All articles by Andrew Don – Page 10
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EXPO 2014: £207bn real estate exposure for Euro asset management agencies
Europe’s asset management agencies have almost €264bn (£207bn) of European non-core real estate exposure, Cushman Wakefield has estimated.
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Helical Bar buys Sainsbury’s warehouse for £11.5m
Helical Bar has bought Sainsbury’s regional distribution warehouse in Yate, Bristol, from a private Irish investor for £11.5m, reflecting a net initial yield of 10.1%.
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Unite urges MIPIM UK boycott
Unite is urging London Labour councillors to boycott MIPIM UK, the property fair which is taking place in the capital later this month.
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Omega Warrington wins new development go-ahead
Warrington Borough Council has given Omega Warrington the green light for 686,000 sq ft of logistics space on the Omega South site, in Cheshire – the largest application to be approved in the North West this year.
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Cabinet Office to slash number of government buildings in London
The Cabinet Office has announced plans to further slash the number of central government buildings in London and move staff to the suburbs.
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British Land serves up Costa across six parks
British Land has signed Costa Coffee to six of its retail parks in a bid to boost food and leisure services.
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Ottolenghi to open in Spitalfields
Celebrity chef Yotam Ottolenghi has taken a 25-year lease on a 3,746 sq ft Grade II-listed building in London’s Spitalfields.
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Mayor intervenes in South Quay
London Mayor Boris Johnson has announced he is working with Tower Hamlets council on a masterplan for South Quay, on the Isle of Dogs, due to the number of tall buildings coming forward in the area.
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Henley sells £20m Peugeot distribution centre
Henley has completed the sale of its Peugeot distribution centre in Coventry to institutional investor CCLA for £20m reflecting a yield of 7%.
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Southampton and South Coast face office shortage
An office-space shortage is looming over Southampton and on the South Coast, a new report has cautioned.
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Kennedy Wilson Europe in £350m share offering
Kennedy Wilson Europe Real Estate is undertaking a £350m share offering to fund future acquisitions in property and real estate loans.
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Miller Homes pulls IPO
Miller Group has pulled plans for a £450m flotation on the London Stock Exchange blaming volatility in the financial markets.
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Prime Retail hires from Cushman & Wakefield
Prime Retail, the niche property agent handling the disposal of the remaining Phones4U outlets, is expanding its investment team with the appointment of Bradley Maher as an associate partner.
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Michael Kors moves into Liverpool
Michael Kors, the New York-based luxury goods brand and retailer, is set to open a Michael Kors Lifestyle store at Liverpool ONE.
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British Lands secures Portman Square letting
Ardagh Glass has agreed to take 10,250 sq ft of office square at British Land’s 10 Portman Square in the West End of London.
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Flats make up majority of mansion tax, report finds
A massive swathe of Greater London properties worth more than £2m are flats or terraced houses, an analysis from Knight Frank has found.
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Octopus completes MedicX deal
Octopus Investments has completed its purchase of MedicX Group.
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JLL merges with London residential firm
JLL has announced a merger with WA Ellis to boost its presence in the central London residential market.
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St Modwen reports strong performance
St Modwen Properties expects to defy market consensus for its full-year pre-tax profit with management predicting performance materially ahead of 2013.
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LondonMetric buys £68.5m Dixons shed
LondonMetric Property has exchanged on the off-market acquisition of the Dixons Retail distribution centre in Newark for £68.5m, reflecting a net initial yield of 6.4%.