All Property Week articles in 24 November 2023 – Page 2
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News
Housebuilders unlikely to see much volume recovery in 2024, Investec says
Housebuilders are likely to remain cautious until they are confident of a sustained recovery so, even if spring sees a better market, there is unlikely to be much volume recovery in 2024, according to Investec’s sector review.
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Online
UK to lag European debt market recovery by a year, AEW reports
The UK is set to lag Europe’s recovery in real estate debt markets by a year, according to a report from investment and asset manager AEW.
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News
PATRIZIA and Man GPM launch £100m affordable housing platform
Real estate investment manager PATRIZIA and Man GPM have jointly launched a £100m residential platform for the UK’s affordable housing sector.
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News
MTC secures £3m in government funding for RAAC research
The Manufacturing Technology Centre (MTC) has secured £3m in government funding to enable research into reinforced autoclaved aerated concrete (RAAC).
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Online
Carter Jonas's annual profit slumps 22%
Agency Carter Jonas has posted a 22% fall in profit in its latest set of account, despite a rise in sales.
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Online
FCA statement outlines rules for sustainable real estate investment products
The Financial Conduct Authority (FCA) has published its new policy statement on Sustainability Disclosure Requirements (SDR) and investment labels, which is set to help real estate fund managers with net zero strategies.
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News
Rents across the UK will hit the affordability ceiling by 2025, says Savills
Average UK rents are expected to continue rising and will hit the affordability ceiling for private rented sector (PRS) households by 2025, according to Savills research.
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Online
Liverpool Strategic Futures Advisory Panel calls for new regeneration partnership
An interim report from the Liverpool Strategic Futures Advisory Panel has recommended establishing a new partnership with Liverpool City Council to unlock regeneration opportunities and enhance the local authority’s vision for development.
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News
Countryside ‘extremely disappointed’ by deferral of Cheshire contaminated land vote
Countryside Partnerships said it was “extremely disappointed” after Cheshire East Council deferred a vote on granting the developer retrospective planning permission for 263 mostly occupied homes in Crewe due to fears of land contamination.
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News
Building Safety Regulator publishes first three-year plan
The Building Safety Regulator (BSR) today (28 November) published its first three-year strategic plan to help improve safety standards for buildings across the UK.
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News
Lazari submits plans for office-led scheme at iconic Fenwick Mayfair store
Property firm Lazari Investments has submitted plans to transform the Fenwick department store in Mayfair into an office and retail development.
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News
Alam takes associate director role at Strettons
Strettons has appointed Nowsher Alam as associate director.
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Insight
Development goes green: unlocking sustainable value in the logistics sector
November should have marked the introduction of new biodiversity net gain rules in the UK planning system.
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News
Boots sale back in play as owner offloads £4.8bn of pension obligations to Legal & General
Boots owner Walgreen Boots Alliance has struck a deal to transfer £4.8bn of pension obligations to Legal & General in a move a leading retail expert said reflected “a major boost” for its plans to sell the high-street chemist chain.
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Online
Tritax Big Box REIT sells six assets for £327m
A disposals update from Tritax Big Box REIT has revealed that it has sold six assets so far in its 2023 financial year for £327m, at a blended 4.34% net initial yield.
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Online
Savills expands global retail offer with Nash Bond acquisition
Savills UK has acquired Nash Bond, a retail agency and lease consultancy business based in central London, to expand its global retail offer to clients.
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Online
Housing Growth Partnership commits £15m of equity for JV with Cayuga Homes
Housing Growth Partnership (HGP), the Lloyds-backed equity investor in the UK living sector, has committed £15m of equity to a new joint venture with Sussex based developer Cayuga Homes.
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Online
Fourth quarter revenue edges up at Safestore
Storage giant Safestore increased its group revenue by 1.4% during the three months to the end of October.
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Online
Bridgewater Place developer latest to delist from International Property Securities Exchange
BWP REIT, owner of the Bridgewater Place scheme in Leeds, has become the latest group to confirm its delisting from the failed International Property Securities Exchange (IPSX).
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Online
Leading investor group backs CoStar’s £99m OnTheMarket takeover
Influential shareholder group Glass Lewis has backed CoStar’s £99m takeover of property portal OnTheMarket, which also won the backing of fellow proxy group ISS last week.