K&K Property Holdings makes London debut with £130m Covent Garden deal December 18, 2019 Hong Kong’s K&K Property Holdings has made its first investment in the London market with the acquisition of an office block in Covent Garden for £130m. Tenants in the 90,916 sq ft tower include co-working firm The Office Group and Marathon Asset Management. Read more: Central London office take up surges as fintech sector grows [...]
City Moves for 29 November – who’s switching jobs at CBRE, Co-operative Bank and Genesis? November 28, 2018 Who’s moving jobs? CBRE Global real estate advisor, CBRE, has appointed Colin Elliot to lead its corporate capital markets business, part of CBRE Capital Advisors. The appointment is a key strategic hire for the Capital Advisors team as it looks to optimise the potential for growth of this important business sector, providing strategic financial advice [...]
Seven firms suspend UK property funds as virus casts uncertainty over assets March 18, 2020 Aberdeen Standard Investments and BMO have joined five other firms who have suspended their property funds after independent valuers introduced material valuation uncertainty clauses due to the coronavirus outbreak. The UK commercial property market is facing unprecedented challenges brought on by the pandemic. Valuation firms are now saying that they can no longer make reliable [...]
Barings sells listed St James’s office building for £71m February 17, 2020 Real estate investment manager Barings has sold a Grade II listed office building in St James’s to a German property investor for £71m. Cara Real Estate, the property investment arm of Cara Investments, has acquired 7-10 Waterloo Place, in its second London deal following the purchase of 20 Soho Square for £117m in 2018. Barings [...]
City Moves for 27 September 2018 – who’s switching jobs at CBRE, Invesco and Redridge? September 27, 2018 Today's City Moves cover property, fixed income and due diligence. Take a look at these movers and shakers: CBRE The world’s leading real estate adviser, CBRE, has appointed Chiara Zuccon as a senior director to spearhead debt origination within its market leading development and residential investment team. Chiara is joining from the Royal Bank of [...]
Cushman & Wakefield enters UK’s flexible office market February 20, 2020 Commercial property agency Cushman & Wakefield has entered the UK’s growing co-working market with the launch of a new flexible workplace service. The service – named Indego – will offer landlords design and build, marketing, sales and on-site operations services under a management agreement with Cushman & Wakefield. The service was set up to offer [...]
City Moves for 2 October 2018 – who’s switching jobs at KL Communications, Barclays and CBRE? October 2, 2018 Today’s City Moves cover comms, corporate broking and property. Take a look at these movers and shakers: KL Communications KL Communications, the financial PR and communication consultancy, has hired Charles Gorman to lead its listed company practice. Charles, who joins from Neustria Partners, specialises in advising listed investment and specialty financial companies on their strategic [...]
City Moves for 31 March – Who’s switching jobs at Quantuma, Medica and FRP? March 31, 2020 Today’s City Moves includes Quantuma, Medica and FRP Quantuma Business advisory firm Quantuma has announced the appointment of Philippa Robinson as a director in its corporate finance team. Philippa joins Quantuma after qualifying with KPMG to become a fellow of the Institute of Chartered Accountants in England and Wales. In her role at KPMG, she [...]
UK commercial property rental values boosted by office and industrial sector October 22, 2019 Rental values in the UK prime commercial property market rose slightly in the third quarter driven by a strong performance in the industrial sector. UK commercial property values were up 0.4 per cent as industrial and office rental values increased 1.7 per cent. Read more: Sharp rise in property values for UK’s top shared office [...]
Investors plan to plough billions into UK real estate February 4, 2020 Real estate investors are planning to invest billions of pounds into UK property this year, after the General Election offered some clarity on Britain’s departure from the EU. Investment in the UK’s property market had slowed following the vote to leave the EU more than three years ago. However, the recent Conservative election victory has [...]