All Property Week articles in 28 October 2022 – Page 3
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Cohort Capital finances purchase of 300-acre medieval castle estate
New boutique lender Cohort Capital has agreed a £9.1m financing deal for the purchase of a 300-acre medieval castle site in Kent, Property Week can reveal.
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LUHC Committee calls for overhaul of “beyond disgraceful” exempt housing
The Levelling Up, Housing and Communities (LUHC) Committee has called on the government to overhaul the exempt housing sector.
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Soho Housing Association appoints Billany as chair
London-based social housing provider Soho Housing Association has appointed Andrew Billany as chair.
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Commercial property rent collection levels ‘rising rapidly’
An average of 83% of rents due from commercial property tenants were collected within seven days of the due date for the latest quarter, marking the highest level achieved for any quarter since the start of the Covid-19 pandemic, according to Remit Consulting.
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Tenant demand at ‘all-time high’ according to survey
Tenant demand reached its second all-time high in 2022, according to a survey conducted by BVA BDRC, the international consumer and business insight consultant, on behalf of Paragon Bank.
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FORE hires new development director
FORE Partnership has appointed Sarah Trahair-Williams as its new development director.
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PIC invests £40m to fund 600 new Medway homes
Pension Insurance Corporation (PIC) has invested £40m in secured debt issued by mhs homes to fund the development of more than 600 properties in the Medway area of Kent and surrounding areas.
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Gove re-commits to 300,000 housing target
Recently returned housing secretary Michael Gove has confirmed the 300,000-new-homes-a-year target abolished by former prime minister Liz Truss will now remain in place.
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Ardent pays around £50m for retail element of Royal Exchange in City
The Ardent Companies UK has completed its acquisition of the retail element of The Royal Exchange in the City of London from Oxford Properties.
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Avant Homes appoints Innes as Scotland director
Iain Innes has joined Avant Homes from housebuilder Dandara as its Scotland area director.
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Grosvenor raises £150m
Grosvenor Property UK (GPUK) has agreed terms to raise £150m in a private placement to help fund various projects.
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Bioregional appoints Datta as trustee
Bioregional has appointed corporate sustainability expert Munish Datta to its board of trustees.
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Octopus Energy invests in EV network group
Octopus Energy Generation has made a £110m investment as it enters the UK electric vehicle (EV) charging sector for the first time.
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Empiric hits record student occupancy but pauses growth
Empiric Student Property achieved record high occupancy of 98% during the current academic year, but said it had “largely paused” its development and acquisition pipeline due to current market volatility.
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Barings wins ’Sector Leader’ status for ESG strategy
Barings has been named a ‘sector leader’ in its approach to ESG integration as part of the Global Real Estate Sustainability Benchmark (GRESB) 2022 results.
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Lettings drive a solid performance in Q3, Foxtons Group finds in Q3 report
Lettings continue to drive a solid performance alongside strong sales revenue growth, according to the Q3 trading update of Foxtons, a London estate agency.
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Industry figures attack PM over COP27 no-show
Property sector figures have lashed out at Rishi Sunak’s decision not to attend the COP27 climate conference in Egypt this month.
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Demand for multi-let industrial continues to outstrip supply, Industrials REIT reveals
Demand for multi-let industrial (MLI) continued to outstrip supply for the period 1 July 2022 to 30 September 2022, according to Industrials REIT’s MLI trading update Q2 FY 2023.
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Lee Rowley reappointed as DLUHC junior minister
Lee Rowley, who has served as housing and planning junior minister since September, has been reappointed to the Department for Levelling Up, Housing and Communities (DLUHC).
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Whitbread appoints Jill Anderson to property acquisition team
Whitbread, parent company to Premier Inn, has appointed Jill Anderson as a director of its property acquisition team to help reach its target of 125,000 UK and Ireland bedrooms.