News
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MORNING NEWS: Prime London office vacancy rates nudge zero
Plus – L&G tries again with Senator House, hotels are hot and Derwent goes all in on Baker Street
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Derwent buys Lazari out of Baker Street project
Firm has paid £44.4m for remaining 50% share in W1 block
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PRS REIT opens dataroom as buyers circle
Group says it is in “active discussions” with a number of interested parties
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Alternative REIT buys Hertfordshire beauty school
Group adds long-let Champney’s resort to portfolio
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Farringdon hotel up for sale for £50m
RE Capital appoints Savills to sell newly opened Ruby Stella hotel
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ADIA sells UK Marriotts in £900m deal
KKR and Baupost team up to take on 6,500-bedroom portfolio
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Vacancy rates near zero for new prime London offices
Recent large HQ deals have pushed availability down to the equivalent of eight months’ take-up
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Kier gets nod for fresh Arena Central plans
Consent will see 280,000 sq ft of grade-A offices built at 5 Centenary Square
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Avant’s 396-home Pleasely plans go in
£90m resi development is part of a larger mixed-use scheme near Mansfield
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Two new tenants splash out at Blue Fin
The deals mean the 500,000 sq ft office block is now 96% occupied
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Pioneer’s asset management boss heads to Longfellow
James Evans appointed as operations director for the UK
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Digital infrastructure: asset hype or the foundations of the future?
COMMENT Goldacre’s David Bloom on the rise of data centres