LONDON-Equiton, the limited partnership between Brixton, Equitable Life and the Prudential has raised new finance from HSBC; Lloyds TSB Bank and Royal Bank of Scotland to fund new acquisitions in the industrial sector.
LONDON-Listed property consultancy Chesterton International has hired Lorraine Baldry, formerly of Morgan Stanley, Regus and Prudential, as Chief Executive.
LONDON-Crest Nicholson Properties has been granted detailed planning permission for an 80,000-sf retail and leisure development in Scarborough, North Yorkshire.
LONDON-The UK commercial property consultant Nelson Bakewell has formed a joint venture with New York-based Newmark to handle transatlantic investment or corporate real estate business.
LONDON-Hammerson and Barclays Bank's 800,000-sf West Quay shopping centre in Southampton, Hampshire, won the top award at this year's BCSC Awards for the best new development of the past year.
LONDON-A series of deals has seen the Hercules Unit Trust become the UK's biggest owner of retail parks with a $2 Billion portfolio. The fund now includes Fosse Park in Leicester, the country's highest-rented retail park.
LONDON-Outlet mall specialist Freeport has unveiled plans for a 110,000-sf extension to its 180,000-sf outlet village at Braintree in Essex. The new leisure-led phase will include a cinema, health club and family entertainment centre.
LONDON-Developer Grange Estates has been granted detailed planning consent for a major new development on Prince's Way in the centre of Bradford, West Yorkshire to include bars, a night club, restaurant, casino and an 86-bedroom hotel.
LONDON-The Equiton Industrial Partnership, the limited partnership set up between Brixton, Equitable Life and Prudential Assurance has bought its 22nd estate, the 89,000-sf Mount Works Industrial Estate in Mount Road, Hanworth, West London.
LONDON-Office rents in the Golden Triangle, west of London, will have fallen 20% by the end of this year, according to Rogers Chapman. The firm says landlords are disguising the reductions with generous incentives.