All Online articles – Page 16
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OnlineBWP REIT raises £35m from IPSX debut
BWP REIT has raised £35m and made its debut on the International Property Securities Exchange (IPSX), the regulated exchange for single-asset real estate companies.
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NAV at GPE falls 4.9% over six months
Great Portland Estates’ London-based portfolio has been hit by a 4.9% fall in net asset value (NAV) during the six months to the end of September.
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Unhelpful history lessons
As is widely recognised, history repeats itself. Unhelpfully, it does so in a jumbled kaleidoscope of random repetition that makes it hard to apply the lessons learned.
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Kadans and Canary Wharf Group to develop London life sciences centre
Kadans Science Partner and Canary Wharf Group (CWG) are converting 38,000 sq ft of workspace at its 20 Water Street site into flexible, fully serviced wet-labs as part of a new Canary Wharf life sciences cluster.
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Westminster Property Association and Westminster City Council launch Sustainable City Charter
Westminster Property Association and Westminster City Council have launched London’s first Sustainable City Charter.
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A rollercoaster year for the UK student housing market
At the start of 2022, the Bank of England base rate was 0.25%, inflation stood at just 5.5% and Matt Hancock was merely a former health secretary in the wilderness of the back benches.
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CoStar launches LoopNet in the UK as global interest in the market rises
US real estate marketplace CoStar Group has launched LoopNet, its commercial property marketplace, in the UK market.
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NAV dips during first half at Schroder REIT
Net asset value (NAV) at Schroder Real Estate Investment Trust dipped during the first half of its financial year to the end of September to £366m, or 74.8p per share, compared to £372.2m, or 75.8p per share, six months earlier.
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British Land secures debut letting at City scheme
British Land has secured its first letting at City of London scheme Norton Folgate to international law firm Reed Smith.
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Asset values at British Land fall as group swings to half-year loss
British Land has been hit by a 4.4% fall in the value of its net tangible assets (NTA) during the first six months of its financial year as property values fell.
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NAV dips at Landsec as yield shift forces swing to loss
Net asset value at Landsec dipped during the first half of the group’s financial year, despite a rise in earnings.
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Profit leaps at Workspace
Workspace Group has posted a 33.5% leap in profit for the first half of its financial year as pricing improved across its flexible office locations.
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Accelerating digital transformation in commercial real estate
At many points in history, extraordinary events shaped and reset the way we interact with physical space and the outside world. Recent events not only forced businesses to rapidly adapt in real-time, but it also reset how consumers expected the physical places they visit to operate.
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UBS and Reef complete Stevenage land deal for 2.5m sq ft lab scheme
UBS Asset Management and Reef Group have completed the purchase of development land that sits alongside GSK’s 1m sq ft research and development scheme in Stevenage.
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Vistry and Countryside complete merger
Vistry Group and Countryside Properties have completed their £1.25bn merger following approval from shareholders on Friday.
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Millington joins Wykeland as non-exec chairman
Paul Millington has become the new non-executive chairman of Yorkshire commercial developer Wykeland Group.
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Montagu Evans expands rating advisory team with senior Scottish appointment
Planning and development consultancy Montagu Evans has appointed Tom Fothergill as a partner in its Glasgow office’s rating advisory team.
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Helical and Ashby Capital complete first letting at JJ Mack Building
Helical and Ashby Capital have completed their first letting at The JJ Mack Building in the City of London.
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King’s Cross’s Tribeca signs first occupier
The London BioScience Innovation Centre (LBIC) is set to become the first occupier at King’s Cross’s Tribeca development.
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Hines expands East Midlands logistics development JV with Clowes
Global real estate investor Hines has expanded its joint venture with UK property group Clowes to develop 1.15m sq ft of logistics space across the East Midlands in England.
