LATEST PROPERTY NEWS
Franklin Mutual Advisers has written to Songbird Estates’ board urging it to accept a £2.6bn takeover bid for the company or seek a higher offer from another party.
Hong Kong billionaire Samuel Tak Lee has sold almost 25% of his stake in Shaftesbury.
LondonMetric Property has paid £47.5m for a 690,000 sq ft retail distribution centre in Warrington.
Richard Osborne-Young has been appointed to the Savills prime London residential development team, and will focus on the top end of the market.
Property companies are hoping to steal a march on rivals by following retailers into the brave new world of unmanned air vehicles.
Property Week: Latest Issue
Pretax profit at Trafalgar New Homes has falled in the first half due to increased costs of completing Oakhurst Park Gardens development in Kent
This weekend I drove past the former Opal 1 building in Birmingham. The towering red-brick student housing block is now adorned with a Campus Living Villages flag, following the company’s purchase of one of the giant portfolios from the collapsed Opal Group last year.
London remains the world’s most expensive office market but three of the five priciest markets are in Asia, CBRE research highlights today.
Global real estate adviser Cushman & Wakefield teamed up with world renowned art and design institution Central Saint Martins to sponsor an innovative student project.