Creative solutions for business space
Exton Estates, the development company run by Stuart Bedford and James Mawson has secured funding for a new office scheme in Taplow, Buckinghamshire. The 11-acre site Wyeth Laboratories has been been bought for £6 million with backing from Scottish Widows Investment Partnership. The site has scope for 100,000 sq ft Read More
If ever a deal illustrated the importance of location, it must be Reading’s Station Hill. Values plummeted after the ambitious £400m scheme was planned in 2005 and locals feared the proposed towers, piazzas, bowling alley, flats and hotel would remain on the drawing board. Worse still the vandalised 1960s buildings Read More
The investment sale of Chiswick Park in west London has got the 2011 property market off to a cracking start. Blackstone is paying £ 480 million for the 1.9 million sq ft office campus that was originally dubbed a ‘mid-urban business park’ and used the innovative Enjoy Work marketing campaign. Read More
Helical Bar, the investor/developer headed by the charismatic Mike Slade, is all set to start investing on a major scale after it raised almost £30 million from its shareholders. The fund raising is believed to have been heavily oversubscribed and reflects the market view that it has one of the Read More
It would appear that far from slowing down, Britain’s recovery is intensifying. Yesterday’s economic data was remarkably good with British manufacturers on a hiring spree as they enjoy the strongest business conditions for 16 years. The Purchasing Managers Index (PMI) suggested that manufacturing is now growing at its fastest tare Read More
The number of planning applications submitted in England has increased to its highest level since the recession, according to latest statistics. Over 127,000 planning applications were submitted in the second quarter of 2010, a 7.7% rise on the Q1 figure and the highest figure since autumn 2008 when 135,000 applications Read More
The Northern Line extension from Kennington to Battersea is paramount if the economic regeneration of the Nine Elms area of south London is to be sustained. It is welcome news then that Wandsworth Borough Council is working up bids to secure grant aid for the project. It will look to Read More
Recent research has shown that more than 4 million square feet of office space in the West End of London has been converted to other uses this decade. The majority has been converted to residential as demand from high net worth overseas purchasers pushes values up but hotel operators have Read More
Demand for high quality office space in London’s West End is pushing rents up to pre-recession levels, according to today’s Financial Times. A rent of more than £100 per sq ft has been agreed for the top floor of Prupim’s new development at 40 Bruton Street in Mayfair. And it Read More
Private property company MEPC has sold part of it’s successful Leavesden Park business park near Watford, Hertfordshire to Warner Bros for a price believed to be £22 million. Warner is buying the 500,000 sq ft of sheds it has leased to make the Harry Potter films among others, together with Read More
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