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Unite sells six student schemes to PGIM for £184m
Student accommodation giant Unite has sold six properties to PGIM Real Estate for £184m.
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Housing and data centres lead UK real estate growth projections for 2040, C&W reports
According to C&W report, a 171% increase in seniors housing stock is needed to meet demand.
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Investec provides Realstar with £22m loan on Manchester multifamily scheme
UNCLE Manchester comprises studio and one-bedroom apartments in a Grade II-listed former warehouse building, originally built in about 1914.
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Hillwood secures £33m loan for Crewe industrial storage facility
Crewe 335 will be 335,000 sq ft and built to BREEAM ‘Excellent’ standard.
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Elivia Homes appoints Hutson as eastern region managing director
He will lead the company’s eastern team after moving from the central team.
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Colliers reports major warehouse development slowdown pushing up rents
This year Colliers is forecasting average industrial rental growth of 3.7%.
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London Square scores hat trick of acquisitions with £32m site purchase in Vauxhall
The site has consent for a 36-storey residential tower.
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Footasylum upsizing at Gateshead’s Metrocentre
The sports shoe chain joins EE, Primark, Clarks, Victoria’s Secret and Jack & Jones in increasing its space at the mall.
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Legal & General’s Wesleyan buys Edinburgh Audi dealership for £9.1m
The deal signals the start of an investor rush to acquire alternative property assets, according to Knight Frank.
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Alternative Income REIT maintains dividend target despite decline in property values
The firm’s net asset value fell 1.2 in Q1, but rent collection remained robust, at 100% for the quarter.
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University of Bristol seeks developer for proposed £175m PBSA scheme
The first, £500m phase of the Temple Island campus is under way and scheduled for completion in 2026.
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I-RES revenue dips 4% in first quarter of 2024
The Irish residential specialist said the revenue dip reflected the impact of disposals in the second half of 2023.
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DLUHC landmark building safety case win “a warning to all building owners”
Court backs government demand that freeholder Grey GR must remediate safety issues at the Vista Tower in Stevenage.
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Derwent London sees rebound in occupier demand as it seals C&W letting
The company reported growing demand with “a positive trend of broader interest across all our London villages”.
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The London Eye to remain on South Bank as permanent fixture
The decision was made during a council Planning Applications Committee meeting earlier this week.
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Zenzic Capital grows property lending team with two hires
Lender appoints development finance vice-president and credit analyst in London to unlock new lending opportunities.
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Target Healthcare toasts “attractive returns” as NTA rises 2.2%
The company reported a portfolio of 98 assets let to 33 tenants, valued at £934.8m, at the end of Q1 2024.
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Property Week shortlisted for Business Media Brand of the Year award
Property Week is in the running for two prizes at the prestigious PPA Awards.
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Propertymark ‘optimistic’ buyers will adapt to market conditions as BoE holds rate
Propertymark CEO says there are ”some reasons to remain optimistic that the housing market is recovering from shock economic factors from the last three years”.