All Property Week articles in 3 March 2023 – Page 3
-
Professional
What went wrong with the government’s CARF scheme?
A fifth (20%) of the Covid-19 Additional Relief Fund (CARF) had still not been allocated to businesses as of the deadline date of 30 September 2022, according to the government’s latest official data.
-
Professional
Can a planning condition be used to dedicate land as a public highway?
The Supreme Court judgment in the case of DB Symmetry vs Swindon Borough Council [2022] concerns the question of whether a council can use a planning condition to lawfully require a landowner to dedicate land as a public highway and avoid the payment of compensation for the private rights.
-
News
Bruntwood SciTech reveals £60m lab space plans for Manchester
Science and tech property developer Bruntwood SciTech, a joint venture between Bruntwood and insurer Legal & General, has unveiled plans to invest £60m in lab space across 131,000 sq ft at its Manchester Science Park.
-
Online
Foxtons’ lettings division supports annual revenue and profit growth
London estate agency Foxtons has told investors that the impact of the mini-Budget last September is still being felt, with its sales pipeline reduced by the economic turmoil that resulted from it.
-
Online
Munroe K secures £67m funding for Leeds business park
Development and investment group Munroe K has secured £67m of funding from Lloyds Bank to fund its carbon-neutral programme at White Rose business park in Leeds.
-
Online
IWG posts record revenue as losses narrow in 2022
Serviced office giant IWG has told its investors that it is “cautiously optimistic” for 2023, after significantly reducing its pre-tax losses in 2022.
-
Online
Axel Springer quits Purplebricks’ board
PurpleBricks’ largest shareholder, Axel Springer, has withdrawn its director from the struggling online estate agent’s board while the business pursues a sale.
-
News
EDC and Stoford given greenlight for £300m Bristol logistics scheme
Real estate investment and development firm Epta Development Corporation (EDC) and developer Stoford have received planning permission for a £300m GDV, 2m sq ft logistics scheme in Bristol, Property Week can reveal.
-
Online
Two Home REIT tenants fall into administration
Two of Home REIT’s major tenants have gone into administration, piling further trouble on the under-fire social housing group.
-
Online
Moderna to build vaccine plant in Oxfordshire
Moderna is set to build an innovation and technology centre in Harwell, Oxfordshire.
-
Online
Burke become Maples Teesdale managing partner
Real estate law firm Maples Teesdale has appointed Paul Burke as managing partner.
-
Online
Cornish Bakery appoints Four & Co and Central Retail to lead nationwide expansion
Cornish Bakery has appointed Four & Co and Central Retail as its agents for property acquisition as it plans to open at least 15 outlets a year.
-
Online
M7 fully lets Lombardy Retail Park in Middlesex
M7 Real Estate has let 12,500 sq ft of retail warehouse space at Lombardy Retail Park in Hayes to Currys.
-
Online
Lewisham Affordable BTR scheme forward sold to CBRE fund
Watkin Jones has forward sold of an affordable scheme in Lewisham to CBRE UK Affordable Housing Fund (AHF).
-
Online
LondonMetric sells seven assets for £33.9m
LondonMetric has sold seven long income assets for £33.9m, reflecting a return of 10%.
-
Online
Capco and Shaftesbury complete £3.5bn merger, become Shaftesbury Capital
Capital and Counties and Shaftesbury have completed their £3.5bn all-share merger to formed a new company that will dominate the Soho and Covent Garden area of central London.
-
Online
Alternative Income REIT’s NAV falls 12.5%
Alternative Income REIT’s net asset value (NAV) fell 12.5% in the first six months of its financial year, but the firm has assured investors that dividend payments will not be affected.
-
Online
LXi agrees £150m of new lending
LXi REIT has agreed a £150m loan and an extension to its existing £60m HSBC facility as part of its refinancing strategy.
-
Online
Regal London and Cheyne snap up Barnet retail park
Regal London and alternative asset manager Cheyne Capital Management have acquired Great North Leisure Park from Landsec.
-
News
Social housing experts warn of 57,000 home shortfall from RTB
Social housing figures have raised the alarm that a shortfall of 57,000 social housing homes is expected by the end of the decade as a result of the government’s Right to Buy (RTB) strategy.