LONDON-Warner Estate has bought a pounds 166 million ($260 million) portfolio of distribution warehouses from Morley Fund Management. It plans to use it as the core of a new industrial property fund, to complement its existing retail and office funds.
LONDON-The portfolio of distribution warehouses come from Morley Fund Management. Warner plans to use it as the core of a new industrial property fund, to complement its existing retail and office funds.
LONDON-A 15-year strategy for the regeneration of Belfast has gone out for public consultation. Drawn up by GVA Grimley, the plan looks to use retail development as a catalyst for economic an dphysical regeneration.
LONDON-Pharmaceuticals giant Roche has lodged a planning application to create a new 240,000-sf UK headquarters one mile north of its existing facility in Welwyn Garden City, Hertfordshire.
LONDON-Canary Wharf has backtracked on earlier denials that founder Paul Reichmann is in talks to take the company private. Apparently at the insistence of the Takeover Panel it has now confirmed that Reichmann is discussing a role with potential bidders for the group.
LONDON-The Charities Property Fund has paid pounds 7.95 million ($12.5 million) for the 162,750-sf Whetstone Business Park on Cambridge Road in Leicester.
LONDON-Canary Wharf has backtracked on earlier denials that founder Paul Reichmann is in talks to take the company private. Apparently at the insistence of the Takeover Panel it has now confirmed that Reichmann is discussing a role with potential bidders for the group.
LONDON-The Kuwaiti Al Manar fund has bought four distribution properties from Hermes as part of a drive to build up a pounds 250 million ($400 million) portfolio of office and industrial properties in the UK.
LONDON-Property consultant Gerald Eve has upped its forecast for returns on investment in commercial property during 2003 to 7.9 % from 6.5% at the beginning of the year.
LONDON-Barnsley Miller Partnership has forward-funded a 67,000-sf distribution warehouse in the Dearne Valley Enterprise Zone in South Yorkshire through RVB Investments for pounds 4 million ($6.4 million).