All Property Week articles in 1 December 2023
View all stories from this issue.
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NewsGulf billionaire buys former Mayfair embassy for £25m
Land Registry records show the property was last sold in 2013 for just under £10.7m.
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NewsLevelling-up transformation of Ellesmere Port Market gets go-ahead
The scheme, funded by DLUHC, will see the existing market building renovated with external alterations.
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NewsALMCOR and Cerberus Capital swoop for Bridgwater industrial site
Joint venture’s £20m purchase follows acquisition of industrial parks in Preston and Melton Mowbray.
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NewsA&o Hostels seeks office and retail properties for £427.5m expansion drive
The UK in included as firm seeks wide range of properties for pan-European expansion plan.
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NewsWestminster rejects Criterion’s Pimlico hotel conversion to prevent loss of office space
The plans were put forward by Eccleston Square London, an investment vehicle for Asif Aziz’s Criterion Capital.
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InsightVatican court sentences cardinal to five years in prison over London real estate scandal
A Vatican criminal court has sentenced Cardinal Angelo Becciu to over five years in prison after he was convicted of embezzlement and fraud in relation to a London real estate deal.
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InsightBetter Bankside's Nicole Gordon on how culture can light the way back to London desks
London bosses, led by those in the banking sector, are now stipulating that their staff must come back into the office more regularly, with some, including JP Morgan and Goldman Sachs, taking a particularly tough ‘most day’ stance.
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InsightBW: Workplace Experts’ Kevin P’ng on the folly of waiting for lower construction costs
The commercial fit-out market has had a challenging year. Economic and geopolitical instabilities, the domestic policy landscape, higher borrowing costs and surging construction prices, have all contributed to hesitancy and uncertainty. Both developers and end users have been biding time, waiting for pricing and the market to settle.
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InsightButterfield Mortgages’ Alpa Bhakta on why lenders are looking beyond prime central London resi
For many years, the appeal of owning a property in one of the world’s cultural and financial hotspots, coupled with the potential for substantial capital appreciation, has attracted investors from all over the world to the prime Central London (PCL) property market.
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InsightBrickflow’s Ian Humphreys on a framework to address the housing crisis
Following Labour leader Sir Keir Starmer’s pledge to build the ‘next generation’ of new towns and 1.5 million new homes as part of ‘a decade of renewal under Labour’, and ahead of what will be a key political battleground in the lead up to the election, Brickflow’s ‘Solving the UK’s ...
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NewsFour developers receive loans totalling more than £250m to support delivery of 1,500 new homes
Four housing developers have secured 10-year loans totalling £256.5m through the government’s Affordable Homes Guarantee (AHGS) scheme to support the delivery of around 1,500 new homes.
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NewsLSE picks Bouygues and Equitix for Bankside House PBSA development
The London School of Economics and Political Science (LSE) has selected a consortium comprising Bouygues UK and Equitix as the preferred development partner for the redevelopment of the existing Bankside House student accommodation in Southwark, London.
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InsightHandelsbanken’s Simon Bradley on what private landlord exodus means for the rented housing market
It is not news – at least not to anyone involved in the sector – that the UK is en route to something of a rental crisis, at least in the short term.
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NewsKnight Frank bolsters residential land team with two senior hires
Property consultancy Knight Frank has announced the appointment of Charlie Hart and Nick Alderman to its residential land team.
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NewsGove’s leasehold reform plans could cost taxpayers over £31bn, says RFA
Housing secretary Michael Gove’s plans to cap ground rents in England and Wales could cost taxpayers over £31bn in compensation, according to the Residential Freehold Association (RFA).
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NewsMDM and Hana secure £90m refinancing for West Midlands retail park
MDM Asset Management and Hana Securities have secured a £90m refinancing deal for Gallagher Shopping Park in Wednesbury in the West Midlands.
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NewsPIC lends £30m to Medway Housing Association
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has made a second private placement investment of £30m in secured debt issued by Heart of Medway Housing Association.
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NewsLocale snaps up real estate events firm
Leading occupier experience platform Locale has bought real estate events agency Evergreen Reputation to strengthen its experiential offering.
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NewsMigration crackdown could ‘worsen’ workforce shortages, industry experts say
Government measures to cut net migration to the UK will worsen acute workforce shortages across the built environment and “further shrink the talent pool”, with construction, and by extension development, likely to be hit hard by the move.
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NewsRAAC identified in 950 Scottish social homes, regulator finds
The Scottish Housing Regulator (SHR) has revealed more than 950 social homes were found to have Reinforced Autoclaved Aerated Concrete (RAAC) present in their properties.
