All Property Week articles in 26 May 2023 – Page 4
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News
Chancellor unveils £650m ‘war chest’ for life sciences sector
Chancellor Jeremy Hunt announced a £650m “war chest” alongside a promise to fire up the UK’s life sciences sector by shaking up planning rules and encouraging investment.
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News
Failed real estate investments leave Woking facing £1.9bn debt as government steps in
The government has stepped in to oversee Woking Borough Council (WBC) with the authority facing £1.9bn debt following a series of failed real estate investments.
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News
UK Biobank to develop new HQ at Manchester Science Park
UK Biobank is set to move to Bruntwood SciTech’s Manchester Science Park after receiving £127.6m research funding for the development of a new headquarters at the site.
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News
Picton Property outperforms MSCI UK Quarterly Property Index despite annual loss
Picton Property Income has reported an outperforming property portfolio relative to MSCI UK Quarterly Property Index for the year ended 31 March 2023, despite making a pre-tax loss of £89.5m, compared to a £147m profit for the year prior.
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News
UK Commercial Property REIT sells Wembley logistics asset for £74m
UK Commercial Property REIT (UKCM) has sold its 186,455 sq ft Wembley180 logistics asset in north London to registered charitable company Covent Garden IP for £74m, reflecting a net initial yield of 3.49%.
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News
Thinking beyond the box
A few years ago, the mainstream media became transfixed by the prospect of self-driving cars, when it seemed as if either Tesla or Google spin-off Waymo might imminently bring such a thing to market.
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News
Property Week Digital Edition – 26 May 2023
Bricks Group founder Pete Prickett on why a drive to offer students a fuller university experience sets his PBSA brand ‘true’ apart from the competition – Ahead of speaking at PW ‘s Later Living conference, Professor Les Mayhew discusses proposals in his influential report into housing for older people
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Insight
Material steps for tackling inflation
Editor: Disruption to the construction sector caused by the volatility of material price inflation shows no signs of abating, with recent analysis of Office for National Statistics data showing inflation added £23bn to the cost of the sector’s output compared with pre-pandemic levels.
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Insight
Government support needed to boost BTR delivery
Editor: Four years since then prime minister Theresa May first promised “a better deal for renters” ahead of 2019’s general election, three PMs and a global pandemic later, the government introduced the long-anticipated Renters’ Reform Bill last week.
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Online
Property managers hold key to residents’ approval
Developers should involve property managers as early as possible to ensure a smooth tenant move-in process.
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News
Prime central London housing shines amid economic gloom
While the wider market outlook is uncertain, overseas buyers are driving a boom in high-end London housing.
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Online
The benefits of long-term management agreements
Flex office operator Orega shares the risks, the capital investment and the rewards with its landlord partners.
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News
Self-storage sector set for record year as revenue hits £1bn
Revenue in the self-storage industry is set to exceed £1bn for the first time in 2023 as the sector continues to grow following a boom at the start of the Covid-19 pandemic, according to a report by Cushman & Wakefield and the Self Storage Association UK.
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News
Mayhew calls for EPC-style grading system for later-living accommodation
The academic behind an industry-backed review into older people’s housing is calling for the introduction of an Energy Performance Certificate-style grading system for later-living accommodation.
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News
Argent to combine with Related Argent as new leadership unveiled
Argent is set to transfer its employees, projects and assets to Related Argent on 1 May 2024 and operate solely under that name, with Tom Goodall, currently partner and head of residential for Related Argent, set to lead the combined business from that date.
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News
LondonMetric positions portfolio for further income growth amid market structural shifts
LondonMetric has reported an increase of 10.3% to £146.8m for its net rental income growth for its financial results for the full year ended 31 March 2023.
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News
Labour Party manifesto gives some hope to property sector
Draft manifesto shows party is focused on housing, planning and the green belt ahead of general election
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Markets
Solving the later-living housing crisis
Ahead of speaking at next month’s Later Living conference, Professor Les Mayhew tells Property Week how proposals in his report last year could transform the retirement housing sector.
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Professional
Q&A: Five minutes with Jonathan Corris, partner at Devonshires
Jonathan Corris, partner at law firm Devonshires, on how he got started in the property industry, his top TV and music recommendations, his best and worst purchases and the superpower he wishes he had.
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News
Colliers wins the cup
Arcadis was pipped to the post by Colliers in the Property Week Cup final, with the real estate firm picking up its first trophy since 2018.