All News articles – Page 16
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NewsFine Grain buys 220,000 sq ft site at Dublin’s Citywest campus
Irish real estate investor Fine Grain Property has acquired the 219,281 sq ft Waterside development at Citywest Business Campus outside Dublin from IPUT Real Estate and Davy Waterside Investment Fund ICAV for an undisclosed amount.
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Savills hires JLL directors for industrial & logistics team
Savills has appointed Tom Shaw and Michael Alderton as directors in its industrial and logistics occupier advisory team.
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ADC Therapeutics doubles space at Imperial College’s I-HUB
Oncology-focused biotech firm ADC Therapeutics has doubled its footprint at Imperial College London’s I-HUB campus in White City to 24,000 sq ft.
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Office leasing up 4% in ‘big six’ regions, says Cushman & Wakefield
Office lettings rose 4% year on year across the ’big six’ regional markets in 2022, according to Cushman & Wakefield, with 1.29m sq ft let across Birmingham, Bristol, Edinburgh, Glasgow, Leeds and Manchester in Q4 - 17% above the 10-year average.
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TfL partners with Helical to deliver new office spaces
Transport for London’s (TfL’s) property company, TTL Properties, has selected Helical as its investment partner for commercial office developments across central London.
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NAV falls at SEGRO
Warehouse and industrial property developer SEGRO has reported an adjusted net asset value (NAV) per share decrease of 15% to 966 pence in its FY22 results.
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Property Week Digital Edition – 17 February 2023
Avison Young UK executive chair Jo Davis on how the firm plans to build on its strengths and move into new areas under its transformation strategy – With sustainability high on the agenda, developers are seeing the social and financial value of converting heritage buildings into unique workspaces
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Mountpark submits planning application for Ferrybridge site
Mountpark Logistics has submitted a detailed planning application to Wakefield Council to regenerate the former coal yard site at Ferrybridge Power Station into an industrial and logistics scheme.
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Trilogy and Peterson gain approval to redevelop Great Northern site in Manchester
Trilogy Real Estate (Trilogy) and Peterson Group have received approval for the redevelopment of the Great Northern site in Manchester.
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Demand in London letting market remains at record high despite January dip
Letting demand in London dipped by 4% last month in comparison to the same period last year, according to Foxtons Lettings Market Index for January 2023.
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London retailers could be set for £96m business rate boost
Retailers on London’s busiest shopping streets could see a £96m boost due to a significant decrease in their business rates liability, according to new analysis from Knight Frank.
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Dalata Hotel Group purchases Maldron Hotel for £44.3m
Dalata Hotel Group, a hotel operator in Ireland with a growing presence in the UK and continental Europe, has announced the acquisition of its first Maldron hotel in London for £44.3m.
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MJ Gleeson’s profits slump amid market slowdown
Housebuilder MJ Gleeson has reported a 1.4% fall in revenue to £171m for the half-year to 31 December 2022, after the economic slowdown hit housing sales.
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Daggers drawn over MoD homes
A High Court case brought by Guy Hands’ Annington Homes over the government’s bid to reclaim an £8bn portfolio of military residential properties is being watched closely by property lawyers, who say the outcome could have further implications for the Leasehold Reform Act (LRA) 1967.
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Build-to-rent one of the most in-demand property sectors
Savills survey reveals demand for rental homes is driving investment in BTR, which reached £4.3bn last year
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Equities analyst and consultant, Alastair Stewart, on property affordability in the north of England
Swept up by the hype, I’ve just binge-watched my first-ever run of British TV crime drama Happy Valley. All good Bafta-worthy stuff. But is it really that unrelentingly grim up north?
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Savills raises £45m from best February auction in five years
Auction house puts 139 residential and commercial lots under the hammer, achieving 70% success rate
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European commercial real estate investment slumps in Q4
Commercial property investment volumes across Europe, including the UK, fell 66% to €53.9bn (£47.7bn) in Q4 2022 from a year earlier, with falls for all the major real estate sectors, MSCI’s European Capital Trends report shows. Total 2022 investment activity in Europe fell 25% to €291.5bn (£258bn).
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UK construction output value reaches record £204bn in 2022
Total UK construction output value reached £204bn in 2022, marking the first-time annual construction value has surpassed £200bn, according to the latest data from the Office for National Statistics (ONS), although separate research has shown these figures have been inflated by cost increases.
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Chiswick office space to hit market for £7.5m in BidX1’s next auction
The Garment Building in Chiswick, west London, will go under the hammer with a guide price of £7.5m to £8m at BidX1’s west London office investment auction on 1 March.
