News
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Landsec’s head of retail asset management resigns
Nik Porter, Landsec’s head of retail asset management, has stepped down from the company. Porter joined Landsec in August 2021 as head of brand account management and took on the…
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Landsec lines up first office disposals in resi pivot
As Landsec plans a pivot away from offices and retail parks, specific assets marked for disposal are beginning to come to market. The company last month said it will free up…
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Church Commissioners acquires Hull shopping centre
Church Commissioners for England has acquired Willerby Shopping Park in Hull, Yorkshire, from DTZ Investors for an undisclosed sum. Although DTZ was seeking bids of more than £27.1m, reflecting a…
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Shaftesbury Capital sells 25% Covent Garden stake to Norges
Shaftesbury Capital has sold a 25% stake in its estate in London’s Covent Garden to Norwegian sovereign wealth fund Norges Bank Investment Management for £570m.. The deal values the estate…
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Borough Triangle redevelopment tipped for approval
Berkeley Homes is set to receive planning approval for its revised plans for the mixed-use redevelopment of the Borough Triangle site, SE1. The proposals, which “meet updated Building Regulations”, comprises…
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Nobu unveils plans for £360m Manchester development
Nobu Hospitality and property developer Salboy & Betfred has announced plans for a major £360m development in Manchester. Subject to planning approval, the Viadux 2 scheme will comprise two towers…
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Labs up for grabs in Life Science REIT review
Life Science REIT is set to test investor confidence in the long-term prospects of labs and related real estate after putting itself up for sale. The company floated on the…
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Next phase of Silvertown given green light
Plans for 600 affordable homes at Silvertown in the Royal Docks have been approved by Newham Council’s planning committee. The homes will be delivered in collaboration with The Guinness Partnership.…
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British Land signs trio of tenants at Sheffield’s Meadowhall
British Land has signed a trio of deals, with JD Sports, Superdrug and Ann Summers growing to a combined 42,278 sq ft at Meadowhall in Sheffield. JD is significantly expanding…
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Global Holdings submits plans for 1 Hanover Square
Investor Global Holdings Management Group has submitted plans for the redevelopment of 1 Hanover Square, W1, after acquiring the building from publishing giant Condé Nast early last year. The proposals would involve the existing…
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Cadogan secures first three retailers at £235m Chelsea development
Cadogan has secured the first retail tenants at The Gaumont, a £235m mixed-use development, and the creation of its “creative quarter” at 196-222 King’s Road, SW3. The developer has secured leases…
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The rise and rise of City rents
With PIB Group on track for a potential new record rent in the City, at around £130 per sq ft, just a couple of months after Brazilian bank Banco Master…