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Wrenbridge’s 67 Tufton Street
Finding opportunities and adding value through innovation and renovation, Wrenbridge’s 67 Tufton Street offers modern day contemporary design birthed from the framework of 1950s classic architecture. Hundreds of thousands of smiles have been put onto the faces of those who have received parcels and letters from what used to be the post office on Tufton […]
Thailand gets its first international REIT
The real estate investment management firm Palmer Capital Asia has advised Country Group Developments to launch an industrial real estate investment trust in Thailand. Country Group Developments, a Bangkok-based property development company, has launched Thailand’s first international Real Estate Investment Trust (REIT) that will be invested in foreign property holdings. The MFC Industrial Trust (MIT) […]
Midlands developer Opus Land appoints Gleeds
In light of continuing growth, preeminent development and investment business Opus Land has enhanced its construction function by appointing property and construction consultancy, Gleeds, to oversee its growing portfolio. The appointment comes as Opus acquires new premises in Henley-in-Arden and welcomes two new members to the team, both of whom will play an integral role […]
A quiet end to 2015 – so where next?
As we head into another year it’s worth pausing and asking ourselves where the UK property market is going, particularly as 2015 saw a much quieter finish than any of the year-ends since the recovery began. Investment market momentum stalled in Q3 and many of the UK funds closed for new business in October or […]
Predictions 2016: Alex Price
“Population migration to the cities and their consequent growth will squeeze existing infrastructure and boost the need for development in cities. “Increasing investor wariness about secondary assets as the increasing danger of obsolescence becomes clear will push down pricing, while investor competition will drive down yields for longer-date investments to good-quality tenants as a bond […]
Opus Land to build Midlands HQ
Opus Land obtains approval for a new 100,000 sq.ft. industrial facility in Cannock for the First Choice Group. The building will provide the tenant, a leading distributor of catering spares in the UK, with a much needed new HQ facility to service the needs of their expanding business. The site at Kingswood Lakeside in Cannock […]
A look ahead: Palmer Capital
Leverage is likely to be a contributor to the next property downturn but not to the extent it was last time, according to Palmer Capital’s Nick Cooper. Although debt will play a part in Europe’s next property downturn, it will by no means take on a crucial role, said Nick Cooper, deputy chairman of London-based […]
Palmer Capital Acquire Arden Business Park For £4.25M
Palmer Capital is pleased to announce the acquisition of Arden Business Park for £4.25M with a yield of 7%. The park is located on Arden Road, 9km from Birmingham city centre. The investment comprises 54,210 sq. ft. of modern industrial accommodation arranged over 5 units on a 3.88 acre site with 126 car parking spaces. […]
Palmer Capital And Opus North Shop At Morrisons
Palmer Capital and joint venture partner Opus North have bought two supermarket portfolios from Morrisons for £175m – a 6% yield. The first of the two three-asset packages was bought on behalf of Malaysia’s Employees Provident Fund, which was advised by Deutsche Asset and Wealth Management. It comprises the 167,000 sq ft Isaac Newton Centre […]
Wrenbridge Buys Kent Spec Shed Site
Cambridge-based developer Wrenbridge Land has acquired a site for speculative shed scheme in the Belvedere Industrial Area in Kent.Plans for the 2.15-acre site, at the junction of Bronze Age Way and Picardy Manor Way, are for a £7.2m 45,000 sq ft warehouse with yard and car park.The project was funded by a £200m Palmer Capital […]