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All News articles – Page 12
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NewsAvant Homes sells 300-home portfolio for PRS use to Sigma for £60m
Housebuilder Avant Homes has completed the sale of 306 homes across eight developments to single-family housing provider Sigma Capital Group for more than £59.5m.
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NewsBrent Cross Town developers secure £97m green loan
Related Argent and joint venture partner Invesco Real Estate have secured £97m in debt financing from LaSalle Investment for the development of Brent Cross Town’s second build-to-rent (BTR) building.
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NewsWeWork files for bankruptcy in US but ‘business as usual’ for UK operations
WeWork has filed for Chapter 11 bankruptcy in the US but declared it is “business as usual” for its operations in the UK and Ireland.
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NewsIWG reports revenue rise for Q3
IWG, a global provider of hybrid workspace, has reported system revenue of £830m for Q3, representing growth of 8% year on year, according to its quarterly update.
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NewsFoxtons acquires lettings agent Ludlow Thompson
Foxtons Group has acquired Ludlow Thompson, a lettings-focused estate agent operating across seven branches in London, for £10m on a cash and debt-free basis.
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NewsSirius Real Estate acquires £33.5m portfolio of three north London assets
Sirius Real Estate, through its BizSpace subsidiary, has acquired a £33.5m portfolio of three assets in north London from a closed-ended fund.
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NewsPersimmon grows full-year volumes but staff headcount could fall by 700
Housebuilder Persimmon has said today (7 November) it is now on track to deliver around 9,500 new homes for 2023, ahead of its 9,000 total completions forecast over the summer and operating profit will be in line with expectations.
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NewsHousebuilding lull weighs on construction activity
Housebuilding decreased for the 11th successive month in October and at a much steeper pace than elsewhere in the construction sector, with the headline S&P Global/CIPS UK Construction Purchasing Managers’ Index (PMI) at 38.5.
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NewsAvant Homes North West appoints commercial director
Housebuilder Avant Homes North West has announced the appointment of Alan Cawley as its new commercial director to support delivery of its multi-tenure expansion strategy.
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NewsPlans submitted for £1bn Golden Valley science and tech project in Cheltenham
Developer HBD X Factory has submitted plans for Cheltenham’s Golden Valley development, a £1bn project to create more than 1m sq ft of commercial science and technology space.
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NewsELM set to acquire 1,400 later living units across 30 local authority areas
ELM Group, which owns and manages retirement communities in the South of England, announced it is buying 1,368 later living units from housing developer Orbit across 30 local authority areas.
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NewsCentrick bucks gender pay gap trends as private sector reporting progress remains ‘stagnant’
Residential property investment expert Centrick has bucked the national trend with a gender pay gap of 0.7%, compared with the UK’s median of 9.4%, according to its latest gender pay gap report.
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NewsGym operator to make UK debut in West Midlands shopping centre
Fitness operator XTRAFIT is set to make its UK debut with a 40,000 sq ft gym in a former Debenhams in the Merry Hill shopping centre in Brierly Hill, West Midlands.
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NewsProperty organisations urge government to tackle gender bias in NPPF revisions
A group of 18 property organisations have jointly written to housing secretary Michael Gove to emphasise the need for the National Planning Policy Framework (NPPF) to address the lack of consideration for women in public spaces.
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NewsCrest Nicholson chief exec predicts housebuilding will fall short under Labour proposals
Peter Truscott, chief executive of housebuilder Crest Nicholson, has said Labour leader Sir Keir Starmer’s pledge to deliver 1.5 million new homes if elected lacks clarity and guidance, and warned it could take several years to deliver.
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NewsNido to partner with Primus and HIG to deliver 800 PBSA beds in Leeds and Lancaster
Nido, the European operator and developer of purpose-built student accommodation (PBSA), is to partner the joint venture between Primus Property Group and HIG Realty Partners on the design and operation of 790 beds across two schemes in Leeds and Lancaster.
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NewsGenerator Group completes €750m global refinancing
Upmarket hostel operator Generator Group, owned by Queensgate Investments, has completed a circa €750m (£650m) global refinancing with Ares Management, Värde Partners and Waterfall Asset Management.
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NewsM&S to open record number of stores this month in £80m investment
M&S is set to open a record nine stores this month in an £80m investment in bricks-and-mortar retail.
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NewsHome REIT sells 14 properties for half the price it paid for them
Home REIT has sold 14 properties for £9m in a public auction at a value representing an average of 51% of their purchase price, with further property disposals expected at two auctions this week.
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NewsInvestec provides £12m loan to fund Stelling Properties’ PBSA development
Investec Real Estate has provided modular development specialist Stelling Properties Group with an £11.85m loan to finance a purpose-built student accommodation (PBSA) scheme in Southampton.
