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NewsDirector of construction services companies banned for 11 years over loan claims
A Rotherham-based director of four companies that provided services to construction projects has been banned from acting for 11 years after overstating turnover to secure Covid-19 financial support.
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H1 demand for central London development sites up 143%, says Savills
Demand for development sites in central London led to a 143% spike in commercial and mixed-use land transactions in the first half of the year compared with the same period in 2021, Savills has said.
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Aitch Group in £100m South East buying spree
Commercial and residential developer Aitch Group is to spend £100m on acquiring property for the student accommodation, build-to-rent (BTR) and retirement living sectors in London and the South East by the end of the year.
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Manhattan Loft Corporation gets £80m refinancing for Stratford resi tower
Real estate investment manager Tristan Capital Partners has completed an £80m refinancing loan to Manhattan Loft Corporation for its development of a 42-storey residential tower in Stratford, east London.
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Moda scheme becomes tallest residential tower in Birmingham
Moda’s new 481-apartment scheme The Merican has been completed, becoming Birmingham’s tallest residential tower.
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Supermarket 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.
