LONDON-Abacus Developments has sold the St Andrew's Retail park in Birmingham to clients of Legal & General. The scheme is anchored by Big W and a Morrison's foodstore.
LONDON-A new report from the London School of Economics has thrown its weight behind the campaign for more tall buildings in London. To accommodate expected growth, the UK capital may need another seven Canary Wharf-size developments over the next 25 years, the LSE found.
LONDON-The Immigration and Nationality Directorate, part of the Home Office, has continued its rapid growth in Croydon, south London, with four separate acquisitions totalling 115,000 sf.
LONDON-The AIM-listed property developer and trader Halladale Group in a joint venture with Citigroup Alternative Investments has bought a mainly retail portfolio from Henderson Global Investors and the United Bank of Kuwait's Opportunity Fund.
LONDON-The AIM-listed property developer and trader Halladale Group in a joint venture with Citigroup Alternative Investments has bought a mainly retail portfolio from Henderson Global Investors and the United Bank of Kuwait's Opportunity Fund.
LONDON-Mayor Ken Livingstone's plan for 23,000 new homes and up to seven million sf of new offices every year in his draft Spatial Development Strategy has received broad support from London bodies.
LONDON-Westfield Shoppingtowns, the Australian shopping centre operator, has finally come forward with its first concrete proposals for a UK project two years after entering the market. It has lodged a planning application to double the size of Nottingham's Broadmarsh centre to 1.3 million sf.
LONDON- US pension fund clients of Pricoa Property Investment Management and Hines Air Property have agreed a Pounds 17 million ($25 million) sale & leaseback with technology company Scipher on a 90,000-sf R&D complex at Hayes, near London Heathrow airport.
LONDON-Helical has raised another Pounds 61 million ($90 million) from the sale of two properties in the City and Midtown, reducing its reliance on central London offices. It now has over Pounds 125 million ($190 million) to reinvest in retail and industrials.
LONDON-Despite a slight fall in take-up, there is little sign of a weakening in the UK's regional office markets according to the latest survey from DTZ.