All Property Week articles in 5 May 2023 – Page 2
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NewsFEC submits application for 4,800 homes in Manchester
Far East Consortium (FEC) has submitted planning applications to build 4,800 new homes alongside commercial and social space as part of a wider £4bn, 15,000-home project in Manchester.
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NewsKhan makes election pledge to create City Hall housing developer
Sadiq Khan has pledged to create a new GLA-owned housing developer if he is re-elected as London mayor at next year’s elections.
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NewsTaylor Wimpey fined over River Llwyd pollution
Housebuilder Taylor Wimpey has been fined almost £500,000 over pollution running off a building site into the River Llwyd in Wales.
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NewsRasmala launches UK resi vehicle with $2bn investment target
Middle Eastern alternative investment manager Rasmala Investment Bank plans to build a UK residential portfolio with an investment value of more than $2bn (£1.58bn).
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OnlineGet Living more than doubles annual profit
Build-to-rent (BTR) giant Get Living more than doubled its profit to £136.3m off the back of a 40% rise in revenue in 2022, as it entered its 10th year.
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OnlineCustodian boss welcomes return of optimism to market
Custodian Property Income REIT chief executive Richard Shepherd-Cross has welcomed the return of optimism to the commercial property market as the aftershocks of Liz Truss’ September mini-Budget begin to fade.
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NewsEducation institutions expand London footprint by a fifth, says Knight Frank
Tertiary education institutions took 100,648 sq ft of London space in 2023, and 376,059 sq ft during the past 12 months, according to Knight Frank, which the firm said was “almost 20% above the annual long-term trend.”
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OnlineNAV and values edge up at UKCM
Net asset value (NAV) at UK Commercial Property REIT (UKCM) edged up 1.1% during the first quarter of 2023 as valuations also improved.
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OnlineHarworth agrees £35.8m of sales as it pursues grade-A strategy
Harworth Group has sold Towngate Business Park in Widnes and Four Oaks Business Park near Preston for £35.8m.
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NewsAllsop’s May commercial auction led by City office and retail corner unit
A City of London office and retail building with a guide price of £3m is one of the leading lots in Allsop’s next online commercial auction on 17 May.
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News£3m Torquay office investment leads Acuitus commercial auction
An office building in Torquay, Cornwall, listed with a guide price of £3m, is set to be the highlight of Acuitus’s 18 May commercial auction.
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NewsTributes pour in for Chris Darroch
Senior industry figures have paid tribute to Chris Darroch, the fund manager widely regarded as a visionary and pioneer in urban regeneration, who died suddenly last week aged 56.
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NewsLidl submits plans for new multi-million-pound distribution centre in Leeds
German discount retailer Lidl has submitted a planning application for a multi-million-pound distribution centre in Leeds.
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NewsPurplebricks unlikely to return to profitability in FY24 as firm issues cash reserve warning
Purplebricks Group has warned it is now unlikely to generate cash again in the next financial year as its payment provider withholds funds and cash reserves appear under threat amid its formal sale process.
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NewsNetwork Space lets second shed at Altrincham business park
Industrial warehouse developer, investor and manager Network Space has let a 28,700 sq ft unit at its Broadheath Network centre in Altricham, Greater Manchester, to XPand Logistics.
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NewsModa Living hires Michael Old in senior financing role
Rental developer and operator Moda Living has added to its in-house investment team with the appointment of Michael Old, who will advise on corporate finance, funding and deal structuring across the firm’s rental living portfolio.
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NewsEx housing secretary says scrapping housebuilding targets was ‘major mistake’
Former housing secretary Simon Clarke has branded the scrapping of housebuilding targets a “major mistake” after the Conservative Party’s dire local election results.
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NewsLendlease unveils next tranche of commercial units at Elephant Park
Lendlease has four restaurant and retail units under offer at its £2.5bn Elephant Park scheme in south London and said a further 10 units would be available in the next phase of development.
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InsightMipim Charity Tennis Tournament 2023
The “Make A Racket” Mipim Charity Tennis Tournament celebrated its tenth anniversary in 2023, and it did not disappoint players, sponsors & spectators alike.
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OnlineForrester to step down as CEO of Cushman & Wakefield
Property agency veteran John Forrester has revealed plans to retire as chief executive of Cushman & Wakefield at the end of June after 35 years with the company.
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