All News articles – Page 35
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OnlineAxel Springer quits Purplebricks’ board
PurpleBricks’ largest shareholder, Axel Springer, has withdrawn its director from the struggling online estate agent’s board while the business pursues a sale.
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EDC and Stoford given greenlight for £300m Bristol logistics scheme
Real estate investment and development firm Epta Development Corporation (EDC) and developer Stoford have received planning permission for a £300m GDV, 2m sq ft logistics scheme in Bristol, Property Week can reveal.
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Two Home REIT tenants fall into administration
Two of Home REIT’s major tenants have gone into administration, piling further trouble on the under-fire social housing group.
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Moderna to build vaccine plant in Oxfordshire
Moderna is set to build an innovation and technology centre in Harwell, Oxfordshire.
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Burke become Maples Teesdale managing partner
Real estate law firm Maples Teesdale has appointed Paul Burke as managing partner.
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Cornish Bakery appoints Four & Co and Central Retail to lead nationwide expansion
Cornish Bakery has appointed Four & Co and Central Retail as its agents for property acquisition as it plans to open at least 15 outlets a year.
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M7 fully lets Lombardy Retail Park in Middlesex
M7 Real Estate has let 12,500 sq ft of retail warehouse space at Lombardy Retail Park in Hayes to Currys.
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Lewisham Affordable BTR scheme forward sold to CBRE fund
Watkin Jones has forward sold of an affordable scheme in Lewisham to CBRE UK Affordable Housing Fund (AHF).
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LondonMetric sells seven assets for £33.9m
LondonMetric has sold seven long income assets for £33.9m, reflecting a return of 10%.
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Capco and Shaftesbury complete £3.5bn merger, become Shaftesbury Capital
Capital and Counties and Shaftesbury have completed their £3.5bn all-share merger to formed a new company that will dominate the Soho and Covent Garden area of central London.
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Alternative Income REIT’s NAV falls 12.5%
Alternative Income REIT’s net asset value (NAV) fell 12.5% in the first six months of its financial year, but the firm has assured investors that dividend payments will not be affected.
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LXi agrees £150m of new lending
LXi REIT has agreed a £150m loan and an extension to its existing £60m HSBC facility as part of its refinancing strategy.
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Regal London and Cheyne snap up Barnet retail park
Regal London and alternative asset manager Cheyne Capital Management have acquired Great North Leisure Park from Landsec.
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Social housing experts warn of 57,000 home shortfall from RTB
Social housing figures have raised the alarm that a shortfall of 57,000 social housing homes is expected by the end of the decade as a result of the government’s Right to Buy (RTB) strategy.
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Development site viability could be switched on by Ofgem connection reform
Currently unviable commercial and residential development sites could become viable in the future as a result of changes to Ofgem’s connection policy, according to engineering consultancy Buro Happold.
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Barings Real Estate leases Manchester office to Starling Bank
Barings Real Estate has leased the fifth floor of its Landmark office development in Manchester to Starling Bank.
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European logistics occupiers’ warehouse demands highlight need to revamp existing stock
Across Europe, 51% of logistics occupiers are planning to optimise their supply chains through new warehouse locations, but the lack of suitable sites means many existing facilities will need to be upgraded, according to a report published this week by JLL.
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Housebuilders face ’high level of risk’ in CMA probe
The government-requested CMA probe of the housebuilding and private-rented markets “presents a high level of risk” and will pose some “very telling questions” for UK housebuilders, industry sources have warned.
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LSH reports revenues of £87.8m for 2022
Lambert Smith Hampton (LSH) reported a total income of £87.8m in its financial results for the year ended 31 December 2022, which compares to the previous year’s figure of £95.5m.
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Knight Frank expands its valuation and property asset management teams
Knight Frank Newcastle has appointed Adam Harley to head its valuation department and Emily Horriben to work alongside the property asset management (PAM) team.
