INDUSTRY NEWS

AMB lets east London property

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San Francisco development and industrial real estate firm AMB Property has let out 178,000 sq ft of its new industrial development in east London. The commercial property measures 320,000 sq ft in total – and AMB bought it over as recently as October of this year. Its first let is to direct mail company DSICMM. […]

INDUSTRY NEWS

Aziz sent back to drawing board

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Westminster Council has recommended that Asif Aziz’s Criterion Capital go back to the drawing board and redesign its submission for a new 503-bed hotel on the site of the Trocadero. The council’s planning office had recommended that the £100 million overhaul of the Shaftesbury Avenue site be approved. But councillors deferred their decision on the […]

INDUSTRY NEWS

Mapeley announces pre-tax loss

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Mapeley has reported that it registered a hefty pre-tax loss from operations over the nine months to September 30th – despite the fact that its gains from funds from operations went up by 16.7 per cent over the same period. The company specialises in providing commercial property management services to firms with large real estate […]

INDUSTRY NEWS

Four buyers listed for Metropole

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The list of bidders hoping to secure Crown Estate’s Metropole building in the West End has shortened to just four. Stanhope, backed by Singapore real estate CapitaLand, and Exemplar, which is funded by Morgan Stanley Real Estate Funds (MSREF) are the two English companies currently left in the bidding. Ballymore, an Irish developer who is […]