All Property Week articles in 7 December 2018 – Page 3
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Online
Landsec appoints GIC's Madeleine Cosgrave to non-exec role
Landsec has appointed Madeleine Cosgrave as an independent non-executive director.
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Triple Point acquires supported housing portfolio
Triple Point Social Housing REIT has completed the acquisition of 24 supported housing properties for £24m.
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Helical sells to PITCH in Manchester
Helical has sold an office building in Manchester to the Mayfair Capital-managed Property Income Trust for Charities fund for £11.9m.
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Top BNP Paribas Real Estate agents made redundant
A trio of senior figures at BNP Paribas Real Estate have left the business as part of a round of redundancies.
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Property companies caught up in Brexit chaos
Listed property companies found themselves caught up in a European-wide sell off after Prime Minister Theresa May delayed the parliamentary vote on her Brexit deal.
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Law Commission proposes commonhold as alternative to leasehold
The Law Commission has proposed the expansion of commonhold as a reaction to public and cross-party criticism of loopholes in the leasehold system. The announcement marks the beginning of a three-month public consultation on commonhold as an alternative to leasehold.
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Charity Mates in Mind appoints Rudoni as managing director
Industry mental health charity Mates in Mind has appointed a new managing director in James Rudoni.
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TFT announces raft of new hires to support growth
Property and construction consultancy Tuffin Ferraby Taylor has made 11 appointments across its business including six new senior team members hired from the likes of JLL and Malcolm Hollis.
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Crossrail delayed as government provides £1.3bn loan
The opening of Crossrail has been delayed again as Transport for London says the project needs an additional £1.7bn to be completed.
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Savills valuation director makes novel move
William Nicoll of Savills describes his debut book as a ‘rollicking good yarn’
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Spin class: Sh! PR
In between drafting a press release and amending (more accurately, rewriting) the chairman’s statement for some September year-end results, I am aghast to read just how unequal the PR workplace is for women.
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News
Separated at birth: John Barrowman and Colin Elliot
Metropolis wonders how actor and I’m A Celebrity contestant John Barrowman has time to lead CBRE’s corporate capital markets business when he’s meant to be in the jungle. It turns out the firm’s newly appointed chief finance officer is actually Colin Elliot.
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Activist investor moves to block Local Shopping REIT proposal
An activist investor has voted against Local Shopping REIT’s proposal to wind up the company.
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JP Morgan beats fundraise target with €4.7bn pan-European fund
JP Morgan Asset Management has raised €1.18bn (£1.06bn) for its European Opportunistic Property Fund IV - exceeding its fundraising target by 47%.
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Patrizia completes £65.5m Edinburgh office sale
Patrizia has completed the off-market sale of the 1 Tanfield office complex in Edinburgh for £65.5m.
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Aerospace technology centre lands at Bristol's Horizon38
Mixed-use business park Horizon38 in Bristol has been announced as the location for the new £32m GKN Aerospace Global Technology Centre.
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M&S secures first ever Spanish high street store
High street chain Marks Spencer has agreed a deal to open its first-ever high street store in Spain with a 4,300 sq ft letting in Malaga.
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Cost of debt on UK prime offices fall
The cost of senior debt on prime offices in the UK has fallen 4.5% over the last quarter to 2.79%.
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Aldermore provides loan for Cardiff student scheme
Aldermore, the specialist bank, has provided a £10.8m property development loan to DG1 Developments for the construction of a large scale student accommodation scheme in central Cardiff.
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L&G's affordable housing arm granted Registered Provider status
Legal General’s subsidiary Legal General Affordable Homes, which launched in April 2018, has been granted Registered Provider (RP) status.