Ferrovial sells stake in Heathrow airport owner for over £2bn
Airport developer and operator Ferrovial has sold its 25% stake in Heathrow airport parent company FGP TopCo for £2.37bn.
Boots sale back in play as owner offloads £4.8bn of pension obligations to Legal & General
Boots owner Walgreen Boots Alliance has struck a deal to transfer £4.8bn of pension obligations to Legal & General in a move a leading retail expert said reflected “a major boost” for its plans to sell the high-street chemist chain.
Tritax Big Box REIT sells six assets for £327m
A disposals update from Tritax Big Box REIT has revealed that it has sold six assets so far in its 2023 financial year for £327m, at a blended 4.34% net initial yield.
Savills expands global retail offer with Nash Bond acquisition
Savills UK has acquired Nash Bond, a retail agency and lease consultancy business based in central London, to expand its global retail offer to clients.
Leading investor group backs CoStar’s £99m OnTheMarket takeover
Influential shareholder group Glass Lewis has backed CoStar’s £99m takeover of property portal OnTheMarket, which also won the backing of fellow proxy group ISS last week.
Imap Properties seeks to offload Nottingham PBSA scheme for £10m
Imap Properties has appointed Savills to market 103-bed purpose-built student accommodation (PBSA) scheme in Nottingham up for sale, seeking offers in excess of £9.8m.
EY reviewing future in London headquarters
Ernst and Young (EY) has launched a property review of its London headquarters ahead of the end of its lease at the More London offices near London Bridge.
LXi closes in on £210m deal to sell 66 Travelodge hotels
LXi REIT is close to selling more than half of its portfolio of Travelodge hotels for £210m.
Landwood Group directors complete MBO
Five directors of Landwood Group have completed a management buyout to become the sole owners of the Manchester-headquartered property firm and are now planning to double the size of the business, PropertyWeek can reveal.
Landmark Space broadcasts deal for BBC’s Wogan House
Flexible workspace group Landmark Space has agreed a deal for Wogan House in Fitzrovia, home to the BBC Radio 2 and 6 teams.
Regal London secures flex office provider for speculative Watford offices
Siruis raises £146m to fund UK and German deals
Mills & Reeve swaps Colmore Row office for Paradise Birmingham
Halfords snubs £1.4bn Redde Northgate merger offer
Brookfield shelves plans to sell Center Parcs
Lloyd’s of London on brink of long-term deal to remain at City HQ
Torsion Group forms joint venture to deliver £90m Leeds BTR scheme
Confectionery giant Mars agrees £534m takeover of Hotel Chocolat
Selfridges taken over by Thai co-owner Central Group
Oryx acquires £25m Milton Keynes logistics site
Eat Work Art takes over ex-WeWork building to launch Hackney workspace for creatives
Aroundtown sells Hyde Park Hilton for possible resi conversion
Government puts £1.1bn Covid ‘Megalab’ on sale at less than build cost to taxpayer
IKEA owner buys Brighton shopping centre for around £150m
Downing LLP invests £27m into residential care businesses
HUB and Bridges plan resi conversion for £39m Aldgate office purchase
Galliard and City Developments JV buys massive Morden Wharf site
Mace launches £56m PBSA asset in Oxford to the market
M Core acquires multi-retail centre portfolio for £35m
Revolut in talks to move headquarters to iconic Canary Wharf YY building
Signa’s financial woes could trigger Selfridge sale
Glenstone REIT absorbs Clifford Property in £13.5m deal
Vistry pre-sells 3,000 homes in £819m partnerships deal with Sage and Leaf
IPIM and Maven acquire £30m Dundee PBSA development
Avant Homes sells 300-home portfolio for PRS use to Sigma for £60m
ELM set to acquire 1,400 later living units across 30 local authority areas