All News articles
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OnlineDeloitte Crane Survey shows office construction levels fell in 2022
The number of office developments completed in Belfast, Birmingham, Leeds and Manchester fell 13% in 2022 compared with 2021, according to the Deloitte Crane Survey.
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Paragon pledges £30m for Southwark PBSA scheme
Paragon Bank has provided a £29.6m financing package to support the development of a 267-bed purpose built student accommodation (PBSA) scheme in Southwark, south London.
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BA and GIC join forces with BlackRock on major King’s Cross Tribeca development
BlackRock Alternatives Real Estate has joined forces with British Airways’ pension scheme and Singaporean fund GIC to develop a major life sciences development, Tribeca King’s Cross.
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Telereal Trillium pays £33.32m for five industrial estates
Telereal Trillium has snapped up five industrial estates covering 386,000 sq ft for a total of £33.32m.
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New hope for UK gigafactory as Britishvolt set to be bought by Australian firm
An Australian firm has been named as the preferred bidder for car battery manufacturer Britishvolt, potentially rescuing its plans for a £3.8bn UK ‘gigafactory’ after it went into administration last month.
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Lack of assets and selective buyers ‘cushion’ pricing of London core offices
A lack of best-in-class assets and increasingly selective buyers are likely to cushion the pricing of London core offices from downward pressures, according to Savills.
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Native Land wins appeal against Westminster City Council
Native Land has scored a rare planning appeal victory against Westminster City Council, overturning the planning committee’s earlier decision to refuse its residential development plans in the prestigious Belgravia area on the basis of insufficient affordable housing provision.
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Manière de Voir signs for flagship physical London store
Online fashion retailer Manière de Voir has taken space at Hines’ Oxbourne House development above Bond Street station in London for its first physical store worldwide.
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Jastar Capital buys London aparthotel in £40m-plus deal
London aparthotel Native Bankside has been sold by Create REIT to Jastar Capital in a deal in excess of £40m.
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JD Sports to open 1,750 new stores in £3bn growth plans
UK-based JD Sports is to spend around £3bn opening up to 1,750 new stores over the next five years, the firm’s new chief executive Régis Schultz has announced.
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Former Avant boss reveals management team for housebuilding venture
Former Avant Homes boss Mark Mitchell has appointed Jeremy Gledhill as chief finance officer and Richard Hall as head of procurement at his new housebuilding venture Honey.
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HUB and Bridges agree £108m deal to forward fund 500-home Leeds scheme
Developer HUB and impact investor Bridges Fund Management have signed a £108m forward-funding deal with Realstar to deliver 488 build-to-rent (BTR) homes in Leeds, renewing a partnership between the firms.
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Innovation-led assets drive 68% leap in profit at Bruntwood
Bruntwood has reported its second best ever profit, at £75.2m, and a 10.7% jump in net asset value (NAV) for the year to the end of September.
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Uncertain 2023 picture for construction sector, says Gleeds
The picture for the construction industry in the year ahead isn’t much clearer than last year, with many of the challenges faced in 2022 continuing, said property and construction consultant Gleeds.
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Serviced office provider Hubflow sets sight on 100 new London locations
A flexible workspace start-up from Belfast is launching a rapid expansion of its office network with a five-year plan to open 100 new locations in London.
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Recruitment and climate change shaping London office market, says Carter Jonas
Demand for London office accommodation will be shaped by increasing recruitment and urgency in moving to buildings compliant with new climate change regulations, according to Carter Jonas.
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DLUHC consults on cladding cost recovery proposals to protect leaseholders
The Department of Levelling Up, Housing and Communities (DLUHC) has launched a consultation seeking views on proposals that would force landlords to try all other avenues of cost recovery before going after leaseholders for cladding remediation work.
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Bond Wolfe annual sales breach £200m mark
Property auctioneer and agent Bond Wolfe delivered record annual revenue of £210m in 2022, up a fifth from the previous year.
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Mason-owned care homes to get upgrade following £20m bond launch
Special purpose vehicle RCB Bonds has launched a retail bond to raise £20m for the upgrade of care homes owned by the Royal Masonic Benevolent Institution Care Company (RMBI Care Co).
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Anchor launches plan for 5,700 later living homes in 10 years
Not-for-profit later living provider Anchor,is tendering for consultancy partners to support its plans to build 5,700 homes over the next 10 years.
