Property Week News Feed

Property Week News Feed
Updated: 2 hours 12 min ago

Axflow letting takes Slough Trading Estate to near full occupancy

Mon, 04/23/2018 - 17:20
Leading specialist pump supplier Axflow has signed a 15 year lease for a 14,400 sq ft unit at the Slough Trading Estate.
Categories: Property

Trio of new participating partners in shake-up at Montagu Evans

Mon, 04/23/2018 - 15:55
Planning consultancy Montagu Evans has announced 27 promotions across the firm, including seven promotions at partner level.
Categories: Property

BMO REP brings in Akrap as Euro logistics manager

Mon, 04/23/2018 - 15:24
BMO Real Estate Partners has expanded its logistics focus with the appointment of Alexandre Akrap as new European logistics manager.
Categories: Property

Israeli investor snaps up £43m Uxbridge office campus

Mon, 04/23/2018 - 15:15
An Israeli investor has acquired an office campus in Oxford Road, Uxbridge, from Legal & General for £43m.
Categories: Property

Lok'nStore reports 21.3% profit rise for interim results

Mon, 04/23/2018 - 13:08
Lok’nStore has reported a 5.7% revenue rise for its interim results up to 31 January 2018, while pre-tax profit totalled £2.55m, up 21.3% on the year before.
Categories: Property

Countryside teams up with Hackney Council on Tower Court estate

Mon, 04/23/2018 - 13:05
Countryside has signed a development agreement with Hackney Council to deliver 132 homes at the former Tower Court estate in Stamford Hill.
Categories: Property

PLA praises proposed revisions to counteract 'staircase tax'

Mon, 04/23/2018 - 12:54
The government has amended its draft bill on business rates in multi-occupied properties ahead of its second hearing in the House of Commons.
Categories: Property

Gazeley acquires 19-acre Northants site for spec dev

Mon, 04/23/2018 - 12:51
Industrial developer Gazeley has acquired a 19-acre redevelopment site at Moulton Park in Northamptonshire and outlined plans to speculative develop a trio of warehouses at the renamed G Park Northampton.
Categories: Property

LSH appoints new head of office agency

Mon, 04/23/2018 - 12:46
Lambert Smith Hampton (LSH) has appointed Ryan Dean as its new national head of office advisory – replacing Tony Fisher who is relocating to head up LSH’s South West offices operation in Exeter.
Categories: Property

Orega extends co-working space at Colmore Building

Mon, 04/23/2018 - 09:47
Owner AshbyCapital has signed shared workspace operator Orega to an expanded letting at The Colmore Building in Birmingham.
Categories: Property

Aggressive US hedge fund takes aim at Hammerson

Mon, 04/23/2018 - 09:00
American vulture hedge fund Elliott has revealed it has snapped up a 1.5% stake in Hammerson, sparking speculation its founder Paul Singer is seeking a shake-up in the board’s strategy and management.
Categories: Property

Workspace buys final two Centro buildings in Camden

Mon, 04/23/2018 - 08:20
Workspace Group has paid £76.5m for Centro 1 and 2, completing its acquisition of all seven Centro buildings in Camden, London.
Categories: Property

GPE sells West End scheme to M&G for £50m

Mon, 04/23/2018 - 08:06
Great Portland Estates (GPE) has sold its mixed-use scheme at 78-92 Great Portland Street and 15-19 Riding House Street to M&G Real Estate for £49.6m.
Categories: Property

Capita launches £701m rights issue

Mon, 04/23/2018 - 07:54
Troubled outsourcing group Capita has launched a heavily discounted £701m rights issue in an effort to repair its balance sheet.
Categories: Property

Sigma acquires £31m dev sites for PRS REIT

Fri, 04/20/2018 - 13:29
Developer Sigma Capital has acquired a trio of PRS development schemes in the North West and Midlands.
Categories: Property

Sweet deal sees Choccywoccydoodah secure first London location

Fri, 04/20/2018 - 13:22
Shaftesbury has signed specialist chocolaterie Choccywoccydoodah for a London flagship at 27 Shorts Gardens at Seven Dials.
Categories: Property

Grainger refinances with £350m bond issue

Fri, 04/20/2018 - 13:11
The UK’s largest listed residential landlord Grainger has issued a £350m senior bond aimed at cutting the cost of its debt.
Categories: Property

M&G unveils plans for £100m Glasgow office development

Fri, 04/20/2018 - 13:00
M&G Real Estate has unveiled plans for a new £100m office development in Glasgow, which will provide 277,500 sq ft of grade A space over 12 levels.
Categories: Property

Green light for East Croydon station resi-led redevelopment

Fri, 04/20/2018 - 12:34
Joint venture partners Menta and housebuilder Redrow have received planning permission to develop a major new infrastructure and residential-led regeneration scheme which will create a new station entrance to East Croydon Station.
Categories: Property

Birmingham resi values grow 31% in five years

Fri, 04/20/2018 - 12:12
Average residential values in Birmingham have grown by 31% in five years, causing the traditional city centre boundaries to expand, according to Savills.
Categories: Property