LONDON-The scale of the downturn in Britain's industrial market has been highlighted by new figures which put floorspace availability at over 190 million sf, a 10-year high and on a par with the worst years of the last recession.
LONDON-Retail entrepreneur Terry Green is set to join the pounds 122 million Minerva bid for department store chain Allders, as speculation grows that John Lewis may step in to anchor Minerva's Croydon development.
LONDON-Quoted property company Minerva is planning a pounds 124.5 million ($196.5 million) takeover of department store operator Allders. The retailer is the main anchor tenant for Minerva's planned 1 million-sf Park Place scheme in Croydon, South London.
LONDON-Grosvenor Estates has boosted its development programme to well over pounds 1.3 billion ($2 billion) with the launch of a 230,000-sf office project on the outskirts of Edinburgh.
LONDON-The owners of one of the capital's most prestigious squares have drawn up a master plan for its refurbishment at the cost of pounds one billion ($1.58 billion).
LONDON-Land Securities and Miller Properties are understood to be in the race to buy a portfolio of prime retail parks for pounds 500 million ($790 million)