Bridget O’Connell
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Safeland buys 30 Newcastle industrial units
Safeland, the property trading, refurbishment, redevelopment, investment and self storage company, has bought 30 small industrial units in Newcastle for £4.3m.
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US asset manager buys Mills Corporation
US asset manager Brookfield Asset Management has bought Mills Corporation in an $8.8bn (£4.46m) deal. Following this morning’s offers from Mills shareholders Farallon Partners and Gazit-Globe to recapitalise, Brookfield has…
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Govt rejects C&P’s plans for Peruvian Wharf
Capital and Provident’s (C&P) plans for the £300m Peruvian Wharf scheme in Newham, east London, have been turned down by the government.
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Big Yellow seeks shareholder vote for REIT conversion
Big Yellow has confirmed it is calling an EGM to seek shareholder approval for conversion to a REIT. The FTSE 250 self storage company is in on-going discussions with HM…
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Countrywide chairman urges shareholders to back MBO
Countrywide chairman Christopher Sporborg posted a letter to shareholders this morning once more urging them to accepted a takeover offer by a management buyout team backed by invest company 3i.
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Tories confirm plans to repeal PGS development tax
The Conservatives have confirmed that they would repeal Labour’s proposed Planning Gain Supplement (PGS) tax on development, as tipped in last week’s Estates Gazette (page 29).
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Slough continues West London expansion with £27m buy
Slough Estates International (SEI) has paid £27.4m for a business and industrial park in Sunbury, South West London. Foreign & Colonial sold Sunbury International Business Centre (SIBC) in a deal…
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Burberry checks into Derwent’s Horseferry House
Derwent Valley has secured a pre-let of Horseferry House, SW1, to fashion giant Burberry. The British clothing brand will relocate its international head office from Haymarket to the 160,000 sq…
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Hunter/HBOS table revised bid for Crest Nicholson
Scottish entrepreneur Tom Hunter and HBOS have tabled a revised offer for housebuilder Crest Nicholson. On Friday the Castle Bidco consortium offered 629.7p a share to buy the outstanding Crest…
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Countrywide takeover decision delayed
The future of Countrywide remains to be decided after this morning’s EGM was adjourned. A vote on the proposed management buy-out by chief executive Harry Hill, with backing from private…
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INREV survey shows non-listed funds still favourite
Non-listed funds remain the favoured route for increasing property exposure according to research by INREV, the European association for investors in non-listed real estate vehicles.
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LandSec secures £12m Swansea deal
Land Securities Trillium is to develop a £12m print facility in Fforestfach, Swansea, for the DVLA. The 52,000 sq ft building, on Felinfach commercial estate, will be complete in September…