China’s Tower Bridge ‘super embassy’ plans thrown out
China’s bid to build Europe’s largest embassy, on the site of the old Royal Mint near Tower Bridge, has been thrown out by Tower Hamlets council.
Salboy buys Boddington brewery site for £195m mixed-use scheme
Property developer and funder Salboy has acquired the former Boddington brewery site on the northern edge of Manchester city centre for a mixed-use scheme expected to generate £195m GDV, Property Week can reveal.
Apache Capital exits student accommodation with £30m plus asset sale
Apache Capital, real estate investment manager, has sold its remaining student accommodation asset to Singaporean investor City Developments Limited for £30m-plus.
Hounslow 348-affordable homes development greenlit
Hounslow Council has given the go-ahead to a 348-home development scheme next to Hounslow West Tube station.
JLP enters BTR market in £500m JV with abrdn
Retail giant John Lewis Partnership (JLP) has entered the Build-to-Rent (BTR) in a £500m joint venture (JV) with insurer abrdn to build 1,000 residential Build-to-Rent (BTR) homes.
Conygar submits plans for 249,000 sq ft Nottingham bioscience facility
The Conygar Investment Company has submitted a detailed planning application for a 249,000 sq ft bioscience facility containing laboratory and office space in Nottingham’s Island Quarter development.
Office sector must change to reach net zero, warns BCO
Businesses will miss net zero targets if they do not fix the carbon footprint of their offices, the British Council for Offices (BCO) has warned.
Greater building powers for Cornwall in £360m devolution deal
Cornwall Council is set to gain greater control over building policy in a devolution deal announced by the Department for Levelling Up, Housing and Communities (DLUHC).
Government amends Financial Services and Markets Bill relating to PIFs
The UK Government has made amendments to the Financial Services and Markets Bill relating to Professional Investor Funds (PIFs), which is set to plug a gap in the UK fund offering and provide a boost for real estate and other UK fund managers.
Industrials REIT sees rent growth accelerate for H1
Industrials REIT saw its average passing rent increase by 29% on new lettings and lease renewals in the six months to 30 September 2022, the highest growth rate achieved to date.
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Government amends Financial Services and Markets Bill relating to PIFs
The UK Government has made amendments to the Financial Services and Markets Bill relating to Professional Investor Funds (PIFs), which is set to plug a gap in the UK fund offering and provide a boost for real estate and other UK fund managers.
Industrials REIT sees rent growth accelerate for H1
Industrials REIT saw its average passing rent increase by 29% on new lettings and lease renewals in the six months to 30 September 2022, the highest growth rate achieved to date.
NAV dips at ReSi
Net asset value (NAV) at Residential Secure Income (ReSI) dipped during the year to the end of September as the value of the group’s portfolio was hit by the “macro environment”.
Industrial sector bears the brunt of business rate rises
While large-scale occupiers such as Amazon can absorb big increases, for others it may well prove critical.
UK retail sales slowing sharply but recovery is predicted in 2024
Annual total UK retail sales for 2022 are set to slow by 4.5% compared to 2021, to £443bn, as the economic slowdown and inflation weighs on households’ purchasing power, according to AEW Research’s 2023 European Annual Outlook report.
It’s beginning to look like Christmas
Christmas arrived early for the housing market this year. Not from a bedazzled child’s aspect; more, at least it would seem from early evidence, from a turkey’s.
Q&A: Connells chairman on the evolution of the housing market
Stephen Shipperley, also co-founder of Rightmove, reflects on resi’s transformation over his 45-year career.
Landlords told to act following Rochdale mould death verdict
The death of toddler Awaab Ishak has exposed serious failings in the way property concerns are addressed.
Q3 commercial auction sale volumes leap 18% year on year
Commercial property auction sales totalled £275m in Q3, up 18% year on year and more than double the 10-year average for the quarter, according to the Acuitus cPad report.
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Expert comments
Save on energy and earn money
It’s beginning to look like Christmas
Proving your green credentials
Adaptable investors will succeed
The year ahead: we can’t hide away
Save on energy and earn money
It’s beginning to look like Christmas
Proving your green credentials
Adaptable investors will succeed
The year ahead: we can’t hide away