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What next for European Real Estate?
Despite continuing geopolitical uncertainties close to home (Ukraine, Greece) the continental European property markets are now on a general upswing which we expect to continue in the medium term. Led by Scandinavia and Germany, and trailed by Italy, every region is anticipating a pick-up in rental growth and continuing falls in yields. In some markets […]
Cantium sells Sussex retail park
Cantium Developments has sold the Acorn Retail Park development in Crawley, West Sussex, for £19.5m. The Palmer Capital-backed company has forward-sold the asset to clients of Aberdeen Asset Management at a price reflecting a 4.75% yield. Aberdeen will act as funding partner throughout the development project. The 42,001 sq ft scheme has been entirely prelet […]
Agents pick the most significant Deals (for the six months to end of September)
Cobalt Business Park, North Tyneside Type of deal Investment Vendor Indigo Real Estate Purchaser Maya Capital Size 93,571 sq ft Price £13.08m Chosen by Dickon Wood, head of capital markets, Knight Frank This summer Indigo Real Estate sold Cobalt 15 to Maya Capital for around £13m, giving it a return of approaching 100% on an investment made just […]
Albion’s Dream
Even its new owners admit Albion House in Woking is “not a looker.” Yet it could be about to provide stellar returns for Palmer Capital’s Wrenbridge vehicle. The 41,000 sq ft block will be refurbished, re-let and sold back to the institutional market by mid-2016, a little over a year after Wrenbridge bought it from […]
54 Hagley Road fully let after deal agreed
The building was acquired earlier this year by Henley-based Opus Land with the backing of Palmer Capital for a total of £23 million from Westbrook Partners 54 Hagley Road, Edgbaston An office development in Edgbaston is now fully let after securing a host of new tenants. For the first time since the building was refurbished […]
Where next for the industry?
The post-2008 period has seen changes across the real estate investment management world, with mergers like Blackrock and MGPA and takeovers like Palmer’s of Invista. However, it’s fair to say the industry has been less shaken up than most of us expected, and the questions must be “why?” and “where next?”. Real estate managers have the advantage […]
Disappearing Act – London’s growing shed crisis
Housing crisis. Record low office vacancy. These subjects regularly make headlines, but they are not the only factors putting a strain on London’s property market. Industrial land across the capital is rapidly disappearing and there could be a (rising) price to pay. It is not just big set pieces such as Nine Elms, SW8, and […]
Let’s Work Together
The rewards that arose from encouraging tenants to invest in a community ethic turned out to be a Kent business park’s greatest discovery “Where’s Sandwich?” That was the initial reaction of Anna Stone when asked if she’d like to take over as leasing director of the soon-to-be-launched Discovery Park. Previously occupied by pharmaceutical giant Pfizer, […]
Rolls-Royce Flies from East Kilbride but plans to leave site in good shape
Aerospace giant Rolls-Royce’s decision in 2012 to close its plant in East Kilbride sparked serious concerns among local people about the impact of the closure on the South Lanarkshire town. The aero-engine repair-and-maintenance plant will move to a more modern home at Inchinnan, near Glasgow Airport, along with its 600-strong workforce by the end of […]
Kent is the gateway to success
Businesses in the Garden of England will have even more opportunities to grow in the future. That is the conclusion of business leaders as Kent sees the launch of a major new industry network and a continued increase in the number of foreign-based companies heading for the county. Kent’s thriving life science community received a […]