All Property Week articles in 5 May 2017
View all stories from this issue.
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OnlineJLL shares hit following 'pay-for-failure' allegations
JLL shares, which trade as Jones Lang LaSalle on the New York Stock Exchange, have plunged 7% this week wiping almost $400m (£311m) of the company’s value, following Property Week ’s revelations a major shareholder had slammed the firm’s pay policies.
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OnlineJLL fights back against Al Gore firm's ‘pay-for-failure’ claims
The war of words between JLL and one of its leading shareholders continued last night as the world’s second largest real estate agency defended its pay policies following a slating from Generation Investment Management.
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OnlineSouthampton arts centre bought by Avignon Capital
An 88,315 sq ft mixed-use leisure scheme in Southampton has been bought by Avignon Capital for £8.75m.
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OnlineBarratt’s shares surge
Shares in Barratt Developments were up 4.32% on Wednesday, after the housebuilding giant revealed it’s set to complete the highest number of homes in nine years.
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OnlineDOMU takes space at Manchester’s Phoenix
Homeware retailer DOMU Brands has taken 110,000 sq ft of space at the Phoenix warehouse on Stakehill Industrial Estate in Manchester.
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OnlineAtlas confirms Martin as new operations director
Build-to-rent investor Atlas Residential has confirmed its appointment of Dominic Martin as director of operations.
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OnlineBlythe Valley Park spec plans submitted
IM Properties has submitted plans for a 209,000 sq ft speculative industrial and logistics scheme at Blythe Valley Park.
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OnlineSupreme Court boost for housing in absence of local plans
A Supreme Court ruling has provided a potential boost to developers seeking planning permission for housing where the local authority has no local plan in place.
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OnlineBlackstone puts St Katharine Docks on market
Blackstone has put a £435m for-sale sign over its St Katharine Docks scheme near Tower Bridge, London.
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CBRE appoints UK head of investment properties
Phil Cann has been appointed as UK head of investment properties at CBRE.
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Antonine Shopping Centre changes hands for £15m
Bridges Fund Management has bought a 205,000 sq ft shopping centre near Glasgow for £15m, in a deal representing a net initial yield of 11%.
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Retail park vacancy rates hit record low
Vacancy rates in the retail warehouse market have fallen to their lowest level in more than 15 years.
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Investec lends £24m on north London resi scheme
Investec Structured Property Finance has provided a £24m senior debt facility to back the development of a residential scheme in north London.
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Gateshead retail unit bought by Savills IM for £33.7m
Savills Investment Management has bought a 150,000 sq ft retail warehouse close to the Metro Centre in Gateshead for £33.7m, in a deal reflecting a net initial yield of 5.6%.
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OnlineChinese Estates buys Westminster office building for £175m
Hong Kong-based investor Chinese Estates has bought an office building at 11-12 St James’s Square in London for £175m, in a deal reflecting a net initial yield of 4.45%.
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Compagnie du Parc to target London logistics assets
Specialist real estate investor Compagnie du Parc has revealed plans to invest £80m in UK light industrial and logistics assets over the next 12 months.
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Mitie Group’s shares rise
Shares in Mitie Group were up 1.13% after the group appointed a new chief executive.
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OnlineReal estate fastest growing sector in the UK, LSE report shows
The London Stock Exchange (LSE) has named 25 real estate companies as being among the fastest-growing and most dynamic small and medium sized businesses (SMEs) across UK.
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OnlineBarratt bullish on profits as completions and sales rise
Barratt Developments is set to complete the highest number of homes for nine years, it has revealed in its latest trading update.
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OnlineMajor JLL shareholder blasts Dyer’s ‘pay for failure’
One of JLL’s leading shareholders has accused the global agency firm of rewarding former chief executive Colin Dyer with “pay for failure” in a stinging attack on the firm’s recent track record and Dyer’s $11m (£8.49m) remuneration deal for 2016.
