All Property Week articles in 2 June 2023 – Page 2
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News
Vita Group gets greenlight for new PBSA concept in Manchester
Urban regeneration specialist Vita Group has received planning permission from Manchester City Council to trial a purpose-built student accommodation (PBSA) concept aimed specifically at second and third-year students.
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Online
Net tangible assets slump 15.1% at LXi following Secure Income REIT merger
The value of net tangible assets (NTA) at LXi REIT slumped 15.1% in the year to the end of March to 121.1p per share, compared to 142.6p a year earlier.
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Online
NAV falls 17% at Residential Secure in first half
Residential Secure Income (ReSi) has posted a 17% fall in net asset value (NAV) for the six months to the end of March at 90p, compared to 108.8p at the end of September.
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Online
First Property Group launches new loan platform
Property fund manager and investor First Property Group has launched a senior loan platform to finance and refinance commercial property.
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Online
European investment markets ‘hit pause’ in first three months of 2023
The European commercial real estate market hit pause during the first quarter of 2023, according to research from La Française Real Estate Managers.
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Insight
Arcadis IBI’s Maja Nesdale on bringing wellbeing into law
Environmental, social and governance (ESG) sits at the top of the agenda for many developers and investors.
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News
Gilbanks set to open second Manchester workspace with plans for further sites across UK and Europe
Leeds and Manchester-based office space provider Gilbanks is set to open a second Manchester site and expand into cities across the UK and Europe.
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Markets
Northern Ireland Investment Fund lends £21.3m for 307-room PBSA scheme
The Northern Ireland Investment Fund has provided a £21.3m loan to Bridges Fund Management and Rok Property for the development of a 307-bedroom purpose-built student accommodation (PBSA) scheme in central Belfast.
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News
Sovereign Centros growth leads to four appointments
Shopping centre developer and asset manager Sovereign Centros has announced four appointments following significant growth in business in the first half of the year.
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Online
Retirement Villages Group announces trio of senior hires
Retirement Villages Group has made three appointments to its senior team, with Paul Bowtell joining as the company’s first sustainability manager, Kevin O’Brien as chief financial officer and Chris Liddard as head of information technology.
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News
LSH appoints Neil McShane as first Ireland managing director
Neil McShane has been appointed to the new role of managing director for Ireland at property consultancy Lambert Smith Hampton (LSH).
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Online
OneMedical to expand UK portfolio following £30m backing from OakNorth
OakNorth Bank has provided a £30m debt facility to back the expansion of OneMedical Property’s UK medical centres portfolio.
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Online
Avison Young team launches Watling Real Estate in Bassi Capital-backed MBO
The national restructuring solutions team from Avison Young has launched Watling Real Estate, following a management buyout (MBO) deal backed by investment group Bassi Capital.
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Online
Warehouse REIT swings to £182.8m loss as portfolio value slumps
The value of Warehouse REIT’s portfolio slumped 18.5% in the year to the end of March as the group was hit by industry-wide outward yield movements.
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Online
NewRiver outperforms retail market as occupancy recovers to five-year high
Regional shopping centre group NewRiver REIT outperformed the wider retail market in the year to the end of March as the firm claimed the sector’s recovery was now in full swing.
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Insight
Avamore’s Michael Dean on Labour’s housing policy: balancing ambition and practicality
Labour’s housing policy aims to address the pressing issue of the housing crisis in the UK. With a focus on affordable housing and streamlining the planning system, the party presents ambitious goals for becoming the ‘party of home ownership’.
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News
Sainsbury’s seeks sites for neighbourhood hub format
Supermarket giant Sainsbury’s has opened its 10th store under its neighbourhood hub format and is seeking further sites to roll out the concept.
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News
RICS appoints Maclean and Rawlinson as committee chairs
RICS has appointed CBRE managing directors Nick Maclean as chair of the membership services committee and Arcadis head of strategic research and insight Sam Rawlinson as chair of the knowledge and practice committee.
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News
Strike picks up the keys to Purplebricks after £1 sale approved
Purplebricks has been sold to Charles Dunstone-backed rival agency Strike for £1 after shareholders voted to approve the only remaining offer on the table.
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News
Carter Jonas appoints Richard Bruce as CEO
Richard Bruce has been appointed as chief executive at Carter Jonas, also joining as an equity partner, starting in September 2023.
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