All Property Week articles in 17 March 2023
View all stories from this issue.
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NewsHome REIT focuses on investment adviser search as Bluestar withdraws bid
Bluestar Group has pulled out of its bid to acquire troubled social housing investment trust Home REIT, citing its disappointment that Home REIT’s board did not grant an extension to the bid deadline of 5pm on 11 May.
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NewsKeepmoat reports strong demand for new homes as it posts 11% revenue increase
Housebuilder Keepmoat has reported a 10.9% leap in revenue to £778.1m in its financial results for the year ending 31 October 2022.
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NewsAsda appoints CBRE to assist with convenience store expansion
Asda has appointed CBRE to advise on its store expansion drive, as it targets 300 new convenience store openings by the end of 2026.
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NewsWorkspace Group’s Sonal Jain on why property must focus on operational performance to reach net zero
Decarbonising any industry requires a strong collective effort and the right policy incentives to ensure that all industry players, big and small, are motivated to act. The Minimum Energy Efficiency Standards (MEES) regulations specifying a minimum Energy Performance Certificate (EPC) rating have certainly created the right imperative to act, but ...
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InsightBurges Salmon’s Jack Mitchell on the rise of sustainable finance in the hotel sector
Given the built environment’s contribution both to greenhouse gas emissions and climate change, lenders that fund real estate projects have found themselves under pressure from governing bodies to show evidence that they are paving the way to a sustainable way of living.
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NewsReal Estate Balance’s Liz Peace on restoring the property industry’s reputation
In a month’s time, I shall be enjoying the singular privilege of delivering the Chapman Barrigan Lecture in memory of two remarkable women in the property industry: Honor Chapman, who died in 2009 after a successful career at JLL; and Trish Barrigan, who was a leading light in the fund ...
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NewsTopHat and Man GPM sign £50m deal for East Sussex modular resi scheme
Modular housebuilder TopHat has agreed a £50m development deal with Man GPM, the private markets business group of Man Group, to develop 226 zero-carbon homes in Lewes, East Sussex.
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NewsAprirose spends £10.6m on Whetstone Travelodge and Halfords site
Real estate investor Aprirose has acquired for £10.63m the freehold of an asset in Whetstone, north London, let to Travelodge with 18 years remaining on the lease, from Aviva Investors.
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InsightLeading RE’s Tasos Stavrou on opportunities for savvy investors
Rents and demand for US industrial real estate continued to rise last year, but the sector’s sales boom appears to be slowing. Industrial transactions dropped, with interest rates and economic uncertainty the main reasons for a decrease in activity.
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NewsTEL hires Orega to create Holborn flex space
Thames Estates Limited (TEL) has hired flexible workspace specialist Orega to create flex space in 33,500 sq ft across two floors of a building in Holborn, central London.
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NewsSovereign Centros bags Next for Glasgow shopping centre
Fashion and home retailer Next has agreed a 10-year lease with Sovereign Centros, asset manager of St Enoch shopping centre in Glasgow, for a new 28,000 sq ft store in the former Topshop unit at the shopping centre.
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NewsStanhope gains B Corp status
Developer Stanhope has been granted a B Corporation (B Corp) certification, joining only a small number of other developers and asset managers who meet the rigorous requirements.
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NewsBristol office rents growing at fastest rate of any UK regional city
Bristol’s office market has recorded the strongest growth in rents in any UK city outside London over 2022, at 12%, according to Knight Frank’s 2023 UK Cities report.
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NewsCrest Nicholson snaps up university campus for 500-home development
Crest Nicholson has acquired Wheatley Campus, a 53-acre site set to be converted into a 500-home residential development, from Oxford Brookes University.
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NewsQIP and Soilbuild JV launches £200m UK PBSA business
Singaporean private equity real estate firm Q Investment Partners (QIP) and developer Soilbuild have launched a £200m joint venture to create a UK purpose-built student accommodation (PBSA) business.
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NewsOxygen buys Jump Evolution as it seeks more indoor activity sites
Indoor activity centre owner Oxygen has acquired trampoline park operator Jump Evolution’s 27,500 sq ft Romford site for an undisclosed amount, bringing its number of leisure sites to 10.
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NewsLCR names Dunn as interim chair
Government regeneration corporation LCR Property has appointed Michael Dunn as interim chair, following previous chair Nick Markham’s appoinmment in September to a ministerial role in the Department of Health and Social Care.
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NewsBank of England raises rate to 4.25% amid ‘large and volatile’ market moves
The Bank of England has raised interest rates by 0.25 percentage points to 4.25% as it warned of “large and volatile moves in global financial markets” since the failure of Silicon Valley Bank and UBS’s purchase of Credit Suisse.
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NewsMore developers sign fire safety contract amid Gove threat
Seven developers have yet to sign the government’s remediation contract committing to pay to fix fire safety defects ,after Lendlease became the latest to sign up to housing secretary Michael Gove’s pledge.
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OnlineClarion re-enters UK warehouse market with £52m double acquisition
Fund manager Clarion Partners Europe returned to the UK warehouse market with the acquisition of two distribution warehouses in Peterborough for £52m from Equites Property Fund.
