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Archive for the 'Press' Category
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The fragmenting effect of Local Enterprise Partnerships could lead to the West Midlands falling further behind other parts of the UK
Splitting up the area currently covered by Advantage West Midlands into around six Local Enterprise Partnerships (LEPs) will adversely affect vital fledgling sectors such as knowledge-based businesses, reports David Hardman, managing director of Birmingham Science Park Aston.
Located on the edge of the city centre, Birmingham Science Park Aston – which has recently re-branded – is [...] -
FIDELITY PURCHASES £22.7m MIDLANDS PROPERTY PORTFOLIO FROM IM PROPERTIES
Fidelity’s UK Real Estate Fund has purchased a £22.7m portfolio of modern industrial and office buildings across the Midlands from IM Properties, reflecting a net initial yield of 8.9 per cent.
Comprising 250,000 sq ft of quality accommodation across a mixture of single let and multi let assets, the portfolio is currently let to 13 tenants including Severn Trent, [...] -
REDEDICATION CEREMONY HELD FOR WAR MEMORIAL
St. Modwen, the developer behind the new £33million Warwickshire College Rugby Centre has hosted a rededication ceremony for the newly relocated British Thomson-Houston (BTH) war memorial in Rugby.
Comprising a Grade 2 listed landmark monument and two memorial benches, the war memorial is a key part of the town’s history, dating back to 1921. It has [...] -
LONGBRIDGE DEMOLITION CLEARS THE WAY FOR FUTURE DEVELOPMENT
St. Modwen is continuing to clear the way for future employment and residential space at Longbridge, with the demolition of 270,000 square feet of empty buildings off Lickey Road.
Situated on the Longbridge North area of the £1 billion regeneration scheme, the Paint Plant A and Dalmuir buildings were once part of the car production plant [...] -
ELEVEN BRINDLEYPLACE NAMED BEST COMMERCIAL WORKPLACE
The British Council for Offices (BCO) has recognised Argent’s Eleven Brindleyplace as one of the finest workspaces in the Midlands & East Anglia at its annual regional awards.
Eleven Brindleyplace was named Best Commercial Workplace for being a carefully considered, high quality multi-let office building. The judges thought that this was an architecturally impressive building and [...] -
DRIVERS JONAS DELOITTE SECURES PLANNING FOR NEW BIRMINGHAM TRAVELODGE
The Birmingham office of Drivers Jonas Deloitte has secured planning approval for the development of a new Travelodge in Birmingham city centre on behalf of Realis Estates.
The £7 million project will see the development of an 88 bedroom hotel and a 4,000 sq ft retail unit within the scheme’s ground floor, street facing level. The [...] -
A MIXED BUDGET FOR PROPERTY: DELOITTE AND DRIVERS JONAS COMMENT
REITs
Phil Nicklin, Real Estate Tax Partner at Deloitte, comments on the impact of today’s Budget on the Real Estate Industry:
“Numerous changes were unlikely, given that this was an Emergency Budget in an election year. The new Government’s confirmation that they will carry through the previously proposed changes to the REIT regime regarding stock dividends [...] -
Opus Serves Up A Summer Treat With Tempting Market Menu
Opus Restaurant is now offering its popular Market Menu to lunchtime diners with a complimentary glass of champagne throughout August, as the celebrations for the restaurant’s fifth birthday gather pace.
Priced at just £30 per person, the three course Market Menu features two choices per course together with a glass of Champagne. Available from Tuesday to [...] -
BRINDLEYPLACE ACQUISTION COMPLETED BY HINES GLOBAL REIT AND MOORFIELD
Hines Global REIT and Moorfield have completed the £190m acquisition of eight buildings at Brindleyplace in Birmingham from The Brindleyplace Limited Partnership. From the parties’ initial interest, the deal has been completed in just three months and is one of the largest property deals to be concluded in the UK this year.
The deal involves office [...] -
HINES GLOBAL REIT AND MOORFIELD INVEST IN BRINDLEYPLACE
(LONDON) – The UK office of Hines, the international real estate firm, announced today that Hines Global REIT and Moorfield, the UK real estate private equity investor and fund manager, have concluded negotiations for the acquisition of properties at Brindleyplace, from The Brindleyplace Limited Partnership. The properties consist of five prime office buildings including ground-floor [...]