South West

MoD deems Bristol office surplus to requirements despite signing 10-year lease

800 Aztec West already deemed surplus to requirements
  • 32,000 sq ft to be offloaded
  • Building does not meet security requirements
  • Government paying £640,000 of rent each year
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St Modwen furloughs a third of staff as dividend pulled

Joins others including British Land to cancel payout
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U+I sells trio of retail assets

Assets outside of “focus geographies”
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Aldi searches for 1.2m sq ft warehouse in response to coronavirus

Supermarket giant searching across several key locations
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Bristol hotel sells for just over £24m

UK property company has snapped up a hotel at Bristol airport
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Eutopia gets green light for £130m Exeter urban village

400 homes to be delivered on former Network Rail site
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Global giants look to regions as 60,000 sq ft requirement launches

Insurance giant is exploring options for a significant regional hub
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Portsmouth’s Motor Park sells for £30m

UK Commercial Property REIT offloads car showroom asset
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BlackRock primes £66m Bristol office for sale

Latest Bristol office sale set to test investor demand in South West
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