Bridget O’Connell
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LaSalle sells Silverstone Porsche centre
LaSalle Investment Management has sold the freehold interest of the Porsche Centre, Silverstone to Lodge Road Partnership for £4.59m. The deal represents a net initial yield of 4.85% and a…
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Amsterdam Apollo hotel sold for €50m
A 219-room hotel in Amsterdam has been sold by Starman UK Company Services for €50m (£33.5m). A group of Dutch investors purchased the Le Méridien Apollo, located in the city’s…
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King’s Lynn marina plans get underway
Work on a masterplan for a marina development in King’s Lynn is underway after an Urban Renaissance Development Strategy for the area was endorsed by the local council.
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Moves up north
Major expansion Bridget O’Connell spoke to northern area director Stuart Longbottom and development surveyor Adam Hearld about Rok’s decision to expand into the North, and the development programme it is…
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Council fails to overturn ‘unusual’ green belt decision
Cherwell Council has lost its High Court bid to overturn a planning inspector’s decision allowing the continued use of an office building within the Oxford green belt.
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HD1 appoints Colliers for Huddersfield scheme
HD1 Developments have appointed Colliers CRE to market the £50m St George’s Quarter in Huddersfield town centre. The mixed-use scheme in the Yorkshire town will redevelop an 1870’s Grade II-listed…
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DCLG publishes upbeat assessment on planning grant
Local authority delivery of planning services is showing continuing improvement, according to the latest evaluation of the Planning Delivery Grant (PDG).
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MCD gets consent for Brum Jewellery Quarter scheme
Urban regeneration specialist MCD has been given detailed planning consent for a £23m mixed-use scheme in Birmingham’s Jewellery Quarter. The grade II listed Derwent House, a former foundry located off…
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Tiger pounces on Guernsey office block
Tiger Developments has acquired 43,590 sq ft of offices in Guernsey for £14.8m from a private vendor. The deal, which reflects a net initial yield of 7.49%, includes St Martin’s,…
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Jones Lang LaSalle poaches Kiernan from Citigroup
Jones Lang LaSalle (JLL) has appointed Chris Kiernan, former Citigroup head, as global client relationship manager. Currently Citigroup’s Europe Middle East and Asia (EMEA) head of real estate, Kiernan will…
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Hermes sells Newcastle shopping centre for £28m
Hermes Real Estate has sold the Royal Quays shopping village in North Shields, Newcastle for £28.8m. Capmark Investments and Dutch clients of WD Galleria, the discount outlet operator, purchased the…
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Ballymore books five-star Sheraton for Slovakia scheme
Irish developer Ballymore has signed Starwood Hotels to manage a five-star Sheraton at its 2.5m sq ft mixed-use Eurovea scheme in Bratislava, Slovakia.