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Property Week - Latest Issue
Property news and features from the current issue of Property Week.
Snapchat is set to almost triple its current presence in London having agreed terms to occupy 20,000 sq ft of space in Shaftesbury Avenue.
The social care sector is “on the cusp of a national crisis” after more than double the number of care homes closed last year than opened.
Savills has notched up its best auction result in a year - raising £64m in its first sale of 2017.
Average salaries and bonuses have fallen across the property industry in the past year as a result of a cooling market and the blow to confidence delivered by the Brexit vote.
A Singapore-based real estate firm has bought the Temple Bar Hotel in the Temple Bar area of Dublin for €55.1m (£46.8m).
A new buy-to-let crowdfunding company that allows investments to be made “in less than three minutes” is to launch next week.
Drum Property Group is close to selling an Aberdeen office for £40m in a deal that would eclipse the total investment in the city’s office market for the whole of 2016, Property Week can reveal.
A property developer who is suing the Candy brothers over a loan for a London residential development lied to existing creditors about his £42m purchase of the site, the High Court heard this week.
Travelodge is set to add two new hotels in north London to its portfolio as part of a plan to open at least 60 properties in the capital.
A Credit Suisse fund is on the verge of buying the Cuprum building in Glasgow for £28m in what would be the biggest office acquisition in the city since the Brexit vote.
Shares in CBRE, JLL, Savills and Colliers International have bounced back to pre-EU referendum levels - boosted in the past fortnight by better than expected financial results.
The emphasis of last week’s housing white paper - more green than white in nature - was on consultation, with a helpful emphasis on multi-tenures and on a diverse and broadening array of players that can contribute. The industry now has a chance to help shape practical policy for the sector as a whole.
The effect of the permitted development rights (PDR) regime has been remarkable in giving many obsolete office buildings a new lease of life - usually as residential developments.
The scale of the redemptions from retail property funds in the immediate aftermath of the EU referendum may be less than first thought.
Rising rents and falling ownership are an unhappy political combination, particularly for the Conservative Party.
A decade ago, Aldi was the 10th biggest food retailer in Britain. Now it has overtaken the Co-op to claim fifth place.
It would be easy to have a gloomy outlook in London at the moment.
Average salaries and bonuses have fallen sharply in the past year as the double whammy of a cooling market and the Brexit vote hit home, reveals the annual RICS and Macdonald & Company UK salary survey, shared exclusively with Property Week.
Industrial take-up in the final quarter of 2016 hit a record high of 13.9m sq ft, boosted by strong demand from online and discount retailers, figures from Gerald Eve’s Prime Logistics bulletin show.
We knew bonuses in the agency world were likely to be down this year in the wake of the EU referendum, which is why earlier this month we investigated the connection between the anticipated slump and recent flurry of high-level people moves in our feature, Agents of Change.
The volume of syndicated commercial property loans in the UK and across Europe, the Middle East and Africa (EMEA) fell sharply in 2016, Dealogic data has revealed.
It is more than 20 years since the cult movie Pulp Fiction introduced audiences to the concept of premium milkshakes. In a pivotal scene set in a retro diner, Uma Thurman’s character orders a $5 (£4) shake, much to the astonishment of her date.
Tony Kitous came to London on holiday from Algeria in 1988 at the age of 18 with just £70 in his pocket and nowhere to stay. He never left.
Professional & People
In March 2016, BHS entered into a company voluntary arrangement (CVA) with its creditors, designed to transform the company’s fortunes and avoid full-blown insolvency. Just a few weeks later, the retailer collapsed into administration.
In theory, housebuilders developing smaller sites don’t have to make affordable housing contributions. There is, after all, a written ministerial statement (WMS) saying as much, and local plans are supposed to fall in line with national policy.