All Online articles – Page 4
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OnlineProperty sector’s net zero 2050 target ‘will be missed’
Nine in 10 senior property industry leaders think current government policy will fail to deliver a net zero property sector by 2050, with key figures warning that the industry will “continue to fall short of targets” unless pledges are turned into action.
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Canvas to convert Oxford Street retail unit into five-storey flexible workspace
Canvas Offices has unveiled plans to create a five-storey flexible office space on Oxford Street after signing a 25-year lease for a building currently used for retail and storage, Property Week can reveal.
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Fora to launch flexible workspace at London’s Bankside
Flexible office provider Fora is to launch a 43,300 sq ft workspace at London’s Bankside after entering into a management agreement with Oxford Properties.
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Earls Court regeneration relaunched with revamped masterplan
The developer behind the Earls Court regeneration scheme in west London has unveiled a new masterplan for the 40-acre site that includes the creation of 4,500 homes and a city park.
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Rival urges call-in for MSG’s Stratford Sphere as Gove considers scheme
Rival arena operator AEG Europe has urged Michael Gove to call in the controversial plans for the MSG Sphere in Stratford, east London, after it emerged that the housing secretary has pressed pause on the planning application to consider the proposals for the entertainment venue.
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NAV and profit falls at PHP
Net asset value (NAV) at Primary Health Properties (PHP) fell 3.5% in the 12 months to the end of December as yields moved out during the year.
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Aldi targeting empty London office blocks under new store expansion
Aldi plans to nearly double its 60-store-strong London portfolio as part of a UK expansion drive that will see it target empty office blocks and new housing locations.
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Aitch Group secures £24.4m refinancing deal with Sirius
Boutique London property developer Aitch Group has completed a £24.4m refinancing deal for its Childers Street scheme in Deptford, south-east London, with Sirius Property Finance.
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Springfield profit dips despite sharp rise in revenue
Profit at Springfield Properties dipped 5% in the first half of its financial year, despite a sharp rise in revenue.
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Investors favour ESG despite macroeconomic headwinds, survey finds
Some 88% of UK respondents to the latest Investors Intentions Survey by CBRE have affirmed that ESG criteria will continue to be adopted in all investment decisions this year.
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PwC’s audits of Intu Properties under investigation by FRC
The Financial Reporting Council (FRC) has launched an investigation into audits conducted by PwC of collapsed shopping centre owner Intu Properties.
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LSL chairman steps down
Bill Shannon is set to step down as non-executive chairman of LSL Property Services at the estate agent group’s next AGM in May.
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CapReg makes non-exec board appointment
Capital & Regional has appointed Panico Theocharides to the group’s board as a non-executive director.
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Purplebricks considers sale after issuing profit warning
Purplebricks is considering selling the beleaguered online estate agent to ‘better realise the potential of the group.’
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Redevco and SFP enter UK BTR sector
Redevco and SFP Group have formed a joint venture agreement to invest in the UK Build to Rent (BTR) real estate market over the next two years.
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Civitas agrees £71m lending deal
Civitas Social Housing has secured a new five-year term debt facility of £70.875m with a European bank.
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Home REIT receives offer to buy group as it reveals ‘serious deterioration’ in rent collections
Troubled social housing group Home REIT has told investors that it may put the company up for sale following a report into its portfolio showed a “serious deterioration in rent collections”.
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Under Armour openings continue athleisure outlets growth
Sportswear retailer Under Armour is to launch three more brand-owned stores across the UK in the latest move by athleisure brands to open physical outlets.
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Telford Homes agrees £300m funding deal for three BTR schemes in London
Telford Homes and joint venture partners Ridgeback Group and Angelo Gordon have agreed a £300m forward-funding deal to deliver three built-to-rent (BTR) developments across London.
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Regional REIT tenants return to their offices
Regional REIT has told investors that almost all its tenants have returned to their offices over the last year following the recovery from the Covid-19 pandemic.
