All News articles – Page 2
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NewsCBRE appoints Auger as head of hotels in UK
Global real estate adviser CBRE has appointed Miles Auger as head of hotels to drive performance and execute its UK strategy across its business lines including valuations, advisory, and capital markets.
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Rangeford Villages acquires Surrey retirement community site
Rangeford Villages has exchanged contracts on a five-acre site in Dorking, Surrey, where it plans to develop 153 apartments for a retirement living community.
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Office market set to see drop in sales values for Q2
The office market is forecast to see the greatest fall in sales values over the next quarter compared to industrial, retail and leisure, with prices per square foot predicted to fall by 2.7%, according to Robert Irving Burns (RIB).
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Former Deliveroo growth expert Scott joins modular housebuilder ilke Homes
David Scott, who formerly held senior roles at Deliveroo and Tesco, has been appointed as chief operating officer at modular housebuilder ilke Homes in a bid to boost its expansion.
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‘Halo effect’ reversal creating city-centre BTR opportunities
Monitoring range of activity key to identifying hotspots of the future, says API Global CEO Michael Leighton.
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Angle Property swallows Domino’s Pizza base
Takeaway giant Domino’s Pizza has sold a 35,000 sq ft vacant warehouse in Milton Keynes to investor Angle Property, which is a third-owned by property giant Fiera Real Estate, for an undisclosed amount.
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Westbrooke and Eastwood JV embarks on £100m acquisition spree
Property investors Westbrooke Alternative Asset Management UK and Eastwood Investment Group have launched a joint venture (JV) with plans to spend between £50m and £100m developing private home sites, build-to-rent (BTR) schemes and purpose-built student accommodation (PBSA).
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Esports venue Level Tap joins Liverpool One
Liverpool ONE, the city-centre destination being developed by Grosvenor and its partners, will become home to the first Level Tap interactive games venue next month.
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RVG launches Thrive Living brand with plans for 5,000 homes
Retirement Villages Group (RVG) has unveiled a new brand for its future retirement communities portfolio, Thrive Living, with plans to develop 5,000 homes by 2032.
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Deliveroo on the menu for SEGRO’s Acton Park
Developer SEGRO has signed up Deliveroo’s rapid grocery delivery service Deliveroo Hop for a new 2,980 sq ft shed on a seven-year lease at its Acton Park Industrial Estate in north-west London.
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PIC agrees £268m blockbuster deal for Croydon Home Office hub
Pension Insurance Corporation (PIC) has agreed the £267.6m acquisition of 2 Ruskin Square, a new 344,940 sq ft office hub pre-let to the Home Office, from Schroders Capital UK Real Estate Fund.
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Real Estate Balance’s Liz Peace on restoring the property industry’s reputation
In a month’s time, I shall be enjoying the singular privilege of delivering the Chapman Barrigan Lecture in memory of two remarkable women in the property industry: Honor Chapman, who died in 2009 after a successful career at JLL; and Trish Barrigan, who was a leading light in the fund ...
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Life Science REIT set to benefit from record high take-up in the Golden Triangle
Life Science REIT said it would benefit heavily from its assets in the UK’s Golden Triangle, where take-up from life science firms hit a five-year high of 1.4m sq ft last year, as it reported robust full-year results for 2022.
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Directors quit Vistry after row over bumper bonus deal for CEO
Two non-executive directors at major housebuilder Vistry have quit the company following a row over a potential huge new pay deal for the firm’s chief executive.
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Interest rate rise hits Allsop’s March auction
Allsop’s sales success dipped at its 23 March auction compared to the previous month, as the firm said investors were affected by the recent Bank of England interest rate rise.
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Clive Emson tops £16m mark at latest sale
Clive Emson raised a total of over £16m at its latest online sale on 22 March, the star lot being a block of eight flats in Margate that sold for £850,000.
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Target Healthcare rebases dividend as interest rates increase
Target Healthcare is rebasing its target dividend to a “sustainable level” to reflect the higher interest rate environment, according to its half-year results for the six months to the end of 2022.
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Developer launches main phase of military hospital to resi village conversion
Haslar Developments has launched the second and main phase of the transformation of Grade II-listed Royal Haslar Naval Hospital into a 62-acre £200m GDV waterside village in Hampshire.
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Aviva Investors snaps up retail park and Asda superstore in southern England
Aviva Investors has snapped up two retail assets in the south of England, acquiring a retail park and Asda superstore in separate transactions.
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Wilton Development acquires Stockton site for major industrial scheme
Wilton Developments is set to deliver a major 600,000 sq ft industrial scheme in Stockton-On-Tees after snapping up the 33-acre Dynamo Park.
