Victoria Beckham’s global headquarters in west London has been acquired by Dubai based investor SRG Holding for £16.8m.
The Law Commission has proposed the expansion of commonhold as a reaction to public and cross-party criticism of loopholes in the leasehold system. The announcement marks the beginning of a three-month public consultation on commonhold as an alternative to leasehold.
Build-to-rent developer Get Living has secured planning consent from Glasgow City Council to develop a 7.5 acre site in the city into Scotland’s largest ever BTR-led scheme.
JP Morgan Asset Management has raised €1.18bn (£1.6m) for its European Opportunistic Property Fund IV - exceeding its fundraising target by 47%.
Mixed-use business park Horizon38 in Bristol has been announced as the location for the new £32m GKN Aerospace Global Technology Centre.
The cost of senior debt on prime offices in the UK has fallen 4.5% over the last quarter to 2.79%.