LONDON-Availability of Central London offices rose for the third consecutive quarter during the three months to September 2001, according to CB Hillier Parker. The Central London vacancy rate now stands at 4.1%.
EDINBURGH-The 295,000-sf Cameron Toll shopping centre south of Edinburgh city centre has been bought be a newly-formed limited partnership fronted by Portfolio Holdings and New York-based Apollo Real Estate Advisors.
LONDON-Investor interest is on the increase in the central European markets of Poland, Hungary and the Czech Republic. At a recent Jones Lang LaSalle conference a majority said they would now consider investing in the region.
LONDON-Developer Land Securities has been granted planning permission for the refurbishment and remodeling of the landmark Empress State Building in Earls Court, West London
LONDON-A joint venture between GE Capital Real Estate and Opus Land has spent $27 million on an office property in Bristol and an industrial investment in Walsall, West Midlands.
LONDON-The office vacancy rate in Europe's top 13 office centres has risen for the first time since 1994 according to the latest report from DTZ Research. By the middle of 2001 voids had reached 3.7% against 3.3% at the beginning of the year.
LONDON-Office availability in central London grew by 50% in the third quarter of 2001, according to Healey & Baker's latest market survey. The vacancy rate rose to 4.1% from the previous quarter's 2.7%.
LONDON-Office availability in central London grew by 50% in the third quarter of 2001, according to Healey & Baker's latest market survey. The vacancy rate rose to 4.1% from the previous quarter's 2.7%.
LONDON-Westchester Property Holdings, the specialist out-of-town retail fund set up by property investor Grantchester and ex-retailer Tom Hunter has bought its first three properties and secured loan finance to buy more.
BELFAST-A subsidiary of Allstate Insurance has set a new record rent for Belfast in taking 70,000 sf at Nine Lanyon Place, in the city's biggest office letting of the year.