All Online articles – Page 18
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OnlineThe time has come to turn to timber
Industrial and logistics developers have made impressive progress on sustainability in recent years. Where once they were only too happy to throw up poorly insulated structures at breakneck speed, now careful consideration is given to a building’s energy efficiency and overall environmental performance.
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OnlineFoxtons hit by slow house sales, but rental market provides 5% revenue boost
Foxtons has been hit by a 18% fall in sales due to the tough housing market in the nine months to the end of September, but said a strong rental market had mitigated the decline.
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OnlineFidelity buys WeWork office block in London
Fidelity International has acquired 99 Queen Victoria Street in the City of London from troubled serviced office group WeWork.
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OnlineZ Hotels secures lending for new London property
Z Hotels has secured a £23m loan from OakNorth and ASK Partners for the acquisition and refurbishment of a mixed-use building on Charing Cross Road in central London.
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OnlineGoodstone Living closes £550m-plus BTR fund
Goodstone Living has closed its first UK build-to-rent (BTR) residential fund with more than £550m of investment capital.
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OnlineCreating a greener, fairer urban future
More than 55% of the world’s population lives in urban areas, a figure that the United Nations Human Settlements Programme predicts will reach more than 68% by 2050. At the same time, urban areas contribute to over 70% of global GDP around the world.
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OnlineBritish Land appoints former Kennedy Wilson president to board
British Land has appointed industry veteran and former Kennedy Wilson president Mary Ricks as a non-executive director.
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OnlineRental income grows at PHP as it completes Johannesburg listing
Primary Health Properties (PHP) added £3.3m to its rent roll in the nine months to the end of September, improving on last year’s growth in income.
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OnlineMontagu Evans appoints Avison Young’s Rachel Crick as planning partner
Planning and development consultancy Montagu Evans has strengthened its planning team in London with the appointment of Rachel Crick as partner.
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OnlineICG Real Estate acquires £125m London digital infrastructure portfolio
ICG Real Estate has acquired a £125m portfolio of central London digital infrastructure assets let to Vodafone UK.
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OnlineSchroder European REIT appoints Beddy to board
Schroder European Real Estate Investment Trust has appointed Mark Beddy as an independent non-executive director of the company.
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OnlineNewcore targets £375m equity raise for core-plus fund
Newcore Capital, the real estate investment manager that specialises in social infrastructure assets, is aiming to raise up to £375m for a new core-plus strategy via a fund to be launched by the end of this year.
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OnlineIlke Homes formally enters liquidation
Modular housebuilder Ilke Homes has formally entered liquidation with debts of more than £319m set to go unpaid.
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OnlineVistry to take £40m hit to profit as it closes private home sales unit
Housebuilding giant Vistry has told investors that it expects a £40m hit to its profits after it shut its private housebuilding arm down to focus solely on affordable housing partnerships.
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OnlineNAV nudges up at Impact Healthcare
Impact Healthcare has posted a 1.3% rise in net asset value (NAV) during the three months to the end of September.
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OnlineOnTheMarket founder slams £99m takeover deal
The founder of OnTheMarket said he will vote against the £99m offer from information group Costar for the estate agency-backed property portal.
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OnlineCBRE’s Telford Homes continues to make a loss
Built-to-rent (BTR) group Telford Homes has reported a £193m loss for the year to the end of December 2022 due to a range of exceptional costs including potential remedial building safety work.
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OnlineRICS publishes new ‘evolution’ of UK valuation rules
The Royal Institution of Chartered Surveyors (RICS) has introduced new mandatory rotation rules for valuations after publishing an updated UK segment of its ‘Red Book’ master document for the profession globally.
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OnlineIndustry calls for ‘greater strategic planning’ for freight and logistics
Freight and logistics experts are urging the government to implement greater strategic planning for the sector so that it can meet the growing need for efficient deliveries on a local and national level.
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OnlineLa Française buys Victoria office scheme from Grosvenor in £55m deal
La Française Real Estate Managers has struck a £55m deal to acquire an HQ building in Belgravia, London, from Grosvenor.
