Offices, business parks & science parks – Page 7
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NewsM7 completes North West office lease renewals
M7 Real Estate has completed a series of lease renewals on 96,600 sq ft of regional office space on behalf of its M7 Real Estate Investment Partners III (M7 REIP III) fund in the North West
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OnlineReading’s Station Hill development gets go-ahead
The £750m Station Hill development next to Reading station has received planning approval.
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OnlineHUB and Bridges acquire two Leeds sites for £12m
Developer HUB Group and impact investor Bridges Fund Management have acquired two sites in Leeds for £12m.
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OnlineSirius completes £23.3m of German business park deals
Sirius Real Estate, the German business park group, has completed three deals worth €26m (£23.3m) for assets across three cities.
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OnlineDerwent exchanges contracts for £170m London retail and office complex
Derwent has exchanged contracts to sell its 192,700 sq ft freehold interest in Johnson Building, 77 Hatton Garden and 5-7 Cross Street EC1 to Eurazeo Patrimoine.
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OnlineProperty management platform Arthur sees 27% increase in onboarding
Cloud-based property management platform Arthur has seen a 27% increase in onboarding users compared to last year.
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OnlineArlington expands At Oxford Business Park
Arlington has continued to consolidate its ownership at Oxford Business Park by acquiring Spires House, a 49,421 sq ft multi-let office building from Harbert European Real Estate.
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OnlineHarworth buys Merseyside business park for £26m
Harworth Group has paid £26m for Saturn Business Park in Knowsley, Merseyside in an off-market deal.
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OnlineHelical exchanges contracts on Manchester’s Powerhouse Portfolio
Helical has exchanged contracts on The Powerhouse Portfolio to sell to real estate funds Alternative Advisors SA and XLB Property.
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OnlineGeorge Osborne criticised for putting “image over cost” in search for security centre
Former chancellor George Osborne and senior GCHQ officials have been criticised for putting “image over cost” when securing the headquarters for the National Cyber Security Centre.
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NewsBP sells 1 St James Square for £250m in sale-and-leaseback deal
BP has sold its London headquarters at 1 St James Square in a sale-and-leaseback deal.
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OnlineFlexible occupancy rates drop less than expected
Just under a third of flexible workspace providers reported that occupancy rates have fallen by around 10% during the lockdown, according to data from the Instant Group.
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OnlineIWG tells of optimism despite Q3 revenue drop
Flexible workspace firm IWG has said it is optimistic about the office sector, despite seeing revenue for the third quarter drop from £680.3m in 2019 to £583.3m this year.
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OnlineKnight Frank posts slight drop in pre-tax profit for the year to 30 March
Knight Frank posted a slight drop in pre-tax profit for the year-end 30 March 2020.
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OnlineGeneral Projects launches SME workspace in London’s Royal Docks
General Projects has launched Expressway, a small and medium enterprise workspace and light industrial hub in the Royal Docks area.
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OnlineHines appoints WeWork executive Ronen Journo as European head of operations
International real estate firm Hines has appointed WeWork executive Ronen Journo as European head of operations and senior managing director.
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OnlineQ3 commercial rent collections reach 77% on day 21, according to research
Q3 commercial rent collections have reached 77% at the 21-day point, according to research from Cushman Wakefield.
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NewsCambridge Science Park set to add MathWorks as tenant
US software company under offer for 93,000 sq ft as Cambridge bucks slowdown caused by Covid-19
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OnlineSirius produces upbeat half-year update
German business park group Sirius Real Estate has told investors it collected 97.2% of rent in the six months to the end of September.
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NewsPure Offices takes 30,000 sq ft at Edinburgh Park
Office centre provider Pure Offices has taken 33,000 sq ft at a newly refurbished space in Edinburgh Park.
