Property Week News Feed

Property Week News Feed
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Updated: 53 min 27 sec ago

Linkedin signs pre-let on Farringdon office

Mon, 09/17/2018 - 10:16
Linkedin Technology UK, a subsidiary of the company behind the professional networking website, has pre-let the entire 83,000 sq ft office space at Viridis Real Estate Services’ The Ray in Farringdon.
Categories: Property

LendInvest completes £30.5m fundraising

Mon, 09/17/2018 - 09:55
LendInvest has raised $39.5m (£30.5m) through a debt and equity funding round ahead of its initial public offering.
Categories: Property

AustralianSuper and TH Real Estate provide £280m development loan

Mon, 09/17/2018 - 09:00
AustralianSuper has teamed up with TH Real Estate to provide a £280m development facility to Malaysian conglomerate MTD Group for One Crown Place in London.
Categories: Property

REI poised to pounce on Brexit bargains with £30m war chest

Mon, 09/17/2018 - 08:48
Birmingham-based Real Estate Investors (REI) has revealed it has a £30m war chest ready to take advantage of any downturn due to Brexit negotiations.
Categories: Property

Standard Life Investments PIT posts steady half year figures

Mon, 09/17/2018 - 08:36
Standard Life Investments Property Income Trust (PIT) has posted a net asset value total return of 5.6% for the six months to the end of June, driven by outperforming property portfolio.
Categories: Property

St Modwen appoints Danuta Gray as next chair

Mon, 09/17/2018 - 07:48
Danuta Gray, the former chief executive of Telefónica O2 in Ireland, is set take the chair of St Modwen Properties.
Categories: Property

RICS service charge requirements target 'rogue' commercial landlords and agents

Mon, 09/17/2018 - 06:04
The Royal Institute of Chartered Surveyors (RICS) has launched new mandatory requirements for landlords and agents that will ensure service charges for commercial tenants are “transparent, upfront and fair”.
Categories: Property

Government tells councils to consider affordable housing ‘covenants’ for BTR schemes

Fri, 09/14/2018 - 17:11
Councils should consider applying covenants that require owners of build-to-rent developments to make more affordable housing contributions if they offer units for private sale soon after completion, according to new government planning guidance.
Categories: Property

Osborne and Co selected as development partner for Santander technology HQ

Fri, 09/14/2018 - 13:51
The newly-formed Osborne and Co has been selected as development partner on Santander’s new technology HQ in Milton Keynes.
Categories: Property

HIMOR gets green light for 212,000 sq ft industrial scheme in Carrington

Fri, 09/14/2018 - 13:31
Developer HIMOR has been granted planning permission for a 212,000 sq ft industrial scheme that will form the fist phase of its Future Carrington regeneration project in Carrington, Greater Manchester.
Categories: Property

Leeds council approves X1's £210m city centre scheme

Fri, 09/14/2018 - 13:23
Leeds City Council has given the green light to X1 South Bank, a £210m mixed-use development in the city centre.
Categories: Property

Singaporean investor CDL buys Aldgate House for £183m

Fri, 09/14/2018 - 12:53
Singaporean investor City Developments Limited (CDL) has completed its £183m acquisition of Aldgate House, London from Hermes Investment Management and Canada Pension Plan Investment Board (CPPIB).
Categories: Property

House prices could fall 35% after no-deal Brexit, Carney warns

Fri, 09/14/2018 - 12:31
Bank of England governor Mark Carney has told the government that house prices could fall by as much as 35% in the three years after a no-deal Brexit, according to reports.
Categories: Property

Thor completes £49m sale of 151 Wardour Street

Fri, 09/14/2018 - 12:19
Thor Equities Europe has closed on the sale of 151 Wardour Street in Soho for £49m, a year-and-a-half after buying the building for £43m.
Categories: Property

NAV nudges up at Triple Point

Fri, 09/14/2018 - 08:11
Triple Point Social Housing REIT had reported a slight increase in net asset value for the six months to 30 June.
Categories: Property

Harwood to raise £175m in resi float

Fri, 09/14/2018 - 00:00
The real estate arm of Harwood Capital, the fund manager led by JO Hambro founder Christopher Mills, has unveiled plans to raise £175m for a residential REIT
Categories: Property

Elliott bets against leading UK propcos

Fri, 09/14/2018 - 00:00
Elliott Capital Advisors, the hedge fund that built up a 5% stake in Hammerson earlier this year, is now betting millions of pounds on a fall in the share price of Landsec and British Land
Categories: Property

Network Rail agrees £1.46bn arches sale

Fri, 09/14/2018 - 00:00
Buyers Telereal Trillium and Blackstone write open letter to reassure tenants
Categories: Property

IPF report points to bleak outlook for the retail property sector

Fri, 09/14/2018 - 00:00
The outlook for retail property has deteriorated sharply over the past quarter, according to the IPF UK Consensus Forecasts report
Categories: Property

Debenhams set to close stores after calling in KPMG

Fri, 09/14/2018 - 00:00
Debenhams’ chairman confirmed this week that the department store chain would close stores after calling in KPMG to advise on its options.
Categories: Property

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