Leisure
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Sharp yield in West End
Michael and Steven Elghanayan’s EPIC UK has paid Hermes around £75m – a yield of just over 4% – for 3-5 Burlington Gardens, W1.
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CapCo plans mega-scheme at Earl’s Court
Ambitious plans to transform 70 acres around London’s Earls Court into a 15m-20m sq ft development are being drawn up by Capital & Counties.
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Mercantile Group buys Humberts for £3.16m
Salah Mussa’s Mercantile Group has bought estate agency Humberts for £3.16m on the same day it went into administration.
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Tesco/Everton win consent for stadium and retail complex
Tesco and Everton FC have secured the backing of Knowsley council for their Destination Kirkby scheme, but they must still overcome the objections of neighbouring Liverpool council.
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Trump comes out fighting at golf course inquiry
US real estate developer Donald Trump has put up an impassioned defence of his plans to build “the world’s greatest golf course” on an environmentally sensitive site near Aberdeen.
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British Land submits plans for Meadowhall site
British Land has submitted plans for the redevelopment of land surrounding its Meadowhall Shopping Centre as a £300m mixed-use scheme.
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Japanese bakery continues UK expansion
Japanese owned specialist bakery franchise Beard Papa’s is to open more UK stores as part of its European expansion.
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Commercial property values ‘double-dip’ begins
The “double-dip” in property values has officially begun, according to the latest CB Richard Ellis monthly index.
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Dynamique Hôtels buys 100th property
Dynamique Hôtels has confirmed its position as France’s 4th largest hotel group with the purchase of its 100th hotel.
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Stoke seeks new partner for landmark regeneration scheme
Stoke-on-Trent council is searching for a new development partner following Midland & Regional’s decision to sell its £150m-plus stake in a regeneration scheme for the city centre .
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Beetham secures Russian partner for Blackfriars tower
Russian developer Mirax has joined with the Beetham Organisation to build its £1bn Jumeirah Tower on 1 Blackfriars Road on London’s South Bank.
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CABE: industry not as green as it claims
The government’s adviser on urban design has accused the property industry of exaggerating its commitment to sustainability.