All News articles – Page 9
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News
Moorfield Group partners with Melberry for £42m Lincoln PBSA scheme
UK real estate fund manager Moorfield Group has entered into its second development agreement with Melberry Developments, on behalf of Moorfield Real Estate Fund V, for a £42m student accommodation scheme. It is Moorfield’s second project in its ‘Zennor’ partnership with Funding House
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Revised masterplan for 4,000-home Earls Court regeneration unveiled
The Earls Court Development Company (ECDC) has set out an updated masterplan for the ambitious redevelopment of the 40-acre former Exhibition Centre site, with a reduction in tall buildings and an increase in open, green space.
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Flexi-office provider Spacemade to add Marylebone location to portfolio
Flexible workplace provider Spacemade is adding 5,000 sq ft of flexible office space in Marylebone, London to its portfolio, after signing an agreement with the Howard de Walden Estate.
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Major London office development goes into receivership
A major London office development that included plans for an innovative 1.4-acre urban rooftop and 430,000 sq ft of office space has been placed under receivership after defaulting on a loan provided by the billionaire Reuben Brothers.
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Eat Work Art takes over ex-WeWork building to launch Hackney workspace for creatives
Creative workspace provider Eat Work Art has been awarded the leasehold of a former WeWork building in Hackney, east London, where it will open its latest location for the creative industries.
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Tunbridge Wells site approval kickstarts Compound’s £200m self-storage portfolio plans
Tunbridge Wells Borough Council has given the green light for Compound to redevelop a former Kent oil depot into a 91,000 sq ft self-storage and workspace hub, as part of the developer’s plans to build a £200m self-storage portfolio.
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Not enough London borough plans prioritise BTR, Lichfields report says
Inconsistent application of planning policy for London build-to-rent (BTR) schemes needs to be addressed to enable the sector to maximise its potential and help meet the need for new homes, according to planning and development consultancy Lichfields’ latest report
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Acuitus raises £27m at November auction
Acuitus’s latest commercial property auction, which included a range of buildings from across the UK, raised £27m, with a success rate of 84%.
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Paramount sues London Resort over £2.5bn theme park plans
London Resort Company Holdings’ (LRCH), which had planned to bring a multi-billion-pound theme park to Kent, is reportedly being sued by entertainment giant and former partner Paramount over allegations that LRCH’s restructuring earlier this year, after it called in administrators, was unfair.
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KE Hotels lands Holiday Inn London-Luton
A private consortium of investors has sold the 124-room Holiday Inn London-Luton Airport Hotel for an undisclosed sum to KE Hotels, which was funded by Metro Bank.
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The number of buy-to-let landlords drops by 40,000 this year, according to Hamptons
The number of buy-to-let landlords in Britain has fallen by nearly 40,000 so far this year compared with the same period last year, according to residential agent Hamptons.
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Jackson becomes Hopkins Homes’ managing director
Privately-owned housebuilder Hopkins Homes has appointed Duncan Jackson as managing director.
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Landsec looks to prime retail for new opportunities as it reports £193m loss
Landsec is “looking for opportunities to deploy further capital” with a particular focus on prime retail, chief executive Mark Allan said today after the firm posted a £193m loss for the half year ended 30 September.
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Open-ended property fund TIME Freehold temporarily suspends dealing
Time Freehold, an open-ended, daily dealt fund that invests mainly in residential freehold properties, has temporarily suspended dealing over concerns that the government could cap residential ground rents at a low level.
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Lee Rowley returns as housing minister
Lee Rowley has been reappointed housing minister following the firing of Rachel Maclean.
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Industry expresses frustration over sacking of housing minister Rachel Maclean
Housing industry representatives have expressed disappointment and frustration following prime minister Rishi Sunak’s decision to sack housing minister Rachel Maclean earlier today.
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‘The revolving door’ continues as Rachel Maclean sacked as housing minister
Rachel Maclean has been sacked as housing minister after nine months in the role, as part of prime minister Rishi Sunak’s cabinet reshuffle.
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Dar Global expands into Saudi Arabia
London-listed luxury international real estate developer Dar Global has announced plans to expand into Saudi Arabia, where it said the tourism sector created “compelling opportunities” to develop hospitality assets.
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BNP Paribas appoints Fullard in Birmingham office team
BNP Paribas Real Estate has appointed Charlotte Fullard as senior associate director in its Birmingham office agency team.
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PIC partners with London Square Group for £50m affordable homes investment
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has launched its first affordable housing investment, of £50m, to back London Square Group and Square Roots’s development of 125 affordable and shared ownership homes in Kingston upon Thames, west London.