Derwent London Re-enters Commercial Property Market

Property group Derwent London has re-enetered the commercial property market for the first time in three years with the £147m acquisition of an office building on London’s Tottenham Court Road. The  FTSE 250 company bought Central Cross from Glebe Holdings, a property group backed by HBOS’s investment arm, Bank of Scotland Corporate, as a cornerstone […]

Rush for Kilmartin and Annfield Assets

Scottish property company, Kilmartin Holdings, has gone into receivership, leaving Lloyds Banking Group facing a loss of at least £200 million. Kilmartin Holdings and Kilmartin Property Group were handed to PricewaterhouseCoopers, the accountant, late last week, whilst another subsidiary, Annfield Assets, went into administration. More than 100 parties have contacted PricewaterhouseCoopers over the disposal of […]