27 April 2012

Property Week

View all stories from this issue.

Asset Managers Cordatus and Kirkstone join forces

27 April 2012

Asset management companies Cordatus and Kirkstone have merged to create one company that will manage assets in excess of £400m.
‘Nimbys are not just saying “no”’

27 April 2012

Conservatives’ Open Source Planning author is optimistic about community involvement in development. Sarah Townsend reports
99p Stores signs for new anchor store at The Galleries in Bristol

2 May 2012

99p Stores has signed to open an anchor store at The Galleries Shopping Centre in Bristol as work starts to revamp the food court.
Actions speak louder, but eco data still matter

27 April 2012

Sir, I read William Hill’s piece, “Property funds now need to price green risk”, with interest
Ageing shopping centres as troubled as high streets

27 April 2012

New retail analysis from IPD illustrates the plight of the UK’s in-town shopping centres, which is putting swathes of the urban landscape at risk of obsolescence.
Agents blast EPC rules

27 April 2012

New legislation on energy performance certificates (EPC) has been decried as “ill-thought-out” by estate agents.
Alison Carnwath - chairman of Land Securities

27 April 2012

Carnwath marked her arrival at the UK’s largest REIT in November 2008, at the height of the property crisis, by asking then-chief executive Francis Salway to carry out a review of its entire strategy, following the portfolio’s fall in value by £4.74bn in a year.
Alison Nimmo - chief executive of the Crown Estate

27 April 2012

Edinburgh-born Nimmo, 47, took over the running of the Crown Estate in January, inheriting a portfolio worth £7bn. She is its first female chief executive and one of the biggest landlords in the UK.
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.
Amazon narrows down three sites for northern depot

27 April 2012

Internet retailer shortlists Mersey, Warrington and Doncaster hubs following Widnes washout
America’s Express eyes UK entrance

27 April 2012

US fashion retailer Express is drawing up plans to enter the UK market and open stores in London, ahead of a further expansion across Europe.
Aquascutum to be bought out of administration

2 May 2012

The Asian owner of fashion brand Aquascutum has entered into an exclusive agreement to buy the retailer out of administration.
Are we being served? How retailers must adapt to survive

27 April 2012

The business pages have made painful reading for the retail industry over the past few months. In the first quarter of this year, 69 retailers entered administration — an increase of 15% on the same period last year.
Argos brings in OC&C to review business

30 April 2012

Argos has appointed OC&C Strategy Consulting to undertake a review of its business.
Argos profits plummet 57%

2 May 2012

Argos today insisted stores remain a “key component” of the business, after it saw operating profits plunge 57%.
Aviva to sell BAFTA headquarters

2 May 2012

Aviva Investors Property Trust is selling the iconic headquarters of the British Academy of Film and Television Arts (BAFTA).
Benson Elliot picked to develop former Glenkerrin Arcadia Centre in Ealing

26 April 2012

Benson Elliot Capital Management has been selected by the administrators of Glenkerrin to buy and redevelop the Arcadia Centre in Ealing, West London.
Best thing since sliced bread

27 April 2012

Argent is to lay on a series of outdoor events at its King’s Cross Central scheme over the summer, in a bid to attract people to the north London development.
Big Yellow secures £100m loan

26 April 2012

Big Yellow has secured a £100m loan from Aviva in what is thought to be the first loan from an insurance company to self-storage.
Birmingham £30m hotel restoration gets green light

2 May 2012

Ambitious plans to restore Birmingham’s Grand Hotel to its former glory have been give the go ahead by Birmingham City Council, TheBusinessDesk.com reported today.
Birmingham in fashion for investors

27 April 2012

DTZ buys £16m first phase of Caxtongate and Temple Street mixed-use asset on market for £6.34m. Sarah Stewart reports
Birmingham University submits £175m expansion plans

1 May 2012

The University of Birmingham has submitted plans for the £175m expansion of its Edgbaston campus, TheBusinessDesk.com reported today.
Blackstone sells Nido for £415m

1 May 2012

Blackstone has exchanged contracts to sell its Nido student accommodation business for £415m to Round Hill Capital, as revealed by Property Week (news, 4.11.11).
Blackstone’s big box bonanza

27 April 2012

US real estate firm to buy from Barclay brothers as part of £600m industrial property spree
Blackstone’s billions

27 April 2012

Equity-raising target of $12bn would make latest fund real estate’s largest ever
BNPPRE hires big hitter as UK chief exec

3 May 2012

BNP Paribas Real Estate has undertaken a reshuffle at the top of its UK business and hired a top agent as its new UK chief executive, Property Week can reveal.
BNPPRE hires UK chief exec

3 May 2012

BNP Paribas Real Estate has undertaken a reshuffle at the top of its UK business and hired a top agent as its new UK chief executive, Property Week can reveal.
Brazilian billionaire to buy £470m City trophy in Delancey-led deal

2 May 2012

A £470m deal to recapitalise Plantation Place in the City was completed this week, bringing to an end a long-running saga.
British Land and Blackstone to extend Broadgate's retail offer

26 April 2012

British Land and Blackstone are drawing up plans to extend the retail element of their Broadgate estate in the City of London.
British Land trims £33m of Virgin Active fat

27 April 2012

British Land has sold five Virgin Active health clubs it bought in a portfolio last summer for £33m — a net initial yield of 6.5%.
Brooks MacDonalds Funds makes Salford ground rents buy

3 May 2012

Brooks MacDonalds Funds has bought the ground rent of a residential development in Salford Quays out of administration.
Brum property people disenfranchised from mayoral vote

27 April 2012

Electorate only extends to city centre, not to those who live in suburbs. Sarah Stewart reports
Brum property people disenfranchised from mayoral vote

27 April 2012

Electorate only extends to city centre, not to those who live in suburbs. Sarah Stewart reports
Canning Town fizzing with private rental flats

27 April 2012

Thames Valley Housing Association’s pioneering private rental subsidiary, Fizzy Living, has made its second purchase.
Capital & Regional exchanges on £130m mall

1 May 2012

Capital & Regional has exchanged contracts on its £130m purchase of The Kingfisher Centre in Redditch.
Care home seeks sanctuary in Telford

27 April 2012

Following the sale of a 1.1 acre site o Sanctuary Group in March, work will begin on the £8m Extra Care assisted living residential scheme at Lawley Village next month.
CBRE counts European losses

27 April 2012

CBRE’s European division made an operating loss of $11.3m in the first quarter of the year.
CBRE sheds director joins Anglesea

27 April 2012

Anglesea Capital has hired CBRE sheds director Charlie Howard as partner.
Chicago supermall is Rosenberg’s maiden buy for KKR

27 April 2012

Kohlberg Kravis Roberts has completed its first real estate purchase since hiring ex-Goldman Sachs director Ralph Rosenberg last year to form a new team.
Christie’s Nine Elms warehouse on the block

2 May 2012

A three acre site at the centre of London’s Nine Elms opportunity area is to be put up for sale by the auctioneers at Christie’s, which currently uses it for fine art warehouse facilities.
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 Site Estates falls in to receivership

30 April 2012

Glasgow-based City Site Estates has gone in to receivership.
City tower heads to point of no return

27 April 2012

Failed £535m restructuring means Citypoint could go into receivership
Citygrove hunts for £25m funding in Telford

2 May 2012

Citygrove is looking for an equity partner to fund its 99,000 sq ft retail and leisure development in Telford.
Climbdown on Lord's development ban

2 May 2012

Marylebone Cricket Club this afternoon withdrew a controversial motion to ban residential development at the home of cricket.
Clydesdale and Yorkshire banks exit property

30 April 2012

Clydesdale and Yorkshire banks are to stop lending to commercial property following a review by their Australian parent, as revealed by Property Week.
CPD Module 3: heritage and 2012 planning reforms

27 April 2012

When the government published its final draft of the National Planning Policy Framework 2012, on 27 March, it came with a strange feeling of calm.
CSC looks to increase rents

25 April 2012

Capital Shopping Centres today said that it was achieving new lettings in line with current estimated rental values, in a quarterly market update.
CSC to open aquarium at Trafford Centre

25 April 2012

Capital Shopping Centres is understood to be planning to open an aquarium at the Trafford Centre.
Cushman & Wakefield: Quarterly Leisure Review - April 2012

3 May 2012

In a difficult climate for retailers it has become increasingly important for landlords to add some ‘theatre’ to their retail assets to help drive footfall and increase customer dwell time.
Cushman poaches senior retail figure from JLL

1 May 2012

Cushman & Wakefield has appointed Jones Lang LaSalle’s Richard Davies as a partner and head of retail property and asset management in EMEA.
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.
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.
Debenhams to open Chester department store

1 May 2012

Debenhams has signed to open a 60,000 sq ft department store at The Coliseum Shopping Park in Chester.
Debt specialists come out to play for Toys R Us

27 April 2012

US owners plan £400m debt restructuring of UK business’s highly leveraged assets
Deutsche Bank’s global real estate update

27 April 2012

Deleveraging: effects on markets around the world
Diet club weighs into Reading

27 April 2012

Weight Watchers has opened its first UK store in Reading.
Douglas Duff in administration

30 April 2012

Milton Keynes-based property agent Douglas Duff has been placed into administration.
Downing plans £90m student developments

1 May 2012

Liverpool-based developer Downing has announced plans to embark on £90m worth of student property developments at a pair of schemes in London and Cambridge, TheBusinessDesk.com reported today.
Drivers Jonas Deloitte hires Battersea veteran

25 April 2012

Drivers Jonas Deloitte has hired former Treasury Holdings planning director Jeremy Castle as a director in its planning team.
DTZ launches FM service for SMEs

27 April 2012

DTZ, part of UGL Services, has launched a facilities management service aimed at small-to-medium-sized businesses.
Dungeon masters site move

27 April 2012

Merlin Entertainments’ London Dungeon was on Tuesday night granted planning consent to move from its site on Tooley Street under London Bridge Station to Waterloo.
Empty homes tsar Clarke: ‘halve void rate’

27 April 2012

TV presenter says schemes are demolished that should be redeveloped. Emma Haslett reports
Ernst & Young: Battersea sale still on

2 May 2012

Administrators to the vehicle that owns London’s Battersea Power Station have said the sale of the 39-acre site will proceed, despite its former owner suing Ireland’s National Asset Management Agency over the insolvency proceedings it carried out.
Esprit discovers Lighthouse is a keeper

27 April 2012

Esprit is rolling out a new store concept called the Lighthouse, after sales at a newly converted store in Cologne, Germany (pictured), skyrocketed.
Ex-Crown Estate chief Bright joins Curtin & Co

2 May 2012

Roger Bright, the former chief executive of the Crown Estate, has joined development consultancy Curtin & Co as chair of its advisory committee.
Ex-Morgan Stanley real estate boss found guilty of corruption

27 April 2012

A former head of Morgan Stanley’s China property investment arm has been found guilty of corruption.
Fashion brand Next to take Yorkshire warehouse

27 April 2012

The fashion retailer Next has taken a lease on a 263,000 sq ft warehouse in Yorkshire to support its online sales division.
Forever 21 eyes Oxford Street flagship store expansion

27 April 2012

US retailer Forever 21 is understood to be in talks to expand its flagship Oxford Street store by taking an assignment of its neighbour Desigual’s lease, Propertyweek.com can reveal.
French Connection seeking to close 20% of its UK shops

1 May 2012

Fashion retailer French Connection is looking to close 14 of its UK shops including those in shopping centres like Bluewater, Brent Cross and Lakeside.
Frequently Asked Questions

26 April 2012

Subscriptions and accessibilityHow do I get access to the tablet edition?The tablet edition is currently free for all users for a trial period. You can access it at http://www.propertyweek.com/tabletapp or simply visit http://www.propertyweek.com from your iPad and you will be asked if you would like to access the tablet edition. After the ...
Galliard chairman Conway buys back stake from Petchey

2 May 2012

Veteran property entrepreneur Jack Petchey has sold his 50% stake in Galliard Homes back to the company’s CEO, Stephen Conway, for £50m.
Gazeley appointed former Prologis VP

26 April 2012

Gazeley has appointed a former senior vice president at Prologis to its global commercial team.
Geox to open second Oxford Street store

2 May 2012

Shoe retailer Geox has signed to open a second store on the UK’s busiest shopping street, Oxford Street.
Glanmore valuation row exposes fault lines in methodology

27 April 2012

Chairman of fund writes to investors, claiming lender’s valuer has cut too deep. Mike Phillips reports
Government unveils £600m of real estate contracts

27 April 2012

A catalogue of £600m of potential contracts for public sector real estate services has been published by the government.
Grant unlocks Ruskin Square first phase

1 May 2012

Public funding from a local enterprise body will allow Stanhope and Schroders to begin the first homes at Croydon’s Ruskin Square, after years of stasis at the nine acre scheme.
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.
Hamptons International forms New York alliance

30 April 2012

Hamptons International has expanded its international footprint by signing an agreement with a New York real estate firm.
Hands' £825m grab for care home operator

30 April 2012

Guy Hands’ Terra Firma is to buy the UK’s biggest care home operator Four Seasons Health Care for £825m.
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.
Hold on to your hats: confidence in property is rising

27 April 2012

But levels are still below that of last year. Mike Phillips reports on the latest Lloyds property confidence monitor
In valuation disputes, it’s the client’s fault as much as the valuer’s

27 April 2012

A string of valuation rows - most recently between private investor fund Glanmore Property Fund and the Royal Bank of Scotland (professional, overleaf) - have placed this part of the property profession under close scrutiny.
In-flight entertainment

27 April 2012

British Airways this month launched a pop-up shop in London’s Shoreditch called Flight BA2012.
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.
Investec Securities: Household Goods & Home Construction - May 2012

3 May 2012

Three months on from our housebuilding initiation note, Huffing and Puffing, on 30th January, and things are going along steadily so far, very much in line with our thesis.
JLL reports ninefold increase in first quarter profit

2 May 2012

Jones Lang LaSalle last night reported stellar first quarter figures that easily beat Wall Street’s forecast, as it gained market share and expanded operating margins.
JLL retail director quits to set up investment agency

25 April 2012

Jones Lang LaSalle’s retail capital markets director has quit the firm to set up a new specialist investment agency.
JLL to shut auctions business

3 May 2012

Jones Lang LaSalle is shutting its auctions business less than a year after it acquired the team through its merger with King Sturge.
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.
JLL’s Dyer tops global pay league

27 April 2012

Colin Dyer was the world’s highest-paid property services firm director last year.
Jones Lang LaSalle appointed as sole agent at London Gateway

25 April 2012

Jones Lang LaSalle has been selected as the sole agent for DP World’s £1.5bn London Gateway project in the Thames Estuary.
Kensal Rise Library row exposes ambiguity of ‘reverter’ clauses

27 April 2012

The freeholds of two public libraries in north-west London have returned to their original owner under a little-known Victorian law, sparking a row between the council and a community group that wants to run one of the facilities “at no cost to the council”.
Kingfisher’s new DIY chain

27 April 2012

Mid-sized DIY Express launched in south of England
Knight Frank poaches DTZ north-east squad

2 May 2012

Knight Frank has today confirmed the hire of 24 DTZ north-east office staff who are in charge of managing the 17m sq ft UK Land Estates portfolio.
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.
Knight Frank: Shopping Centre Investment Quarterly - Q1 2012

3 May 2012

While the economic outlook appears to be more stable, Q1 2012 recorded much lower levels of transactions than a year ago as investors remained cautious.
L&G completes debut property debt deal

1 May 2012

Legal & General has made its debut real estate debt financing deal.
Land Secs reshuffles retail team

2 May 2012

Land Securities’ retail team has undergone a reshuffle which will now see it run by a committee.
LandSecs buys 10% stake in X-Leisure

27 April 2012

Land Securities has bought a stake of just more than 10% in the £282m X-Leisure fund.
LandSecs in Nottingham leisure buy

3 May 2012

Land Securities has acquired The Cornerhouse leisure scheme in Nottingham from BP Pension Fund for £50m.
Listed Schroders fund sees 1% NAV drop

25 April 2012

The listed property trust taken over by Schroders last year today reported a 1.1% drop in net asset value, due to a fall in the value of its portfolio.
Liz Peace - chief executive of the British Property Federation

27 April 2012

If you don’t know Liz Peace, then you don’t know property. The chief executive of the British Property Federation has spent the past decade lobbying on behalf of the industry to the government on such property-related issues as empty rates, stamp duty, planning and even flood risk insurance.
Lloyds building owners miss loan deadline

27 April 2012

The owner of the iconic Lloyds of London building in the City is under pressure to refinance a £141m loan after missing a repayment deadline last week.
London & Associated’s 29% NAV fall

30 April 2012

London & Associated Properties suffered a 29% drop in its net asset value last year as a result of a jump in the mark-to-market valuation of interest rate swaps.
London Dungeon to move to Waterloo

25 April 2012

Merlin Entertainments’ London Dungeons was last night granted planning consent to move from its current location on Tooley Street in London Bridge to Waterloo.
Loughborough Olympic bid

27 April 2012

Loughborough University has teamed up with iCity, one of the two remaining bidders for the Olympic International Press and Broadcast Centres from 2013, and plans to create a new research campus at the site.
Lucinda Bell - finance director at British Land

27 April 2012

Bell joined the REIT in 2001 as head of tax and accounting.
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.
Mapeley launches “Salisbury FM”

1 May 2012

Investment and asset management company Mapeley has today launched a facilities management company, and has won a nine-year contract from the government.
Matthew Hill joins Alvarez & Marsal in senior European role

25 April 2012

Alvarez & Marsal, the global professional services firm, has appointed Matthew Hill as head of its European real estate advisory services business.
Mayfair penthouse sets new price record

1 May 2012

The sale of a penthouse apartment at the Walpole Mayfair development on Arlington Street in London has set a new price record for the area.
Mayoral hopefuls await Birmingham referendum

27 April 2012

On 3 May a referendum will be held to decide whether Birmingham will have a directly elected mayor. It is part of a strategy addressed in the Localism Bill to devolve power from Whitehall.
Metric makes first high street investment

30 April 2012

Metric Property Investments has made its first high street investment in Berkhamstead, Hertfordshire.
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.
Monthly rents not fair play

27 April 2012

Sir, I was interested to read your article stating that 25 retailers signed an open letter to landlords, urging monthly rather than quarterly rents in advance
MORNING AFTER: The Property Race Day Golf Event

27 April 2012

Eighty members of the property industry turned out for the Property Race Day golf event at City Golf on Wednesday and a chance to pose with the Open Championship’s “Claret Jug”.
Nairn cooks up a storm in Aberdeen

27 April 2012

Celebrity chef Nick Nairn is to open a cookery school and shop in Aberdeen.
Naish to step down as head of SWIP

1 May 2012

Malcolm Naish is retiring from the role of head of property at Scottish Widows Investment Partnership.
National Grid appoints Capita Symonds

30 April 2012

National Grid has appointed Capita Symonds to work across its £400m portfolio of surplus sites.
Native Land plans £300m Mayfair resi

3 May 2012

Native Land is in exclusive talks to redevelop an office block worth almost £100m just off London’s Regent Street, PropertyWeek.com can reveal.
Nature Delivered signs in Hayes

30 April 2012

Nature Delivered, the company behind natural food company Graze.com, has signed to occupy an 81,083 sq ft site at Connect West, in Hayes.
Need to know: Tesco’s extras

27 April 2012

Jonathan Simpson, manager of corporate affairs at Spenhill, the wholly owned regeneration subsidiary of Tesco, gives Sarah Stewart an update on Tesco schemes across the West Midlands.
No place like home counties for prime growth …

27 April 2012

There are signs of recovery in the residential market outside London, as foreign interest in the capital prices buyers out, Savills research reveals.
Orlebar Brown and Joseph take space at Chelsea's Duke of York Square

1 May 2012

Swimwear retailer Orlebar Brown has signed to open at Duke of York Square in Chelsea, while fashion retailer Joseph is extending its space.
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.
Pearl’s auction jam

27 April 2012

Fallout with joint venture partner could spark record sale of prime London assets
Peel's awards appeal

27 April 2012

A tip of the cap to Peel Holdings’ John Whittaker, who picked up two gongs for his headline-grabbing year.
People Moves: 27 April

27 April 2012

Graham & Sibbald has promoted Keith Watters to partner in the chartered surveyor firm’s Edinburgh office.
People Moves: Eversheds, LSH, Savills, Hawksmoor and more...

27 April 2012

Graham & Sibbald has promoted Keith Watters to partner in the chartered surveyor firm’s Edinburgh office.
Planning framework is more lawyers’ charter than developers’ friend

27 April 2012

In the promotion battle between developers and countryside campaigners, the final unveiling of the National Planning Policy Framework represented, at best, a scrappy draw but, more likely, a narrow win for amateurs National Trust FC over Big Builders United.
PMB Holdings appoints new CEO

2 May 2012

PMB Holdings, the developer founded by Peter Beckwith, has promoted director Ed Jones to chief executive.
Poundland to open 400th store

27 April 2012

Poundland will open its 400th store in Haringey tomorrow, creating 30 new jobs at the former Peacocks store.
Property Awards 2012: Wossy's wound-up

27 April 2012

It was the best-kept secret in the property industry. How would this magazine follow up two stellar years for the Property Awards, one hosted by Chris Evans and the next by Michael McIntyre?
Property firms enjoy tweet success with social media

27 April 2012

Twitter can offer a quick, effective way to engage within the industry. Hardeep Sandher reports
Property love-in to extend

27 April 2012

Sitematch London, a speed datingstyle initiative that brings developers and councils together in the hope of progressing stalled schemes, is to beexpanded to cover public agencies such as Transport for London, the Homes and Communities Agency and the Government Property Unit.
Property Week Digital Edition - 27 April 2012

27 April 2012
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.
Prupim: United Kingdom Real Estate Perspective - April 2012

3 May 2012

Having steadily and continually risen since August 2009, capital values appear to have peaked. Indeed, values have now fallen, albeit only marginally, for the last three months, reflecting a combination of flat or negative rental growth and small increases in yields.
Pure Gym fighting fit and ‘not for sale’

27 April 2012

Founder says adviser called in to discuss expansion plans. Rachel Hunter reports
Q+A: Trebor prepares Grand opening in Birmingham

27 April 2012

Bob Tattrie, managing director of Birmingham-based Trebor Developments (so called because it is his name backwards) spoke to Sarah Stewart about the redevelopment of the Grand Hotel on Colmore Row in the city centre and its other plans
Raven Russia buys $215m Moscow logistics park

30 April 2012

Raven Russia subsidiary, Padastro Holdings, has entered into a conditional agreement with PLP Holding to buy Toros, the owner of Pushkino Logistics Park to the north east of Moscow for $215m.
Realis bites into Stoke retail scheme

27 April 2012

With the first phase of development under way, the developer of the £350m City Sentral retail scheme in Stoke-on-Trent is now negotiating a compulsory purchase order and preparing to submit a detailed planning application on the main part of the scheme this summer.
Regions give London a run for its money

27 April 2012

Two property experts talk about their experience of resi in the regions
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.
Retailers’ talk is tough, but big landlords drive a hard bargain

27 April 2012

Tough negotiations continue on UK’s struggling high streets. Rachel Hunter reports
RICS: UK Commercial Market Survey - Q1 2012

3 May 2012

The latest RICS UK Commercial Market Survey shows there was little change in overall activity during the first quarter.
River Island accessorises at Bullring

27 April 2012

River Island is understood to be in talks with Hammerson to open its second accessories store, at Birmingham’s Bullring.
Salmon Harvester fund buys Worcestershire mall for £20m

2 May 2012

Salmon Harvester Opportunity Fund has bought the St Andrews Square shopping centre in Droitwich Spa, Worcestershire for £19.8m.
Salmon swims against current with record results in 2011

27 April 2012

Profit of £6.9m on £31m turnover bolstered by new lettings and sales
Sam clocks up the mileage

27 April 2012

As if winning Young Personality of the Year wasn’t quite enough, übermensch UBS-CLOVA portfolio manager Sam Sananes dressed up as Big Ben to run the London Marathon, three days after the Property Awards.
Sanderson Weatherall to open Bristol office

27 April 2012

Sanderson Weatherall will open a new office in Bristol next month.
Savills: Commercial Development Activity - April 2012

3 May 2012

March data pointed to a marked monthly expansion in total commercial development activity, that was the strongest in just over two years.
Savills: Dublin Industrial Market - Q1 2012

3 May 2012

“Q1 12 has seen the sharpest increase in the amount of industrial space coming to the Dublin market in the last number of years, with a record total of 1.4m sq m of space now available. The increase is being driven by overall market conditionsand an increasing number of banks and receivers putting properties on the market.”
Schlössle Galerie in Germany sold for €76m

3 May 2012

Deka Immobilien has sold its Schlössle Galerie shopping centre in Pforzheim, Germany for €76m.
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.
Selfridges plans Oxford Street store extension

3 May 2012

Department store retailer Selfridges is planning to revive its plans for a major extension to its Oxford Street flagship store.
Shoes find Coolway into Germany

27 April 2012

Spanish shoe retailer Coolway is to make its debut in Germany, after signing leases on two stores in Cologne and Oberhausen.
Shopping centre pipeline slashed

27 April 2012

Around 27m sq ft of shopping centre space has disappeared from the development pipeline since the onset of the recession, research by shopping centre body BCSC has found.
Shuttleworth Octave Tower site up for sale

2 May 2012

A 0.7 acre site next to Vauxhall Tube station that had been earmarked for a 149 metre Ken Shuttleworth-designed residential tower has been put up for sale.
Smokin’ deal for Frazier’s Philly gym

27 April 2012

Joe Frazier’s gym in the US city of Philadelphia has been put up for sale at a “punchy” guide price of $999,000.
St Modwen’s purple patch at Longbridge

27 April 2012

St Modwen completed the Factory youth centre (pictured) at Longbridge last week, as part of the government’s Myplace initiative.
Starwood hires top banker

27 April 2012

BNP Paribas’s Peter Denton picked to lead US private equity firm’s new debt fund drive
Starwood hires top BNP Paribas banker

26 April 2012

Starwood Capital has made a major recruitment to head its push into the European lending market.
Starwood hires top BNP Paribas banker

26 April 2012

Starwood Capital has made a major recruitment to head its push into the European lending market.
Susan Lloyd-Hurwitz - managing director, Europe at LaSalle Investment Management

27 April 2012

After completing a degree at the University of Sydney that involved writing a thesis on the migration experience of Icelanders to Sydney, Lloyd-Hurwitz’s course supervisor suggested a career in property research, and the die was cast.
The development window is open, but 2016 will be too late

27 April 2012

The elevated aversion to risk means most investor interest is for prime properties let on long leases to impeccable tenants.
The most influential women in property

27 April 2012

Fifteen fund managers, 14 of the most important people in corporate real estate and almost 20 chief executives and managing directors — for anyone who questions the power that women wield in real estate, Property Week’s list of the 100 most influential women will dispel any doubts.
Think-tank prelets in Southwark

1 May 2012

The Overseas Development Institute has prelet McKay Securities’ 203 Blackfriars Road development.
Time Warner HQ search is on

2 May 2012

US media giant Time Warner and advisers at CBRE have stepped up their search for a 160,000 sq ft London headquarters building, but they have limited options in the West End or Midtown for their budget-led move.
Tower power has diminished

27 April 2012

Sir, I read John Slade of Accrue Capital’s recent article in Property Week with great interest, particularly with regards to the prospect for tower developments and the need for generous landlord concessions
Treasury sues NAMA over Battersea

2 May 2012

Irish developer Treasury Holdings is suing Ireland’s National Asset Management Agency for damages following the appointment of receivers to the companies that own Battersea Power Station and the surrounding land.
UK banks exit property

30 April 2012

Clydesdale and Yorkshire banks are to stop lending to commercial property following a review by their Australian parent, as revealed by Property Week.
UK in recession

25 April 2012

The United Kingdom is back in recession, it was revealed today, following the second consecutive quarterly decline in gross domestic product.
Vacancy increases at Segro

26 April 2012

Vacancy increased and rental income fell across Segro’s portfolio in the first quarter of the year.
Vydra departs Knight Frank for CBRE

25 April 2012

Knight Frank equity partner and City leasing director Chris Vydra is leaving the company for rival CBRE.
Wembley Central retail to go under the hammer

30 April 2012

Part of St Modwen’s Wembley Central is to be to be sold at auction this month, alongside Birmingham’s O2 academy music venue.
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.
Whitehall order marks German withdrawal

27 April 2012

DTZ’s Money into Property report shows ongoing European banking problems
Wolseley founders serve stake

27 April 2012

The owners of London restaurant the Wolseley are to sell a stake in their operating company for £21m.
Wolseley owners get £21m cash injection

25 April 2012

The owners of The Wolseley in London are to sell a stake in their restaurant group for £21m.
Women are integral to UK property's future success

27 April 2012

Why create a Women’s Power List? First, to compare with our Property’s Top 100 Women that we published in 2006.
Women's Power List

27 April 2012

Fifteen fund managers, 14 of the most important people in corporate real estate and almost 20 chief executives and managing directors — for anyone who questions the power that women wield in real estate, Property Week’s list of the 100 most influential women will dispel any doubts.
X-Leisure tops IPD chart with 4.1% first-quarter return

27 April 2012

Strong form continues for best-performing pooled property fund of 2010 and 2011
You say it best when you say nothing at all

27 April 2012

The message: Silence over break clauses can be golden
Zara's Edinburgh store for sale for £17m

2 May 2012

The Zara store on Princes Street in Edinburgh has been put up for sale for £17.25m.