Digital Edition
Property Week Digital Edition – 12 April 2024
Developer Reef Group takes Property Week on an exclusive preview tour of the first phase of its Tribeca life sciences campus in King’s Cross, due to be completed next month - An increase in passenger numbers is driving demand for additional retail and food and beverage options at airports
All the content from the latest issue of Property Week
Blackstone set to acquire Britishvolt’s gigafactory site for £110m
This comes after Australian start-up Recharge was selected as the preferred buyer in January 2024.
Foxtons appoints adviser NM Rothschild as shareholder pressure to sell grows
Several large shareholders want Foxtons to find a buyer for the business, according to reports.
Hostmore makes £177m bid for TGI Fridays
TGI Fridays’ chairman said the acquisition had a “compelling and highly complementary strategic logic to it”.
Newlife appoints property consultants to drive charity store expansion
Johnson Fellows and Andy Guest & Co to will also advise the charity on leases and rent reviews.
Greenland steps down as chief executive of PLP
Chief investment officer Neil Dickinson has been appointed to lead the business going forward.
VIVID secures £75m loan facility from Nationwide
The housing association said it would use the funding to improve existing homes and build new energy efficient properties for customers.
UK self-storage industry breaks through £1bn-turnover barrier
The sector turned over just under £1.1bn in 2023, exceeding £1bn for the first time.
Failure to enact no-fault eviction ban has put 80,000 households at risk of homelessness, charity reports
Charity Homeless Link has called on government to pass the Renters Reform Bill following five years of inaction.
Consultation begins on 60 Gracechurch Street redevelopment plans
Obayashi Properties UK and Sellar are seeking views on proposals for a highly sustainable office scheme.
Hines puts Oxford Street retail and resi scheme on market for over £45.75m
Savills and Knight Frank are marketing the property.
Balanced Commercial Property Trust mulls portfolio sale as it launches strategic review
BCPT’s board said it would consider all options, including selling the portfolio or subsidiaries, or a managed wind down of the company.
Mapletree expands PBSA portfolio in Europe with £1bn acquisition
The deal will see the Singapore-based firm take control of more than 8,000 beds across 31 assets.
Commercial property investment volumes hit £8bn in Q1
Investment this year is on course to be 12% up on 2023’s total, Savills reports.
Hines to forward-fund Olympian’s £100m Newcastle resi scheme
The project will see the development of more than 500 zero-carbon homes.
London Square acquires Westminster Tower from CLS for £40.8m
The deal comes after the sale between CLS and Australian developer Third.i collapsed early this year.
Outpost Management appoints Sheridan as director of investments
Sheridan was previously vice-president of Cain International.
Elite Commercial REIT plans to expand into UK living sector
The REIT said it would also continue to focus on the social infrastructure asset sector.
Koba leases Manchester site for UK flexi office debut
The workspace provider has agreed a partnership lease on a 10-year term with AEW.
Beer keg logistics firm moves into MK 147
US-based company Kegstar is expanding its presence in Europe.
Sirius reports 8.2% rise in rent roll as acquisition pipeline ‘remains strong’
Sirius achieved an 8.2% increase in overall rent roll despite wider macroeconomic conditions.
The nine key principles of regeneration
A new study from Trowers & Hamlins highlights a set of criteria for developers to apply to rejuvenation projects.
Grant Stanley’s Davis joins Strettons as director
He will join as director of the firm’s valuation department.
Wise Living selected to manage and let 900-home PGIM North West portfolio
The homes are spread across 15 schemes in Manchester and Liverpool.
Lighthouse becomes latest MMC developer to collapse into administration
The Sheffield-based firm has ceased to trade and all 113 members of staff have been made redundant.
Savills buys flex advisory business to grow Workthere offer
The newly acquired Situu will be combined with the consultancy’s existing flexible office specialist business.
Property Week Digital Edition – 12 April 2024
Developer Reef Group takes Property Week on an exclusive preview tour of the first phase of its Tribeca life sciences campus in King’s Cross, due to be completed next month - An increase in passenger numbers is driving demand for additional retail and food and beverage options at airports
Poundstretcher bought by Majestic Wine and Punch Pubs owner
US firm Fortress has struck a deal to acquire the UK discount retail chain and its 322 stores.
Former school in Kent leads Clive Emson’s May auction
The May catalogue features 149 residential and commercial lots from across southern England.
Colliers promotes 55 employees across UK business
Second-guessing second staircases
Experts question the value of clarified second-staircase rules
Q&A: Five minutes with Zoë Allen, founder of art consultancy Artistic Statements
Good lab design needs to be agile
Demand for airport food and beverage takes off
The power of pulling together
Town Moor could be so much more
The untapped potential of UK BTR
An exclusive preview tour of the Tribeca life sciences campus in King’s Cross
Uncertainty reigns on the high street
We need supply-side reform now
