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All News articles – Page 11
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NewsBuilding needs a zap, stat
Most of us would welcome a drop in the headline rate of inflation, but we must be careful what we wish for. Deflation – or falling prices – is not healthy either, resembling instead the slowing beeps of a monitor as the patient slips away.
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NewsAI set to be ‘true disruptor’ of data centre property market
Experts say different needs of AI applications will transform data centres’ design, power needs and location.
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NewsGrowing bed shortage drives student accommodation rent hikes
Growth in the number of purpose-built student accommodation (PBSA) beds has slowed by 66.6% since 2019 and the supply shortage is expected to worsen, with an estimated shortfall of 490,000 beds by 2026, the latest annual report from student accommodation portal StuRents shows.
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NewsSigna’s financial woes could trigger Selfridge sale
The ownership of iconic London department store Selfridges has been plunged into doubt after co-owner Signa Group fell into financial crisis.
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NewsReal estate insolvencies spike amid rising interest rates
Real estate insolvencies rose 16% over the past year due to rising interest rates, higher debt servicing costs and falling demand for office and retail space, according to a report published this week by audit tax and advisory firm Mazars
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NewsIndustry could be on the ‘cusp’ of a serious downturn in demand
There is a sense the industry could be “on the cusp of a serious downturn in demand across the markets”, Gareth Lewis, PwC director, said during a webinar yesterday to launch the firm’s joint report with the Urban Land Institute (ULI) titled ’Emerging Trends in Real Estate Europe’.
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NewsRevolut in talks to move headquarters to iconic Canary Wharf YY building
Fintech banking firm Revolut is in talks to move its headquarters to a 113,000 sq ft space at Quadrant’s YY building at Canary Wharf.
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NewsPre-COP28 report highlights barriers to energy transition
A report published today by infrastructure consultancy AECOM has found that the dilution and delay of energy transition policy is affecting how businesses deliver decarbonisation.
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NewsStanley Land gains approval for 168- home St Helens development
Stanley Land and Homes has received planning permission to create 168 affordable homes to regenerate a former glass works site off Lancots Lane in St Helens.
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NewsUK house prices set to grow by 18% by 2028, according to Savills forecast
Savills’ latest five-year residential forecast has predicted mainstream house prices will experience total growth of 17.9% by 2028 after they are set to drop next year.
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NewsReal estate is ‘dead in the water’ if it can’t adjust adjust to higher-rate environment
A report from PwC and the Urban Land Institute (ULI) published today (8 November) has revealed the industry fears interest rates, inflation and low European economic growth will be key concerns for the next five years, leading investment experts to question the medium-term outlook for property.
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NewsMinister backs veto for planned giant Buckinghamshire data centre to ‘protect green belt’
Government minister Lee Rowley has upheld the rejection of plans to build England’s largest data centre in Iver, Buckinghamshire, between the M25 and an industrial estate, citing the need to protect the green belt.
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NewsPersimmon appoints former Galliford Try finance director Duxbury as CFO
Persimmon has appointed Andrew Duxbury, former group finance director at Galliford Try, as chief financial officer (CFO). He will join the board as an executive director, with the start date yet to be confirmed.
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NewsChurch Commissioners submit plans for 1m sq ft Hampshire employment hub
The Church Commissioners for England, in partnership with Legal & General and Gisborne, has submitted a planning application for Bushfield Camp, a 106-acre employment hub in Winchester, Hampshire.
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NewsUrban Splash and Places for People get greenlight for 125-home Sheffield scheme
Joint development partners Urban Splash and Places for People have secured planning permission to develop 125 apartments at the Park Hill scheme in Sheffield.
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NewsHanna and Boyce named London co-managing directors at Avison Young
Avison Young has appointed Kat Hanna and Adrian Boyce as co-managing directors for its London office.
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NewsGet Living secures £150m refinancing deal with PGIM for East Village scheme
Build-to-rent (BTR) operator Get Living has secured a £150m refinancing deal with investment manager PGIM Real Estate for the Portlands Place scheme at its flagship neighbourhood, East Village, in Stratford, east London.
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NewsUK Commercial Property REIT and Picton in merger talks
UK Commercial Property REIT (UKCM) is in discussions with Picton Property Income regarding a possible all-share merger, which would create a company with net assets of around £1.6bn and a portfolio worth around £2bn.
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NewsMayor of London joins calls from London housebuilders to boost supply
Mayor of London Sadiq Khan has joined leaders from London’s housebuilding sector in calling on government to adopt proposals to boost housing supply in the capital to avoid a national downturn.
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NewsGlenstone REIT absorbs Clifford Property in £13.5m deal
Glenstone REIT has acquired Clifford Property in a £13.5m net assets value (NAV)-for-NAV all-paper share purchase.
