commercial property

News

Bringing High Powered EV Charging to Commercial Tenants

Knight Frank Investment Management is partnering with EV charging company Mer to install charge points at more than 100 client-owned sites in the United Kingdom. Karl Anders, Mer UK managing director, explains: “Following an in-depth tender process, it is a privilege to become the exclusive EV charging partner for a leading real estate investment manager.…

design

Port One Logistics Park Expands with Four New ‘Zero Carbon’ Units

Port One Logistics Park development in Suffolk is nearing completion of four new pre-let warehousing units following a £20 million commercial loan from Secure Trust Bank (STB) Real Estate Finance. According to developer Curzon De Vere, the units have been constructed with ‘eco credentials’ in mind, and feature EV charging ports and PV panels. The…

News

Work to Commence on Sustainable Milton Keynes Office Redevelopment

Developer the RO Group will shortly start work on a substantial refurbishment of Silbury House in Milton Keynes, adding to the greenest city in the United Kingdom‘s ambition of becoming carbon neutral by 2030.  Inspired by the many projects of the city’s Sustainability Team, such as its Energy Mapping Report, Cycling Strategy, and Display of Energy Certificates…

News

Making an Industrial Unit Fit for the Future

UK fit-out and refurbishment contractor Pexhurst has refurbished the net zero Carbon in Construction DC4 unit at the West Midlands’ Prologis Park Ryton, achieving an EPC A22 rating. The refurbishment ensures 166,820sq. ft. of industrial space is fully renovated and ready to let. DC4 is located on Prologis Park Ryton, just minutes from the M6…

ESG

Acquisition of Spanish Supermarkets for European Food Retail Strategy Fund

Savills Investment Management has acquired two new Aldi supermarkets in Spain for its European Food Retail Strategy fund. The fund now has capital commitments from German institutional investors of around €370 million, raised since 2020. The first supermarket in Alzira, Valencia was acquired from developer Ten Brinke at the end of June and comprises around…

Commercial Real Estate

Historic San Francisco Art Institute Campus with Diego Rivera Mural Goes on the Market

Cushman & Wakefield has been retained to sell the historic San Francisco Art Institute campus at 800 Chestnut Street in one of the city’s largest offerings of private property for several years. Cushman Aerial view of the San Francisco Art Institute Campus. The property includes education structures that are designated designated as ‘City Landmark #85’…

design

Wood Investments Companies Acquires Former Tower Records Building in Brea and Signs UFC Gym as Tenant

Wood Investments Companies, Inc., has recently completed the acquisition of the former Tower Records building in downtown Brea, California. The property, situated in the heart of Brea’s bustling shopping and entertainment district, was purchased in March 2022. Wood Investments Companies has now announced the signing of a lease agreement with UFC GYM, a major brand…

News

Hays Leases New Southampton Office

Hays Specialist Recruitment has signed a 10-year lease at One Dorset Street in Southampton with RO Group. The global provider of workforce and recruitment solutions identified the property, which has been substantially refurbished, as their preferred long term re-location option in the city as it best serves their practical needs as well as conforming with…

Best Practice

Fires in Unsprinklered Buildings: Deploying Resources Proportionately

Tom Roche, Secretary of the Business Sprinkler Alliance (BSA), explains why careful allocation of fire service and water resources is required to protect commercial and industrial facilities from potentially devastating fires. In recent weeks the same pattern has been repeated in the news of industrial and warehouse fires; images of a significant fire, large plume…

News

Commercial Workspace Opens in Sale Regeneration

The opening of a new co-working space in Sale on the outskirts of Trafford, Greater Manchester, represents a major milestone in the regeneration of the town. Located in the heart of Sale’s Stanley Square shopping centre development, The ClassRooms comprises a collection of innovative commercial spaces. The cutting-edge development, which was recently praised by Member…

News

Cohen Affiliate Acquires 599,500 SF of Industrial Assets in Glendale

Cushman & Wakefield recently provided advisory services to US Capital Development (USCD) in the sale of a newly built 599,486-square-foot (SF) Class A industrial building in Glendale, Arizona to an affiliate of Cohen Asset Management, Inc. Phase I of Falcon Park 303, the target of the US $81.7 million acquisition, was completed on a speculative…

FM Magazine

Headwinds Looming Over U.S. Office REITs

Ana Lai, Senior Director Real Estate, S&P Global Ratings, says the office real estate market in the United States is deteriorating, pressured by longer-term secular headwinds from remote working and near-term cyclical risks from a slowing economy and weaker job growth, and explains recent rating actions following a portfolio review of office REITs. We expect…

News

Andron to Deliver Cleaning Services at Out-of-Town Business Community

Andron has secured a three-year cleaning contract at Birchwood Park, the largest out-of-town business community in North West of England. Located at Warrington, Cheshire, Birchwood Park is home to multiple companies operating in the nuclear industry including Jacobs and Rolls-Royce. With high-quality, flexible office space, co-working spaces, industrial units, meeting and events facilities, green spaces,…

News

11 Westferry Circus Contract

MAPP has selected Jaguar Building Services to deliver mechanical and electrical (M&E) maintenance services at 11 Westferry Circus on the upper level of Westferry Circus in London’s Canary Wharf development for a fixed 3-year term following a competitive tender process. The 140,000 sq. ft building is occupied by the Deutsche Börse Group and benefits from…

News

Regional UK Law Firm Expands House Building Practice

Thames Valley law firm Boyes Turner LLP has appointed a non-contentious construction specialist and a planning law consultant to its property development and house building team. Lawrence Bruce joins as Head of Construction, with Simon Dimmick joining as a planning law consultant. Bruce has extensive experience of all of the major forms of building and engineering…

News

Bevan Brittan Advises West Oxfordshire District Council on Shopping Centre Acquisition

Commercial law firm Bevan Brittan have advised West Oxfordshire District Council on the purchase of a shopping centre. The deal sees the district council taking control of Marriotts Walk shopping precinct in Witney, as part of its plans to boost the town centre. The 4.9 acre site was built in 2007 and includes 21 lettable business…

News

Magnetar Capital Refinances UK Town Centre Retail Acquisitions

Leumi UK has provided £38 million of loans to US-based alternative asset manager Magnetar Capital to refinance the purchase of town centre shopping schemes in Perry Barr near Birmingham and Corby in Northamptonshire. One Stop Shopping in Perry Barr is a 382,856 square feet shopping centre and retail park, while Corby Town Centre & Willow…

ESG

Acquisition Strengthens Infogrid ESG Commercial Real Estate Reporting Capabilities

SaaS building intelligence provider Infogrid has acquired Aquicore, a leading ESG data and analytics company that empowers real estate institutions to take the actions necessary to achieve net zero carbon.  The announcement comes off the back of a period of high growth for Infogrid. In response to increasing demand from customers grappling with rising energy…

Construction

Construction to Start at £26M Lancashire Industrial Park Project

Building work commencing in December will deliver 405,000 sq ft of industrial and commercial space at a new £26 million industrial and commercial park on the historic 21-acre Botany Bay site in Chorley, Lancashire. On completion, the new development will feature 33 units for light industrial and commercial use ranging in size from 1,000 sq…

News

Almost Half of Smaller UK Landlords Planning to Expand Portfolios

According to the latest survey from Handelsbanken, 49 per cent of small and mid-sized professional landlords with a minimum of four properties in the UK are planning to increase their portfolios in the year ahead, as optimism about residential and commercial property builds despite fears of an economic downturn and the cost of living crisis.…

FM Magazine

Building Maintenance, Insurance and the ‘New Normal’

Cluttons’ Head of Project and Building Consultancy Robert Burke and Ben Warman, Partner, Real Estate & Construction at Lockton, discuss the implications of the UK’s Covid-19 lockdowns on building maintenance and insurance practices. Covid-19 has caused, and continues to cause, extraordinary levels of disruption to the real estate sector and the insurance market that serves…

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