All Property Week articles in 27 April 2018
View all stories from this issue.
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FTSE 100 falls 0.54%
The FTSE 100 fell 0.54% to 7,555.18 points on Thursday while the FTSE 250 dropped 0.71% to 20,360.58 points.
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Barbour bags flagship store with Mayfair expansion
Grosvenor has agreed a deal with clothing brand Barbour, which will see expand its footprint on its London estate, to create a new flagship store in north Mayfair.
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Aegila makes debut investment with acquisition of Unilever global HQ
Aegila Capital Management has acquired the global headquarters of multinational consumer goods giant Unilever in Rotterdam for €86.5m (£76.2m) in the first of series of planned acquisitions across Europe.
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New MD for Mulberry
Midlands-based residential developer Mulberry Homes has appointed Ian Sadler as managing director of its homes division.
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Owens joins Priestley to oversee Leeds expansion
Leeds-based developer Priestley Homes has announced the appointment of a new head of design.
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MAG makes largest office letting to date to Hut Group
E-commerce giant The Hut Group has signed for 51,000 sq ft at Manchester Airport in MAG Property’s largest office deal to date.
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BNP PRE makes German debut with 99 West Tower development
BNP Paribas Real Estate has unveiled plans to develop a 258,000 sq ft office scheme in Frankfurt for its debut development in Germany.
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Two-thirds of investors foresee widespread AI adoption by 2022
Almost two thirds of institutional investors believe that artificial intelligence (AI) will be widely adopted in real estate by 2022, according to a new industry-wide survey.
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Mark Wahlberg’s burger restaurant secures first London site
American burger chain Wahlburgers, which is owned by actor Mark Wahlberg and his brothers, has secured its first UK site in Covent Garden, London.
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Foncière des Régions agrees deal for £858m UK hotel portfolio
Foncière des Régions has signed an agreement to buy a portfolio of 14 UK hotels that form The Principal Hotel Company for £858m from Starwood Capital.
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Listed property index falls 0.55%
The FTSE EPRA/NAREIT UK index fell 0.55% on Wednesday to 1,845.31 points as UK listed property companies struggled.
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House of Fraser has taken ‘highly insensitive’ approach to CVA, says BPF
The British Property Federation has criticised House of Fraser for failing to discuss its restructuring plan with landlords prior to making an announcement.
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Vastint unveils plans for first phase of 26-acre Sugar House site
Developer Vastint UK has unveiled plans for the first phase of its 26-acre Sugar House site which sits next to Queen Elizabeth Olympic Park in east London.
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Student digs market attracts around £1bn of investment in Q1
The student accommodation sector saw around £1bn of transactions in the first of quarter of the year, largely made up of single asset sales.
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New operational leads for Touchstone
PRS-focussed property management firm Touchstone has announced a double promotion with James Perrett and Ben Beadle joining the executive team to co-lead on operational activity.
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House of Fraser to close stores in CVA after Hamleys deal
Department store House of Fraser has confirmed plans to close stores as part of a company voluntary arrangement (CVA) after owner Nanjing agreed a deal to sell a controlling stake in the company to the owner of Hamleys.
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Former Shelter policy chief appointed Prime Minister's new housing adviser
The government has appointed Toby Lloyd, former head of policy at homelessness charity Shelter, as Prime Minister Theresa May’s new housing policy adviser.
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CBRE EMEA revenue climbs 31% in Q1
CBRE’s EMEA revenue totalled $1.18bn for the first quarter of 2018 up 31% on the year before, driven by France, the United Kingdom and the Netherlands.
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Green light for Chancerygate to create Livingston trade park
Industrial developer Chancerygate has been granted planning permission to develop a 63,000 sq ft trade park development in Livingston, Scotland.
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Duo join CBRE to boost flexible workspace offering
CBRE has made two new additions to its flexible space team in London, appointing Michael Glynn from Regus and Nicki Mayle from serviced office provider i2 Office.