LATEST PROPERTY NEWS
The property industry has expressed concerns about skills shortages and a fall in office occupier demand, in response to Theresa May’s ‘Brexit speech’ in which she revealed that the UK will leave the single market.
Care provider HC-One has completed the acquisition of Helen McArdle, the largest independent care home operator in the North East of England.
Purplebricks Group, the online estate agent, has continued its roll-out across Australia, with the launch into Sydney, and offices in Adelaide and Perth expected to follow.
Work.Life. has taken the lease of the ground floor of the Boultbee Brooks Real Estate and CBRE Global Investors’ White Building in King’s Road.
BMO Real Estate Partners has let 28,000 sq ft at the 35 acre Kao Park in Essex to publishing and education company Pearson.
Skyscanner has landed 24,000 sq ft at The Avenue, AshbyCapital and Exemplar’s office and retail development on Tottenham Court Road.
Empiric Student Property has acquired the freehold of a 220 bed student accommodation scheme in York for £23.3m.
Hamilton Heath Estates has completed its ninth deal in the last 18 months with the purchase of the Phoenix Business Park in Speke.
Property-related shares held up well as the FTSE 100 tanked after Theresa May’s speech on Tuesday.
Property Week: Latest Issue
“Buy land, AJ,” mobster Tony Soprano counselled his son a decade ago, “cos God ain’t making any more of it.” Now Brian Aldridge, the godfather of Ambridge, is following suit.
The ‘so far, so good’ post-referendum economic picture continued through the end of 2016. The IHS Markit’s Purchasing Managers’ Index (PMI) for December showed a rise in all-sector activity to a 17-month high.
In 2016, voters went with their hearts to leave the European club and reject the ‘no Trump’ message of Mrs Clinton. This leaves investors with a considerable dilemma in terms of how to play their cards in 2017.
To some, it is the private rented sector (PRS). To others, it’s the professional rented or build-to-rent sector. With the arrival of US giant Greystar in the market, another moniker is rapidly gaining traction: multi-family housing.
Is it just me or have we been transported back to the 1970s? It’s not just the relentless strike action, growing militancy among the masses or shifting political landscape (in which left is left and right is increasingly right); it’s the councils too.
For the first time in recent years, take-up of office space in Newcastle city centre almost equalled take-up on out-of-town developments, according to a consortium of North East-based chartered surveyors.
Brighton offers the greatest potential in the UK for new out-of-town (OOT) retail development, research from Savills has revealed.
In my opinion, the stamp duty increases made by George Osborne were largely politically motivated and one suspects that the present government is concerned that in reducing stamp duty, particularly for the more expensive properties, they will be criticised for helping their rich friends.