Latest news – Page 22
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PRS REIT doubled profits in six months to December 2023
The firm put the growth down to the number of completed and let homes, as well as increased rents.
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Custodian shareholders back API merger
Property analysts said Urban Logistics REIT’s rival bid for API “may end up being jilted, and that may be no bad thing”.
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Private equity taking growing chunk of London capital market, reports Colliers
Low competition and dropping price expectations are leading the trend, the firm said.
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Stoford secures tenant for Warwickshire manufacturing unit
Opus International Products has signed a 10-year lease for Unit F at Leamington Spa business park.
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Regal London acquires Camden site of decade-old £100m resi scheme
The 184-home scheme was originally rejected by the local council in September 2014.
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WeWork delays filing annual report
The troubled flexible office firm filed for Chapter 11 bankruptcy in the US late last year.
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Former IPSX CEO Clarke sets up advisory firm
The IPSX started winding down last year after failing to find investment.
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Starbucks partner signs lease at Prologis Park Hemel Hempstead
Food Service Logistics has agreed a 15-year lease at the 161,134 sq ft distribution centre.
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RICS launches UK residential retrofitting standard
The standard, which will come into effect from the end of October, is designed to help members advise their customers on retrofitting options.
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Regal London signs Epson UK for 30,000 sq ft pre-let at Watford scheme
The grade-A The Clarendon Works office scheme will open in Q3.
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ESTAMA UK wins contracts to manage three more shopping centres
Addition of Birchwood, Weston, and Byron Place shopping centres take the number of assets the firm manages to 17.
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Aviva Investors expands LTAF range with Climate Transition Real Assets Fund
Investors want “investments that deliver long-term performance and are aligned with net zero commitments”, the firm said.
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Tristan Capital Partners secures £47m Westfield Stratford office refinancing
Leumi UK and Delancey Real Estate provided loans to refinance One Stratford Place.
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Penn Elcom launches flat pack self-storage system as industry tops £1bn
DIY assembly system allows users to create units of any size.
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UK Apartment Association rebrands in rental sector expansion
The Association for Rental Living will represent all institutionally backed, purpose-built rented sectors.
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Quadrant gets green light for residential-led scheme in Kent
The project will also include the development of more than 376,700 sq ft of grade-A commercial space.
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London has potential for co-living schemes with 600,000 beds, Gerald Eve reports
Gerald Eve reveals that despite co-living’s potential, supply in the capital is forecast to rise by just 11,500 beds by 2027.
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BAM completes acquisition of competitor ProCo-Living
This is Built Asset Management’s fourth competitor acquisition in less than three years.
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Harworth profit rises as firm remains on track to hit £1bn NAV target
The group remains confident it can become a £1bn business by 2027.
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Former Close Brothers CEO Pennal joins Mera Investment Management
Frank Pennal will support the growth plans of the private real estate finance and investment firm.