All articles by Clayton Hirst – Page 6
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News
Haslemere squares up to £50m West End deal
Haselmere Estates, the UK arm of Dutch fund Rodamco, is close to securing a site for a £50m speculative office scheme on London's Trafalgar Square. The company, run by Chris Bartram , is understood to have put Kinnaird House, at the east end of Pall Mall, under offer for around ...
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News
Regulator calls review of rail station leases
Chris Bolt, the government s rail regulator, is planning to simplify the operation of more than 100 stations in a move designed to promote new property development. Bolt has commissioned Lambert Smith Hampton to review the Station Access Regime the rail industry s rule book which sets ...
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News
MAM signs up Felton for FM acquisitions
Mercury Asset Management is planning an aggressive assault on the facilities management sector which could see it taking control of up to five new businesses. The proposals are being drawn up by the group s private equity division which hopes to secure management buy-ins and brand the companies under one ...
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News
Canary says yes to UK’s largest property float
Paul Reichmann, the Canadian property magnate behind Canary Wharf , is planning to float the company in April to create the UK s third-largest quoted property company. Property Week has learned that the decision to launch the £2.6bn flotation was made last week at a meeting with Reichmann s four ...
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News
Spanish link beefs up Weatheralls’ network
Weatherall Green & Smith began rebuilding its European network this week by forming an association with a Spanish property consultant. The link with Intec Consultores-Barta & Partners gives Weatheralls access to offices in Madrid, Barcelona, Valencia, Seville and Portugal. Intec also has three offices in South America. Weatherall International ...
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News
CWC hangs up on UK £800m outsource deal
Cable & Wireless Communications (CWC) has pulled the plug on a £800m deal to outsource the running of its entire UK estate. The telecom group was close to agreeing a deal with Clive Groom s Building & Property facilities management company. If signed, CWC would have taken the operational liability ...
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News
$2bn fund kicks off US bank’s Euro-plans
US investment bank Lazard Freres is to dive head first into European property company investment with the launch of a $2bn (£1.2bn) fund. The New York-based group will target western Europe and Asia and plans to start raising money in late March, according to US sources. Like the acquisitive US ...
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Insight
On the right track
With a remit to be more commercially aggressive, Railtrack Property boss Dick Chenery and his team are rapidly gaining momentum.
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News
Knight Frank leads field in Grubb & Ellis tie-up race
Knight Frank has overtaken FPDSavills and DTZ Debenham Thorpe as the front runner to link up with US property consultant Grubb & Ellis. A source in the US close to the talks said that Knight Frank is looking to drop its existing association with Equis Corporation ...
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News
Crown shifts focus to core West End estate
The Crown Estate has completed one of its largest disposals by selling BankBoston House in London s Victoria for £33.25m. The landed estate, the origins of which date back to the reign of King Edward the Confessor, sold the office as part of a strategy to focus on its ...
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News
MoD's £500m London plan
Three slabs of prime central London real estate are to be released to the market as part of the MoD's £500m PFI scheme in Whitehall. Property Week has learned that the winning consortium for the scheme is likely to sell Northumberland House and bring the Metropole Building and Great Scotland ...
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News
Euro brings pressure to UK lease structure lead here
The effects of the euro s launch took hold this week with calls for lease reform and moves to allow rent payment in the new currency. Head of property at BT Alan White said that a single currency will make occupation costs comparable across Europe, which will lead to ...
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News
Regus achieves goal with SW1square deal
Regus is planning to open a luxury serviced office centre at MEPC 's former headquarters in St James's Square, London. Mark Dixon 's serviced office company is understood to be in advanced negotiations to take the Grade II-listed 12 St James's Square, totalling 4,645 sq m (50,000 sq ft). ...
