All Property Week articles in 14 April 2023 – Page 3
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News
Ires REIT sale ‘not in best interest’ of shareholders, says board
The board of Ires REIT, Ireland’s largest private landlord, has rejected an activist investor’s call to sell the company, stating the process would be “disruptive for the business”.
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Online
Palmer becomes Your Tribe director
Purpose-built student accommodation (PBSA) developer Your Tribe has appointed Duncan Palmer as director of student accommodation
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Online
BPF and UK PropTech Association set to merge
The British Property Federation (BPF) and the UK PropTech Association (UKPA) have announced an intention to merge in order to drive innovation in the property industry.
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Online
Sirius posts 8% rise in annual rent roll
Sirius Real Estate has told investors that its annual rent roll across its German and UK portfolios increased by 8.1% in the year to the end of March.
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Online
Telford Homes and Notting Hill Genesis secure £66m forward-sale of London BTR scheme
Telford Homes, Notting Hill Genesis and London BTR Investments have agreed a £66m forward-sale of the build-to-rent (BTR) element of the Gallions Quarter site at Royal Albert Wharf, in London’s Royal Docks.
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Online
Silbury Finance provides £39m loan for brownfield site deal in Surrey
Silbury Finance has provided a £39m loan to Stonegate Homes to develop a brownfield site in Dorking, Surrey.
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News
PICS Telecom dials in for 66,000 sq ft at M7’s Bristol business park
Investor and asset manager M7 Real Estate has let a 66,000 sq ft logistics building on Western Approach Distribution Park in Bristol to telecom network services provider PICS Telecom.
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Online
L&G becomes Leeds’ largest BTR owner after £140m deal
Legal & General (L&G) has become the largest investor and owner of build-to-rent (BTR) property in Leeds after buying Glenbrook’s Whitehall Riverside 500-apartment development in the city for £140m.
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Online
Firms make undisclosed settlement with over 900 people on Grenfell tower civil claims
A number of firms involved in the refurbishment of Grenfell Tower have agreed a settlement with more than 900 bereaved family members, survivors and local residents for their civil claims arising from the 2017 fire.
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News
Spitfires Homes and Crest Nicholson get green light for 222-home Daventry scheme
Housebuilders Spitfire Homes and Crest Nicholson have secured reserved matters approval to build 222 homes on land at Malabar Farm in Daventry, Northamptonshire.
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News
Concerns raised over planning permission proposals for holiday lets
Government plans to require short-term rental owners in England to seek planning permission has raised concerns from property specialists.
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News
Sellar’s £1.5bn Liverpool Street redevelopment receives key backing
The City of London Chamber of Commerce (CLCC) has backed Sellar’s controversial plans for a £1.5bn redevelopment of Liverpool Street Station.
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Online
Inland Homes completes £5m fundraising and appoints review firm
Housebuilder Inland Homes has completed a £5m fundraising to finance working capital requirements by issuing a second tranche of 25m new shares at 10p per share.
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News
Blackstone’s £500m takeover of Industrials REIT agreed
Private equity giant Blackstone’s Bidco and Industrials REIT have agreed terms for the takeover of the trust in a cash deal valuing the multi-let industrial (MLI) operator at £500m.
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News
Home REIT further delays deadline for potential Bluestar takeover
Scandal-hit Home REIT has further delayed the deadline for a decision on a potential takeover by Bluestar Group.
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Information
Property Week Digital Edition - 14 April 2023
Gove accuses Railway Pension Scheme of building safety failings; Rapleys partner Simon Corp outlines the valuable role played by ‘for profit’ registered social housing providers; GLA-backed scheme helps children learn about property industry by giving Croydon a Minecraft game makeover
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Insight
Assael Architecture’s Félicie Krikler and Adam Fothergill on the difference three little words can make
There are many proposed changes to National Planning Policy Framework (NPPF) and, as a profession, three common words are about to take a whole new dimension.
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Insight
Inflation proves tricky
Futurist and author Arthur C Clarke famously observed that sufficiently advanced technology is indistinguishable from magic. This ‘law’ of science and progress was first postulated 55 years ago and is now widely acknowledged to be true.
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News
Watkin Jones expects strong H2 as it rebuilds investment pipeline
Residential-for-rent developer and manager Watkin Jones Group (WJG) is seeing appetite for forward funding continuing to recover and expects to close a number of transactions in the second half of its financial year.
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Insight
Schroders Capital’s Sophie van Oosterom on survival of the fittest investors
It’s an interesting time for real estate investors, one we may look back at as Darwinian – in some ways comparable to the survival of the fittest. Choices made today with respect to sustainability investments, tenant relationships and viable operating models will be critical to how the industry evolves and ...
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