All News articles – Page 28
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NewsBericote and Tritax Big Box sell Dartford business units to Logicor
Tritax Big Box and Bericote Properties have reportedly pre-sold 20 units at the former Littlebrook Power station in Dartford to Logicor for £25m, Property Week can reveal.
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Teesside Uni launches London campus at Here East
Teesside University has launched a new campus at Here East in London’s Olympic Park, adding to the number of universities and students based at the innovation and tech facility.
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St Modwen buys Birmingham and Manchester business parks
St Modwen Logistics, owned by US private equity giant Blackstone, has acquired business parks in Birmingham and Manchester totalling 175,000 sq ft.
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Vodafone agrees sale and partial leaseback of UK HQ amid downsizing
Vodafone Group has sold its 490,000 sq ft Newbury campus and long-term UK headquarters, The Connection, in a deal that will see the downsizing telecoms firm lease back just over half of the site’s office space.
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HUB buys three London buildings to kickstart urban living venture
Residential developer HUB has launched HubCap, a vehicle to acquire redundant commercial buildings for retrofitting into modern living options including aparthotels and co-living.
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Energy and cost crises force Q4 2022 hospitality closures above previous year
A combination of energy and cost crises have driven the number of closures of licensed premises in the fourth quarter of 2022 above the Covid-hit period in the previous year.
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Knight Frank and Berkadia form global capital markets platform
Knight Frank and Berkadia, a US-based commercial real estate group and joint venture of Berkshire Hathaway and Jefferies Financial Group, have joined forces to establish a new global capital markets platform.
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Hammerson hosts Sandbox VR at Birmingham shopping centre
Virtual reality firm Sandbox VR has selected Bullring & Grand Central, Birmingham’s largest shopping centre owned by property giant Hammerson, for its largest site and first UK location outside London.
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Crown Estate sues Twitter over unpaid rent
The Crown Estate has filed a claim against tech giant Twitter in the High Court over unpaid rent at its London headquarters near Piccadilly Circus.
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Valuation shifts hit pre-tax profit at Henry Boot
Development firm Henry Boot has told investors it will fall short of pre-tax profit forecasts despite record underlying figures for the year to the end of December, due to a reduction in investment property values.
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OnTheMarket appoints new finance chief
OnTheMarket has appointed Tom Carter as chief financial officer (CFO) and as a member of the property portal’s board.
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LondonMetric adds £2.4m to rent roll
LondonMetric Property completed 62 occupier deals during the final quarter of 2022, adding £2.4m to the group’s annual rental income.
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Redrow announces introduction of heat pumps as standard
Housebuilder Redrow has announced that all of its new detached home development will use air source heat pumps and underfloor heating as standard, as part of its plan to achieve net zero carbon by 2050.
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Plans for giant mixed-use Oxford scheme lodged ahead of developer hunt
Nuffield College and Oxford City Council have submitted plans for a massive mixed-use neighbourhood on the brownfield city centre Oxpens site, with the joint venture also hunting for a developer.
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Welsh shopping mall gets green light for business centre makeover
Mercia Real Estate (MRE) has been given the green light to change the use of the former Festival Park shopping centre in Ebbw Vale, Wales to an employment-led business centre.
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Oxford-Cambridge Arc life science sector makes hot start after record 2022
Life sciences real estate investment in the Oxford-Cambridge arc region has got off to a hot start in 2023, after hitting a record £1.65bn in 2022, according to Savills.
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Ex-housing ministers back report slamming brownfield housing policy
A swathe of former housing ministers have come out in support of a report slamming the government’s current housing policy, claiming that building solely on brownfield sites cannot deliver the amount of homes needed in Britain.
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ESG and inflation are increasingly important drivers for investing in real assets
Inflation-linked income and sustainability are becoming increasingly important drivers for institutional investors looking to put money into real assets, according to research from Aviva Investors.
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Godwin appoints Lesley Roberts as BTR director
Property developer Godwin Developments has appointed Lesley Roberts as director of build-to-rent (BTR) operations.
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Downing Living secures £227m loan for Manchester scheme
Real estate lending platform Precede Capital Partners and global financial services group Nomura have provided a £227m development loan to Downing Living.
