LONDON-Business parks specialist Arlington Securities has won outline planning consent to redevelop the former Sanderson wallpaper factory in Uxbridge, North-West London, with a 300,000-sf office campus.
LONDON-Health club operator LA Fitness has agreed the sale and leaseback of four of its new clubs in the Midlands and North-West of England. And it plans more sale and leasebacks to finance its ambitious expansion programme.
LONDON-The office market in the West End of London had a poor year in 2001 with availability rising and prime rents falling, but new research from King Sturge shows that the situation would have been far worse had it not been for a surge in Government property activity, which accounted for 23% of all West End take-up.
STOCKHOLM-London-listed CLS Holdings has made two big purchases in Sweden, adding to its portfolio in the country's two biggest cities, Stockholm and Gothenburg.
LONDON-Reflecting the continued demand among Irish investors for UK property, a consortium of Irish investors has bought a 23,360 sf office building in the City, leased to insurance broker Marsh & McLennan.
LONDON- The Imperial Tobacco Pension Fund is reweighting its portfolio by selling six industrial estates. It plans to reinvest the proceeds in the office and retail sectors.
LONDON-London office workers have the most cramped--or efficient--offices among the world's major business centres, according to DTZ research. The average UK business allocates 120 sf per employee, against 240 sf per employee in Germany.
LONDON-London office workers have the most cramped--or efficient--offices among the world's major business centres, according to DTZ research. The average UK business allocates 120 sf per employee, against 240 sf per employee in Germany.
LONDON- The Imperial Tobacco Pension Fund is reweighting its portfolio by selling six industrial estates. It plans to reinvest the proceeds in the office and retail sectors.
LONDON-Slowing take-up in the key West End market is putting rents under pressure according to Lambert Smith Hampton. Prime rents have already fallen by 10% and further falls are expected as businesses shed space.