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NewsSupermarket Income REIT sweeps up four stores for £76m
Grocery property investor Supermarket Income REIT (SUPR) has acquired four supermarkets for a combined £76.4m, reflecting a combined net initial yield of 5.1%.
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Birmingham City Council spends £26m on business quarter site
Real estate investor UK Commercial Property REIT (UKCM) has sold 71,807 sq ft of office and retail space in the city’s central business district to Birmingham City Council for £26.4m
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Navees Rahman named as Planning Inspectorate interim CEO
The Planning Inspectorate has confirmed Navees Rahman will take up the role of interim chief executive from current CEO Sarah Richards when she stands down in the autumn.
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Stafford 900-home masterplan launched
Stafford’s position on the HS2 rail route is at the heart of a masterplan launched by the town to deliver 900 homes as part of a mixed-use community.
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Hybrid working ‘critical’ to future of real estate companies
Hybrid and remote working are here to stay after three-quarters of commercial real estate leaders told JLL’s Future of Work survey that they are critical to attracting and retaining staff moving into the future.
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PBSA providers must work more closely with universities, says TPMS
Greater collaboration between purpose-built student accommodation (PBSA) providers, universities and councils to create happier students and communities is needed, says The Property Marketing Strategists (TPMS).
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Building costs and regulations dent Churchill Retirement profits
Retirement housebuilder Churchill Retirement Living revealed a 9.8% drop in operating profit to £38.8m for the last financial year compared with 2021, driven by building costs and regulations.
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ASK Partners passes £1bn lending milestone
Real estate funding specialist ASK Partners’ completed loans passed the £1bn mark following a recent £44.5m co-loan with OakNorth Bank secured against Richmond’s former House of Fraser store.
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Battersea Power Station to welcome further range of brands
More than 20 brands are set to open stores at Battersea Power Station and the surrounding area, including Abercrombie & Fitch, IWC and M&S Food Hall.
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Orega to create 20,000 sq ft of flexible workspace in Manchester
Flexible workspace provider Orega is to create 20,000 sq ft of flexible workspace at The Tootal Buildings in Manchester.
