All Property Week articles in 7 September 2018
View all stories from this issue.
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Online
Property calls for government backing for modular housing
Property professionals have called on the government to back new methods of housebuilding such as modular housing if the UK is to get anywhere near building the 300,000 homes a year target.
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Malthouse calls on industry to ‘allow ambition to let rip’
The housing minister Kit Malthouse has called on the property industry to “allow its ambition to let rip”, in his first speech to the industry.
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RESI: 'Councils should use PWLB money to lend to SME housebuilders'
Local authorities should stop buying commercial property and start providing loans to SME housebuilders, according to LendInvest’s founder Ian Thomas.
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RESI: Pidgley lambasts “stupidity and ridiculousness” of planning system
Berkeley Group chairman Tony Pidgley has lambasted the planning system for being too slow, branding some council planning departments “awful”.
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Hines to enter last mile logistics market with joint venture
Hines has entered the industrial and logistics market via a joint venture with industrial developer and asset manager Chancerygate.
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Hines completed €720m capital raise for European Value Fund
Hines has closed fundraising for its European Value Fund with total equity commitments exceeding €720m (£740.7m), surpassing its original target by 40%.
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MPs back land value capture reform
Increases in land value should be shared with local communities, MPs have said in a new report on land value capture.
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RESI: London's "reverse ripple effect" hitting wider housing market
A “reverse ripple effect” coming out of the weak London residential market has started to impact on the wider UK housing market.
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Thanksgiving service to be held for City legend Simon Harris
A thanksgiving service will be held next month for Simon Harris, the development consultant remembered as a driving force behind some of the City of London’s most celebrated office buildings.
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Galliford's share price rises despite dividend cut
Galliford Try’s share price jumped 10.51% on Wednesday to 1,104.00p after the homebuilder reported a 145% rise in pre-tax profit for the year to 30 June.
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RDI completes £26m distribution forward funding agreement
RDI REIT has completed a £26m forward funding agreement to acquire two distribution units in Bicester totalling 288,000 sq ft as well as selling the Lochside office in Edinburgh for £13.1m.
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Societe Generale and DWS close £280m Kensington hotel refinancing
Societe Generale Corporate Investment Banking and DWS have closed the £280m refinancing of the Holiday Inn Kensington Forum, London.
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Knight Frank reveals replacements for retiring heads of Europe and London resi
Knight Frank has announced replacements for its head of Europe, Chris Bell, and head of its London residential business, Noel Flint, who will both retire at the end of March next year.
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LTVs on London offices up as UK cost of debt rises
Loan to value ratios (LTV) of senior debt on city offices in London has risen to 60% in Q2 2018 from 55% in the same period last year, according to CBRE’s European debt map.
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Heitman makes UK BTR debut
Investment manager Heitman has become the latest US-headquartered firm to throw its weight behind the build-to-rent (BTR) sector in the UK, having acquired two assets for its growing European business.
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WeWork to open at Victoria scheme
WeWork has struck a deal to open its first location in Victoria, London, leasing space at 123 Buckingham Palace Road.
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Profit doubles at Galliford Try, but dividend cut 10%
Housebuilder Galliford Try has reported full-year profit more than doubled, but has cut its dividend by 10%.
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IWG finance boss quits
Dominik de Daniel is to leave his roles as chief financial officer and chief operating officer of serviced office group IWG.
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Helical shares rise on new loan facility
Helical’s share price rose 2.5% to 329.5p on Tuesday after the company announced a new £50.4m five-year loan with Wells Fargo to part finance the development of its office development above Farringdon East Crossrail Station in London.
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Jopling set for £175m affordable PRS float
Former Grainger director Nick Jopling is set to chair The Multifamily Housing REIT, which has announced plans to raise £175m.