All News articles – Page 29
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NewsAllsop hires James Pullen to build business rates offer
Property consultancy Allsop has appointed James Pullen as a partner to develop its national business rates advisory team for landlords and occupiers, in the run-up to the April 2023 revaluation.
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2022 values see worst decline since global financial crisis
UK investment property values in 2022 experienced their worst year since the global financial crisis, with a total decline of 14.2%, according to MSCI’s IPD UK Monthly Property Index for December.
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Countryside/Torus JV pays £100m for Warrington housebuilding site
Investor Satnam Group has sold a 170 acre plot of land in Warrington, Cheshire, for £100m to a joint venture (JV) between Countryside Partnerships and Torus Developments, which plans to build 1,200 homes on the site.
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‘A perfect storm’ of cost increases puts national infrastructure projects at risk
“A perfect storm” of high inflation and recession is putting Britain’s infrastructure projects at risk, which in turn could jeopardise other development and levelling-up, according to a new report.
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Deutsche FI hires Watt to head asset management
Private equity real estate platform Deutsche Finance International (DFI) has appointed Sofia Watt as head of asset management.
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M&S to spend £480m on bigger stores and foodhalls
M&S is investing £480m in “bigger, better” stores across the UK, creating more than 3,400 jobs across the country, as part of its five-year store rotation programme.
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PfP Capital buys development manager igloo Regeneration
PfP Capital, the social value real estate fund management arm of Places for People, has paid an undisclosed sum to buy development manager igloo Regeneration.
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Safestore posts strong annual figures
Storage giant Safestore has posted strong rises in both revenue and profit for the year to the end of October 2022.
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LendInvest agrees funding deal to back move into home lending
Finance portal LendInvest has agreed an increase in funding from Lloyds Bank to £300m to support an entry into the UK’s £1.2trn homeowner mortgage market.
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Crest Nicholson forward sales drop as demand falters
Housebuilder Crest Nicholson has told investors demand for its homes is “still strong” despite a drop in forward sales.
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Landsec set to line up former Debenhams chair as next chairman
Development giant Landsec looks set to announce former Debenhams chair Sir Ian Cheshire as its next chairman.
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SEGRO completes its greenest UK development in north London
Development giant SEGRO has completed SEGRO Park Tottenham in north London, its most sustainable scheme in the UK, which has achieved a BREEAM rating of 94%.
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Stetson to make UK debut at Shaftesbury’s Seven Dials
Heritage hat brand Stetson has signed a deal with West End landlord Shaftesbury to open its debut UK store at 58 Neal Street in Seven Dials, central London.
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Derwent sells City block for £54m
Derwent London has agreed the £54m sale of 19 Charterhouse Street in the City of London.
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Savills IM appoints Castelein in European urban logistics and industrial push
Savills Investment Management has appointed Evert Castelein as a senior fund manager, as it embarks on a new logistics and industrial strategy in Europe.
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AJC Group promotes Janes to managing director
Sebastian Janes has been promoted to managing director of Dorset-based affordable housing group AJC Group.
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Law firm TLT takes 20,000 sq ft in Salford
The English Cities Fund (ECF) has signed up law firm TLT to take the top two floors at the Eden office building in Salford.
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HSBC appoints Cushman & Wakefield to review options for Canary Wharf HQ
Banking giant HSBC Holdings has appointed Cushman & Wakefield to conduct a strategic review of its occupational requirements for its global headquarters in London and advise on its long-term property strategy.
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Values and NTA fall at Assura
The portfolio valuation of healthcare group Assura dipped 7% in the final quarter of 2022 as yields moved out.
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Property sector welcomes Skidmore Review on Net Zero
Leading figures from the UK property sector have broadly welcomed the Net Zero Review by MP Chris Skidmore but demanded greater government support to deliver the opportunities it identifies.
