Publication: CoStar Uk

First reported 21 hours ago - Updated 4 hours ago - 1 reports

TIAA Henderson fund extension

TIAA Henderson Real Estate has secured a six-year extension for its circa £1.1bn flagship UK Retail Warehouse Fund. The original Fund, which was due to expire in December 2015, will now run until December 2021.All 70 unit holders, comprising UK and European ... [Published CoStar Uk - 21 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Shortlist for Unilever campus

A shortlist of big hitters has been drawn up to buy a major redevelopment opportunity in Slough from Unilever - the former Sara Lee campus - CoStar News understands. The site comprises 12.23 acres at 225 Bath Road in Slough with existing industrial buildings ... [Published CoStar Uk - 16 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

IPF’s Zombie bank paper

UK property lenders are not out of the woods yet with still more than £59bn of high loan-to-value (LTV) legacy loans set to take up to four years to work through based on the recent pace of loan portfolio sales, new estimates show. The IPF published yesterday ... [Published CoStar Uk - 16 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Brockton lodges Midtown offices

Brockton Capital has lodged its plans to redevelop one of the key development sites in London’s Midtown with circa 350,000 sq ft of offices as well as shops and homes. Brockton bought the site, the former Royal Mail depot on New Oxford Street, in March ... [Published CoStar Uk - 16 hours ago]
First reported 16 hours ago - Updated 16 hours ago - 1 reports

Rupert Barron leaves Colliers

Well known Manchester office agent Rupert Barron has left Colliers International. Colliers said Barron, a director in its Manchester office team, had reached a mutual agreement with the agent to leave.Barron joined Colliers from DTZ in 2008. He became ... [Published CoStar Uk - 16 hours ago]
First reported 22 hours ago - Updated 16 hours ago - 1 reports

St. Modwen gains in all areas

St. Modwen Properties said all areas of its business are making "excellent progress, supported by tangible growth in regional markets across the UK" this morning in a notably upbeat trading update. As a result, the listed developer said management expectations ... [Published CoStar Uk - 22 hours ago]
First reported 22 hours ago - Updated 17 hours ago - 1 reports

Roubaix buys Lancaster mall

Roubaix Group, the niche property investment business newly-founded by Chris Beckerman, has bought the freehold of Market Gate Shopping Centre, Lancaster from a private owner for approximately £22m. The deal was completed in an off market transaction ... [Published CoStar Uk - 22 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Column: Business rates confusion

Last week saw press releases flying around welcoming Labour’s plan to cut business rates after it was widely reported leader Ed Miliband was to announce a 1% cut in business rates if the Party returned to power. But the reality is nothing new was announced, ... [Published CoStar Uk - 19 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Topland buys Balham resi block

Topland has acquired a block of 16 apartments in Balham in London for £8m. The residential block on Balham Park Road, let on assured shorthold tenancies, was bought from a private investor.Topland managing director Mark Kingston said: “This acquisition ... [Published CoStar Uk - 19 hours ago]
First reported 23 hours ago - Updated 19 hours ago - 1 reports

LondonMetric buys Dixons hub

LondonMetric Property has exchanged on the off-market acquisition of the Dixons Retail distribution centre in Newark for £68.5m, reflecting a net initial yield of 6.4%. The acquisition is from a private investor and will be funded from the company’s existing ... [Published CoStar Uk - 23 hours ago]
First reported 23 hours ago - Updated 19 hours ago - 1 reports

Helical secures Shoreditch profit

Helical Bar has forward sold its 99 Clifton Street office development in Shoreditch, London EC2, to UBS Triton Property Fund for £38.25m, securing a circa £16.5m profit (after costs) in 11 months. In November 2013, Helical Bar agreed to buy the new 43,000 ... [Published CoStar Uk - 23 hours ago]
First reported 19 hours ago - Updated 19 hours ago - 1 reports

Take-up bounces back in South East

Take-up across the South East office market witnessed a significant increase in Q3 2014, reaching 716,000 sq ft, according to Strutt & Parker. The figure for the South East - which Strutts defines as the Western Corridor and the north and south M25 markets ... [Published CoStar Uk - 19 hours ago]
Entities: Ed Smith, Witness

Quotes

"Deals that are completing on Grade A buildings in strong locations are achieving headline rents and incentives are moving in to pre-recession levels. Our findings suggest that if all of the space that is currently under offer completes by the end of Q4 the total take-up for 2014 will reach at least 2.8m sq ft. Whilst this means that 2014 will not replicate the heady heights seen in 2013, it is in-keeping with the five year average and will instil further confidence in South East locations where new developments and refurbishments are being considered.”"
"We are also experiencing growing appetite for commercial investment opportunities. Since the half year, we have agreed the sale of £38m of assets to a broad investor base, with all transactions being above the May 2014 book value. In line with the Company’s business model, we intend to reinvest the funds generated from these sales to progress active asset management initiatives and to acquire new properties to add to our land bank."
Duncan Walker, Investment Director at Helical Bar, said: "The Shoreditch office market is benefitting from strong occupational and investment demand, as demonstrated by this successful transaction which de-risks Helical's involvement. We anticipate crystallising a significant profit upon practical completion of the building and do not need to commit any further funds to this project. We still have substantial exposure to this market, in which we strongly believe, with The Bower in Old Street and C-Space (Maple House)."
David Pollock, retail development director for British Land, said: "Plymouth has a very strong local catchment, and a vibrant and successful city centre, which will be further enhanced by our investment."

More Content

All (316) | News (316) | Reports (0) | Blogs (0) | Audio/Video (0) | Fact Sheets (0) | Press Releases (0)
sort by: Date | Relevance
Shortlist for Unilever campus [Published CoStar Uk - 16 hours ago]
Rupert Barron leaves Colliers [Published CoStar Uk - 16 hours ago]
IPF’s Zombie bank paper [Published CoStar Uk - 16 hours ago]
Brockton lodges Midtown offices [Published CoStar Uk - 16 hours ago]
Column: Business rates confusion [Published CoStar Uk - 19 hours ago]
Topland buys Balham resi block [Published CoStar Uk - 19 hours ago]
Take-up bounces back in South East [Published CoStar Uk - 19 hours ago]
TIAA Henderson fund extension [Published CoStar Uk - 21 hours ago]
Roubaix buys Lancaster mall [Published CoStar Uk - 22 hours ago]
St. Modwen gains in all areas [Published CoStar Uk - 22 hours ago]
LondonMetric buys Dixons hub [Published CoStar Uk - 23 hours ago]
Helical secures Shoreditch profit [Published CoStar Uk - 23 hours ago]
Canary sells Northern Trust HQ [Published CoStar Uk - 23 hours ago]
Lunsons adds to leisure team [Published CoStar Uk - Sep 30 2014]
Allsop hires three to City office [Published CoStar Uk - Sep 30 2014]
Farebrother hires head of retail [Published CoStar Uk - Sep 30 2014]
Stratford £750m debt deal out [Published CoStar Uk - Sep 30 2014]
HB Reavis rebrands City scheme [Published CoStar Uk - Sep 30 2014]
Toy Store takes Oxford St flagship [Published CoStar Uk - Sep 30 2014]
Colliers recruits LSH's Whatmuff [Published CoStar Uk - Sep 30 2014]
High Court rules against Colliers [Published CoStar Uk - Sep 30 2014]
Deutsche AMW buys Glasgow HQ [Published CoStar Uk - Sep 30 2014]
BL makes double London hire [Published CoStar Uk - Sep 30 2014]
LSH hires Scotland director [Published CoStar Uk - Sep 30 2014]
DB prices €250m DECO Tulip [Published CoStar Uk - Sep 30 2014]
EHD London signs 10-year lease [Published CoStar Uk - Sep 30 2014]
Rockspring buys €42m retail park [Published CoStar Uk - Sep 30 2014]
BL to develop Drake Circus [Published CoStar Uk - Sep 30 2014]
Banks’ CRE portfolios must change [Published CoStar Uk - Sep 30 2014]
Rents drives West End offices [Published CoStar Uk - Sep 30 2014]
1 2 3 4 5 6 7 8 9 10 ...
In Focus
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
  •  
Content Volume
Document Volume
Network
Network
Contact Us
Sales
Support


Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.