Real estate boost for Deloitte
The acquisition of Drivers Jonas in January helped accountancy giant Deloitte to boost its real estate revenues to £169m in the year ended 31 May. This was up from £157m in 2009. Total revenues for Deloitte totalled £1.9bn, with profits dipping marginally to £590m. Average profit per partner at the accountant fell from £883,000 to £873,000.
New growth at Birch Coppice
IM Properties has been given the go-ahead to develop a 124-acre second phase at its Birch Coppice business park in Tamworth, West Midlands. The consent follows the developer’s recent agreement with Ocado to build the online supermarket a bespoke 350,000 sq ft shed, as revealed by Estates Gazette (14 August, p23). The latest phase will house 2m sq ft of rail-served warehousing space.
Stone Harbor ties up on top
US-based boutique financier Stone Harbor Investment Partners has taken 5,600 sq ft on the top floor at Royal London Asset Management’s 44 Dover Street, W1, at a rent of £90 per sq ft. It has agreed a 10-year lease with 17 months rent-free and a break at five years. Office Planet advised Stone Harbor; Strutt & Parker acted for RLAM.
Strutts boosts retail team
Strutt & Parker has appointed Antony Nickalls to run its shopping centre investment team. Nickalls joins from DTZ, where he was a retail investment director. He will join Strutts as an equity partner in November and will work under head of retail Michael Rowlands.
Google clicks on Dublin
Internet giant Google will open a new operations centre at the East Point business park in Dublin. The company has agreed to take 40,000 sq ft at the park. The offices, in the city’s Docklands, will be ready for occupation by the end of the year.
