Property

Hammerson shares rise as deal is called off

Property Week News Feed - Thu, 04/19/2018 - 08:12
Hammerson shares climbed 4.17% on the FTSE 250 on Wednesday to 514.20p after the company pulled the plug on its takeover deal with intu.
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Hill on fast track to build Chichester homes

Property Week News Feed - Thu, 04/19/2018 - 07:03
Hill has partnered with Homes England to develop 160 homes in Chichester using the government’s £2bn accelerated construction fund.
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Lothbury agrees to forward fund boutique hotel in York

Property Week News Feed - Thu, 04/19/2018 - 06:52
Lothbury Investment Management has agreed a forward-funding deal to acquire a new Malmaison boutique hotel in York.
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Fischel talks up ‘great future’ for intu without Hammerson

Property Week News Feed - Thu, 04/19/2018 - 06:33
Chief executive slams analysts’ ‘myths’ about portfolio’s quality following collapse of Hammerson merger.
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Hammerson resurrects huge Birmingham scheme

Property Week News Feed - Thu, 04/19/2018 - 06:02
Hammerson has revived plans for a huge development in Birmingham, as it sets out its strategy following the collapse of its £3.4bn takeover of intu.
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2018 Ford F-150 Power Stroke Diesel Officially Gets 30 MPG Highway

Motortrend News Feed - Thu, 04/19/2018 - 05:01

Earlier this year, Ford announced plans to introduce a diesel version of the redesigned F-150. The Blue Oval promised that the new 3.0-liter V-6 turbodiesel would make 250 hp and 440 lb-ft of torque, and that towing and fuel economy ratings would both be best-in-class. Official figures weren’t available at the time, but the new engine was supposed to be even more efficient than the full-size pickup mpg champ, the Ram 1500 EcoDiesel. Now the numbers are in, and Ford’s done a lot more than simply edge out Ram.

The Environmental Protection Agency officially rates the F-150 Power Stroke Diesel at 22/30 mpg city/highway, giving it a combined rating of 25 mpg. That puts it ahead of the Ram 1500 EcoDiesel’s 20/27/23 mpg rating and makes it the first full-size truck to earn a highway rating of 30 mpg. The diesel Chevrolet Colorado and GMC Canyon posted even higher numbers back in 2015, but they’re a size smaller than the F-150.

“Even a few years ago, customers wouldn’t have imagined an EPA-estimated rating of 30 mpg highway would be possible in a full-size pickup, but our team of crazy-smart engineers rose to the challenge,” said Hau Thai-Tang, Ford’s head of product development, in a statement.

The diesel engine will be available on Lariat, King Ranch, and Platinum-trimmed SuperCrews, as well as the Lariat SuperCab. It will be a $4,000 option on Lariat models, but it can be added to King Ranch and Platinum models for only $3,000. Orders are currently open, with deliveries beginning next month.

Source: Ford

 

The post 2018 Ford F-150 Power Stroke Diesel Officially Gets 30 MPG Highway appeared first on Motor Trend.

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2018 Ford F-150 Power Stroke Diesel rated at 30 mpg highway, with a big catch

The Car Connection News Feed - Thu, 04/19/2018 - 05:01
A new turbodiesel V-6 gives the rear-wheel drive 2018 Ford F-150 Power Stroke Diesel fuel economy akin to a mid-size sedan, but the four-wheel drive version is much thirstier. Ford said Thursday that the EPA rates the rear-wheel-drive diesel pickup at: 22 mpg city, 30 highway, 25 combined. The four-wheel drive one comes in at just 20/25/22 mpg, a...
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Chevrolet Will Now Let You Pay for Gas on Your Touchscreen

Motortrend News Feed - Thu, 04/19/2018 - 00:30

Late last year, General Motors launched Marketplace, an app integrated into the multimedia systems of certain vehicles. It allows you to purchase food and other goods and services straight from your touchscreen. Now, on certain Chevrolet vehicles with Marketplace, you can pay for gas at Shell stations without having to get out of your car.

To use the feature, drivers will click on the Marketplace app on their car’s touchscreen, and then press the Shell icon. Drivers will be able to select the specific Shell station where they want to refuel. Then, the touchscreen will spit out a code that drivers can use when they arrive at the station to activate their desired pump. The charges will be added to the driver’s payment method on file.

In addition to helping drivers find and pay for gas, the Marketplace app also allows drivers to make dinner reservations, find hotels, and pay for parking. It also has a “Shop” section that offers deals specific to their vehicles, such as discounts for oil changes or deals on GM accessories.

Chevrolet is piloting the Shell feature in select markets right now. In the coming months, Chevrolet will make it available nationwide in eligible Chevrolet vehicles from the 2017 model year or later.

GM isn’t the only automaker to let you pay for gas on your touchscreen. Jaguar is also rolling out the feature, which lets you pay with Apple Pay, Android Pay, or PayPal.

Source: Chevrolet

The post Chevrolet Will Now Let You Pay for Gas on Your Touchscreen appeared first on Motor Trend.

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Spied! BMW Z4 Caught Looking Nearly Production-Ready on the ‘Ring

Motortrend News Feed - Wed, 04/18/2018 - 23:00

Toyota certainly disappointed fans when it brought a Supra race car concept to the Geneva Motor Show, only to announce we won’t see the road car until next year. But according to the latest rumor, BMW fans won’t have to wait nearly as long to see the Supra’s platform-mate. Supposedly, we’ll see the production Z4 sometime this summer. From what we can see in these images, there isn’t much left to do before the Z4 is ready.

 

Technically, this prototype is still camouflaged, but the swirls don’t do much to hide the production bodywork. Look closely, and you can see everything from the grille to the intakes, headlights, and even the creases in the sheet metal. Compared to the Z4 concept, the production car isn’t quite as aggressively styled. But like previous spy shots have shown, the major design elements all appear to still be intact. The front clearly features a wide, thin grille and angular headlights, with a cooling vent behind the front wheels and a strong character line stretching back toward the taillights. We don’t see as large of a spoiler, and the stylized exhaust tips have been swapped out in favor of conventional round pipes, but BMW deserves credit for sticking closely to the concept.

Despite BMW’s attempts to cover it up, our photographer was also able to get a few shots of the interior once the driver dropped the top. A few details may change by the time the Z4 goes on sale, but the cabin looks just as production-ready as the rest of the car. Designers appear to have stuck with the same basic layout for the dash and center console that the rest of the current BMW lineup uses. The digital instrument cluster and infotainment screen do look freshly updated, and the climate controls have been relocated.

If we had to guess, we’d say this is probably the entry-level four-cylinder version. A turbocharged inline-six is also reportedly in the works, but we’d expect that version to include features such as an Individual drive mode setting and adaptive cruise control. Both appear to be missing on this particular prototype.

Make sure you check out the rest of the gallery below, then head to Facebook to let us know what you think of the redesigned BMW Z4.

Photo source: CarPix

The post Spied! BMW Z4 Caught Looking Nearly Production-Ready on the ‘Ring appeared first on Motor Trend.

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This Rugged Armada Concept is Nissan’s Idea of an Overland Adventure SUV

Motortrend News Feed - Wed, 04/18/2018 - 22:00

When Nissan announced that the 2017 Armada would be based on the foreign-market Patrol, it was big news. Not only would it be the Armada’s first redesign since 2004, the U.S. would finally get its own version of the legendary body-on-frame off-roader. Except when the Armada showed up, it was missing all of the Patrol’s off-road goodies. Still, that hasn’t stopped Nissan from trying to capitalize on the growing popularity of overland adventuring with the Armada Mountain Patrol concept.

Built for this year’s Overland Expo West event, the Armada Mountain Patrol appears to be outfitted with wider fenders, a lift kit, rock rails, a steel bumper and winch, off-road tires, a snorkel, auxiliary lights, and a light bar. Around back, it looks like Nissan added a steel rear bumper and winch, a spare tire, traction mats, fuel canisters, and mounts for other overland hardware. The roof also features a rack that supports a tent and awning. Actual parts and features won’t be announced until next month, but based on these renderings and sketches, the Armada Mountain Patrol is off to a good start.

“If you are building an overlanding rig, the Nissan Armada is a great place to start with its impressive off-road capabilities, great on-road comfort and its suite of Nissan Intelligent Mobility technologies,” said Brandon White, Nissan’s North American head of marketing, in a release. “With help from Nissan Truck enthusiasts, the Armada Mountain Patrol will take that rugged foundation and transform into the ultimate overlanding vehicle – equipped with the latest in overlanding tech, camping comforts and tools needed to take on any adventure.”

Before the design is finalized, fans are being asked to help pick the tires, tent, and vinyl wrap. To vote, head to Nissan’s Facebook or Instagram page. Then look for the concept to be revealed in about a month at Overland Expo West. There’s virtually no chance the Armada Mountain Patrol becomes a full production model, but some of Nissan’s past crowdsourced concepts have ended up looking pretty cool.

Source: Nissan

The post This Rugged Armada Concept is Nissan’s Idea of an Overland Adventure SUV appeared first on Motor Trend.

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Aston Martin DBS Superleggera Coming in June

Motortrend News Feed - Wed, 04/18/2018 - 21:00

Aston Martin is reviving two familiar names—DBS and Superleggera—for a new flagship Super GT that will debut this June. Leading up to the debut, the automaker has released a teaser image and short video previewing the new model.

Aston Martin isn’t providing any specific details. But we know the Aston Martin DBS Superleggera will replace the outgoing Vanquish S, which made a maximum of 595 hp from its naturally aspirated V-12. The new DBS Superleggera is part of Aston Martin’s Second Century Plan that calls for replacing each of its two-door sports cars. Aston Martin debuted a new Vantage late last year after rolling out a new DB11 earlier to replace the DB9.

The DBS name first appeared on the 1967 car designed by William Towns. Aston Martin brought back the name in 2007, and continued to use it for its flagship grand tourer until it introduced the Vanquish for the 2014 model year. Meanwhile, Aston Martin is also opting for Superleggera—or super light—construction, which we’ve seen on previous Aston Martins going way back to the DB4 and DB5.

Continuing its huge product offensive that is already in progress, Aston Martin is getting ready to roll out a production version of its DBX crossover concept, rumored to be named Varekai, for 2019. In the coming years through 2023, the brand will also introduce a mid-engine sports car, Lagonda sedan, and Lagonda SUV. The ultra-premium Lagonda brand will be made up entirely of battery-electric offerings.

Stay tuned as we learn more about Aston’s upcoming DBS Superleggera.

Source: Aston Martin

The post Aston Martin DBS Superleggera Coming in June appeared first on Motor Trend.

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The 2018 Ford Mustang Cobra Jet Will be an 8-Second Drag Car

Motortrend News Feed - Wed, 04/18/2018 - 20:00

Earlier this year, Ford announced the Mustang GT500 will arrive in 2019 and make more than 700 hp. But while it will be the most powerful production car Ford has ever sold, it won’t actually be the most powerful Ford ever. That honor goes to the recently announced track-only 2018 Mustang Cobra Jet.

Teased in the image above, Ford says the Cobra Jet’s supercharged 5.2-liter version of the Coyote V-8 will make it “the most powerful and quickest version from the factory yet.” We don’t know what that means in terms of horsepower, but the Cobra Jet will reportedly run the quarter mile in the mid-8-second range with a trap speed that exceeds 150 mph. For comparison, the quickest road car we’ve ever tested, the Tesla Model S P100 D, ran the quarter in 10.5 seconds.

To turn the Mustang into a factory drag racer, Ford Performance added a track-optimized four-link rear suspension, a 9-inch solid rear axle from Strange Engineering, a roll cage, racing seats, custom coil-overs, and custom wheels from Weld Racing. It also comes with a graphics package and commemorative badging in honor of the Cobra Jet’s 50th anniversary. As a nod to the 1968 original, only 68 Cobra Jets will be produced for 2018.

When it goes on sale, Ford says the Cobra Jet will be eligible to enter National Hot Rod Association competitions, as well as multiple National Mustang Racers Association and National Muscle Car Association classes. Pricing and final specs won’t be released until this summer, but considering the 2014 version cost almost $100,000, it’s probably safe to assume the 2018 will be a six-figure car.

Source: Ford

The post The 2018 Ford Mustang Cobra Jet Will be an 8-Second Drag Car appeared first on Motor Trend.

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Cadillac Chief Johan de Nysschen Out Suddenly at GM

Motortrend News Feed - Wed, 04/18/2018 - 19:30

In a bombshell announcement, General Motors said today that Cadillac President Johan de Nysschen is leaving the company immediately, to be replaced by Steve Carlisle who has been head of GM Canada.

No explanations yet for the sudden departure of a man whose sometimes controversial imprint on Cadillac has drawn both praise and criticism. He became president of Cadillac in August 2014 after running the Infiniti brand for Nissan. Before that, he led Audi in North America.

Cadillac House in New York City

De Nysschen took the Cadillac brand in a new direction. He oversaw moving the luxury marque from GM’s Detroit headquarters to a new office in New York to create distance and infuse a more hip vibe but U.S. sales declined under his watch.

De Nysschen had an ambitious product plan designed to expand the lineup substantially. It involved dedicated vehicles and powertrains—an expensive plan—while also promising that Cadillac would be profitable on its own and eventually report its earnings separately. If this remains the goal, his successor Carlisle will benefit from his experience successfully running operations in Canada as a standalone unit.

Under de Nysschen, Cadillac’s product plan has changed and his departure raises questions as to whether his vision will still be carried out.

Johan de Nysschen during a visit to Motor Trend headquarters in March 2018

The brand president showed no signs he was planning to leave when he outlined vehicles under development for Motor Trend a few weeks ago during the New York auto show.

Here are the plans that Carlisle will inherit.

Cadillac has had a full stable of cars in a world increasingly migrating to crossovers and SUVs and pickups. Some of those cars have not performed well and de Nysschen was reluctant to use heavy incentives in a bid to increase their overall residual value.

When Cadillac moved to New York and began to separate itself financially, the goal was to have Cadillacs on unique platforms. But de Nysschen came up against the reality that commonality with other GM brands is often necessary for new products to be financially viable. It is a compromise he was more willing to make with crossovers than with cars.

ATS, CTS replacements Special Championship Editions of the Cadillac ATS-V and CTS-V

The full-size CT6 sedan is “sort of the first stake in the ground and we will have two models below that to cover what we call ‘lux three’ and ‘lux two’ segments,” de Nysschen said.

The midsize CT5 is coming in 2019 as Cadillac plans to discontinue both the ATS and CTS over the next two years and add a new and smaller entry sedan that will likely be CT4.

The current entry-level ATS is ‘lux three,’ competing against the BMW 3 Series and Audi A4. It will end production at the end of this year and the Lansing plant will be retooled to build cars on an enhanced Alpha platform. There could be a gap of as long as a year between the end of ATS production and sale of its replacement.

The larger CTS has two more years of life, ending production at the end of 2019. The current CTS is on the Alpha One platform which will be superseded by the enhanced Alpha Two architecture for better handling and more rear seat room which is key for China.

New entry-level car

Cadillac wants to expand the lineup with a smaller entry-level car in the “Lux two” category to compete with the Mercedes-Benz CLA and Audi A2 sedans. This addition to the lineup is due in late 2019 under de Nysschen’s plan. This smaller car is due in late 2019 and will likely be the CT4.

There are no plans to go below “lux two.”

All vehicles have followed a “tweener” strategy where they straddle normal segment sizes, usually making them the largest entries in any given sector.

Flagship sedan The brand’s current de facto flagship, the 2019 Cadillac CT6 V-Sport

As for the top of the lineup, at one time de Nyschen wanted a car above CT6 to be the brand flagship—a CT7 or CT8. “Three years ago, it would’ve been a good idea, we could’ve pulled off a car above CT6.” But the car market continues to deteriorate and resources for this idea dried up. The Cadillac chief switched gears, determining that spending on technology and electrification would be a better way to create a halo. The current halo is the recently unveiled CT6 V-Sport.

The brand has adopted a “Y strategy” that starts with a luxury spec car and can go in one of two avenues: upgrade the luxury content to make it more sophisticated or branch off into a sport personality. “You might have two cars at similar price points but of a different content.”

More V 2019 Cadillac CT6 V-Sport

The plan was to build up the sport persona of the Cadillac brand. The walkup is Sport, V-Sport and V, each differentiated by the magnitude of the technology.

“Vs are very thoroughbred cars and so, by definition, there’s only certain numbers of vehicles that would technically be a V car,” said de Nysschen. The idea is to rely more heavily on V-Sport in the future. The CT6 V-Sport with its new twin-turbocharged V-8 will give the CTS-V a run for its money, he said.

At this point the new engine is designed to be exclusive to Cadillac and there are no plans to give it a name—and certainly no plans to bring back the Northstar name. V-8s will remain somewhat exclusive within the lineup, as well.

Escalade replacement still far away 2017 Cadillac Escalade

On the utility side, the profit generator has been the full-size Escalade SUV, a body-on-frame beast that is well into its lifecycle. It is up against a shiny new Lincoln Navigator that has received strong reviews and forced Ford to increase production to keep up with demand.

The next-generation Escalade is not due until 2021. “The next Escalade’s gonna blow you away,” de Nysschen had promised. It will remain body-on-frame and keep the Escalade name, having built a large and loyal customer base which dealers will have to entice to keep from running to Lincoln.

XT6 or XT7 Cadillac’s midsize crossover, the 2018 XT5

Being truck-based, the Escalade is not a global vehicle, geared instead to North America and a few select markets. Under development is a similar-sized car-based crossover, a global three-row family vehicle that would play well in China.

The new full-size crossover would be positioned above the XT5 and would be called either XT6 or XT7. De Nysschen would not confirm which. It would use the same platform as the XT5. It could be ready in the next two years.

It could be the next vehicle to get the Super Cruise driver-assist technology that debuted on the CT6 and will migrate to other vehicles. Super Cruise will also be available on the XT4 but not for several years.

XT4 first on new platform 2019 Cadillac XT4

Cadillac is currently expanding the crossover lineup with the XT4 that made its global debut in New York and is the first vehicle on a new platform known as E2UL.

It is a front-wheel drive architecture with all-wheel-drive capability and clutch-based torque vectoring. The architecture is scalable for future vehicles that can be longer and wider but would not stretch as far as the XT6/XT7 three-row crossover.

But the new E2UL could be used to add an even smaller crossover: an XT3 that would fill yet another gap in Cadillac’s lineup.

Not surprisingly, there are no plans for a pickup. The last Cadillac truck was the Escalade EXT.

Electric vehicles 2017 Cadillac CT6 Plug-in Hybrid

Cadillac will get its first pure electric Cadillac in 2021. GM has ambitious EV plans and Cadillac “features disproportionately in terms of how many of those vehicles will have the Cadillac crest.”

It will be a family of EVs, not just one, starting in the largest segments first. In addition to the family of pure EVs there will be hybrids as well, largely driven by the Chinese market.

The post Cadillac Chief Johan de Nysschen Out Suddenly at GM appeared first on Motor Trend.

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Congress likely to repeal consumer protection regulation for auto loans

The Car Connection News Feed - Wed, 04/18/2018 - 19:19
An Obama-era regulation designed to prevent unnecessary interest-rate hikes on auto loans may be gone soon. On Tuesday, the Senate approved a resolution to repeal guidance issued by the Consumer Financial Protection Bureau in 2013 designed to keep lenders from disproportionately charging minorities more for car loans. The measure is headed next to...
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C&W's Stewart Barlow passes away

Property Week News Feed - Wed, 04/18/2018 - 18:30
Cushman & Wakefield partner Stewart Barlow has died from a brain tumour.
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Chinese investor makes UK debut with Scottish hotel buy

Property Week News Feed - Wed, 04/18/2018 - 17:40
BDL Select Hotels has sold Rosslea Hall Hotel in Scotland to Chinese investor Tom Xu for his debut UK acquisition.
Categories: Property

Record start to year for West End office leasing

Property Week News Feed - Wed, 04/18/2018 - 17:38
Office take-up in central London reached 2.8m sq ft in Q1 with the West End witnessing its strongest start to the year since 2012.
Categories: Property

Swoon relaunches with Covent Garden pop-up

Property Week News Feed - Wed, 04/18/2018 - 17:30
Designer interiors brand Swoon has launched a pop-up showroom at 7 Mercer Walk in Covent Garden to coincide with its brand refresh.
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2018 BMW X3 aces crash tests, with caveats

The Car Connection News Feed - Wed, 04/18/2018 - 17:27
The 2018 BMW X3 holds up well in crash tests, the IIHS said Tuesday when it awarded certain versions of the compact crossover SUV its Top Safety Pick+ award. Not every 2018 X3 sitting on a dealer's lot qualifies for the IIHS' top award, but all feature a strong body structure that performed well in front- and side-impact testing. It's what options...
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Cadillac shake up: division chief out, strategy could shift

The Car Connection News Feed - Wed, 04/18/2018 - 17:20
General Motors announced Wednesday what could be the beginning of a major shift for its Cadillac luxury division—starting from the top down. The automaker said that Johan de Nysschen, Cadillac's now-former president, has been replaced by GM Canada president Steve Carlisle. De Nysschen, who will leave the automaker immediately, made waves...
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