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Property news and features from the current issue of Property Week.


Funding partner wanted for £325m student accommodation development pipeline

24 March 2017

Crosslane Property Group (CPG) is hunting for a partner to put up £325m to forward-fund its entire student accommodation pipeline.

Graph - auctions

Commercial property auction sales defy market slowdown

24 March 2017

The volume of investment-grade commercial property sold at auction in 2016 grew by 10% to £820m, the latest Commercial Property Auction Data (cPad) report has revealed.

Virgin Active gym in Wandsworth

Orchard Street runs for gym

24 March 2017

Orchard Street Investment Management has acquired a Virgin Active gym in Wandsworth, south-west London, from TH Real Estate for £12.95m.

CLS Attlee Court

CLS sells care homes to Croftwood for £25m

24 March 2017

CLS Care Services has sold its entire portfolio of 18 care homes, totalling 683 beds, to Croftwood Care (Cheshire) for around £25m.

Liberty Living Henley

Henley on brink of buying 1,500 student beds

24 March 2017

Private equity firm Henley is on the verge of snapping up a portfolio of more than 1,500 student beds from Liberty Living for more than £50m, Property Week can reveal.

Croxley Park Amenity Hub

Columbia Threadneedle gets go-ahead for amenity hub

24 March 2017

Columbia Threadneedle has received planning permission for an amenity hub at its Croxley Park business park in Watford, Hertfordshire.

Stamp Duty Petition

Government responds to Call Off Duty campaign

23 March 2017

HM Treasury has responded to Property Week’s Call Off Duty campaign this week acknowledging industry concerns - as leading industry figures announced they have commissioned research to put the case for reform.

Fosset Farm Southend

PRS to be built into Fossetts Farm stadium

23 March 2017

The developer behind Southend United FC’s proposed new football ground will build homes for the rental market directly into the stadium, Property Week can reveal.

Pocket Croydon

Pocket wins Croydon site

23 March 2017

Residential developer Pocket Living is set to deliver its biggest scheme yet after buying a development site in Croydon.

Simple Stars_First floor_Toilets

Pluggers urge punters to bid at their convenience Video

23 March 2017

Metropolis has received many unusual press releases over the years - from one suggesting people redesign their rooms as Fifty Shades-style sex dungeons to another inviting us to the opening of a bus station - but no press agency has made a bizarre pitch quite as insistently as the folks at Simple Stars.



Beckwith-backed Keyrock Capital seeks €25m to fund Spanish acquisitions

24 March 2017

Keyrock Capital, the Spanish residential development arm of Sir John Beckwith’s Pacific Investments, is seeking to raise at least €25m (£21.7m) to fund future acquisitions.


Industry secures key revisions to new tax legislation

23 March 2017

The property industry has welcomed revisions in this week’s Finance Bill to legislation on tax relief for interest costs that help to address potentially damaging and unintended consequences for property developers and investors.

Trafalgar Place Lendlease

Lendlease seeks investor for new £1bn BTR platform

23 March 2017

Lendlease is set to launch a £1bn build-to-rent (BTR) platform and is on the hunt for an investment partner.


Nova Victoria scheme

Embracing tech to help our people help our customers

24 March 2017

It was back in 2006 that we at Land Securities started our transformation of London’s Victoria with the redevelopment of 80-100 Victoria Street and Cardinal Place.


Why 1 May is a red-letter day for build-to-rent

23 March 2017

On 1 May, a 12-week Department for Communities and Local Government consultation on build-to-rent (BTR) closes.


Choice architects don't always put your interests first

24 March 2017

Philip Hammond’s first and last spring Budget earlier this month was something of an anticlimax for many in the property industry, who had high hopes of stamp duty cuts and more detail on business rate reforms.

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PW awards Shortlist cover

Property Awards 2017: judgement by day, party by night

27 March 2017

The record field of finalists at this year’s Property Awards have been celebrated at the event’s launch party.

New Bermondsey

Millwall regeneration: into the Lions den

24 March 2017

It is one of the most ambitious regeneration schemes in London - and also one of the most controversial. In the past few months, plans by developer Renewal to redevelop a 2.5m sq ft chunk of land surrounding Millwall Club in south-east London have hogged the headlines.

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Liz Hamson, editor of Propety Week

Croydon facelift pulls in new wave of investors

24 March 2017

Croydon used to be a laughing stock. Seen as a drab, concrete backwater you merely passed through to get to and from Gatwick Airport, it was certainly not a place you would want to live, work or shop in (unless you worked for Property Week, that is, and truthfully, a couple of years ago, ‘want’ would have been stretching it).


Sun shines at Mipim as senior leaders get down to business

24 March 2017

What a difference a bit of nice weather makes. The mood at Mipim this year was far more upbeat than last year when ‘Washout Wednesday’ - and the then chancellor George Osborne’s announcement of a 1% increase in stamp duty on commercial property - put a real dampener on things.


Westquay Watermark

Tight supply forces developers to embark on office refurbishments

27 March 2017

The central south coast region is undergoing a major transformation, with significant public and private sector investment in new amenities and mixed-use commercial development.


Is Cardiff set for another year of record office take-up?

24 March 2017

Central Square has been at the centre of the Cardiff success story. Now, the Government Property Unit (GPU) is expected to take a pre-let on 300,000 sq ft at 3 Central Square in a deal that could lead to another record year in terms of office take-up for the city - if, that is, there is sufficient space left to satisfy rapidly growing demand. The problem is that there is not.

Hawke Ridge Business Park

High hopes for cutting-edge commercial hub in Wiltshire

24 March 2017

Westbury is an unlikely home for a commercial hub looking to attract SMEs - but that is exactly what one property company is hoping to create at the sleepy stop on the Great Western line down to the Cornish coast.

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Courtyard of Chengdu China

Q&A: LFA report shows how valuable architecture is to London’s economy

22 March 2017

The economic value of London’s architecture sector was revealed for the first time last week in new research published by the mayor of London’s economics team in partnership with the London Festival of Architecture (LFA).

Millennium Bridge

Housing is as vital as transport to success of northern powerhouse

22 March 2017

Until now, the focus of the debate surrounding the ‘northern powerhouse’ has been transport. Undoubtedly transport will be fundamental to delivering a thriving, connected economy in the north.


To guard against a fraudulent seller, watch out for red flags

21 March 2017

Property fraud is not new, but it is becoming increasingly sophisticated and affected parties may be surprised to learn that their professional advisers may not be liable for the losses suffered.

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With Crosslane, Amiri Capital & UPP all involved in major student accommodation deals this week, is the sector set to eclipse its record £5.7bn-worth of annual deals in 2017?