All articles by Nick Johnstone – Page 15
-
Online
LondonMetric buys JP Morgan portfolio
LondonMetric Property has bought a pair of retail warehouses in Cardiff and Milton Keynes from clients of JP Morgan Asset Management for £25.8m, reflecting a combined net initial yield of 8%.
-
Online
Energy firm signs £120/sq ft Mayfair lease
Noble Corporation, one of the world’s largest offshore drilling contractors, has signed a £120/sq ft lease on Devonshire House in Mayfair in one of six lettings at the building, totalling 32,000 sq ft.
-
Online
Legal & General signs 31,500 sq ft Agar Street letting
Law firm Davenport Lyons has announced that after 23 years of being located in 30 Old Burlington Street in London’s Mayfair, it is moving to Legal General’s 6 Agar Street.
-
Online
Helical secures 22,000 sq ft letting at 200 Aldersgate
Citizens Advice will move its London office from Pentonville Road to 22,000 sq ft of space at 200 Aldersgate from February 2014.
-
Online
“Smithfield Quarter” clears crucial City planning hurdle
The City of London’s planning committee has resolved to grant planning permission for the Smithfield Quarter, Henderson Global investors’ £160m mixed-use scheme in Farringdon.
-
Online
Lone Star’s biggest Eurohypo loans
Wells Fargo’s purchase of the £4bn Eurohypo loan book includes £1.3bn of non-performing loans that will be managed by Lone Star.
-
Online
Stanhope and Mitsui exchange contracts on £65m City buy
Mitsui Fudosan UK and Stanhope have today completed the purchase of One Angel Court in the City of London, and are expected to unlock development of a scheme that could be worth as much as £300m.
-
Online
Starwood and M7 tie up for £100m industrial push
An affiliate of Starwood Capital Group and M7 Real Estate have launched a joint venture to invest in the UK multi-let light industrial market, starting with 13 estates with a total value of £25m.
-
Online
Benson Elliot recruits former Canary Wharf chief as strategic adviser
Benson Elliot, the UK-based private equity real estate fund manager, has appointed Lord Levene of Portsoken to its board of strategic advisers.
-
Online
Four-star hotel planned next to Olympic park
Starboard Atlantic Hotels has bought a 275,000 sq ft hotel site at The International Quarter in the Olympic Park in Stratford, east London.
-
Online
Cap & Reg sells £153m of property
Capital & Regional’s Mall Fund has sold two shopping centres “at a modest discount” to book value for a combined total of £152.5m, in a pair of deals originally tipped by Property Week.
-
Online
Internos raises €230m hotel fund
Internos Global Investors, the €2.1bn fund manager, has today announced the second closing of its planned €230m Internos Hotel Real Estate Fund.
-
Online
Cap & Reg sells £153m of property ahead of refinancing plan
Capital & Regional’s Mall Fund has sold two shopping centres “at a modest discount” to book value for a combined total of £152.5m, in a pair of deals originally tipped by Property Week.
-
Online
LondonMetric buys pair of distribution warehouses for £61.8m
LondonMetric Property exchanged contracts to buy distribution sheds in Bedford and Birmingham for £61.8m, reflecting a yield of 7.2%, as part of its increasing move into the world of retail distribution.
-
Online
Space under offer at Terrace Hill’s Victoria scheme
Giorgio Armani is planning a move into offices at Terrace Hill and Doughty Hanson’s Howick Place scheme in London’s Victoria.
-
Online
News Corp signs up to occupy “Baby Shard”
News Corporation has today signed to take a lease on most of the Baby Shard, ahead of a relocation for its News International division from Land Securities’ and Cadillac Fairview’s Thomas More Square.
-
Online
Agents hired to sell £11m Conduit Street block
Agents have been appointed to sell a “virtual freehold” on Conduit Street for offers exceeding £10.8m.
-
Online
DTZ’s West End team recruits Montagu Evans director
DTZ has hired James Pargeter as a director in its West End investment team.
-
Markets
Co-op pays price for overlooking local heroes
Large-scale mixed-use development is a tough gig, and one that demands everything from financial nous to planning knowhow and place-making skills. It even means building homes that real people will live in one day.
-
Markets
Airport City owner tries to square circling bidders
Manchester airport’s owners are in negotiations to bring together a pair of bids from two consortia — one of them backed by the State Bank of China — that want to develop the £650m Airport City scheme on the land surrounding it.