All Property Week articles in 3 February 2023 – Page 2
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News
Rachel Maclean replaces Frazer as housing minister
Rachel Maclean, former minister of state at the Ministry of Justice, has become the 15th housing minister since the Conservatives took office in 2010.
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Online
NAV and portfolio value falls at Custodian
Net asset value (NAV) at Custodian Property Income REIT fell 12.2% during the final three months of 2022, as it was impacted by industry wide outward yield movements.
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Online
Barratt sees signs of a recovery in homebuyer demand, but reservations remain down
Barratt Developments has told investors there are early signs of a recovery in homebuyer demand as mortgage rates begin to ease back.
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Online
Start-up offers homebuyers chance to link up with investors to get on housing ladder
A new crowdfunding platform is set to bring buyers and investors together to co-invest in homes and bypass the need to gain a mortgage.
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Insight
Jo Cowen of Jo Cowen Architects on the Viability Crisis of 2023
Last year saw unprecedented macro geopolitical and economic uncertainty, rampant global inflation, war in the Ukraine and a humanitarian crisis in Afghanistan.
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Online
x+why takes space at Santander’s new Milton Keynes HQ
Flexible workspace specialist x+why has taken 60,000 sq ft at Santander’s new 500,000 sq ft HQ in Milton Keynes.
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Online
Countryside Properties buys Derbyshire land to build 265 homes
Developer Countryside Partnerships has acquired a 25-acre site in Shirebrook, Derbyshire, from public body Homes England to build 265 homes.
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Online
Pye appointed Montagu Evans’ head of sustainability
Planning and development consultancy Montagu Evans has appointed Oliver Pye as head of sustainability.
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Online
Compulsory purchase laws review launched
The Law Commission of England and Wales is launching a review of laws on land acquisition and compensation in compulsory purchase schemes to understand whether they are fit for future development projects.
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News
Retailer M&Co to close all 170 stores
Troubled clothing retailer M&Co will close all its 170 stores by April after administrator Teneo Financial Advisory failed to find a buyer for its physical assets.
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News
True owners of 52,000 properties still unknown as overseas firms shirk transparency laws
The true owners of around 52,000 properties in the UK are still shrouded in mystery after thousands of offshore companies failed to comply with new transparency laws.
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News
Lucy Frazer out as housing minister
Lucy Frazer is leaving her post as housing minister at the Department of Levelling Up, Housing and Communities, to become the secretary of state for the Department for Culture, Media and Sport (DCMS), as part of prime minister Rishi Sunak’s cabinet reshuffle.
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Online
Faithful+Gould and BDP to plan last phase of Liverpool’s Kings Dock
Regeneration of Liverpool’s Kings Dock is set to enter its final stage after the city’s council appointed Faithful+Gould as development manager and BDP as architect to create a mixed-use development plan for the 7.6-acre waterfront site.
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News
BTR, PBSA and later living should be exempt from Building Safety Levy, says BPF
The British Property Federation (BPF) has called on government to remove build-to-rent, purpose built student accommodation and later living homes from the Building Safety Levy.
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News
House market rallies as prices stabilise in January
The house market seems to be rallying in response to the pressures of wider economic uncertainty, according to experts responding to the Halifax House Price Index, which revealed a period of stability in January.
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News
M7 Capital supports office asset acquisition with £12.5m loan
M7 Capital has provided, on behalf of its UK debt fund TREC II, a circa £12.5m loan to VCM Global Asset Management to support the acquisition of Orchard Brae House in Edinburgh.
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Online
Deloitte Crane Survey shows office construction levels fell in 2022
The number of office developments completed in Belfast, Birmingham, Leeds and Manchester fell 13% in 2022 compared with 2021, according to the Deloitte Crane Survey.
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Insight
Construction PR’s Sarah Kauter on sustainable construction trends to look out for
Ensuring your business is doing everything in its power to stay ahead of the latest industry trends has always been essential to success, and with the challenges faced by the industry throughout 2022 – including the cost-of-living crisis, extravagant energy costs and material shortages – this has never proved truer.
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News
Paragon pledges £30m for Southwark PBSA scheme
Paragon Bank has provided a £29.6m financing package to support the development of a 267-bed purpose built student accommodation (PBSA) scheme in Southwark, south London.
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News
BA and GIC join forces with BlackRock on major King’s Cross Tribeca development
BlackRock Alternatives Real Estate has joined forces with British Airways’ pension scheme and Singaporean fund GIC to develop a major life sciences development, Tribeca King’s Cross.