Lancashire
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Deals – 11 July 2015
Meyer Bergman has bought the long-leasehold of the Céline store at 103 Mount Street, W1, for £81m – a 3% yield – from Kajima Properties.
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Partners model designer outlet ensemble
LaSalle Investment Management and Hermes have appointed CBRE to sell a trio of regional designer outlet centres for £107.5m.
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Blackpool tackles issue of substandard rentals
Blackpool is looking to improve the quality of housing offered to renters, buying up private, substandard properties and bulldozing them, building new homes in their place.
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North West Focus – Rave heads for the grave
NORTH WEST FOCUS: The glory days of the region’s dance scene are well and truly over with the news that Liverpool’s Cream is set to close
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Auctions briefs: MS Auctions offers retail
Some 25 lots will be offered at MS Auctions’ sale on 30 April.
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Brockton offloads £51m Highgate portfolio
Brockton Capital and Dunedin Property have sold the Highgate portfolio of industrial estates to Cording Real Estate for £51m – a 9.25% yield.
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Regional lots power Allsop Commercial
Allsop Commercial raised £65.3m at its 25 March auction, selling 107 of the 126 lots on offer, an 85% success rate.
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Royal Exchange plans submitted
Trinity Investment Management and Starwood Capital have submitted a planning application to refurbish Manchester’s iconic Royal Exchange.
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NewRiver Retail rejigs portfolio
NewRiver Retail has made three acquisitions totalling £18.3m and three disposals totalling £5.5m.
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Green light for St Modwen’s Skelmersdale regen
Planning consent has been granted for St Modwen’s transformation of Skelmersdale town centre
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Valad buys UK trio for £23.7m
Valad has bought a £23.7m set of three properties for its European Diversified Fund
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L&G buys Blackburn office block
Maple Grove Developments has presold its 32,000 sq ft office building at Blackburn Cathedral Quarter to Legal & General Property for £9.1m, reflecting a yield of 4.6%, a record for…