WeWork valued at just £6.1bn as Softbank moves to take control
SoftBank is in advanced talks to take a majority stake in troubled flexible office group WeWork, in a deal that values the group at just $8bn (£6.1bn).
Apple signs for 22 Bishopsgate office
Apple has agreed to lease around 100,000 sq ft of City of London skyscraper 22 Bishopsgate as it waits for its new UK headquarters at Battersea Power Station to be completed.
Corinthia Hotels to operate Reuben Brothers new property in Rome
The Reuben Brothers have acquired an 80,729 sq ft property in Italy, which is set to be developed and operated by Corinthia Hotels.
Aberdeen Standard puts largest asset in retail fund on the block
Aberdeen Standard Investments has put the largest asset in its Aberdeen UK Property Fund on the market for £89m as it looks to reduce its retail exposure.
Octopus Real Estate makes new hire
Octopus Real Estate has appointed Tim Campbell as transactions director.
SREF sign string of new lettings
Schroder UK Real Estate Fund (SREF) has secured five new lettings for its London portfolio at Battersea Studios and Kensington Village.
Private student accommodation to exceed university provision
The volume of private purpose built student accommodation (PBSA) is set to outstrip that of university-provided accommodation for the first time by the end of next year.
Proptech firm Essensys sees 26% revenue bump in first year results
Following its IPO in May flexible office proptech firm essensys has posted its first-year results showing a 26% bump in revenue and a 175% bump in profit.
Shopping proptechs PlaceWise Digital and Boostcom merge
Shopping centre specialist proptech firms PlaceWise Digital and Boostcom are merging.
Minster Building bags three new tenants
Ivanhoé Cambridge has signed a trio of lettings totalling 58,000 sq ft at the Minster Building in London.
WeWork valued at just £6.1bn as Softbank moves to take control
SoftBank is in advanced talks to take a majority stake in troubled flexible office group WeWork, in a deal that values the group at just $8bn (£6.1bn).
Candy eyes bid for Capco
Residential property tycoon Nick Candy has confirmed he has joined forces with Saudi Aradia’s Public Investment Fund to launch a bid for Earls Court and Covent Garden owner Capital & Counties (Capco).
Wise Living secures £33m BTR boost
The SDL Group’s build-to-rent (BTR) arm Wise Living has secured a further £33m of funding from investors ICG-Longbow.
RICS report is ‘step on journey’ to improving flex valuation
Report says lack of data on flexible office operations means valuation of assets is still a ‘significant challenge’
Office occupiers in Thames Valley reluctant to go green
Car use still a priority, Savills finds.
Homes England is transforming
Since returning from the RESI Convention last month, I’ve been reflecting on the changes I’ve seen at Homes England since I joined almost two years ago.
‘It’s no longer about money’ - interview with Nowsad Gani
Nowsad Gani has quietly amassed a sizeable business buying land, securing planning and then developing or selling it. The Ganco founder tells Simon Creasey how he now plans to revolutionise social housing
Co-living fund will ‘set benchmark’ for sector
JV believes dedicated fund will help tackle isolation among young professionals
Report highlights barriers to European investment in UK
Investors see UK PRS as attractive but are holding back until there is clarity over Brexit and rent controls
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