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Property Week Digital Edition – 19 April 2024

2024-04-19T00:00:00+01:00

Runway East co-founder and chief executive Natasha Guerra on how the co-working and flexible workspace provider plans to expand its number of sites – Homes England chief executive Peter Denton on the agency’s five-year strategic plan and shifting its focus to regeneration

All the content from the latest issue of Property Week

Gove approves controversial Cambridge North scheme on appeal

Brookgate appealed for the scheme’s approval last year after the planning authority failed to decide on the application.

Fitch predicts Canary Wharf vacancy rises despite Morgan Stanley deal

Morgan Stanley’s lease extension with Canary Wharf Group has “alleviated some downside risk” for the landlord, rating agency said.

Brooks appointed head of HampsonWall’s new out-of-town agency team

She joins the firm from Curson Sowerby Partners.

Stoford strikes pre-sale deal to sell proposed Worcester Six Business Park HQ

MiTek will acquire the freehold in what is believed to be the largest pre-sale in Worcestershire for more than 20 years.

Dot Group acquires CRM Students to become Europe’s largest PBSA operator

The deal adds around 27,000 student beds in seven countries to the operator’s portfolio.

HarperCrewe secures £200m-plus residential investment

TPG Angelo Gordon and Ridgeback provided the funding as part of plans to expand into the UK housebuilding sector.

Norway’s sovereign wealth funds eyes £363m Meadowhall takeover

Norges is in advanced talks to buy British Land’s 50% stake of the Sheffield shopping centre.

Great Places secures £280m-plus deals with three lenders

New banking partner supplies debt alongside housing group’s existing lenders Santander and NatWest.

Leaseholders set to pay ground rents for 20 more years as reforms diluted

Annual charges on leaseholders look set to be capped at £250.

Shearer named head of office and investment at King’s Cross

He was previously Oxford Properties Group’s UK head and vice-president for offices, retail and life sciences.

Gary Neville’s Relentless signs flex operator Gilbanks for Manchester scheme

Gilbank’s space at No1 St Michael’s will be its third location to date.

FTSE 100 closes at record high with property stocks rising

FTSE 100 property companies enjoyed a boost with SEGRO’s share price rising 1.07%.

Scottish government granted powers to introduce Building Safety Levy

The government is also considering a new tax on developers to contribute towards building safety repairs.

Enfield Council seeks developer for 600-home Meridian Water scheme

The project is part of plans to develop 10,000 homes and create 6,000 new jobs.

Grosvenor to build 300,000 sq ft portfolio of flex offices

Grosvenor’s chief executive James Raynor said there was a “significant opportunity” to take advantage of occupier demand for flex.

Petrol forecourt acquisitions help boost Asda profits

The supermarket giant’s adjusted EBITDA after rent rose by 24% to £1.078bn in 2023.

Chancerygate seals five deals at Genesis Park in Leicestershire

A 6,000 sq ft unit has been let to Deenova and sold to Sandpiper Formulations Pension Scheme.

Pemberstone sells Sunderland business park for £1.625m

Avison Young, Newcastle and Blue Marble Asset secured the sale acting on behalf of the owner.

James Cameron backs new UK film studio mired in planning dispute

The film director sees the proposed studio as a potential base for his company Lightstorm3D.

Oxford and LCP secure freight rail operator for £1bn West Midlands Interchange

The SRFI will sit alongside 8m sq ft of prime warehouse facilities.

Cole Warehouse acquires Trafford site for 5,000 home masterplan

The schene will include 5,000 homes a new stadium for Manchester United.

Swiss Life Asset Managers partners with Ares Management on self-storage platform

Swiss Life Asset Managers UK will act as investment manager with operational services provided by its subsidiary MC Self Storage.

Lok’nStore revenue grows 4.3% as store pipeline progresses

Trading update confirmed directors’ recommendation of 1,110p per share takeover offer from Shurgard.

Irwin Mitchell takes on Delin from Fieldfisher

His experience includes mediating, arbitrating, adjudicating and litigating actions in the Technology and Construction Court.

Vistry leads Q1 rise in property share prices

Fellow housebuilder Redrow also achieved a year-on-year leap in share price, up 40% to 665.2p.

Property Week announces trio of promotions

Changes to deputy editor, news editor and finance editor roles.

ASK lends £18m for co-living scheme in West London

ASK’s client acquired the site and plans to obtain permission to convert the building into a 415-bed co-living scheme.

Holiday firm Kuoni Travel checks in to Manchester Arndale

Kuoni is relocating to Manchester Arndale from its former Manchester city centre location in King Street.

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