| the north east
KIER PROPERTY CONTINUES TO EXPAND DEVELOPMENT IN THE NORTH OF ENGLAND
expand its presence in the North of England from its offices in Leeds, Newcastle and Manchester. The team is focused on their goal of reshaping the landscape and driving their ambitious property programme forward to deliver opportunities in the North across all asset classes. Kier Property is able to use the cash
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flow of its parent company Kier Group, combined with the continued support of co-investors and funders, to positively increase investment and review how it delivers the market appealing product for businesses of the future. Understanding occupiers’ requirements has remained a critical element of the company’s design focus and has helped to generate a development pipeline across the UK in excess of £1.4bn; 80% of this is outside London. Kier Property helps clients to maximise their return on investment and delivers a
ier Property, the development arm of the Kier Group, has continued to
Pall Mall, Liverpool
diverse portfolio of high quality projects for public and private sector clients. A great example of this success is Kier
Property’s partnership with CTP, a Manchester based property development and investment company, being selected by Liverpool City Council to deliver their new
mixed-use commercial quarter, known as Pall Mall. The partnership will procure the scheme in phases over a proposed five year period; creating an extension to the new core business district. The first buildings will offer 500,000 sq.ft of commercial employment use, ultimately creating thousands of new jobs, and along with it, and attracting a work base population to the area. This scheme extends the current 16 live schemes the team has on site and in the pipeline. Kier Property sold its 3 Sovereign
Square development in Leeds to Leeds City Council for in excess of £40m. The 110,000 sq.ft office scheme, a JV between Kier Property and Bruntwood, was reported as the largest UK post-Brexit sale in the week following the referendum vote. Addleshaw Goddard moved into the majority of the
Fountain Street, Manchester
space in October 2016 with the ground floor space let to Caffè Nero and the Co-op. The commercial office market has
11 York Street, Manchester 44
proved to be so successful that Kier Property is actively pursuing further developments in Leeds to help continue the regeneration story. The company also has two prominent schemes in Manchester; Eleven York Street
COMMERCIAL PROPERTY MONTHLY 2017
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