All Property Week articles in 1 December 2023 – Page 3
-
InsightThe business of banking: why choosing the right bank can make all the difference to your property business
According to the Competition and Markets Authority, 85% of SMEs bank with either Barclays, Lloyds, HSBC, NatWest and Santander.
-
OnlineSainsbury’s agrees HQ move to The JJ Mack Building
Sainsbury’s has agreed to move its UK head offices to Helical and Ashby Capital’s The JJ Mack Building in Farringdon, London, in the next two years.
-
OnlineTrio of leases brings AXA’s 22 Bishopsgate to 92% let
AXA IM Alts has agreed a trio of new leases for more than 65,000 sq ft at 22 Bishopsgate, bringing the 62-storey prime City of London offices to 92% let.
-
NewsQuarter of landlords plan to increase their portfolios in 2024
Research from Butterfield Mortgages has found over a quarter of private landlords in the UK plan to increase their portfolios in 2024, with only 7% planning to sell properties in the new year, despite speculation there will be an exodus from the sector due to market conditions and the implementation ...
-
NewsCriterion splashes £135m on Haymarket House for hotel redevelopment project
Criterion Capital has acquired Haymarket House in London’s Piccadilly Circus for a reported £135m.
-
OnlineAdlington Retirement Living secures £75m funding to spur growth
Adlington Retirement Living has secured a £75m development facility from NatWest and Homes England that will be used to accelerate the growth of the group’s investment pipeline across England, Property Week can reveal.
-
OnlineShaftesbury secures £300m refinancing loan
Shaftesbury Capital has secured a £300m unsecured loan with an initial maturity of three years.
-
OnlineTritax EuroBox reports NAV decrease
Net asset value (NAV) at Tritax EuroBox slumped 25% in the year to the end of September as yields moved out across the property sector.
-
OnlineNAV slumps at ReSI as the retirement living group swings to a loss
Residential Secure Income REIT (ReSI) has posted a 16.2% fall in net asset value (NAV) for the year to the end of September.
-
OnlineValor completes £101m loan on London urban logistics assets
Valor Real Estate Partners has secured a five-year £101m loan from Canada Life Asset Management.
-
OnlineNetwork Rail unveils Cardiff redevelopment masterplan
Network Rail has unveiled its Cardiff Central Station redevelopment masterplan to convert over 10-acres of railway land into new mixed-use residential space.
-
OnlineClarke appointed permanent chair of Standards and Regulations Board
Nigel Clarke has been appointed as the permanent chair of RICS’ Standards and Regulations Board (SRB).
-
OnlineMcLaren acquires Watford Police Station and Magistrates Court for BTR scheme
Residential developer McLaren Living has acquired Watford Police Station and Magistrates Court from the Police & Crime Commissioner for Hertfordshire to deliver a 300-unit build-to-rent (BTR) scheme.
-
OnlineGove calls in proposals for Stratford’s MSG Sphere, but developer says the scheme is dead
Housing secretary Michael Gove has officially called in proposals for the Las Vegas-style Madison Square Garden (MSG) Sphere in Stratford, east London, after mayor of London Sadiq Khan rejected controversial plans for the entertainment venue.
-
OnlineScape Living puts £67m Brighton PBSA scheme on the market
Scape Living has placed a purpose-built student accommodation (PBSA) scheme in the centre of Brighton on the market, seeking offers in excess of £67m.
-
OnlineLXi director John Cartwright dies aged 70
John Cartwright, a non-executive director at LXI REIT, has died at the age of 70.
-
OnlineLife Science REIT lets Oxford Technology Park’s Building 6A
Life Science REIT has let Building 6A at Oxford Technology Park (OTP) to Oxford Ionics, an Oxford University spin-off firm and pioneer in quantum computing.
-
OnlineCohort agrees £175m refinancing of UK’s most expensive home
Specialist lender Cohort Capital has refinanced a £175m London mansion, once described as the UK’s most expensive home, for a private Middle Eastern bank.
-
OnlineSaudi’s PIF buys 49% stake in Rocco Forte Hotels for £590m
Saudi Arabia’s sovereign wealth fund is set to buy a 49% stake in luxury hotel group Rocco Forte Hotels for around £590m, according to a report in the Financial Times.
-
NewsMajestic builds up its property team with the arrival of two new roles
Specialist wine retailer Majestic has created two roles in its property team as it begins to accelerate its expansion plans.
