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

Lloyds Bank

Lloyds sells off high-street bank branches

13 January 2017

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.

John Lewis, Worcester Woods

Land Securities raises white flag in Worcester retail battle

13 January 2017

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.

Toby Ogden

C&W sets up transformation team to ‘future-proof’ itself

13 January 2017

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.

MandG Banbury shed

Investment volumes fall 18.5% in Q4

13 January 2017

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.

55 St James’s Street, London

Lothbury hooks AlbaCore

13 January 2017

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.

Witney

Clipstone bags six SE sheds

13 January 2017

Clipstone has bought six South East industrial properties for a combined price of £28.7m, bringing its industrial portfolio to around £300m.

Department of Coffee and Social Affairs

Coffee chain to hit Bristol

13 January 2017

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.

One Queen Caroline Street, Hammersmith

Swedish firm takes 10-year lease in Hammersmith

13 January 2017

Brockton Capital and Landid have signed up Swedish firm BTS to a 10-year lease at One Queen Caroline Street in Hammersmith, west London.

Spaces Mappin House

Spaces to open office hub at Park Royal site

13 January 2017

Creative workspace provider Spaces will open its second London centre, at Park Royal, as it continues its UK expansion.

Next superstore

Next bags former BHS store in Burton mall

13 January 2017

The bulk of the former BHS store in Burton upon Trent has been scooped up by its former competitor, Next.

MORE PROPERTY NEWS

Student accommodation, iQ Leeds

Student housing firm secures £305m debt deal

13 January 2017

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

Safestore chief exec bullish about self-storage firm’s prospects

13 January 2017

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.

Corn Exchange Building, Liverpool

OakNorth funds aparthotel development

13 January 2017

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.

88 Wood Street, London

Chinese investment is still flowing despite restrictions

12 January 2017

Chinese investment into UK property is showing little sign of slowing despite a tightening of restrictions on the outflow of capital from the country.

MORE PROPERTY FINANCE NEWS

Archers Brian Aldridge

2017 Predictions: is Brian Aldridge calling the top of the market?

16 January 2017

“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.

Signing house contract

2017 Predictions: inflation and interest rate rises

13 January 2017

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.

Innovative technology

Agents not tech companies are driving digital revolution

13 January 2017

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.

Local government property

2017 Predictions: in uncertain times, asset management is key

13 January 2017

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.

More leading takes on property

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Property Analysis

Finance

Property shares rise after May’s speech

17 January 2017

Property-related shares held up well as the FTSE 100 tanked after Theresa May’s speech on Tuesday.

Liz Hamson, editor of Propety Week

From powerhouses to power councils

13 January 2017

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.

Local government property

Local government property: on good authority?

13 January 2017

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.

Weardale House HMRC

Central Newcastle office take-up closes in on out-of-town levels

13 January 2017

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.

MORE PROPERTY ANALYSIS

Millennium Bridge

Why Brexit vote could be more of a help than a hindrance

13 January 2017

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.

Cobalt Business Park, North Tyneside

Q&A: North East sets out stall to be UK’s next digital powerhouse

13 January 2017

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.

Left to right: John Seager, David Roberts, Chris Ives and Paul Watson

Building on Sunderland’s heritage to bring about regeneration

13 January 2017

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.

More regional news & features

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Professional & People

Ben Silcock and Rachel Thompson

People Moves: Chancerygate, Meyer Bergman, Martin’s Properties and more

11 January 2017

All the latest moves, appointments and promotions from across the property sector.

Dean Young

Young to lead LSH’s industrial agency team in Manchester

11 January 2017

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.

Sustainable development eco-city

Putting the finishing touches on a sustainable development scoreboard

10 January 2017

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.

Corruption and bribery

Make sure you're keeping things clean in the boardroom

10 January 2017

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.

More Property Professional News




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