Singaporean fund buys DWP-let office portfolio for £280m
Singaporean investor Elite Partners Capital has completed a £280m deal to buy Telereal Trillium’s Hayhill Portfolio, which comprises 98 regional offices let to the Department for Work and Pensions (DWP), Property Week can reveal.
IWG's Spaces to double in size next year
IWG-owned co-working provider Spaces has set out ambitious plans to double its portfolio in 2019 to more than 400 offices globally.
Reuben brothers and Shiva to develop new hotel in Soho
David and Simon Reuben have entered into a joint venture with Shiva Hotels to develop a new hotel across two separate sites they have recently acquired in Soho.
Unilever's Bedford base hits market for £66m
Palmer Capital and Wrenbridge have put Colworth Park, home to one of Unilever’s global research and development campuses, on the market for £66m.
JLL’s Evans to head up Cushman’s industrial team
Cushman & Wakefield has appointed Richard Evans from JLL to head up its UK logistics and industrial team.
Aviva puts £30m One City Square building on market
Aviva Investors has put Leeds city centre office building One City Square on the market for £30m.
South Korean consortium secures Frankfurt skyscraper for €670m
A South Korean consortium comprised of IGIS and Hana Financial Investment has acquired the 45-storey Trianon skyscraper in Frankfurt from NorthStar Realty Europe for €670m (£595m).
Montagu Evans appoints ex JLL director
Montagu Evans has appointed Craig Wallace, a former director at JLL, as a partner in its planning and development consultancy team in Scotland.
L&G receives planning to convert 'Dragon's Den' into offices
The joint venture between Legal & General Capital and Dutch pension fund PGGM has received the go-ahead from Southwark Council to convert 47 Tanner Street, a former warehouse which hosted BBC show Dragons’ Den, into a new office scheme.
Metro Bank draws up checklists to reduce property lending risk
Metro Bank is introducing sector-specific checklists for its commercial real estate lending team to make its approach to lending more consistent and reduce risk
Kier 'on track' after property team shake-up
FTSE-250 listed infrastructure and housebuilding group Kier has said it is “confident” that the company will meet its full-year expectations in a trading update for the period since 20 September.
Gerald Eve posts rises in profit and revenue
Gerald Eve has posted a 16% rise in profit off the back of a 4% rise in revenue in its latest figures filed at Companies House.
GVA’s new owner outlines plans to build global brand
Avison Young CEO reveals firm stalked GVA for two and a half years before sealing takeover deal this month.
Logistics supply comes under pressure across Europe
Savills believes continental European markets are approaching a similar ‘inflection point’ to the UK.
Office subletting levels remain high in central London
The level of subletting activity in the central London office market has remained high this year as occupiers continue to relocate to prime space in a bid to attract talent, exclusive data from Gerald Eve shows.
West Mids focus: Birmingham and Wolverhampton bounce back with new devs
Helen Crane asks why residential development in the centre has hit new highs and whether the UK’s second city will remain a hotbed of activity.
Avanton on hunt for London growth areas
Omer Weinberger on developer’s plans to realise potential of non-prime London
Fear of being seen as party of the rich warps Tory policy on home ownership
We all know what the Budget did for residential property owners (correct answer: not much) but it’s worth understanding the politics behind some of Philip Hammond’s decisions to gauge what’s likely to happen in the future.
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