All News articles – Page 4
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Newsabrdn to support Border to Coast’s UK real estate pension fund
Abrdn has been appointed to support the launch and portfolio management of Border to Coast Pensions Partnership’s UK Real Estate proposition, due to launch in late 2024.
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Dalata Hotel Group purchases Apex Hotel London Wall for £53.4m
Dalata Hotel Group has acquired the Apex Hotel London Wall for £53.4m from Apex Hotels, subject to standard contractual conditions and approvals.
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TR Property Investment Trust posts dividend growth amid market challenges
FTSE 250 contingent TR Property Investment Trust, part of Columbia Threadneedle, has posted a final dividend of 9.85p, taking the full-year dividend to 15.50p, an increase of 6.9% on 2021/22, despite a fall in net asset value total return.
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UKAA launches new hub in the Midlands
The UK Apartment Association (UKAA), the membership organisation for the build-to-rent (BTR) sector, has launched its first hub in the Midlands as part of its expansion plans.
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Intermediate Capital Group Real Estate launches European logistics platform
The real estate division of Intermediate Capital Group (ICG) has announced the formation of Metropolitan Last Mile (Metropolitan), a pan-European distribution and industrial platform aiming to treble its assets over the next 18 months.
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British Land loses spot on FTSE 100
British Land has lost its spot on the FTSE 100 Index after 21 years, following an announcement from FTSE Russell, the global index provider, which confirmed that IMI will now be joining as a result.
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Lecram withdraws Purplebricks takeover bid
Investment group Lecram Holdings has withdrawn its offer to buy Purplebricks, saying it had decided not to proceed because the financial condition of the estate agent is “significantly worse than expected”.
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BNP Paribas Real Estate launches sustainability framework to monitor ESG targets
BNP Paribas Real Estate has launched a sustainability framework to supporting clients in achieving and monitoring environment, social and governance (ESG) targets.
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Lincolnshire Co-op and Wykeland Group snap up Waterside Shopping Centre in Lincoln
Lincolnshire Co-op and developer Wykeland Group have acquired the 130,000 sq ft Waterside Shopping Centre in Lincoln from Tesco Pension Fund for an undisclosed price.
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Labour’s CPO plan panned
Proposals to scrap ‘hope value’ within the compulsory purchase order (CPO) process is likely to lead to protracted legal challenges and increase the risk of regeneration schemes being delayed or not progressing, according to industry observers.
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House prices, mortgage approvals and property transactions fall
The housing market has suffered a triple whammy of negative news with house prices, mortgage approvals and transaction volumes all down in the most recent reports on the sector.
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Woking council forced into special measures
Two major regeneration schemes help borough council amass £1.9m debt pile.
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Online
LSL completes franchising move
LSL Property Services has completed the final stage of franchising its 183-strong estate agency branch network.
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Online
Property Franchise Group appoints SME expert Noyce to board
Estate agency network The Property Franchise Group has appointed Claire Louise Noyce as a non-executive director.
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This week in… 2017
Bank of China (Hong Kong), V and ING Bank closed what at the time was the UK’s largest real estate financing deal, when they jointly secured funding for CC Land’s £1.15bn acquisition of City of London skyscraper the Cheesegrater.
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MSP Capital secures £100m Pollen Street development funding facility
Property finance specialist MSP Capital has agreed a £100m development funding facility with London-based asset manager and private equity firm Pollen Street Capital.
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UK film and TV industry revival drives need for more space, CBRE survey reveals
The resurgence of the UK film and TV industry post-pandemic is driving the need for more studio space but development is struggling to keep pace, according to a survey undertaken by real estate adviser CBRE.
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Scrapping hope value could put regeneration schemes ‘at risk’
Proposals to scrap hope value within the compulsory purchase orders CPO process is likely to lead to protracted legal challenges and increase the risk of regeneration schemes being delayed or not progressing, according to industry observers.
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B&B HOTELS appoints chief executive
Expanding European budget hotel operator B&B HOTELS has announced the appointment of Patrick O’Connell as chief executive of UK operations.
