Blackstone are due to take over the ownership of Chiswick Park office complex.
Real estate investment trust Blackstone will take ownership of offices in Chiswick Park in West London after triumphing in a bidding process.
American company Blackstone have won the right to claim the keys for an office complex at Chiswick Park in West London following intense bidding.
The commercial property company is due to seal a £480 million deal to take the building off the hands of Chiswick Park Unit Trust who are the current owners of the property. The yield was approximately 7.5%. (more…)
Office property in Croydon has been bought by two Israeli pension funds for nearly £80 million.
Two Israeli pension funds have bought office space in Croydon for £78 million, resulting in a net yield of slightly less than 7%.
Harel and Clal have purchased the two commercial properties meaning both firms now have two properties in the UK.
The deal sees Apollo House and Lunar House come under Israeli ownership after the joint venture took over the running of the buildings from Green Property.
Basepoint are to offer a 20% discount to all firms who rent offices before 31 March.
A company in Worcestershire is doing its best to alleviate the VAT increase which is now starting to be felt in the UK following its implementation on 4 January.
Basepoint, an office rental company have decided to pass on a 20% saving across 2011 to each company who rent office space on their sites.
The deal will apply to all firms who move in between January and the end of the financial year in March.
Manchester office space is set for a successful 2011 according to commercial property experts.
Office space in the Manchester region is set to grow over the coming twelve months, thanks in part to the Media City UK offices which are taking shape along the Salford Quays.
Media City is just one of the reasons why Manchester is expected to do so well in terms of leasing office space, with the city centre also a magnet for investment.
However, there may be a wider gap between Manchester’s growth and the rest of the north west region by the end of the year, according to surveying firm GVA.
London may be in for a tougher twelve months in the office market according to a leading property agent.
Property agent DTZ have issued a warning to companies who are chasing office space in London over the coming twelve months.
Martin Davis, the Head of Research at DTZ has claimed that 2011 will be a very lean year for new or refurbished office space in the City.
Levels of office floor space will drop dramatically during 2011 compared to the amount of office space created in 2010. (more…)
An American investment bank has expanded its office space in London.
American investment bank JP Morgan Chase has completed the purchase of two offices in the heart of the City of London.
JP Morgan Chase & Co has purchased two office sites in London last year, despite a financial increase making it more expensive to operate in the capital.
The US based firm has taken on the former Lehman Brothers British headquarters in Canary Wharf as well as an office site from the Carlyle Group. (more…)
Southampton office space is due to increase thanks to the planned development of the quayside.
New office space is expected as part of plans to redevelop Southampton’s quayside on the old Vosper Thorneycroft shipyard in the city’s Woolston district.
Southampton has started the new year with a boost thanks to more office space which will be created when the city finalises plans on the quayside.
The sea-faring city is due to have a new Maritime and Marine Quarter at the site of a former shipyard close to the city’s Centenary Quay. (more…)
Office space in Wilmslow has been successfully leased over the past three months.
Wilmslow has been a hotbed of office deals over the past few months thanks to the efforts of Orbit Developments who have managed to lease out office space in commercial properties.
The Cheshire market town of Wilmslow has continued to feel the benefits of companies eager to invest in office property, partly in due to Orbit Developments managed-property attracting so much interest.
The company have been incredibly busy over the past few months, bringing in a total of eight deals amounting to over 12,500 square feet of office space. (more…)