Property Week News Feed

Property Week News Feed
Updated: 1 hour 52 min ago

RDI secures £75m loan

Wed, 06/05/2019 - 08:07
RDI REIT has refinanced its London serviced office portfolio with a new £75m financing facility.
Categories: Property

Derwent launches £175m convertible bonds

Wed, 06/05/2019 - 08:00
Derwent London has launched £175m of convertible bonds alongside the repurchase (of the outstanding £150m bonds.
Categories: Property

Arcadia brands set for administration within 24 hours if CVAs voted down

Wed, 06/05/2019 - 06:55
Arcadia’s advisor Deloitte has drawn up papers to put the troubled group’s high street retail brands into administration as early as Thursday morning should its cost-cutting proposals not gain support from creditors today.
Categories: Property

High noon approaches for Sir Philip

Tue, 06/04/2019 - 14:54
Sir Philip Green is locked in eleventh hour talks today in an attempt to save his Arcadia retail empire from collapse ahead of tomorrow’s midday gathering of retail landlords and other creditors.
Categories: Property

FCA reveals new P2P rules days after Lendy collapses

Tue, 06/04/2019 - 13:47
The Financial Conduct Authority (FCA) has introduced new rules governing the peer-to-peer (P2P) lending sector just days after one of the biggest P2P property lenders Lendy fell into administration.
Categories: Property

Councils to be required to report CIL deals with developers

Tue, 06/04/2019 - 13:46
Councils will be required to report how much developers are paying in Community Infrastructure Levies (CIL) and what the money is spent on, under new rules proposed by the government.
Categories: Property

Max Taylor passes away aged 90

Tue, 06/04/2019 - 13:12
Max Taylor, the former senior partner at Grimley & Son, has passed away at the age of 90.
Categories: Property

Lenders braced for uptick in refinancing deals

Tue, 06/04/2019 - 12:42
Lenders are having to grapple with unprecedented levels of disruption and uncertainty at a time when the volume of debt due for repayment is on the rise, according to Savills’ Financing Property presentation this morning.
Categories: Property

Edinburgh Airport development site comes to market

Tue, 06/04/2019 - 12:20
A huge mixed-use development site next to Edinburgh International Airport has come to the market.
Categories: Property

BREEAM to include residential in operation benchmark

Tue, 06/04/2019 - 12:16
BRE’s sustainability benchmark for the operation of real estate, BREEAM In-Use, will be updated to include all residential buildings from autumn this year.
Categories: Property

RDI Reit given green light for 127 Charing Cross Road extension

Tue, 06/04/2019 - 09:59
RDI Reit has been granted planning permission for a three-storey extension to a West End office building.
Categories: Property

Weston Homes gains planning for £350m Barking scheme

Tue, 06/04/2019 - 09:53
Housebuilder Weston Homes and the Estates & Agency Group have received planning permission to regenerate the six acre Abbey Retail Park in Barking into a new £350m riverside urban village.
Categories: Property

L&G makes biggest regional office sale this year

Tue, 06/04/2019 - 09:50
LGIM Real Assets (Legal & General) has sold Priory Court & The Lewis Building in Birmingham to Gulf Islamic Investments (GII) for around £140m.
Categories: Property

NAV dips at Palace Capital

Tue, 06/04/2019 - 08:41
Palace Capital has posted a 1.6% fall in net asset value (NAV) for the year to the end of March.
Categories: Property

NewRiver sells in Llanelli

Tue, 06/04/2019 - 08:22
NewRiver has sold a 70,000 sq ft Asda foodstore and petrol filling station at St Elli Shopping Centre, Llanelli to a private investor for £17.9m.
Categories: Property

Intu appoints CFO

Tue, 06/04/2019 - 07:50
Intu has appointed former Crest Nicholson director Robert Allen, as its chief financial officer (CFO).
Categories: Property

JR Capital and Chancerygate launch £100m industrial fund

Mon, 06/03/2019 - 14:19
Investment company JR Capital has partnered with industrial developer Chancerygate to raise a £100m fund for investment in the UK multi-let industrial sector.
Categories: Property

​Amazon to launch pop-up retail stores for small businesses

Mon, 06/03/2019 - 13:23
Amazon has launched a programme to give small online brands the opportunity to sell their products on the high street via pop-up shops.
Categories: Property

Purplebricks 'in play' as Axel Springer doubles stake

Mon, 06/03/2019 - 13:03
German media giant Axel Springer has more than doubled its stake in Purplebricks, paving the way for a potential takeover of the troubled online estate agent.
Categories: Property

Food hub to open at 22 Bishopsgate

Mon, 06/03/2019 - 12:25
AXA IM – Real Assets has announced it will open a 20,000 sq ft food hub at its 22 Bishopsgate office scheme.
Categories: Property