All Property Week articles in 13 January 2023 – Page 2
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NewsIndustry welcomes £60m brownfield fund
The property industry has welcomed the government’s pledge to provide an additional £60m to councils to redevelop brownfield sites for housing.
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Land Registry set for mass civil servant strike action in February
Mass strike action within the civil service next month could impact the housing market as workers from the Land Registry and Registers of Scotland are set to join thousands of government colleagues in walking out.
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Lendlease JV submits new plans for £3.5bn Silvertown megascheme
Lendlease has put forward fresh plans for its £3.5bn redevelopment to create a new neighbourhood at Silvertown in east London.
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Native Land’s Building 1 receives approval from Southwark Council
The London Borough of Southwark has granted approval for Native Land’s 80,000 sq ft sustainable office, Building 1, at its 1.4m sq ft Bankside Yards development, above Blackfriars station.
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Concord London acquires Marylebone asset for £19.15m
Concord London Developments has acquired the freehold interest in 117/123 Great Portland Street, London, for £19.15m.
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Godwin signs up Wendy’s for first UK drive-through
Godwin Developments is to add the first UK drive-through outlet for burger chain Wendy’s at its purpose-built roadside retail development Brampton Hut Services in Huntingdon, Cambridgeshire.
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Eyewear company focuses on Kensington HQ
AshbyCapital has let 22,931 sq ft at London’s The Kensington Building to EssilorLuxottica, a designer, manufacturer and distributor of ophthalmic lenses, frames and sunglasses.
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Crestbridge expands real estate funds division team
Crestbridge, the real estate financial services firm, has expanded its real estate funds team with the appointment of Emily Manning as director.
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Vistry starts year with forward sales dip but is on track for 2022 profit rise
Housebuilder Vistry Group started the year with forward sales totalling £1bn, down from last year’s £1.3bn, but is on track to report increased profits for 2022 and is expecting to reap the benefits of its £1.25bn merger with Countryside Properties.
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Foxton reports 20% rise in London residential rents for 2022
Average London residential rents climbed steadily throughout 2022 and finished the year 20% higher than at the end of 2021, according to London and Home Counties letting agent Foxtons.
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Hammerson unveils plans for major office overhaul of Birmingham John Lewis
Hammerson has submitted plans to turn the former John Lewis store in Birmingham’s Grand Central shopping centre into a major office development.
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Gigafactory firm Britishvolt enters administration
UK battery manufacturing giant Britishvolt, the UK firm behind plans for a £3.8bn gigafactory in Northumberland, has collapsed into administration.
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Allsop hires James Pullen to build business rates offer
Property consultancy Allsop has appointed James Pullen as a partner to develop its national business rates advisory team for landlords and occupiers, in the run-up to the April 2023 revaluation.
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2022 values see worst decline since global financial crisis
UK investment property values in 2022 experienced their worst year since the global financial crisis, with a total decline of 14.2%, according to MSCI’s IPD UK Monthly Property Index for December.
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Countryside/Torus JV pays £100m for Warrington housebuilding site
Investor Satnam Group has sold a 170 acre plot of land in Warrington, Cheshire, for £100m to a joint venture (JV) between Countryside Partnerships and Torus Developments, which plans to build 1,200 homes on the site.
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‘A perfect storm’ of cost increases puts national infrastructure projects at risk
“A perfect storm” of high inflation and recession is putting Britain’s infrastructure projects at risk, which in turn could jeopardise other development and levelling-up, according to a new report.
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Deutsche FI hires Watt to head asset management
Private equity real estate platform Deutsche Finance International (DFI) has appointed Sofia Watt as head of asset management.
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M&S to spend £480m on bigger stores and foodhalls
M&S is investing £480m in “bigger, better” stores across the UK, creating more than 3,400 jobs across the country, as part of its five-year store rotation programme.
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Covid policies continue to define challenges and opportunities in Asia-Pacific, says MSCI
In the latest episode of PropCast, Andrew Teacher is joined by David Green-Morgan, global head of real assets research at MSCI, to discuss the similarities and differences between real estate markets in the UK and Asia-Pacific – and the importance of data in understanding them.
