All Property Week articles in 22 June 2018 – Page 3
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Online
Colliers secures Cushman's van der Weyden to boost valuations team
Colliers International has expanded its London-based portfolio valuation and advisory services having hired Rossella van der Weyden from Cushman Wakefield as an associate director.
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News
Hummus Bros falls into administration
Restaurant chain Hummus Bros has fallen into administration with six sites now set for closure.
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Online
Chancerygate sells UK-wide industrial assets
Industrial developer Chancerygate has sold 30 units across nine industrial estates from its balance sheet portfolio for a total of £15.4m.
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Online
MPs vote in favour of Heathrow expansion - property reacts
MPs have overwhelmingly backed plans to build a third runway at London’s Heathrow airport in a decision which has received a mixed reception from the property sector.
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Online
Emoov boss calls on Countrywide to consider ‘all paper’ merger
The founder of Emoov has called on Countrywide boss Peter Long to engage in merger talks with the online estate agent, Property Week can reveal.
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News
Regional REIT acquires £35.2m portfolio
Regional REIT has completed on the acquisition of a six asset regional portfolio from Kildare Partners for £35.2m
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Online
Greystar buys US student housing firm in $4.6bn deal
An affiliate of Greystar Real Estate Partners has agreed to acquire EdR, one of the largest student housing landlords in the US, for $4.6bn including debt.
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Online
Countrywide shares plummet 28% on profit warning
Countrywide shares plummeted 28% to 56.5p on Monday after the company issued a profit warning saying it expects adjusted EBITDA to be around £20m lower in the first half compared with the same period last year.
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Markets
High demand and supply shortage drive up south London shed rents
A near doubling of rents will hit the viability of some businesses.
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Online
Letwin Review calls for more homes to be released
Housebuilders have faced criticism by Sir Oliver Letwin for failing to offer a wider choice of homes for purchase and rent on large sites to speed up the release of new houses to the market, following his review into the gap between planning permissions granted and homes delivered.
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Online
Network Homes, L&Q and Clarion call for increased investment in modular
A new report commissioned by Network Homes, L Q and Clarion has called on housing associations and Homes England to make offsite construction a priority through the promotion of joint ventures.
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Online
Cerberus Capital refinances Quorum Business Park with BlackRock loan
BlackRock Real Assets has provided a £20m first mortgage loan to Cerberus Capital Management to refinance eight of the 15 buildings that comprise the Quorum Business Park near Newcastle.
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Online
New investment duo for Cluttons
Cluttons has announced two new appointments to expand its investment team as part of strategic growth plans for the UK market.
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News
CCLA completes on £36m Leeds office buy
Evans Property Group has completed the sale of One Park Row in Leeds city centre to investment manager CCLA for £35.6m, reflecting an initial yield of 4.43%.
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Online
DWS buys £240m office at IQL Stratford
DWS has bought a 278,000 sq ft office at International Quarter London from Lendlease and LCR for £240m.
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News
Bailie Gifford signs Edinburgh pre-let
Investment management firm Bailie Gifford has pre-let all 60,000 sq ft of office space at Chris Stewart Group (CSG) and Hines’ 20 West Register Street in Edinburgh.
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News
Jack Wills takes Sheffield shed
British clothing brand Jack Wills has leased a new 390,000 sq ft warehouse at Clearbell Capital’s Parkway Works in Sheffield.
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Online
Countrywide unveils capital restructure after profits plunge
Shares in estate agent giant Countrywide have plunged after the group announced plans to raise fresh equity and issued a profit warning.
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Online
Gym group Arena 8 takes West End space
A new fitness chain backed by private financiers has signed for space at 65 Kingsway in London’s West End.
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Online
Terra Firma eyes IWG takeover
Office space provider IWG has confirmed it has received a takeover bid from private equity company Terra Firma.