site in Belfast.
BBC reviewing property assets

17 October 2007

The BBC is investigating the sale of several of its trophy property assets as part of a major-cost cutting review.
Dublin’s booming office market continues

17 October 2007

Dublin’s office market has had another strong quarter as the commercial property sector continues to outperform the stagnant residential sector.
Prupim buys in Hammersmith

16 October 2007

Prupim has bought a prominent office building in London’s Hammersmith for £53.7m.
Knight Frank poach four from DTZ

15 October 2007

Knight Frank have confirmed their swoop on four of DTZ’s senior staff in Scotland.
Birmingham City Council unveils Library plans

12 October 2007

Birmingham City Council has today revealed plans for a £193m library.
London to face tough times ahead

12 October 2007

Things may get worse before they get better in central London, said property advisory company BH2 today, with the Docklands market facing ‘the worst of the looming and unavoidable occupational shocks’.
Central London leasing market still robust

11 October 2007

Take up in Central London increased by 15% in a 'robust' third quarter this year said Cushman & Wakefield today.
Wrenbridge sells in Colchester

10 October 2007

Wrenbridge has sold Colchester’s largest office building for £19m to Shay Properties Investments.
Derwent London lets city building

9 October 2007

Derwent London has let its entire office scheme at 186 City Road in the City of London.
British Land reveals plans for Colmore Row scheme in Birmingham

8 October 2007

British Land has appointed architects for the £160m redevelopment of the former NatWest building on Colmore Row in Birmingham.
Deutsche axes City of London deal

5 October 2007

Deutsche Bank’s proposed lease of space at Broadgate in the City of London has fallen victim to the credit crunch.
Sainsbury's heads to King's Cross

4 October 2007

Supermarket giant Sainsbury’s is to relocate its London Holborn headquarters to one of Britain’s most important regeneration projects at King’s Cross.
LandSecs confirms letting at One New Change

3 October 2007

Land Securities has confirmed it has secured its first tenant at its £500m One New Change scheme in the City of London.
MWB buys Covent Garden serviced office group

1 October 2007

MWB Business Exchange, the UK’s second largest serviced offices group, has bought Stanhope Business Centres for £11.6m.
Great Portland Estates sells Met Building

28 September 2007

Great Portland Estates has sold its Met Building at 39-45 Tottenham Court Road in London’s West End to Lazari Investment for £107m at a net initial yield after costs of 4.22%
Aberdeen Property Investors launches Russian fund

27 September 2007

Aberdeen Property Investors has launched a €1.5bn (£1bn) fund to invest in Russian property.
City of London’s Bow Bells House fully let

26 September 2007

Mitsubishi Estate Company has confirmed that it has let the remaining 70,000 sq ft of its speculative Bow Bells House in the City of London.
Highest rent in world reached in Mayfair

25 September 2007

Irish property investors D2 Private has confirmed achieving the highest rent per square foot achieved anywhere in the world, at its building in the heart of London’s Mayfair.
Targetspace takes first Scottish office

24 September 2007

Targetfollow has added five Edinburgh townhouses to its £3bn property portfolio.
Occupiers willing to pay for green buildings

19 September 2007

Occupiers want green buildings – and they are prepared to pay for them, according to the first ever CORENET sustainability survey conducted by Jones Lang LaSalle.
Metrovacesa triumphs at Walbrook Square

17 September 2007

Metrovacesa has won the battle to develop Legal & General’s Walbrook Square scheme in the city of London beating Helical Bar and the Carlyle Group.
L&G has shed success in Kent

13 September 2007

Legal & General Property has let almost half of Charles Park, the industrial element of Crossways Business Park in Dartford, Kent, just three months after developing the scheme.
JLL's Cumming-Bruce to step down

12 September 2007

Roualeyn Cumming-Bruce, chairman of UK capital markets for Jones Lang LaSalle, is to leave the UK business to become a consultant.
CBRE Investors buys Bristol offices

12 September 2007

Strategic Partners UK, managed by CBRE Investors, has bought two office buildings in the £500m Cabot Circus redevelopment in Bristol for £11m.
Manchester based Property Route buys Eastgate Properties

12 September 2007

Manchester based property investment company, Property Route, has acquired Eastgate Properties in a share purchase valued at £11.5m.
British Land confirms slew of London office lettings

12 September 2007

British Land has confirmed a host of lettings at its 35-storey Broadgate Tower development in the City of London.
Standard Life sells Xerox HQ

12 September 2007

Standard Life has sold the Xerox HQ in Welwyn Garden City to Greenhills for £42.9m.
DevSecs secures pre-let at One Kingdom Street in Paddington Central

11 September 2007

Development Securities has confirmed its first major pre-let at One Kingdom Street, Paddington Central, to Misys, as tipped in Property Week ( 06.07.07 ) .
Rok gets go ahead for Wilmslow offices

10 September 2007

Rok Development has got the go ahead for a £60m office scheme at Wilmslow Office Park, in Cheshire.
Safeland grows Flexspace fund

10 September 2007

Fund manager Safeland has grown its active management fund to £200m.
US REIT in £160m Brum buy

10 September 2007

US REIT Liberty Property Trust and Doughty Hanson have bought the Blythe Valley Park business park in Solihull from British Land for £161m.
Standard Life close to letting 1 Old Jewry

5 September 2007

Standard Life is thought to have let the whole of its development at 1 Old Jewry in the city.
Thames Water sells Reading HQ

5 September 2007

Thames Water has sold its headquarters in Reading for £43m to Standard Life Investment Funds.
Pinewood Shepperton looks for 100,000 sq ft prelet

4 September 2007

Pinewood Shepperton has launched a marketing campaign to attract a pre-let at both its West London media parks, Pinewood Studios and Shepperton Studios.
Go-ahead for former Scottish & Newcastle brewery site

4 September 2007

A £200m mixed-use development next to Newcastle United Football Club has been given the go-ahead by the city council.
Forth Ports submits largest ever Edinburgh planning application

4 September 2007

The largest planning application in Edinburgh’s history was submitted today for a 15m sq ft mixed use scheme.
Gardiner & Theobald to set up new HQ in Tottenham Court Road

3 September 2007

Gardiner & Theobald is to move from its Bedford Square office, where it has been for 100 years, to a City of London developed scheme on Tottenham Court Road.
IVG buys offices from HBG Properties

30 August 2007

German property giant IVG Immobilien has bought a portfolio of eight office schemes in the UK for £146m from HBG Properties, the UK property arm of Dutch construction group Royal BAM Group.
Multiplex to build London's Pinnacle

28 August 2007

Arab Investments has awarded the contract to build the Pinnacle to Multiplex.
Birmingham to get fourth Business Improvment District (BID)

24 August 2007

Local businesses in Kings Heath, Birmingham, have voted to make the area the city’s fourth Business Improvement District (BID).
Back in business

24 August 2007

Latest reports suggest business parks are showing signs of recovery. Stuart Watson analyses the trends
Business and science parks

24 August 2007
Coalfields to get Networked

24 August 2007

Network Space has announced a £50m investment to develop six mixed-use ‘Network Villages’ in former English coalfield communities.
Environmentally trendy

24 August 2007

The green agenda is forcing business parks to evolve.
GMI Property Company

24 August 2007

GMI Property Company and Scarborough Development Group have begun construction of the Electric Works Digital Media Centre in Sheffield. The 53,820 sq ft building is the first of five planned at the Sheffield Digital Campus, which lies between the railway station and the city centre. Creative Space Management will operate the facility after it opens in spring 2008.
Prupim on track for station at Green Park

24 August 2007

Plans for £15m scheme submitted to Reading Borough Council
Seedas Canterbury tale

24 August 2007

The South East England Development Agency (SEEDA), in partnership with the University of Kent, has secured planning consent for a 37,000 sq ft innovation centre at Kent Technology Park on the University of Kent’s Canterbury campus.
The appliance of science

24 August 2007

The government’s drive to make the UK a world leader in scientific research has made science parks an attractive target for developers.
Towergate eclipses the rest

24 August 2007

Insurance intermediary Towergate has prepurchased the first building on phase 2 of Gallagher Properties’ Eclipse Park in Maidstone for an undisclosed sum.
Procter & Gamble hangs on to JLL

23 August 2007

Procter & Gamble has retained Jones Lang LaSalle as the global provider of its facilities and property management services.
Culina takes Suffolk distribution shed.

22 August 2007

Culina Logistics, the distribution arm of Muller Dairy, has taken a pre-let at a rent believed to be around £5 per sq ft on a 191,000 sq ft distribution shed at Haverhill Business Park in Suffolk.
LandSecs submits £2bn Victoria planning application

17 August 2007

Land Securities today submitted its planning application for a £2bn redevelopment of Victoria Station.
GL Hearn to draw up plans for new Preston city centre

15 August 2007

GL Hearn has been appointed to help draw up a master plan for a new central business district in Preston.
Buccleuch's Glasgow evolution

15 August 2007

Buccleuch Property has received planning permission to redevelop Intercity House in the financial district of Glasgow, Scotland.
Edinburgh office take-up soars 73%

14 August 2007

Half-year office take-up in Edinburgh rocketed by 73% compared with the corresponding period in 2006, according to the latest analysis from Jones Lang LaSalle
MWB to open four new centres

14 August 2007

Serviced office provider MWB Business Exchange has announced it will open four new centres.
Cushman & Wakefield opens in Ukraine

13 August 2007

Cushman & Wakefield has added to its European office network by opening its first office in Ukraine.
WSP Group takes 70 Chancery Lane

10 August 2007

The construction and design company WSP is under offer to take the whole of the office element at Ebble Developments’ 70 Chancery Lane scheme.
Cushman stars at Media City

10 August 2007

Cushman & Wakefield has been appointed to advise Peel Holdings on its £400m Media City development in Salford Quays, near Manchester city centre.
Bank of Ireland confirms Bow Bells as new London HQ

8 August 2007

The Bank of Ireland has confirmed that it will move its London headquarters to Bow Bells House in the City of London (as tipped by Property Week, 20.06.07).
LandSecs sells Greater London House for £165m

7 August 2007

Lazari Investments has bought Greater London House in Hampstead Road, north London, from Land Securities for around £165m.
Rugby Estates to buy City Lands

7 August 2007

Rugby Estates Rugby Estates Investment Trust is to make its first corporate purchase as it seeks to snap up companies before converting into a REIT.
Set back for £90m Walsall scheme

6 August 2007

St Modwen and Goold Estates’ plans for the £90m St Matthew’s Quarter scheme in Walsall have been set back owing to a fire destroying the centrepiece of the scheme.
Warner buys City's Cable House

1 August 2007

Warner Estate Holdings has bought Cable House, 56-62 New Broad Street in the City of London.
Greek shipping magnate buys Telegraph HQ

1 August 2007

Achilleas Kallakis has bought the Barclay brothers’ Telegraph Newspapers headquarters in London’s Victoria.
DevSecs confirms Newham sale

1 August 2007

Development Securities confirmed today that it has sold the long leasehold of the 252,000 sq ft Building 1000 at Royals Business Park to the London Borough of Newham for £75m.
Brum agents to set up on their own

31 July 2007

Two of Birmingham’s leading investment agents have resigned in order to set up their own niche investment agency.
Six listed for £90m Tunbridge Wells revamp

27 July 2007

Tunbridge Wells Borough Council has revealed a shortlist of six developers for its £90m regeneration portfolio.
RREEF buys Staines' Majestic House

26 July 2007

RREEF Real Estate has bought Majestic House in Staines, the latest in a string of purchases in the Western Corridor.
Final stage planned at Liverpool's St Paul's Square

25 July 2007

English Cities Fund has submitted a planning application for the final phase of St Paul’s Square in Liverpool.
Beetham gets Blackfriars tower go-ahead

25 July 2007

Southwark Council has granted planning consent for the Beetham Organisation’s Jumeirah mixed-use tower on Blackfriars Road on London’s South Bank.
Evans Randall buys in Canary Wharf

24 July 2007

Evans Randall has bought the freehold of 5 Canada Square in Canary Wharf from the Royal Bank of Scotland for £452m.
GCP in £160m central London spree

18 July 2007

The Great Capital Partnership, the 50:50 joint venture between Great Portland Estates and Capital & Counties, has bought £160m of property in central London.
Walbrook Square gets green light

17 July 2007

Legal & General has been given planning permission for its 1m sq ft Walbrooke Square scheme.
Warner snaps up America House lease

17 July 2007

Warner Estates has bought the long leasehold of America House in the City of London from London and Regional Properties.
New Star buys £30m Edinburgh block

16 July 2007

New Star Asset Management has bought the freehold of Dundas House in Edinburgh for around £30m from Standard Life Investments.
UBS forward sells Watermark Place

13 July 2007

UBS Global Asset Management has forward sold its Watermark Place development in the City of London to a Canadian Pension Fund
Canary Wharf in agents shake-up

12 July 2007

Canary Wharf Group is to make a change to the leasing team for the first time in 11 years by replacing Knight Frank with Jones Lang LaSalle.
Kier front runner for Yell in Reading

12 July 2007

Kier Property is poised to complete the year’s biggest letting in Reading to Yellow Pages publisher Yell Group.
Prupim pre-lets top floor at Minster Court 2

12 July 2007

Prupim, acting on behalf of the Prudential Assurance Company, has prelet the top floor at Minster Court 2 in the City of London to insurance company Tokyo Marine Global.
LandSecs wins walkie talkie green light

10 July 2007

Land Securities has won permission for its 39 storey ‘walkie talkie’ tower at 20 Fenchurch Street in the City of London.
Carlyle collects Copenhagen office trophy

6 July 2007

Carlyle Group has completed the purchase of the TDC headquarters in Copenhagen, Denmark, bringing the private equity group’s total investment in the Nordic region to €885m (£598m)
Pan-Nordic buys up €108m Finland portfolio

4 July 2007

Aberdeen Property Investors Pan-Nordic has purchased a E108m (£73m) portfolio in Finland.
First letting at Royal Docks

3 July 2007

Newham Council today decided it would move 2,000 of its back-office staff to the Royal Docks.
CB Richard Ellis to market CityPoint

3 July 2007

The global property services company has been appointed as letting and management agents at CityPoint in the City of London.
Fitch group in £290m Canary deal

2 July 2007

Rating agency Fitch is to establish its new London headquarters at Canary Wharf in a £290m deal.
Carlyle Group wins in Manchester

29 June 2007

US Investor Carlyle Group has beaten north-west tycoon Aneel Mussarat to forward fund one of Manchester’s largest office schemes.
Union embraces €45m Helsinki business park

29 June 2007

Union Investment Real Estate has completed its first purchase in Finland with the acquisition of the Duetto Business Park development in Helsinki from YIT Construction for €45m (£30m)
City Site Estates takes on Glasgow

28 June 2007

The Scottish development company is to develop a 10-storey office building in Glasgow city centre.
Tall tower approved in Liverpool

27 June 2007

Liverpool City Council controversially approved Mersey Property Company’s plans for a 34-storey building on the waterfront yesterday.
GVA Grimley survey reveals occupier demand for offices up

21 June 2007

Demand in the office sector will outstrip the retail and industrial markets in the next six months, according to a report by the CBI and GVA Grimley.
Kenmore buys Sheffield office scheme

21 June 2007

The Scottish property company has bought an office scheme in Sheffield from Priority Sites for £13.3m.
Bank of Ireland to take Bow Bells space

20 June 2007

Bank of Ireland after weeks of speculation has agreed to take space at Bow Bells House.
Merrill Lynch headquarters sold

20 June 2007

Merrill Lynch confirmed today it has sold its European headquarters in the City of London to GIC Real Estate in a £480m sale and leaseback transaction.
Gladman plans £14m Scotland office scheme

19 June 2007

Gladman Developments is planning a speculative £14m office scheme in Cumbernauld, near Glasgow.
Development Securities gets green light in the City

19 June 2007

The developer has received planning permission from the City Corporation to redevelop 10 St Bride Street in the City of London.
Canary Wharf Group makes City debut

15 June 2007

The developer confirmed today it was to undertake its first development outside the Canary Wharf Estate.
Strong growth in City of London office market

15 June 2007

The latest London City office report from Savills published today shows continued strong rental growth and take up and a falling vacancy rate.
Active Service

Offices and business parks

Sport England wants developers to help get the nation fit again.
Busman’s Holiday

Offices and business parks

Intrepid reporter David Hatcher assesses how green – and accessible – business parks are.
Estate of Gracemark

Offices and business parks

Mark Shepherd meets the men who seek out London’s shabby 1960s office blocks.
Family Values

Offices and business parks

David Hatcher meets Dan Gaunt, 33, a partner at Knight Frank, and his brother, Nick Gaunt, 34, who has just joined the same company as a trainee negotiator
New God for Minerva

Offices and business parks

The arrival of new chief executive Salmaan Hasan at Minerva has led to fundamental changes at the former office specialist.
Offices + business parks

Offices and business parks
Paddington Dare

Offices and business parks

We reveal the first images of a new Derwent London scheme.
Kier and MoJ to create £36m Supreme Court

14 June 2007

Kier Group and the Ministry of Justice (MoJ) have exchanged contracts to create a £36m Supreme Court in Parliament Square, London.
Oracle reveals £305m Canary Quarter plans

13 June 2007

Oracle Group has revealed plans for its £305m Canary Quarter scheme on the former Indescon Court site at Millharbour in London’s Docklands
Manchester Axis tower gets green light

13 June 2007

Property Alliance Group has received planning permission for its office tower in Manchester city centre.
Prudential buys ABN Amro HQ for £230m

12 June 2007

Evans Randall, the Mayfair-based private investment bank, has confirmed it has sold ABN Amro’s City of London headquarters to Prudential for £230m.
GE Real Estate pulls out of Manchester office scheme

7 June 2007

GE Real Estate has pulled out of forward funding one of Manchester’s largest office schemes being developed by London-based developer Argent.
Downing gets green light for Liverpool extension

7 June 2007

North-west developer Downing has received planning permission to develop further space at its office development The Capital in Liverpool.
Hammerson buys London office building for £71m

21 May 2007

Hammerson has bought Stockley House in London’s Victoria from a private client of DTZ for £71.4m, reflecting a net initial yield of 4.3%.
Hermes to sell St James's site

17 May 2007

Hermes Real Estate is putting a prime development site on the market - it has appointed Jones Lang LaSalle to sell 7-8 St James Square.
Canary Wharf flies high with six lettings

11 May 2007

Canary Wharf Group is continuing to put pressure on the City for the title of London’s premier business community as financial institutions and blue chip companies continue to flock to the Docklands
Croydon Gateway inquiry to go ahead in September

8 May 2007

A date has been set for the inquiry into the hotly disputed Croydon Gateway development site
Colliers' Rutherford heads to Cushman

3 May 2007

Cushman & Wakefield has poached Colliers CRE director Scott Rutherford to head up its office agency and development team in Birmingham, Property Week has learnt
British Land wins City development approval

3 May 2007

British Land’s latest addition to its City office development programme, Ropemaker, has received planning approval from Islington Council.
DekaBank sells Frankfurt tower for €620m

2 May 2007

DekaBank has sold its high-rise Tiranon building in Frankfurt to Morgan Stanley Eurozone Office Fund in one of the largest transactions in the German market
Warner completes £46m London office spree

2 May 2007

Warner Estate Holdings today completed a brace of London office purchases totalling £46.85m
JP Morgan chooses City for new HQ

2 May 2007

JP Morgan, the investment bank, has chosen the City of London ahead of Canary Wharf for its new European headquarters building.
Raymarine goes big in Portsmouth

2 May 2007

The marine electronics pioneer is to sign the largest office letting in Portsmouth for more than ten years.
Rutley stocks up on Swedish offices

1 May 2007

Rutley European Property has bought a Swedish property portfolio for SEK1bn (£74.9m), reflecting a gross initial yield of 5.85%
Knight Frank predicts fall in south-east office yields

1 May 2007

South-east office yields are set to fall by 50 percentage points to 4.25% by the end of the year, according to Knight Frank.
Workspace makes room for Manhattan Loft's Boag

1 May 2007

Workspace Group, London’s leading provider of flexible business space, has poached Manhattan Loft Corporation managing director Angus Boag as development director
Terrace Hill buys big Bracknell site

26 April 2007

Terrace Hill, the AIM-listed developer and investor, today announced that it had bought a large office development site in Bracknell.
Barclays expands presence at Canary Wharf

24 April 2007

Barclays Capital will take a new office at 40 Bank Street in Canary Wharf, it was confirmed today
Argent and King’s Cross objectors reach compromise

24 April 2007

The High Court hearing scheduled today between objectors of the King’s Cross development and Argent has been cancelled
Rok and Arlington set Bristol lettings record

23 April 2007

Rok Developments and Arlington Property Investors have completed Bristol's largest-ever out-of-town letting to WS Atkins
Rackspace takes 65,000 sq ft for Segro in Slough

20 April 2007

Segro has confirmed that Rackspace Managed Hosting will locate its UK data centre at the Slough Trading Estate in one of the biggest deals in the Thames Valley this year.
British Land agrees City law firm letting

19 April 2007

British Land has agreed to prelet two-thirds of an office development on the western side of the City to legal firm Charles Russell.
Big boost for Thames Valley offices

18 April 2007

Rackspace and Pipex are poised to sign letting deals at Heathrow’s Stockley Park totalling 105,000 sq ft (9754 sq m).
Warner and Morley splash out in Aberdeen

17 April 2007

Warner Estate Holdings and Morley Fund Management have bought St Magnus House in Aberdeen for £23.7m.
PPG on Leeds spree

17 April 2007

PPG Land has purchased an office and retail building in Leeds city centre from CBRE Investors for £16.4m.
LandSecs lines up RBS at Bankside complex

13 April 2007

The Royal Bank of Scotland is in talks to take the remainder of Land Securities’ Bankside office complex on the south bank of the river Thames
Prupim takes steps to reduce carbon footprint

12 April 2007

Prupim today announced details of a pioneering initiative designed to measure and reduce the carbon footprint of a typical property portfolio.
O2 signs up in Slough

11 April 2007

Mobile phone giant O2 has signed the biggest Thames Valley letting of the year at Segro’s Slough Trading Estate.
Stonemartin's 'landlord' up for sale

2 April 2007

Stonemartin, the serviced office property investor and operator, has put the limited partnership vehicle which owns virtually all of its co-owned properties up for sale at the request of its biggest investors.
ING £50m Edinburgh scheme approved

30 March 2007

ING received full planning permission from the City of Edinburgh Council yesterday for its £50m St Andrew Square mixed-use development in the city centre.
Developer Howard Ronson passes away

23 March 2007

Property developer Howard Ronson, 63, died on Wednesday in Monaco from cancer
Financial services

25 August 2006

Demand for business parks, particularly from banks, is improving. But GVA Grimley research shows rental growth is lagging.
Neptune orbits second phase at Liverpool Science Park

25 August 2006

Successful phase one take-up prompts early phase two planning application
No walk in the park

25 August 2006

While business parks achieved their best returns in more than a decade last year, negative rental growth and poor demand are holding the sector back. Christine Eade reports
Planning nod floats Belfast’s Titanic Quarter

25 August 2006

Northern Ireland Science Park Foundation has just received detailed planning permission for the next phase of development at its science park in Belfast’s Titanic Quarter.
Popular science

25 August 2006

You’ve heard of serviced offices, now it’s the turn of serviced laboratories.Look carefully at Fletcher House as it rises from the south-western corner of Oxford Science Park. Once, the 22,734 sq ft (2,112 sq m) development on the A4074, south of the city, would have had a definite use, either as a laboratory or as offices. Today, however, its adaptability will be key to its development.
Savalas heads for Bucks to cash in on market revival

28 July 2006

Wealthy individuals vehicle to build 100,000 sq ft facility near Chesham
Ventura signs up at Akeler’s Leeds Valley

28 July 2006

Contact centre outsourcer Ventura has signed a lease to take the whole of Akeler’s Boreal office building at Leeds Valley Park.
Keys to the cities

Offices and business parks supplement 2006

Over the next five pages, Deirdre Hipwell, Claer Barrett, Heather Greig-Smith, Sean McAllister, Anna Goldie, Christine Eade, Daniel Thomas and Molly Dover round up the office leasing markets of 10 UK and Ireland cities
Offices and business parks supplement 2006

Offices and business parks supplement 2006
Our plans for MEPC

Offices and business parks supplement 2006

Rupert Clarke (pictured), boss of parent group Hermes, and new chief executive Rick de Blaby explain their strategy for the developer.
Paper trail

Offices and business parks supplement 2006

Victoria Central, which has struggled to match the allure of nearby competitors, is to become home to the Telegraph when it relocates back to central London from the Docklands.
Rescue Remedy

Offices and business parks supplement 2006

The Fire and Rescue Service is condensing to eight regional centres to better cope with disaster.The devastation wrought by the terror attacks in London on 7 July 2005 and the images of firemen in fluorescent jackets attending the bomb victims served as a shocking reminder of the importance of the UK's emergency services.
Small mercies

Offices and business parks supplement 2006

Cisco Systems has appointed niche firm Hicks Baker to market the biggest tranche of land in Reading. Anna Goldie reports
The rise and rise of Macquarie Goodman

Offices and business parks supplement 2006

Deirdre Hipwell talks to chief executive Greg Goodman about Australian investor Macquarie Goodman's plans for European expansion
Business park take-up tops 2m sq ft in first half

26 August 2005

North-east rents rise 4.4% as vacancy rates fall in first six months of 2005
MEPC’s magician

26 August 2005

Sustainable development guru Rick De Blaby is conjuring up a mixed-use strategy for business park developer MEPC.
Prime time

26 August 2005

The Strutt & Parker/IPD Business Park Index report published today profiles the changing fortunes of business parks.
Slough Estates

26 August 2005

Slough Estates is converting the former weapons testing building on Farnborough Business Park, Hampshire, into the Hub. It will offer 170,505 sq ft (15,855 sq m) of office space on the first and second floors, and a cafe, convenience store and conference rooms on the ground floor. The Hub will open in the spring.
The comeback kids

26 August 2005

Business parks are welcoming back firms that were forced to sublet office space or worse, leave it empty.
Trafford Park application

26 August 2005

North-west developer MDA has submitted a detailed planning application for a 56,000 sq ft (5,200 sq m) office campus on the site of a former brick store in Trafford Park, Greater Manchester.
Brain drain

12 August 2005

Leicester’s National Space Centre opened four years ago, but plans for a science park next door have caused no end of headaches for its developers.
Further development planned at Oxford park

12 August 2005

The owner-occupier of a 70 acre (28 ha) Oxford science park is to expand development on the site following last month’s opening of a £4m modelling hall.
Lettings herald £10m Technopole expansion

12 August 2005

Edinburgh park set for speculative 36,000 sq ft building
Master of science parks

12 August 2005

There have been doubts, but the University of Cambridge is now on the brink of embracing commercial partnerships to develop science and technology space.
Basic instinct

08 July 2005

The market for serviced office space is growing confidently, but more and more companies are going down the no-frills road.
Bringing it all back home

08 July 2005

The uproar over offshore outsourcing belies the fact that many companies are returning their call centres to the UK.
How can we help you?

08 July 2005

Developers are doing their bit to combat call centres’ negative image as poor working environments.
Not yet REIT for conversion

08 July 2005

The sector needs to expand and ‘professionalise’ before real estate investment trust conversion can be considered.
Property partners

Property partners
Rising costs push India’s call centres out of big cities

08 July 2005

GVA Grimley reports ‘third phase’ in subcontinent’s outsourcing industry
Rotherham

08 July 2005

A £3.5m centre for start-up businesses in Rotherham in South Yorkshire is to have its roof covered with 8,000 plants as part of a plan to use environmentally economic technology.
Southern Cross tenants may face eviction threat

08 July 2005

Occupiers visited by bailiffs demanding rates payments
Watch this space

08 July 2005

Bizspace is eager to grow its £129m managed business space portfolio.
Yell expands telesales into Northern Ireland

08 July 2005

Yell has invested £8.5m to expand its telesales operation into Northern Ireland.
Pipeline dreams

Office and business parks supp 2005

Developers are ploughing ahead with new and expanding business parks. Is their confidence justified?
Tip from the top

14 June 2005

A property services company stands or falls on the quality of its people.
New recruits

14 June 2005

For the first time in years, surveying companies across the UK are embarking on a recruitment drive.
Arlington unveils first building at Uxbridge Business Park

Office and business parks supp 2005

Here are the first pictures of Arlington’s new building at its Uxbridge Business Park, Building 2, which was completed last month.
Basepoint begins work on Gloucestershire site

Office and business parks supp 2005

Managed business and enterprise centre specialist Basepoint has begun construction at the site of its latest centre in Tewkesbury, Gloucestershire (pictured).
CGI puts One Curzon Street on market

Office and business parks supp 2005

CGI, the open-ended real estate fund of German bank Commerzbank, has placed its landmark Mayfair building One Curzon Street (pictured right) on the market.
Dutch courage

Office and business parks supp 2005

Backing from its £5.1bn Dutch construction parent Royal BAM gives HBG Properties the confidence to go where other developers fear to tread.
Hedge trimming

Office and business parks supp 2005

Hedge funds have kept Mayfair rents as high as their returns. Now there are fears that some of the area’s tenants may be in trouble.
Office and Business Parks Supplement 2005

Office and business parks supp 2005
Organic growth

Office and business parks supp 2005

Incubators may not lead to big requirements, but they liven up business parks, making them more attractive to prospective tenants.
Rokeby’s Gosforth goes forth

Office and business parks supp 2005

Rokeby Developments has completed the construction of its latest building on the 50 acre (20.3 ha) Gosforth Business Park, near Newcastle.
Slough’s Farnborough Business Park takes off

Office and business parks supp 2005

Slough Estates has begun to speculatively develop two office buildings in the M3 corridor on the 125 acre (51 ha) Farnborough Business Park – the former Royal Aircraft Establishment site.
The numbers don’t add up

Office and business parks supp 2005

The government claims the relocation of civil servants under the Lyons review is on schedule, but many cities in the UK have yet to see any evidence of it.
The REIT man

Office and business parks supp 2005

Sam Zell, REIT legend and the biggest office property owner in the US, has his eye on India, China and the UK. Claer Barrett met him in Chicago
Testing times

27 August 2004

Animal rights activists have cost the UK £1bn in lost investment. Now they have taken the protest to MEPC’s Granta Park.
The only way is up

27 August 2004

With talk of a recovery in the air for the UK business parks, the 11th annual IPD/Strutt & Parker Business Parks Index report for 2003 shows how low the sector fell.
Key appointment

16 July 2004

John Spencer has come from Chubb to turn round MWB Business Exchange. Having closed its loss-making European arm, his next challenge is to breathe life into its UK business.
Management potential

16 July 2004

Land Securities subsidiary Landflex is among the companies pioneering the concept of ‘managed offices’, which occupy a middle ground between short-term serviced space and standard long-term leases.
A royal time of it

Offices Supplement June 2004

The Royals: is it east London's answer to Chiswick Park or an untested location that will take years to let? Development Securities, developer of the business park (left) in London's Royal Albert Docks, hopes this week's completion of its first speculative phase will silence its doubters.
Central london

Offices Supplement June 2004

Strong signs of recovery in central London should not mask the enduring problems of supply
Faded star

Offices Supplement June 2004

Stockley Park has led the business parks sector for years but few champagne corks will be popping to commemorate its 18th birthday as it approaches a 50% vacancy rate.
History repeats itself

Offices Supplement June 2004

An upturn in London's West End agency business is showing all the signs of following a pattern that was set in the late 1990s
It's in the post

Offices Supplement June 2004

Scotland's largest speculative office building has entered its final phase of construction. Waverley Gate, a £60m development near Edinburgh's Waverley Station by Castlemore Securities (left), is on target for completion in December.
Midlands

Offices Supplement June 2004

Proposed government relocations have dominated the Midlands' property scene
Mixed use will save

Offices Supplement June 2004

The last couple of years have been challenging for the property industry, most notably in the office sector.
North-east

Offices Supplement June 2004

It looks like a long, hot summer is in store for operators in the north-east
North-west

Offices Supplement June 2004

The region's office market looks set to brighten up as speculative and regeneration projects take off
Offices & business parks

Offices Supplement June 2004
Scotland

Offices Supplement June 2004

The country is pinning its hopes on public sector requirements for the next round of office lettings
South-east

Offices Supplement June 2004

Tenants are still in the driving seat but developers are on the hunt for cheap stock in the stormy south-east
South-west and wales

Offices Supplement June 2004

Government agencies have kept the south-west's property scene afloat but rents have stagnated
The power of two

Offices Supplement June 2004

Plantation Place may not include the tallest towers in the City but British Land hopes Arup Associates' innovative design will put rival office schemes in the shade.
Wanted: new lease of life

Offices Supplement June 2004

Stockley Park celebrates its 18th birthday this week but with half the business park's space now vacant, investors that own offices there are pinning their hopes on updated designs to increase their chances of signing tenants.
Weather check

Offices Supplement June 2004

Our five-page report assesses the highs and lows of the UK's office climate
Central spark

21 May 2004

Developers Akeler and Ask are hoping that an education and business development facility at Central Park will allow the scheme to compete with Manchester's other office locations.
The wake-up call

9 January 2004

With increasing competition from India and growth on the wane, the UK's call centre sector is in serious trouble, but the government has stepped in to help.
Market news

17 October 2003

RICS' Coventry coup … occupiers in Regent Street, Belgravia, Mayfair, Dumfries … flexible solutions
Ready for revival - Call centres + serviced offices

17 October 2003

Serviced offices were first to feel the economic downturn. Now Natalie Stevenson finds its biggest players hoping it will be the first sector to recover
Still in the running

17 October 2003

With the exodus overseas some have predicted the end of the UK call centre market. But it's not finished yet.
Demand in the doldrums

Office Supp 2003

In the first of four regional round-ups, Stewart McIntosh reports from oversupplied Scotland. We give each region a mark out of five on our ‘office barometer’
Doors opening

Office Supp 2003

A downturn in demand is unlikely to cause many problems. And, as Guy Sheppard reports, Birmingham could experience shortages by 2005
From Glasgow to Gloucester

Office Supp 2003

Our regional reporters round up a mixed bag of activity across the UK. Find out from the map how each region scores in our business park rating
Holding up well

Office Supp 2003

While no agent pretends the south-west is anything but hard work, deals are being done and rents are holding steady.
Modern classic

Office Supp 2003

An office building in London’s Marylebone has set tongues wagging with its retro design.
Offices

Office Supp 2003
On the up and up

Office Supp 2003

As Liverpool revels in its cultural future, Manchester continues to rack up deals of 10,000 sq ft or more. Steve Brauner reports
Silver lining

Office Supp 2003

Akeler is looking to spend £300m on acquisitions after bedding in to Lend Lease’s Global Properties Fund.
Talk of the towns

Office Supp 2003

Pat on the back … get it right, Germany … Bremner live from Norwich … community service
Unfinished business

Office Supp 2003

Ten years ago, as the property industry struggled to throw off the shackles of recession, commercial occupiers of all forms of property found their voice and demanded shorter leases.
An imperfect 10

18 July 2003

On the 10th anniversary of the first IPD/Strutt & Parker Business Park Index report, the sector is hardly in rude health
Overseas call

18 July 2003

The UK offices market is under threat from cut-price operations in the Far East
Technical hitch

18 July 2003

Science park owners hope an upturn in the stock market will bring back the venture capitalist funding for the occupiers they rely on
Business parks: American bye

7 March 2003

The Americans came, bought, got out and are now going home. We report on the fortunes of three big US funds in the UK
Office parks: Statutory requirements

7 March 2003

Quangos and bureaucrats are the unlikely saviours of the office parks sector: this is the finding of research by Knight Frank, which says that statutory bodies accounted for 14% of the demand in the south-east last year.
Office parks: Subletting leaves nothing to speculation

7 March 2003

The overwhelming issue facing business parks in the south-east is the rivalry between landlords and subletting tenants.
Science parks: Genetically modified

7 March 2003

Although the Wellcome Trust's application to extend its Genome Campus was turned down, it pressed on with its plans for a mixed academic and commercial scheme.
Unloved beauty

7 March 2003

Even the most attractive propositions can be turned down. We report on the crisis of confidence in office rental
Managed space: Service included

13 December 2002

A new breed of agent is offloading tenants' surplus space to serviced office occupiers.
Building design: Towering achievement

Offices Business Parks supplement 18 October 2002

What's curved, glazed and dwarfs the City? Swiss Re's new headquarters makes some unconventional turns but the reinsurance company hopes its groundbreaking structure will pull in the tenants.
Business parks: Recovery starts here

Offices Business Parks supplement 18 October 2002

Business parks have been star performers in recent years but have now hit hard times. Strutt & Parker's Office and Business Park Index (see definition below) reflects the recent changes in the sector
OAS Awards: My day with the office judges

Offices Business Parks supplement 18 October 2002

We accompanied the judges of this year's Office Agents Society best central London development award on their tour of the shortlisted offices
Profile: Change on the table at MEPC

Offices Business Parks supplement 18 October 2002

MEPC's Jamie Dundas and Robert Ware have performed fabulously for their shareholders, GE and Hermes, but now all sides are weighing up the future.
Regional outlook: Cold front in the north

Offices Business Parks supplement 18 October 2002

While Liverpool proceeds on a multimillion-pound makeover, Manchester is pinning its hopes on a new initiative to regenerate the city's established office core.
Regional outlook: Midlands still overcast

Offices Business Parks supplement 18 October 2002

With enquiries buoyant in the Midlands but deals becoming scarce, the market slowdown will damage some parts of the region far more than others.
Regional outlook: Scotland under pressure

Offices Business Parks supplement 18 October 2002

The Scottish market is treading a fine line between avoiding oversupply and maintaining sufficient demand.
Regional outlook: South-west shines on

Offices Business Parks supplement 18 October 2002

The problems of the hi-tech sector have left the south-west relatively unscathed – cities such as Bristol, Bath and Taunton are mostly facing problems of supply shortages.
Utilities: Grid lock

Offices Business Parks supplement 18 October 2002

The property sector feels it is being exploited by the power companies; power companies feel the property sector doesn't understand. We plug in to both sides of the argument
How to ... Innovate to boost occupancy levels

11 October 2002

It used to be said that when a serviced office operator hit 75% occupancy it broke even. If it reached 85% it would be raking in the cash. Today, average occupancy has risen well above the 75% threshold, but the trouble is, operators have discounted their rates by up to 50%. So how does the industry really stand?
How to … Create business models to beat economic downturns

11 October 2002

A quick look at the different property tenure strategies followed by the leading serviced office operators reveals which are having to revisit their business models and which are not. The hunt is on to find solutions to out-of-date approaches.
How to... Attract new clients in the downturn

11 October 2002

While the news from the top serviced office operators is gloomy, in the remainder of the sector the outlook is a little brighter. A survey by Instant Offices reveals that the sector is on the way back up. While Regus, HQ and MWB may be finding the going tough, the rest are managing to find new customers.
How to … Survive a downturn in the serviced-office market

11 October 2002

The serviced-office industry is learning some difficult lessons in a tight market. Landlords are having to compete for the few occupiers that are looking for space, and serviced-office providers are responding with innovative business models and lower costs.
Monkey wrench

14 June 2002

ITV Digital's demise is not just bad news for football clubs in the lower divisions. It has also forced the closure of its call centre in Wales. We report on what the future holds for the call centre industry
Torn in the USA

14 June 2002

HQ Global is in Chapter 11 and Regus has restructured in the US. We explore the disparate and troubled US serviced office market
Crystal clear

3 May 2002

Peugeot's old HQ at Neuilly-sur-Seine in Paris is being transformed into the Crystal Park business park.
Flying the nest

3 May 2002

Incubation centres are a great start, but many fledgling companies have problems reaching the next rung on the property ladder. We report from the UK Science Park Association conference where delegates were discussing the problem
Occupiers on top

3 May 2002

As availability rockets, many landlords are offering huge incentives to potential tenants, while others are being more cautious and waiting for a recovery.
Pretty vacant

3 May 2002

GVA Grimley research due to be published shortly shows a continuing surge in the amount of vacant space in UK business parks.
Standard of Livingston

3 May 2002

Livingston's Alba Campus is setting new standards in knowledge-sharing for hi-tech firms and is now attracting top names.
University challenge

3 May 2002

With its new business park at Enfield, Teesland has discovered it sometimes takes a name change to be a success. We report on efforts to make vital academic links in London and beyond
Cores célèbre

18 January 2002

Asymmetric cores could be the way forward for business park developments.
If the gap fits ...

18 January 2002

Knowsley in Merseyside is one of many previously deprived areas that are benefiting from EU gap funding.
Park life

18 January 2002

Business parks have traditionally sprouted in the countryside but they could soon be flourishing in cramped urban areas.
Size is everything

18 January 2002

When Britain's 'mid-tech' companies expand, they often find it difficult to get new premises that are the right size.
Space to spare

18 January 2002

Telecoms and IT companies continue to be the main occupiers in a shrinking market.
A world vision

Supplement October 2001

He hails from South America, lives in the US, completed his biggest project in Tokyo, and is now looking for architectural projects in Europe. Property Week discovers what drives architect Rafael Viñoly
Business as usual

Supplement October 2001

Now streamlined, privately owned and no longer getting stick from City analysts, MEPC is concentrating on doing what it has always done best.
Offices, Business & Science Parks

Supplement October 2001
Par excellence

Supplement October 2001

Peel Holdings has become frustrated by the lack of amenities near out-of-town office parks. Now it is taking a unique step to lure staff for its occupiers: it is building them a golf course.
Space probe

Supplement October 2001

City centre parking is set to become more difficult. We describe what the impact will be on developers, the government and motorists as radical transport policies kick in
Technical hitch

Supplement October 2001

The technology sector downturn has seen occupiers returning new, often unused space to the market at many south-east business parks. We assess the impact on supply and future development
Centre stage

28 September 2001

Private investors have found call centres, with their strong covenants and long leases, very attractive. So why aren't the funds following them?
Gloom service?

28 September 2001

New research shows that the serviced office pipeline is nowhere near as oversupplied as some market observers have been predicting.
Indian summer

28 September 2001

Call centres enjoy far greater kudos in India than in the UK, which is why so many firms are choosing to relocate to the subcontinent.
Window on the weird

28 September 2001

The downturn in the south-east's serviced office market has not stopped the sector flourishing in the rest of the country. We report on the operators that are challenging the stereotypes about location
Yanks for the memories

27 July 2001

For the first time in living memory, UK firms are taking up more space in Britain's business parks than their American counterparts.We report on how the US slowdown is affecting business parks in the UK
Call comfort

25 May 2001

Call centres are ditching their sweatshop image and hitting the cities to keep pace with the new generation of computer-savvy employees. We follow the rebranding trail and finds out where it is really heading
Experiment in design

25 May 2001

The new Regus centre in Covent Garden is an experiment in quirky design that has attracted clients from unexpected quarters.
Intensive care

2 June 2000

Got a great idea but little else? Maybe the solution to this impasse lies in a cross between a venture capitalist and a service provider.
Tomorrow's world

3 March 2000

If you want to attract today's hi-tech tenants, building a business park can be almost as involved as building the Starship Enterprise, says David Lawson
Service game

28 January 2000

Are serviced offices a flash in the pan or here to stay? Property Week asks serviced office operators, agents and an occupier to debate the pros, cons and future of a sector accused of oversupply. Abbey Business Centres hosted the event
Future office

25 June 1999

Call centres and serviced offices are two of the fastest-growing sectors in today's property market.