LATEST PROPERTY NEWS
Lok’nStore is looking to grow the business by created new landmark stores, with eight sites now in the pipeline.
Lomond Capital has secured approximately £37.5m of acquisition funding as it embarks on its latest expansion into new letting and sales markets across south England.
Cain Hoy Enterprises has provided a £450m development loan to Canary Wharf Group to fund its office development One & Five Bank Street, in what is believed to be the largest development financing to complete following the triggering of Article 50.
Shares in Kennedy Wilson Europe Real Estate (KWE) lept 13% in early trading following the revelation it had agreed an all-share merger with Kennedy Wilson Holdings (KWH).
Moorfield and Glenbrook have received the green light to begin work on the last undeveloped site overlooking Erie Basin in Salford Quays after completing the acquisition of the site from Peel ready to build 270 new homes.
Stoford Developments and Gallan Group will go ahead with their redevelopment plans for Stonebridge Cross in Liverpool, covering 1.2m sq ft of warehouse and logistics, following Everton’s decision not to build a new stadium at the site.
Land Securities has announced that GraVity is to open a flagship trampoline park at the Bluewater shopping centre in Kent.
Investment banking provider LXM Group has relocated its UK headquarters from Belgravia to the redeveloped 48 Pall Mall offices, becoming the building’s first tenant.
The Charities Property Fund, managed by Savills Investment Management, has purchased the freehold interest in House of Fraser in Chichester for a price of £13.4m.
Altus Group has made two new senior appointments to their lease consultancy team in the shape of Adam Shorey and Will Holliday.
Property Week: Latest Issue
Property Week: Latest Supplement
Great. Another referendum… sorry, general election. Like many, I’m pretty much with Brenda from Bristol on the surprise announcement. “You’re joking! Not another one,” she proclaimed in a clip that subsequently went viral. “Oh for God’s sake, I can’t stand this.”
And so we’re off. In a genuine surprise move, Theresa May has called a general election for 8 June despite No 10 having warned journalists off the idea for many months.
Workthere has all the usual attributes associated with a proptech company - a cool-looking website, hip young staff and a funky name that would not sound out of place in Silicon Valley. But Workthere is not your average VC-investor-backed start-up. It is the brainchild of Savills.
London’s beleaguered prime residential market appears to be showing the first tentative signs of recovery.
Last week, I had the pleasure of sitting down with my Dutch housing association counterparts to try to explain to them how the London market works and how people struggle to afford to live in London. Discussing this out loud really brought home just how broken the market is.
A lack of investment assets in the West Midlands means there is a large weight of money chasing any stock that does become available, according to research from Savills.
Property Week teamed up with Dentons and Malcolm Hollis to officially launch the Power 100 at Mipim 2017, outlining the thinking behind our inaugural ranking of the 100 most powerful people in property