Chinese Institutional Investment in London Commercial Property: Ping An Purchase Iconic Lloyd’s Building

China’s second largest insurance company Ping An is now the first Chinese insurer to invest in London. Previously owned by German asset management fund Commerz Real, the iconic Lloyd’s building designed by Richard Rodgers has now been agreed to go for Sale at £260m reflecting a 6.1% NIY. This news follows a recent increase in […]

London Named Best European City To Invest In Real Estate

Lasalle Investment Management has named London the top city to invest in for Real Estate, overtaking previous leader Munich. Among the reasons are the continued development of the Crossrail system and the Olympic village. On top of that, London attracts influential cash from the Mideast and Asia, helping bolster it from the woes of largely […]

Malaysian Fund Enters London Property Market

According to Dow Jones, Malaysian pension fund Employees Provident Fund is entering the U.K. commercial property market with the purchase of London office building 1 Sheldon Square for more than GBP150 million. The building currently is 50%-owned by Aviva Investors, the asset-management business of Aviva PLC (AV.LN), and 50% by Liquid Realty Partners, Invista Real […]

"Tallest Building In London"

Shard London Bridge will soon take the title of the “Tallest building in London”. In fact, it will be the  UK’s & Western Europe’s tallest building too,  standing at an intimidating 310 metres (1,016 feet) and spanning over 72 floors. The below table shows which buildings have previous held the title, including the reigning tallest […]

Investors Scared Of Investing In Commercial Property Funds

Investors fear they may be left locked into commercial property funds should the market take a turn for the worse. This is what happened in late 2008 and 2009 when investors in New Star, Standard Life, Axa, Aviva and Scottish Widows all found themselves barred from drawing money out of the funds. Investors were tied […]

All change at Shard London Bridge

The Qatari Central Bank and the Sellar Property Group, joint owners of the Shard London Bridge, are reported to have bought out Transport for London’s (TfL) proposed leasehold interest in 18,580 square metres (200,000 square feet) of office space within the building. The rent agreed in 2006 with TfL amounted to £38.50 per square foot. With […]

Increasing Prime Commercial Property Prices Are Unsustainable

Two of the property industry’s leading figures have expressed concern over rapidly rising commercial property prices. London and Stamford’s Raymond Mould and Patrick Vaughn have warned that increasing prices are unsustainable.  Mould said that “in each of my statements over the past 12 months, I have advised caution in the face of a difficult outlook […]

Commercial Investors Look For Safe Bets At Auction

Recent auctions have shown the high demand for safe investments in the commercial property market. At last week’s Allsop auction, Enterprise Inns’s properties sold quickly and much higher than expected. Of the nine public houses Enterprise sold last week, only two were sold within the guide price. The other seven were sold over what auctioneers […]

Colliers Report Huge Losses, but Remain Optimistic

Colliers CRE quadrupled its pre-tax losses to £40 million in the year to December 2009. This was attributed partly to a 26% fall in revenue last year to £57.9 million and also because of a £24.1 million write down in goodwill on its UK business. Colliers chairman Sir John Ritblat said “with our significantly reduced […]

Property Company Raising £470 Million for Acquisitions as Chief Executive Predicts Bottom of the Market is Close

Lend Lease, the Australian developer is raising £470 million to help fund its development pipeline and purchase new assets. The group recently announced a A$204.9m pre-tax profit for the six months ending December 31st. Group chief executive and managing director Steve McCann said “we believe that now is the right time to deploy capital, as […]