Ignition key

Article Abstract:

A 15 million pounds sterling shopping centre development in Uxbridge, England, is set to be the driving force behind a revival of property development work in the town. Other planned schemes in Uxbridge include the creation of a piazza opposite the Civic Centre. Office property rents have risen significantly in recent months as a result of strong demand and limited supply. A few developments are planned, including a 1,217 sq mt office building by London & Metropolitan Estates and Barclays Property Investments.

Subdividers and developers, not elsewhere classified, Land Subdivision and Land Development, Shopping Center Developers, Shopping centers

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Trafalgar's Baltic deal stuns City

Article Abstract:

Swiss insurance concern Swiss Re has agreed to purchase the former Baltic Exchange site in London, England, for around 85 million pounds sterling. It now seems likely that developer Trafalgar House will construct a 400 million pounds sterling, 69,675 sq mt headquarters building for Swiss Re on the site. However, there are a number of obstacles to overcome, including the fact that the Baltic Exchange is still listed. The deal is also subject to obtaining planning permission.

Insurance, Insurance Carriers and Related Activities, INSURANCE CARRIERS, Insurance industry, London, England, Buildings and facilities, Swiss Reinsurance Co.

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Crossing the threshold

Article Abstract:

It is likely that speculative office developments will begin to emerge in many parts of the UK in the near future, as rents have risen to levels at which such schemes become viable. There are now many office sites with planning consent in large cities, but developers have become extremely cautious. Funding is now much more difficult to obtain than it was during the last property market boom, and now only the highest quality schemes will attract adequate financing.

Forecasts and trends, Real estate industry

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