LONDON-There's been a flurry of European hotel investment deals in recent weeks. Jones Lang LaSalle Hotels alone closed four deals across Europe during December.
LONDON-It's becoming harder and harder to find affordable housing in Britain's prettier villages. The Royal Institution of Chartered Surveyors plans to find a solution to this problem.
LONDON-Hermes has transferred 7.6 acres of land to Arlington at Aztec West, Bristol. It did the deal to enable it to carry out the construction of a 135,000-sf office scheme for mobile telecoms operator Orange.
LONDON-Two companies have signed up for Charles Schwab Europe's space at 401 Grafton Gate East in Milton Keynes, Buckinghamshire, the 'new city' located midway beteen London and Birmingham.
LONDON-Wellingborough, Northamptonshire, is to host a 1.5-million-sf new business park for warehouse, distribution and office / light industrial uses. Pre-marketing has begun and infrastructure work will begin later in 2002.
LONDON-The refurbishment of Quay House in Bath, Somerset, will now move forward following Chase de Vere Investments' commitment to take a 25-year lease.
LONDON-A 1960s office building in Croydon, South London, has gone at a 10%-plus yield. Henderson Global Investors, acting for London Life, disposed of the building on Dingwall Road.
LONDON-The Crown Estate has consolidated its holdings in Windsor, Berkshire with the purchase of the 20,000-sf Chapel House from Hermes Property Asset Management to show an initial yield of 6.85%.
LONDON-In its review of 2001, auctioneer Strettons says the market has improved since the terrorist attacks on the USA. It says that this gives the lie to press reports of falling prices.