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Packaged Living, the Palmer Capital-backed build to rent developer has received planning permission for the £75m development of 294 apartments at Avebury Boulevard and South Fifth Street.
LondonMetric has purchased a south coast regional distribution warehouse in Bognor Regis for £17.8m, reflecting a NIY of 9.0%.
Hammerson has submitted a planning application to Birmingham City Council for the regeneration of its Martineau Galleries site, marking its first major application as a part of its City Quarters concept.
Planning has been granted for a £100m leisure, sport and food development on Newcastle Quayside, which will feature a 460 ft (140 m) tall giant observation wheel, dubbed The Whey Aye.
Prologis UK has signed an agreement to lease both buildings on Prologis Park Birmingham Interchange (PPBI) in Solihull to International Automotive Components Group (IAC) – a global supplier of automotive components and systems.
Property Week and Savills took to Twitter to debate the potential of offsite construction in the resi sector.
Waltham Forest council leader Clare Coghill responded to yesterday’s fire at The Mall development, and set out a plan of action to support retailers and business owners affected.
Payment technology firm flatfair has been selected by CBRE’s UK residential lettings business to bring deposit-free renting to their landlords and tenants.
Mayor of London Sadiq Khan has called for the introduction of rent controls and an overhaul tenancy laws, in a landmark report calling for changes to the private rented sector in London to give renters open-ended tenancies, and to create powers to bring rents down.
LXi REIT has completed six long-let, index-linked acquisitions from separate developers and vendors for a combined £55m, reflecting a weighted average net initial acquisition yield of 5.83%.