All News articles – Page 14
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NewsDalata Hotel Group purchases Maldron Hotel for £44.3m
Dalata Hotel Group, a hotel operator in Ireland with a growing presence in the UK and continental Europe, has announced the acquisition of its first Maldron hotel in London for £44.3m.
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MJ Gleeson’s profits slump amid market slowdown
Housebuilder MJ Gleeson has reported a 1.4% fall in revenue to £171m for the half-year to 31 December 2022, after the economic slowdown hit housing sales.
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Redevco and SFP enter UK BTR sector
Redevco and SFP Group have formed a joint venture agreement to invest in the UK Build to Rent (BTR) real estate market over the next two years.
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Civitas agrees £71m lending deal
Civitas Social Housing has secured a new five-year term debt facility of £70.875m with a European bank.
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Home REIT receives offer to buy group as it reveals ‘serious deterioration’ in rent collections
Troubled social housing group Home REIT has told investors that it may put the company up for sale following a report into its portfolio showed a “serious deterioration in rent collections”.
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Daggers drawn over MoD homes
A High Court case brought by Guy Hands’ Annington Homes over the government’s bid to reclaim an £8bn portfolio of military residential properties is being watched closely by property lawyers, who say the outcome could have further implications for the Leasehold Reform Act (LRA) 1967.
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Build-to-rent one of the most in-demand property sectors
Savills survey reveals demand for rental homes is driving investment in BTR, which reached £4.3bn last year
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UK construction output value reaches record £204bn in 2022
Total UK construction output value reached £204bn in 2022, marking the first-time annual construction value has surpassed £200bn, according to the latest data from the Office for National Statistics (ONS), although separate research has shown these figures have been inflated by cost increases.
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Regal London pushes ahead with Watford sustainable office development
Regal London has decided to move ahead with its first standalone office development, Clarendon Works, a speculative 173,000 sq ft office scheme in Watford.
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‘Awaab’s Law’ welcomed by housing associations
The social housing sector has welcomed proposed amendments to the Social Housing Regeneration Bill giving landlords deadlines to investigate and repair serious cases of damp and mould.
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Lendlease puts £114m price tag on cladding repairs
Lendlease has predicted it will have to spend £114m to cover the cost of post-Grenfell UK cladding repairs, but said it would seek to claw back as much of the costs as possible from contractors
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Bywater and Sumitomo Forestry set out aspirations for £1bn joint venture
Sumitomo Forestry, one of Japan’s largest developers, has established a joint venture with British developer Bywater Properties to enter the UK real estate market, focusing on low-carbon property development and refurbishment.
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Housing association pair face enforcement action over ‘serious and recurrent’ breaches
The Regulator of Social Housing (RSH) has issued enforcement notices again two UK housing associations over “serious concerns” about weaknesses in their governance and ability to ensure their long-term viability.
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Dominus to provide permanent London home for Migration Museum
Dominus is to create a permanent home for London’s Migration Museum as part of a proposed 769-bed student accommodation development near the Tower of London.
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Brian Welsh departs Round Hill Capital
Brian Welsh has left Round Hill Capital (RHC) where he served as managing director and head of its student accommodation arm, based in London.
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This week in… 2014
Henderson’s plans to build 1.35m sq ft of office and retail space within its Leadenhall Triangle development were recommended for approval by City planning officer Peter Rees.
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Sadiq Khan mandates second staircase for all new London towers over 30m
All new buildings in London taller than 30m must now include a second staircase, London mayor Sadiq Khan has mandated.
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Brunswick lets Croydon tower floor to Fairfield School of Business
Property investor Brunswick Property Partners has let 10,629 sq ft of an office scheme at Croydon’s Stephenson & Knollys House to Fairfield School of Business on a 15-year lease.
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Redhill shopping centre sold to private investor for around £17m
Belfry Shopping Centre in Redhill, Surrey has been sold to a private investor represented by Running Hare for £17m.
