All Property Week articles in 14 October 2022
View all stories from this issue.
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NewsRevolution Bars picks up Peach pubs in £16.5m deal
Revolution Bars Group is paying £16.5m to acquire The Peach Pub Company to create what it says will be a “more balanced and diversified business”.
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NewsProperty market in demand despite market uncertainty as PM resigns
Sterling rallied to $1.13 and rose above the dollar today and government borrowing costs slipped as investors reacted to the resignation of prime minister Liz Truss.
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NewsSSE and Oxford Properties plan UK-wide EV charging network
SSE Energy Solutions, part of the FTSE-100 energy group, has signed an electric vehicle (EV) charging partnership with real estate investor Oxford Properties (Oxford).
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NewsLongfellow, PSP and Norges to invest £1.5bn in UK life science real estate
Longfellow Real Estate Partners has teamed up with PSP Investments and Norges Bank Investment Manager (NBIM) to invest £1.5bn in the UK life sciences property market.
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![Turnbull, Catherine[83]](https://d2bq2usf2vwncx.cloudfront.net/Pictures/100x67/9/4/9/1870949_turnbullcatherine83_446965_crop.jpg)
NewsHines hires boost project management and development teams
Hines UK, part of the global real estate firm, has made four new appointments to bolster its project management and development teams.
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NewsShortage of development sites props up land values
Regional development land values have continued to increase in Q3 2022 despite a challenging economic backdrop, Property Week can reveal.
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NewsMSCI reports fall in commercial returns and values
A negative return of 2.3% year on year has been recorded for September’s MSCI’s UK Monthly Commercial Real Estate Index.
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NewsWest End office take-up down 23% year on year in Q3
Companies committed to 1.2m sq ft of London West End office space in the third quarter of 2022, down 23% year on year but “in line with the long-term average”, according to Knight Frank.
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NewsRailpen funds Sunderland NHS mental health development
Pension manager Railpen is to fund the redevelopment and extension of a mental health facility in Sunderland for the Cumbria, Northumberland, Tyne and Wear NHS Foundation Trust.
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NewsWetherspoon to sell historic cinema site
Pub operator JD Wetherspoon has appointed agents CBRE and Savills to sell the historic State Cinema building in Grays, Essex.
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NewsPLP begins speculative construction of Stafford big box site
Industrial property owner PLP, owned by Ivanhoé Cambridge, Macquarie Asset Management and Peel L&P, has begun developing a 344,478 sq ft speculative logistics unit at Stone Business Park, Stafford.
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NewsLiz Truss resigns as UK prime minister
Liz Truss has resigned as prime minister after just 44 days in the role, sparking a new Conservative leadership election.
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NewsBath post office to get Fashion Museum makeover
Bath and North East Somerset Council (BNESC) has acquired a 30,000 sq ft, grade II-listed post office building to rehouse Bath city’s Fashion Museum.
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NewsBTR market could ‘rise fivefold and be worth £170bn by 2032’
The number of completed build-to-rent (BTR) homes could increase fivefold to reach 380,000 in a decade, with the sector’s worth growing to £170bn, according to Savills and the British Property Federation (BPF).
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OnlineSupply shortages continue to boost SEGRO
SEGRO has told investors that its industrial and logistics property portfolio is benefitting from a continuation of limited supply and should “continue to support high levels of rental growth”.
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OnlineM7 opens up for business in Dubai
M7 Real Estate has opened its first office in the Middle East in an effort to capitalise on strong demand for European real estate from investors in the region.
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NewsAlcohol duty U-turn could cause ‘mass collapse’ for night-time sector
Chancellor Jeremy Hunt’s surprise decision to scrap the proposed freeze on alcohol duty has piled further misery on the embattled hospitality sector, with the Night Time Industries Association (NTIA) warning of the likely closure of one third of its members’ venues.
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NewsCadillac Fairview and Stanhope to buy Cambridge Science Park
Canadian investor Cadillac Fairview, the real estate arm of Ontario Teachers’ Pension Plan, and UK developer and asset manager Stanhope have entered a partnership to purchase a 110,000 sq ft trio of properties at Cambridge Science Park.
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NewsCortland appoints Tracey Hartley as COO
Cortland, the built-to-rent (BTR) real estate investment, development and management company, has appointed Tracey Hartley as its chief operating officer for Europe.
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NewsResidential sector split over viability of affordable housing targets
Two reports on the number of new affordable homes needed in England have failed to find common ground and highlighted divisions in the residential sector over the viability of targets.
