All Property Week articles in 26 May 2023 – Page 2
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Lincolnshire Co-op and Wykeland Group snap up Waterside Shopping Centre in Lincoln
Lincolnshire Co-op and developer Wykeland Group have acquired the 130,000 sq ft Waterside Shopping Centre in Lincoln from Tesco Pension Fund for an undisclosed price.
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House prices, mortgage approvals and property transactions fall
The housing market has suffered a triple whammy of negative news with house prices, mortgage approvals and transaction volumes all down in the most recent reports on the sector.
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Woking council forced into special measures
Two major regeneration schemes help borough council amass £1.9m debt pile.
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Online
LSL completes franchising move
LSL Property Services has completed the final stage of franchising its 183-strong estate agency branch network.
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Online
Property Franchise Group appoints SME expert Noyce to board
Estate agency network The Property Franchise Group has appointed Claire Louise Noyce as a non-executive director.
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MSP Capital secures £100m Pollen Street development funding facility
Property finance specialist MSP Capital has agreed a £100m development funding facility with London-based asset manager and private equity firm Pollen Street Capital.
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Jackson and Brent join EiA Real Estate
Luxury prime commercial real estate specialist EiA has recruited two new directors, Mathew Jackson and Gavin Brent, from Montagu Evans and Avison Young respectively.
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UK film and TV industry revival drives need for more space, CBRE survey reveals
The resurgence of the UK film and TV industry post-pandemic is driving the need for more studio space but development is struggling to keep pace, according to a survey undertaken by real estate adviser CBRE.
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Scrapping hope value could put regeneration schemes ‘at risk’
Proposals to scrap hope value within the compulsory purchase orders CPO process is likely to lead to protracted legal challenges and increase the risk of regeneration schemes being delayed or not progressing, according to industry observers.
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B&B HOTELS appoints chief executive
Expanding European budget hotel operator B&B HOTELS has announced the appointment of Patrick O’Connell as chief executive of UK operations.
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Ninja Warrior UK Adventure Park signs lease for 25,000 sq ft Chelmsford unit
Ninja Warrior UK Adventure Park has signed a 15-year lease for a 25,000 sq ft unit at The Meadows Retail Park in Chelmsford.
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iQ to develop 1,200-bed Warwick PBSA scheme in
IQ Student Accommodation is to develop a 1,209-bed purpose-built student accommodation (PBSA) scheme in Warwick in a forward-funding deal with Topland Vintage Group and McLaren Property.
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Glade Capital snaps up Thames Water headquarters for £35m
Investment property platform Glade Capital has bought Clearwater Court, the UK headquarters for Thames Water, for circa £35m.
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Chanel to double size of London HQ in Mayfair office move
Luxury fashion giant Chanel has agreed a new 20-year lease in Mayfair which will see it double the size of its global headquarters.
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Debut tenant secured for HB Reavis’s Shoreditch office scheme
HB Reavis has unveiled Frontier Economics as the debut occupier of its Worship Square office development in Shoreditch, with the company moving their headquarters to the building in early 2024.
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Levelling up ‘will fail’ without long-term funding, warn MPs
Levelling-up policy is suffering from a lack of oversight, long-term strategy and sufficient funding and “risks failure” without a significant shift in approach, a group of influential MPs has warned.
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PRS sector at risk of losing 735,000 properties, says NRLA
The private rented sector (PRS) is at risk of losing up to 735,000 homes due to high tax rates, according to the National Residential Landlords Association (NRLA).
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West Midlands Investment Prospectus 2023 sets out £20bn of opportunities
Potential investors and developers have been presented with £20bn of housing, commercial, regeneration and infrastructure opportunities in the 2023 West Midlands Investment Prospectus.
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Seventh DeTrafford development in 10 months falls into administration
DeTrafford No1 Castlefield has fallen into administration, making it the seventh special purpose vehicle (SPV) owned by the parent company to do so in the past 10 months.
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Albert’s Schloss signs Trocadero deal for first London restaurant
The 18,000 sq ft former Rainforest Café Trocadero on London’s Shaftesbury Avenue is to become an alpine cook haus and Bavarian bier palace after Criterion Capital signed Albert’s Schloss on a 25-year lease for its first London restaurant.