LATEST PROPERTY NEWS
Blackstone Real Estate Partners has acquired a £388m UK portfolio for its European logistics company, Logicor.
A Mayfair car park has been put up for sale as a redevelopment opportunity and is expected to attract bids of more than £100m.
The Great Wigmore Partnership (GWP), the 50-50 joint venture between Great Portland Estates (GPE) and Aberdeen Asset Management, has sold 95 Wigmore Street for £222.4m to UBS Global Asset Management.
Owners living in their homes in central London’s most expensive residential neighbourhoods are fast becoming a minority as stellar returns transform these areas into rental markets driven by investors.
The Metric Income Plus Limited Partnership (MIPP), the joint venture between LondonMetric and the Universities Superannuation Scheme (USS), has sold Lichfield retail park to Mayfair Capital’s MCCPT for £13.3m.
A £15m for-sale sign has been hoisted over a mixed-use block in Notting Hill.
Self-storage company Lok’nStore has reported an increase in profits of more than a third in interim results today.
DTZ has announced that Catherine Lambert will be joining as head of retail management in September to spearhead growth in the firm’s retail business.
RESIDENTIAL & DEVELOPMENT
The team behind 1990s listed property company Gander is back looking to raise money for a new central London-focused residential investment company to be called K&C REIT.
With the countdown to the next election increasingly better expressed in days rather than weeks, the polls remain close and the outcome is still opaque.
Property Week: Latest Issue
Property Week: Latest Supplement
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MARKETS - North West
Manchester needs more homes, but development of private-rented schemes is slow.
It was a great night for everyone at this year’s Property Awards at Grosvenor House, Park Lane – not just those who were winners.
CPD: latest module
Welcome to the CPD (continuing professional development) module on business rates and empty properties, in association with Camelot Vacant Property Management.
Investors are keen to get involved in the city’s hotel sector.
Manhattan fear-mongers routinely cry wolf over a ‘glut’ of new office space. They did in it in the 1990s when a few towers opened empty, and after 9/11 every time a new building brought some vacant space to market.