All Property Week articles in 20 May 2022
View all stories from this issue.
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NewsPGIM Real Estate and Madison Cairn form UK hotels JV
PGIM Real Estate has launched a joint venture with property developer Madison Cairn to acquire, develop and reposition UK hotels, as demand grows for domestic leisure assets.
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NewsLendlease gets go ahead for 350-home East London development
Australian real estate group Lendlease has been given the green light to develop two landmark buildings at International Quarter London (IQL) in Stratford by the London Legacy Development Corporation.
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NewsUBS-AM buys Wickes retail unit in Harlow for £25m
UBS Asset Management Real Estate & Private Markets (UBS-AM REPM) has acquired a purpose-built DIY retail unit in Harlow, Essex, for £25m from NFU Mutual Society.
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NewsAbrdn’s AIPUT spends £38m on Luton industrial park
Abrdn’s Airport Industrial Property Unit Trust (AIPUT) has acquired Trade City Luton industrial trade park from Kier for £38.4m.
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NewsBetts probes minister on Levelling Up agenda
Clive Betts, chair of the Levelling Up, Housing and Communities (LUHC) Committee, has written to levelling-up minister Neil O’Brien asking for more information on the allocation of resources and the aim, size and focus of funds connected with the levelling-up agenda.
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NewsBNPPRE hires industrial and logistics veteran Paul Smyth
BNP Paribas Real Estate (BNPPRE) has appointed Paul Smyth as senior director within its national industrial and logistics agency team.
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NewsWain Estates to develop Manchester enterprise park
Developer Wain Estates has submitted plans for a 19-acre enterprise park as part of its Carrington Estate regeneration project in Greater Manchester.
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NewsLondonMetric valuations rocket as urban logistics bet comes good
LondonMetric added £1bn to its portfolio’s value during its financial year ending 31 March 2022, according to its annual results.
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NewsRecords broken at Picton with £147m profit
Picton has broken its highest annual profit record since its 2005 launch.
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NewsMajority of industry believe mid-rise fire-safety risk has been underestimated
Almost two-thirds of the property industry believe the government has underestimated the fire-safety risk on mid-rise buildings.
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NewsUniversity of Gloucestershire wins £29m green loan from Barclays
The University of Gloucestershire has secured a £29m ESG-driven funding package from Barclays.
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NewsGovernment buys £111m City office block for new tribunal centre
The Ministry of Justice has purhcased an office block next to the Old Bailey courthouse for £111m to develop a new central London tribunal centre.
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NewsAudley Group readies Headley Court for retirement village project
Audley Group has exchanged on a conversion project for an Elizabethan farmhouse that formerly served as a Ministry of Defence facility in Surrey.
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NewsPanattoni eyes Yorkshire logistics stronghold
Panattoni is lining up the construction of what would be one of the largest logistics facilities in South Yorkshire.
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NewsManchester ranked as best commercial centre in UK
Colliers has ranked Manchester city centre as the top commercial centre in the UK.
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NewsWoodland Group secures second warehouse at iPort in Doncaster
Global logistics firm the Woodland Group is to take a second warehouse at iPort near Doncaster.
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NewsBritish Land reveals masterplan for 53-acre Canada Water development
British Land has unveiled a masterplan for Canada Water in south-east London that could lead to the creation of 3,000 new net zero homes and around 2m sq ft of workspace.
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NewsFat Hippo Burgers to open first London restaurant
Burger restaurant Fat Hippo is set to make its London restaurant debut, with a new site at Shoreditch.
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NewsGovernment approves Chelsea FC sale
The government has agreed to the £4.25bn takeover of Chelsea FC after being satisfied proceeds of the sale would not benefit Roman Abramovich, the club’s Russian oligarch owner currently subject to sanctions.
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NewsEPIC reports boost to portfolio value following switch to retail sheds
Ediston Property Investment Company has reported an 11.2% increase in like-for like property portfolio values after it switched its investment strategy to focus on retail warehouses.
