Google is about to do one of the largest occupational deals ever seen in London by buying a £550m new office property in London, according to reports today. The Telegraph says the internet giant is to acquire a 999-year lease on Block A at the Kings ... Read more
Knight Frank this week reported 8% growth in group turnover for the year to 31 March 2012, to £333.9m, and a fall in pre-tax profit to £95.9m from £101.9m the previous year. The company said its international links had boosted its results and said it ... Read more
Hammerson has continued its strategy of focusing on retail assets with the sale of the office property in London at 10 Gresham Street, EC2 for a total of £200m to Malaysia’s state pension fund, representing an initial yield of 5.25%. The building ... Read more
St Modwen Properties is now focusing on development profits for 2013 and beyond, after making progress on its current commercial land and development projects to the point where its pipeline is secure for 2012 “and expected to deliver profits ahead ... Read more
GVA’s national markets team in Edinburgh has announced that NHS Education for Scotland has agreed a new 10-year lease deal on part of the Westport 102 office property in Edinburgh. The 36,946 sq ft of office space in Edinburgh comprises the first, ... Read more
British Land announced today that it has sold the Beehive Centre for £109.2m to Orchard Street Investment Management. The 238,000 sq ft part open consented retail property in Cambridge comprises 16 units with an Asda food store as the anchor store. ... Read more
The latest Drivers Jonas Deloitte UK Cities Crane Survey for 2012 shows that activity levels remain low across all UK property sectors. The survey, which monitors development levels of property in Manchester, Leeds, Birmingham, Glasgow and Edinburgh, ... Read more
At last week’s World Retail Congress, Sir Philip Green said there were too many retail outlets chasing too few shoppers, with the number of customers remaining flat since the financial crisis. “It’s a competitive market place with too many shops,” he ... Read more
British Land has sold seven food stores for a total of £118m, of which its share is £62m, to institutional investors at net initial yields of between 4.95% and 5.7%, in line with March valuations. The company, which was represented by Morgan ... Read more
NewRiver Retail last week announced it had received detailed planning approval for the major redevelopment of its Forum Shopping Centre in Wallsend. The 91,000 sq ft retail property near Newcastle will be modernised and extended to include ... Read more
