Philip Brown
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Mitsui/Stanhope confirm Mark Lane letting
Mitsui Fudosan UK and Stanhope have confirmed that global insurer Zurich has taken a prelet of their 70 Mark Lane, EC3, development.
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Gatehouse buys Omega
Gatehouse Bank has bought the Omega building at Capitol Park in Thorne, Doncaster from Omega for £16.3m.
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IPD: returns rise to 1.7%
FINANCE: UK commercial property returned 1.7% in September, significantly up on the 1.4% return for August, as capital growth reasserts itself.
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£350m London Growth deal signed
MIPIM UK: Cities minister Greg Clark and mayor of London Boris Johnson have signed a £350m London Growth Deal designed to bring public and private investment in to the capital.
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WP Carey buys Admiral Newport HQ
New York-listed REIT WP Carey has completed the purchase of insurer Admiral’s new Newport office building for £20m from Scarborough Group.
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BL agrees 50,000 sq ft of lettings with Outfit
British Land has agreed four lettings totalling 50,000 sq ft with Outfit.
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AXA’s 20 Garrick Street fully let
AXA Real Estate Investment Managers has fully let 20 Garrick Street, WC2, after signing two new leases.
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Dalata group buys €31.7m Irish hotel pair
Dalata Hotel Group has agreed to buy a pair of Irish hotels for a combined €31.7m (£29.4m).
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Workday lets 85,000 sq ft in Dublin city fringe
US IT company Workday has signed a 10-year lease for 85,000 sq ft at the King’s Building in Smithfield, Dublin.
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Queensberry buys in Newport
Queensberry Real Estate has bought the 250,000 sq ft Kingsway Shopping Centre, Newport in a joint venture with Bywater Properties.
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Judge upholds Asda permission
A local authority has fended off a fresh high court challenge from Tesco to plans to develop an Asda in the town of Lydney.
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Overseas investors in the lead
Overseas investors have overtaken UK institutions to become the largest owners of UK commercial property for the first time.