All Property Week articles in 1 December 2023 – Page 2
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Planning reform needed to ensure survival of capitalism in the UK, says report
Planning reform is needed to make home ownership a realistic goal for younger people to ensure the survival of capitalism in the UK, a new Conservative think tank report has concluded.
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Student Accommodation Awards – Meet our winners
The great and the good of the student accommodation market gathered in Greenwich on 5 December as Property Week revealed the winners of the Student Accommodation Awards 2023.
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Strettons reveals December auction catalogue
Strettons has launched the catalogue for its upcoming 13 December livestreamed auction, which features a range lots with development and investment potential across the country.
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One-fifth of first-time buyers taking out mortgages over 35 years, says UK Finance
A record-breaking one-fifth of all first-time buyers in the UK are taking out mortgages of more than 35 years in order to get onto the housing ladder, according to UK Finance.
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Gove approves 1,050-home London redevelopment scheme
Housing secretary Michael Gove has approved plans for a 1,049-home redevelopment scheme at Broadway Retail Park, London, one of three major sites in the capital to have received an accelerator loan from Homes England in 2020.
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Housing delivery to be hit as one in five councils ‘likely to declare bankruptcy’, LGA report says
Almost one in five councils said they will or are likely to declare de-facto bankruptcy, significantly impacting housing delivery, according to a survey by the Local Government Association (LGA).
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Close Brothers’ property CEO to retire
Frank Pennal is set to retire as chief executive of Close Brothers’ Property business after almost two decades at the helm.
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UKGBC and RICS reports highlight lack of sustainability progress on COP28 Built Environment Day
Reports today (6 December) from the UK Green Building Council (UKGBC) and RICS, published on Built Environment Day at the COP28 climate conference, have revealed a significant lack of progress from the industry in reducing carbon emissions.
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NAV falls but earnings leap at Schroder European REIT
Schroder European Real Estate Investment Trust’s net asset value (NAV) fell 9% in the six months to the end of September, reflecting “the impact challenging economic and geo-political risks have had on asset valuations”, the company said.
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NAV dips at Custodian
Custodian Property Income REIT’s net asset value (NAV) dipped 3.4% during the six months to the end of September.
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Cluttons partners orchestrate management buyout
Cluttons partners have completed a buyout of the famous real estate brokerage supported by private equity firm Treun Capital.
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Cityheart acquires £120m residential site in Stockport
Development and regeneration company Cityheart has acquired a 442-home residential village in Stockport with a GDV of £120m, for an undisclosed amount.
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Milton Keynes office building sells for £4m
Avalon House, a 30,284 sq ft office scheme in Linford Wood, Milton Keynes, has been sold to an undisclosed investor for £4m.
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UK industrial infrastructure ‘holding back technology superpower aims’
The UK is not on track to become a technology superpower by 2030 due to a lack of investment in the country’s industrial infrastructure, according to research from independent think tank Demos.
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Irish cinema group to enter mainland UK with Empire theatres acquisition
Omniplex Cinema Group, Ireland’s largest cinema company, has swooped to acquire five cinemas from Empire Cinemas Group, which collapsed earlier this year.
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Plymouth Community Homes gets green light for £33m affordable housing scheme
Social housing association Plymouth Community Homes (PCH) has been granted planning permission to develop a £33.5m affordable housing scheme in the city.
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HBD to buy out partner from £1bn development project in Cheltenham
Henry Boot Developments (HBD) has revealed it is to buy out joint venture partner Factory, the international tech campus developer, from the pair’s planned £1bn science and technology scheme in Cheltenham.
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Wavensmere Homes to replace L&G on £150m Wolverhampton resi scheme
The City of Wolverhampton Council has selected Wavensmere Homes as its preferred partner for the £150m Canalside South residential scheme to replace Legal & General.
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Gove delays decision on ITV Studios redevelopment for third time
Michael Gove has delayed his decision on plans to redevelop ITV’s former South Bank studios for the third time.
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Octopus Investments’ Affordable Housing Fund reaches £50m first closing
Octopus Investments has today (5 December) announced the first closing of £50m for its Affordable Housing Fund, which aims to accelerate development of high-quality affordable housing.