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The top 10 CoStar News stories of 2024

CoStar has led the way with market-moving news and analysis
Paul Norman (right) and Tony Wilbert (centre), both of CoStar News, film a round-up piece at Mipim in Cannes in March.
Paul Norman (right) and Tony Wilbert (centre), both of CoStar News, film a round-up piece at Mipim in Cannes in March.
CoStar News
December 24, 2024 | 11:21 AM

CoStar News has broken exclusive market-leading commercial property news throughout the year once again.

For starters, we revealed the biggest single asset retail transaction of the year, the biggest UK office lease and the biggest single asset industrial transaction.

There was also daily analysis and interviews responding to the key news stories as they happened. Here is a look at 10 of our most-read exclusives and features.

Liverpool One. (Grosvenor)

1. Landsec buys Liverpool One

CoStar revealed in November that Landsec was in talks to buy Liverpool One – one of the biggest shopping centre sales for years – which was finally confirmed on 17 December.

The plans for 2 Finsbury Avenue. (CoStar)

2. British Land and GIC's massive letting to a US hedge fund

CoStar News also revealed in March that British Land and Singaporean sovereign wealth fund GIC would let 250,000 square feet at their 2 Finsbury Avenue development to expanding US hedge fund firm Citadel and global market-maker Citadel Securities. The firm also has options to take another 130,000 square feet. The deal was confirmed in April.

Amazon Bristol. (CoStar)

3 & 4. Amazon is back in the big-box market

Two huge Amazon deals bookended the year: a land buy in Northampton for an estimated 2 million-square-foot centre in January and in December, a 1 million-square-foot warehouse next to the A14 in Kettering where it wants to develop a build-to-suit unit.

5. What Paris could learn from London

Just before the Paris Olympics, CoStar News released a huge piece looking at the legacy of the London Olympics in 2012 that proved very popular with the readers.

The Mipim 2024 site. (Benoit Hug/CoStar)

6. Mipim said 'Do more in 24'

At the end of the Mipim conference in Cannes, the annual "view from La Croisette" round-up concluded there was "a change in the air".

Tetron 141, Swadlincote, is one of Abrdn Property Income Trust's assets (CoStar)

7. All change on the Stock Exchange

Take-privates and the consolidation of real estate investment trusts were two of the major stories of the year. CoStar News broke the news that the GoldenTree group was buying Abrdn Property Income Trust.

130-134 New Bond Street is the home of watch company Breitling. (CoStar)

8. The biggest central London retail deal

The largest central London retail purchase of the year, also revealed by CoStar News, was on perhaps London's most high-end street, Bond Street, where Blackstone bought 130-134 New Bond Street, from Oxford Properties and Swiss luxury group Richemont.

9. The largest South East office letting

CoStar also broke the news of the year's large South East office letting, when Johnson & Johnson took a 97,000-square-foot Maidenhead headquarters. It has gone under offer to take the remaining space at the 130,000-square-foot Tempo Maidenhead building across the ground, first and second floors.

10. A major regional letting

A huge letting revealed by CoStar News, which should prove one of the major deals of 2025, is Auto Trader's prospective 130,000 square feet at Bruntwood's 3 Circle Square in Manchester.

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30 Min Read
December 24, 2024 06:32 AM
Leading figures reflect on the biggest stories and key trends of the year, and the lessons learned.
Paul Norman
Paul Norman

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