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NewsRetailer M&Co to close all 170 stores
Troubled clothing retailer M&Co will close all its 170 stores by April after administrator Teneo Financial Advisory failed to find a buyer for its physical assets.
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True owners of 52,000 properties still unknown as overseas firms shirk transparency laws
The true owners of around 52,000 properties in the UK are still shrouded in mystery after thousands of offshore companies failed to comply with new transparency laws.
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Lucy Frazer out as housing minister
Lucy Frazer is leaving her post as housing minister at the Department of Levelling Up, Housing and Communities, to become the secretary of state for the Department for Culture, Media and Sport (DCMS), as part of prime minister Rishi Sunak’s cabinet reshuffle.
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BTR, PBSA and later living should be exempt from Building Safety Levy, says BPF
The British Property Federation (BPF) has called on government to remove build-to-rent, purpose built student accommodation and later living homes from the Building Safety Levy.
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House market rallies as prices stabilise in January
The house market seems to be rallying in response to the pressures of wider economic uncertainty, according to experts responding to the Halifax House Price Index, which revealed a period of stability in January.
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M7 Capital supports office asset acquisition with £12.5m loan
M7 Capital has provided, on behalf of its UK debt fund TREC II, a circa £12.5m loan to VCM Global Asset Management to support the acquisition of Orchard Brae House in Edinburgh.
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Paragon pledges £30m for Southwark PBSA scheme
Paragon Bank has provided a £29.6m financing package to support the development of a 267-bed purpose built student accommodation (PBSA) scheme in Southwark, south London.
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BA and GIC join forces with BlackRock on major King’s Cross Tribeca development
BlackRock Alternatives Real Estate has joined forces with British Airways’ pension scheme and Singaporean fund GIC to develop a major life sciences development, Tribeca King’s Cross.
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Telereal Trillium pays £33.32m for five industrial estates
Telereal Trillium has snapped up five industrial estates covering 386,000 sq ft for a total of £33.32m.
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New hope for UK gigafactory as Britishvolt set to be bought by Australian firm
An Australian firm has been named as the preferred bidder for car battery start-up Britishvolt, potentially rescuing its plans for a £3.8bn UK ‘gigafactory’ after it went into administration last month.
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Lack of assets and selective buyers ‘cushion’ pricing of London core offices
A lack of best-in-class assets and increasingly selective buyers are likely to cushion the pricing of London core offices from downward pressures, according to Savills.
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Native Land wins appeal against Westminster City Council
Native Land has scored a rare planning appeal victory against Westminster City Council, overturning the planning committee’s earlier decision to refuse its residential development plans in the prestigious Belgravia area on the basis of insufficient affordable housing provision.
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JD Sports to open 1,750 new stores in £3bn growth plans
UK-based JD Sports is to spend around £3bn opening up to 1,750 new stores over the next five years, the firm’s new chief executive Régis Schultz has announced.
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HUB and Bridges agree £108m deal to forward fund 500-home Leeds scheme
Developer HUB and impact investor Bridges Fund Management have signed a £108m forward-funding deal with Realstar to deliver 488 build-to-rent (BTR) homes in Leeds, renewing a partnership between the firms.
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Uncertain 2023 picture for construction sector, says Gleeds
The picture for the construction industry in the year ahead isn’t much clearer than last year, with many of the challenges faced in 2022 continuing, said property and construction consultant Gleeds.
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Serviced office provider Hubflow sets sight on 100 new London locations
A flexible workspace start-up from Belfast is launching a rapid expansion of its office network with a five-year plan to open 100 new locations in London.
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Recruitment and climate change shaping London office market, says Carter Jonas
Demand for London office accommodation will be shaped by increasing recruitment and urgency in moving to buildings compliant with new climate change regulations, according to Carter Jonas.
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PassiveLogic’s Troy Harvey says intelligent buildings are key to the green revolution
In the latest episode of BossCast, Troy Harvey, CEO of software firm PassiveLogic discusses how building automation can help the architectural and construction industries design and engineer next-generation buildings.
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DLUHC consults on cladding cost recovery proposals to protect leaseholders
The Department of Levelling Up, Housing and Communities (DLUHC) has launched a consultation seeking views on proposals that would force landlords to try all other avenues of cost recovery before going after leaseholders for cladding remediation work.
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Bond Wolfe annual sales breach £200m mark
Property auctioneer and agent Bond Wolfe delivered record annual revenue of £210m in 2022, up a fifth from the previous year.
