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Opus North has been granted planning permission to develop a vacant four-acre site in Armley, Yorkshire, into a retail park. The site previously housed a factory occupied by manufacturer DENSO Marston. Construction of the £8.5m scheme will start this summer and the retail park is scheduled to open in spring 2016. Tenants already signed up […]

FINANCE: Palmer Capital has turned around its Emerging Europe Property Fund, converting a €133,000 (£95,906) loss in 2013 to a profit of €1.12m in 2014. The fund, originally part of the 2012 takeover of Middle Europe Investments, divested itself of a number of underperforming assets, reduced costs by 41% and cut loan to value ratios […]

Charles Street Buildings Group has forward-purchased a 52,000 sq ft Waitrose development on London Road in Worcester, West Midlands, from Opus Land for £20m – a 4.4% yield. Waitrose has prelet the scheme on a 20-year lease at £940,000 pa. Colliers International acted for Opus; Charles Street Buildings was unrepresented. Author: EGi Link: http://www.egi.co.uk/news/deals-april-11-2015/?keyword=waitrosesiteforcharlesstreet

The Group has completed a 20 year lease with Waitrose on a 52,000 sq ft supermarket developed by Opus Land.

SPACE SHORTAGE MAY HIT MILTON KEYNES Back in Milton Keynes, the largest industrial site is the 26 industrial acres at Pineham, north of the city centre. But so far industrial rents have not justified speculative new industrial buildings. Paul Davies, Bidwells industrial partner, says rents will have to rise to £6.50/sq ft from the current […]

Sutton council has kicked off its move into commercial property investment as a means of stemming funding cuts with the purchase of an office complex. The council has bought the long-leasehold interest in Cantium House in Wallington, Sutton, from Palmer Capital-backed Cantium Developments for £6.5m – an 8% yield. The fully let 37,000 sq ft […]

Valad Europe has acquired a portfolio of three UK properties for a total of £23.7m, on behalf of its Valad European Diversified Fund. The company has bought Festival Leisure Park in Blackpool from Scottish Widows Investment Partnership for £12.5m, reflecting a yield of 8.94%. The park comprises more than 95,000 sq ft of leisure space […]

Palmer Capital is a UK based real estate manager of client capital, investing into real estate and operating in the UK, Northern and Central Europe, and Hong Kong.

Bristol property owners may soon get the answer to the question: how can we keep last year’s momentum going? The office market in Bristol was booming last year and for the first time in a decade more than 1m sq ft of office space was let. In the final quarter alone there were more than […]

REFURBISHED OFFICES SET FOR OPENING A multimillion pound project to refurbish and upgrade a key city centre office building in Aberdeen has reach completion. An event to mark the re-opening of the Huntly Street building will take place today. AB1 – formerly known as Langlands House and occupied until February 2014 by oil services company […]