Louisa Clarence-Smith
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Lok’nStore reports assets, profit and dividend on the up
Self-storage company Lok’nStore turned in a strong set of preliminary results reporting increasing assets and profit and falling debt, pushing up its adjusted NAV by 7.9% to £4.16 a share
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KFIM buys Glasgow office building on behalf of Korean investors
Knight Frank Investment Management and Korean asset manager Multi Asset Global Investments, a wholly owned subsidiary of Mirae Asset Global Investments, have exchanged contracts to acquire 122 Waterloo Street, Glasgow
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WeWork nears £600m deal to buy Blackstone’s Devonshire Square
WeWork is in exclusive talks to buy Blackstone’s Devonshire Square, EC2, for around £600m.
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Kennedy Wilson refinances Clancy Quay with €45m loan
Kennedy Wilson and its equity partner have refinanced the existing construction loan on phase two of Clancy Quay, an 845-unit housing development in Dublin, Ireland.
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The £1bn council plan bringing cancer bodies together
Sutton council is working with three health bodies and a research centre to create a world-leading cancer hub that will generate up to £1bn for the UK economy each year
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Search for £1bn London cancer hub partners
The partners behind a proposed £1bn London cancer hub have begun a search for investment and development partners
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L&G lets 70,000 sq ft at Festival Business Park
Legal & General’s Industrial Property Investment Fund has let 70,000 sq ft at its Festival Business Park in Basildon, Essex, to three separate occupiers
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Brookfield preps sale of £700m stake in 100 Bishopsgate
Brookfield Property Partners has instructed agents to advise on a potential sale of a 50% stake in 100 Bishopsgate, EC2, for £700m.
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Time Out selects King’s Cross for new HQ
Time Out has agreed a deal for a new London headquarters at architect Squire & Partners’ former offices in King’s Cross, WC1.
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Central London leasing up 23% year-on-year
Central London leasing for Q3 has shown significant year-on-year increases in the City and West End, while east London has declined sharply
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Cap business rates rises, industry chiefs urge chancellor
Retail and property chiefs have penned a letter to the chancellor calling for business rates relief ahead of a “sharp increase” due to kick in next April
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Leeds on track for record office take-up
The 378,000 sq ft prelet to the Government Property Unit at MEPC’s Wellington Place in Leeds has helped put the city on track to record full-year take-up of more than…