Posts Tagged ‘real estate companies’

Hammerson plc acquires virtual freehold of 99 Bishopsgate, London EC2

Comments Off | 07-14-2011

Hammerson plc has acquired a 999-year leasehold (virtual freehold) interest in 99 Bishopsgate, London EC2, from PRUPIM acting on behalf of the Prudential Assurance Company Ltd for £100 million, including costs.
99 Bishopsgate is a 26-storey tower providing 31,500m2 of office accommodation in the centre of the City of London. It is occupied by a number

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British Land buys modern, high quality property in Maidenhead town centre for £74 million

Comments Off | 07-1-2011

British Land announced Wednesday that it has purchased Grenfell Island, a prime office and leisure scheme totaling 198,000 sq ft in Maidenhead town centre, for £74 million representing a net initial yield of 7.5%.
The property comprises 113,000 sq ft of high quality, flexible office space let to Hutchison 3G UK Ltd, as the UK headquarters

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Bosideng purchases Property to Construct Landmark Building

Comments Off | 06-21-2011

Bosideng International Holdings Limited, the largest down Apparel Company in China, announced that it has acquired a property at 28 South Molton Street near the Oxford Street shopping area in the West End of London at a consideration of HK$240 million.
The property will be turned into the Group’s down apparel and menswear flagship store and

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Jones Lang LaSalle Merges with the UK’s King Sturge

Comments Off | 05-30-2011

Global commercial real estate firm Jones Lang LaSalle (JLL) announced it will merge with international property consultancy King Sturge.  The combined firm will be the clear leader in the UK and also in continental Europe, with greatly enhanced strength and depth of service capabilities across the region that will directly benefit the clients of both

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Leaders Lettings acquires the largest specialist lettings agency in East Anglia, JSM

Comments Off | 05-27-2011

Bowmark Capital, the mid-market private equity investment firm, Thursday announced the acquisition of JSM Property Management (JSM) by its portfolio company, Leaders Lettings, the UK’s largest dedicated residential lettings and property management agency.
JSM is the leading specialist lettings agency in East Anglia, with six branches, in Cambridge, Ipswich, Lowestoft, Woodbridge and Norwich.
Since Bowmark backed the

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GVA acquires leading UK leisure property specialist

Comments Off | 05-6-2011

GVA is to acquire Humberts Leisure, a leading UK leisure property specialist. GVA will complete the acquisition of the business later this month, creating one of the UK’s strongest leisure offers.
The new leisure unit, to be named GVA Humberts Leisure, will bring together the specialist leisure advisory expertise of Humberts Leisure, GVA’s existing hotels and

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Hammerson plc to acquire a portfolio of six assets from St. Martins Property Investments Ltd for £208 million

Comments Off | 03-25-2011

Hammerson plc has reached an agreement for the acquisition of a portfolio of six assets from St. Martins Property Investments Limited. The investment is for a consideration of £208 million. Hammerson’s initial commitment, including transaction costs, is £221 million. Passing rents on the properties are £17.2 million, and after taking account of vacancy charges and

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UK Commercial Property Trust purchases St. George’s Retail Park, Leicester, from a JP Morgan Asset Management fund

Comments Off | 02-16-2011

UK Commercial Property Trust announced it had purchased St. George’s Retail Park, Leicester, from a fund managed by JP Morgan Asset Management. The transaction is pegged at 49.9 million pounds. UK Commercial Property Trust is managed by Ignis Real Estate.
St. George’s Retail Park is an Open A1 retail park (with food) prominently located within Leicester

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Sahara India’s subsidiary Aamby Valley buys London’s Grosvenor House Hotel from Royal Bank of Scotland

Comments Off | 01-1-2011

Sahara India’s subsidiary Aamby Valley announced it had bought London’s Grosvenor House Hotel from the Royal Bank of Scotland for 470 million pounds, approx Rs.3,300 Crore. The acquisition is expected to enable Sahara group establish its foothold in the international luxury hotel market. It plans to add restaurants, including Indian restaurant Namak, a business centre,

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Peel Group acquires major shareholding in leading UK shopping centre owner Capital Shopping Centers Group

Comments Off | 11-29-2010

Peel Group announced it had gone into an agreement that will see it acquire a major shareholding in Capital Shopping Centres Group Plc (CSC). Capital Shopping Centres Group plc is the leading UK shopping centre owner. Its majority stake will be acquired by Peel Group via an equity investment of £75 million and the transfer

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