Creative solutions for business space
Blackberry manufacturer Research in Motion may soon be leaving its home in Slough as it launches a search for a new 120,000 sq ft European headquarters in the Thames Valley. The Canada-based company is keen to consolidate its UK personnel into a single office building and is considering new-build and Read More
Legal & General has got the south east office market off to a flying start to 2012 by agreeing a deal with long-time Croydon occupier Nestle. L&G has agreed a 20-year lease with the confectionery giant at its 1 City Place in Crawley ending Croydon council’s dreams to keeping the Read More
The Thames Valley office market received an early Christmas present this week with a double letting boost in Reading. In the larger deal online retail payment group CyberSource has leased 20,000 sq ft at Reading International Business Park near junction 11 of the M4 on the edge of the town. Read More
Oil giant BP has exchanged contracts with Scottish Widows to base its 68,000 sq ft headquarters at New Square, Bedfont Lakes, near Heathrow, in what is a major confidence boost for the south west London office market. BP will take buildings one, five and seven on the business park on Read More
Investor demand for industrial property in the south east of England has been highlighted with Legal & General buying six London industrial estates from Segro for £38.2m. L & G has bought the estates, in Park Royal, Poyle, Haringey and Poplar and which total 450,000 sq ft, at a net Read More
Bray Fox Smith, the niche commercial property consultant, has announced the appointment of Sim Khatkar as a partner. Sim becomes Bray Fox Smith’s first appointment since it was formed by the founding partners in early 2009. Prior to joining Bray Fox Smith, Sim was head of the national office agency Read More
In the last week, Pharmaceuticals company Astellas Pharma announced it will move its headquarters to Chertsey in the South East region’s largest occupational deal, while the banking group, ING Direct, also instructed its agents to review options in the Thames Valley region ahead of a 2014 lease expiry at its Read More
DTZ was in the business paper headlines this week after the surprise resignations of its senior management team. Chief executive Paul Idzik, formerly of Barclays, was appointed to lead the company’s turnaround and departs after nearly three years in charge. Bob Rickert, another former Barclays executive, who was DTZ’s finance Read More
The south east office market could witness its largest occupational deal this year if pharmaceuticals company Astellas Pharma moves its headquarters to a Chertsey office park. The company is believed to be in negotiations to purchase the former EA Games European Hillswood headquarters for a approximately £17m. It is looking Read More
Kajima, the Japanese construction company, represented by Bray Fox Smith, has relocated its UK headquarters to new offices at 55 Baker Street, London W1. The new office space was taken on a 10-year sub-lease from BDO with a break option after five years and 20 months’ rent free. Kajima will Read More
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