Thu, 04 Nov 2010 | BUSINESS SALE
The UK's largest property company, Land Securities, is poised to make its largest acquisition since the credit crunch began.
The firm is currently negotiating the purchase of the 420,000 sq ft Overgate shopping centre in Dundee, Scotland.
One of the Scotland's largest malls, Overgate will be sold at a yield of around 6.8 per cent and has a price tag of £140 million. The centre will be purchased from a group of investors led by Lend Lease, the Australian development company.
Land Securities had announced that it was looking to make purchases within the retail sector following predictions from its chief executive, Frances Salway, that there would be a 'wave of sales' in that area.
Another shopping centre to come onto the market is Drake Circus in Plymouth, which Land Securities is also considering bidding for. A number of other investment trusts are also said to have expressed an interest in the centre, which is a distressed sale.
The rising number of distressed commercial properties on the market is encouraging a wave of interest from developers and investment groups. However, Overgate in Dundee is not a distressed sale.
Green Sustainable Energy owns a wind turbine in West Yorkshire that sells clean renewable electricity to the grid.
Premier provider of carpentry and joinery in London and counties, catering to a diverse clientele encompassing luxury and mid-range property developers, main contractors, and discerning private clients.
A concept which led to revolutionizing the restaurant industry, offering an efficient and profitable approach to food production and targeted marketing.
|
29
|
|
Nov
|
Bathroom products firm Roxor saves 151 jobs by buying rival | BUSINESS SALE
Bathroom products group Roxor has bought rival the Robert Le...
|
29
|
|
Nov
|
Management buy-in at recruiter Recolution | MBO/MBI
Cardiff-based recruitment company Recolution Group has under...
|
29
|
|
Nov
|
Aliter dials up purchase of secure mobile communications group | BUSINESS SALE
Private equity group Aliter Capital has dialled up an acquis...
|
29
|
|
Nov
|
Aliter dials up purchase of secure mobile communications group | BUSINESS SALE
Private equity group Aliter Capital has dialled up an acquis...
|
29
|
|
Nov
|
Management buy-in at recruiter Recolution | MBO/MBI
Cardiff-based recruitment company Recolution Group has under...
|
29
|
|
Nov
|
Bathroom products firm Roxor saves 151 jobs by buying rival | BUSINESS SALE
Bathroom products group Roxor has bought rival the Robert Le...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.