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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, […]

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 […]

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 […]

AXA Real Estate Investment Managers has completed a forward funding deal for a 168-bedroom Premier Inn hotel at Cubex Land’s Finzels Reach development in Bristol. The fund manager, on behalf of its long lease fund, has agreed to pay £17.8m – a 4.85% yield – to fund the construction of the hotel, which has been […]

Palmer Capital has completed its busiest ever quarter, with £170m of equity committed in the three months to the end of June. The fund manager, which also operates as a venture capital backer of regional property companies, invested £120m and has another £50m committed across seven deals. Chief executive Alex Price says at the start […]

Colworth Park has been a centre for R&D excellence since Unilever first acquired the site in 1947. The unique setting offers the ideal combination of proximity and access to Britain’s top universities, expansion space for growing businesses, and beautifully landscaped grounds, which together serve to foster innovation on-site. Today, Unilever remains a core presence at […]

Midlands-based developer Opus Land and Palmer Capital have acquired the 140,000 sq ft office block at 54 Hagley Road, Edgbaston, Birmingham, for £23m – a 7.8% yield. Tudor Toone advised Westbrook; GBR Phoenix Beard represented Opus and Palmer Capital.   Author: EGi Link: http://www.egi.co.uk/news/deals-20-june-2015/?keyword=opusacquiresbrumoffices

Palmer Capital alongside Opus Land and SEDCO Capital has acquired 54 Hagley Road, Birmingham, for £23.1m from Westbrook Partners, reflecting a yield of 8%. The 146,803 sq ft multilet office is  located three miles from Birmingham city centre. The building has recently undergone a comprehensive refurbishment programme costing around £15m. Currently over half of the […]

Palmer Capital and Opus Land have completed the acquisition of 54 Hagley Road in the Edgbaston area of Birmingham from Westbrook Partners for circa £23m, as investors continue to favour the Midlands city, CoStar News can reveal. CoStar News understands that the duo has been joined in the development partnership by a Middle Eastern investor, […]

When Skanska put its 61,000 sq ft, brand new, 66 Queen Square office building on the market late last year it was inevitable that it would draw attention from the wealth of money looking to buy in the UK’s regional cities. Blue-chip accountancy firm KPMG has prelet 52,000 sq ft in the building for a record rent for […]