UK Commercial Property Trust, the real estate trust advised by Standard Life Investments, has received shareholder approval for its REIT conversion
IWG, the world’s largest serviced office provider by footprint, has rejected a fresh takeover approach by US real estate investor Prime Opportunities.
The largest technology firms are among the most influential organisations in the world, and they bring huge benefits to the local economies where they operate. Recently, though, they have had their share of bad press. Would Google, Amazon, Apple or Facebook still be welcome in your town?
Propco chief executives have been calling the market this week as they reflect on full-year and half-year results. EG rounds up the results and market sentiment
The property industry’s regulator, the Royal Institution of Chartered Surveyors, has stated that it must not be confused with a “members’ club or trade body”
Flexible workspace provider reveals its expansion plans and explains the philosophy that enables it to charge a premium for its services.
Helical sold £328m of investment properties in the year to the end of March as it completed its transformation to an office-focused propco, exiting logistics, retail and retirement villages
Stephen Barter is leaving the business to pursue a portfolio career.
Israeli investor Harel Insurance has instructed agents to sell the 200,000 sq ft City office building Ibex House, EC3.
The Conygar Investment Company has abandoned plans for a £40m retail park in Conwy, Wales, citing the “difficult” outlook for retailers
GVA has completed the acquisition of Manchester-based How Planning, which it will merge into its existing planning, development and regeneration team.
Universities Superannuation Scheme and Places for People have entered into a £330m joint venture agreement to invest in the UK private rented sector. USS will provide the core funding for the partnership. PfP Capital will act as asset manager, with Touchstone, its specialist property management business, managing the portfolio on a day-to-day basis. PfP Capital […]
Four former Eastdil hospitality advisers, Adam Etra, Mark Schoenholtz, Lawrence Wolfe and Miles Spencer, have all been appointed managing directors at Knight Frank.
International investment firm BC Partners has launched a new pan-European real estate platform
The British Property Federation has condemned fashion retailer Next for demanding a “CVA clause” when renegotiating leases, meaning its rent would fall by a similar amount if a neighbouring tenant achieves a rent reduction through a company voluntary agreement.
Investec Structured Property Finance has provided Teddy Sagi’s LabTech Group with a £72m loan to fund the development of a major 140,000 sq ft mixed-use scheme in King’s Cross, NW1
IWG’s Spaces, the self-branded “creative workspace provider”, has announced six new London locations totalling almost 180,000 sq ft.
LXI REIT, which focuses on long-term income, has announced its first full-year results since listing on the London Stock Exchange in February 2017.
M&G Real Estate has completed the acquisition of a £94m UK logistics portfolio from Mountpark Logistics EU, a leading developer of industrial and logistics property
REM, on behalf of the owners of Park House, has confirmed that London Executive Offices, the serviced office provider, has agreed to take 31,949 sq ft of space at Park House, W1, bringing the building to full occupation.
McKay Securities has said it is noticing a widening price gap between prime and secondary assets in the London and South East industrial and office sectors which “should present value add opportunities”
NewRiver REIT has confirmed it is in exclusive talks to buy Hawthorn Leisure Holdings, which owns about 300 community pubs across England and Scotland.
Sherin Aminossehe is relishing her new role at Lendlease as the company embarks on a series of high-profile – and controversial – schemes in the capital. She talks to EG
Cushman & Wakefield’s head of West End leasing, Craig Norton, is leaving the business to join Edward Charles & Partners as an equity partner
Google has completed a deal to buy Dublin’s Bolands Quay, a €170m (£150m) development project, from NAMA appointed receiver Savills Ireland.
The Chinese government had been negotiating a deal to buy the former home of the Royal Mint for a new fortress-style embassy, educational and cultural hub.
Lord Sugar’s property firm Amsprop has agreed a £43m deal to sell The Crosspoint, EC2, to The Carlyle Group for its flexible office business Uncommon
IWG has agreed to let all of the offices at LS Estates’ 30 Moorgate, EC2, for its Spaces serviced office brand
Grosvenor Europe has appointed agents to sell a strip of retail assets at 42-60 Kensington High Street, W8, for more than £53.8m – a net initial yield of 3.75%
Mayor of London Sadiq Khan has announced new funding to help get 10,000 council homes built over the next four years
Almacantar has appointed agents to sell its WeWork-let office in Soho at 125 Shaftesbury Avenue, WC2.
Goldman Sachs is seeking bids of £1.3bn for the sale and leaseback of its new London headquarters.
Colliers International has appointed former Farebrother & Union Street Partners agent Tim Cooney to its City offices team.
IWG, the world’s largest serviced office provider has said that Lone Star, TDR Capital, and Starwood Capital have separately made indicative takeover approaches for the firm
JLL has appointed a former consultant at architecture firm HOK as its new UK head of workplace
Investec Structured Property Finance has provided Floreat with a £19.3m loan to support its acquisition of an office building at The Old Vinyl Factory in West London
M7 Real Estate has bought an 87,000 sq ft Liverpool office building from Downing for £8.1m – a net initial yield of 13.5%
A Korean consortium has exchanged contracts to buy 20 Old Bailey, EC4, from Blackstone, for around £340m
Landsec has dropped into the red, posting a £251m loss and a 1% drop in its adjusted diluted NAV, which fell to 1,403p a share in the year ended 31 March 2018
The infrastructure specialist will assume the non-executive role at the conclusion Landsec’s AGM on 12 July when Carnwath retires after 14 years on the board, and nine years as chairman.
Colliers International has agreed a $450m (£331m) deal to buy a 75% stake in Harrison Street Real Estate Capital, one of the largest real estate investment firms dedicated to the education, healthcare and storage sectors with around $14.6bn under management.
Lambert Smith Hampton has announced a new joint venture with Alpha Property Finance to grow its property finance offering to include specialist investment and development finance
Iris has agreed terms to occupy circa 33,580 sq ft at 10 Queen Street Place, EC4.
Henley is leading a consortium of real estate investment management groups in providing the financial backing to launch the International Property Securities Exchange
The iPhone maker announced the decision ahead of a supreme court hearing in Dublin on Thursday, when it was due to hear an appeal to overturn the approval of the first phase of the $1bn (£740m) data facility in Athenry, Co Galway.
Derwent London has reported “good” occupier demand for its central London portfolio in the first quarter, as office values remain firm
JSE and Luxembourg-listed MAS Real Estate has acquired two Bank of Scotland-let office buildings in Edinburgh for £71m – the largest office investment deal in the city so far this year.
Helical is to let 15,994 sq ft at One Creechurch Place, EC3, to Coverys Management Agent
Inland Homes has appointed managing director Gary John Skinner to the board of directors with immediate effect
British Land has agreed to sell the third-party portfolio of its management company, Broadgate Estates, to Savills, as it focuses on strengthening its own assets and brand.