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2018 Ford Mustang Starts at $26,485

Motortrend News Feed - Tue, 07/25/2017 - 22:24

Pricing for the 2018 Ford Mustang has been released, revealing a starting price of $26,485 with destination for the EcoBoost fastback coupe with a six-speed manual transmission, which replaces the V-6 as the base model. That represents an increase of $400 over the previous V-6, though it’s $610 less than the 2017 EcoBoost. Pricing for the Mustang GT fastback coupe, on the other hand, jumps $1,900 to $35,995.

The 2018 Mustang EcoBoost convertible start at $31,985, which is $5,500 more than the fastback coupe. Standard equipment includes two USB ports, keyless entry/start, a 4.2-inch screen in the center stack, Ford’s Sync multimedia system, a rearview camera, and 17-inch alloy wheels. All 2018 Mustangs will also get a line lock feature as standard so you can execute easy burnouts regardless of engine choice. The 2.3-liter EcoBoost turbo-four received some minor updates that increase its torque to 350 lb-ft. Power, however, remains at 310 hp. Ford says the the refreshed Mustang EcoBoost will be able to hit 60 mph in under 5.0 seconds in Drag mode.

Step up to the Mustang GT and you’ll get an updated 5.0-liter V-8 now rated at 460 hp and 420 lb-ft, an increase of 25 hp and 20 lb-ft, respectively. The increase also helps the Mustang GT do 0-60 mph in under 4.0 seconds with the optional 10-speed automatic and Drag mode engaged. The GT comes with the same standard features as the EcoBoost but adds LED fog lights, larger brake rotors, and quad exhaust tips. Should you want a GT convertible, you’ll have to pay $45,495, which is $9,995 extra over the GT fastback coupe. However, the Mustang GT convertible is only available in the Premium trim, which adds Apple CarPlay and Android Auto integration, a nine-speaker audio system, Ford’s Sync 3 multimedia interface, an 8.0-inch touchscreen, dual-zone climate control, heated and cooled front seats, and illuminated door sills.

Available go-fast options include a new 10-speed automatic that was co-developed with GM, and Magnetorheological shocks. Navigation, a Shaker premium audio system, Recaro seats, racing stripes, alloy wheels ranging from 18 to 20 inches in diameter, a heated steering wheel, two-tone leather upholstery, and a reconfigurable 12-inch LCD cluster are also available. Ford also makes a full suite of active safety features available on the 2018 Mustang regardless of transmission choice and it includes adaptive cruise control, automatic emergency braking, pedestrian detection, lane keeping assist, and automatic high beams.

Like its predecessor, the 2018 Mustang can be had with a Performance package in both EcoBoost and GT models. The EcoBoost Performance package adds 19-inch alloy wheels wrapped in summer performance tires, a Torsen limited-slip differential with a 3.55 axle ratio, larger brake rotors, a rear wing on fastback coupes, heavy-duty front springs, a unique chassis calibration, large rear anti-roll bar, and a specially tuned stability control, electric power steering system, and anti-lock brakes. The more powerful Mustang GT’s Performance package builds on the EcoBoost Performance package with six-piston Brembo front brakes, a larger radiator, a K-brace, a strut-tower brace, and a 3.73 axle ratio for the limited-slip differential when equipped with the standard six-speed manual. Mustang GTs with the Performance package feature a 3.55 axle ratio with the optional 10-speed automatic.

Source: Ford

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2018 IndyCar Unveiled and Ready for Testing

Motortrend News Feed - Tue, 07/25/2017 - 21:30

Advancements in aerodynamics have made race cars quicker, but they’ve also made it harder for drivers to pass one another. This is down to the aerodynamic wash that these cars create cutting through the air. And while Formula 1 is still struggling to come to a consensus on aero rules, IndyCar has put itself at the forefront of making open-wheel racing more entertaining, with more passing ability, via a new aero package for the 2018 season.

The new aero package for both Honda and Chevrolet came about under the leadership of Jay Frye, IndyCar’s president of competition and operations; Bill Pappas, IndyCar’s VP of competition/race engineering; Tino Belli, IndyCar’s director of aerodynamics; and Dallara, the series’ chassis supplier to both Chevrolet and Honda. This effort was made to save both engine manufacturers nearly $12 million on the development of their own respective aero kits and possibly entice other engine manufacturers to join IndyCar.

The Dallara-sourced DW-12 chassis remains largely untouched since its 2012 introduction. The chassis itself will go on until 2021 when Dallara introduces a brand new chassis the company is currently developing. However, there are some new elements, including a roll hoop that disappeared with the ChampCar series. The engine intake has also been moved from atop the race car to the car’s new sidepods, and there’s a host of new telematics that help spectators and race teams alike follow their favorite drivers. The biggest difference from last year, however, is the simpler aero.

Staying away from the F1 formula, the new IndyCar aero kits have been highly revised and reduced to be simpler and produce less turbulence behind the cars. The front wing is smaller, as is the rear wing which sees a more drastic reduction in size from the previous year. Additionally, the sidepods are larger. Downforce won’t be lost though, as the engineers switched the primary downforce generation from wings, winglets, and dive planes, to ground effects and the IndyCar’s floor.

IndyCar’s engineers also state that the race car’s new aero kits will be safer than the previous seasons as there are fewer pieces to fly off and scatter when collisions and accidents occur. Furthermore, the new aero design allows for a windscreen to be added to the design if IndyCar, like Formula 1, decides to implement further cockpit safety technologies.

Both Chevrolet and Honda appear to be looking forward to the new aero designs. “Chevrolet’s IndyCar fans will continue to have a great deal to cheer about in 2018. While we enjoyed tremendous success with the Chevrolet-specific aero kit, we are looking forward to the next chapter of competition as IndyCar introduces its universal aero kit,” said Mark Kent, director of Chevrolet motorsports competition, in a release.

“We’re excited to see the 2018 Indy car body kit on track. It looks great, with a return to a more traditional Indy car overall design, but with many forward-thinking elements and still incorporating the great advances in safety the series has made in recent years. It looks fast, as it should. We think the fans will love it, too,” furthered Art St. Cyr, president of Honda Performance Development.

Testing these new aero kits begins this week at Indianapolis Motor Speedway for super speedway testing, and then heads to Mid-Ohio Sports Car Course for road course testing on August 1.

Source: IndyCar

Photos courtesy of IndyCar.

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Categories: Property

Tesla Model S 75 RWD to be Discontinued

Motortrend News Feed - Tue, 07/25/2017 - 20:30

Tesla is discontinuing the cheapest Model S, the 75 RWD, to further differentiate it from the upcoming Model 3. According to Electrek, the Model S 75D will be the new base model and will be priced from $74,500 including destination, $5,000 more than the 75 RWD. With the discontinuation of the Model S 75 RWD, all Model S sedans will come with a two-motor setup and put power down through all four wheels.

The move to discontinue the Model S 75 RWD was likely made to create some more room between the Model S and Model 3. Electrek also reports that in addition to the single-motor, rear-drive setup, the Model 3 will offer a dual-motor, all-wheel-drive version. However, Tesla CEO Elon Musk told Electrek that the early production run will consist only of rear-drive, single-motor variants to streamline production. Earlier this year, Tesla dropped the Model S 75 RWD’s price by $7,500. Tesla confirmed the discontinuation of the Model S 75 in an email to Motor Trend.

In addition to the discontinuation of the Model S 75 RWD, a report from Bloomberg states that customers who put down $1,000 deposits to reserve a Model 3 are getting impatient due to the long wait and lack of information from Tesla. The report continues by stating that some customers that did put down a deposit are considering canceling and looking into a Model S or Model X instead. Bloomberg notes that Tesla is expected to reveal more information about the Model 3 this Friday.

Source: Electrek, Bloomberg

 

The post Tesla Model S 75 RWD to be Discontinued appeared first on Motor Trend.

Categories: Property

Subaru Breaks Four-Door Nurburgring Lap Record

Motortrend News Feed - Tue, 07/25/2017 - 19:30

Subaru set out to capture the Nürburgring lap record for a four-door car, and it has done just that with a time of 6 minutes, 57.5 seconds in the WRX STI Type RA NBR Special.

Keep in mind that this isn’t a production car record, as the WRX STI Type RA NBR Special is a highly prepared Nürburgring attack dog. The production four-door Nürburgring record still belongs to the Alfa Romeo Giulia Quadrifoglio. Built by Prodrive, a group of engineers with countless awards and trophies, the time-attack race car is equipped with a rally-spec 2.0-liter Boxer engine that sends more than 600 hp to Subaru’s Symmetrical All-Wheel Drive system. Yowza!

The STI’s motor was fortified and given a turbocharger that runs 25 psi of boost. In addition to the fresh engine, Prodrive installed a full FIA roll cage, a World Rally Championship gearbox, 9-inch-wide Dunlop tires wrapped around Speed Line wheels, and an aero package that creates nearly 650 pounds of extra downforce at top speed, which has been upped to 179 mph.

The rear wing additionally has a Formula 1-style Drag Reduction System that either stalls or drops the rear wing to create more downforce in the corners or less on the straights for higher top speeds.

“We brought the WRX STI Type RA NBR Special here to set a record and call attention to the WRX STI Type RA that we will launch later this year. The WRX STI Type RA promises a great deal, with improved performance and styling and even better handling dynamics than the current car,” said Dominic Infante, Subaru’s product communications manager.

The record beats a host of production supercars, including the Lamborghini Aventador SV, Mercedes-AMG GT R, a Dodge Viper ACR, the current-generation 911 GT3, and ties the million-dollar Porsche 918 Spyder. And according to Infante, the only reason Subaru ceased its quest was because the team ran out of tires. “We had another second or so in there,” he said after the lap record fell.

Subaru says a video of the lap record will launch soon and we can’t wait to see the in-car footage.

Source: Subaru

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Categories: Property

Segro’s shares jump

Property Week News Feed - Tue, 07/25/2017 - 18:51
Shares in Segro were up 2.87% after the industrial and logistics giant posted 5.4% growth in EPRA net asset value per share in its interim results.
Categories: Property

Cancer Research & British Council take pre-lets at IQL

Property Week News Feed - Tue, 07/25/2017 - 18:48
Cancer Research UK and the British Council have completed pre-let agreements to relocate their headquarters to Lendlease and LCR’s International Quarter in Stratford.
Categories: Property

One-off Mercedes E-Class All-Terrain 4×4² is a Serious Off-Road Wagon

Motortrend News Feed - Tue, 07/25/2017 - 18:30

Sometimes you just have to build it yourself. Jürgen Eberle, a design engineer at Mercedes-Benz and his team created a mean-looking rock crawler: the E-Class All-Terrain 4×4².

Before you bust out your checkbook, you should know that it’s only a one-shot and currently not for sale — yet. Eberle tells Autocar the extreme E-Class crawler was inspired by the G500 4×4². He says he wanted to see if a similar vehicle could be made using the G500’s portal axles grafted in place of the All-Terrain’s multi-link set-up.

It took several months to build the E-Class All-Terrain, which has more than double the ride height. The fender flares are made of carbon fiber and ground clearance is now nearly 16 inches. It rolls on 20-inch, off-road-oriented wheels and the overall track is now 8 inches wider.

“The idea excited me right from the start and initial test drives of the All-Terrain 4×4² at the new testing and technology center in Immendingen are demonstrating promising off-road characteristics,” Michael Kelz, E-Class chief engineer, tells the publication.

“Thanks to the suspension lift with portal axles, the All-Terrain 4×4² is able to cope with even the nastiest rocky and stony runs – it’s a really skillful scrambler.”

It looks like the perfect weekend getaway vehicle too. Let’s hope Mercedes-Benz green lights a limited run for production.

Source: Mercedes-Benz, Autocar

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Categories: Property

First regional acquisition for Martin’s Properties in Sevenoaks

Property Week News Feed - Tue, 07/25/2017 - 18:30
Martin’s Properties has acquired a £7.14m multi-let office building at 16 South Park in Sevenoaks from the Milton Group, marking the investment and development company’s first acquisition outside London.
Categories: Property

2018 Ford Focus

The Car Connection News Feed - Tue, 07/25/2017 - 18:23
The 2018 Ford Focus has broad appeal, maybe too broad to digest at a glance. Commuting daily? There’s a Focus for that. Into the gas-mileage lifestyle? There’s one of those, too. How about shredding tires as a part of your daily ablutions? Check. The Focus family runs the gamut from miserly sedans and hatchbacks to legitimate track...
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GM Addressing Changing Market to Keep Profits Flowing

Motortrend News Feed - Tue, 07/25/2017 - 17:42

General Motors continues to take proactive and evasive action to ensure sales and profits remain intact even as U.S. auto sales level off and consumers increasingly choose crossovers and SUVs over cars.

In announcing second-quarter earnings today, Chairman and CEO Mary Barra assured investors the automaker is remaining disciplined by reducing production and keeping incentives from piling up and eating into the bottom line as automakers fight for share in a declining sales market.

Incentives were actually down from the first quarter, Barra said, as sales remain on pace in North America.

GM does have more than a 100-day supply of inventory, but volumes will go down in the second half of the year with 13 weeks of downtime planned. Some of that is to curb bloated car inventory and some is retooling, including the plants that make the full-size Chevrolet Silverado and GMC Sierra pickups.

GM will bring inventory back to the industry norm of a 70-day supply by the end of the year, said GM Chief Financial Officer Chuck Stevens. The downtime will reduce production by about 150,000 vehicles, many of them slower-selling cars.

Barra said retail sales of crossovers had their best quarter ever, and the automaker is well poised with four new CUVs coming. Almost the entire crossover lineup has been updated including the Chevrolet Equinox and GMC Terrain and the larger Chevy Traverse, Buick Enclave, and GMC Enclave.

The CEO did not go into specifics about plans to pare the car lineup. The Detroit News cites sources who say a number of nameplates could be discontinued in the next few years including the Chevrolet Impala, Buick LaCrosse, Cadillac XTS, and the tiny Chevrolet Sonic. The Chevy Volt could be replaced by a hybrid crossover or SUV.

Barra said the automaker recently launched new compact and midsize architectures for vehicles such as the Chevy Cruze and Malibu, and the platforms should last for two or more life cycles and be flexible enough to accommodate crossovers. “We have taken an over-the-horizon look at where we are going, and the architectures leave us well-positioned as the market transforms,” including rolling out new crossovers to capitalize on that growth.

GM is not alone. Ford will stop making the Focus in North America and import the small car from China. A new Fiesta has been introduced for the rest of the world—but not North America. The full-size Taurus was also updated for China only, suggesting it will eventually be imported as well, or discontinued altogether. And the C-Max will go away, but Ford has new electrified crossovers planned to fill that gap.

And Fiat Chrysler Automobiles CEO Sergio Marchionne has famously said sedans are not good business. He reduced his car portfolio to large sedans including the Chrysler 300 and Dodge muscle cars. Hyundai has dropped the full-size Azera.

Meanwhile, Barra noted that the Bolt EV goes on sale nationwide on August 1, and the car is pulling in many customers new to the Chevy brand. And GM has a test fleet of 180 autonomous vehicles testing in the dense traffic of downtown San Francisco. GM believes plug-in hybrids and electric vehicles are the best vehicles for autonomous driving, and they are equipped with a full sensing suite that includes Lidar. The Super Cruise hands-free technology on the Cadillac CT6 underwent a final 160,000-mile validation prior to launch this fall.

GM reported net income of $1.66 billion for the quarter, down 42 percent, but the results include a $770 million loss because the automaker no longer has operations in Europe with the decision to sell them to the PSA Group. GM had $37 billion in revenue. The profit driver is still North America where pretax earnings fell by $270 million to $3.48 billion. And China had record sales for the quarter.

 

 

 

 

 

 

 

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Categories: Property

Mazda CX-8 is CX-9’s Smaller, Japan-Only Three-Row Sibling

Motortrend News Feed - Tue, 07/25/2017 - 16:45

The Mazda CX-8 has debuted ahead of its official on-sale date later this year, revealing a smaller three-row crossover specifically for the Japanese market. Although it has the same 115.3-inch wheelbase as the larger CX-9, the CX-8 will slot below it in size, measuring 193 inches long, 72.4 inches wide, and 68.1 inches tall. In comparison, the CX-9 is 198 inches long, 77.5 inches wide, and 69 inches tall.

Like the CX-9, Mazda is aiming for a more premium look with the CX-8 to convey its status as the brand’s flagship in its home market. The latest iteration of Mazda’s Kodo “Soul of Motion” design language will give the car an upscale exterior.

Mazda’s 2.2-liter Skyactiv-D turbodiesel I-4 coupled to a six-speed automatic transmission will be the sole powertrain option for the CX-8, the same engine that will be available in the CX-5 later this year. Unlike the CX-9, which seats seven, the CX-8 will be available with a six- or seven-passenger configuration. In a previous teaser, the CX-8 with a six-seat configuration has second-row captain’s chairs and a center console with storage between them. Expect Mazda to officially reveal the rest of the details regarding the CX-8 at this year’s Tokyo auto show.

Source: Mazda

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Categories: Property

Daimler will 'upgrade' 3 million Mercedes-Benz diesels in Europe (and maybe some in the U.S.)

The Car Connection News Feed - Tue, 07/25/2017 - 16:42
The past couple of years haven't been kind to diesels or the companies that make them. Among the hardest hit have been German manufacturers like Volkswagen, which has coughed up over $22 billion in fines and fixes so far, with many more opportunities for payouts down the road. (That said, U.S. automakers haven't gotten off scot-free: Fiat Chrysler...
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2017 McLaren 570S Spider First Drive Review

Motortrend News Feed - Tue, 07/25/2017 - 15:55

Going topless on the beach seems to be an inherent way of life in the sun-soaked city of Barcelona. It’s the perfect backdrop for McLaren to introduce the drop-top member of the Sports Series family, the 570S Spider.

McLaren touts this as a “convertible without compromise,” pointing to the near-identical performance data of the 570S Coupe and its Spider counterpart. The McLaren 570S is indeed one impressive machine, having won our Best Driver’s Car shootout last year. But numbers can only tell part of the story—a convertible usually comes with its own unique characteristics, not to mention tradeoffs. So is this a clever piece of marketing speak, or has McLaren managed to pull off a topless wonder?

Like the rest of the McLaren lineup, the 570’s name derives from its European power output: in this case, 570 PS. Despite having similar displacement and output to V-8 engines from Audi and Mercedes, the twin-turbo flat-plane crank 3.8-liter mill in the McLaren has a character all its own, but it still puts down impressive numbers, with 562 horsepower and 443 lb-ft of torque.

McLaren has never built a nonturbo engine, and the company says this gives it a leg up on developing and refining both the technology and sound characteristics of its powertrains. Even with the unique-to-Spider sound tube piping in noise from the engine bay—part of the $4,090 Sports Exhaust package—this V-8 isn’t very V-8-y, lacking a telltale muscular burble. When it’s lugging in a high gear, low in the rev range, the sound is not unlike a diesel four-cylinder. Whip it into shape, however, and it adopts that familiar Formula 1-derived wail.

But any V-8 suggests torque, and this is where the 570S Spider could use a pick-me-up—peak torque isn’t delivered until a lofty 5,000 rpm. Nail the throttle while cruising, and it takes a second for the powertrain to get its act together. The seven-speed “Seamless Shift” dual-clutch gearbox belies its labeling, stumbling down a few gears while the engine builds boost. But once everything comes together, all is right with the world, and scenery passes by faster than your peripheral vision can make sense of it. This engine is happiest when it’s alert—keep it spinning above 4,000 rpm for near-instantaneous response. It sounds better up there, anyway.

Compared to the 570S Coupe, the Spider’s only real performance change comes in the way of a 9.6-second jaunt from 0 to 124 mph, which is one-tenth of a second slower; the all-important 0-60 time of 3.1 seconds remains intact. Speaking of seconds, the power-retractable roof takes just 15 to stow behind the cabin, though with it down, top speed is limited to 196 mph. Put the roof back up, and you’re rewarded with the same 204-mph top speed as the Coupe.

Removing a car’s roof almost always corresponds to adding weight, as strange as that might be. It’s true here—the trick top mechanism adds 101 pounds. But it’s all situated in the most ideal part of the car: its center. No additional chassis bracing is required given the one-piece design of the carbon-fiber monocoque underpinnings. The result is fun in the sun without a severe weight penalty. To butcher a phrase from Colin Chapman, “Add light.”

Forward visibility is fantastic. The hood drops out of the way immediately, leaving the driver with a panoramic view out the windshield. And though the open roof means an abundance of sky, the twin air intakes behind the headrests and low seating position make the side mirrors your best bet for actually seeing what’s behind you. The seats themselves offer a proper amount of lateral support, holding you in place even as the wind plays tug-of-war with your hair.

The Spider’s forward momentum capabilities are impressive, but the standard carbon-ceramic brakes promise to counteract all of it in short order. Assertive stopping requires a stout foot. McLaren trades up-front grabbiness for a solid, linear feel throughout pedal travel. The lack of initial bite takes some getting used to, but stomp on those clampers, and you’ll have more than enough braking power should you find yourself blasting down a lovely Spanish backroad when a tractor suddenly swings wide into your lane. (Ask us how we know.)

The steering is similarly impressive: firmly weighted, providing a linear response with no dead spot on center. Assistance remains delightfully old school—hydraulic rather than the electric setups of many modern cars. That’s a deliberate choice, McLaren says, because it communicates the best possible feel. We’re inclined to agree.

This theme of engaging solidity seems to carry through every input. Inside the cabin, switches and knobs move with a decisive metallic fluidity. Initiating directional changes, especially, is a rewarding exercise in tactile weightiness. Porsche, take note: this is how a turn signal stalk should feel in a $200,000 car. McLaren is proud of its interiors, especially the switchgear, which is unique to this company and not borrowed from anyone else’s parts bin. It makes for a rare—and distinctive—cabin experience, especially when compared to, say, the Mercedes bits found inside an Aston Martin DB11.

But it’s not all perfect, as evidenced in the difficult-to-read infotainment screen. Small by modern standards, the vertically oriented, 7.0-inch screen’s biggest fault is that you can’t read it with polarized lenses, a trait shared with the rest of the McLaren lineup. Plus, open the roof and even partial sunlight renders the screen fully unreadable. Thankfully, there’s a bit of redundancy to be found in the instrument panel, but the navigation display there offers only the sparsest of instructions. Plan your turns carefully.

Doused in Curacao Blue (a color that’s unique to the Spider), this 570S feels every bit worth its $208,800 price tag. Optional goodies here include the beautiful—but highly unnecessary—12-speaker Bowers & Wilkins stereo ($2,280), which makes a striking visual impression even if we question its purpose in a mid-engine convertible. Perhaps your add-on money is better spent on things such as carbon-fiber racing seats ($6,200) or a track telemetry system ($4,220) with three cameras that also aids in all-around visibility. Or go the bespoke route, and create a Spider through a breadth of practically limitless customization options in the McLaren Special Operations catalog.

It’s hard to believe McLaren has only been selling cars to the public for 20 years and has done so without the assistance of industry heavyweights. For enthusiasts, that’s part of the draw, and it’s what makes the Spider such a distinctive choice in the sports car space. Even as the product line expands, McLaren promises to remain “fiercely independent,” which means we’ll see a lot more originality in its future.

That’s fine with us because it’s this originality that breeds wonderful creations such as the new 570S Spider. A convertible without compromise? OK. But we’d prefer to simply call it a sports car without compromise instead—a sports car that just happens to offer a retractable roof.

The post 2017 McLaren 570S Spider First Drive Review appeared first on Motor Trend.

Categories: Property

2018 BMW M2

The Car Connection News Feed - Tue, 07/25/2017 - 15:54
The most basic of the M cars, the M2 might also be the best. That’s because it delivers sensation with performance, making it a true driver’s car. In this case, less is more. The M2 is offered as just one model, with one engine, two transmissions, few options, and a minimum of electronics settings. It’s the type of car that...
Categories: Property

2017 Dodge Challenger recalled to fix transmission glitch

The Car Connection News Feed - Tue, 07/25/2017 - 15:44
Fiat Chrysler Automobiles is recalling the 2017 Dodge Challenger to address a problem with the car's transmission. A software glitch could allow owners to think their vehicle is in park when in fact, it's not. This isn't the first issue that FCA has had with shifters in recent years. An electronic shifter manufactured by ZF confounded many...
Categories: Property

Chrysler Pacifica vacuum, Mazda CX-8, VW's Electrify America plan: What’s New @ The Car Connection

The Car Connection News Feed - Tue, 07/25/2017 - 15:30
2017 Chrysler Pacifica Limited long-term test: how much does the vacuum suck? You get to feeling old when you realize that, Back In Your Day, kids didn't eat in the car. 18th Takata death likely in Australia; Ford asks not to recall 2.5 million airbags deemed unsafe Another death may be linked to Takata's fatally flawed airbags. An Australian...
Categories: Property

LXi to fund new Travelodge, KFC & Costa for Camborne

Property Week News Feed - Tue, 07/25/2017 - 14:49
LXi REIT has exchanged contracts to provide forward funding for the development of a new Travelodge hotel, drive-through Costa coffee shop and drive-through KFC restaurant in Camborne, Cornwall.
Categories: Property

UBS completes £26m Old Street acquisition

Property Week News Feed - Tue, 07/25/2017 - 13:46
UBS Asset Management’s Real Estate & Private Markets (REPM) business has completed the acquisition of Churchill House in Old Street for £25.9m, representing a yield of 4.3%.
Categories: Property

Michael Kors set to walk off with £896m Jimmy Choo acquisition

Property Week News Feed - Tue, 07/25/2017 - 13:38
Fashion brand Michael Kors has reached an agreement to buy British fashion house Jimmy Choo for £896m, in a deal which will see Michael Kors take on its 12 UK stores and concessions.
Categories: Property

Green light for Genr8's Hilton Garden Inn in Stoke

Property Week News Feed - Tue, 07/25/2017 - 13:25
Stoke-on-Trent City Council has given planning consent for a 140-bedroom hotel to be built at Genr8 Developments’ £170m Smithfield mixed use development.
Categories: Property

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