All News articles
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NewsUK’s property taxes highest in the developed world, Altus study reveals
The UK has the joint highest rate of property taxes in the developed world, research from commercial real estate firm Altus Group has revealed.
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News
BlackRock raises €774m for Europe Property Fund VI to capitalise on repricing
BlackRock Private Markets has raised €774m (£662m) in initial commitments from global institutional investors at the first closing of the BlackRock Europe Property Fund VI (EFVI).
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NewsUK signs up to COP28 initiative to decarbonise the built environment
The UK is among 27 countries to have signed up to a new global initiative to accelerate the decarbonisation of the built environment, as new reports show that national and UN net zero targets appear increasingly unachievable.
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NewsFrasers Group more than doubles property revenues after spending spree
Frasers Group, the company behind Sports Direct and House of Fraser, increased its profits to £310.2m in the six months to 29 October, from £287.2m the year before, boosted by revenue from the acquisition of shopping centres The Mall in Luton and the Overgate centre in Dundee, plus Coventry Arena.
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NewsEG Group agrees to sell over 200 KFC restaurants to Yum!
Forecourt and food service operator EG Group has agreed an undisclosed deal to sell all of its 218 KFC restaurants – half of which are drive-throughs – to Yum! brands’ KFC division.
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NewsCBRE promotes Chris Gow to head of debt and structured finance for Europe
Global real estate adviser CBRE has appointed Chris Gow as head of debt and structured finance, Europe, which marks an expansion on his current leadership responsibilities, effective from 1 January 2024.
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NewsGove ‘names and shames’ 10 more social landlords for poor practice
Housing secretary Michael Gove has written to 10 more social landlords warning them to take immediate action to address their poor performance over responding to tenant complaints, including damp and mould and pest control.
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OnlineTop city lawyer joins Landsec board
Landsec has appointed Moni Mannings as an independent non-executive director and senior independent director designate.
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OnlineVistry launches share buyback programme
Vistry Group has launched a share buyback programme to repurchase up to £55m of 50p shares.
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NewsLandsec unveils new retail operating model
Landsec has unveiled plans to transform its retail operating model, bringing in a number of operations in-house and “evolving” as a retail landlord, Property Week can reveal.
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NewsMcLaren and Arlington selected as developers for York Central regen scheme
McLaren Property and Arlington Real Estate have been chosen as the strategic developers for York Central, one of the UK’s largest city-centre regeneration schemes.
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NewsMorrisons and M&S broke land use laws to block rival supermarket stores, CMA rules
Marks & Spencer and Morrisons have been reprimanded by the competition regulator for breaking land use laws to block rival supermarkets from opening nearby stores.
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NewsAviva Investors secures two tenants for Soho office refurb
Aviva Investors has agreed two leases for a combined 8,700 sq ft at 30 Golden Square in Soho, London, following a refurbishment programme to decarbonise the office building.
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NewsFour developers receive loans totalling more than £250m to support delivery of 1,500 new homes
Four housing developers have secured 10-year loans totalling £256.5m through the government’s Affordable Homes Guarantee (AHGS) scheme to support the delivery of around 1,500 new homes.
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NewsM&G signs global management firm for prime Manchester offices
Global management consultancy Alvarez & Marsal has signed a 10-year lease on 14,160 sq ft at M&G Real Estate’s Lincoln office building in Manchester.
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NewsClearbell sells five assets from Polaris industrial portfolio
Clearbell Capital has sold five industrial assets totalling over 1m sq ft from its Polaris portfolio for a combined total of £24.85m.
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NewsCanary Wharf Group appoints former Crown Estate director as new head of retail
Canary Wharf Group (CWG) has appointed Leanne Catterall from The Crown Estate as its director of retail and hospitality.
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NewsA dozen insurance brokers pledge to help leaseholders in buildings affected by fire safety
The government has announced that a further seven insurance brokers have signed its pledge to commit to supporting leaseholders in buildings taller than 11m, or four storeys, affected by fire safety issues.
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NewsWillmott Dixon latest firm to sign PW’s Inspiring Diversity in Property pledge
Independent construction and property services company Willmott Dixon has become the latest firm to sign up to Property Week’s Inspiring Diversity in Property campaign, joining other signatories including The LOWE Group, Watts and Puma Property Finance.
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NewsAnnual rent payments hit record £85.6bn in 2023, says Hamptons
The total amount of rent paid by tenants in Britain this year will hit a record high of £85.6bn as rental growth continues to rise, says Hamptons.
