All Property Week articles in 25 September 2020 – Page 4
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Savills becomes latest valuer at IPSX
Savills has become the latest approved valuer to join the International Property Securities Exchange (IPSX).
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News
Over 60% of Tory councillors oppose Tory planning reforms
More than 60% of Conservative councillors oppose the planning reforms being pushed forward by the Conservative government, a survey has revealed.
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GKRE’s Douglas Green launches new consultancy g8
Former GKRE director Douglas Green has launched his new venture, g8 Consult, which will specialise in advising on joint ventures between landlords and operators.
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IM Properties puts £85m Amazon shed in Hinckley up for sale
IM Properties has put a 532,000 sq ft warehouse let to Amazon on a 20-year lease at around £6.50 sq/ft on sale for £85m.
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settle secures funding to allow it to invest £40m into affordable housing
The housing association for Hertfordshire and Bedfordshire, settle, secured a £100m boost to its balance sheet through a £75m private placement funding deal with Aviva Investors.
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Aldi to open 100 more stores as part of £1.3bn UK investment drive
Budget supermarket chain Aldi has pledged to open 100 new stores by the end of 2021, creating 4,000 jobs, as part of a £1.3bn investment drive into the UK.
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Bruton Knowles to focus on utilities and infrastructure property services
Bruton Knowles has switched its focus to utilities and infrastructure (U I) as part of a post-lockdown restructure.
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Pizza Hut CVA approved
Pizza Hut’s company voluntary arrangement (CVA) has been approved by landlords in a move which will see the pizza chain close 29 of its 244 restaurants across the UK.
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News
Regus engages in £800m rent battle with landlords
Regus has filed for insolvency meaning it would not pay lease guarantees worth almost £800m.
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News
Sir Philip Green puts Burton’s former HQ up for sale for £80m
Sir Philip Green is looking for £80m for Burton’s former London headquarters.
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Glasgow University offers one-month rent refund
The University of Glasgow has offered a one-month rent refund to all students living in its accommodation following a Covid-19 outbreak at the university.
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Limestone Capital announces new hospitality real estate fund
Limestone Capital has launched a fund dedicated to capitalising on opportunities in the European real estate and hospitality sector.
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Puma Property Finance provides £24m loan for 105-home Kent development
Puma Property Finance has completed a £24m loan to finance the development of 105 residential units in Kent.
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News
Savills raises £40m at September auction
Savills’ latest online auction on 24 September raised £40m after selling 89 lots of a 126-lot catalogue of commercial and residential properties.
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News
Cost of office occupation falls for second time since financial crisis
The average financial cost of occupying an office in the UK has fallen for only the second time since records began, a leading agency survey reveals.
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Online
Plans revealed for new Poole industrial scheme
WH White has unveiled plans for a new industrial scheme in Poole.
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Octopus Real Estate strengthens eastern team
Octopus Real Estate, part of Octopus Group and a UK specialist real estate lender and investor, has announced the promotion of Oliver Porter to external business development manager, to focus on the East of England.
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Circle Property posts 14.16% increase in rental income
Office investment and development company Circle Property saw a 14.16% increase in annual rental income in the year to 31 March.
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Propertyshe Perspectives: Making a virtue of early dining, revisiting ‘Who Moved My Cheese’, Labour Party Conference fringe debate sans dancing, BPF Futures and virtual working
This week we seemed to go into reverse. After months of careful planning and expenditure to make businesses and workplaces COVID safe, the government have reverted to directing us to work from home if we can and imposed a 10pm curfew on restaurants and pubs.
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Downing given go ahead for First Street co-living scheme
Downing has secured permission for a new co-living development at the First Street scheme in Manchester.