Creative solutions for business space
The Thames Valley office market received an early Christmas present this week with a double letting boost in Reading. In the larger deal online retail payment group CyberSource has leased 20,000 sq ft at Reading International Business Park near junction 11 of the M4 on the edge of the town. Read More
Oil giant BP has exchanged contracts with Scottish Widows to base its 68,000 sq ft headquarters at New Square, Bedfont Lakes, near Heathrow, in what is a major confidence boost for the south west London office market. BP will take buildings one, five and seven on the business park on Read More
Investor demand for industrial property in the south east of England has been highlighted with Legal & General buying six London industrial estates from Segro for £38.2m. L & G has bought the estates, in Park Royal, Poyle, Haringey and Poplar and which total 450,000 sq ft, at a net Read More
Bray Fox Smith, the niche commercial property consultant, has announced the appointment of Sim Khatkar as a partner. Sim becomes Bray Fox Smith’s first appointment since it was formed by the founding partners in early 2009. Prior to joining Bray Fox Smith, Sim was head of the national office agency Read More
In the last week, Pharmaceuticals company Astellas Pharma announced it will move its headquarters to Chertsey in the South East region’s largest occupational deal, while the banking group, ING Direct, also instructed its agents to review options in the Thames Valley region ahead of a 2014 lease expiry at its Read More
DTZ was in the business paper headlines this week after the surprise resignations of its senior management team. Chief executive Paul Idzik, formerly of Barclays, was appointed to lead the company’s turnaround and departs after nearly three years in charge. Bob Rickert, another former Barclays executive, who was DTZ’s finance Read More
The south east office market could witness its largest occupational deal this year if pharmaceuticals company Astellas Pharma moves its headquarters to a Chertsey office park. The company is believed to be in negotiations to purchase the former EA Games European Hillswood headquarters for a approximately £17m. It is looking Read More
Kajima, the Japanese construction company, represented by Bray Fox Smith, has relocated its UK headquarters to new offices at 55 Baker Street, London W1. The new office space was taken on a 10-year sub-lease from BDO with a break option after five years and 20 months’ rent free. Kajima will Read More
Much has been made of the JLL and King Sturge deal in the last ten days but let’s face it a merger it is not. JLL is BUYING King Sturge. In many respects there are similarities with this country’s coalition government – the real power lies with the Tories or Read More
Strong investor demand for south east office and industrial property portoflios has been highlighted in three deals reported this week. The three portfolios were all purchased by investment fund and turn-round specialists and sold for over their asking prices at yields of between 7% and 7.5%. They comprised: six multi-let Read More
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