LONDON-Consultancy group Atkins has signed one of the biggest lettings of the year in the West End, taking 91,700 sf over nine floors in the Euston Tower. The deal is part of a strategy to consolidate the group's disparate offices under one roof.
LONDON-Murray International Holdings has paid Henderson Global Investors Pounds 14 million ($22 million) to buy back five Edinburgh industrial buildings that it sold and leased back in 1999.
LONDON-Donaldsons and GVA Grimley have agreed a provisional merger date of 1 October 2002. If the deal goes ahead it will create one of the UK's biggest brokerages with 1,500 staff and annual fee income of Pounds 100 million ($160 million).
LONDON-Ten new investors have bought into the Lend Lease Retail Partnership, the UK's biggest limited partnership that owns the Touchwood shopping centre in Solihull, West Midlands and a 25% stake in Bluewater, Kent.
LONDON-Liverpool City Council has approved the revised masterplan for the Princes Dock waterfront redevelopment site. The new plan includes one million sf of offices plus hotels, retail, leisure and housing development.
LONDON-The level of industrial vacancies in the UK has risen to its highest level in seven years, according to the latest survey from King Sturge. Industrial voids rose 15.4% in the year to April 2002.
LONDON-The level of industrial vacancies in the UK has risen to its highest level in seven years, according to the latest survey from King Sturge. Industrial voids rose 15.4% in the year to April 2002.
LONDON-East London's biggest speculative warehouse scheme has achieved its first letting. A 36,000-sf unit on the Electra scheme in Canning Town, London E16, has been let at Pounds 8 ($12) per sf.
LONDON-The mismatch between the investment and occupational markets in central London is continuing, according to new research from Jones Lang LaSalle, with investment activity remaining buoyant despite a lack of occupier demand.
LONDON-The mismatch between the investment and occupational markets in central London is continuing, according to new research from Jones Lang LaSalle, with investment activity remaining buoyant despite a lack of occupier demand.