Property

The Lady HQ sale helps Allsop surpass February 2018 result

Property Week News Feed - Thu, 02/14/2019 - 00:00
Auction house raises £84m at its latest commercial sale, £12m more than at the equivalent auction last year
Categories: Property

Aviva markets Glasgow office asset

Property Week News Feed - Thu, 02/14/2019 - 00:00
Aviva Investors has put its 123 St Vincent Street office scheme in Glasgow on the market for £40.25m having let the remaining space in the building in October.
Categories: Property

Schroders pulls Palace House sale

Property Week News Feed - Thu, 02/14/2019 - 00:00
Schroder UK Real Estate Fund (SREF) has taken South Bank building Palace House off the market after it failed to find a buyer prepared to pay the asking price.
Categories: Property

U.S. Traffic Deaths Reportedly Topped 40,000 Again in 2018

Motortrend News Feed - Wed, 02/13/2019 - 23:35

Reuters reports that based on estimates provided by the National Safety Council, traffic deaths in the U.S. topped 40,000 last year. That would make 2018 the third year in a row with traffic deaths above that mark, according to the nonprofit organization. And while the good news is that the NSC estimates there were 231 fewer deaths than in 2017, a decrease of about 1 percent, those figures are 14 percent higher than they were back in 2014. An additional 4.5 million people were seriously injured in wrecks in 2018, which represents a 1-percent decline, as well.

Even though total deaths decreased slightly, not all states saw a similar improvement. Florida, Hawaii, Minnesota, Nevada, New Hampshire, Oregon, and Pennsylvania, each saw at least a 5.8-percent uptick in fatalities. While not a state, Washington, D.C., saw a similar increase. On the other hand, traffic deaths in Kansas, Maine, New Jersey, Rhode Island, and Wyoming all dropped at least 9.4 percent.

“Forty-thousand deaths is unacceptable,” said Nicholas Smith, interim president and CEO of NSC. “We cannot afford to tread water any more. We know what works, but we need to demonstrate the commitment to implementing the solutions. Roadway deaths are preventable by doubling down on what works, embracing technology advancements and creating a culture of safer driving.”

As Reuters points out, modern safety systems that offer features such as automatic emergency braking have been shown to reduce the number of wrecks. But those features have only been offered on mainstream vehicles for a few years and will take time to become more common.

“There is definitely evidence that these systems are preventing crashes,” Ken Kolosh, the safety council’s director of statistics, told Reuters. But “they’re probably not at the critical mass yet to see them having an impact on the overall macro level.”

Source: Reuters, National Safety Council

The post U.S. Traffic Deaths Reportedly Topped 40,000 Again in 2018 appeared first on Motortrend.

Categories: Property

Demand for the Chevrolet Colorado ZR2 Bison Has Been Surprisingly High

Motortrend News Feed - Wed, 02/13/2019 - 22:30

The Chevrolet Colorado ZR2 was already an off-road beast. Not only did it handle the Trans-Labrador Highway with ease, it beat out the Ford F-150 Raptor and gave the Ram PowerWagon a serious run for its money. Instead of stopping there, Chevrolet collaborated with AEV and created an even more capable version called the Colorado ZR2 Bison. But with a $48,000 price tag, could there really be much demand for a factory overland-capable truck? Turns out, absolutely.

GM Authority reports that dealers have been so desperate to get their hands on ZR2 Bisons, Chevrolet’s already received orders for its entire 2019 production run. That doesn’t necessarily mean that each truck has been pre-sold, but if you want one and haven’t already put a deposit down, you may have a hard time finding one. And if you do, don’t be surprised to see a big dealer markup.

Sandor Piszar, Chevrolet’s marketing director, told GM Authority that the automaker had originally planned to build only 2,000 ZR2 Bisons for 2019. Whether Chevrolet plans to increase production for 2020 remains to be seen.

It’s not like the regular ZR2 is sitting on dealer lots for long, either. Piszar said the ZR2 accounts for about 10 percent of Colorado sales. With nearly 135,000 Colorados sold last year, that means Chevrolet probably sold around 13,500 of the $42,000 off-roader. We’re big fans of the ZR2, but still. Consider us impressed.

Source: GM Authority

The post Demand for the Chevrolet Colorado ZR2 Bison Has Been Surprisingly High appeared first on Motortrend.

Categories: Property

Spied! Kia Tests New Small Crossover

Motortrend News Feed - Wed, 02/13/2019 - 21:30

Kia is slowly filling gaps in its SUV lineup. It just debuted the large Telluride, and now it’s getting ready to introduce a new crossover on the opposite end of the spectrum. Our spy photographers caught this small Kia playing in the snow.

Our sources say this vehicle is based on the SP Concept that Kia debuted last year at AutoExpo in India. With this information, we can connect the dots further. Han-Woo Park, Kia Motors Corp. CEO, told Automotive News that a small crossover based on the SP Concept will be exported from South Korea to the U.S. market.

It’s possible that this new small crossover will share its bones with the Hyundai Kona, though our shooter believes it will be based on the global-market Hyundai Creta. Rumor has it the model will bear the name “Tusker,” although it could be called something different in the U.S.

The heavy camouflage provides little indication of how the crossover will look when it enters production. The cut-outs on the front suggest a split-lighting design, but at this point, it’s impossible to tell whether or not this Kia’s true plan. The model has a rounded front face, and camouflage in the rear gives off the wrong impression of a bulky back end. The wheels, window trim, and so many other details don’t look production-spec.

The model will arrive later this year, as the previous AN report indicated.

Photo source: CarPix

The post Spied! Kia Tests New Small Crossover appeared first on Motortrend.

Categories: Property

Toyota’s TRD Line Isn’t Going Anywhere Despite Rumors to the Contrary

Motortrend News Feed - Wed, 02/13/2019 - 20:30

Ever since Toyota introduced the 207-hp Yaris GRMN in Europe and launched the GR performance sub-brand in Japan, we’ve heard rumors that GR could find its way into the U.S. in some form. Toyota’s decision to officially call the Supra the GR Supra only added fuel to the rumor mill. In fact, following the Detroit auto show, we heard that TRD might even go away and be completely replaced by GR. But thanks to a conversation we had at the Chicago auto show, we can confirm that TRD is here to stay.

While speaking with Jack Hollis, general manager of the Toyota brand in North America, we asked how TRD and GR were going to work together. Would GR eventually replace TRD? In response, Hollis said, “Think of GR as a global branding. It’s really Akio Toyoda’s own personal brand that he started back a ways [with the] Gazoo Racing team. That was really more of the global. For North America and specifically for the U.S., TRD has been our brand. So you’re going to continue to see the GR name more globally. TRD locally. And TRD is our passion. We’re going to continue to grow TRD [brand].”

So there you have it. Unless Toyota makes some major changes to the way it does things, TRD isn’t going anywhere. GR will continue to be a thing overseas, but even racing will continue under the TRD brand in the U.S. “Whether it’s racing in NASCAR or any of our motorsports, it’s all TRD,” he concluded.

The post Toyota’s TRD Line Isn’t Going Anywhere Despite Rumors to the Contrary appeared first on Motortrend.

Categories: Property

The New Mini Cooper John Cooper Works GP Will Make More Than 300 HP

Motortrend News Feed - Wed, 02/13/2019 - 19:45

If you want a car that’s small, light, and fun to drive, a Mini Cooper is a great choice. But if you want power, Mini doesn’t have a lot to offer. Even the $32,750 John Cooper Works Hardtop only makes 228 hp. But when the newest high-performance Mini finally goes on sale next year, it will make some very Honda Civic Type R-like power.

Yes, BMW announced that the next John Cooper Works GP will make more than 300 hp. That’s nearly twice as much power as the last Mini JCW GP made back in 2012. Mini’s keeping most of the specs to itself for now, but we do know it will use a turbocharged four-cylinder and will be both the fastest and most powerful Mini ever built. If you’re interested, you better start talking with your dealer now because only 3,000 will be built, with an unknown number of those making it to the U.S.

Mini also promises that its most track-focused model will use race-derived tech to demolish its predecessor’s 8-minute, 23-second Nurburgring lap time. With an extra 100 hp, we can’t imagine that will be much of a challenge. But whether the new JCW GP will break the Honda Civic Type R’s 7-minute, 43.80-second record remains to be seen.

“The fastest Mini in our brand history—which now goes back 60 years—is an expression of pure racing passion,” said Thomas Giuliani, Mini’s VP of product and launch management, said in a release. “We are well aware of the enormous fascination exercised by the Mini John Cooper Works GP, not just from the euphoric reactions to the concept vehicle but also from past experience: after all, every one of its predecessors was completely sold out even before the official market launch.”

Source: Mini

The post The New Mini Cooper John Cooper Works GP Will Make More Than 300 HP appeared first on Motortrend.

Categories: Property

GM and Amazon Reportedly to Invest in Rivian

Motortrend News Feed - Wed, 02/13/2019 - 19:00

Could Rivian Automotive become the next Tesla? General Motors and Amazon may think so. According to Reuters, those two corporate giants are reported to be in talks to invest in Rivian, the 10-year-old electric-vehicle company that unveiled its first vehicles, the R1T full-size pickup truck and R1S SUV, at the Los Angeles auto show last November.

GM, through a spokesperson, responded to our request for comment with just this: “We admire Rivian’s contribution to a future of zero emissions and an all-electric future.” A Rivian spokesperson told us, “We don’t comment on speculation.”

Last November, GM announced a controversial restructuring that sees several gas-powered sedan models cut from its lineup and leaves five North American assembly plants with no product to build as the automaker shifts toward an EV future. GM plans 20 new electric vehicles by 2023.

Like GM plans to do, Rivian uses a flexible skateboard-style platform for its  electric vehicles. Such a chassis could be adapted to underpin GM vehicles if some kind of technology sharing deal is worked out. Rivan has previously said it plans to partner with other companies on autonomous tech rather than try to develop its own. Having access to a platform that already supports a full-size electric pickup could potentially make the electric Chevy Silverado and GMC EV truck that GM executives have talked about much closer to reality than previously thought. Then again, GM is already developing a skateboard of its own: a platform called BEV3 that will debut in a new Cadillac model in 2021.

GM and Amazon investments would give them minority stakes in Rivian Automotive and value the Plymouth, Michigan–based EV startup at $1 billion to $2 billion, Reuters says, citing unnamed sources. That could put the automaker and the online retail giant on the ground floor of an electric-vehicle manufacturer with enormous potential. Fellow EV automaker Tesla has a current market cap of nearly $53 billion, just a couple billion short of GM’s own number. In an additional, Google-like move to move beyond its core business, Amazon has been reported to have made an investment in autonomous-vehicle technology development startup Aurora (one of whose co-founders, Chris Urmson, previously helped lead driverless-car development at Google).

Rivian already boasts a $500 million stake from Abdul Latif Jameel, whose investments include the U.S. branch of Japan’s Sumitomo Bank, and the Toyota distributorship in Saudi Arabia. In addition to its Michigan HQ, Rivian’s human and physical assets include an office in Silicon Valley (of course), a team of ex-McLaren engineers, former Chrysler design chief Tom Gale as a corporate director, and the Diamond-Star auto-assembly plant, formerly owned by Mitsubishi, in Normal, Illinois, which it purchased recently for just $16 million.

Led by Massachusetts Institute of Technology alumnus R.J. Scaringe, Rivian plans to sell the first examples of the R1T and R1S in 2020. Rivian says the R1T pickup will start at $61,000, and have a range of 250 to 400 miles depending on the battery pack; the highest-range trucks will be priced somewhere north of $100,000. Rivian also claims a 10,000-pound maximum payload and a zero-to-60-mph time of less than 3 seconds.

Source: Reuters

The post GM and Amazon Reportedly to Invest in Rivian appeared first on Motortrend.

Categories: Property

Schroder Real Estate closes Residential Land Partnership fund with commitments of £70m

Property Week News Feed - Wed, 02/13/2019 - 18:28
Schroder Real Estate has completed the final close of the Residential Land Partnership (RLP) with commitments of £70m.
Categories: Property

Japan, EU push to make automatic emergency braking a requirement

The Car Connection News Feed - Wed, 02/13/2019 - 18:00
Forty countries have agreed to a United Nations regulation draft that calls for automatic emergency braking to be standard equipment on all new cars and commercial vehicles by early 2020. Chief among the countries are members of the European Union and Japan. Reuters reported on the regulation draft Tuesday and countries will move to adopt the...
Categories: Property

Countrywide EBITDA halves

Property Week News Feed - Wed, 02/13/2019 - 17:47
Countrywide’s adjusted EBITDA fell 49% to £33m in 2018, down from £65m the year before.
Categories: Property

Honda Teases EV Prototype Interior for Geneva

Motortrend News Feed - Wed, 02/13/2019 - 17:40

At the Geneva Motor Show, Honda will debut a prototype version of an electric vehicle that will go on sale later this year. And here’s a sneak peek at the interior.

This teaser image shows off a large screen that expands across the dashboard. It appears Honda is taking a cue from Mercedes, which offers a large display that merges the instrument cluster and infotainment system together. However, this screen appears to have not two, but three displays, with controls for navigation, a personal voice assistant, smartphone connection, and more. On the EV Menu, drivers can access the car’s charging schedule.

Underneath the screen and atop the dashboard, there is a volume knob, home button, and other controls. Below these, you’ll find horizontally stacked air vents and Honda’s typical climate control setup.

Honda says the prototype takes after the Urban EV concept that debuted at the Frankfurt Motor Show in 2017. The similarities are clear in this teaser image Honda released last month showing the prototype’s front end.

Details are slim at this point, as we don’t know the car’s powertrain or even its official name. We should learn more when the prototype electric vehicle is revealed on March 5 in Geneva.

Source: Honda

The post Honda Teases EV Prototype Interior for Geneva appeared first on Motortrend.

Categories: Property

1.5M Ford F-150 pickup trucks recalled over transmission problem

The Car Connection News Feed - Wed, 02/13/2019 - 15:55
Ford Motor Company said Wednesday that it will recall about 1.3 million full-size pickup trucks in the U.S. to fix a software issue that could cause their automatic transmissions to abruptly downshift. The recall affects 2011-2013 Ford F-150 pickup trucks built with 6-speed automatic transmissions. The trucks may unexpectedly downshift to first...
Categories: Property

2020 Mitsubishi Outlander Sport, 2019 Corvette ZR1, Rivian's suitors: What's New @ The Car Connection

The Car Connection News Feed - Wed, 02/13/2019 - 15:30
Feds say auto loans went up in 2018–but so did the number of delinquencies Car shoppers borrowed more in 2018 than before, but roughly 7 million owners are behind in their car payments by 90 days or more, the Federal Reserve Bank of New York reported Tuesday. Amazon makes investment in Aurora Innovation self-driving car company Online...
Categories: Property

Circle Property agrees new £60m credit facility

Property Week News Feed - Wed, 02/13/2019 - 15:06
Circle Property has agreed a new £60m senior revolving credit facility with RBS and HSBC.
Categories: Property

JLL appoints new lead director of Cardiff office

Property Week News Feed - Wed, 02/13/2019 - 14:24
Property consultancy firm JLL has appointed Justin Millet as lead director of its Cardiff office. He replaces Chris Sutton who has left the company to pursue his own consultancy practice after 12 years.
Categories: Property

British Library signs agreement for 100,000 sq ft extension

Property Week News Feed - Wed, 02/13/2019 - 14:23
The British Library is to add a 100,000 sq ft extension to its Grade 1 listed home after signing a development agreement with Stanhope and Mitsui Fudosan.
Categories: Property

​Shaftesbury signs up string of international retailers

Property Week News Feed - Wed, 02/13/2019 - 14:17
Shaftesbury has announced new lettings to Columbia Sportswear, IZIPIZI, Subdued and OUR LEGACY in Carnaby, Soho.
Categories: Property

2019 BMW 7-Series

The Car Connection News Feed - Wed, 02/13/2019 - 14:12
The 2019 BMW 7-Series luxury sedan is proof that bigger isn’t always better. Although it swims upstream from buyers migrating to megabuck crossovers, the 7-Series coddles and cossets drivers and owners in leather, wood, horsepower, and technology. An update is on the way for 2020 that places the 7-Series into the crossfire of competing...
Categories: Property

Pages