All Property Week articles in 12 August 2022 – Page 2
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News
Prologis spends £200m on two London logistics sites
US real estate giant Prologis has acquired two last-mile logistics estates, Central Park in Park Royal and Imperial Park in Watford, for £200m from Schroders Capital.
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LondonMetric sells Birmingham and London assets for £26m
FTSE 250-listed REIT LondonMetric Property has sold sites in Birmingham and London for a combined £25.6m, reflecting a blended net initial yield of 5.3%.
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Bellway adds strategic land unit for South West and Wales
Homebuilder Bellway has completed the overhaul of its nationwide strategic land business unit with the launch of a team for the South West and Wales regions.
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McCarthy Stone recruits new Midlands MD
Retirement community developer McCarthy Stone has appointed Katie Fisher as the new managing director of its Midlands division.
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Online
Three ways to recession-proof your development business
There’s some uncertainty about whether or not the UK is actually in a recession at the moment. But the current financial downturn and increasing cost of living mean that if we’re not officially in one already, it is likely just around the corner.
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Lewis Ellis bolsters team with two hires
Real estate investment adviser Lewis Ellis has strengthened its team with the addition of a new salaried partner and a team assistant.
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Software firm takes 30,000 sq ft at Dublin office park
Software and analytics firm Cubic Telecom has taken out a long-term lease for nearly 30,000 sq ft of Dublin office space at The Hive Sandyford.
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Six new lettings at Thames Valley’s Lexicon retail scheme
A joint venture between Schroders Capital UK Real Estate Fund (SCREF) and Legal & General Capital has secured a flurry of new signings at new retail and leisure scheme The Lexicon in Bracknell.
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Mike Ashley’s Fraser Group offloads £205m retail park portfolio
Frasers Group, the retail group owned by Mike Ashley, has offloaded a portfolio of retail parks to investment vehicle RI UK 1 in a £205m deal.
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Flannels and Sports Direct open flagship stores at Metrocentre
Retailers Flannels and Sports Direct are to open new flagship stores for the North East in Metrocentre, Gateshead after exchanging contracts with the Metrocentre Partnership.
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Demographic swing to make Surrey a later-living hotspot
Surrey is on course to see an almost 10% rise in the number of over-60s residents over the next four years, according to research by proptech firm LandTech.
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Vita proposes 987-room PBSA scheme at Nottingham regeneration site
Vita Group has revealed plans for a PBSA-led development creating 987 student rooms at Nottingham’s Guildhall regeneration site.
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Palace Capital’s Starr latest to step down
Palace Capital’s executive property director Richard Starr is to step down from the property investment company’s board.
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Dream Factory takes Shoreditch office spot
Truman Estates has signed content creation company The Dream Factory to its 4 Chance Street building in Shoreditch, replacing previous occupiers Gucci and Beats by Dre.
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Royal London signs trio of lettings to Manchester office
Royal London Asset Management has confirmed a trio of lettings at its One New York Street scheme in Manchester.
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Green light for McLaren’s £85m BTR scheme in Leeds
Developer McLaren Living has secured planning consent for its £85m build-to-rent (BTR) scheme in Leeds.
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Derwent half-year profits up but office deals ‘taking longer to complete’
Derwent has reported pre-tax profits of £137.1m for the six months to 30 June 2022, a 13.2% increase on the £121.1m reported for the first half of last year.
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