Latest news – Page 19
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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.
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Network Space sells Knowsley logistics site for over £7m
NSD has sold the prime industrial site at its Alchemy Business Park site to Marchmont Investment Management.
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Levelling-up committee launches inquiry into housebuying and selling
The committee will examine the transaction process, the information available to buyers and the role of conveyancers and agents.
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TT Group sells BT’s old Southampton offices to consortium
BT’s former Friary House office building has permission for residential conversion under permitted development rights.
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British Land signs trio of tenants for Norton Folgate scheme
The mixed-use Spitalfields development has added an office occupier and two restaurants.
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London hotel development site valued at £250m up for sale
Savills and Cushman & Wakefield have been jointly appointed to conduct the sale.
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Greenlight wins approval for Redditch industrial scheme
The development will see the partial demolition of the existing buildings and the construction of 126,715 sq ft of industrial space.
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Wandsworth council rejects 450-home Barratt development
The developer has attacked the decision as it “unnecessarily delayed private and affordable housing”.
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Downing hires new investment manager
The firm has expanded its finance team with the appointment of Doug Bowley.
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Investec launches real estate equity strategy with £250m deployment target
REALIS will focus on asset development or repositioning and distressed transactions over the next two years.
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Sirius Real Estate in £48.25m swoop for Gloucestershire business park
The 60-acre business park adds more than 1.5m sq ft of space to Sirius’s BizSpace portfolio.
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Avison Young promotes Jenkins to CFO
He will help develop and execute the firm’s long-term growth strategies.
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Association for Rental Living launches BTR code of practice
The association is calling on the industry to road test the code in a bid to improve industry standards.
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Greystar and Henderson seek offers above £325m for two London BTR sites
The schemes in Croydon and Walthamstow have 546 and 257 homes respectively.
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Greystar acquires 420-unit Southampton student accommodation asset
The Capital House PBSA scheme was completed in 2018 by Keir Property Developments.
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Royal London Asset Management JV acquires £260m of prime farmland
The deal includes the acquisition of Waldersey Farms, which manages the land in Cambridgeshire and Lincolnshire.
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Life Science REIT cuts dividend as it nears record rent deal for OTP
The firm has refinanced its debt and has sufficient liquidity to carry out its capital expenditure programme.