Land Securities today announces that it has completed the sale of The Printworks, Manchester to DTZ Investors for £108 million. Redeveloped and reopened in 2000, The Printworks is the premier Manchester city centre leisure destination, covering 368,770 sq ft over four floors. The landmark site is anchored by the 20 screen Odeon cinema, which houses the only IMAX screen in Manchester. In addition, there are 17 food and drink
Despite some concern surrounding potential relocation of companies based in the UK, demand from overseas buyers was up notably across all areas of the market in Q4 2016. Demand increased for a second straight quarter with the growth in enquiries gaining momentum, as 21% more respondents saw a rise in demand in Q4 up from 9% more in Q3. Foreign investment also saw a rebound, with the weaker exchange rate
UK prime commercial property rental values increased by 0.4% in the final quarter of 2016, the lowest quarterly growth in 2016, according to CBRE’s latest Prime Rent and Yield Monitor. Prime yields remained relatively stable across the main sectors in Q4. Prime rents grew by 3.7% over 2016 as a whole, down on growth in 2015 of 5.0%, with Q1 and Q2 making the most significant impact on the full
Alistair Meadows has been appointed head of UK Capital Markets at JLL where he will oversee the strategic direction of investment for the firm’s UK clients. He will formally take up the role from the 1st January 2017. The appointment follows the recent promotion of current head of UK Capital Markets Chris Ireland to UK CEO. JLL’s Capital Markets team is the market leading Investment group in the UK with
Willmott Dixon’s track record for building ultra energy efficient property has seen it awarded the £17.5m contract to construct Bristol’s first commercial office space to be BREEAM 2014 Outstanding. It’s the latest low carbon milestone for the company that recently completed the UK’s largest non-residential Passivhaus facility, University of Leicester’s Centre for Medicine, and the BREEAM Excellent One Central Square, a grade A 135,000 square foot office development in Cardiff.
Housing regeneration specialist, Lovell has been chosen to deliver a £7.4 million housing redevelopment programme for housing association, Greenfields Community Housing, who are based in Braintree, Essex. The scheme will see the demolition of 40 unsustainable 1950s concrete-framed Unity homes in Kelvedon, Essex, which will be replaced with 64 modern houses and flats in Church Road, Croft Road and Thorne Road. High levels of insulation and other low-carbon measures will