All News articles – Page 19
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OnlineIWG announces record quarterly revenue
Serviced office group IWG posted a record quarterly revenue during the first three months of its financial year, growing income by 25%.
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Persimmon and Aviva lead £70m fundraising for modular housebuilder TopHat
TopHat, the modular housebuilder, has raised £70m from new and existing shareholders as the company draws closer to opening Europe’s largest modular housing factory.
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Wavensmere selected as developer for 11.5-acre Derby resi regeneration
An 11.5-acre derelict former goods yard site in the centre of Derby is a step closer to regeneration after the plot’s owner selected Wavensmere Homes as preferred development partner.
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Average house price for first-time buyers hits record high
The average asking price for first-time house buyers has hit a record high of almost £225,000, according to online property portal Rightmove.
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Lok’nStore secures ‘excellent’ pipeline amid strong interim results
Self-storage group Lok’nStore announced that it has 10 new centres in the pipeline as it reported a 1.5% rise in revenue to £13.58m in its interim results for the six months to 31 January.
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Hammerson in talks to sell stake in Croydon’s Whitgift
Hammerson is in talks to sell its stake in Croydon’s Whiftgift Centre to joint venture partner Unibail-Rodamco-Westfield, according to reports.
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Luxury retailer Kering strikes record UK rent deal for Bond Street store
Luxury goods firm Kering has agreed a lease worth a reported record UK rent of £13m a year for a new Saint Laurent store on London’s Bond Street.
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JLL and property investors quit CBI over sexual misconduct claims
A number of property groups and investors have quit the Confederation of British Industry (CBI) after more than a dozen allegations of sexual misconduct from women who worked for the body.
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JR Capital and Chancerygate buy Northampton logistics assets
JR Capital and Chancerygate’s urban logistics fund has bought a portfolio of seven fully let urban logistics units on Crow Lane Industrial Park in Northampton.
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Gravity appoints Stärka to advise on site acquisitions
Entertainment and leisure company Gravity has appointed real estate adviser Stärka to find sites in the UK and internationally.
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Supermarket Income REIT buys Tesco store in Worcester
Supermarket Income REIT has paid the British Steel Pension Fund £38.3m for a Tesco supermarket in Worcester.
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More shareholders voice support for Hammerson in Lighthouse battle
Another raft of Hammerson’s major shareholders have thrown their weight behind the firm’s board and pledged to back its strategy amid a revolt from its largest shareholder Lighthouse Properties.
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Cladding testing review welcomed as Gove turns focus onto investors
Leading voices from the property sector have welcomed a government-commissioned independent review into construction product testing and the role product manufacturers played in creating the conditions leading to the Grenfell disaster in 2017.
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Alternative occupier warehouse lettings rise as online retail levels continue decline, says Knight Frank
Post-pandemic declines in online retail continue to impact leasing volumes for UK warehouse units but growing interest from a wider range of occupiers is increasing, according to global property consultancy Knight Frank.
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Allsop sells all lots at betting shop auction
Auctioneer Allsop reported a 100% success rate with its sale of 58 William Hill betting shops yesterday (20 April).
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Parade goes for double but other key lots remain at Savills
A corner parade located opposite the railway station in Beckenham, Kent sold for just over £8m, almost double its guide price, at Savills’ auction on 18 April, which raised over £32m with a success rate of 65%, but a number of other key lots remained on the shelf.
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Rula buys 25 acre industrial site at Cheshire’s Winsford Gateway
Rula Developments has acquired 25 acres of land in Cheshire from Build&Thrive, a partnership between Cheshire West and Chester Council and consultants PSP, for an undisclosed amount.
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Leumi UK completes £13.75m loan with Frogmore to fund Manchester site
Specialist property lender Leumi UK has provided real estate fund manager Frogmore with a £13.75m, short-term loan to refinance Cotton Quay in Salford Quays, Manchester.
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Together partners with Inspired to bolster net-zero plans
Property finance company Together has signed a three-year agreement with energy and sustainability consultancy Inspired as part of its campaign to reduce emissions to net zero.
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Foxtons posts 10% rise in Q1 revenue
Foxtons Group has reported a 10% rise in revenue to £32.9m for the first quarter of the year, up from £30m in Q1 2022, as lettings growth continued to make up for falling sales.
