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All News articles – Page 24
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NewsMultiverse moves London HQ to WeWork 2 Eastbourne Terrace
Education tech unicorn Multiverse has moved its London headquarters to WeWork 2 Eastbourne Terrace in Paddington.
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NewsLGIM backs Unite with landmark £400m loan facility
LGIM’s dedicated UK and European real estate debt division has provided a £400m facility to Unite secured against a portfolio of 23 purpose-built student accommodation (PBSA) assets across the UK.
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NewsGove goes months without meeting major housebuilders
A government document has revealed that housing secretary Michael Gove has gone months without meeting major housebuilders.
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NewsPlanning fees ringfencing decision a ‘kick in the teeth for developers’
Experts from across the planning, property and construction sectors have slammed an increase in planning fees after it emerged the funding raised will not be ringfenced, dubbing it a “kick in the teeth” for developers.
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NewsHistoric Truman Brewery set for office-led redevelopment as legal fight fails
Long-contested plans to convert an historic east London brewery into an office-led mixed-use development are finally set to move forward after an appeal court judge ruled in favour of the scheme.
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NewsL&Q ordered to pay £142,000 in compensation after damming report
The Housing Ombudsman has ordered housing association L&Q to pay £141,860 in compensation after publishing a damming report into its misconduct.
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NewsAlternative Income REIT meets dividend target
Diversified commercial property owner Alternative Income REIT has met its target annual dividend of 5.7 pence per share (pps) for the year to 30 June 2023, as it declared a fourth interim dividend of 1.92pps for Q2.
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NewsTaylor Wimpey profit drops 43% amid ‘extremely challenging’ planning backdrop
Taylor Wimpey has reported a 42.7% decrease in its profit before tax for the first half of 2023 as it said “variable market conditions including substantially higher mortgage rates” had an impact on results.
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OnlineNTA nudges up at Target Healthcare
Net tangible assets (NTA) at care home group Target Healthcare nudged up during the three months to the end of June as rent across its portfolio rose.
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OnlineAviva Investors provides additional £57m loan to Urban Logistics
Aviva Investors has agreed an additional £57m in sustainable transition financing to Urban Logistics REIT.
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NewsMore stores could close as House of Fraser boss brands department stores ‘broken’
The owner of House of Fraser has warned it could close more large stores as he declared that the “department store globally is broken”.
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NewsHBD completes 85,000 sq ft Luton warehouse for Shoal Group
Developer HBD, part of the Henry Boot Group, has completed a new 85,000 sq ft shed at its 83-acre Butterfield Business Park in Luton.
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NewsWaystone Hargreaves Land gets go-ahead for 375,000 sq ft Hatfield shed
Waystone Hargreaves Land, a joint venture between Hargreaves Land and Waystone Developments, has secured planning permission for a 375,000 sq ft warehouse in Hatfield, South Yorkshire.
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OnlineGagné says Value Retail stake not a ‘long-term hold’ for Hammerson as group eyes sale
Hammerson has given its strongest signal yet that it is preparing to sell its stake in Value Retail, Property Week can reveal.
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NewsProfit drops 31% at Travis Perkins
Building materials supplier Travis Perkins has revealed that its adjusted operating profit of £112m has fallen by 31% in its half-year results amid “challenging” market conditions.
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NewsUK university towns face shortage of 350,000 PBSA beds
Major university towns across the UK are facing a shortage of more than 350,000 purpose-built student accommodation (PBSA) beds due to rising demand, according to CBRE.
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NewsNationwide reveals biggest annual house-price fall since 2009
UK house prices decreased 8.8% in July, representing the largest fall on record since 2009, according to Nationwide’s index.
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NewsGove green-lights controversial landlord licensing scheme in Nottingham
Housing secretary Michael Gove has given the green light for Nottingham City Council to proceed with its new controversial selective licensing scheme.
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NewsCineworld suspends listing on London Stock Exchange
Cineworld has suspended its listing on the London Stock Exchange and applied to the High Court to be put under administration amid its restructuring process.
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NewsCain and Starwood agree £535m loan for Wood Wharf development
Investment firms Cain International and Starwood Capital Group have agreed to provide a £535m loan to the Canary Wharf Group to support the development of its Wood Wharf residential scheme in London.
