All News articles – Page 29
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News
Audley Group forms multi-site joint venture with Octopus and PIC
Audley Group, provider of integrated retirement communities (IRCs), has formed a joint venture with a partnership between Pension Insurance Corporation (PIC) and Octopus Real Estate.
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News
Lendlease recruits Mitchell as head of equity for European capital markets
Austin Mitchell has joined real estate group Lendlease as head of equity capital markets.
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Dominus pays £27.5m for Square Mile ‘trophy’ office block
Dominus Real Estate has snapped up the RBS office building 5-10 Great Tower Street in the Square Mile from NatWest for £27.5m with an eye on converting it for alternative use.
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Get Living gets green light for £600m final phase of Olympic Village
Residential developer Get Living has secured planning approval from the London Legacy Development Corporation (LLDC) for three applications forming the final £600m phase of the Olympic Park’s East Village project in Stratford, London.
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Profit falls at PHP but rent growth continues
Primary Healthcare Properties (PHP), a REIT specialising in the rental of primary healthcare facilities within the UK and Ireland, has reported a fall in IFRS profit to £39.5m for the six months ended 30 June, down from from £107.1m during the same period last year.
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OakNorth Bank lends Total Fitness £6.5m to expand and upgrade portfolio
OakNorth Bank has provided Total Fitness with a £6.5m loan to refinance a previous facility, refurbish several clubs and target growth opportunities beyond its core health club business.
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Palace Capital’s 11 investment sales beat book value to yield £57.9m
Palace Capital has sold 11 investment properties for £57.9m since 1 April, at a 6.4% increase on their 31 March book value, according to a trading update from the company.
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Videos
PW ‘Inspiring Diversity in Property’ launch event overview
Last month, Property Week launched its inaugural Inspiring Diversity in Property campaign at a packed event in the Frobisher Rooms at the Barbican in London. Here’s an overview from the event. #InspiringDiversityPW
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Online
NewRiver to spell out growth opportunites to investors
NewRiver REIT will claim an “excellent operational performance” at its annual general meeting today (26 July), with chief executive Allan Lockhart set to highlight rises in occupancy and rent collection.
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Online
Vistry Group secures additional grant funding from Homes England
Housebuilding giant Vistry has secured an additional £67m from Homes England to develop grant-funded affordable homes in the period up to 2026.
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Online
NAV dips at Picton during second quarter
Net asset value (NAV) at Picton, the commercial property investment REIT, took a near-£6m hit in the quarter to the end of June.
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News
RNIB opens first building to adopt neurodiversity standard
The Royal National Institute of Blind People (RNIB) has opened its new London hub, The Grimaldi Building on Pentonville Road - the first building to fully adopt a new BSI neurodiversity standard.
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News
Carlton Power gets green light for ‘worlds largest’ £750m battery storage plant
Developer Carlton Power has secured planning approval from Trafford Council for a £750m Manchester scheme it said would be the “world’s largest” battery energy storage scheme (BESS).
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Gove lowers second-staircase threshold for residential developments to 18m
Housing secretary Michael Gove has confirmed the government’s intention to mandate second staircases in new residential developments and has lowered the threshold to buildings taller than 18m.
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Tritax signs LWC Drinks for Buckinghamshire Symmetry Park logistics unit
Tritax Symmetry has signed LWC Drinks for 116,000 sq ft on a 15-year lease at the final avaliable building on Symmetry Park, Aston Clinton, at Aylesbury in Buckinghamshire.
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Online
‘Rare’ office building in Milton Keynes hits the market
A 30,000 sq ft office building in Milton Keynes has been launched to the market as a major headquarters opportunity for sale or to let.
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Online
Plans submitted for £150m redevelopment of Antrim business park
Errigal Group has submitted a formal planning application for a £150m redevelopment and extension of Enkalon Business Park in Antrim, Northern Ireland.
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Online
Mantle Space signs for new flexible workspace in Cambridge city centre
Mantle Space has signed a six-year lease to operate a new flexible workspace out of 95 Regent Street in Cambridge.
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News
Abrdn markets new Birmingham warehouse
Investment firm abrdn has started marketing Gravelly Point at Gravelly Industrial Park in Birmingham to prospective tenants, following its recent completion at a cost of just under £27m.
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News
Goodstone Living secures £100m debt financing for Birmingham BTR scheme
Goodstone Living has secured over £100m of debt financing from NatWest and Allied Irish Bank to help transform a 4.2-acre former factory in Birmingham into a modular build-to-rent (BTR) residential community.