All Property Week articles in 17 March 2023 – Page 2
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Online
LondonMetric sells three Midlands industrial estates for £46m
LondonMetric has sold a portfolio of three multi-let industrial estates in the Midlands for £46m.
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News
Coalition calls on Gove to reduce threshold for second staircase in new resi buildings
The Royal Institute of British Architects (RIBA) and seven built environment bodies, fire safety organisations and disability rights groups have signed a letter to housing secretary Michael Gove, urging him to reduce the 10-storey threshold for additional staircases in new residential buildings.
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News
Former Persimmon CEO Fairburn registers new business
Jeff Fairburn, former chief executive of housebuilder Persimmon, has registered a new business called Third Stone Investments.
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News
Barratt hunts funding partners for £280m London BTR opportunity
Barratt London has launched a hunt for one or more funding partners for a £280m build-to-rent opportunity comprising three schemes in London.
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News
Government’s specialist building safety unit investigating 19 firms
The government’s investigative unit set up to pursue developers that refuse to carry out fire-safety works has launched inquiries into 19 firms, the building safety minister has revealed.
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News
Government allocates £1.8bn for UK housing retrofit drive
The government has allocated over £1.8bn in funding for a retrofit drive across social housing, aiming to boost energy efficiency and cut emissions in UK homes.
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News
Theme park developer calls in administrators on London Resort project
The company behind multi-billion-pound plans for a giant Disneyland-style theme park near Dartford has called in administrators after building up £100m in debts.
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News
US hedge fund sues developer for breaking alleged Royal Albert Dock deal
US hedge fund Baupost has filed a High Court claim suing UK developer DPK Management for allegedly breaking a deal to jointly acquire London’s Royal Albert Dock development.
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News
UK’s single family housing sector set for £8bn of capital
The UK’s single family housing market is growing rapidly, with more deals completed in Q1 this year than in the whole of 2022 and £8bn of capital heading to the sector in the next three to five years, according to Knight Frank.
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News
February sees ‘unseasonable rise’ in average rent price
The average London rent rose 5% to over £570 per week in February from the previous month, exceeding the highs of the peak lettings season last summer, according to Foxtons.
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News
£1.95m Hatton Garden property leads Strettons’ March auction
A part-let retail and office property in Hatton Garden, London, is to go under the hammer at Strettons’ March auction, with a guide price of £1.95m.
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News
Standard Chartered commits to global HQ in City of London
Standard Chartered has signed a new reversionary lease at its global headquarters in London, committing to its long-term future at the City of London.
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Online
Vistry hails ‘excellent progress’ in Countryside integration
Housing giant Vistry posted a 20.9% rise in profit in 2022, but cut the shareholder payout as the outlook for the market worsens.
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News
Thames Freeport greenlighted with £25m funding
Thames Freeport has received final government sign-off to start operating and will receive up to £25m in seed funding.
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News
Maslow Capital agrees £114m loan for Paddington PBSA scheme
Maslow Capital, a provider of real estate development finance, has agreed a £114m loan for Union Property Development to build a 356-bed student accommodation scheme in Paddington, central London.
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News
Investec loans GSA £85m to refurbish five PBSA assets
Investor Investec Real Estate is providing an £85m loan to developer Global Student Accommodation Group (GSA) to support the refinance and partial refurbishment of five UK purpose-built student accommodation (PBSA) assets.
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News
Connells launches arm targeting rental sector investors
Property services provider Connells Group, part of building society owner Skipton Group, has launched Connells Living, a business proposition focused on private rented sector (PRS) investors.
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News
Knight Frank hires Hashemi as UK ESG lead
Property consultancy Knight Frank has recruited Amira Hashemi as UK ESG lead for property and asset management.
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Insight
How engineering can help you maximise returns from PBSA Developments
Optimising and value engineering PBSA buildings from an early stage and throughout the project allows smart developers and investors to maximise the potential returns from this unique kind of development.
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Online
Henry Boot posts record underlying profit but warns 2023 will be ‘a tougher year’
Property investment and land promotion specialist Henry Boot has posted a record annual underlying profit of £56.1m.