All Property Week articles in 5 May 2023 – Page 3
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Online
Custodian lines up MacLellan as chairman
Custodian Property Income REIT has appointed David MacLellan as an independent non-executive director to replace David Hunter as chairman when he steps down in August.
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News
Connells names Whitney as chair
Property services firm Connells Group, part of the Skipton Group, has appointed Sarah Whitney as non-executive chair.
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News
L&G stops production at modular homes factory
Legal & General (L&G) has blamed planning delays and ongoing economic headwinds for its decision to halt production at its modular homes factory near Leeds, potentially costing hundred of jobs.
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News
Alternative Income REIT on track to meet dividend target
Diversified commercial property owner Alternative Income REIT has announced that it is on track to deliver its target annual dividend of at least 5.7p per share for the year to 30 June 2023, as it reported “a more measured approach to valuations” in Q1, following a 12.5% fall in its ...
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News
Cala buys timber frame firm Taylor Lane in sustainability drive
Housebuilder Cala Group has acquired timber frame construction specialist Taylor Lane Timber Frame for an undisclosed amount.
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News
Mailbox REIT continues debt discussions as loan defaults
Mailbox REIT, owner of the office-led, mixed-use Mailbox in Birmingham, said it is continuing to explore a number of options to resolve its high loan-to-value (LTV) ratio after its existing facility with Deutsche Bank went into default.
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Online
Palace Capital eyes further sales after £34m disposal of industrial portfolio
Palace Capital has sold the majority of its industrial portfolio to Clearbell Capital in a £34m deal and said it has plans for further asset disposals.
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Insight
Will King be a royal influencer?
This weekend we will witness a once-in-a-lifetime spectacle: the coronation of a king. A six-gun salute will be fired from Horse Guards Parade to mark the exact moment the crown touches the monarch’s head and the UK will be alive with colour and noise. But behind the pomp and ceremony ...
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Online
Property Week Digital Edition - 5 May 2023
High Court to rule on Michael Gove’s rejection of Berkeley’s Kent scheme; Barratt Developments CEO on how the UK’s biggest housebuilder adapted to a market slowdown, its sustainability drive and why planning has to change; RICS report outlines the innovations and pitfalls artificial intelligence could provide for the real estate ...
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Professional
Low-carbon retrofit: embrace the journey into the unknown
It is vital to keep pace with the issues that can arise during the complex task of reviving existing buildings
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News
Education facilities look on course to revive vacant retail space
Croydon’s Whitgift Centre is latest in a series of schemes looking to educational uses as new anchor tenants.
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News
Industrial leads commercial property investment plunge
Investment in UK commercial property has dropped across all sectors during the last six months, with the industrial sector the hardest-hit asset class, according to debt advisory specialist Sirius Property Finance.
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Insight
Tackling second-homes crisis key for coastal towns
Investment in levelling up the less urban regions of the UK will only be truly effective if we curb the number of second homes in our coastal towns.
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Professional
Q&A: Five minutes with Yaron Rosenblum, co-founder and chief executive of Canvas Offices
Yaron Rosenblum, co-founder and chief executive of Canvas Offices, on how he got started in property, his top book and album picks, the superpower he wishes he had and his number-one travel destination.
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Insight
Tech can combat asset uncertainty
I sympathise with the concern expressed in your recent article ‘Asset price plummet dubbed “biggest ever”’. While large-scale economic factors such as the lingering effects of the pandemic are harming industrial and office values, the general sentiment of hesitance in the sector is further slowing the market.
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Insight
French connection, UK ambitions
When it comes to British commercial property, folk don’t come earlier educated than Phillippa Prongué. ‘Pip’, to friends, is as English as a Barbour jacket and Hunter wellies. The surname? Pip’s husband is French.
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Professional
Built environment must brace for change as AI takes root
RICS report outlines how the sector can work with artificial intelligence as well as warning of its pitfalls.
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News
Spin class: AI
After seeing the BBC headline ‘Is your job at risk from AI?’, Soph and I were heartened to discover the answer is not yet. When we asked Google’s AI bot Bard to “write an amusing 250-word column on a UK real estate PR firm, called Pastis Communications, founded by Soph ...
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Online
Hanover Square: May 2023
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