Search on site
Results
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 […]
AXA funds Finzels Reach hotel
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 looks to keep up pace after busiest ever quarter
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 – One Year On
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 […]
Opus Acquires Brum Office
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 picks up 54 Hagley road for £23m
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 […]