All Property Week articles in 13 July 2018
View all stories from this issue.
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Online
Sinclair to lead new Knowledge Quarter Development Company
KQ Liverpool chief executive Colin Sinclair has been appointed to lead the newly formed Knowledge Quarter Development Company as it proceeds with plans to create a £2bn development.
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News
RICS survey reflects retail woes
Tenant demand for retail space is falling dramatically, according to the latest RICS UK Commercial Market Survey.
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News
House of Lords urges construction industry to speed up adoption of off-site manufacture
The construction sector ”cannot efficiently meet the need for housing and may struggle to meet the need for infrastructure”, according to a new House of Lords report.
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Online
Hussey stands down from Taylor Wimpey non-exec role to focus on Almacantar
Taylor Wimpey has announced that Almacantar chief executive Mike Hussey has stood down from his role as a non-executive director with the housebuilder.
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Online
Patron and First Base get green light for £100m AMEX House conversion in Brighton
Developer First Base and investor Patron Capital have received planning consent for their £100m mixed-use redevelopment of the former AMEX House in Brighton.
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News
Big Yellow Group announces 7.6% revenue rise
Big Yellow Group has reported a 7.6% increase in like-for-like revenue in a trading update for the first quarter.
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News
Amstar shuffles global leadership as president steps down
Amstar has appointed Matthew Karp, Christopher Zeuner and Erin Little to oversee the real estate investment company’s investments and operations in the Americas and Europe.
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News
Supermarket REIT buys Sheffield Morrisons and arranges £52.1m loan facility
Supermarket Income REIT has acquired a Morrisons’ supermarket in Sheffield from Opus North for £51.7m and secured a new £52.1m loan facility.
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Online
Glenveagh Properties' shares fall on equity raise
Shares in Glenveagh Properties fell 4.9% on Wednesday to €1.16 after the Irish housebuilding firm announced it is seeking to raise €205m (£182m) in equity to fund further site acquisitions.
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Online
OakNorth serves up Coronado loan for luxury Wimbledon development
Developer Coronado has secured a £15.3m loan from challenger bank OakNorth to develop a luxury residential development in the centre of Wimbledon Village, Property Week can reveal.
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News
Reed Smith giving up two floors of Broadgate Tower
American law firm Reed Smith is giving up two floors of its Broadgate Tower office following a review of its real estate requirements in the City.
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Online
Poundworld accelerates store closure programme
Administrators to Poundworld have announced the closure of 40 further stores, adding to the 105 stores the discount retailer had said it would close in June, after failing to find a buyer.
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News
Regional REIT launches retail bond
Regional REIT has launched a bond offer of 4.5% sterling bonds due 6 August 2024.
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News
JLL promotes Bowen to new international investment role
JLL has promoted its head of retail capital markets, Fraser Bowen, to a new role as head of international investors, Europe.
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Online
Scottish BTR accelerating but still 'not punching its weight'
New research on Scotland’s build to rent sector has highlighted a significant gulf between England and Scotland on planned BTR homes, with Scotland having 4,000 homes built, in planning or under construction compared to 124,000 in England.
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News
AEW Long Lease REIT sees 4.56% rise in NAV for second quarter
AEW UK Long Lease REIT has seen a 4.56% rise in NAV for the second quarter of this year to 30 June.
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Online
Clearbell buys £28m Octagon retail park
Clearbell Capital has acquired Octagon Retail Park in Stoke for £28m representing an initial yield of 8.3%, on behalf of its Clearbell Property Partners III fund.
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Online
Haringey Council scraps £4bn JV with Lendlease
Haringey Council has scrapped its £4bn joint venture with developer Lendlease which aimed to deliver more than 6,000 homes over the next 20 years.
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Online
Hedge fund pioneer Lord Fink invests in proptech platform British Pearl
Prominent peer Lord Stanley Fink, often described as the “godfather of the hedge fund industry”, has invested £7m in proptech investment platform British Pearl.
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News
Equity raised for funds of funds doubles to $8.1bn
Investors pile into real estate funds of funds in search of diversification as sector ‘remains in good health’.