All articles by Jennifer Rigby – Page 9
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Legal Ombudsman signs up for Birmingham office
The Legal Ombudsman has signed up for a new 40,000 sq ft office at Targetfollow’s Baskerville House.
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US Embassy design revealed
Architect Kieran Timberlake has won the design competition for the new United States Embassy on the banks of the River Thames in London.
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Invista agrees to buys West Brom BT office for £15m
Invista Foundation Property Trust has agreed to forward purchase an office in West Bromwich, near Birmingham, for just under £15m.
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London & Stamford sells Leeds office for £51m
London & Stamford has sold 1 Whitehall Riverside in Leeds to NFU Mutual Insurance Society for £51.3m, around nine months after buying it for £37.6m.
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EA Shaw recruits duo
EA Shaw has appointed Niall Gallagher, formerly of Farebrother, as head of its investment agency department.
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Capita Symonds completes NB Real Estate purchase (video)
Capita Symonds – part of outsourcing giant Capita – has bought NB Real Estate for £10m, with an additional £10m deferred consideration if certain targets are met.
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Prestbury portfolio sale points to purple patch
USS poised to buy £100m of central London assets, as L&G Property exchanges on £40m portfolio
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North-west banks can ‘pick and choose’
North-west property bankers revealed the new tight terms on which they will work at the North West 2010 Conference organised by Property Week last Thursday
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Manchester police signs up for a further 125,000 sq ft
Greater Manchester Police has signed up for a further 125,000 sq ft at Ask:Goodman’s Central Park scheme in Manchester.
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Regional markets as well as central London will see growth in next two years
Regional office leasing markets outside London will see a recovery as the UK economy improves, but this is likely to be a result of declining supply rather than increasing demand, Jones Lang LaSalle has predicted.
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CBRE Investors buys £37.6m retail portfolio
CB Richard Ellis Investors has bought six high street retail properties for £37.6m from Tony Khalastchi and Flodrive Group.
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Nikal gets tick for £150m Altair scheme in Altrincham
Trafford Borough Council has given the go-ahead to Nikal’s £150m Altair scheme in Altrincham in the north west.
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Ask and Realty Estates drink to first Boddingtons Brewery deal in Manchester
Deansgate Securities, a joint venture between Ask Developments and Realty Estates, has sealed its first deal on the former 7-acre Boddingtons Brewery site in Manchester with a pre-let to Travelodge and forward sale of the investment to Marcus Worthington Properties.
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Paddington’s Two Kingdom Street reaches practical completion
Development Securities, Aviva Investors and Quinlan Private have reached practical completion of Two Kingdom Street in London’s Paddington.
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M1 Real Estate buys London block for £175m
Lebanese investor M1 Real Estate has bought Victoria house in Bloomsbury Square from Irish-based Moritz Group for around £175m.
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Legal & General Property appoints former Prestbury man to manage £750m fund
Legal & General Property has appointed Mark Russell, formerly of Prestbury Investment Holdings, as fund manager for the £750m L&G Managed Pension Fund.
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Good news and bad news from Leeds office market in 2009
The office market in Leeds had mixed fortunes in 2009, seeing the largest occupational deal for five years but also a fall in total take-up compared to the 10-year average.
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Prupim buys Aberdeen development
Prupim has bought the Acergy development in Westhill, Aberdeen from Stewart Milne Developments for £36m in the biggest commercial development sale in Aberdeen for almost two years.
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CBRE has launched a northern development consultancy team
CB Richard Ellis in Leeds has launched a northern development consultancy team.
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Property recovery like ‘bat out of hell’
Property is seeing a turnaround like a “bat out of hell” , but the Midlands market is yet to benefit significantly.