The City tower known as the Cheesegrater is to be built by British Land and Oxford Properties, who have signed contracts to form a joint venture for the development. The 610,000 sq ft building at 122 Leadenhall Street, EC3, has been designed by ... Read more
The strong competition for prime retail property is driving up investors’ interest in good secondary retail assets, says DTZ. Property Week today reports that the firm found institutional investors accounted for 71% of all retail warehouse deals and ... Read more
JP Morgan committed itself to London this morning as it confirmed it would buy the 1m sq ft building in London’s Canary Wharf previously used by Lehman Brothers, in a £495m deal to create its European investment banking headquarters. The bank’s ... Read more
Colliers International is forecasting a total return of 14.7% for All Property in 2010, driven by a 60bp inward yield shift and a return to positive rental growth for the Central London offices sector. But next year it thinks the outlook is somewhat ... Read more
Helical Bar today announced it has exchanged contracts to buy Newmarket Shopping Centre in Suffolk from the administrators for £17.75m, representing an initial yield of around 8%. Tenants include Marks and Spencer, Peacocks, and Argos. Allsops and CB ... Read more
Another indicator in the papers today of the buoyant market for office space in the City of London, with the Telegraph reporting that financial services group Friends Provident is about to take 50,000 sq ft of office space at One New Change, the new ... Read more
Land Securities has announced the start of work on its site at 123 Victoria Street in London SW1 after planning consent was granted last week by Westminster City Council. The 227,000 sq ft office and retail building from the 1970s will be completely ... Read more
The CB Richard Ellis monthly index for November shows that there were large variations between commercial property markets last month, with four of the firm’s seven subsectors in decline while the overall market continued to see positive capital ... Read more
Derwent Holdings has secured permission from council planners for its £200m redevelopment of the Edge Lane retail park in Liverpool, but the project may still go to a public enquiry, reports the Liverpool Daily Post. The company had gained approval ... Read more
Great Portland Estates today confirmed it has bought the eight-storey building at 20 St James’s Street, SW1 for £42.5m from IVG UK Limited. The 55,490 sq ft building was redeveloped in the mid-1980s, the company noted, and is now let to nine tenants ... Read more
