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Budget gets a mixed reaction
Rishi Sunak’s £65bn spring Budget has received a lukewarm response from the property industry, with some claiming it offers no more than “a stay of execution” for many businesses.
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Live reactions: Budget 2021
Follow as Property Week brings you live reactions to the chancellor’s budget announcement
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UKGBC slams government over Green Homes Grant
UKGBC has slammed the Treasury for failing to give clarity on the fate of the £2bn Green Homes Grant scheme in the budget unveiled on Wednesday.
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Atrium European Real Estate posts 21% drop in rental income
Atrium European Real Estate posted a 21.3% drop in net rental income to €138.9m (£119.9m) for the year to 31 December 2020.
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Supermarket Income REIT announces £100m share placing
Supermarket Income REIT has announced it will issue £100m in shares to allow it to target a pipeline of opportunities.
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Dalata eyes more hotel sites despite a 68% fall in revenue
Incoming CEO Dermot Crowley says he is confident of a strong rebound in hotel occupancy rates this year.
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McHugh & Co benefits from lots with development potential at sale
Land plots and garages with development potential were among the most popular lots at McHugh Co’s 24 February sale.
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RICS under renewed fire as it launches eight-point review
The Royal Institution of Chartered Surveyors (RICS) has set out an eight-point plan to review its purpose and relevance – but has resisted calls from past presidents and former governing council members to appoint an independent party to oversee it.
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ScottishPower submits plans to turn former oil-fired power station into 650 homes
ScottishPower has submitted a planning application to turn its former oil-fired power station in Iverclyde, Scotland into 650 homes.
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Persimmon returns to pre-Covid build levels and commits to 2019 dividend level
Housebuilding giant Persimmon saw profit drop by a quarter last year as the pandemic affected the number of new houses it could build.
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CLI-Dartriver snaps up two City of London sites
CLI-Dartriver has acquired two development sites in the City of London that are set to deliver more than 100,000 sq ft of new space.
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Newcore Capital inks £30m in land, self-storage and office deals
Newcore Capital has signed £30m in deals across a range of sectors.
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Urban Logistics provides £23m forward funding for logistics assets
Urban Logistics is pumping £23m of forward funding into two development sites.
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Clearbell receives green light for £47m Maidstone multi-let shed scheme
Clearbell Property Partners III, a fund managed by Clearbell Capital, has received planning permission to develop a multi-let industrial scheme in Maidstone, Kent, with a GDV of £47m.
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SEGRO hires director for Thames Valley team
SEGRO has appointed Dan Holford as director of technical development in its Thames Valley team.
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FirstPort hires director of supply chain operations
FirstPort has hired Derren Chamberlain as director of supply chain operations.
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UK’s ‘first LGBT+ retirement community’ to open this year
In a UK first, Tonic Housing is opening an LGBT+ retirement community in Lambeth, south London, later this year.
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ING and LBBW refinance 110 Bishopsgate
ING and Landesbank Baden-Württemberg (LBBW) have completed a £400m, five-year loan refinancing at 110 Bishopsgate in the City of London.
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Hadley appoints David Montague as non-executive director
Hadley Property Group has appointed David Montague as a non-executive director.
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Dalata hotels insists it’s ready for recovery as pandemic destroys profit
Covid-19 devastated revenue at Dalata Hotel Group with the lockdowns slashing income by 68% and leading to the Dublin-based group swinging to a €111.5m (£96.4m) pre-tax loss for the year to the end of 2020.