Creative solutions for business space
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
Much has been made of the JLL and King Sturge deal in the last ten days but let’s face it a merger it is not. JLL is BUYING King Sturge. In many respects there are similarities with this country’s coalition government – the real power lies with the Tories or Read More
Strong investor demand for south east office and industrial property portoflios has been highlighted in three deals reported this week. The three portfolios were all purchased by investment fund and turn-round specialists and sold for over their asking prices at yields of between 7% and 7.5%. They comprised: six multi-let Read More
Land Securities reported it’s full year figures for the 12 months to March 31 this morning. The main highlights are: The UK REIT saw an 19.5 increase in its net asset value to 826p a share – far exceeding analysts forecasts. The company has benefitted from it’s exposure to the Read More
Acting on behalf of Threadneedle, Bray Fox Smith has let the 40,000 sq ft Gainsborough office building, on Houghton Hall office park, Dunstable in the largest transaction of its kind in the northern Home Counties for 18 months. Global group ArjoHuntleigh has taken the newly refurbished three-storey building on a Read More
Having recently bought the Egale office scheme in Watford from Standard Life, Threadneedle Properties , advised by Bray Fox Smith, has let the vacant element to one of the existing tenants, Coface (UK) Ltd and has simultaneously regeared the lease on the 2nd and 3rd floors. Coface will transfer staff from Read More
Office take-up in the Thames Valley corridor in the first quarter of 2011 was up almost by half on the corresponding period last year. Almost 395,000 sq ft of space was taken up in the region, which outside central London is one of the most important barometers of the commercial Read More
Mike Hussey’s Almacantar has exchanged contracts to buy the Centre Point office building in central London. The well-known 32-storey tower building is located next to Tottenham Court Road underground station and is 85% let to a variety of occupiers. The average lease length is 10 years and the purchase is Read More
News that Reading Borough Council is to finally commit to relocating to a new headquarters has set the local market stirring. The council was originally looking to move two years ago but those plans were scrapped when costs proved unaffordable. Now the council appears to have little option as it’s Read More
The popular view in the UK real estate investment market is that the world begins and ends in central London. Whilst it is true that occupier demand is strong and investor demand is high here, these factors have been priced in to potential sales and there are few bargains to Read More
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