Property

Tristan secures site for tallest office tower in Birmingham

Property Week News Feed - 4 hours 51 min ago
Company’s EPISO 4 fund acquires city centre site at 103 Colmore Row for 26-storey office development
Categories: Property

Resi developer bags former Matalan in Stevenage

Property Week News Feed - 4 hours 51 min ago
A former Matalan store in Stevenage has been snapped up by a housing developer for a 500-home scheme.
Categories: Property

Battersea Power Station appoints head of brand

Property Week News Feed - 4 hours 51 min ago
Battersea Power Station Development Company has appointed Carlin Fier as the project’s head of brand.
Categories: Property

RICS Commercial Survey highlights Brexit's market impact

Property Week News Feed - 4 hours 51 min ago
Brexit continued to handicap the UK commercial property market in the first quarter of this year, with overseas investment demand in decline and more businesses expecting to see firms relocating because of it.
Categories: Property

2020 Toyota Sienna Nightshade is a minivan in a tuxedo

The Car Connection News Feed - Wed, 04/24/2019 - 18:35
The 2020 Toyota Sienna SE Nightshade is all dressed up for a night out on the town... with the kids. The special-edition minivan will reportedly start production this month, according CarsDirect reported Tuesday, and it adds typical splashes of black as we've seen from other Toyota Nightshade editions. Toyota has previously offered 4Runner, Camry...
Categories: Property

Edinburgh St James makes four retail pre-lets

Property Week News Feed - Wed, 04/24/2019 - 17:55
Edinburgh St James has pre-let four retail units to Inditex brands at its 1.7m sq ft mixed-use development in the Scottish capital.
Categories: Property

Aberdeen Standard Investments to sell City of London office building

Property Week News Feed - Wed, 04/24/2019 - 17:48
Aberdeen Standard Investments has appointed Knight Frank to sell City of London building Paxton House for £9.5m, reflecting a net initial yield of 4.5%.
Categories: Property

Moda Living hires asset managers ahead of Angel Gardens opening

Property Week News Feed - Wed, 04/24/2019 - 17:03
Moda Living has hired former Urban Bubble asset manager Kate Barnes as the general manager of its flagship Manchester development Angel Gardens.
Categories: Property

Waymo to build its self-driving cars in Detroit

The Car Connection News Feed - Wed, 04/24/2019 - 15:35
Google's self-driving car subsidiary Waymo said Tuesday that it will build its self-driving cars in the Motor City. The autonomous car firm said in a new blog post it chose Detroit for its "strong talent base," called the area the "heart of the American automotive industry," and said that it would provide jobs in an area affected by recent...
Categories: Property

Ford Invests $500 Million in Electric Truckmaker Rivian

Motortrend News Feed - Wed, 04/24/2019 - 15:34

Ford will invest $500 million in Rivian, aligning the maker of the industry-leading F-Series pickup line with an upstart that’s electrifying gas-guzzling trucks and sport utility vehicles.

The second-biggest U.S. automaker also is forming a partnership with Rivian, which Amazon.com backed with an investment announced in February. Ford will build a vehicle using the platform that Rivian founder R.J. Scaringe said last week he plans to share with several companies.

Ford plans to bring a gas-electric hybrid version of its top-selling F-150 truck to market next year and has said it will also bring out an all-electric version of the truck. It now will add a vehicle that company officials declined to describe in detail that will be built off the truck-size platform Rivian refers to as its “skateboard.” This will be on top of the $11 billion Ford is plowing into bringing 40 electrified vehicles to market by 2022, including a Mustang-inspired battery powered crossover utility vehicle next year.

“We don’t have all the answers and we don’t pretend to,” said Joe Hinrichs, Ford’s automotive president, who will join Rivian’s board of directors. “We can learn a lot from Rivian.”

Ford shares slipped 0.6 percent to $9.44 at 9:30 a.m. Wednesday in New York. The stock has climbed 24 percent this year, rebounding somewhat from a 39 percent plunge in 2018.

Scaringe, 36, has clinched the deal with Ford after spurning a potential partnership with General Motors Co. While the two companies discussed GM buying an equity stake in Rivian, the negotiations reached an impasse and appear to have collapsed, Bloomberg News reported earlier.

Rivian has six vehicles planned by 2025—and that’s just the models that will be sold under its own brand. The company has been taking $1,000 deposits for the R1T pickup and R1S SUV, with deliveries slated to start in the fall of 2020.

‘Smart Move’

Ford also has been in talks with Volkswagen AG about tapping the world’s largest automaker for its electric-car platform, dubbed MEB. It now has several options to develop EVs: possibly working with VW on smaller cars and crossovers, with Rivian on larger SUVs and trucks, and engineering models on its own, said Michelle Krebs, senior analyst with car-shopping researcher Autotrader.

“They can multitask,” Krebs said by phone. “This is a smart move for both companies. Ford has been talking about electric vehicles, specifically pickup trucks. You can also imagine commercial vans.”

 

Ford has flirted with partnering with an electric-vehicle startup before. Bloomberg News reported in July 2017 that the company had held early-stage takeover talks with Lucid Motors. Ford Chief Executive Officer Jim Hackett confirmed last year that the company “looked at” Lucid, without elaborating.

Hackett, 64, said on a conference call Wednesday that the deal with Rivian won’t interfere with Ford’s talks with VW. He said he was impressed with Rivian’s “clean-sheet approach.”

“They were not coming from what we would call the analog world,” Hackett said. “They were inventing.”

by Keith Naughton and David Welch

The post Ford Invests $500 Million in Electric Truckmaker Rivian appeared first on Motortrend.

Categories: Property

Hastings Borough Council buys town centre building to rejuvenate area

Property Week News Feed - Wed, 04/24/2019 - 15:33
Hastings Borough Council has bought a 40,000 sq ft office building in the centre of the town from the University of Brighton.
Categories: Property

Ford-Rivian tie-up, Tesla range increase, Electric car smartphone tech: What's New @ The Car Connection

The Car Connection News Feed - Wed, 04/24/2019 - 15:30
Ford pumps $500M into electric-car startup Rivian Ford Motor Company will invest $500 million into Rivian in exchange for use of the startup's electric-car underpinnings, the two companies said Wednesday. Waymo to build its self-driving cars in Detroit Google's Waymo subsidiary said Tuesday that it will build its so-called "self-driving cars" in...
Categories: Property

Segro redeems £250m of bonds

Property Week News Feed - Wed, 04/24/2019 - 15:24
Segro has announced it is redeeming its outstanding 5.6% bonds worth £250m, which are due to mature next year.
Categories: Property

2019 Hyundai Santa Fe vs. 2019 Honda Passport: Compare Cars

The Car Connection News Feed - Wed, 04/24/2019 - 14:29
More crossovers on the street mean that some can take a more direct road to consumers. The 2019 Hyundai Santa Fe now aims straighter for comfort, while the 2019 Honda Passport heads straight to the mountains. We’ll call it addition by subtraction. In the case of the Passport, never burdened with a third row thanks to the bigger Pilot...
Categories: Property

Ford pumps $500M into electric-car startup Rivian

The Car Connection News Feed - Wed, 04/24/2019 - 13:34
Ford Motor Company will invest $500 million into Rivian in exchange for use of the startup's electric-car underpinnings, the two companies said Wednesday. Just what Ford would build on Rivian's advanced truck-like electric-vehicle architecture is unclear. Ford has said that it plans to build an electric version of its F-150 pickup truck and an...
Categories: Property

UBS warns top REITs are heavily exposed to failing retailers

Property Week News Feed - Wed, 04/24/2019 - 13:19
About 20% of the floor space in the 50 shopping centres owned by Landsec, British Land, Hammerson and intu is let to retailers that are shrinking or have entered administration or company voluntary arrangements (CVAs) in recent years, according to research by analysts at UBS.
Categories: Property

Landsec to install electric vehicle charging in all retail and leisure outlets

Property Week News Feed - Wed, 04/24/2019 - 13:14
Landsec has pledged to install electric vehicle charging infrastructure in all of its retail and leisure outlets as part of its commitment to tackling climate change.
Categories: Property

PGIM and Rothesay to loan CBRE Dutch office fund £303m

Property Week News Feed - Wed, 04/24/2019 - 13:06
PGIM Real Esate and Rothesay Life has agreed to loan CBRE’s Dutch office fund €350m (£303m) over the next eight years.
Categories: Property

GLA rejects Sandelson’s plans to redevelop three-acre Kensington site

Property Week News Feed - Wed, 04/24/2019 - 12:30
The Mayor of London’s office has refused permission for real estate entrepreneur Johnny Sandelson’s plans to turn Heythrop College in Kensington Square into 142 new retirement living homes because the scheme did not meet the 35% affordable housing target.
Categories: Property

BRG appoints Ian Mackie to lead its new real estate practice

Property Week News Feed - Wed, 04/24/2019 - 12:23
BRG has announced the hire of Ian Mackie as a London-based managing director who will lead a newly developed real estate and fixed asset practice for the EMEA region.
Categories: Property

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