All News articles – Page 19
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NewsIngenious RE loans £26m for east London cinema conversion
Ingenious Real Estate (Ingenious RE) has loaned £26m to the owner of the former Boleyn Cinema site in East Ham, London, to develop it into a mixed-use scheme featuring 88 apartments, commercial space and a gym.
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Hargreaves Group snaps up Poole industrial park
Hargreaves Group has purchased Poole Trade Park, a 36,175 sq ft industrial asset in Dorset, Property Week can reveal.
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Home REIT acquires over 1,500 properties in past financial year
Home REIT, which invests in accommodation to tackle homelessness, said it acquired 1,528 investment properties in its last financial year to 31 August and a further 220 since then.
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Gleeson Homes signs up to NHQB’s Code of Practice
Midlands and North-focused housebuilder Gleeson Homes has signed up to the New Homes Quality Board’s (NHQB) Code of Practice.
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Activist investor calls for stability as Purplebricks CFO departs
Activist investor Adam Smith has called for stability at UK-based, tech-led estate agency Purplebricks, as chief financial officer (CFO) Steve Long departs the company.
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IWG posts sharp rise in quarterly revenue
Flexible workspace giant IWG has revealed that it delivered a 25% year-on-year growth in revenue during the third quarter to the end of September.
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Shaftesbury and Capco issue trading updates ahead of £3.5bn merger
Shaftesbury and Capital & Counties (Capco) have both released trading updates ahead of their £3.5bn merger.
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LondonMetric completes £28m of sales
LondonMetric Property has sold two assets for £28.2m, reflecting a blended net initial yield (NIY) of 4.6%.
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Cohort Capital finances purchase of 300-acre medieval castle estate
New boutique lender Cohort Capital has agreed a £9.1m financing deal for the purchase of a 300-acre medieval castle site in Kent, Property Week can reveal.
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LUHC Committee calls for overhaul of “beyond disgraceful” exempt housing
The Levelling Up, Housing and Communities (LUHC) Committee has called on the government to overhaul the exempt housing sector.
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Soho Housing Association appoints Billany as chair
London-based social housing provider Soho Housing Association has appointed Andrew Billany as chair.
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Commercial property rent collection levels ‘rising rapidly’
An average of 83% of rents due from commercial property tenants were collected within seven days of the due date for the latest quarter, marking the highest level achieved for any quarter since the start of the Covid-19 pandemic, according to Remit Consulting.
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Tenant demand at ‘all-time high’ according to survey
Tenant demand reached its second all-time high in 2022, according to a survey conducted by BVA BDRC, the international consumer and business insight consultant, on behalf of Paragon Bank.
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FORE hires new development director
FORE Partnership has appointed Sarah Trahair-Williams as its new development director.
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PIC invests £40m to fund 600 new Medway homes
Pension Insurance Corporation (PIC) has invested £40m in secured debt issued by mhs homes to fund the development of more than 600 properties in the Medway area of Kent and surrounding areas.
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Gove re-commits to 300,000 housing target
Recently returned housing secretary Michael Gove has confirmed the 300,000-new-homes-a-year target abolished by former prime minister Liz Truss will now remain in place.
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Ardent pays around £50m for retail element of Royal Exchange in City
The Ardent Companies UK has completed its acquisition of the retail element of The Royal Exchange in the City of London from Oxford Properties.
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Avant Homes appoints Innes as Scotland director
Iain Innes has joined Avant Homes from housebuilder Dandara as its Scotland area director.
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Grosvenor raises £150m
Grosvenor Property UK (GPUK) has agreed terms to raise £150m in a private placement to help fund various projects.
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Bioregional appoints Datta as trustee
Bioregional has appointed corporate sustainability expert Munish Datta to its board of trustees.
