All News articles – Page 37
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OnlineFoxtons’ lettings division supports annual revenue and profit growth
London estate agency Foxtons has told investors that the impact of the mini-Budget last September is still being felt, with its sales pipeline reduced by the economic turmoil that resulted from it.
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Munroe K secures £67m funding for Leeds business park
Development and investment group Munroe K has secured £67m of funding from Lloyds Bank to fund its carbon-neutral programme at White Rose business park in Leeds.
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IWG posts record revenue as losses narrow in 2022
Serviced office giant IWG has told its investors that it is “cautiously optimistic” for 2023, after significantly reducing its pre-tax losses in 2022.
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Axel 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PurpleBricks’ largest shareholder, Axel Springer, has withdrawn its director from the struggling online estate agent’s board while the business pursues a sale.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.
