All Property Week articles in 4 November 2022 – Page 2
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Stamp duty cut could reduce house price drop if it survives Autumn statement
Mortgage experts have predicted the cut in stamp duty could help lessen the blow to house prices if it survives the Autumn statement on 17 November.
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Hammerson’s adjusted earnings up 154% for H1 reflecting strong demand for retail space
Hammerson reported strong demand for prime shopping space as it posted an increase of 154% year-on-year for adjusted earnings in its unaudited H1 2022 results.
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Picton mitigates valuation impacts with rental growth and asset management
Picton, the commercial property REIT, reported net assets of £636m, or 117p per share, for its half year to 30 September, marking a decrease of 3.2%.
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Landsec commits to low emission and net zero materials targets
Real estate giant Landsec and engineering firm AKT II have committed to buy and use 50% low emission concrete by 2030 and 100% net zero concrete by 2050.
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Commercial property values fall -6.8% in October
Capital values decreased by -6.8% across all UK commercial property in October 2022, according to the latest CBRE Monthly Index.
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Custodian REIT continues leasing momentum
Custodian REIT has reported increases to 89.3% in EPRA occupancy for the quarter ended 30 September 2022, compared to 88.7% as of 30 June 2022.
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Predicted 10% drop in house prices temporary, says Savills
Average house prices in the UK are expected to drop by 10% next year but will increase by 7% by 2026, according to latest five-year forecast from real estate adviser Savills.
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Online platform Rezi.uk launched for bulk resi deals
An online platform for residential bulk deals has launched this month for developers, block owners and landlords.
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CO-RE pays tribute to late founder Julian Vickery
Central London developer CO-RE has confirmed the death of Julian Vickery, one of the founders of the firm.
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Cala Homes hires Rupert Home as MD in South East drive
Housebuilder Cala Homes’ South Home Counties business has appointed Rupert Home as managing director and promoted Liz Stone to sales and marketing director.
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Boo and North Brewing Co to open at Circle Square in Manchester
A joint venture between developers Vita Group and Bruntwood SciTech has signed burger retailer Boo and brewer North Brewing Co for its Circle Square site in Manchester.
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Landsec signs mult-site deals with Sweaty Betty
Real estate giant Landsec has signed three deals with female activewear brand Sweaty Betty to take 6,000 sq ft of retail space in its prime retail destinations.
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JV signs deal with Sheffield Hallam University to open London campus
A joint venture between Related Argent and Barnet Council has signed an agreement with Sheffield Hallam University to open a campus at Brent Cross Town in north London.
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Sook set to open site at Cain’s Islington Square hub
Flexible retail operator Sook is opening its 12th site in January at Cain International’s mixed-use Islington Square hub in north London, kickstarting the firm’s plan to open 50 new sites across 2023.
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Online
Knight Frank predicts record year for BTR
Knight Frank said investment in the build-to-rent (BTR) sector in Q3 2022 achieved its highest level in over two years and that the sector could be on track for a record year, in its quarterly report on deals across the industry.
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Custodian REIT sells industrial unit at 12% ahead of June valuation
Custodian REIT has sold its industrial unit in Kilmarnock at auction for £1.4m, at a 12% premium to its 30 June 2022 valuation.
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Warehouse REIT reports resilient trading performance
Asset management and strong occupier demand has underpinned a solid trading performance for Warehouse REIT for the six months ended 30 September 2022.
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Consultation begins on £2.5bn Salford regeneration
Plans for a £2.5bn regeneration of Salford, Greater Manchester, have taken a step forward with the launch of a public consultation to guide development of part of the scheme.
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Wharfedale Homes secures £6.15m to fund Whitby new-build scheme
Yorkshire-based property developer Wharfedale Homes has secured a £6.15m funding package from Paragon Bank’s development finance division to support its latest development in Whitby.
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Europa Capital signs two new office lettings at Fetter Yard
Real estate investment manager Europa Capital has signed two new office lettings totalling circa 14,400 sq ft at Fetter Yard, in London’s Midtown, in a joint venture with Hobart Partners.