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All News articles – Page 13
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NewsDLUHC takes space at Greater Manchester Pension Fund’s Soapworks
Greater Manchester Pension Fund (GMPF) has agreed a deal with the Department for Levelling Up, Housing and Communities (DLUHC) to expand the department’s footprint at the Soapworks development in Salford.
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NewsJohn Lewis foray into BTR could result in losses of £57m
John Lewis’ foray into the property sector has left the firm “beset from all sides” according to one expert after it was reported its build-to-rent (BTR) scheme in Ealing, West London, was likely to result in losses of £57m.
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NewsColliers to seek occupiers for MediaCity buildings
Colliers will join CBRE and Canning O’Neill in seeking occupiers for MediaCity’s Orange, Blue, White and Tomorrow buildings, as well as future developments, as part of the area’s next phase of growth and development.
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NewsBuckingham Group collapse hits string of stadium developments
Construction firm Buckingham Group has formally entered administration after attempts to find a buyer failed, throwing a wrench in the works of a number of major developments involving UK sports stadiums.
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NewsProperty portfolio value slips at Howard de Walden Estates
Howard de Walden Estates has posted a statutory pre-tax headline loss of £102.3m compared with a £199.8m profit a year earlier, according to its annual results for the year ended 31 March 2023.
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NewsBritish Land’s former development head to join Barratt board
Nigel Webb, the former head of development at British Land, is to join Barratt as an independent non-executive director next month.
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OnlineAEW UK Impact Fund launches with £100m seed portfolio
AEW has launched it first place-based impact investing strategy with a £100m seed portfolio.
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OnlineProfit and revenue hit at Winkworth as homebuyers delay completions
Estate agency group M Winkworth’s revenue dipped 5% to £26.4m for the half-year to the end of June, compared to £27.7m during the same period last year, while Pre-tax profit slumped 24% to £810,000, compared to £1.07m last time, after a weak second quarter.
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OnlineProfit plunges at Barratt due to economic headwinds
Housebuilding giant Barratt Developments was hit by a 16.2% fall in pre-tax profit to £884.3m, compared to more than £1bn in the previous year, despite a 1% rise in revenue to £5.3bn in the year to the end of June.
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News‘Unhelpful headwinds’ behind failure of IPSX, says chief exec
Roger Clarke says he is still convinced of the need for such a property exchange despite lack of investor interest
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NewsGaps in laws leave two thirds of offshore property owners anonymous
More than two thirds of properties held by overseas shell companies are still not reporting the identity of their owners as a result of flaws, loopholes and gaps in the laws meant to crack down on dirty money in UK property, new analysis has warned.
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NewsPureGym reports rising profits as its opens more than 40 branches
PureGym has reported rising profits and membership in its half-year results to the end of June, after opening more than 40 new gyms over the past year.
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NewsBruton Knowles recruits McLeod-Baikie to national valuation team
Helen McLeod-Baikie has joined Bruton Knowles’ national valuation team as senior associate in the new role of head of public sector valuation, having moved from Pembrokeshire County Council, where she was formerly chief property officer.
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NewsThe Hill Group snaps up 17-acre Cambridgeshire site for £14.5m
Developer The Hill Group has acquired a 17-acre site for a 110-home development in Fulbourn, Cambridgeshire, from Castleford International for £14.5m.
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InsightRapleys Living appoints Mat Shenton to lead new homes department
Strategic property consultancy Rapleys has launched a new homes team within its Rapleys Living division and hired Mat Shenton from JLL to head up the project.
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NewsOrega takes additional flex space at City offices
Flexible workspace provider Orega is to open 37,000 sq ft of new workspace at 70 Gracechurch Street in the City of London.
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NewsPraxis and Veld Capital buy Birmingham campus Brindleyplace for £125m
Property investment platform Praxis and private credit investor Veld Capital have bought Birmingham’s mixed-use campus Brindleyplace in a deal worth £125m.
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NewsPrivate investors acquire £1.3bn of London office assets over 12 months
Ultra-high-net-worth individuals and family offices have acquired £1.3bn worth of London office assets over the past 12 months, according to Knight Frank.
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NewsB&M agrees £13m takeover deal for 51 Wilko stores
Discount retailer B&M has agreed a £13m deal with administrators to acquire 51 Wilko stores.
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NewsVistry’s Fitzgerald to see bonus jump after narrow approval from shareholders
Greg Fitzgerald, chief executive of Vistry, is set to see his base salary increase by 5.9% to £800,000, while his maximum annual bonus will increase from 150% to 300% of his salary.
