One of Yeovil’s historic glove-making buildings is to be the subject of a £7 million development.
The project, named Yeovil Vision, is part of the local partnership South Somerset Together and will provide the area with modern office space in addition to retail, accommodation and restaurant facilities.
In 2009 the city centre of Liverpool recorded record office lettings of over half a million square feet.
The Liverpool Commercial Office Market Review has revealed that the record-breaking levels come on the back of two large public sector deals with the UK Border Agency and Merseytravel.
Dutch electronics company Phillips has unveiled the country’s first LED office building.
London’s Tower 42, one of the most sought after locations in the capital, has been entirely fitted out with LED lighting in an effort to significantly lower the property’s energy consumption. The conversion is estimated to save 40% on electricity when compared with traditional light bulbs.
Having been open for business for under 12 months, Orega’s Beehive business centre is now 80% occupied after attracting 2 new tenants.
A total of £1.2 million has been invested in the project to turn the Beehive into high-tech, modern offices with sympathetic styling and conference and meeting room facilities. The building, which has a striking art deco design, was the Gatwick airport’s original terminal and is managed by the office provider on a 10-year lease.
A property in Edinburgh’s new financial district, Fountainbridge, has been sold to Cordea Savills in a deal worth over £21 million.
Edinburgh Quay 2, already home to tenants such as Baker Tilly and Barclays bank, is part of a new region of the Scottish city’s financial district and currently attracts rents between £27.50 and £30 per square foot.
HELLO Northwest is a regional project designed to encourage overseas investment by providing free office space in select locations across the North West.
The ‘soft landing’ scheme, which provides companies with up to 12 months rent-free, serviced accommodation, launched earlier this week. Free accommodation will be accompanied by a variety of other business development services provided by the North West Development Agency (NWDA), including expert advice and assistance to companies looking to relocate to the region.
The real estate investment trust, Shaftsbury, has signed tenants for 3 of its properties in St. Martin’s Courtyard.
The facility contains 69,000 square feet of office space, in addition to a number of shops and restaurants, and is part of a joint venture between Shaftesbury and the Mercers’ Company.
Network Rail is to build its new headquarters in Milton Keynes after the council’s Development Control Committee approved plans in a meeting earlier this week.
The state of the art national centre will provide the company with 400,000 square feet of office space and create 3,000 jobs, centralising operations spread across the country.
