Property

Gardiner Haskins’ warehouse in Bristol comes to market

Property Week News Feed - Wed, 10/10/2018 - 15:06
A 2.25-acre development site in Bristol containing retailer Gardiner Haskins’ warehouse has been brought to market.
Categories: Property

Mazda 6 recalled over suspension rust risk

The Car Connection News Feed - Wed, 10/10/2018 - 13:52
Concerns about corrosion affecting structural components prompted Mazda on Wednesday to recall about 49,000 examples of its mid-size sedan in certain colder climates. The recall covers 2009 and 2010 Mazda 6 sedans sold or ever registered in 22 eastern and Midwestern states and the District of Columbia where road salt is commonly used to combat icy...
Categories: Property

UK climbs as Ireland tops European BTL league for third straight year

Property Week News Feed - Wed, 10/10/2018 - 13:43
Ireland has been named as the top European country for buy-to-let investors for third year in a row with the UK climbing from 25th to 16th on the back of rising average annual rental returns.
Categories: Property

SoftBank in talks to pour $20bn into WeWork

Property Week News Feed - Wed, 10/10/2018 - 13:40
WeWork could be set to receive between $15bn and $20bn of funding from Softbank, in a deal which would see the Japanese telecoms firm take a majority stake in the business.
Categories: Property

Capreon completes £164m retail parks acquisition from Hammerson

Property Week News Feed - Wed, 10/10/2018 - 13:33
Leo Noé’s Capreon has completed the acquisition of a pair of retail parks in Bristol and Fife from Hammerson for £164m.
Categories: Property

Henley wins big in Vegas with Cornerstone Crossing acquisition

Property Week News Feed - Wed, 10/10/2018 - 13:28
The joint venture between Henley USA and Tower 16 Capital Partners has acquired a major multi-family scheme in an off-market deal to add to its Las Vegas portfolio.
Categories: Property

Green light for Oakmont’s RBS-resi conversion in Hemel

Property Week News Feed - Wed, 10/10/2018 - 13:07
Oakmont Homes has been given the green light to convert a former Royal Bank of Scotland office building in Hemel Hempstead town centre into 53 new homes.
Categories: Property

Munich tops Allianz's European office market ranking

Property Week News Feed - Wed, 10/10/2018 - 12:32
Allianz has published its first-ever European office market ranking which sees Munich take the top spot for both core and value add office space, as London ranks seventh for core and seventeenth for value add.
Categories: Property

The Collective completes MBO of £125m Old Oak

Property Week News Feed - Wed, 10/10/2018 - 11:18
The management of The Collective Old Oak, the giant co-living scheme in west London, has acquired the remaining 75% stake of the development that it did not already own with backing from Deutsche Bank and buy-out specialist Catalina Re.
Categories: Property

The Collective completes MBO of £120m Old Oak

Property Week News Feed - Wed, 10/10/2018 - 11:18
The management of The Collective Old Oak, the giant co-living scheme in west London, has acquired the remaining 75% stake of the development that it did not already own after a proposed sale to Newham Council fell through earlier this year.
Categories: Property

2019 Lexus GX

The Car Connection News Feed - Wed, 10/10/2018 - 11:00
All is not what it seems with the 2019 Lexus GX 460. Beneath its soft leather and glossy wood beats the hard of an adventurer, one that’s out of sync with other luxury crossover SUVs. We say it’s worth 5.0 out of 10 overall, a figure we reach after docking it for poor fuel economy, throwback handling, limited safety gear, and...
Categories: Property

Exeter Chiefs player to open new sports bar in the city

Property Week News Feed - Wed, 10/10/2018 - 10:54
Although he is far more used to scoring points than pulling pints, Exeter Chiefs rugby legend Gareth Steenson is launching a new sports bar and restaurant in his adopted city.
Categories: Property

LIP Invest acquires German logistics assets

Property Week News Feed - Wed, 10/10/2018 - 10:52
LIP Invest has acquired two logistics assets in Berlin and Bremen, Germany for €25m (£22m).
Categories: Property

Stessa Leisure adds Stockton-on-Tees site to health club portfolio

Property Week News Feed - Wed, 10/10/2018 - 10:15
A new 10-year letting to énergie Fitness by Stessa Leisure will see a new gym open in a Stockton-on-Tees shopping centre.
Categories: Property

AXA IM pre-lets 50,000 sq ft of Twentytwo to Beazley

Property Week News Feed - Wed, 10/10/2018 - 10:09
Insurance company Beazley has pre-let 50,000 sq ft of AXA Investment Managers - Real Assets’ Twentytwo office tower in the City of London.
Categories: Property

Volvo could add used cars to its Netflix-style subscription plan

The Car Connection News Feed - Wed, 10/10/2018 - 10:00
Volvo may make used cars available through its Care by Volvo monthly subscription plan, the head of the automaker's North American division said Tuesday. Anders Gustafsson, chief executive for Volvo in the U.S., told CNET that it could make cars in its certified pre-owned program available via subscription. Ultimately, that could mean two...
Categories: Property

Patron sells mortgage lending business

Property Week News Feed - Wed, 10/10/2018 - 09:09
Patron Capital has sold its prime second-charge mortgage lending business, Optimum Credit, to mortgage lender Pepper Money for an undisclosed sum.
Categories: Property

PRS REIT posts maiden annual results

Property Week News Feed - Wed, 10/10/2018 - 09:02
PRS REIT has revealed a £3.2m pre-tax profit in its maiden annual results for the 13 months since its float in May 2017.
Categories: Property

2019 Lamborghini Aventador LP 770-4 Superveloce Jota First Drive

Motortrend News Feed - Wed, 10/10/2018 - 09:00

I called the Aventador Superveloce Lamborghini’s “bloodiest axe” when I first drove it a little more than three years ago just outside Barcelona, Spain. Further exposure back in America to that 740-horsepower rolling weapon confirmed, if not strengthened, my thoughts and feelings. Going with that metaphor, the new Aventador LP 770-4 Superveloce Jota (SVJ for short) is the axe murderer, and oh look: He’s licking the blade. And grinning. I remember thinking that the then-ferocious SV version of Lamborghini’s mid-engine V-12 flagship was as wild and as crazed as supercars got—and frankly would ever get. What has two thumbs and was wrong? This guy! Friends, the lunatics are no longer running the asylum. They’ve burned it to the ground and have gone on to seek higher office.

Some technical details before we get to the drive impressions. The 6.5-liter V-12 makes more power and torque, as it ought to, for as R & D chief Maurizio Reggiani told me, “The story of Lamborghini is based on the V-12.” Reggiani’s team achieved these improvements a few ways. For one, the flywheel has been lightened, allowing the engine to rev more freely. Two, the intake valves are now made from titanium. They also open earlier and stay open longer. Third, a new, shortened exhaust system reduces backpressure. The result is 19 more horsepower (759, up from 740 hp), and the torque rises from 509 lb-ft to 531. More crucially, that torque is available lower in the rev range and for longer, nearly all of it arriving at 4,750 rpm and staying essentially flat until 6,750 rpm. Compare this to the SV, where peak torque arrived at 5,500 rpm. The reworked V-12 sounds angrier, as well. The ISR singe-clutch automated manual clutch remains, though it’s been retuned for even quicker shifts.

The SVJ was put on a diet, with mixed results. The following pieces are made from carbon fiber: front splitter, roof and pillars, monocoque itself, engine cover, rear diffuser, massive tri-post wing, rocker covers and wing mirrors, and large parts of the interior, such as the door panels. Should you opt for the sporty buckets, they are carbon, too. There’s even a lightweight set of wheels available (much simpler looking and in my opinion the ones to get). Oh, and the new exhaust weighs less, too. The issue is that Lamborghini has added some new tech to the SVJ, chiefly two-motor rear-wheel steering and the brand’s patented active aerodynamic system, called Aerodinamica Lamborghini Attiva, aka ALA, that’s been used to great effect on the Huracan Performante, the car that just won our 2018 Best Driver’s Car honors. Lamborghini claims that the SVJ and the old SV should weigh roughly the same. When we weighed an SV, it clocked in at 3,900 pounds even. That’s 209 pounds less than a 2012 Aventador and a few pounds less than a GT-R NISMO (3,904 pounds). Motor Trend has yet to weigh an Aventador S, which replaced the standard car in 2017.

Back to ALA for a second, or in this case ALA 2.0, Lamborghini claims that the system is 30 percent more affective on the SVJ than on the Performante. Why? The company has learned stuff. Functionally, on the Performante, wing-stalling air was channeled up two separate uprights, and the wing was stalled from the outside in. See that cute/weird-looking mustache on the front of the SVJ? Each flattened hexagon directs air over the car’s frunk lid and windshield into a center channel that feeds a duct in the rear wing’s central upright. There are two channels within this intake and a flap that opens and closes each. Going forward, the rear flaps (as well as a single front flap) open to stall the wing and reduce both drag and downforce. Hit the brakes, and the flaps close, activating the front and rear wings, providing both drag and downforce. Yup, the system functions as an airbrake. Turn the steering wheel, and one rear flap opens while one closes, providing downforce on one rear-wheel while allowing the other to rotate. The functional result as a driver is less steering input and increased high-speed stability.

Other tweaks to the SVJ over past Aventadors include reprogrammed magnetic dampers, a retuned all-wheel-drive system, super sticky, model-specific Pirelli Trofeo R tires (255/30ZR20 in front, 355/25ZR21 rear), and 20 percent stiffer anti-roll bars. Also, the reworked body panels are 40 percent more aerodynamic than the SV. Lamborghini claims a 0–62-mph launch in 2.8 seconds. However, when we tested the Superveloce, we saw 0–60 in 2.6 seconds. The SV was also able to run the quarter mile in 10.4 seconds at 134.7 mph. Expect this car to be quicker. Lamborghini still quotes the top speed as north of 217 mph.

The results of all the new stuff on the SVJ are undeniable. An orange, camouflaged car piloted by the fearless Marco Mapelli flew around the Nürburgring Nordschleife in 6:44.97, setting the new production car lap record—a record formerly held by the Porsche GT2 RS (6:47.25), a car that has set lap records on two tracks we regularly test on, Big Willow and Weathertech Raceway Laguna Seca. Perhaps more remarkably, the Aventador SV’s ’Ring lap was 6:59.73, meaning that Lamborghini was able to shave nearly 15 seconds off that car’s time. That’s more than 1 second per mile. That’s remarkable, though not quite as amazing as the jump from the OG Aventador (7:25.00) to the SV. However, when you consider the jump from the initial car to the Jota, we’re talking more than 40 seconds. Frankly, that borders on absurd. It also shows that (like we said) the original Aventador just wasn’t all that. Moving on!

Lamborghini was nice enough to fly me out to the Autodromo do Estoril racetack west of Lisbon, Portugal, to have a go in the SVJ. A funny thing happened, however, between when Lamborghini tested the SVJs on the track and we journo types showed up. Estoril got repaved. What does that mean? No grip. Like none, especially on the model-specific Pirelli Trofeo Rs the SVJ comes on/used to whoop butt on the ’Ring. What to do? Lamborghini removed the fancy shoes and replaced them with P Zero Corsas. The result? Still not very much traction. Oh dear.

What’s a 759-horsepower psychopath like on an unfamiliar racetrack? Quite the handful! The biggest improvement to me going from SV to SVJ is the engine’s increased torque. Not only is there more of it, but the extra twisting force also shows up earlier, as it’s very easy to keep the big V-12 over 4,500 rpm. Perhaps too easy. Previous Aventadors were always fast cars, but unless you were using Thrust mode—the brand’s hysterically named launch control—it took a few moments for the car to engage. Not anymore. Although not quite electric, the SVJ scoots. This proved to be quite a handful on what was the equivalent of a slick track. Does the SVJ oversteer? Understeer? Track true? Based on what I experienced at low speeds, all of the above. But again, the surface was awful.

High speeds are an entirely different matter. I’m lucky enough to have driven the Centenario LP 770-4, Lambo’s super-limited, $2.2 million big-downforce hypercar, which can and should be thought of as a predecessor to the SVJ. The Cent also produced 759 horsepower (though it got there more through exhaust rerouting), came with rear-wheel steering, used nostrils on the hood to divert air up and over the car, had underbody smoothing and a massive rear diffuser, and had active aerodynamics in the form of a massive, hydraulically controlled carbon-fiber rear wing. “Now,” I said of the Cenenario, “you have to learn to trust the car, to trust the aero. The quick steering and revised suspension allow you brazenly to toss the two-ton monster into a corner. Then, for a brief moment, the Centenario feels as if it’s going to continue sliding. However, in a beat the aero catches the car, and you find yourself glued. The aero in conjunction with rear-wheel steering is a game changer.” You can nearly apply that entire quotation to the Jota, with one big caveat.

Here’s the difference between the Centenario and the SVJ: The Jota’s active aero works much quicker. This sentence—“Then, for a brief moment, the Centenario feels as if it’s going to continue sliding”—does not apply. Entering the kink at speed that makes up Turn 5 at Estoril is a revelation. The SVJ doesn’t just feel stable. It feels battened down, rooted, anchored. Even on such a low-grip surface. To me, it’s a shocking sensation to experience in a street car. It’s instant, too. Even though you’re turning the wheel, the SVJ feels like it’s riding a roller coaster track.

The big bull does have a weakness, and it’s braking, specifically the feel of the brake pedal, as well as diminishing downforce as speeds decrease. In other words, the pedal is wooden and the rear end squirms around a tad too much, especially when you’re get the beast whoaed down from 177 mph in time for a second-gear right-hander that constitutes Estoril’s Turn 1. Part of the problem is ABS tuning, but the other part is Lamborghini’s insistence in keeping the brakes feeling like a street car despite the SVJ’s track prowess. Hey, no car is perfect, and the Jota’s high-speed stability more than makes up for the less than perfect brakes. The stability is incredible, actually.

Speaking of incredible, unlike every other American “journalist” who drove the Aventador SVJ in Portugal, I went a day later on a video wave. As a result, although I got about half the track time of everybody else, I got to drive the Jota around the not-so-mean streets of Cascais. After what seemed like hours of low-speed loafing along the coast, it was time to head back to the track. Two things you should know. The first is that Lamborghini stressed that they really, really (perhaps three reallys) wanted us back at the track by 3:30 pm. The second is that they assigned us a motorcycle cop to assist us with filming. Block traffic in roundabouts—that sort of thing.

Around 3, we wrapped up filming, and it was time to head back. The officer suddenly, just like that, took off. Like floored it. Gone, baby, gone. I could have stayed and waited for my video crew and Wazed back to the circuit. My other option was to do what I did. Hey man, I was sitting in a half-million-dollar Italian hypercar, bored silly from low-speed video nonsense, and simply said some profane iteration of, “Oh, why not?” I followed the cop. Within a minute I’m behind this freak of a bike cop, seeing 185 kilometers per hour (115 mph) on the speedo as we weave in and out of traffic. I know on one hand it’s wrong, but on the other hand, he’s the law! This guy’s so dedicated that he’s actually shooing other cars out of the way. Wish I had video! Rest assured, we made it back well before 3:30 pm. The most amazing part? I never said so much as a word to the officer. I did give him a thumbs-up once we were on the paddock, and he returned the gesture.

I bring this wonderful, admittedly less than smart anecdote because holy wow dude is the SVJ righteous on the street! With no traction issues whatsoever, the car just rocked, and rocked in a way that I’ve never experienced before. Confidence doesn’t even begin to describe it. I suddenly felt like a superhero, not only invincible but also with all this insane weaponry at my fingertips. What would Batman drive? The latest and greatest V-12 beastie from Sant’Agata, obviously. If I had a cape I would.

We recently named the Lamborghini Huracan Performante our 2018 Best Driver’s Car. Because both the Performante and the SVJ feature ALA and are extreme, reworked versions of the “base” cars, it’s reasonable to think that the Jota is just a big, V-12-powered Perf. Not even a little bit. The Performante is to some degree a fantastic sports car. Rewarding, neutral, balanced—all that stuff. The SVJ is something else entirely. It’s a 10,000-volt fist to the face, a flaming baseball bat to the skull, a bomb in bomb’s clothing. Does it have a shot at next year’s Best Driver’s Car? I dunno, as it’s a probably bit too big, a bit too blunt. The Aventador SVJ is, however, a lock to be voted car most likely to beat up the 2019 Best Driver’s Car. Sign me up.

Speculation: What we think we know about the next V-12 Lamborghini

The Lamborghini Aventador is approaching the end of its life. First launched in 2011 as the replacement for the Murcielago, the Aventador is the fourth iteration of the longitudinally mounted mid-engine V-12 Lambos. (Yes, the Miura had a V-12 behind the driver, but it was transverse.) The Murcieago was the first raging bull designed fully under the auspices of Audi, Lamborghini’s parent company ,and had a nine-year life span. If there’s one thing you can count on when it comes to Teutonic companies, it is predictability. As such, the Aventador has two more years to go before we its replacement goes on sale.

The next V-12 will be the first Lamborghini designed completely by the brand’s new, as of March 2016, chief designer, Mitja Borkert. Mitja (pronounced Meecha, like nice to meet ya) has of course been involved with cars released since he’s been on board—the Centenario Roadster was the first Lambo he did any work on, and of course the Urus has his fingerprints on it. Never forget, however, that designs are usually locked years before you see them. Speaking of seeing, every time I see Borkert, I implore him to make sure that when a young child sees the next V-12, said kid jumps in the air, waves his or her arms, and starts screaming. That’s known as the Countach effect. Luckily, Borkert has a young son, and he assures me that this will be the case. Additionally, Borkert has some real chops. While at Porsche he designed both the Panamera Sport Turismo and the Misson E Concept, now known as Taycan. Borkert’s Terzo Millennio Concept is pretty smoking hot, too.

One of the perennial complaints about the Aventador is the ISR single-clutch transmission. No matter what, the ISR isn’t great to drive at low speeds. Head of R&D Maurizio Regionni explained that when they began designing the Aventador back in 2008, dual-clutch transmissions were not so good, and those that could hope to handle the Aventador’s power and torque (like the Ricardo dual-clutch in the Bugatti Veyron) were prohibitively expensive (ahem—like the Ricardo dual-clutch in the Bugatti Veyron). You can’t just swap one out for the other—the ISR’s housing is long and skinny, whereas a dual-clutch box tends to be squat and fat. You can expect the next V-12 to have either a dual-clutch or an automatic transmission. Manual? No way.

The car will be a hybrid. Natural aspiration has become a Lamborghini brand value. Sadly, Lambo is close to the limit of what they can squeeze out of a naturally aspirated engine. The solution to more power is to go electric. Expect the hybrid motor to be in the transmission and mode dependent. So if you enter a city where gas-burning vehicles are banned (coming sooner than you think!), the new Lambo can putz around in electric mode. Put the car in sport, and the extra electric torque can be sent just to the rear axle. Track mode allows the torque to be meted out to whichever axle needs the boost the most. How much power are we talking? LP 900-4 has a nice ring to it (900 or so combined ponies).

In exactly the same way that the Centenario previewed the Aventador SVJ, you can expect an upcoming though not officially announced final Aventador product to preview the next V-12 car. So in about a year Lamborghini will release another ultra-limited super, duper car. I hear that upfront it’s a mashup of the Aventador and the Urus. Interesting, to say the least. And it will be a hybrid.

The post 2019 Lamborghini Aventador LP 770-4 Superveloce Jota First Drive appeared first on Motor Trend.

Categories: Property

2018 Dodge Durango 4 R/T Long Term Update 6: Uconnect Bonding

Motortrend News Feed - Wed, 10/10/2018 - 09:00

As I type this, Dodge has just asked for its Durango back, and I’ve just begged to keep it a few weeks longer for Verdict photography and other cathartic rituals—like detailing it as though I were preparing to sell it myself. Interestingly, even a full year into my ownership experience, I’m finding new surprises and delights. This time while sitting in the stationary but running Dodge during a hot summer conference call that required my parking under the cell tower up the road from Ghibli Shores, I found myself poking around in the electronic owner’s manual.

What a boon it is to be able to search, via voice or touchscreen keyboard, for topics using keywords of my choosing, not the obscure ones dreamed up by the editors of every paper owner’s manual index I’ve wrestled with. You can also search by major topics like vehicle operation, maintenance, radio/phone/navigation, and emergency/support. There’s even a giant icon glossary that explains every image adorning a switch, decal, idiot light, or molded plastic part on the car. The system lets you save items you may need to refer to frequently on a favorites page. I saved the sections on fuses, tire pressures, and towing. Oh, and if you were wondering, during that 1-hour 38-minute static air-conditioning session, the computer’s reported fuel economy average dropped from 19.8 to 16.7 mpg.

During parts of the teleconference that didn’t pertain to me I schooled myself on recreational towing. The ability to flat-tow the Durango behind an RV is a unique selling proposition pertaining only to 5.7-liter V-8 AWD models like ours with the two-speed active on-demand all-wheel drive MP 3022 transfer case that Jeep markets as Selec-Trac II. That’s because this one offers a “neutral” setting, and the procedure for engaging neutral involves 14 steps that scroll down three screen pages interrupted by two yellow boxes describing the dire consequences of overlooking a step. Operating the neutral switch requires a ballpoint pen or unwound paper clip­—like resetting your Wi-Fi router at home. This eliminates the possibility of inadvertent engagement, and an orange light flashes while a shift is in progress, glowing solid (or switching off) when completed. Engaging neutral took about 4 seconds; disengaging took just over a second.

Another late discovery—the master climate-control screen, which is needed to override the automatic air distribution mode, which I sometimes needed to send defogging air to the windshield while still warming my feet. It’s on the second (swipe left) Uconnect Apps screen. Upon discovering it in this inconvenient location, I pressed and held the icon, then moved it to the main menu bar below (where I’d always expected to find it), swapping out the driver seat-heat shortcut button. This tablet-like behavior is why we continue to praise the Uconnect operating system.

Read more about our 2018 Dodge Durango R/T long-termer:

The post 2018 Dodge Durango 4 R/T Long Term Update 6: Uconnect Bonding appeared first on Motor Trend.

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