Latest Residential & Development News
Housebuilder Bellway has revealed half-year pre-tax profit leapt 16.6% and that it is on track to deliver record sales for the full year, thanks to the government’s HTB scheme.
Regeneration specialist Urban & Civic has received planning permission for a 700,000 sq ft extension of its St Neots scheme that will also add a further 2,800 homes to the development just outside Cambridge.
A private Russian buyer has acquired the City Edge student accommodation block in Birmingham from a subsidiary of Shaylor Holdings for £10.6m.
Crosslane Student Developments has unveiled plans to deliver a 384-bed purpose-built student accommodation development at Howard Gardens in Cardiff.
Berkeley Homes has positioned itself directly against prime minister Theresa May, by refusing to increase the number of homes it builds despite government threats to housebuilders to either build homes on their land or face planning blocks.
New data has suggested that London is behind on its target to provide 90,000 affordable homes starts by 2021, having achieved 6,725 affordable home starts in the past 11 months.
Annington has completed on the acquisition of 207 PRS homes in Uxbridge from St Modwen for £75m.
Housing association aims to become major player by building a 3,000-unit portfolio in high-growth areas.
The Student Hotel, a Dutch-based co-living and co-working provider, has its sights set on the UK as part of its €1.8bn (£1.6bn) international growth strategy.
The Ministry of Defence has appointed Lambert Smith Hampton on a two year online auction contract with a mandate to support its 30% estate reduction commitments.
One of the teams from Property Week’s RESI Hackathon is developing an app that aims to revolutionise the way build-to-rent and student accommodation landlords communicate with tenants.
Sir Oliver Letwin has published his interim thoughts from his landbanking review, claiming that the “fundamental driver” behind slow build-out rates “appears to be the absorption rate”.
In the build-up to last week’s Spring Statement, many predicted a ‘boring budget’ and Philip Hammond didn’t disappoint in this regard.
Last week’s results from Britain’s largest estate agent, Countrywide, showed a 22.5% fall in core annual earnings and led to it scrapping its dividend, sending its shares to record lows.
At a former coffee factory in west London, SEGRO and Barratt are about to combine housing and industrial space in what could be the first of many large-scale ‘sheds and beds’ schemes.