Foreign buyers raise the stakes

Article Abstract:

It is predicted some 200 million pounds sterling has been invested in office properties in Birmingham, England, during Apr 1998-Apr 1999. Many companies are looking for large buildings which has helped to fuel the interest in investment. Some foreign investors, from Germany, the Netherlands and the US, have shown an interest in Birmingham. Deals are mainly for city centre office buildings. Two major deals have taken place, with the 55 million pounds sterling investment by the Universities Superannuation Scheme and the 47 million pounds sterling investment by the German firm Despa.

Investment Offices, Investment Companies, Open-End Investment Funds, Analysis, Investments, Real estate investment, Real estate investments, Birmingham, England

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Central force

Article Abstract:

There has been a significant rise in interest in office property in the centre of Bristol, England. Property agents believe that interest has been boosted by the Harbourside development, where around 23,225 sq mt of offices are being planned by British Land and Crest Nicholson. There is very limited supply of new offices in the city centre, while the supply of refurbished space is close to secondhand unrefurbished. Outside the city centre, the north Bristol office market is now firmly established, with total stock of around 371,600 sq mt.

Design and construction, Bristol, England

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Close competition

Article Abstract:

Legal & General has announced its intention to rent offices at Fitzalan Place in Cardiff, a move which has thrilled the city because it has succeeded in beating stiff competition from all over the country. The West Gate Street complex Park Gate specified its accommodation so well that Legal & General also considered the property but turned it down because at 4,650 square meters it is too small. The Fitzalan Place lease will run for 15 years and has been priced at 161 pounds sterling per square meter.

Contracts, Legal and General Group PLC, Cardiff, Wales

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