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- Battle of buyers in Birmingham’s Cornwall Street
Leaseholder will have to negotiate with freeholder Nurton. David Hatcher reports
- Birmingham Science Park’s digital evolution
Wrenbridge, Vinci Construction, Thomas Vale, Muse, Bruntwood and Trebor Developments with Hortons’ Estate are all thought to be vying to become Birmingham Science Park Aston’s development partner for the park’s next phase, Digital Plaza.
- Labour Party finds new HQ
The Labour Party plans to relocate its headquarters to Victoria, paving the way for British Land to revamp the party’s current offices nearby.
- Shoosmiths seeks fitting offices
Shoosmiths has begun a search for a 40,000 sq ft office in Birmingham city centre. CBRE has been appointed to search for the space. The law firm occupies 20,000 sq ft at Epic’s 125 Colmore Row, which is close to capacity. Its sublease from Lloyds Banking Group expires in 2013. This ties in with a break clause in Lloyds’s 140,000 sq ft lease, which it is likely to activate as it only occupies 85,000 sq ft in the building and is undergoing a rationalisation strategy.
- Inside the deal: Law Society at the Cube
In December, the Law Society, the representative body for solicitors and lawyers, leased 57,290 sq ft at the Cube in Birmingham, consolidating its presence in the West Midlands. However, the process was not all plain sailing.
- Cutts’ ‘country’ retreat
The former headquarters of John Cutts’ Parkridge Holdings in Solihull have been put on the market by receivers at BNP Paribas Real Estate and PWC, which are dealing with the holding company’s administration.
- Helical hammers out asset angles
Helical Bar was today due to announce it had bought an office and retail block in Hammersmith out of receivership, as it pledged to concentrate on central London for the next two years.
- Design squad in place for International Quarter
Lend Lease and London & Continental Railways have drawn up a design panel of top architects for their £1.3bn International Quarter development next to the Olympic Park in Stratford City, east London.
- Silicon implant for Resolution
Resolution Properties has bought 15 Bonhill Street near London’s Old Street roundabout from Land Securities for £33m, reflecting a yield of 6.6%.
- Rocket to remake Old Street block
An unloved block off Old Street roundabout is to be redeveloped into a 150,000 sq ft mixed-use scheme.
- Canada Life to leave Leeds at a loss
Princes Exchange in Leeds has been put up for sale by Canada Life.
- Surrey County Council deploys Dambuster
Search for space reveals no suitable site anywhere within county boundary. Sarah Stewart reports
- Peakside launches 80 Hammersmith Road
European private equity house Peakside Capital has launched 80 Hammersmith Road, a 41,700 sq ft Grade A office redevelopment in London’s Hammersmith.
- Office take-up in the South East up by 6%
The South East office market saw a 6% increase in take up in 2011 compared with 2010, with space transacted in the region totalling 4.38m sq ft, research from Strutt & parker has shown.
- Peel puts Castlefield block up for sale
Peel Holdings has put a Grade II-listed mixed use building in Castlefield in Manchester city centre.
- Colliers names West End office agency head
Colliers International has appointed a new head of West End agency from its Birmingham office.
- Regus opens in Madagascar
Serviced office provider Regus has opened its first business centre in Madagascar.
- Bruntwood sells £42m block
Family-owned north-west developer and investor Bruntwood has sold 1 New York Street in Manchester at a yield of 6.5%.
- CBRE Global Investors exchanges on St Paul's move
CBRE Global Investors has exchanged contracts on its 25,000 sq ft move to Land Securities’ One New Change scheme in the centre of London.
- Exemplar’s Edinburgh escapade: London developer to buy Quartermile scheme
Exemplar Properties is to buy Edinburgh’s most prestigious development site, in a dramatic entry on to Scotland’s large-scale development scene.
