LATEST PROPERTY NEWS
The government has launched a public consultation on what restoration work should be carried out on the Palace of Westminster, and how parliament should operate in the interim.
Intu recorded a 30% increase in footfall to shopping centres on last week’s Black Friday shopping event, with a 60% increase in online visits to intu.co.uk.
Palace Capital has reported a steady increase in NAV as the value of its portfolio increases sharply to £140.4m.
LendInvest, the peer-to-peer property lender, has supplied finance so far this year for double the number of new properties it did during the whole of 2014.
Catering equipment supplier Alliance Disposables has taken 32,905 sq ft at Columbia Threadneedle Investments’ Broadfield Business Park in Heywood, Greater Manchester.
Rockspring Property Investment Managers has acquired Walnuts Shopping Centre in Orpington, Kent from a private Kuwaiti investor and Miller Developments for £43.9m.
The Standard Life Investments UK Property Fund has completed the acquisition of two key industrial estates in the South East, in a combined investment of around £55m.
Development finance is undoubtedly easier to secure and cheaper than it has been for years, but a new report from CBRE indicates that developers are not having everything their own way.
Deloitte Real Estate has appointed Mike Thornton as a director in its asset and property management (APM) team.
RESIDENTIAL & DEVELOPMENT
Property Week: Latest Issue
Property Week: Latest Supplement
Edinburgh’s office market is having a bumper year as Scotland’s capital benefits from occupiers who are increasingly looking outside of London to house their staff.
Private Investor & Auctions
Online estate agent easyProperty has announced plans to launch auction sales of commercial and residential property in early 2016.
Strong demand and limited new supply continued to drive down the availability of office space in the City of London in the third quarter of the year, with 35% less floor space available than a year ago.
Nakheel, the developer behind Dubai’s Palm and the World islands, plans to grow its Dubai retail holdings to more than 15m sq ft of leasable space by 2020.