All Property Week articles in 5 August 2011 – Page 2
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News
Tesco Harlow shed shifted
London & Stamford Property has bought a 273,115 sq ft distribution unit let to Tesco in Harlow for £22.9m – a yield of 7.5%. Dowley Turner Real Estate advised London & Stamford; Allsop and Philips Roth advised the vendor, a joint venture between Goldtique and Liverpool Victoria Asset Management.
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News
Tesco hikes out of New Hall Street
Tesco has sold its old supermarket on New Hall Street in Stoke-on-Trent to Mayfair Capital’s Property Income Trust for Charities for £3.3m – a yield of 8%
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NewsGlasgow hoteliers’ getaway
Two luxury hotels in Glasgow have been put up for sale. The five-star Radisson Blu hotel on Argyle Street has been brought to the market for £40m by SI Group, which represents a syndicate of investors. SI has appointed Savills to sell the 247-bed hotel at a price that would ...
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News
Friends Life lets go of Grosvenor
Axa Real Estate Investment Managers has sold the Grosvenor shopping centre in Macclesfield, on behalf of Friends Life Company, to Eskmuir Securities for £21m. The 88,000 sq ft shopping centre has 45 shops and is let to tenants including Boots, Fat Face and Brighthouse, which has recently signed to take ...
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News
Glasgow Frasers sold
DTZ Investment Management has bought the House of Fraser in Glasgow on behalf of the Strathclyde Pension Fund
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NewsLondon River park floats pontoon ideas
Plans were submitted to the City of London Corporation this week for a floating pontoon on the north bank of the Thames, called the London River Park
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News
Sentiment static as recovery falters
Latest Lloyds Bank Confidence Monitor survey shows businesses expect little change in the market this year
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MarketsKidbrooke Village: Youthful Look for Ferrier Estate
Construction of the first phase has only just ended and the development will take at least a decade to complete, but already big claims are being made for the £1bn regeneration of Kidbrooke in south-east London
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Professional
Government energy targets
Government departments should do more to improve energy efficiency in buildings by overhauling contracts with facilities managers
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News
Minerva takeover nears end
Area Property Partners and Delancey have succeeded in their pursuit of listed London developer Minerva
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NewsReubens ditch DTZ for Knight Frank
The Reuben Brothers’ European Land has changed agents on its 1.8m sq ft Merchant Square scheme in London’s Paddington Basin, replacing DTZ with Knight Frank
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MarketsDanish Tiger earns its stripes in UK
Variety retailer opens yet another prime shopping centre shop
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News
Delancey’s Crewe cut
Delancey is to sell a B&Q warehouse scheme in Crewe, which is part of the Blade portfolio it bought eight months ago from Propinvest
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ProfessionalSustainability rules will create new tier of ‘tertiary’ property
Evidence is growing that sustainable building characteristics will be associated with reduced risks of obsolescence and depreciation, enhanced tenant retention, reduced voids periods and reduced operating costs
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News
Legal & General’s letting success in Covent Garden
Legal & General Property has cut the vacancy rate in its Covent Garden portfolio by more than three-quarters since buying the properties from ING 18 months ago
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MarketsFrancis Crick flies in face of property costs
Construction of the Francis Crick Institute has begun, despite a House of Commons select committee saying it could have been built elsewhere at a lesser cost
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MarketsGrainger at a loss as council rejects Wards Corner redevelopment
More than 200 people attended a five-hour meeting on 20 July in which Haringey councillors voted against plans to redevelop Wards Corner by five to four
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Online
Columbus’s industrial land of opportunity
Fund manager buys property portfolio from King Sturge founders’ Alycidon
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News
Rating retraction halts CMBS deals
The recovery of the global property debt markets was dealt a blow last week when a rating controversy caused banks to drop the sale of two commercial mortgage-backed securities (CMBS) deals.Goldman Sachs and Citi, and Freddie Mac pulled the sale of two CMBS deals with a value of $2.7bn after ...
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Professional
Check list: how to work out dilapidations
As leases near expiry, landlords and tenants begin to focus on the condition of the premises and the likely cost of complying with the tenant repair covenants.
