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  • Share in the light

    Kames Capital, the owner of The Light, one of Leeds’ newest shopping centres, is offering a 50% share of the freehold of the asset for a price of around £52.025m, as a means of helping to diversify its existing property portfolio.
  • Elmwood moves down river to Water Lane

    Global brand design consultancy Elmwood has moved its 60-strong Leeds team to a new headquarters on Water Lane, following a five-year search to find city centre office space.
  • Frederick snaps up Brighouse site

    Industrial manufacturer Frederick Crowther & Sons has bought the freehold interest on a 50,125 sq ft unit at Locksley Road in Brighouse from Threadneedle Pensions in a deal arranged by Gent Visick.
  • Knight Frank takes on Park Place

    Knight Frank has been appointed as the marketing agent for 33 Park Place, a flagship office building in central Leeds.
  • Three pronged expansion in media centre

    Three companies based at the Round Foundry Media Centre in Leeds have expanded into larger office space following a period of sustained growth.
  • Fund insight promised at event

    A seminar for property professionals in the North East of England, on bidding for the region’s multi-million pound Growing Places Fund, has had to change venue due to high interest in the event.

  • Month-on-month results remain flat

    Performance in the UK's commercial property sector in August changed little on the previous month, with total returns of 0.2%, and values falling by 0.3%. Year to date, capital values are down 2.9% with total returns at 0.9%. Central London remains the key performer, with values still growing whereas elsewhere values continue to fall, according to CBRE’s latest Monthly Index.

  • Property group in the red

    Property group, UK Commercial Property Trust, tumbled into the red in the first half  of the year, with the firm posting a pretax loss of £4.43m, against a profit of £32.8m the same half the previous year.

  • Gap widens for buyers

    The cost of buying a home in England has risen by over three times the rate of the average salary within 10 years, new research reveals. The National Housing Federation reportedly said that in 2001 the typical price of a house was £121,769, while the average salary was £16,557. But 10 years later the price of a home had increased to around £236,518, a 94% rise, despite the sluggish state of the housing market in recent years.

  • Guildhall deal awarded

    Redevco has awarded a £1.05m new contract to AKP to refurbish the first floor of The Guildhall, one of Glasgow’s most centrally located offices, as part of an overall £1.2m package of improvements. AKP, headquartered in East Kilbride, will revamp the entire first floor of the historic The Guildhall in Queen Street, which was Scotland’s first ever atrium office scheme.

  • Hotels confront the elements

    Property investor and developer Lugano Group has agreed lease terms with Motel One, an ascendant European hotel group. The budget operator has 40 hotels in Germany and Austria and two coming up in Edinburgh, but Newcastle will be England’s first. It will retain existing frontage of High Bridge and create a new build block behind the street in Half Moon Court.

  • AkzoNobel has a home

    The sale of land where AkzoNobel will build its new £100m UK paint making centre at Ashington has been completed. Onsite North East, a private/public partnership between Langtree and the Homes and Communities Agency, has completed the 25 acre deal at Ashwood Business Park.