Inspired seeks funding to kick off £2bn rental drive
Developer appoints Lacey to find funding partner for £175m of assets in first step to building £2bn portfolio.
Industry still slow to adapt to proptech, KPMG report finds
Nearly all industry decision makers agree that their organisations need to engage with proptech but only a third have a clear strategy for how to do so, according to a report from KPMG.
Westminster Council takes control of its arms-length housing body, citing need for 'culture change'
The arms-length housing organisation of Westminster City Council, called CityWest Homes, is to be brought back under council control following concerns about its performance.
Croydon Council launches CPO process for £1.4bn Westfield scheme
Croydon Council has launched the compulsory purchase order (CPO) process for Westfield and Hammerson’s £1.4bn town centre retail scheme.
Kames fund buys industrial portfolio for £39.9m
Kames Property Income Fund has purchased a portfolio of nine multi-let trading estates and three single warehouses for £39.9m from CBRE Global Investors.
Revo 2018: Revo publishes ‘route map’ for council investors
Retail industry body Revo has published a ‘route map’ for councils and developers bringing forward town centre regeneration schemes in joint ventures, prompting a debate about how the two sectors can work together more effectively.
PRS REIT acquires two sites, signs forward contract agreements on three others
Close-ended investment fund the PRS REIT has purchased a newly-constructed, 63-unit PRS scheme in Birmingham for £10.3m as well as a development site that will deliver 145 new homes.
Bershka to makes Welsh debut with Cardiff store
The St David’s partnership has signed up fashion retailer Bershka to open its first store in Wales at the St David’s shopping centre.
Aviva Investors appoints Atlus Group as agents on four industrial estates
Aviva Investors has appointed Atlus Group as overarching letting agents on four of its south London industrial estates, which total 1m sq ft.
UKCP REIT turns in 3.9% NAV total return
UK Commercial Property REIT has reported a net asset value total return of 3.9% half year results.
Top US family offices back FirethornTrust, a new firm launched by ex-Tristan directors
Two of the richest US family offices are to invest hundreds of millions of pounds in UK real estate through an exclusive mandate with FirethornTrust – the investment company set up by former Tristan Capital directors Peter Mather and Chris Webb.
RESI 2018: Interview with Tony Pidgley
Speaking exclusively to Property Week at the RESI Convention 2018, Berkeley Group chairman Tony Pidgley talks about the current housing crisis, help-to-buy and much more.
Rules on commercial service charges given ‘sharper teeth’
Industry hopes new rules from the RICS will give commercial occupiers clarity on what they pay, and why
SEGRO rides online retail wave to topple Landsec
Group’s industrial focus pays dividends as other top REITs are hit hard by bricks-and-mortar retail woes
Student digs rents up but growth is slowing
Demand for studios slows but remains resilient at cheaper end of the market
McCarthy & Stone seeks to rebuild as share price slides
Upcoming ‘strategy update’ likely to focus on expanding range of tenure options and cutting costs
RESI: Pidgley lambasts “stupidity and ridiculousness” of planning system
Berkeley Group chairman Tony Pidgley has lambasted the planning system for being too slow, branding some council planning departments “awful”.
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