All Property Week articles in 28 October 2022
View all stories from this issue.
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News
Major construction projects face ‘significant’ cost and delivery overruns
Major construction projects face significant cost and delivery overruns, according to the fifth annual CRUX Insight Report from risk mitigation and dispute resolution consultancy HKA.
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The Hill Group hires Andrew Day as sustainability director
Housebuilder The Hill Group has appointed Andrew Day as sustainability director in a bid to strengthen its senior environmental, social and governance (ESG) team.
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AECOM names James Barton as cost management lead for London
AECOM, the construction engineering group, has made James Barton, its former cost management lead for residential, head of cost management in London.
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RICS proposes mandatory valuer rotation in Red Book changes
The The Royal Institution of Chartered Surveyors’ (RICS) standards and regulation board (SRB) has launched a public consultation on proposed changes to its Red Book, which include the introduction of mandatory valuer rotation.
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Packaged Living and USAARE form JV for BTR portfolio
Build-to-rent (BTR) investor Packaged Living and asset manager US Automobile Association Real Estate (USAARE) have formed a joint venture (JV) to develop a UK BTR portfolio.
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Atlas starts Kings Cross office development
Developer and property manager Atlas has begun building a 22,000 sq ft office scheme over seven floors and across two buildings near Kings Cross station in central London.
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Directors banned for ‘abuse’ of investor funds in care home scheme
A pair of company directors have been disqualified after they abused millions of pounds in investors’ funds in a care home investment scheme, described by the judge as an “appalling exploitation of relatively unsophisticated investors”.
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Knight Frank hires Green as central London partner
Property consultancy Knight Frank is expanding its central London retail team with the appointment of Oliver Green as partner.
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Barratt buys 225-home West Sussex site
Specialist land promoter Landform Estates has sold a site at Bersted, West Sussex, with permission to build 225 homes, to builder Barratt Homes subsidiary Barratt David Wilson (BDW) for an undisclosed amount.
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Raffi Killian joins Delin Property as head of investments
Raffi Killian has joined Delin Property, the European logistics warehouse specialist, as head of investments to support its expansion into real estate fund management for institutional investors.
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HdW and Spacemade join up on Marylebone flex scheme
The 300-year-old Howard de Walden Estate (HdW) is undertaking its first foray into the flex sector with specialist provider Spacemade, by opening a flexible workspace in Marylebone, central London.
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Online
Mailbox REIT posts fall in NAV
Mailbox REIT has posted a fall in net asset value (NAV) for the third quarter to the end of September.
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Online
Lettings success for Derwent London
Derwent London achieved a 12.7% uplift in lettings during the first nine month of the year with lettings totalling £9m.
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Online
Legacie secures £40m loan for Salford resi scheme
Legacie Developments has secured a £40m loan for from ICG to develop a residential scheme in Salford.
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LGIM accelerates development of affordable energy efficient homes with £70m investment
LGIM Real Assets has provided housing association Saxon Weald with £70m of sustainability-linked financing, to accelerate the UK’s development of new, affordable energy efficient homes.
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Royal Institute of British Architects appoints new chief executive
Royal Institute of British Architects (RIBA) has appointed Valerie Vaughan-Dick as its new chief executive, effective January 2023.
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DLUHC warns housebuilders against ‘backsliding’ on cladding pledge
The Department for Levelling Up, Housing and Communities (DLUHC) has said it expects housebuilders to sign a finalised fire safety pledge “very soon”, legally binding them to carry out cladding repairs.
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Court Collaboration partners with PIC to deliver Birmingham scheme
Court Collaboration, Birmingham’s specialist residential developer, has agreed a £200m forward-funding partnership with Pension Insurance Corporation (PIC) to deliver the One Eastside scheme.
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News
GXO partners with Logicor at Wellingborough170
Logicor has let its 170,598 sq ft distribution/production facility to GXO Logistics on a new long-term lease.
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Online
Olander becomes group fund manager at RE Capital
Pan-European investor, developer and asset manager RE Capital has appointed Devon Olander as group fund manager.