All News articles – Page 13
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OnlineLXi agrees £150m of new lending
LXi REIT has agreed a £150m loan and an extension to its existing £60m HSBC facility as part of its refinancing strategy.
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Regal London and Cheyne snap up Barnet retail park
Regal London and alternative asset manager Cheyne Capital Management have acquired Great North Leisure Park from Landsec.
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Social housing experts warn of 57,000 home shortfall from RTB
Social housing figures have raised the alarm that a shortfall of 57,000 social housing homes is expected by the end of the decade as a result of the government’s Right to Buy (RTB) strategy.
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Development site viability could be switched on by Ofgem connection reform
Currently unviable commercial and residential development sites could become viable in the future as a result of changes to Ofgem’s connection policy, according to engineering consultancy Buro Happold.
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Barings Real Estate leases Manchester office to Starling Bank
Barings Real Estate has leased the fifth floor of its Landmark office development in Manchester to Starling Bank.
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European logistics occupiers’ warehouse demands highlight need to revamp existing stock
Across Europe, 51% of logistics occupiers are planning to optimise their supply chains through new warehouse locations, but the lack of suitable sites means many existing facilities will need to be upgraded, according to a report published this week by JLL.
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Housebuilders face ’high level of risk’ in CMA probe
The government-requested CMA probe of the housebuilding and private-rented markets “presents a high level of risk” and will pose some “very telling questions” for UK housebuilders, industry sources have warned.
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LSH reports revenues of £87.8m for 2022
Lambert Smith Hampton (LSH) reported a total income of £87.8m in its financial results for the year ended 31 December 2022, which compares to the previous year’s figure of £95.5m.
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Knight Frank expands its valuation and property asset management teams
Knight Frank Newcastle has appointed Adam Harley to head its valuation department and Emily Horriben to work alongside the property asset management (PAM) team.
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Rightmove’s revenue rises 9%
Rightmove’s revenue has jumped 9% on 2021 to £332.6m, as customers continued to upgrade their packages and increase their use of digital products, according to the property portal’s full-year results.
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Dicentra gains greenlight for 65,000 sq ft Waterlooville development
Dicentra Developments has secured permission to build five commercial buildings across circa 65,000 sq ft after acquiring the Newlands Business Park at Waterlooville in Hampshire from housebuilder Taylor Wimpey for an undisclosed amount.
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Copley and Brookfield in £125m triple deal for Tritax warehouse assets
Copley Point Capital and Brookfield have snapped up a UK portfolio of logistic assets in a £125m triple deal with Tritax Big Box REIT.
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Cheshire’s Bruntwood SciTech gets extra 200,000 sq ft plan approved
Bruntwood SciTech, a 50:50 joint venture (JV) between Bruntwood and insurer Legal & General, has gained approval for two buildings for a total of 200,000 sq ft of laboratory and office space at Alderley Park in Cheshire.
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Argent orders safety inspections on King’s Cross building after cladding falls off
Argent has ordered safety inspections at one of its residential schemes in London’s King’s Cross after part of the building’s cladding fell off.
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BPF warns of ‘clear contradictions’ in NPPF consultation
The British Property Federation (BPF) has warned of ‘clear contradictions’ between government policy to focus housing delivery on 20 of the UK’s largest town and cities, and what it claims is a watering down of requirements for local authorities to undertake a green belt review.
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NAV grows at Capital & Regional as post-pandemic recovery gathers pace
Capital & Regional’s (C&R’s) post-pandemic recovery saw its net asset value (NAV) increase 6.3% to £179.1m from £168.4m in 2021, according to its full year results to 30 December 2022.
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KPMG UK appoints Shields as head of real estate corporate finance
Philip Shields has joined KPMG UK to lead the real estate corporate finance practice, working as part of the corporate finance and debt advisory practices and wider multi-disciplinary real estate division.
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Taylor Wimpey reports 11% profit increase
Housebuilder Taylor Wimpey delivered £923.4m in profit for the year ended 31 December 2022, which marks an increase of 11.4% compared to the year prior.
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NTA drops 19% at Tritax Big Box REIT
Tritax Big Box REIT has posted a 19% decrease in net tangible assets (NTA) for the 12 months ended 31 December.
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Planning fee hike slammed
Government proposals to hike planning fees by as much as 35% for major developments could price small developers out of the market and create a “two-tier planning system”, industry sources have warned.
