All News articles – Page 26
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LXi REIT completes Travelodge sales
The majority of the sale proceeds will be used to pay down debt.
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Michael Gove under investigation by parliament’s standards watchdog
The Parliamentary Commissioner for Standards is examining the housing secretary’s register of financial interests.
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RICS launches investigation into claims against HS2 property agents
Agents acting on behalf of the high-speed line’s acquistion team are accused of unprofessional behaviour.
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Sirius Real Estate snaps up third German asset this year in £11.73m deal
The firm plans to convert the site near Dresden into a multi-tenanted business park.
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Yusen Logistics takes 1.2m sq ft at SEGRO Logistics Park Northampton
Global supply chain logistics firm becomes first tenant to sign for the development.
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TR Property sells The Colonnades in west London for £33.5m
The property comprises a large, fully let, mixed-use block in Bayswater, constructed in the 1970s.
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Cairn Homes boosts revenue amid ‘exceptionally high’ demand
The housebuilder achieved a total of 1,741 sales completions in the year.
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PPHE Hotels posts record annual revenue figures
A growing occupancy rate was behind a 26% rise in income.
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Hammerson weighs Value Retail options as annual figures show recovery
Chief executive Rita-Rose Gagné has said the group is considering its options on the £1.9m holding.
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Shaftesbury Capital explores new acquisition opportunities
The REIT reported a strong portfolio valuation as prime West End real estate continues to attract investors.
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P-THREE appoints Gidney as director
Harriet Gidney has more than 15 years of experience advising owners and asset managers.
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Custodian sells two industrial assets to take disposals so far this year to £30m
The deals are set to complete in the next two months, with proceeds expected to be used to cut variable-rate debt.
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MSCI ranks London as top global cross-border investment location
UK and Germany ranked second and third, behind the US, as countries attracting the most cross-border investment
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Director banned after unlawful care home scheme saw investors lose £57m
The scheme promised investors unachievable returns and put their funds “at risk”.
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Strong leasing prompts Derwent to upgrade rental guidance
“I can’t remember a busier year for us”, said CEO Paul Williams after firm tripled rental income in 2023.
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First stage of 5,000-home Trafford masterplan gets greenlight
The scheme will be developed by a partnership between Peel, Manchester United and Salford Council.
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Populo’s £1bn Stratford resi scheme gets the go-ahead
Newham Council’s housing developer originally submitted the masterplan to the LLDC in 2022.
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Tata confirms Somerset site for new £4bn gigafactory
The battery cell factory at Gravity Smart Campus is expected to have an annual capacity of 40GWh.
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Veteran Stanhope director Williams to retire
His more than 40-year career encompassed work at Milton Keynes, The Carroll Group, Trafalgar House and Stanhope.
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London mayor calls for £1.1bn of Russian-owned property to be seized and sold
Khan calls for seizure of £1.1bn of assets from “Putin’s cronies” on two-year anniversary of Russia’s invasion of Ukraine.