All Property Week articles in 9 October 2009 – Page 10
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News
King Sturge says adios to subdued Spanish market
King Sturge has applied to put its Spanish arm, King Sturge Espana, into liquidation
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News
Sage adds finishing touch in Glasgow
Software provider Sage has taken the final 10,000 sq ft at F&C Reit Asset Management’s 206 St Vincent Street in Glasgow at more than £200,000 a year. Sage has taken a 10-year lease with a five-year break
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MarketsLiverpool agreement swings into action
Construction of SuperPort one of four initiatives in 20-year plan to develop city’s economy
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Professional
Accountants ignored for admin help
Banking and insurance group Aviva says professional service firms turn to the internet (86%) or friends and family (36%) when they need help with administration and paperwork, rather than accountants
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News
Accountant’s statement in Cheadle
Accountancy practice Clarke Nicklin has bought an 8,500 sq ft office at Muse Developments’ Cheadle Royal Business Park for its own occupation
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MarketsSpeke’s volumes about the state of Mersey sheds
More than 1m sq ft of sheds to be taken up as cash-rich investors flock in
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News
Sirius consolidates ABN portfolios
Sirius Real Estate, the AIM-listed German flexible workspace provider, has received approval to consolidate its two portfolios financed with ABN Amro for a small one-off fee
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News
Aberdeen buys Ipswich shops
Aberdeen Property Investors, on behalf of Aberdeen City Council Pension Fund, has bought five shops let to WH Smith, C&J Clark, O2 and two local retailers at 10/14 Westgate Street in Ipswich, for close to £8.5m, reflecting a net initial yield of 7.4%
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News
Aviva sells Brum Dunelm at 8.88%
Aviva Investors has sold the freehold of the Dunelm store on New Bond Street in Birmingham to clients of Mayfair Capital Partners for £3.35m, reflecting a net initial yield of 8.88%
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Professional
Retiring staff at 65 ruled lawful
The High Court has confirmed that it is lawful for companies to retire their staff at the age of 65 (above), providing that they comply with statutory retirement procedures
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News
HCA to give £42m for King’s Cross
The Homes and Communities Agency has agreed to provide £42m to help develop the first phase of affordable housing at the King’s Cross Central regeneration scheme.
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News
Ashtenne Industrial rejigs £409m debt
Ashtenne Industrial Fund, which invests in UK multi-let industrial estates, has refinanced its £409m of debt
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News
CBRE Investors sells Mutual at 5.4%
CB Richard Ellis Investors has sold Mutual House at 193-201 Regent Street for £30m to a private investor — a yield of 5.4% — as revealed by Property Week (28.08.09).
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MarketsMount Anvil hammers out £350m development programme
Residential developer-contractor buys City of London site and begins fundraising ahead of £350m plans
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NewsBidders queue up as Lloyds sells off £250m Silverburn
Lloyds Banking Group offers “stapled finance” for its Pollock shopping centre
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News
Max finalises £232m Industrious buy
Nick Leslau and Mike Brown’s Max Property completed its £232.1m purchase of the Industrious portfolio from receiver Ernst & Young on Wednesday
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OnlineColliers CRE: Glasgow Net Stock Absorption - Autumn 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."
