Franklin Templeton fund raises €158.4m in 2018

Property Week News Feed - Tue, 01/29/2019 - 13:12
Franklin Templeton has acquired a London medical clinic three assets for its European Social Infrastructure Fund (FTSIF) and has lined up a pipeline of more than €500m (£433.7m) investments for the fund this year.
Categories: Property

Honda Passport Photo History: How the SUV Has Changed Since the ’90s

Motortrend News Feed - Tue, 01/29/2019 - 13:05

The original Honda Passport wasn’t really a Honda at all—the off-road-ready SUV was essentially a rebadged Isuzu Rodeo. Arriving just a couple years before the very first Honda CR-V, the Passport nameplate lasted longer than the Isuzu Trooper–sourced Acura SLX. More than two decades later, after Honda (and Acura) dipped its toe in the SUV waters, the automaker’s crossovers are among the best-selling models in its lineup.

The 2019 Passport rejoins the Honda family between the smaller (though still spacious) CR-V and three-row Pilot. Read our 2019 Honda Passport review here.

First-Generation Honda Passport (1994-1997 model years) Second-Generation Honda Passport (1998-2002 model years) 2019 Honda Passport (third-generation model)

The post Honda Passport Photo History: How the SUV Has Changed Since the ’90s appeared first on Motortrend.

Categories: Property

Ex U+I director appointed chair of Brick by Brick

Property Week News Feed - Tue, 01/29/2019 - 13:02
Croydon council’s in-house development company Brick by Brick has appointed former U+I creative director Martyn Evans as its non-executive chair.
Categories: Property

2019 Honda Passport First Drive: Moab Ready?

Motortrend News Feed - Tue, 01/29/2019 - 13:00

With its stunning red rock landscape, Moab, Utah, is one of the most fabulous places on Earth. No matter how many times you visit, the impressive rock formations and unreal cliff drops inspire you to explore and enjoy nature in various ways. That includes four-wheeling. and the diversity of the trails makes Moab excellent for everything from a lifted Jeep Wrangler to a family vehicle like the all-new 2019 Honda Passport.

Back in the ’90s and early 2000s, Honda offered the body-on-frame Passport SUV as American consumers left sedans for something bigger and more capable. It was essentially a rebadged Isuzu Rodeo, and although the Pilot replaced it in 2003, the Passport had that off-road ability to tackle some of Moab’s most challenging trails.

But the industry has changed significantly since 2002, when the last Passport was sold in America. That year, for instance, the top 10 best-selling vehicles included just two SUVs. Last year’s top 10 chart features four crossovers, as consumers look for high-riding and spacious vehicles.

The 2019 Passport reflects those changes, as it shares most of its parts with the Pilot, featuring a unibody platform and an all-wheel-drive system that allows it to go through burdensome trails while still providing a satisfying driving experience on pavement. The new Honda crossover will slot between the CR-V and Pilot, offering seating for five passengers and massive cargo space.

See the 2019 Passport’s two predecessors right here.

Part of the Passport’s adventure-ready spirit comes from its dimensions. The Passport is 6.0 inches shorter than the Pilot, has 0.2 to 0.8 inches more ground clearance and shares the same wheelbase as the Pilot (111 inches). This, along with the short front and rear overhangs, allows the Passport to have 21.4/27.6-degree approach/departure angles on all-wheel-drive models. The stunning back roads inside Arches National Park and Canyonlands National Park served as the off-road test for the new Passport. Even though most of the time we drove on dirt roads, we got on three wheels a couple times while crawling over rocks. The Honda’s short front overhang prevented any damage to the fascia, but the underbody did get scratched a little when driving over the most difficult parts of the trail.

Honda made some changes to the suspension, allowing it to tackle on-road vibrations and providing better damping off-road. When driving over rocks, the suspension absorbed the movements in good fashion, and even when driving at about 55 mph on some dirt roads, the cabin felt quiet and peaceful. The same goes when driving on the highway—we’ve praised Honda for the minimal body roll we’ve experienced in its SUVs, and the Passport maintains that trait. The steering feels well balanced and sporty, giving good feedback of what’s happening on the ground.

The Passport’s heart—a 3.5-liter V-6 engine that provides 280 hp and 262 lb-ft of torque—is mated to a nine-speed automatic. This is the same powertrain found in the Pilot’s upper trims, and it’s the only combination available in the Passport. All-wheel drive is available in every trim for an additional $1,900 except on the Elite, where it comes standard. It’s the same system we’ve tested in the Pilot, which can send up to 70 percent of the torque to the rear wheels and 100 percent of that torque to the left or right wheel. Four drive modes are available: Normal, Snow, Mud, and Sand. Every mode changes the throttle and transmission mapping, and depending on which mode you drive, the Passport will send more torque to the rear for better performance. When driving in Mud mode, I noticed more wheel slip when driving over wet surfaces, allowing the Passport to maintain its momentum. I also drove in Snow mode and noticed that the throttle inputs were less aggressive than in Normal mode.

The lack of a third row makes the Passport about 100 pounds lighter than the Pilot and makes the smaller Honda feel sportier, too. Step on the throttle, and you’ll hear a nice note from the exhaust, while your back is pushed against the seatback. Although Honda has made changes to the ZF-sourced transmission, there were a couple of instances where the gearbox took a long time to downshift, and even though most shifts were smooth, Mud mode made the shifting a little rougher. We’ll have to wait and see how the transmission behaves once we get a Passport in for full instrumented testing soon.

Four trims will be available—Sport, EX-L, Touring, and Elite—once the Passport arrives at dealerships on February 4. But regardless of the trim, every Passport enjoys soft-touch plastics and a spacious cabin, with enough room for five adults and their gear. In Utah, we drove the Passport Elite, which comes with heated and ventilated front seats, a heated steering wheel, leather upholstery, heated rear seats, a wireless phone charger. and four USB ports (two in the front, two in the back). Still, every trim comes with push-button start, three-zone automatic climate control, 20-inch wheels, LED daytime running lights, LED headlights and taillights, and an underfloor cargo space that can hide the occasional shopping bag, laptop, or purse. However, those who buy the Sport trim won’t get Apple CarPlay or Android Auto, as this capability is only available on EX-L, Touring, and Elite through the 8.0-inch touchscreen. One thing we did miss in the interior is the electronic parking brake; every 2019 Passport is equipped with a pedal parking brake.

Like other new Hondas, the Passport is equipped with Honda Sensing, which means all models get automatic emergency braking with forward collision warning, lane keep assist, lane departure warning with road departure mitigation, and adaptive cruise control. Besides its rugged styling, the Passport stands out by making these safety features standard. As we’ve said in the past about Honda’s active safety systems, the features are easy to enable and work great.

With pricing starting at $33,035, the Passport Sport is more expensive than its competition and pricier than the Pilot LX ($32,495). The Passport EX-L, which gets significantly more standard equipment than the Sport, gets a decent price bump to $37,445. Touring and Elite are available for $40,325 and $44,725, respectively. The Passport isn’t the most affordable model in the segment, but Honda says you get more bang for your buck, given the increase in standard equipment over its competition (Chevrolet Blazer, Ford Edge, Hyundai Santa Fe, Nissan Murano, and Jeep Grand Cherokee). For a five-passenger SUV, the prices might seem too high to some, but only time will tell whether the market is ready for more Passport adventures.

The post 2019 Honda Passport First Drive: Moab Ready? appeared first on Motortrend.

Categories: Property

2019 Honda Passport first drive: Five seats, just right

The Car Connection News Feed - Tue, 01/29/2019 - 13:00
Discovery of uranium in the sandstone around Moab, Utah, sparked a rush of prospectors into the Four Corners region in the 1950s. With its 2019 Passport, Honda may very well have struck gold instead. The new Passport is a five-seat crossover SUV that looks, drives, and for the most part, acts like the shortened Honda Pilot that it is. From its...
Categories: Property

2019 Honda Passport crossover SUV: Five seats, $33,035 to start

The Car Connection News Feed - Tue, 01/29/2019 - 13:00
When it goes on sale next month, the 2019 Honda Passport will cost $33,035 for the base Sport trim level. That lands it square in the middle of a growing five-seat crossover SUV market that includes rivals such as the $31,090 Ford Edge, $32,315 Nissan Murano, and $35,490 Jeep Grand Cherokee. The Passport shares its underpinnings and engine with...
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Leyburn takes on new EMEA senior leadership role at Colliers

Property Week News Feed - Tue, 01/29/2019 - 12:32
Peter Leyburn has been appointed to a new dedicated senior leadership role of head of cross-border tenant representation EMEA at Colliers International as the company targets expansion of advisory services for multi-region firms.
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Kennedy Wilson secures road fuel giant for Manchester business park

Property Week News Feed - Tue, 01/29/2019 - 12:06
Kennedy Wilson has secured a 12,000 sq ft letting to the UK’s largest road fuel supplier Greenergy at Towers Business Park in Greater Manchester
Categories: Property

SEGRO signs Maritime Transport lease

Property Week News Feed - Tue, 01/29/2019 - 11:29
SEGRO has signed a 25-year lease with Maritime Transport to operate the Strategic Rail Freight Interchange at SEGRO Logistics Park East Midlands Gateway and base its rail headquarters at the site.
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Ford aiming to keep customers with new rewards program

The Car Connection News Feed - Tue, 01/29/2019 - 11:00
Ford owners will soon have a new rewards program like those offered by airlines and grocery stores aimed at increasing loyalty and boosting service center visits. After announcing the rewards program last year without details, Ford went into detail at the National Auto Dealers Association meeting last week, Automotive News reported. All but four...
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GVA Manchester grows team under new ownership

Property Week News Feed - Tue, 01/29/2019 - 10:54
GVA has added six new hires to its Manchester team to support growth plans following its recent acquisition by Avison Young.
Categories: Property

BlackRock adds first two assets to Eurozone property fund

Property Week News Feed - Tue, 01/29/2019 - 10:45
BlackRock Real Estate has completed on the acquisitions of a pair of German office and logistic sites to add the first two assets for its €415m (£361m) Eurozone Core Property Fund.
Categories: Property

M7 sets record rent at Glasgow industrial park

Property Week News Feed - Tue, 01/29/2019 - 10:37
M7 Real Estate has completed six new lettings totalling 25,000 sq ft at Colvilles Park in East Kilbride, Glasgow, on behalf of an institutional investor.
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15 Fetter Lane under offer to Esas Holdings

Property Week News Feed - Tue, 01/29/2019 - 09:38
Turkish investor Esas Holdings is under offer to buy British Steel Pension Fund’s 15 Fetter Lane in London’s Midtown.
Categories: Property

UBS Asset Management launches long income UK fund

Property Week News Feed - Tue, 01/29/2019 - 09:06
UBS Asset Management’s Real Estate & Private Markets (REPM) business has launched a new UK-focused long income fund, with an initial commitment of £90m.
Categories: Property

Ace posts leap in revenue and profit

Property Week News Feed - Tue, 01/29/2019 - 08:52
Ace Liberty & Stone has posted a 32% leap in rental income and a 24% rise in profit during the first half of its financial year.
Categories: Property

ReSI agrees £14.45m loan

Property Week News Feed - Tue, 01/29/2019 - 08:40
Residential Secure Income (ReSI) has agreed a £14.45m loan, secured against the 289 units in its local authority housing portfolio.
Categories: Property

Lee renews attack on Shaftesbury’s fundraising strategy

Property Week News Feed - Tue, 01/29/2019 - 08:37
Shaftesbury investor Samuel Tak Lee has written to the London property group’s shareholders urging them to oppose resolutions allowing the company to raise more capital through a share issue.
Categories: Property