Johnsons cars secures site for new dealerships

Johnsons Cars' new Volkswagen dealership, Solihull

Three new car dealerships, including flagship Volkswagen and Volvo showrooms, are to open in Solihull.

The dealerships will be based on the former Dave & Busters restaurant site on the Stratford Road after it was acquired by Johnsons Cars. Continue reading

Brum’s grade A office take-up fuels fears of supply crisis

The take-up rate of Grade A office stock in Birmingham city centre is set to hit 225,000 sq ft, according to predictions by Colliers International.

The firm’s latest Net Stock Absorption Survey shows the city centre has enjoyed its highest quarterly take up for nine months, with recent high profile lettings to The Ministry of Justice (38,000 sq ft at Axis, Holiday Street) and Deutsche Bank (27,600 sq ft at Baskerville House). Continue reading

Birmingham dealmakers advise on Promanex sale

The Birmingham offices of Deloitte and Eversheds have advised the shareholders of industrial support services specialist Promanex on its sale to London listed Costain Group PLC for a total consideration of £18.8 million.

Warwickshire based Promanex provides a range of services in the management, operation, maintenance and repair of customers’ sites and plant assets, including hard and soft facilities management. The company’s client base consists largely of major blue chip customers such as EDF, E.ON, Magnox, RWE, Scottish and Southern Energy, Siemens and Total.

Continue reading

Out-of-town office specialist to join Colliers International

Douglas Bonham is to join Colliers International as a director in its Birmingham-based office agency team.

Mr Bonham, an associate partner at KWB, where he has worked for six years, will join Colliers International in October 2011.

He will work alongside Colliers International’s Birmingham head of office agency, Craig Satchwell, heading up out-of-town offices, covering the East and West Midlands. Mr Satchwell will continue to focus on the city centre market.

Continue reading

HSBC appoints CB Richard Ellis Group, Inc as global property adviser for 72 million sq ft portfolio

2 August, 2011 –CB Richard Ellis Group, Inc. (NYSE:CBG) today announced that it has been appointed by HSBC to serve as Global Strategic Property Portfolio Manager and Regional Transaction Partner in the Europe, Asia, North America and Latin America regions. HSBC’s global property portfolio comprises more than 7,500 properties with approximately 72 million sq ft located in 87 countries.

CBRE has been selected as the exclusive Global Strategic Property Portfolio Manager and the exclusive Regional Transaction Partner in Europe. CBRE will be a Shared Delivery Partner for transactions in Asia Pacific, North America and Latin America. Continue reading

CBRE gets stamp of approval on Mailbox

2 August, 2011 – CB Richard Ellis has been appointed to market 45,000 sq ft of office space at The Mailbox.

New owner of the mixed-use development, Brockton Capital, has appointed the property consultancy to let the former Post Office sorting office, on a sole agency basis, following a pitch against several other regional and national consultancies. Continue reading

Regeneration duo join Colliers International

L-R: Will Evans, Steve Compton and David Smeeton

The Birmingham office of Colliers International has boosted its regeneration and public sector capabilities with the appointment of two new consultants.

Will Evans is one of the Midlands’ best-known regeneration experts. Formerly development director at Walsall Regeneration Company, and latterly at Wolverhampton Development Company, Will was responsible for promoting the economic growth of the Black Country towns, and delivering a number of high profile public/private partnership developments including Wolverhampton’s City Canalside, Giga-PORT in Walsall, and the Walsall Waterfront.

An architect by profession, Will has also worked as a development surveyor, and in both the public and private sector.  He is chairman of the Birmingham Forum for the Built Environment. Continue reading