British Land agrees record City rent for Cheesegrater, 'buy' says Liberum
30th Oct 2014 10:43
Broker Liberum reiterated its 'buy' recommendation for British Land after reports the company let one floor of the 'Cheesegrater' building in London's Leadenhall Street for a record amount. British Land and Oxford Properties agreed a deal to let the 41st floor of the 122 Leadenhall St building to in
Read moreSector movers: Cyclicals slump, defensives rise as risk appetite wanes
10th Oct 2014 14:06
Cyclical sectors such as mining and oil services were bearing the brunt of the market sell-off on Friday as fears about a global economic slowdown prompted investors to scale back risk appetite. Mining heavyweights such as Antofagasta, Glencore, Fresnillo and BHP Billiton were all under pressure as
Read moreBritish Land to develop leisure site next to Drake Circus Shopping Centre in Plymouth
30th Sep 2014 08:45
British Land has struck a deal with Plymouth City Council to develop Drake Circus Leisure, a 100,000 square foot site located next to its Drake Circus Shopping Centre in Plymouth city centre. The £40m development will include a 12-screen cinema operated by Cineworld, 13 restaurant units and 450 car
Read moreLondon close: Stocks end with modest gain, but down on week overall
26th Sep 2014 16:48
UK stocks ended the final session of the week with a modest rise, although on the week the index was significantly lower. The FTSE 100 closed 9.68 points higher at 6,649.39. Markets are concerned about mounting geopolitical tensions, with the government due to take a vote on whether to participate
Read moreFriday broker round-up UPDATE
26th Sep 2014 08:38
Balfour Beatty: Deutsche Bank ups target price from 245p to 270p upgrading to buy. Betfair: JP Morgan raises target price from 1050p to 1175p leaving its neutral rating unchanged. British Land: Societe Generale upgrades to buy with a target price of 780p. Dairy Crest: Investec cuts target price fr
Read moreBritish Land fully lets new Victoria Street development
23rd Sep 2014 08:25
Property group British Land has confirmed that it has fully let its recently completed development at 39 Victoria Street in London. The letting of the nine-storey building follows a number of others for the company and means its West End office portfolio now has a 96% occupancy rate, up from 88% at
Read moreLondon pre-open: FTSE due for small gain ahead of construction PMI
2nd Sep 2014 07:42
London-listed stocks are expected to register a modest gain on Tuesday morning, as investors gear up for a busier second half of the week and see the reopening of US markets after the long weekend. City sources predict the FTSE 100 will open around seven points higher than Monday's close of 6,825.
Read moreBritish Land leases unit at Kent retail park to Metro Bank
2nd Sep 2014 07:19
British Land has leased a 5,300 square foot unit at its Nugent Shopping Park in Orpington, Kent, to Metro Bank. The real estate group said that the deal makes "good use" of the relaxation in planning policy earlier in the year, which allowed the change of use from retail classifications A1 to A2.
Read moreBritish Land fully lets Regents Place after agreeing new lease
1st Sep 2014 08:14
Property group British Land has fully let its Regent's Place site in London's West End after The Guinness Partnership agreed terms for the final remaining accommodation at 30 Brock Street. The Guinness Partnership, a charitable housing association, has signed a 10-year lease for the accommodation
Read moreLondon pre-open: Little change expected on FTSE at opening bell
1st Sep 2014 07:47
UK stocks are expected to open little changed, despite a decent session in Asia overnight. City sources predict the FTSE 100 will open just two points below Friday's close of 6,819.75. The Hang Seng, Jikkei and Shanghai Composite all performed well overnight, following a strong finish in the US o
Read moreBritish Land lets more space at part-owned Cheltenham retail park
29th Aug 2014 07:36
Property group British Land announced on Friday that a joint venture of its part-owned Hercules Unit Trust (HUT) has seen six new lettings at its Gallagher Retail Park in Cheltenham. The Gibraltar Limited Partnership, equally owned by HUT and The Crown Estate, said that occupancy at the park has no
Read moreLondon pre-open: FTSE to follow US stocks higher after long weekend
26th Aug 2014 07:45
London-listed stocks are set to track the strong gains seen in the US on Monday night as trading resumes after the long bank holiday weekend. City sources predict the FTSE 100 will open around 32 points higher than Friday's close of 6,775.25. Monday's session saw the S&P 500 at one point edge pas
Read moreBritish Land lets further 36,000 sq ft at Wheatley Retail Park
26th Aug 2014 07:41
British Land has let a further 36,000 square foot (sq ft) at Wheatley Retail Park in Doncaster after Next and Marks & Spencer Simply Food agreed terms for two new units. Next will increase its letting to 23,518 sq ft with a full cover mezzanine floor, on a 15-year lease, whilst Marks & Spencer Sim
Read moreFTSE 100 movers: CRH continues to fall after interim results
20th Aug 2014 15:59
One of Wednesday's biggest fallers was building materials group CRH, which has seen shares fall since delivering its interim results on Tuesday morning. The company said the sector had had an "encouraging" start to the year, but that it had been trading against a backdrop of "modest, if mixed recove
Read moreBritish Land sells £26m Soho building to Amazon Property
20th Aug 2014 07:39
Property group British Land has sold its 20,500 square-foot office building at 52 Poland Street in London to Amazon Property for £26m. The sale of the Soho asset, which reflects a capital value of nearly £1,300 per square foot, "attracted very strong interest", according to British Land's head of o
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