News BRIEFS


Cash injections into the London office market by global investors will continue until at least 2016, according


to research unveiled at MIPIM by Jones Lang


LaSalle. Some £52bn of overseas equity will be


targeting UK real estate, with an emphasis on London, says JLL.


Manchester-based Ask Developments has


announced it will deliver offices at its First Street scheme in Manchester with rents 30% lower


than the city’s central business district. Ask


plans to build up to 1m sq ft of “affordable” offices at the scheme.


Nearly a third of Birmingham retail and office space is owned by international investors, a GVA report has found. Launched today at MIPIM, research


analysed more than 15m sq ft of commercial space in Birmingham’s central business district and found that 20% is wholly owned by overseas investors with a further 12% part- owned. Irish and US investor dominate holding 8% each with German investors holding around 5%.


HOW TO USE THE EG MIPIM DAILYon the iPad. To move to the next page SWIPE your finger across the screen.


PINCH/TAP to enlarge or make smaller





ProspectGB I Understand #Sheffield agents are holding alternative #MIPIM day £1500 behind the bar for an afternoon of hard work! Invite would be nice


EXPRESS PLANS


Miller Developments and Andy Ruhan’s Bridgehouse Capital have submitted a joint planning application for the development of a new 210-bedroom Holiday Inn Express hotel, plus an update to the masterplan at the £400m Arena Central development in Birmingham.


Third of Birmingham CBD in foreign ownership


Grade A office stock is most popular


with foreign buyers with more than half in overseas ownership. Ian Stringer, regional senior director,


GVA, said: “Before undertaking the survey we estimated the figure to be around 20%, so we were surprised it was considerably higher. “This research has provided us with a


definitive assessment of the extent of overseas investment within the city’s central business district, which is outside of public sector ownership.”


ROTATE to change page view between portrait and landscape


PLAY VIDEO by tapping when you see this icon


TAP to see more images when you see this icon


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22