All Property Week articles in 16 August 2019
View all stories from this issue.
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OnlineRESIcast: Proptech’s promise lies in the solutions, not the tech
Proptech generates a lot of hype but innovations in software, data, payments and experiential technology could well have the power to improve housing. Investors need to focus on real outcomes instead of buzzwords.
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OnlineCBRE makes two senior appointments
CBRE has appointed Moira Gordon and Kirsty Gordon in the Scottish rating team in Aberdeen.
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OnlineAlpha buys Bristol office for £73m
Alpha Real Capital has bought the Temple Quay House, Bristol for £73.35m for one its long-income funds.
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News
Spaces continues London expansion with Victoria opening
Workspace provider Spaces has opened an 80,000 sq ft site in Victoria, offering 1,500 workstations over seven floors.
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OnlineKnotel raises $400m as firm’s London expansion drive continues
Knotel has raised $400m (£330m) in a funding round that gives the fast-growing flexible office provider ‘unicorn’ status.
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News
Regional REIT snaps up £26m office portfolio
Regional REIT has bought a 172,442 sq ft portfolio of six office buildings for £25.9m, reflecting a net initial yield of 8.9%.
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NewsM&G goes down under
M G Investments has sought to expand its activities in the Asia Pacific region with the opening of its first Australian offices, in Sydney and Melbourne.
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OnlineGovernment launches review of HS2 project
The government has launched a review weighing up the costs and benefits of the HS2 rail project. Transport secretary Grant Shapps has said that a decision will be made about whether the rail project is “go or no-go” by the end of the year.
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NewsMiller Homes sees operating profit rise 10%
Housebuilder Miller Homes has seen operating profit rise 10% year-on-year to £77.8m in the first half of 2019, according to its half-yearly results.
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OnlineBritish Land gets go ahead for central London car showroom
British Land has been granted permission for a new Porche showroom in London’s West End.
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News
Venture X to make European debut at Chiswick Park
US coworking provider Venture X is to open its first European office after taking 13,998 sq ft of space at Chiswick Park in west London.
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NewsGrenville Turner joins Yopa as online agent raises £16m
Estate agent Yopa has appointed former Countrywide chief executive Grenville Turner as chairman.
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NewsSoulCycle gears up for London expansion
Fitness studio SoulCycle is to open three more studios in London after making its debut in the city earlier this year.
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Cardiff pilots modular construction for council homes
Nine council homes are to be built in Cardiff using modular construction techniques after planning permission was granted by the city council.
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OnlineWestminster City Council approves hotel plans near Buckingham Palace
Westminster City Council has approved plans for a hotel to be built at 4-5 Buckingham Gate, opposite Buckingham Palace.
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OnlineBrockton Everlast and Quoinstone buy Old Street office building for £106m
Brockton Everlast Quoinstone Investment Management have bought Old Street office building Telephone House for £106m in an off-market deal.
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NewsPalm Capital sells Edinburgh office building for £27m
Private equity firm Palm Capital has sold the 1 Waterfront Avenue office building in Edinburgh to the Bank of London The Middle East for £27m.
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OnlineUBS Asset Management buys Travelodge in Edinburgh
UBS Asset Management has bought a Travelodge Hotel in Edinburgh’s Haymarket neighbourhood for £9.4m.
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OnlineHammerson appoints former AIG director as CFO
Hammerson has appointed of former AIG director James Lenton as its new chief financial officer (CFO).
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OnlineNAV rises at Hansteen
Hansteen has posted an increase in net asset value (NAV) for the six months to the end of June.
