All Property Week articles in 2 June 2023
View all stories from this issue.
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InsightMAPP’s Rowan Packer on why optimising sustainable energy choices is key to reaching net zero
As the government-imposed climate targets for commercial buildings start to bite and the industry continues to lead efforts to tackle climate change, chosen net zero pathways are emerging, focusing primarily on accounting for the elusive scope-three or value chain emissions.
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InsightULI’s Lisette van Doorn on tackling sustainability certifications, standards and frameworks
Real estate is often perceived as lagging behind other asset classes, but in tackling ESG targets the evidence shows something different.
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InsightMoorfield Group’s Sadie Malim on the social case for institutional capital in residential
In 2021, before this critical period of economic malaise, John Myers, Ben Southwood and Sam Bowman published The Housing Theory of Everything. A cost-of-living crisis later, and that hypothesis now appears very plain.
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NewsMelford Capital snaps up West End hotel development site for £40m
Melford Capital Partners has acquired 5-9 Great Newport Street, a mixed-use development opportunity in London’s West End, from Consolidated Development Limited for £40m.
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NewsGove appoints panel to lead Teesside corruption probe
Levelling-up secretary Michael Gove has appointed a panel led by Lancashire County Council chief executive Angie Ridgwell to conduct an independent investigation into the government’s flagship regeneration project in Teesside.
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NewsTopHat hires ex-JCB CFO David Brown
Former JCB chief financial officer (CFO) David Brown has been appointed as the new CFO at modular housebuilder TopHat.
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NewsSwiss Life Asset Managers UK buys Weybridge care home for £9.7m
The UK arm of investor Swiss Life Asset Managers has acquired Norfolk House care home in Weybridge for £9.7m, reflecting a 5.8% net initial yield.
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NewsGLP set to speculatively build 1.4m sq ft of warehouse space at Magna Park Lutterworth
GLP is set to speculatively develop 1.4m sq ft of warehouse space at Magna Park in Lutterworth.
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NewsLXi REIT sells St Albans retail park to UK pension fund for £31m
LXi REIT has sold a St Albans retail park to a UK pension fund for £31m, equating to a net initial yield of 4.7%.
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NewsFormer Avison Young director Davidson joins Node
Proptech firm Node Technologies has hired former Avison Young director Matt Davidson as senior director of real estate.
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OnlineCrest Nicholson warns of further house price falls
Housebuilding giant Crest Nicholson has warned of further slowdown in the housing market as it posted a more than 60% slump in half-year profit, as higher mortgage rates and broader economic worries dampened demand from buyers.
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OnlineNAV slumps 19% at Schroder REIT
Schroder REIT has suffered a 19% fall in net asset value (NAV) to £300.7m in the year to the end of March, compared to £371.2m for the previous year, as yields expanded by 152 basis points to 7.8% as a result of interest rates rising after Liz Truss’ widely-criticised ...
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NewsBritish Property Federation votes to stand by under-fire CBI
The British Property Federation (BPF) voted to stand by the under-fire Confederation of British Industry (CBI) at a crunch meeting on Tuesday.
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NewsFitness First restructuring plan could send ‘disastrous shockwaves across letting market’
Beleaguered health club firm Fitness First’s restructuring plan to close gyms and cut rents on its remaining sites could be “disastrous” and “send shock waves across the retail and leisure letting market”, according to legal experts.
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NewsManchester and Bristol named as UK’s real estate hotspots
Manchester and Bristol have been identified as the UK’s real estate hotspots over the next 10 years, ranking as the highest-growth cities across multiple major asset classes in CBRE’s latest research.
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NewsApple to open new store at Battersea Power Station
Apple is to open a major new store at Battersea Power Station next to its 500,000 sq ft headquarters at the landmark redevelopment.
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NewsKOP Group snaps up Earl’s Court hotel for £35m
Singaporean investor KOP Group has purchased the Burns Hotel in London’s Earl’s Court for a guide price of £35m and plans to transform the site into a luxury boutique hotel.
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NewsHalifax reports first annual UK house price drop in over a decade
Halifax has reported the first annual decline for UK house prices in over a decade, with the price of an average home down 1% compared with a year ago.
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NewsChancerygate submits plans for 82,400 sq ft Leatherhead logistics hub
Developer Chancerygate has submitted plans to speculatively build 82,400 sq ft of grade-A urban logistics and warehousing space in Leatherhead, Surrey.
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NewsScottish rent cap extension slammed by industry
Rental market experts have criticised the Scottish government’s decision to extend rent caps for private landlords by a further six months.
