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Property Week - Latest Issue
Property news and features from the current issue of Property Week.
Lloyds Banking Group has offloaded 84 bank branches in sale-and-leaseback deals in a bid to boost its balance sheet ahead of its return to full private ownership.
Land Securities is considering an alternative scheme in Worcester after conceding defeat in its efforts to develop a £150m retail park anchored by John Lewis on the outskirts of the town.
Cushman & Wakefield is hoping to ‘future-proof’ itself with a new team set up to identify and integrate the sorts of practice currently being driven by proptech disruptors.
Investment volumes in the final quarter of 2016 fell by 18.5% compared with the same period last year to £12.8bn and overseas buyers were responsible for almost half of the deals recorded.
Lothbury Investment Management has let the last remaining unit at its St James’s office scheme in London’s West End at a rent of £115/sq ft.
Clipstone has bought six South East industrial properties for a combined price of £28.7m, bringing its industrial portfolio to around £300m.
Trendy London coffee chain Department of Coffee and Social Affairs has snapped up a store in Bristol’s Cabot Circus for its first unit outside the capital.
Brockton Capital and Landid have signed up Swedish firm BTS to a 10-year lease at One Queen Caroline Street in Hammersmith, west London.
Creative workspace provider Spaces will open its second London centre, at Park Royal, as it continues its UK expansion.
The bulk of the former BHS store in Burton upon Trent has been scooped up by its former competitor, Next.
Vero Group has rebranded as iQ Student Accommodation and secured a £305m debt facility arranged by Morgan Stanley with participation from RBC Real Estate Capital Partners.
Safestore chief executive Frederic Vecchioli has given an upbeat assessment of the company’s prospects after it posted strong profit growth in full-year results.
OakNorth Bank has provided a £16m development loan to the Mason family, who are well-known property investors and advisers in Liverpool, for a new 202-bed aparthotel in the city.
Chinese investment into UK property is showing little sign of slowing despite a tightening of restrictions on the outflow of capital from the country.
“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.
A general assumption within the property industry is that the adoption of innovative new technologies is driven ground-up by tech companies migrating into the sector.
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.
Property-related shares held up well as the FTSE 100 tanked after Theresa May’s speech on Tuesday.
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.
There’s a new property player in town. It has access to cheap money and is not afraid to splash the cash. The name of this new investor: your local council.
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.
To kick off the new year, Property Week asked our inaugural panel of regional experts to give their forecasts for the North East market in 2017 and, despite the challenges, the outlook is positive.
When it comes to the UK’s tech industry, London’s Silicon Roundabout may generate most of the headlines, but Newcastle is coming up fast on the rail.
In the dying weeks of 2016, the first soil was turned on the Vaux project in Sunderland city centre. But this wasn’t just the start on site of any old project.
Professional & People
All the latest moves, appointments and promotions from across the property sector.
Lambert Smith Hampton has appointed Dean Young as a director to head up its Manchester industrial agency team. He will be based in the firm’s Spinningfields office.
Early last year, consultancy Iceni Projects launched the Sustainable Development Commission: a group of councils, developers, consultants and campaigners charged with coming up with a clear-cut way of defining sustainable development.
Prime minister Theresa May is said to have promised a crackdown and continued reform of unacceptable corporate boardroom behaviour. So now is a good time to look at what this may mean in the context of companies facing tougher anti-corruption and financial crime laws.