Latest news with #Savills
BBC News
a day ago
- Business
- BBC News
Bid to build 95 new homes in Croft given go ahead
Eleven acres (110, 000sq m) of fields south of the village of Croft in Leicestershire have been earmarked for 95 new homes, despite objections from residents. Estate agent Savills applied to Blaby District Council on behalf of developer Bellway Homes for outline planning permission to construct the new homes. The council received 18 objections to the plan, with concerns raised about the impact the extra homes would have on traffic in the small village, local services, wildlife and the environment. The authority has granted permission for the homes to built in principle, but the developer will need to submit more detailed plans to the council before any construction work can start. Agricultural land which will be lost to make way for the new homes is not considered high enough quality to block the application, the council said. The developer will be asked to make payments of more than £260,000 to support local services which will be put under extra pressure by the new homes. The contributions include £167,122 towards a new sports pitch, £73,568 to support GP services, £9,456 towards secondary schools, £2,267 towards refuse collection and £5,064 for the police.
Yahoo
3 days ago
- Business
- Yahoo
New York's Chrysler Building Is Back on the Market
"Hearst Magazines and Yahoo may earn commission or revenue on some items through these links." The Chrysler Building, one of the most iconic and recognizable skyscrapers in New York City's skyline, is up for sale once again. Back in January, a New York state judge effectively evicted owners RFR Holdings, a real estate investment firm, from the building after not paying their rent. Now, Cooper Union, a private arts and science college that owns the land underneath the skyscraper, has hired British real estate firm Savills to oversee the sale, according to Time Out. Completed in 1930, the Chrysler Building briefly held the title of world's tallest building for 11 months. It stands 1,046 feet tall, with 77 floors. (The Empire State Building, just a few blocks away, surpassed the Chrysler Building as the world's tallest in 1931, standing at 1,250 feet tall, not including its antenna.) Designed by architect William Van Alen, it was commissioned by Walter P. Chrysler as a symbol of the Chrysler Corporation, with its stainless steel spire and ornamented crown. Ownership of the building has changed hands a few times already, for as much as $800 million in 2008 when the government of Abu Dhabi bought a 90% stake in the tower. But then it sold for a shockingly low fraction of the cost at $150 million in 2019 to co-owners Signa, an Austrian real estate company, and RFR, a New York-based development firm. But in 2024, according to the New York Times, Signa filed for insolvency, and an Austrian court ruled that it would have to sell its share of the building. Cooper Union and Savills aren't disclosing the new price tag for the Chrysler Building just yet. Even with astronomical property costs in Manhattan right now, it's questionable how much Savills might be able to fetch. The aformentioned NYT report paints a more dilapidated picture inside of the shining structure on the outside, with tenants complaining about 'bad cell service, the lack of natural sunlight, elevator troubles, murky water coming out of fountains, and pest infestations.' You Might Also Like 12 Weekend Getaway Spas For Every Type of Occasion 13 Beauty Tools to Up Your At-Home Facial Game
BBC News
3 days ago
- Business
- BBC News
Ipswich County Hall sells after two unsuccessful auctions
A Grade II listed building that had fallen into disrepair has been sold after two unsuccessful County Hall on St Helen's Street was put to auction by Savills on 13 May and again on Wednesday, but failed to attract a Tudor-style building came with planning permission to convert the site into 40 new Savills have confirmed a buyer had been found post-auction. "We're pleased to have successfully secured a buyer for the historic Ipswich County Town Hall," Sam Steinberg, of Savills Auctions, said."The sale was agreed post-auction and achieved a price just shy of its guide." The first auction earlier this month had a reserve price of £895,000, but this was not Wednesday, the bidding similarly did not meet a lower reserve of £750,000, although a bid of £745,000 was made.A spokesperson for Ipswich Borough Council added: "It's good to hear that a buyer for County Hall has been found. We encourage them to discuss their plans with the Council as soon as possible."County Hall was where the divorce of Wallis Simpson was granted in 1936 before her marriage to the then King Edward site dates back to 1837 and originally served as a prison and law court before becoming a council building from 1906. Follow Suffolk news on BBC Sounds, Facebook, Instagram and X.
Irish Independent
3 days ago
- Business
- Irish Independent
US tech giant Workday earmarks $468m for Dublin HQ in 20-year lease deal
Workday confirmed last month that it had inked an agreement with M&G Real Estate and Pat Crean's Marlet Property Group to lease the entire space at the new city centre College Square development. It's being constructed on the site of the former Apollo House and is almost complete. The deal for the 416,000sqft of super-prime office space marked the single largest transaction in the sector in Europe since the pandemic. In its first quarter results released this month, Workday confirmed the amount it has set aside for the lease of the new Dublin office. Dublin's office market is poised for 'significant recovery' this year 'During the first quarter of fiscal 2026, we entered into a new operating lease agreement for our European headquarters in Dublin, Ireland which has not yet commenced, with total undiscounted lease payments of $468m,' it told investors. 'The operating lease is expected to commence in the second quarter of fiscal 2026 with a lease term of 20 years.' The lease deal was a major coup for Marlet and the broader office market. Workday had originally intended to construct its own 550,000sqft European headquarters on a site in Grangegorman in the capital. However, it abandoned that plan earlier this year, opting instead to move its staff to the development on Tara Street. Workday will move its 2,000 staff, currently at two separate locations in Dublin, to the new location. Mr Crean, who is Marlet's chief executive, described the lease agreement as a 'significant milestone' for Dublin's office market. Construction of College Square, which also features 54 apartments, is expected to be completed next month, with Workday commencing its fit-out programme soon after. Real estate firm Savills said in March that Dublin's office market is poised for 'significant recovery' this year, driven by rapidly falling vacancy rates, major corporate commitments and strong demand for prime office spaces. It said that the office vacancy rate in the Dublin 2 area is expected to fall sharply by the end of 2025, due to strong occupier interest and substantial pre-let activity. Savills said that prime office rents in Dublin's central business district have already begun to recover, having risen 4pc year-on-year to €65 per square foot in the final quarter of 2024. That's the highest figure on record.
BBC News
3 days ago
- Business
- BBC News
Seafront hotel in Brighton up for sale for £18.5m
A large Victorian seafront hotel in East Sussex has been put up for sale. The 94-bedroom Queens Hotel, which overlooks the promenade and Palace Pier in Brighton, is on the market with an asking price of £ building has a gym, spa and swimming pool, a large conference suite, plus a restaurant and bar. Jeremy Jones, head of hotel brokerage at Christie & Co, said it was "one of the most exciting hospitality opportunities on the south-east coast". He said: "With one of the best trading locations in Brighton, the scale of The Queens presents one of the largest hospitality sites, building upon this famous hotel with huge upside to extend the range of hospitality attractions across accommodation, food, beverage and late-night bar and restaurant."The hotel was built in 1846, according to the Regency Society, and has been under the current ownership for 20 years. Plans have been established to create an additional eight bedrooms, or to repurpose an unutilised atrium within the building, the sales agent said. Planning permission has also been secured to develop 11 more bedrooms in the vacant restaurant and the creation of a sky bar on the roof of the property.Alex Sturgess, director at Savills, said: "This is a unique opportunity for a hotel owner to acquire a signature property on Brighton seafront."
