29 Jul 2014
Freehold retail inve…
Hartnell Taylor Cook LLP, acting on behalf of C A Pilgrim Properties Limited, has sold the…
Freehold retail investment sold in Plymouth
Hartnell Taylor Cook LLP, acting on behalf of C A Pilgrim Properties Limited, has sold the freehold interest of Coypool Retail Park, Marsh Mills, Plymouth to Triple Jersey Limited for £3,800,000. The property comprises 3 retail units forming part of Coypool Retail Park, let to Harveys Furnishing Group Limited for 25 years from 1998 with 5 yearly rent reviews, and Furniture World Limited for 10 years from May 2010. The total rental income for all 3 units combined is £379,000, and the price reflects a net initial yield of 9.4%. Hartnell Taylor Cook LLP advised the vendors, C A Pilgrim Properties Limited and DBA LLP advised the purchasers.
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Hat Trick of deals h…
Sunderland has witnessed a resurgence of investment activity with institutional investors …
Hat Trick of deals highlights investor interest in Sunderland
Sunderland has witnessed a resurgence of investment activity with institutional investors showing keen interest in the city's retail and leisure sectors. Property adviser, DTZ's sale of the Wilkinson's department store on Fawcett Street in Sunderland for £7.5m reflecting a net initial yield of 7.1%, typifies this confidence in the city. The property is a 108,000 sq ft former House of Fraser department store let for a further 11 years. The purchaser, AUB CPIF trust was represented by Knight Frank. Richard Turner, Senior Investment Director at DTZ's Newcastle office commented: "There was strong interest in this asset from a wide range of investors, attracted by the security of income and prime city centre location, together with a very well trading store. The forthcoming…
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CWLEP welcomes £1bn …
Coventry and Warwickshire will receive a multi-million pound boost from a new initiative t…
CWLEP welcomes £1bn Advanced Propulsion Centre
Coventry and Warwickshire will receive a multi-million pound boost from a new initiative to help develop vehicles of the future. The University of Warwick is the location for the nationwide Advanced Propulsion Centre (APC) which was formed to channel £1 billion into the UK’s automotive industry over the next ten years to help develop, commercialise and manufacture advanced propulsion technologies in the UK. Automotive propulsion focuses on the research, development and commercialisation of technologies for vehicles of the future. The APC, in partnership with the Department for Business, Innovation and Skills and the Technology Strategy Board, is part of the government and automotive industry’s aim to put the UK at the global centre of low carbon propulsion development and production. The initiative will mean…
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Bristol's space race…
Above-average levels of new city-centre office lettings and a sharp bounce back in occupie…
Bristol's space race as occupier demand continues sharp bounce back
Above-average levels of new city-centre office lettings and a sharp bounce back in occupier demand for office space in Bristol have continued apace across the second quarter of 2014. The astonishing space race has also seen strong rebounds in both the Grade B and out-of-town lettings markets, according to the latest regional office market report from GVA. GVA's Big Nine research underlines the growing strength of occupier demand that underpins this renewed confidence: Bristol city centre had encouraging levels of take-up in the second quarter at 179,628 sq ft, 57% above the five- year average. Total take-up in the same time period across the nine cities surveyed in GVA's report was 15% above the five-year quarterly average, at 2.85 million sq…
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Birmingham agent hel…
Shortland Penn + Moore’s Birmingham office has helped a buyer purchase a 1.3 acre property…
Birmingham agent helps strike Worcester deal
Shortland Penn + Moore’s Birmingham office has helped a buyer purchase a 1.3 acre property in Worcester. St. Modwen sold the investment on the Great Western Business Park to Wulstan Capital for £365,000. It is one of four purchases completed by Wulstan Capital this month, with a further four in solicitors’ hands, which total £4.7 millon. The property, which is currently used as a concrete batching plant, is let to Hanson Quarry Products on a 20-year lease from November 2013. The current rent is £22,500 and the deal reflects a net yield of 5.88 per cent for the purchaser. David Allen, director of Shortland Penn + Moore, said: “I know there was very strong interest in this property, with more than 20 bids put…
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Bioscience business gets a boost
A pioneering Nottingham bioscience firm that conducts lifesaving research aimed at identifying new medicines is set to expand its scientific capabilities thanks to a £59,200 grant. Aurelia Bioscience Limited based at Nottingham’s BioCity incubator centre, is at the cutting edge in…
Hampshire Chamber set to talk business at annual conference
The boss of the UK's leading port operator, the founder of an award-winning personal lubricants firm and a lead generation specialist whose own company has increased turnover by 40% every year in the past decade - Hampshire Chamber of Commerce…
Freehold retail investment sold in Plymouth
Hartnell Taylor Cook LLP, acting on behalf of C A Pilgrim Properties Limited, has sold the freehold interest of Coypool Retail Park, Marsh Mills, Plymouth to Triple Jersey Limited for £3,800,000. The property comprises 3 retail units forming part of Coypool…
Top compliance accreditation for SERS
Staffordshire-based SERS Energy Solutions Group - one of the UK’s leading experts in energy-saving technology and construction – has successfully achieved exor accreditation, demonstrating its ability to meet the rigorous pre-qualification requirements in the private and public sectors. SERS, which has…
St. Modwen completes new flagship ambulance facility at £210m Skypark development
St. Modwen, the UK’s leading regeneration specialist, has completed and handed over a new flagship operational ambulance facility for South Western Ambulance Service NHS Foundation Trust, at its £210m Skypark scheme in Exeter. Ian Guy, Senior Development Manager for St. Modwen…
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Flying start for Enscite
Since its launch three months ago, Enscite,…
Alder King appointed to lead Regus search in South West…
Property consultancy Alder King has been appointed…
Welsh Government support will accelerate job creation in Wrexham
Avox Limited, which plans to double its…
Two graduate surveyors join LSH in Birmingham
Two new graduate surveyors have been appointed…
Two new appointments at CBRE Bristol
Leading property advisers CBRE has today announced…
Market Harborough commercial market update from Wells McFarlane
Fast becoming recognised as one of the…
Recruitment company supplies staff for nearly 70 new posts being…
Wild Recruitment in Portsmouth has won a…
New Subway store creates 12 jobs at Victoria Junction A30
A brand new Subway store has opened its…
REI to buy prime Warwick investment
Real Estate Investors plc (REI), the Birmingham-based…
GDP figures “testament to resilience of British business” – and…
Commenting on the latest economic growth figures,…
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Latest News
29 Jul 2014
Bioscience business gets a boost
A pioneering Nottingham bioscience firm that conducts lifesaving research aimed at identifying new medicines is set to expand its scientific capabilit…
29 Jul 2014
Hampshire Chamber set to talk business at annual conference
The boss of the UK's leading port operator, the founder of an award-winning personal lubricants firm and a lead generation specialist whose own compan…
29 Jul 2014
Freehold retail investment sold in Plymouth
Hartnell Taylor Cook LLP, acting on behalf of C A Pilgrim Properties Limited, has sold the freehold interest of Coypool Retail Park, Marsh Mills, Plym…
29 Jul 2014
Top compliance accreditation for SERS
Staffordshire-based SERS Energy Solutions Group - one of the UK’s leading experts in energy-saving technology and construction – has successfully achi…
London and South East latest
Berry Recruitment acquires PRC
23 Jul 2014
Berry Recruitment has acquired Croydon-based PRC Employment bringing its total number of branches across the country to 27. PRC will continue…
Thrings appoints new partner to bolster employment law…
22 Jul 2014
Leading commercial law firm Thrings has strengthened its employment law offering to domestic and international clients with the appointment of…
Vail Williams' recruitment drive answers increasing demand and…
22 Jul 2014
A national recruitment drive in response to increasing demand and powerful business growth has brought a fresh cohort of experts…
Willmott Dixon’s specialist London team secures more commercial…
21 Jul 2014
Willmott Dixon’s specialist London commercial building team has secured another project in the heart of the capital. In a further sign…
C&W appointed for Old Spitalfields retail property management
21 Jul 2014
Cushman & Wakefield, the world’s largest privately-owned commercial real estate services firm, has won the retail property management mandate at…
Long leasehold interest of 27 Austin Friars, EC2…
17 Jul 2014
Harbor Group International has sold their long leasehold interest in 27 Austin Friars, EC2 in the City of London for…
South East offices investment surpasses £1bn in H1
17 Jul 2014
Latest figures from Knight Frank reveal that investment in the South East office market broke through the £1bn mark in…
Berkshire Investment Capital sells Hayes industrial unit for…
16 Jul 2014
Berkshire Investment Capital, advised by Smith Young Real Estate and JLL, has completed the sale of Unit 1 at it’s…
Key appointments point to strategic growth for LSH
15 Jul 2014
Commercial property consultancy Lambert Smith Hampton (LSH) has appointed Heads for its Cambridge and Milton Keynes offices to build on…
Enterprise Rent-A-Car wins sustainability gold for new HQ
14 Jul 2014
Enterprise Rent-A-Car, part of the world’s largest car rental group, has opened its new SKA Gold-rated EMEA HQ in Egham,…
Q2 2014 London commercial property investment totals £3.38BN…
10 Jul 2014
Cushman & Wakefield, the world’s largest privately-owned real estate services firm, has revealed £3.38 billion worth of central London commercial…
Disappointing SE offices H1 2014 take-up but reasons…
10 Jul 2014
Fortunes in the South East office market continue to be mixed with improving levels of occupier demand set against disappointing…
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