There are press reports of two large deals on office space in the City of London today. The Telegraph reports that private equity firm Carlyle is to put landmark City building Alban Gate on the market, only months after buying it with some other ... Read more
Another large property transaction today following a loan default – this time in Leeds, where West Riding House, a landmark offices and retail building, is understood by Property Week to have been put under offer by Moorfield for £48m. The tower, ... Read more
Another shopping-centre deal was announced today – NewRiver Retail has bought a portfolio of five shopping malls for £53m from the CPI Retail Active Management (CReAM) fund. The centres are in Bramley in Leeds, Burgess Hill in West Sussex, Erdington ... Read more
Pricing of commercial properties for investment is most likely to move sideways in the next few months, concludes Cushman & Wakefield in its fourth-quarter UK UK Marketbeat report. Investment transaction volumes in Q3 were their best since 2007 ... Read more
London still offers attractive investment opportunities, with City office space and West End offices classed as HOT under DTZ’s Fair Value Index for the third quarter. These are the only two HOT UK office markets, according to the firm’s ... Read more
Commercial property investment company London & Stamford is still in cautious mood when it comes to spending its £1bn of “firepower”, the firm said yesterday. Reporting a rise in NAV per share to 121p as of 1 October, compared with 104p a year ... Read more
Capital Shopping Centres has confirmed that it is in advanced talks with Peel Group about buying the Trafford Centre near Manchester. If the deal is agreed, it would imply a £1.6bn purchase price for the shopping centre, which has 1.9m sq ft of ... Read more
Communities Secretary Eric Pickles has approved planning for Tithebarn, the Lend Lease mixed-use scheme in Preston. The £700m retail-led scheme had caused controversy and attracted opposition from competing towns in the area, but Mr Pickles endorsed ... Read more
Property consultancy H2SO says more than 4m sq ft of office space in the West End of London were converted for other uses between 2001 and 2009. This trend is unlikely to vanish in the medium term, it says, as there are further planning permissions ... Read more
Derwent London today echoed recent comments from British Land when it said that buying opportunities had risen marginally since the summer, and it expected this trend to continue “as certain banks become more active in reducing their property ... Read more
