All Property Week articles in 8 November 2019 – Page 2
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Workspace posts rise in NAV, but half-year profit dips
Workspace Group has posted a 2.7% rise in net asset value for the six months to the end of September as net rental income leapt 11% to £60.1m.
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Taylor Wimpey expects to hit full-year targets
Taylor Wimpey has reported there was strong demand for its homes in the second half of the year, even as the market grapples with Brexit worries and rising costs.
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British Land NAV falls as losses rocket to £404m
British Land has suffered a 5.4% fall in net asset value (NAV) and plunging losses as the woes of the retail sector had a significant impact on the group’s half-year figures.
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Flexible workspace to pump £12bn into UK over next decade
The increasing migration of flexible office space to the outskirts of major UK cities is creating a ‘flex economy’ that could contribute more than £12bn to local economies in the next decade, according to a socio-economic study of second-city and suburban workspaces.
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ID Manchester shortlists six development and investment partners
The University of Manchester has narrowed its search for a development and investment partner for its £1.5bn ID Manchester scheme to six parties.
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Mulberry Logistics Park to deliver two and a half million sq ft of space after receiving green light
Mulberry Commercial Developments has received the go ahead for a two and a half million sq ft logistics and business park in Bassetlaw, Nottinghamshire.
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Third phase complete at St. Modwen Park Burton
St. Modwen has completed a new 103,947 sq ft speculative unit at St. Modwen Park Burton in Staffordshire, marking the site’s third phase of development.
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Runway East to open second hub in the south west
Start-up workspace provider Runway East is set to open its second Bristol hub.
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Crosslane Group moves into co-living with £355m pipeline
Student accommodation developer Crosslane Group is to enter the co-living market, with a pipeline of more than 1,700 units at a value of £355m.
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Pearl Property Managers launches £42m resi equity fund
Pearl Property Managers has launched a €50m (£42m) residential equity fund to help deliver 2,000 homes throughout the Republic of Ireland.
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IWG signs double lease at Prologis Park Hemel Hempstead
IWG has signed a double lease for adjoining properties at Prologis Park Hemel Hempstead, taking warehouse space with a total footprint of 74,314 sq ft.
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Former GL Hearn employees launch new real estate advisory business
A group of former GL Hearn employees have joined forces to launch new real estate advisory business Newsteer.
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CBRE GIP and Palmer Capital launch new £250m value-add fund
CBRE Global Investment Partners (CBRE GIP) and Palmer Capital Partners have launched a £250m value-add fund, the Fiera Real Estate Opportunity Fund V (FREOF V).
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Charterpoint to develop new care home in Bingham
Charterpoint Senior Living is set to develop a new 70-bed care home on the site of a former police station in Bingham, Nottinghamshire.
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FirethornTrust makes industrial debut with Milton Ham purchase
FirethornTrust has acquired an industrial development site in Milton Ham, near Northampton, from Travis Perkins, marking its first foray into the industrial sector.
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Proptech fund Goldacre invests in ShapeDo
Proptech venture capital firm Goldacre is making a late seed investment of $650k (£506k) in a startup that took part in its business accelerator RElab last year.
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Orchard Street Investment Management launches new flex workspace
Orchard Street Investment Management has launched a new flexible workspace offering as well as securing new tenants at its Camden office building Dunn’s Hat Factory.
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HS2 plans should go ahead, says new report
The HS2 scheme should go ahead despite being over budget, according to a government review of the rail project.
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NAV nudges up as shareholder return and profit slump at Picton
Net asset value (NAV) at Picton Property has nudged up to 94p in the six months to the end of September, compared to 92p at the same point last year.
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Assura revenue up, but profit falls
Healthcare property group Assura has posted a 2.7% fall in profit despite a 9.5% rise in rental income to £36.5m for the six months to the end of September.