The London-listed property development group said that it had sold its 180,000 sq ft House of Fraser department store in Guildford, Surrey, to Canada Life for £31.5m. The store is let to House of Fraser at an annual rent of £2.6m on a lease that is due to expire in 2039.
Surrey is on course to see an almost 10% rise in the number of over-60s residents over the next four years, according to research by proptech firm LandTech.
Vita Group has revealed plans for a PBSA-led development creating 967 student rooms at Nottingham’s Guildhall regeneration site.
Palace Capital’s executive property director Richard Starr is to step down from the property investment company’s board.
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