Digital Edition
Property Week Digital Edition – 22 March 2024
Mindful of the tussle over M&S’s Oxford Street rebuild, three planning experts debate the viability of a retrofit-first approach - Kinrise managing partners George Aberdeen and Samuel Lawson Johnston on the financial and environmental benefits of turning old buildings into grade-A office schemes
All the content from the latest issue of Property Week
Gove makes first use of building safety powers against Carnary Wharf landlord
Real estate investor Yianis Group has been hit with a £20m-plus charge.
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.
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.
Time Retail Partners gains B Corp status
B Corps are businesses that meet the highest standard of verified social and environmental performance.
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.
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.
Plans for £35m refurbishment of The Caledonian hotel unveiled
The project will expand the Waldorf Astoria Edinburgh to more than 300 rooms.
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.
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.
Fusion Group appoints first commercial director
Laura Kurt will be responsible for developing the student accommodation developer and operator’s product offering.
Former Sodexo chief executive joins CBRE
Julie Ennis will be responsible for leading the company’s occupier strategies.
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.
Malaysian consortium secures £1.1bn loan for Battersea Power Station refinancing
CBRE IM advised on the refinancing of Battersea Power Station’s commercial elements.
London falls behind New York for office demand
CBRE-backed report warns London’s office market is “losing momentum”.
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.
Hollis appoints new chief executive
Andy Hay will take over from interim CEO Digby Flower, who will become chairman of Hollis.
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.
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.
London hotel development site valued at £250m up for sale
Savills and Cushman & Wakefield have been jointly appointed to conduct the sale.
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.
Wandsworth council rejects 450-home Barratt development
The developer has attacked the decision as it “unnecessarily delayed private and affordable housing”.
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.
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.
Avison Young promotes Jenkins to CFO
He will help develop and execute the firm’s long-term growth strategies.
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.
Greystar and Henderson seek offers above £325m for two London BTR sites
The schemes in Croydon and Walthamstow have 546 and 257 homes respectively.
Greystar acquires 420-unit Southampton student accommodation asset
The Capital House PBSA scheme was completed in 2018 by Keir Property Developments.
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.
Life Science REIT cuts dividend as it nears record rent deal for OTP
Jacob Rees-Mogg’s childhood mansion up for sale
Building Safety Regulator registrations near target level after deadline extension
Mirabaud buys Virgin Atlantic HQ in UK debut
Northampton shopping centre to be transformed into entertainment hub
Papa Johns to close tenth of UK restaurants
Oxenwood co-founder launches investment and development firm
Bhandari appointed to drive improvements to government property estate
Council calls action on £450m Sunderland film studio
Wates raises profits amid record forward order book of £8.5bn
Treasury plans to scrap Gove’s ground rent cap
Neumann bids to buy back WeWork with $500m offer