Latest news – Page 2
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Workspace reveals 9.6% rent roll increase in upbeat end-of-year update
The flexible office space group completed 1,238 lettings with a total rental value of £31.3m over the year.
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CBRE investment veteran Dakin retires
Dakin has led the growth of CBRE’s financial capabilities in the UK and across Europe over the last nine years.
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Picton completes £29.6m sale of Angel Gate City of London office
Sale price represents a 5% premium to the 31 December independent valuation.
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Urban Logistics REIT reports 23% rental growth in final quarter of financial year
The company completed three new lettings and three rent reviews during the quarter.
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High Court allows judicial review of Gove’s policy to limit green homes standards
Campaign groups have warned of a “policy disaster” that will ”discourage building homes to a higher standard”.
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Vastint UK gains approval for amended use of Stratford offices
The two category-A buildings, located within Sugar House Island, comprise a total of 126,000 sq ft of workspace.
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Vistry partners Hyde Group on £35m resi scheme
The site already has full planning permission for 160 homes.
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Yoo Capital appoints five partners for Camden Film Quarter scheme
The project will create a hub for film, creative industries, and education.
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Rate of housing rent increases has nearly halved since August, says Hamptons
The annual pace of increase in London fell from 17.1% to 6.1%, the slowest rate for two years.
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Foxtons appoints adviser NM Rothschild as shareholder pressure to sell grows
Several large shareholders want Foxtons to find a buyer for the business, according to reports.
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Blackstone set to acquire Britishvolt’s gigafactory site for £110m
This comes after Australian start-up Recharge was selected as the preferred buyer in January 2024.
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Greene Park Capital launches healthcare investment team
The Chicago-based group has appointed a four-strong team of executives to run the new division.
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Hostmore makes £177m bid for TGI Fridays
TGI Fridays’ chairman said the acquisition had a “compelling and highly complementary strategic logic to it”.
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Greenland steps down as chief executive of PLP
Chief investment officer Neil Dickinson has been appointed to lead the business going forward.
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VIVID secures £75m loan facility from Nationwide
The housing association said it would use the funding to improve existing homes and build new energy efficient properties for customers.
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UK self-storage industry breaks through £1bn-turnover barrier
The sector turned over just under £1.1bn in 2023, exceeding £1bn for the first time.
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Henry Boot sells 500 Cambridgeshire resi plots to Barratt
The sale will complete in July 2024, with the transaction resulting in an ungeared internal rate of return of 15% a year.
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Failure to enact no-fault eviction ban has put 80,000 households at risk of homelessness, charity reports
Charity Homeless Link has called on government to pass the Renters Reform Bill following five years of inaction.
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Hines puts Oxford Street retail and resi scheme on market for over £45.75m
Savills and Knight Frank are marketing the property.
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Balanced Commercial Property Trust mulls portfolio sale as it launches strategic review
BCPT’s board said it would consider all options, including selling the portfolio or subsidiaries, or a managed wind down of the company.