EDINBURGH-Friends Ivory & Sime Property Asset Management has sold the 130,000-sf Craigleith retail centre to the Henderson UK Retail Warehouse Fund to show a yield thought to be close to 5.75%.
LONDON-Borders Books & Music has opened a new 50,000-sf distribution facility at St Columb Major in Cornwall to allow it to expand its UK chain from the current 12 stores. Five new store openings are planned for 2002.
LONDON-New figures from researchers Property Data highlight the downturn in institutional property investment during 2001. But private and overseas investors more than plugged the gap.
LONDON-Distribution group Tibbett & Britten has agreed sale & leaseback deals with private property investors on two large distribution depots in Manchester and Glasgow
GLASGOW-Plans have been unveiled for Scotland's biggest-ever shopping park. Pillar Property and Capital & Regional plan to develop the 475,000-sf Glasgow Fort scheme as a joint venture.
LONDON-New figures from researchers Property Data highlight the downturn in institutional property investment during 2001. But private and overseas investors more than plugged the gap.
LONDON-New research from Insignia Richard Ellis paints a bleak picture for the central London office markets, with take up falling by 19% and availability rising by 25%. The slump is set to continue.
LONDON-New research from Insignia Richard Ellis paints a bleak picture for the central London office markets, with take-up falling by 19% and availability rising by 25%. And the slump is set to continue.
LONDON-Surrey County Council has acquired AXA Real Estate Investment Management's 23,700-sf Opus 1 office development in Kingston Road, Leatherhead, Surrey, in its second major acquisition in the town in two years.