All Property Week articles in 16 December 2022 – Page 2
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OnlineGovernment’s £158bn property estate plans branded ‘out of date’ and ‘lacking ambition’
The government’s plans to manage its £158bn UK-wide property portfolio have been slammed by the Public Accounts Committee (PAC) as out of date and “plagued” by ageing IT and a lack of ambition.
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OnlineDilly Hotel sale completes
The Fattal Group has completed its purchase of London’s The Dilly Hotel from Archer Hotel Capital.
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OnlineReport claims Purplebricks to deliver Christmas job cuts
Online-only estate agency Purplebricks is set to cut more than 10% of its workforce as part of a cost-cutting programme, according to a report.
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News£2.5bn JV to deliver 2,000 Warwickshire homes
Warwickshire County Council and its property company Warwickshire Property & Development Group (WPDG) have launched a joint venture (JV) with Countryside Partnerships to develop £2.5bn of projects to deliver 2,000 homes across the county.
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NewsHam Close 452-home plan greenlighted
Housebuilder The Hill Group and London housing provider Richmond Housing Partnership (RHP) have gained approval to build 452 homes in Ham, south-west London, replacing 1960s blocks of flats.
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NewsMidlands Lloyds and HSBC branch sites sold for combined £1.26m
Two sites used by high street banks Lloyds Banking Group and HSBC have been sold in the Midlands by agent Bond Wolfe for a combined £1.26m, despite the national trend for branch closures continuing apace.
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NewsWatergate Bay Hotel owner checks in to Sands Resort
The family firm that owns the Watergate Bay Hotel has acquired a 72-room hotel, the Sands Resort, one mile from its hotel in Cornwall, for an undisclosed amount.
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NewsM&S takes 100,000 sq ft at Grosvenor’s Liverpool ONE
Marks & Spencer (M&S) is taking 100,000 sq ft in the former Debenhams building at Grosvenor’s Liverpool ONE development.
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NewsHammerson strikes bowling deal for Birmingham’s Bullring
Tenpin bowling operator Lane7 Group has agreed to take 28,000 sq ft at property giant Hammerson’s Link Street, Birmingham, which connects the Bullring and Grand Central shopping centres.
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NewsLa Française acquires grade-A Manchester offices for £47m
La Française Real Estate Managers (REM) has acquired 101 Barbirolli Square in Manchester from AEW for £47m.
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NewsBargate Homes MD Mark White joins housing APPG
Mark White, managing director of Hampshire-based housebuilder Bargate Homes, has been invited to join the advisory board for the All-Party Parliamentary Group (APPG) for Housing Market and Housing Delivery.
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InsightM7 Real Estate’s Richard Croft on 2023, a year where monetary tightening will lead to monetary easing… again.
We have seen this movie before. Monetary tightening leading to recession and then monetary easing.
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Online95% mortgage scheme set to launch in new year
A scheme designed to make 95% mortgages more readily available to people buying new homes will be launched in the new year, with the support of more than 50 housebuilders.
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NewsCMA approves £3.3bn Student Roost acquisition after offer to sell assets
The Competition and Markets Authority (CMA) has approved GIC and Greystar’s £3.3bn takeover of Student Roost after the pair agreed to sell two of its Birmingham sites.
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NewsGreen light for General Projects’ office refurb in west London
Hammersmith and Fulham Council has approved proposals from General Projects to convert an empty 1930s building in west London into a 120,000 sq ft office hub.
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NewsRetail consultancy Harper Dennis Hobbs rebrands as Newmark
London-based retail property consultancy Harper Dennis Hobbs has rebranded as Newmark.
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NewsGWM’s Credo Fund provides €58.4m refinancing for Dublin’s Hampton by Hilton hotel
London-based asset manager GWM Group has provided a €58.4m senior loan and refinanced a construction loan on a newly built Dublin hotel.
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OnlinePurplebricks investor loses battle to oust chairman
Activist investor Adam Smith has lost his battle to oust Purplebricks chairman Paul Pindar and replace him with industry veteran Harry Hill.
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OnlineMan Group agrees £50m lending deal for affordable housing schemes
HSBC has provided a £50m lending package to Man Group to help fund the development of more than 1,300 homes across the country, 90% of which are expected to be affordable.
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NewsWarehousing and livestock land are investment opportunities, says Savills
Next year could offer an investment “opportunity of a generation”, but only in selected property sectors as the long post-global financial crash cycle has come to an end, according to Savills.
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