Eagle Star Properties is forward funding the Royal Mail’s £8.2m sorting office and road transport workshop in Peterborough. The 208,000-sq ft facility will stand on a 14-acre former Commission for the New Towns site, with Royal Mail Property Holdings starting construction last week. Richard Ellis and Connell Wilson advised Royal Mail; Hoddell Stotesbury acted for Eagle Star; and DTZ Debenham Thorpe advised CNT.
Sir Idris Pearce is to join the RICS’ 100-strong Urban Regeneration Forum, which was unveiled in June. He is already deputy chairman of the Urban Regeneration Agency. The URF was formally launched at the Birmingham Heartlands Development Corporation this week.
Newcastle Quayside Developments, an AMEC subsidiary, has started work on the first building at the 25-acre Quayside site in Newcastle, Tyne & Wear. The 18,000-sq ft building has been presold to the North of England Protecting & Indemnity Association. Knight Frank & Rutley and Storey Sons & Parker are the letting agents.
Anglo International Holdings has bought 70-72 Northolt Road in the London Borough of Harrow, for almost £1.7m. Providing 17,251 sq ft of offices the properties produce £245,625 pa and are let to Unisys. D E & J Levy acted for the vendors. Hill Woolhouse and Adam Beck & Associates advised the purchaser.
Hammerson UK Properties has let three units in Grimsby’s Freshney Place ShoppingCentre in Humberside. Partners is taking a 25-year lease on a 1,895-sq ft shop at a rent of £60,500 pa; the Movie Store has taken a 20-year lease on a 905-sq ft unit at £52,500 pa; and Millies Cookies/Baskins Robbins has negotiated a new 25-year lease on a 295-sq ft shop at a rent of £15,000 pa. Churston Heard and Donaldsons are joint agents.
