Subterms
The 53,750 sq ft, eleven-storey building comprises multi-let office space, including two vacant floors, with restaurant and leisure accommodation at ground level. The rent on acquisition is £800,000, equating to an average rent of £14.50 per sq ft on the occupied office space. The acquisition price equates to a capital value of £710 per sq […] More
Regional REIT achieved a 9.7% increase in the value of its portfolio during 2019 thanks to acquisitions and a small uptick in values, according to it latest trading update. The like-for-like value of the group’s core office and industrial segment , which represents 93.6% of the portfolio by value, increased in 2019 by 1.4%, after […] More
The agency will provide advice on office and retail leasing on Grosvenor’s property in Central London. “We are delighted to appoint Hanover Green who will complement our existing panel bringing a new angle from a niche company who are experts in their field,” said Charles Howard, director of offices at Grosvenor Britain & Ireland. Guy […] More
Last week, it was reported in the US that Knotel had laid off a number of people in New York in the face of high vacancy rates and a drop in leasing activity in the city. In a conference call with journalists last night, Sarva sought to allay concerns about the departures. “24 folks left […] More
US security company HID and parking app RingGo have both signed 10-year leases for the flagship Maplewood building at Chineham Park in Basingstoke. The deals, for a combined 30,000 sq ft of the 90,000 sq ft property, were signed three months after the completion of the building. A third deal has been signed with theme […] More
