All Property Week articles in 6 January 2023 – Page 4
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Harworth sells Yorkshire site to housebuilder Sky-House
Developer Harworth Group has sold a parcel of land near Rotherham in South Yorkshire earmarked for 106 new homes to housebuilder Sky-House, for an undisclosed amount.
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LGIM Real Assets hires Adam Burney for BTR platform
Legal & General Investment Management Real Assets, the insurer’s real estate arm, has appointed Adam Burney to its Build to Rent (BTR) platform.
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Insight
Options UK’s Christine Hallett on why opportunity knocks with SSAS
Against a backdrop of rising inflation, political uncertainty and widespread industrial action, the pandemic’s lingering effect upon commercial property values has been striking.
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Online auctions drive Allsop’s profits up 57%
Property consultancy Allsop has reported a strong recovery in its annual results, with profit for the year ending March 2022 up 57% to £17.1m year on year, and turnover up 31% to £41.7m.
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Insight
Heritage of London Trust’s Nicola Stacey on why heritage projects play a vital role for the sector
The property industry has sophisticated measures to build social impact into new projects. These include better housing, improved access to education, inclusive staff cultures, volunteering opportunities and support for social enterprise.
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Solvency II changes could see Legal & General commit £20bn to levelling up over next decade
Legal & General Capital (LGC) has predicted it will invest up to £20bn in projects to level up UK towns and cities in the next 10 year, if proposed Solvency II changes come into force.
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Home REIT’s investment adviser sold amid audit controversy
Home REIT’s owner has sold the division responsible for managing the homeless housing provider’s portfolio, distancing itself from the embattled firm ahead of its US public listing.
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Savills Earth recruits social value director from Dominvs
Savills has appointed Wesley Ankrah as social value director as part of the continued expansion of its energy and sustainability division, Savills Earth.
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Aston Villa nets planning approval for stadium expansion
Aston Villa Football Club has been granted planning approval by Birmingham City Council for the first phase of the redevelopment and expansion of Villa Park.
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Government plans to require second staircases in blocks above 30m
The government has unveiled plans to force developers to include second staircases in new buildings taller than 30m, a fire safety measure estimated to cost businesses £1.6bn over the next decade.
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First phase of £200m Eckersley Mills plan unveiled
Heaton Group has unveiled plans for the first phase of its £200m transformation of a Grade II-listed mill in Wigan, following approval by Wigan Council.
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Insight
LEXI’s Sam Le Pard on why ‘crazy’ proposals for property finance aren’t so crazy anymore
There will always be genuinely crazy proposals for property finance, and there will also be those proposals that initially seem crazy simply because they are unusual.
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Industrial and logistics take-up in 2022 49% above long-term average
UK take-up of industrial and logistics units over 100,000 sq ft reached 45.73m sq ft in 2022 - 49% above the long-term annual average, according to Savills.
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London Resort to scale back £2.5bn theme park plans as boss quits
Proposals for multi-million pound Kent theme park the London Resort have been “significantly” scaled back after a “tumultuous year” for the troubled project, according to Steve Norris, chairman of developer London Resort Company Holdings (LRCH).
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Construction material inflation has peaked but 'H1 spike and labour shortages will hit development'
Construction materials inflation looks to have peaked at 26.8% in Q2 2022, but the likelihood of another cost spike and ongoing labour shortages will impact development this year, according to construction insight and intelligence firm Glenigan.
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Scottish commercial property market hits highest levels since 2019
Deals in Scotland’s commercial property market totalled £1.66bn in 2022, the highest figure since 2019, according to Knight Frank.
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Industry icon Godfrey Bradman passes away
One of the property industry’s best-known figures, Godfrey Bradman, has passed away aged 86.
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Hill Group founder awarded OBE
Andy Hill, founder and group chief executive of The Hill Group, has been awarded an OBE in the 2023 New Years Honours list.
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Cineworld to begin discussions over sale of whole business
Bankrupt UK cinema operator Cineworld Group has confirmed it will begin discussions this month with potential buyers, but only those interested in buying the entire group as it seeks to avoid breaking up the business.
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Avant Homes launches North Yorkshire division with £206m of development
Avant Homes has announced that it will deliver 726 homes across five developments in North Yorkshire, with a total gross development value of £206m.