As the market waits for Saint George Participations (SGP) to make an offer for the remainder of DTZ that it does not already own, a report in today’s Telegraph appears to be cranking up the pressure on the French group to act, with talk of Australian ... Read more
Jones Lang LaSalle says industrial occupiers across the EMEA region are continuing to grow in confidence, which is starting to lead to new flows of corporate investment. The firm says occupiers are still mainly focused on space upgrades and network ... Read more
British Land has bought Grenfell Island, a mixed offices and leisure development in Maidenhead, for £74m. The 198,000 sq ft scheme includes 113,000 sq ft of office space let to Hutchison Telecom as its UK headquarters, and a 10-screen Odeon cinema ... Read more
Minerva has agreed to a takeover by Jamie Ritblat’s Delancy and US company Area Property Partners, reports The Times today. The buyers are paying 120.5p per share in a deal that values Minerva at £202.6m. The paper notes that Delancy and Area ... Read more
Work on a distinctive City of London offices tower is about to restart after the owners of the property agreed fresh financing for the project, says the Financial Times today. The 64-storey Pinnacle tower on Bishopsgate, nicknamed the Helter Skelter, ... Read more
Listed REIT New River Retail informed the London Stock Exchange this morning that it has agreed to buy a portfolio of four UK shopping centres from Zurich Assurance for £68m, which it says “represents an attractive net initial yield of 8.0%”. ... Read more
The word ‘expansion’ has resurfaced among corporate occupiers, says Jones Lang LaSalle, and activity is primed to increase across EMEA property markets. Vincent Lottefier, head of JLL’s corporate solutions EMEA team, says corporate cash balances are ... Read more
Why are prime yields so stable? Savills examines this question in its latest commercial property market overview, noting that the average prime yield across all sectors and locations remained at 5.64% this month. Have investors started to believe ... Read more
Capital & Counties today announced that its EC Properties unit is submitting planning applications for the vast £8bn redevelopment site at Earl's Court in London. The submissions for the Earls Court and West Kensington Opportunity Area, as it is ... Read more
The performance of Central London’s various submarkets for office space was varied in May, says CBRE in its latest monthly overview. While transactions jumped 24% year-on-year to 777,900 sq ft, there were falls in the City and South Bank but large ... Read more
