Heron appoints Savills for City tower mandate March 14, 2012 HERON has appointed Savills as the leasing agent for the Heron Tower in the City as the company kicks off a new marketing campaign in May to lease the remaining floors of the skyscraper. Savills has won the prized mandate after Heron decided last month to shake-up its leasing teams as part of a new [...]
High hopes for UK at Hines and CBRE March 6, 2012 HINES’ new UK managing director said there were “trillions” waiting to be invested into London in the years to come, highlighting that the city remained one of the most attractive global cities to invest in amid the turmoil in the Eurozone. Ross Blair (pictured) told City A.M. at the Mipim conference in Cannes yesterday that the [...]
Ulster Bank set for €1bn sale of property assets March 6, 2012 ULSTER Bank, the troubled Irish business unit of Royal Bank of Scotland, is readying itself to sell off assets worth €1bn (£833m) according to a source close to the situation. This could see Ulster Bank competing against the state-run National Asset Management Association (NAMA) in trying to offload property portfolios in Ireland. Ulster Bank, which [...]
CITY MOVES | WHO’S SWITCHING JOBS March 6, 2012 Peel Hunt The independent full-service broking and advisory house has announced the appointment of Charles Batten. Batten is a highly regarded name in UK mid and small cap corporate advisory with over 30 years’ experience in M&A, corporate broking and equity capital markets at Lehman, Dresdner Kleinwort and Investec. He said: “Since the buy-out in [...]
North American investors surge into London office market March 1, 2012 NORTH American investors now account for a quarter of all cross-border purchases in the central London office market, according to figures from CBRE, the world’s largest commercial property business. The influx of buyers from the US and Canada has seen their share of central London office transactions conducted by foreign investors jump from 10 per cent [...]
North American investors surge into London office market March 1, 2012 NORTH American investors now account for a quarter of all cross-border purchases in the central London office market, according to figures from CBRE, the world’s largest commercial property business. The influx of buyers from the US and Canada has seen their share of central London office transactions conducted by foreign investors jump from 10 per cent [...]
CITY MOVES | WHO’S SWITCHING JOBS March 1, 2012 Hanson Green The board level search firm has appointed two new directors. Graham Jones and Abdul Bhanji are founder members of The Inzito Partnership, an executive search firm founded in 2009 by partners from Blackwood Group, PwC and Whitehead Mann. Before moving into recruitment, Jones worked at IBM and PwC, where he specialised in technology, [...]
CUSHMAN POACHES CBRE DUO February 28, 2012 ANOTHER week, another staffing coup in the property world – this time costing CBRE two star agency directors, Digby Flower and Andrew Parker. After a 17-year stint at CBRE, where he was a member of the Central London Board, Flower told City A.M it was time for a change and looks forward “to bringing some [...]
CITY MOVES | WHO’S SWITCHING JOBS February 23, 2012 Deloitte Mike Sobers has been appointed as a partner to Deloitte’s enterprise risk service practice, a 1,000-strong team of professionals in the UK dedicated to helping businesses solve complex risk and control issues. Sobers joins Deloitte from Aviva, where he was the audit director with global responsibility for technology and project audit. During this time, [...]
PROPERTY NEWS February 23, 2012 LONDON OFFICE TAKE-UP POSITIVE Central London office take-up has seen a positive start to 2012 despite figures being below December levels. With some 840,000 sq ft transacted in January, take-up was 38 per cent higher than the same time last year, according to research by global property adviser CBRE. Docklands saw the largest increase, with [...]