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Online
Unite sells six student schemes to PGIM for £184m
The properties in Birmingham, Cardiff, Leicester, Liverpool, Nottingham and Sheffield are older than Unite’s portfolio average.
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Investec provides Realstar with £22m loan for Manchester multi-family scheme
UNCLE Manchester comprises studio and one-bedroom apartments in a grade II-listed former warehouse built in about 1914.
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Introducing a smart conversion brand from Hilton
The newest addition to the Hilton portfolio, Spark by Hilton is a premium economy hotel brand that delivers a simple, reliable and comfortable stay, all at an accessible price. For developers, Spark by Hilton leverages an innovative conversion model to offer a compelling investment option for owners.
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Industrial & Logistics supplement May 2024
Prime assets lead a 6.9% rise in I&L rents in year to March 2024 - Developers take healthy interest in outdoor space - UK MD Greg Cooper on its growth plans - Q&A with Tritax Big Box CEO Colin Godfrey - Five minutes with Infinium Logistics’ Cheryl Perry
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JTRE London appoints Keegan as head of acquisitions ahead of growth push
Former head of Knight Frank’s development team is latest recruit at JTRE.
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Derwent London sees rebound in occupier demand as it seals C&W letting
The company reported growing demand with “a positive trend of broader interest across all our London villages”.
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Bloom and TPG Angelo Gordon buy Poplar Business Park for £21.5m
The buyers plan for the park to remain an industrial estate, despite the site having planning permission for 225 homes.
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Carmichael Homes secures £11.6m funding from Downing
Downing Property Finance has provided financing for The Fieldings in East Kilbride and a project in Roslynlee.
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Zenzic Capital grows property lending team with two hires
Lender appoints development finance vice-president and credit analyst in London to unlock new lending opportunities.
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Target Healthcare toasts “attractive returns” as NTA rises 2.2%
The company reported a portfolio of 98 assets let to 33 tenants, valued at £934.8m, at the end of Q1 2024.
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Godwin Developments gets green light for Wisbech Gateway scheme
The scheme will include 60,000 sq ft of industrial space, a hotel and petrol station.
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Reynolds to step down as Mace chief executive
The consultancy and construction firm is embarking on long-planned succession changes.
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Amazon to build £500m warehouse on former SEGRO site in Northampton
SEGRO sold the site, which has planning conset, to Amazon last year.
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Landsec sells hotel portfolio to Ares for £400m
The 21-asset Novotel and Ibis hotel portfolio is fully let to AccorInvest.
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Hutchings quits CapReg to take up CEO role at Workspace
The CapReg chief executive will replace Graham Clemett at the flexible office group.
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Home REIT continues sell-off as if faces FCA investigation
Trading in shares of the REIT has been suspended since January 2023 after a damning short-seller report from Viceroy Research.
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IWG confident of hitting full-year profit forecast
The trading update follows rumours that the London-listed firm has been weighing up a move to the US.
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House prices expected to ‘rise modestly’ over 2024, Halifax reports
Property values were up 1.1% year-on-year in April, with the average UK house price standing at £288,949.
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Industry heavyweights Hyman and Hopkins target £500m listing for new investment group
Industry veterans including Primary Health Properties founder Harry Hyman and former Workspace head Jamie Hopkins launch venture.
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Cain International reveals merger with Blackbrook Capital
The merged group of Cain International and Blackbrook Capital will bring the firms’ combined assets under management to over $17bn (£13.6bn).