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
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
