All Property Week articles in 11 December 2020 – Page 2
View all stories from this issue.
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OnlineGovernment launches second consultation on REIT tax structure
The government has launched a second consultation in response to the real estate industry’s recommended changes to the Real Estate Investment Trust (REIT) regime, with the aim of making the UK a more competitive location for holding real estate assets.
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Lillywhites’ landlord in court battle over £3m unpaid rent
Department store Lillywhites is locked in a legal dispute with its landlord Criterion Buildings after the retailer refused to pay more than £3m in rent.
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Ilke Homes sells 57-home West Gloucester affordable housing scheme
Modular housing company ilke Homes has sold a 57-home affordable housing scheme in Drybrook, West Gloucestershire, to the Guinness Partnership, one of England’s largest housing associations.
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Ocado leases 164,000 sq ft in Bicester logistics facility
Tritax Symmetry, the logistics development company of Tritax Big Box, has signed up Ocado Retail to a speculatively developed logistics facility at Symmetry Park, Bicester.
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Aldermore provides £29m refinance facility for student accommodation
Aldermore Bank has provided a £29m, 10-year, interest only commercial residential investment refinance facility to two subsidiaries of Kexgill Limited.
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Government’s housebuilding algorithm abandoned after backlash
Housing secretary Robert Jenrick has abandoned a controversial housing algorithm that would have seen a disproportionate rise in housebuilding in the south east while reducing construction of new housing in northern England.
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Investment volumes for industrial expected to reach in excess of £7bn
Investment volumes for industrial assets are expected to reach in excess of £7bn before the year-end, according to Colliers International.
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Green light for student-led residential development in Edinburgh
The City of Edinburgh Council has granted planning permission for the development of a PBSA scheme on London Road.
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The Epta Development Corporation (EDC) buys Avon site for £200m shed scheme
A Canadian developer has made its UK debut by snapping up a 100-acre plot of industrial land in Avonmouth with plans to redevelop the site into an industrial scheme with a GDV of more than £200m , Property Week can reveal.
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Urban Logistics snaps up trio of assets
Urban Logistics, the specialist UK logistics REIT, has acquired three logistics assets for £22.9m in Huntingdon, Northampton and Fareham as part of the deployment of the capital raised from the company’s recent fundraising.
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Shelley Sandzer brings to market historic Soho site
Shelley Sandzer is bringing to market an historic site on 4-6 Old Compton Street for the first time in 30 years.
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Travis Perkins to hand back rates relief
Travis Perkins has pledged to hand back its business rates relief, joining a string of companies to do so in recent weeks.
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CPPIB seizes control of Trafford Centre
The Canada Pension Plan Investment Board (CPPIB) has taken ownership of the Trafford Centre after administrators failed to find a buyer.
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City of London Corporation approves revised Aldgate office scheme
The City of London Corporation has approved the revised plans to regenerate 60 Aldgate in the Square Mile into offices and rebuild an historic pub.
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Founder of CLS Holdings dies
The founder and executive director of CLS Holdings, Sten Mortstedt, has died today at the age of 80.
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London Square snaps up warehouse after mixed-use planning consent
Developer London Square has been granted planning permission to build a 136-unit mixed-use scheme in an old warehouse in Silver Road.
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Wigan Council appoints Galleries25 for £130m redevelopment
Wigan Council has appointed Galleries25, a joint venture partnership between Cityheart and Beijing Construction Engineering Group International (BCEGI), as the strategic development partner for the £130m redevelopment of Galleries Shopping Centre.
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MCR Property Group rakes in £3.3m more in rental income
Developer MCR Property Group has grown the annual rental income of its commercial portfolio by more than £3.3m.
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Leumi relocates to 1 Angel Court
Israeli’s largest banking group Leumi has moved to 1 Angel Court after spending 20 years in Bond Street.
