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NewsSeven developers sign Scotland’s cladding pledge
Barratt Developments has become the first of seven major housebuilders in the UK to commit to the Scottish government’s pledge to fix unsafe cladding in buildings of 11m and above.
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Major planning applications must consult Active Travel England
Developers submitting planning applications for schemes exceeding either 150 homes,12 acres of land or 18,700 sq ft must now first consult a government executive agency about non-vehicular connectivity to schools and other amenities before getting approval.
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True North planning 1,500 co-living units for middle-income Londoners
True North, a real estate investment and management company, said it is aiming to deliver 1,500 co-living units as it sees significant demand for high-quality, well-managed rental assets for middle-income Londoners.
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RICS continues to fight ‘unnecessary’ government investigation
The Royal Institution of Chartered Surveyors (RICS) has repeated its calls to maintain the institution’s independence from political interests after a clause in the Levelling Up Bill that would allow government intervention into RICS was branded “unnecessary” by peers in the House of Lords.
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Manchester greenlights pair of PBSA schemes
Manchester’s student accommodation supply is to get a boost after the city council gave the green light to two major developments yesterday (1 June).
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Kensington and Chelsea council ‘buck current trends’ with major real estate investment
Kensington and Chelsea council’s pension fund is investing £1.6bn in commercial property with circa £150m spent to date, including the purchases of a Morrisons supermarket in Hampshire, an Audi car showroom in Milton Keynes, and a Travelodge hotel in York.
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abrdn to support Border to Coast’s UK real estate pension fund
Abrdn has been appointed to support the launch and portfolio management of Border to Coast Pensions Partnership’s UK Real Estate proposition, due to launch in late 2024.
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Dalata Hotel Group purchases Apex Hotel London Wall for £53.4m
Dalata Hotel Group has acquired the Apex Hotel London Wall for £53.4m from Apex Hotels, subject to standard contractual conditions and approvals.
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TR Property Investment Trust posts dividend growth amid market challenges
FTSE 250 contingent TR Property Investment Trust, part of Columbia Threadneedle, has posted a final dividend of 9.85p, taking the full-year dividend to 15.50p, an increase of 6.9% on 2021/22, despite a fall in net asset value total return.
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Hanover Square: June 2023
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