All Property Week articles in 21 January 2022
View all stories from this issue.
-
OnlineManchester office take-up in 2021 up almost one third on 2020
Total office take-up in Manchester’s city centre for 2021 was over 1m sq ft, up 31% from 2020.
-
NewsDevelopment lots will be star attractions at Savills’ February auction
Savills has unveiled a 146-lot catalogue for its first auction of the year on 9 February, featuring a number of lots with potential for redevelopment.
-
OnlineVOA should give hospitality sector some slack
At a time when the hotel, hospitality and pub industries are trying to get back on their feet following the onslaught of Covid-19 and lockdowns, it is desperately disappointing to see the government’s Valuation Office Agency (VOA) stepping up aggressive demands.
-
OnlineUK demand for flex office space up more than 80%
The average cost for a private desk in UK flexible office space reached £443 in 2021, up 14% on the reported figure for the previous year, according to Workthere.
-
NewsAR bowling game set to drive footfall at Brighton shopping centre
Augmented reality (AR) outdoor media company Darabase has partnered with the Churchill Square Shopping Centre in Brighton to create an ‘Up Your Alley’ AR bowling game and retail experience.
-
ProfessionalWorkspace’s Chris Girling steps down as new non-execs hired
Chris Girling will step down as a non-executive director of Workspace Group on 7 February.
-
OnlineOctopus Energy moves to Bruntwood SciTech’s No.2 Circle Square
Renewable electricity provider Octopus Energy Group is moving into a new, hybrid office-retail base at Bruntwood SciTech’s No.2 Circle Square, as part of a drive to create 300 new jobs in Manchester.
-
ProfessionalDemand for logistics space set to soar as BPF calls for greater support
Demand for industrial and logistics space across England has been underestimated in planning policy for a decade and future demand is likely to be at least 29% higher than past levels, a report by the British Property Federation (BPF) and Savills has found.
-
ProfessionalImpact Healthcare plans £50m share issue for acquisitions and debt payment
Impact Healthcare REIT plans to raise £50m by way of a share issue in the form of an open offer, placing, offer for subscription and intermediaries offer.
-
NewsMost private investors accept commercial rent arrears won’t be repaid, Allsop reports
Most private investors have reached reduced rent agreements with commercial tenants and many accept that rent arrears are unlikely to be paid back, as the Commercial Rent (Coronavirus) Bill comes into effect this year, according to a report from auction house Allsop.
-
ProfessionalCarrington heads City investment at BNP Paribas RE
BNP Paribas Real Estate has promoted James Carrington to the role of head of City investment.
-
ProfessionalDowning sells five properties to Greystar Real Estate for £388m
Downing has sold five properties to Greystar Real Estate for a total of £388m as it focuses on future growth.
-
NewsWestmount partners with Ares on 6.1m sq ft US industrial deal
Dallas-based commercial real estate company Westmount Realty Capital has partnered with a fund managed by the Real Estate Group of Ares Management Corporation to recapitalise a 51-asset industrial portfolio totaling 6.1m sq ft in Chicago and Milwaukee.
-
NewsKnight Frank hires Philip Hobley as head of London offices
Knight Frank has hired Philip Hobley as head of London offices in its UK commercial business, succeeding William Beardmore-Gray.
-
NewsRealstar and Lendlease agree forward-funding deal for Deptford BTR scheme
Realstar and Lendlease have completed a forward-funding deal to create a new UNCLE development in Deptford, south-east London, with a GDV of £120m.
-
OnlineHomes need to be built for consumers, not EPC ratings, says Etopia Group
In the latest episode of PropCast, Samsung Electronics’ Murtaza Bukhari and Etopia Group’s Joseph Daniels sat down with Blackstock Consulting’s Andrew Teacher to discuss what net zero really means for consumers and how the ‘Internet of Things’ (IoT) will revolutionise our homes.
-
NewsInvestcorp sells 10 UK industrial and logistics assets for £108.4m
Investcorp has completed the sale of 10 UK industrial and logistics assets to three different purchasers, Kennedy Wilson, Realty Income and Investra Capital, for a combined total of £108.4m.
-
NewsHammerson ups earnings guidance on improved trading
Hammerson said it now expects its annual adjusted earnings to be in the range of £75m to £80m, up from the minimum of £60m previously forecast.
-
NewsWhitbread promotes Hemant Patel to CFO, replacing Nicholas Cadbury
Whitbread has promoted Hemant Patel to the role of chief financial officer, succeeding Nicholas Cadbury effective from 21 March.
-
NewsNAV at Picton rises on improving demand
Picton Property has revealed a 7.4% increase in net asset value (NAV) for the quarter ended 31 December 2021 and a further 2.9% dividend increase.
