CapReg bounces back from pandemic as footfall and rental income rise
The group’s net rental income rose 5% and asset valuations grew 2.6% in 2023.
DLUHC gives local authorities new CPO powers to buy cheaper land
Councils will be able to purchase land for development via compulsory purchase orders.
Premier Inn owner Whitbread to close loss-making restaurants and expand hotel business
Whitbread plans to sell 126 branded restaurants over the next 24 months and convert 112 into hotel rooms.
Birmingham rejects 'ludicrous' BTR skyscraper above Georgian building
Councillor described proposals for tower with 300 build-to-rent homes as ”utterly bonkers”.
Grosvenor reports fall in asset values and profits for 2023
Pre-tax profit at Grosvenor fell by £11.2m, driven by losses in its international business.
WeWork agrees £358m bankruptcy rescue plan to shut out Neumann’s bid
The restructuring plan would effectively end Adam Neumann’s bid to buy back the firm.
Aitch Group wins appeal to drop affordable housing from Croydon scheme
The developer first Planning permission was originally granted to deliver the project in 2022.
BRiCS acquires West Sussex site to develop £19m residential scheme
The SME developer has secured outlined planning permission for 30 homes.
Gove overturns refusal of Muller’s 160-home Cheshire scheme on appeal
Cheshire East Council previously rejected the scheme on the grounds that it would not create a high quality, sustainable or beautiful place
US investor Cabot Properties snaps up Kettering Business Park units for £7.9m
Agent Watling Real Esatte said the units’ location in the ‘Golden Triangle’ logistics hot spot attracted strong interest.
Punch Pubs swoops for 24-site Milton Three portfolio as it eyes further expansion
The acquisition takes Punch Pubs’ portfolio to 1,300 properties.
Northumberland Estates lands double prelet as Durham scheme gets nod for expansion
Sainsbury’s and Burger King have agreed deals for units at the development.
Avant Homes submits plans for £20m Leicestershire scheme
The project will include 82 homes across a five-acre site.
LGIM launches student living platform with £122m purchase
Company buys two PBSA schemes in Exeter and Glasgow on behalf of Legal & General Retirement Institutional.
Derwent London sells Clerkenwell office block for £77m
Titan Investments has snapped up the 70,300 sq ft building.
GPE makes raft of appointments as it targets 1m sq ft of flex space
GPE’s is looking to double the size of its flexible office portfolio.
Chancerygate gets greenlight for Leatherhead logistics scheme
Victory Park will comprise 13 leasehold units ranging from 3,000 to 19,000 sq ft.
Lidl’s former head of property joins Co-op
Hargreaves will report to Co-op group property director Heather Thomas.
Murray joins Bidwells to head operational living department
Firm acquires Murray’s Cortland Consult business to expand in operational living sector.
Foundation and Deer Capital acquire Hartford Care for £100m
The deal will back Harford Care’s plans to double the size of its portfolio by 2026.
Edmond de Rothschild appoints Dhananjai as CIO for REIM business
Teh company has also hired two other professionals to support development of its European real estate investment management arm.
Supermarket Income REIT buys £64m French portfolio
The portfolio comprises 17 Carrefour Market supermarkets.
Global Apartment Advisors announces trio of appointments
The hires are part of GAA’s ongoing expansion across the living sectors.
Salboy submits plans for tallest tower outside London
The 76-storey residential tower in Manchester will consist of 782 apartments.