Take-up leaps in Manchester
Manchester office take up hit 492,000 sq ft in the first half of the year – 17% above the first six months of 2016, according to the Manchester Office Agents Forum. About 284,000 sq ft was transacted in the second quarter, up 27% on the same period last year.
Withers signs for Old Bailey
Blackstone has completed a deal to let 60,000 sq ft at 20 Old Bailey, EC4, to law firm Withers, which will establish its new UK headquarters at the 240,000 sq ft office building. BNP Paribas Real Estate and CBRE are the joint leasing agents for Blackstone; Savills acted for Withers.
Sports Direct to splash £300m
Sports Direct is to invest more than £300m in property assets every year over the next two to four years. The retailer invested £317m in 23 freehold and long leasehold properties in the 12 months to April. Its biggest deal was the freehold of 161-167 Oxford Street, W1, and 36 Poland Street, W1, £108m.
Social housing REIT plans £200m IPO
A social housing investment company is planning to list on the LSE with a £200m IPO. Assets in Triple Point Social Housing REIT will be subject to inflation-linked, long-term leases, and it is expecting a 5% dividend in the first full financial year.
Leeds office activity up 28%
Leeds’ office market had a strong second quarter, with 134,796 sq ft let in the city centre – a 28% increase on Q1, according to the Leeds Office Agency.
Barratt has submitted a joint application to Camden Council for a major mixed-use development near Camden Market.
Take-up leaps in Manchester
Manchester office take up hit 492,000 sq ft in the first half of the year – 17% above the first six months of 2016, according to the Manchester Office Agents Forum. About 284,000 sq ft was transacted in the second quarter, up 27% on the same period last year.
Withers signs for Old Bailey
Blackstone has completed a deal to let 60,000 sq ft at 20 Old Bailey, EC4, to law firm Withers, which will establish its new UK headquarters at the 240,000 sq ft office building. BNP Paribas Real Estate and CBRE are the joint leasing agents for Blackstone; Savills acted for Withers.
Sports Direct to splash £300m
Sports Direct is to invest more than £300m in property assets every year over the next two to four years. The retailer invested £317m in 23 freehold and long leasehold properties in the 12 months to April. Its biggest deal was the freehold of 161-167 Oxford Street, W1, and 36 Poland Street, W1, £108m.
Social housing REIT plans £200m IPO
A social housing investment company is planning to list on the LSE with a £200m IPO. Assets in Triple Point Social Housing REIT will be subject to inflation-linked, long-term leases, and it is expecting a 5% dividend in the first full financial year.
Leeds office activity up 28%
Leeds’ office market had a strong second quarter, with 134,796 sq ft let in the city centre – a 28% increase on Q1, according to the Leeds Office Agency.
Barratt has submitted a joint application to Camden Council for a major mixed-use development near Camden Market.
