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Property News

LondonMetric gets Carter on sale for £130m
LondonMetric has brought an office building in the City of London at One Carter Lane to the market at around £130m — reflecting a yield of 4.5%.
AXA buys former Harper Collins HQ in Hammersmith
AXA Real Estate Investment Managers has completed the acquisition of the former Harper Collins headquarters in Hammersmith from Nordea Property Investment UK.
Brunswick Centre under offer at sub-4% yield
Lazari Investments is under offer to buy the Brunswick Centre in Bloomsbury for more than £135m, at a yield close to 3.6%.
Homebase continues to reduce store count
Home Retail Group will reduce the number of Homebase stores by 25% by 2018, the firm revealed as part of its half-year results announcement.
RBS offloads Bankside 2 and 3
Omnicom has leased Bankside 2 and Bankside 3 on Southwark Street totalling 370,000 sq ft from Royal Bank of Scotland, making it the largest office letting in Southwark this year.
Internos recruits retail expert
Internos Global Investors has appointed Jenefer Greenwood, former CBRE retail head and a Crown Estate commissioner, to its investment board.
St David’s celebrates fifth birthday with record footfall
Cardiff’s St David’s shopping centre has announced 190m shoppers have walked through its doors since opening in 2009, as it celebrates its fifth birthday today.
Dev Secs reports 4.7% NAV increase
Development Securities has reported a 4.7% increase in net asset value in its results for the six months to 31 August 2014.

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