LONDON-Freeport has been granted planning permission to more than double the size of its successful Freeport Village outlet mall in Fleetwood Lancashire. And at the same time it has completed the purchase of the 240,000-sf Excalibur scheme on the Czech/Austrian border.
LONDON-The industrial sector is the best-performing element of the UK property market, according to Insignia Richard Ellis, and with the exception of the south east of England, where the market is oversupplied, the industrial market looks set to remain healthy.
LONDON-In spite of the current market downturn, the City of London still faces a shortage of larger office buildings, according to new research from Chesterton. And current levels of development activity are unlikely to plug the gap for several years to come.
LONDON-In spite of the current market downturn, the City of London still faces a shortage of larger office buildings, according to new research from Chesterton. And current levels of development activity are unlikely to plug the gap for several years to come.
LONDON-Estates & General has continued the process of upgrading its property portfolio with the sale of seven properties worth Pounds 26 million ($38 million).
LONDON-Mountgrange Investments, the new vehicle for property high-flyers Martin Myers and Manish Chande, has made its first purchase in the form of the St Mark's Shopping Park, Lincoln.
LONDON-The City of London has seen its biggest investment deal of the year so far with Hammerson's Pounds 219 million ($317 million) sale of 280 Bishopsgate to a private investor.
LONDON-Capital & Regional and Morley Fund Management have brought four more retail parks for their The Junction out-of-town retail fund, and a Morley-managed fund has injected another Pounds 100 million ($145 million) into the fund.
LONDON-Office take-up in the South East increased by 35% during the first quarter of 2002 compared to the previous quarter, signalling that the worst may soon be over for the region's office market, according to Atis Real Weatheralls.