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EDF to make largest Bristol office deal since the crash
https://www.fierarealestate.co.uk/headlines/edf-to-make-largest-bristol-office-deal-since-the-crash/
EDF Energy is close to signing a deal for 80,000 sq ft in Bristol – the largest office deal in the city since 2008. The French energy giant is understood to be eyeing the remaining space at Palmer Capital and Cubex Land’s Bridgewater House at the £150m Finzels Reach scheme. The 110,000 sq ft building […]
Pinnacle owner turns to the regions
The Saudi Arabian co-owner of the Pinnacle, EC2, is launching a £100m regional property venture on the eve of the Pinnacle site’s sale. Jeddah-based wealth manager Sedco Capital has committed £100m to invest in UK offices and industrial assets over the next 12 months through asset manager Palmer Capital. After expected leveraging of 50-60% and […]
KPMG takes new office as Bristol space race hots up
Accountancy giant KPMG is poised to take new office space in Bristol, in a major fillip for the South West office market. Property Week understands the firm has put 45,000 sq ft under offer at Skanska’s speculatively-built 66 Queen Square, which is due to be completed next May. The deal comes hot-on-the-heels of rival PWC’s prelet […]
Lidl buys 22 acre Midlands plot for design-and-build shed
Thriving discounter Lidl is poised to buy a 22-acre plot in the Black Country, for a 475,000 sq ft distribution centre to support its ambitious nationwide store expansion programme. It has put the Opus Blueprint site in Wednesbury under offer — seven months after Property Week revealed it intended to triple its distribution presence in […]
Kent entrepreneurs on a voyage of Discovery after Pfizer vacates
Cartner and Musgrave have ambitious plans for Discovery Park. Simon Creasey reports. The most hotly debated subject in the Kent property market this year was undoubtedly the closure of Manston Airport and then its sale a few months later to business partners Trevor Cartner and Chris Musgrave. The sale kicked off a storm of protests […]
Bristol hotel deal signed
Cubex and Palmer Capital have signed a deal with Premier Inn for a new 168-bedroom hotel at the Finzels Reach development in Bristol. The pair have submitted a planning application to Bristol City Council for the eight-storey hotel, which will be located on Counterslip, next to the completed 110,000 sq ft Bridgewater House office building […]
JV wins Discovery masterplan approval
A joint venture between Trevor Cartner, Chris Musgrave and Palmer Capital has secured planning permission for a mixed-use development at Discovery Park in Sandwich. The former Pfizer headquarters is already home to almost 100 occupiers, and the JV plans to build a further 500 new homes, and up to 1.3m sq ft of commercial space. It also […]
Dover discovers new blueprint for Pfizer site
Viagra maker Pfizer’s former European HQ in Sandwich, Kent, is to be transformed into a mixed-use scheme covering 200 acres. Discovery Park, bought by a Palmer Capital-backed consortium including Trevor Cartner and Chris Musgrave in 2012, will provide 2.8m sq ft of employment space and 500 homes. Dover council’s planning committee has resolved to grant outline consent […]
Palmer exits industrial trio
Palmer Capital has sold three industrial buildings totalling 169,400 sq ft at Eurocentral in Scotland for £9.3m to a property company and a JLL-managed private property fund. MWM Property acted for Palmer Capital; JLL advised the private property fund. Author: Estates Gazette Link: http://www.egi.co.uk/news/deals-4-october-2014/?keyword=palmerexitsindustrialtrio
Partners double their money on City Block
Foreign appetite for London office stock has helped Palmer Capital and Walbrook Land to double their money on a City asset they bought in 2011. In an off-market deal this week, the Palmer Capital Development Fund II and Walbrook Land sold 103 Cannon Street, EC4, to a private Spanish investor for £17.2m – a 4.6% yield. The […]