All News articles – Page 18
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OnlineTravelodge to double London hotel portfolio to 206
Travelodge has kick-started an ambitious London expansion programme with the opening of a hotel in Wimbledon.
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Elevation raises £330m for care home investments
Elevation Advisors has raised £330m in equity commitments for Elevation Healthcare Properties (EHP), its open-ended healthcare real estate investment vehicle that targets prime UK elderly-care real estate.
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Empiric sells Southampton student asset for £13.9m
Empiric Student Property has agreed the sale of Emily Davies House in Southampton to Far East Orchard for £13.9m.
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Warehouse REIT completes four lettings ahead of ERV
Last mile logistics group Warehouse REIT has completed four long-term lettings totalling 121,400 sq ft.
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Cromwell hires Young as head of ESG
Cromwell Property Group has hired Lara Young as its head of environmental, social, and governance (ESG).
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Wain Estates reveals plans for Manchester logistics hub
Wain Estates has revealed plans for a 1m sq ft industrial and logistics hub on a former petrochemical site south west of Manchester.
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Gleeson appoints Gusterson as MD of land division
The low-cost housebuilder MJ Gleeson has appointed Guy Gusterson as managing director of Gleeson Land, the group’s land promotion division.
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Springfield forecasts profit hit from economic downturn
Springfield Properties has told investors its revenue is “largely protected”, thanks to the house buying process in Scotland, in an update ahead of its half-year figures to the end of November.
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Hyman sets date for retirement from PHP
Harry Hyman will step down as chief executive of Primary Health Properties (PHP) at the company’s annual general meeting in 2024.
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Home REIT takes steps to mitigate criticism
Home REIT has repeated its claim that recent allegations about its management are “without substance”, after law firm Harcus Parker launched litigation against the company, claiming shareholders were misled by information Home REIT and its associates provided.
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Investor interest in homes reaches highest level since 2016
Investor interest in residential homes has reached the highest level since 2016, according to the Hamptons Monthly Lettings Index for November 2022.
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DLUHC allocates £8m to speed up cladding repairs
The Department for Levelling Up, Housing and Communities (DLUHC) has dedicated more than £8m to council enforcement teams to hold building owners to account for cladding repairs.
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Tax rule relaxation for REITs to provide a boost for property companies
Property companies looking to use Real Estate Investment Trusts (REITs) have received a boost from rule changes that simplify their tax requirements, relax sales deadlines and clarify legislation on assets with multiple tenants.
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Genesis Homes gains approval for Carlisle development
Genesis Homes has gained approval from Carlisle City Council’s Development Control Committee to build 157 homes on land near Cumberland House Clinic, in Carlisle.
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267 apartments proposed for Manchester’s Northern Quarter
Detailed plans have been submitted for two apartment buildings in the Northern Quarter area of Manchester, which will create 267 homes.
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ICG RE spends £220m in Morrisons sale-and-leaseback deal
ICG Real Estate, part of asset manager Intermediate Capital Group, has acquired a portfolio of seven ambient, chilled and frozen distribution facilities from Wm Morrison Supermarkets for £220m.
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Sama buys Birmingham City Council’s Lancaster Circus site
Birmingham City Council has sold a six-storey council office building on a1.33-acre city centre site to Shariah-compliant property developer Sama Investment Group for an undisclosed amount.
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Strettons offers trio of Falmouth buildings guided at £1.75m in December auction
A vacant property in Falmouth, Cornwall, has been valued at a guide price of £1.75m in Strettons’ December auction.
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Adviser Rapleys acquires peer Aston Rose
Property adviser Rapleys is undertaking its biggest expansion in its 72-year history with the acquisition of London-based peer Aston Rose for an undisclosed amount.
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Kitching Bower named RTPI’s North-West chair
Emilly Kitching Bower, a senior town planner at engineering giant Arup, has been elected chair of the Royal Town Planning Institute’s (RTPI) North West region for 2023.
