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BRISTOL SEEKS TO KEEP OFFICE MOMENTUM GOING
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
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 […]
Cubex shapes Bristol office plan
CUBEX SHAPES BRISTOL OFFICE PLAN Cubex, backed by Palmer Capital, has unveiled plans for a 95,000 sq ft speculative office block in Bristol. The Bush Consultancy-designed proposals are for a seven-storey block on Temple Plot East at Finzels Reach. Cubex bought the site in 2013 and the proposals will be its first office development on […]
265-279 Iffley Road, Oxford
Type of deal: Investment Vendor: Private Purchaser: Wrenbridge Land Size: 30,000 sq ft Value: £7m NIY: 5.34% 265-279 IFFLEY ROAD, OXFORD I selected the sale of 265-279 Iffley Road, which exchanged just before Christmas, as my most significant transaction principally due to the strength of the figure achieved. It is indicative of the continuing attracted […]
Mill Court office scheme acquired
Buccleuch Property has invested in the buoyant Cambridge office market with the purchase of Mill Court office park from the receivers to the previous owners for £6.35 million. The development comprises almost 40,000 sq. ft. of office space within landscaped surroundings in a strategic location next to Shelford railway station on the south side of […]
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 […]