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Romford Debenhams sold for GBP12m

Thu, 05/12/2019 - 09:35

Savills, alongside CBRE, has sold 56-72 Market Place in Romford, currently home to Debenhams on behalf of a private Irish client for GBP12 million.  »

Postal Realty Trust to acquire USD15.5m portfolio

Thu, 05/12/2019 - 09:33

Postal Realty Trust, an internally managed real estate investment trust that owns properties leased to the United States Postal Service (USPS), is to acquire a portfolio (Portfolio) of 22 properties leased to the US Postal Service for approximately USD15.5 million. »

PATRIZIA secures 87,000 sq ft of new lettings at 40 Grosvenor Place

Wed, 04/12/2019 - 17:16

PATRIZIA has secured three new tenants representing 87,000 sq ft of lettings at 40 Grosvenor Place, London, SW1, a prime Belgravia office property, where it is currently undertaking a refurbishment. »

Cromwell appoints Chief Financial Officer Europe

Wed, 04/12/2019 - 10:58

Real estate investor and manager Cromwell Property Group (Cromwell) has appointed Nigel Batters as Chief Financial Officer, Europe, with effect from April 2020. »

CBRE agrees Frame lease at Angel Central in Islington

Wed, 04/12/2019 - 10:49

Specialist London-based operator Frame has opened its 5,200 sq ft fitness studio at CBRE Global Investors’ Angel Central, Islington. »

Cluttons hires new head of portfolio and lettings management

Wed, 04/12/2019 - 10:43

Property consultancy Cluttons has hired Eve Larard-Tansley as head of portfolio and lettings management.  »

Columbia Pacific Advisors arranges USD28m to refinance Long Island City self-storage development site

Wed, 04/12/2019 - 10:29

Columbia Pacific Advisors Bridge Lending, a platform within Columbia Pacific Advisors, has provided a USD28 million loan to refinance a self-storage development in Long Island City, company executives announced. »

Savills IM prefers long-lease income in 2020

Wed, 04/12/2019 - 09:46

Savills Investment Management (Savills IM) prefers long-lease income streams in 2020 instead of value-add and opportunistic strategies that depend on economic and strong employment prospects. »

Proptech increases the value of real estate and appeals to Generation C employees

Tue, 03/12/2019 - 15:24

Class B and C buildings, and even certain Class A properties, need to be modernised in order to be attractive to future managers and investors, according to Velis, a provider of property management software. And raising standards is also essential in terms of attracting Generation C employees in the labour market. »

Pantheon appoints Global Head of Private Debt

Tue, 03/12/2019 - 14:52

Pantheon has appointed Rakesh (Rick) Jain as Partner and Global Head of Private Debt based in the firm’s New York office. »

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