Following the recent lettings to Boots and Clintons, Crystal Peaks Shopping Centre. Sheffield, has attracted more retailers to the recently opened West End Extension.
Powerhouse will now have a retail unit in Bicester open for trade before Christmas 1998. Hartnell Taylor Cook, acting jointly with Lambert Smith Hampton, have let Unit 3, providing circa 889.5 sq m (9,575 sq ft) to Powerhouse Retail Limited, by way of a new 25 year full repairing and insuring lease. Powerhouse will join other tenants Homebase, Nevada Bob, A Touch of Pine and Motavation. This latest letting leaves just 570.6 sq m (6,142 sq ft) remaining available. Century Place, Bristol Now 60% let The successful lettings campaign at Argent/Hermes’ Century Place development in Bristol continues with two more lettings having been concluded by joint letting agents Hartnell Taylor Cook and Alder King.
JJB Sports plc has secured 12,000 sq ft on a 15 year lease at a rental of £115,000 per annum with upward only rent reviews.
Sage Group Plc, the accounts software company, has taken 239.49 sq m (22578 sq ft) of accommodation on a 10 year lease at a rental of £28,360 p.a., equating to £11.00 per sq ft. GB Mailing Ltd has aquired 45 5.86 sq m (4,907 sq ft) of first floor offices on a new 10 year lease at a rental of £54,000 per annum, equating to £11.00 per sq ft. Century Place is a prominent office building fronting Newfoundland Street, providing 3,330.50 sq m (35,850 sq ft) of high quality office accommodation. Other tenants in the building include Scottish Widows and ADS Telemarketing. Wilkinsons has taken the anchor store in the extension, totalling 40,139 sq ft on a 15 year lease, a fixed uplift at year 5 and an upward rent review at year ten, rising to 60,000 per annum. JJB Sports plc has secured 12,000 sq ft on a 15 year lease at a rental of £115,000 per annum with upward only rent reviews.
Bewise have also relocated to the new extension and have taken a much larger unit of 7,765 sq ft on a 15 year lease at a rental of £112,000 per annum with upward only reveiws. Commenting on the latest deals, Robert Dawson, Portfolio Manager at Landlords, Hermes, said: We have been delighted with the quality of retailer interest in the new extension and are very close to making announcements on three further units. Conveyancing work is by and large a real exhibit and it might be portrayed as a legal trade of title of a touch of home from one single individual to a further, which is most momentous inside the case of a purchase.
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Carisbrooke Investments, the fast growing company set up recently by Nic Rumsey and former Gerald Eve partner Neil Young, has bought two property investment portfolios for £82.625 million. The purchase has been financed by a 10 year facility from Hypo Vereinsbank which has a stake in the Partnership.
Sir Jeremy Beecham, President of BURA, said ‘BURA is dedicated to the regeneration of urban and rural areas, and we greatly value the support we are getting from English Partnerships and Newcastle University, which will enable our networking activities in the North East to be much more effective.’ The seminar costs £50, including lunch, with concessions for BURA members, community groups and students.
Registration forms and information on future BURA Regeneration Network activities and events can be obtained from: Yasmin Ibrahim, University of Newcastle.
All the first phase land at the 10 acre park has been sold to occupiers including Volkswagen, Audi, Renault, Toyota and Lexus and it is anticipated that the Park will be trading by October 1998. The property conveyancing specialist www.econveyancingbrisbane.com.au will gather cash forthright from the single person and additionally sending directions to the bank or Home loan Organization of the buyer where there’s a home loan propel this will be exchanged on the whole with any equalization needed to the dealer’s specialist’s selected ledger. Phase 1 of Pioneer Park, Bristol, one of the largest dedicated motor showroom parks in the UK has now been completed.
BURA’s network in the North East is sponsored by English Partnerships, and Patsy Healey, Professor of Town & Country Planning at Newcastle University, is assisting with the development and administration of the Network in the region.
The event will look at relevant case histories for best practice examples and will include an optional visit to the Derwenthaugh Cokeworks reclamation. Transactions were concluded at land values ranging from £675,000 to £725,000 per acre. In one of the largest property deals in central Bristol, Mercury Asset Management and St. George’s Securities acquired the site for £3.6 million in 1996 from the Co-operative Retail Society and subsequently obtained outline consent for car showrooms. The concept of a dedicated motor showroom park and the high profile location in the centre of Bristol has guaranteed success. The electrical retailer Powerhouse has taken a unit within Launton Road Retail Park, Bicester, an asset owned by P&O’s subsidiary Charlwood Alliance Holdings Limited.
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The availability of a significant strategic site like Seaton Barracks is exactly what this part of the region needs to establish it as a major location for investment. In our time as conveyancing solicitors in Melbourne, we have seen what’s coming to us of people skip or hustle this part and live to mull over it. The site will take three – five years to complete, with the first 7,300 sq m of new space expected by the year 2000. This is excellent news, not only for Plymouth but for the Westcountry as a whole.
English Partnerships today gave Plymouth one of the best Christmas presents ever, with its announcement that it has purchase Seaton Barracks and is committed to begin works on a £6 million scheme to transform Seaton Barracks into a major new industrial and commercial site for the City.The site was vacated by the MoD in 1995, when it became surplus to requirements. Without English Partnerships’ support, and the City Councils decision to zone the site for employment uses.The release of the land for development means Plymouth will be able to compete as a top location for inward investment and create additional jobs in successful larger local companies looking to expand in the City.
It is estimated that the 38 hectare site will create over 1,000 new jobs. Lack of large, available development sites particularly those over 10 ha. (25 acres) has previously meant the City has missed out to other parts of the UK in the battle to secure investment and jobs. Additional investment, by English Partnerships will be used to clear the redundant military buildings and to put new roads, services and infrastructure in place.
Dating back to 1915, the existing Portland stone and granite facade is some 100 metres long by 30 metres high. Having undergone many alterations over the years, it will be partially dismantled, cleaned and restored to its original appearance. Extensive temporary support will be necessary while this work is in progress. As a long-established contractor working in central London, Kvaerner Trollope & Colls’ extensive experience on retaining historic facades was a key factor in securing the project.
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Monica Blake led the D J Freeman team acting for L’Oreal which included Moira Fraser (planning), Graham Chase (tax) and Tim O’Hara (construction). You don’t lawfully need to captivate a transport, however knowing the ins and outs of property conveyancing melbourne reviews can be hard for the layman.
The building was originally constructed in the 1960s and comprises a 4 storey, selfcontained office building totalling approximately 2,541 sq m (27,350 sq ft).
The building has been substantially refurbished with new roof, windows and entire internal fitout. The extensive refurbishment, which includes 87 car parking spaces, was completed on 30th September. Kvaerner Trollope Colls has been awarded a 30 million office redevelopment contract involving restoration of a massive landmark frontage on the corner of Kingsway and the Aldwych.
‘Dating back to 1915, the existing Portland stone and granite facade is some 100 metres long by 30 metres high.
Broadfield House, owned by Chelsfield Plc, has been let to HM Publishers Holdings Limited, a subsidiary of Macmillan Limited. The initial rental is £353,350 (approx. £12.90 psf) pax with a 4 month rent free period.
The major demolition and reconstruction scheme at St Catherine’s House, former home of births, deaths and marriage registrations, is the latest in the company’s long tradition of preserving some of the capital’s best-loved features. Awarded by Inassist Ltd, the contract involves building the shell and core for a new 22,000 square metre office development with nine storeys plus a basement behind the existing retained frontage.
Having undergone many alterations over the years, it will be partially dismantled, cleaned and restored to its original appearance. Kvaerner Trollope & Colls’ extensive experience on retaining historic facades was a key factor in securing the project. Working on a restricted site facing one of London’s busiest junctions and surrounded by the London School of Economics, Kvaerner Trollope & Colls will be taking special steps to minimise noise and disturbance to neighbouring occupiers.
t will erect four acoustic screens seven storeys high within adjoining lightwells and the rear access area. the screens will remain throughout the demolition and reconstruction phases of the project, due for completion in spring 2000. The 93-week programme includes construction of new piled foundations and basement slab, plus the erection of 1,800 tonnes of structural steel frame linked to the existing facade columns.
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Jon Crossfield, aged 29, was an Associate in DTZ and joined Jones Lang Wootton as an Associate from 23rd November.
Since its creation in 1991, the London based EBT has offered investors objective advice on opportunities across Europe based on Jones Lang Wootton’s leading European research capability, and has worked with investment professionals in the fum’s European wholly-owned network of over 40 offices in 19 countries to provide clients with effective service delivery. Its transactions-with-advice service has helped establish JLW as a European leader in real estate investment advisory and transactional services.
Chris Stavely, aged 25, joined on 19th October. Both worked for several years as members of DTZ’s international team, concentrating on London acquisitions on behalf of major German institutional investors. Their new roles will offer them broader opportunities to work with Jones Lang Wootton’s investment teams across Europe to meet expanding demand for the firm’s cross border investment services.
The experience Jon and Chris bring will boost our capacity to serve the growing demands of our clients in this area’.
Cross-border sales and acquisitions have averaged about 40% by value of Jones Lang Wootton’s transactions in Europe in the 1990s and we believe the introduction of the euro will stimulate greater cross-border activity. Beyond question the talented conveyancing solicitors will manage the entire work and you won’t have to face any trouble of trading the title. L’Oreal, the French cosmetics giant employing more than 48,000 people worldwide, has chosen Hammersmith for its new UK headquarters.
Standard Life’s 110,000 square feet Focus West office development, on which construction commenced in July, has been pre-let to L’Oreal on a 15 year lease at an annual rent in excess of £3,000.000. L’Oreal will be relocating from its existing offices to Join other world leading brands such as Coca-Cola, Disney, Heliiz, Polygram and Seagram in Hammersmith.
Gerald Bland led the Herbert Smith team acting for Standard Life which included Pamela Kendall (property), Vanessa Lattimore (planning), Fintan Clancy (tax), Miranda Ramphul (construction) and Ian Gosling (Paris).
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When you’ve taught your settlement agent perth legal advisor, they’ll send you out a starter pack – a basic poll that furnishes a conveyancing attorney with some fundamental data about the property, including; points of interest of any current home loan, some ledger subtle elements and your individual data. In a unique partnership between a local council and private enterprise, Coventry is today announcing the formation of what is said to be the UK’s first joint-venture company to manage an entire city centre. Called City Centre Company (Coventry) Limited, its board comprises members of the local council, local businesses plus representatives from some of the UK’s top property owners and retailers.
The new company will take immediate responsibility for the cleaning, lighting, security, parking, signage, greening and decoration of the City. While respecting City traditions, Liz Millett’s intention is to take a fresh look at the City from all angles. The role of the Company also encompasses cooperation in promoting Coventry as a location for investment by companies relocating or setting up subsidiaries from the UK and abroad.
Says Millett, Active town centre management is very much the buzz phrase around the country at the moment, but we believe we are the first to form this type of city centre partnership. Our prime aim is to bring vitality and prosperity back into the City Centre, to make it a great place to live in, work in and to visit – particularly as a prime shopping venue.
Apart from the City Council, other members of the board include representatives from Prudential Portfolio Managers Limited whose portfolio includes some 22 shopping centres throughout the country, Land Securities, the UK’s largest property investment and development group, Boots The Chamber of Commerce, Coventry & Warwickshire TEC, the vicar of Holy Trinity Church and Euro Travel travel agency.
Today sees the formation of our new company and towards the end of the year, we will be releasing fuller information on both our detailed strategy and plans over the next few years, adds Liz Millett. I have long been impressed by the way Coventry City Council has worked with the police and local businesses to tackle crime and disorder.
I wish this venture every success in providing a safer city centre for local people to use. The strength of retailer confidence in The Telford Shopping Centre continues with the news that JJB Sports Plc is to opena new superstore. The Centre has seen a constant increase in shoppers and owners USS have just completed a new £6 million car park, which brings the total number of car parking spaces at Telfor 3,770.
JJB Sports has taken the assignment of the lease, formerly occupied by Be Wise, and is situated at 43/35 Southwater, close to Holland & Barratt, Game and Abbey National.
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Working on a restricted site facing one of London’s busiest junctions and surrounded by the London School of Economics, Kvaerner Trollope & Colls will be taking special steps to minimise noise and disturbance to neighbouring occupiers. It will erect four acoustic screens seven storeys high within adjoining lightwells and the rear access area.
Constructed with scaffolding and steelwork supporting baffle boards of plywood and rockwool, the screens will remain throughout the demolition and reconstruction phases of the project, due for completion in spring 2000. The 93-week programme includes construction of new piled foundations and basement slab, plus the erection of 1,800 tonnes of structural steel frame linked to the existing facade columns.
The contract will deliver approximately £2.5 million of additional income to Chesterton FPM over the period, starting January 1997. As well as winning the facilities management contract for the first further education project under PFI in Scotland.You should appoint the experienced conveyancer for performing the process of property conveyancing which is legal and complex to handle by the people making first time access to this process. This contract is the first of its kind and goes a long way towards demonstrating Chesterton’s commitment and support of the government’s Private Finance Initiative. The 25 year tenure of this contract has been won through our focus on the delivery of life cycle management for our clients’ property assets.
The consortium responsible for the delivery of the new £3.6 million Centre is led by The Gleeson Group and comprises.
• The Bank of Scotland, Canmore Partnership, Noble & Company and Reiach & Hall Architects.
• Chief executive is Coventrian Liz Millett, the former head of corporate strategy at Birmingham Airport.
• Clarendon College in Nottingham and the North West Institute of Further and Higher Education in Londonderry, adds Ken Thomson.
• The Centre will be in the Springkerse area of Stirling in central Scotland and will offer places for up to 400 students studying a number of subjects such as Business, Computer Science, Health Care, Travel Management and Administration, and Tourism.