Thu, 14 Jul 2016 | COMMERCIAL PROPERTY
Henderson Global Investors is thought to be planning a sale of the central London-based headquarters of Coutts & Co, the bank which counts the Queen amongst its royal customers, and is also tipped to be working on the sale of a retail store on Oxford Street.
Meanwhile Aberdeen Asset Management is thought to be mulling the sale of a BT office in Leicestershire, and another office development in Hammersmith, London, among others.
Investors are pulling their money out of UK property funds in fear that real commercial property values will tumble, potentially leading to hurried sales of key London properties.
The bosses of seven commercial property funds suspended trading last week, and with the pound at its lowest value since the mid-1980s amid recent Brexit worries, it seems that a door has opened for foreign investors to snap up attractive property in the UK for bargain prices.
Despite the recent fears and slow-down in property deals, however, they are still going through. Just last week, for example, Swedish billionaire Stefan Persson, the chairman of clothing retailer H&M, is understood to have agreed to purchase Debenhams' seven-storey flagship store on Oxford Street in a deal worth around £400 million.
This practice, which was established in 1955, is available for sale due to the impending retirement of the partners. Requirements: One of the partners will be available to assist in the transition period to ensure a smooth handover of clients. Offers...
FREEHOLD
This practice, which was established in 2008, is available for sale due to the impending retirement of the partners. Offers invited.
LEASEHOLD
This practice, which was established in 1985, is available for sale due to the impending retirement of the partners. Offers invited.
LEASEHOLD
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17
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May
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Greater Manchester staffing firm acquires security services company | BUSINESS SALE
A security services business headquartered in Newton-le-Will...
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16
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May
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Midlothian IT company enters administration with assets up for sale | ADMINISTRATION
An Edinburgh-based IT firm has collapsed into administration...
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15
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May
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Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE
Challenge TRG Group, headquartered in Wigan, has successfull...
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