Latest news – Page 15
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Swiss Life Asset Managers UK chair to step down
The chairman and former chief executive James Thornton will leave the business on 30 April.
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Oxford Properties and LCP’s Heathrow logistics scheme cleared for take off
The pair acquired the site next to the airport from British Airways in 2020.
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Paragon Bank funds £21.7m Elevate regeneration project in Birmingham
The development finance will support Elevate Property Group to create 111 city-centre homes.
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Sellar gets green light for Hertfordshire media facility
The developer has designed the scheme to appeal to the media sector, as well as being appropriate for logistics, warehousing and data centre uses.
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Modular developer Beattie Passive files for administration
The family-run company has said it will stop operations with all staff set to receive full pay.
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Impact Healthcare REIT profits almost triple
Inflation-linked rental growth drove the value of property investments, according to the firm’s annual results.
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UK Space Agency primed for Harwell Campus landing
The government agency has taken around 10,500 sq ft of space in the Quad Two building.
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Henry Boot ups dividend by 10% as CEO sets out growth ambitions
Profit before tax fell 18%, from £45.6m in 2022 to £37.3m in 2023 results, in line with market expectations.
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Plentific property management platform wins five social landlord contracts
London council and housing associations will use the platform to improve repairs, maintenance and tenant communication.
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Urban Splash creates board to steer development of 4,500-home pipeline
The regeneration company has also committed to develop 500,000 sq ft of new commercial space.
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Thakeham appoints its first chief investment officer
The role has been created to supervise and guide the developer’s pipeline strategy.
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L&G reportedly mulling plan to sell housebuilder Cala in potential £750m deal
The insurance and housing giant is reportedly in discussion with Rothschild to organise the sale.
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DLUHC data shows developers yet to start cladding repairs on 58% of unsafe buildings
Latest statistics show slow progress since the Grenfell Tower fire seven years ago.
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Supermarket Income REIT pays £34.7m for Stoke Tesco store
The firm purchased the store using revolving credit facility.
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Next slashes annual rent bill by almost £7m as profits hit record £918m
The group renewed 56 leases in the year to January 2024 and cut occupancy cost by nearly a third.
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London councils struggle to spend carbon offset funds, GLA reports
Just 36% of funds collected from developers have been spent to date.
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New River REIT appoints Fordham as non-exec director and chair designate
Former Larchpoint Capital managing partner will succeed chair Baroness Ford, who is stepping down at the end of May.
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JLL report shows real estate close to ‘tipping point’ in demand for low-carbon buildings
“Inaction over decarbonisation will see investments fall into economic obsolescence,” report warns.
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British Land hires Next CFO James as non-executive director
Amanda James will take up the role in July and retire from the retailer by September.
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Knowsley Council buys chunk of Cavendish Walk shopping centre from receivers
The council plans to develop homes, office space and a hotel on the site.