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Seeking For The Best Kitchen Remodeling in Blum TX?
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This platform is provided to you by Emporis, the global provider of building data. Emporis manages a worldwide database on construction data and commercial real estate information. We make this information universally accessible and want to create the world's biggest and best database about buildings.
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Amancio Ortega, the billionaire owner of clothing retailer Inditex SA, bought an office building in Londons West End for 410 million pounds ($670 million), a person with knowledge of the matter said.
Ortegas Ponte Gadea SL bought Devonshire House, a 1920s property opposite the Ritz hotel, from the estate of Lehman Brothers Holdings Inc., said the person, who asked not to be identified because the information is private. Joelle Halperin, a spokeswoman for Lehman Brothers, declined to comment. Ponte Gadea didnt respond to calls and an e-mail requesting comment.
Regulations protecting older buildings and preventing high-rise construction has created a shortage of office space in the West End, fueling rent increases. The area, which is popular with hedge funds and includes the luxury shopping locations Bond Street and Regent Street, replaced central Hong Kong as the worlds most expensive property market, CBRE Group Inc. said on Dec. 18.
Green Oak Real Estate Advisors LLP, an adviser to the Lehman estate, sought at least 390 million pounds for the building, the person said.
Devonshire Houses tenants include Bain Capital LLC and Noble Corp., according to the companies websites.
Estates Gazette reported the news earlier today.
Ortega is the worlds third-wealthiest person with a net worth of $64 billion, according to the latest Bloomberg Billionaires Index ranking.
To contact the reporters on this story: Patrick Gower in London at pgower@bloomberg.net; David M. Levitt in New York at dlevitt@bloomberg.net
To contact the editors responsible for this story: Andrew Blackman at ablackman@bloomberg.net; Kara Wetzel at kwetzel@bloomberg.net
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Billionaire Ortega Said to Pay $670 Million for London Building
BUILDING PERMITS
PMT2013-01860 1800 Commerce St. 3; $50,000.00; Randy Armijo; Hendricks Fine Homes LLC; tenant remodel to expand F-1 occupancy into Unit I. Scope of work includes connection through existing dimising wall, infill of additional door, fire rate existing walls, electrical and mechanical work. No plumbing associated with this permit.
PMT2013-03266 4733 Pearl St.; $375,960.00; Sky Blue; Sl Murphy Construction LLC; interior tenant finish to an existing warehouse space. No additonal floor area. Scope of work includes new partition walls, modification to existing electrical and heating system to accomodate changes to floor plan and uses. Some exterior lighting included. Includes all associated MEPs.
PMT2013-04098 770 28th St.; $250,000.00; Enterprise Neda; Coburn Development Inc; addition of 1,059 square feet., two-level elevator addition at southeast wing of building, south of pool, containing new elevator shaft, elevator lobby, mechanical room, exit stair and associated electrical, plumbing and mechanical work. Also included is temporary exit stair on southeast corner of building.
PMT2013-04468 320 15th St.; $50,000.00; Jennifer Dice; Fuentes Design; new detached two-car garage with storage loft and associated electrical. Scope of work limited to new garage. A separate permit will be required if work is done to the existing garage.
PMT2013-04758 1352 College Ave. 115; $220,000.00; and College LLC; tenant remodel of restaurant space for Starbucks Coffee shop. Scope of work includes associated electrical, mechanical and plumbing.
PMT2013-05131 5555 Airport Bldg.; $79,279.00; Tree Yew; CRB Builders, LLC; Installation of new "Cold Storage Unit" in existing pharmaceutical building (Agilent Technologies). Includes associated MEPs.
PMT2013-05932 2750 Broadway; $150,232.50; Med Boulder; Calcon Constructors Inc; interior, non-structural remodel to existing "endoscopy suite' in Boulder Medical Center. Scope of work includes addition of a toilet room and storage room in an existing surgery suite. Also includes new casework in surgery rooms, and all associated MEPs. Total of 1,100 square feet of affected area.
PMT2013-06130 270 Kiowa Place; $66,000.00; William Norris and andrea Norris; Hamilton Builders, Inc; interior remodel of existing single family dwelling (345SF). Scope of work includes basement remodel (new bath, demo of existing walls) and main level remodel (new bath, new closet in bedroom, and expansion of exisitng window on east wall).
PMT2013-06233 2600 30th St. 103; $100,000.00; and 30Th; Mountain States Construction; interior tenant improvement for general dermatology clinic to include creation of exam rooms with sinks, doctor's office, waiting areas, offices, and new half bathroom.
Regional News of Sunday, 22 December 2013
Source: GNA
Wulugu Naba Pugansoa, Naa Professor John S. Nabila, President of the National House of Chiefs, has appealed to the government, individuals and corporate institutions and organizations, to support the House to rehabilitate its old office building in Kumasi.
He said the office has not seen any rehabilitation since it was constructed in the early 1970s, and the state of the building is such that if action is not taken, it can collapse at any time.
There are several structural defects in the walls, and the roof is leaking seriously, and paintings on the walls have stripped off, he stressed.
Naa Prof Nabila was speaking at the end-of- year general meeting of the House in Kumasi.
The meeting was to take stock and examine performances during the year, reflect on them and plan the way forward.
The President said the Houses new office complex at Asennua in the Kwabre East District, whose construction started some years back, remained uncompleted, and it has been in its present stage since 2011.
He announced that, during the year, the House was able to convert 15 Reports of Research into Draft of Declaration of Customary Law, adding that they have been forwarded to the Ministry of Justice and Attorney General for further action.
Naa Prof. Nabila commended government, particularly President John Manama for the improvement of the financial and other logistics situation of the House.
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Help NHC to rehabilitate old office building
London is on top.
The citys West End had the most expensive office space in the world in the third quarter of 2013, according to a report released Wednesday by CBRE Group Inc. Rents and other costs totaled $259.36 per square foot for the year for top-quality space.
Total occupancy costs in Hong Kong, which previously held the crown, were $234.30 per square foot in the third quarter. Hong Kongs costs fell 4.9% over the prior year partly because of new buildings that recently opened, according to Raymond Torto, who heads CBREs global research arm.
Either way, both markets should expect growth in the future, Mr. Torto said.
Everybody wants to be in the same place in the two cities, he said. There hasnt been enough development to meet that demand.
Across the world, rents in top-quality prime office space increased 2.2% from a year earlier.
On the wane was Spain, which had the two markets with the largest declines in occupancy costs.
- Eliot Brown
On Spec Brings a Check
In 2010, Tishman Speyer Properties LP started construction on its first of three planned office towers in central Brasilia, beginning a long hunt for tenants to fill the tower.
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Plots & Ploys: a Tale of Two Cities
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The sun rooms, solariums and pool enclosures are built in easy to assemble sections and shipped around the country. With complete instructions and architectural drawings, the rooms are designed to be a do-it-yourself project, but we can provide tech rep service, or technical assistance to the homeowner's local contractor.
Our sunroom packages are perfect for the do-it-yourselfer. You'll be delighted at how easy it is to build your own sunroom with our kits. Our kits take the guesswork out of building your own sunroom while saving you much of the labor cost! Your kit will include all top quality components, as well as pre-assembled sections. You can then complete your room to your personal tastes with standard materials and components from your local home-improvement store.
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All Season Room Additions | Sunroom Kits | 4 Season Room Prices
