Latest news – Page 10
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Former LXi director Gumm joins LondonMetric board
New non-executive director previously held senior roles at Nick Leslau’s ventures
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London Square acquires former care homes site in Chelsea for £54m
The former later living asset is next to Royal Hospital Chelsea, home to the Chelsea Pensioners.
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Gove approves plans for Isle of Dogs resi tower extension
Chalegrove Properties’ 225 Marsh Wall extension plans have been approved.
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Johnson & Johnson signs lease at Tempo in Maidenhead
The pharmaceuticals giant will move staff from its Thames Valley campuses in High Wycombe and Pinewood to the L&G-owned building.
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Newcore Capital seals £30m deal for east London Tesco site
The asset was purchased on behalf of the company’s latest value-add vehicle, Newcore Strategic Solutions.
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Planning policy holding back Westminster development, report finds
The Delivering Good Growth in Westminster report claims an additional 14m sq ft of commercial space could be delivered.
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Former Deutsche Bank CRE head Bull joins North Wind Capital
Property banking veteran has become director of the firm’s Luxembourg lending and securitisation vehicle.
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Time Retail Partners gains B Corp status
B Corps are businesses that meet the highest standard of verified social and environmental performance.
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Rent cap bill could deter £3bn in investment, says Scottish Housing Federation
Scottish Housing Bill proposals include long-term rent controls for private tenants and stronger protection against eviction.
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Life Science REIT agrees record rent deal at Oxford Technology Park
ColdQuanta has agreed to pay double the previous record rent at the Innovation Quarter.
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Plans for £35m refurbishment of The Caledonian hotel unveiled
The project will expand the Waldorf Astoria Edinburgh to more than 300 rooms.
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Shared ownership fails to deliver affordable route to housing ladder, warn MPs
The Levelling Up Committee has called on the government to reform how shared ownership schemes operate.
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DLUHC calls for evidence on jointly owned leasehold properties
The call comes as the Leasehold and Freehold Reform Bill passes its second House of Lords reading.
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St Modwen Logistics appoints Haley as director
Developer and manager St Modwen Logistics has appointed Adam Haley as a director in its portfolio and asset management team.
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Weston Homes gets go-ahead for £33m resi scheme in Epping
The project will see the development of 62 homes and almost five acres of open space.
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API plans wind down after Custodian merger falls through
API shareholder votes in favour of deal fall short of the 75%-by-value threshold required.
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Malaysian consortium secures £1.1bn loan for Battersea Power Station refinancing
CBRE IM advised on the refinancing of Battersea Power Station’s commercial elements.
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London falls behind New York for office demand
CBRE-backed report warns London’s office market is “losing momentum”.
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Hollis appoints new chief executive
Andy Hay will take over from interim CEO Digby Flower, who will become chairman of Hollis.
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Cala Homes reports fall in profit but maintains sales rate
Profit before tax decreased 34% to £112m in 2023, but the housebuilder delivered robust sales per site per week of 0.63.