Theresa May announces £2bn social housing fund

Property Week News Feed - 8 hours 27 min ago
The prime minister will call on housing associations to lead their own major developments today when she announces £2bn of new funding to support social housing.
Categories: Property

PHP buys Northumberland keyworker asset

Property Week News Feed - 9 hours 48 min ago
Primary Health Properties (PHP) has paid £22.8m for a keyworker accommodation unit near Ashington, Northumberland.
Categories: Property

NewRiver wins management of Canterbury’s Whitefriars Shopping Centre

Property Week News Feed - 9 hours 56 min ago
NewRiver has signed an asset management agreement with Canterbury City Council to manage Whitefriars Shopping Centre.
Categories: Property

Triple Point launches share issue and placing to fund acquisitions

Property Week News Feed - 10 hours 4 min ago
Triple Point Social Housing REIT has launched a share issue to raise up to £154.5m to fund an aggressive acquisition programme up to the end of the year.
Categories: Property

First SpaceX Moon Tourist Yusaku Maezawa is an Avid Car Collector

Motortrend News Feed - Tue, 09/18/2018 - 23:31

Japanese billionaire Yusaku Maezawa has been chosen as SpaceX’s first private passenger. Maezawa will fly around the moon on SpaceX’s upcoming Big Falcon Rocket in 2023. The lucky space tourist posed with SpaceX founder and fellow billionaire Elon Musk ahead of the announcement this week (pictured in the Tweet below). Why should any of this matter to you? Because Maezawa also happens to be an avid car collector who owns some of the world’s rarest, most expensive vehicles.

Hanging out with @yousuck2020 before the @SpaceX moon mission announcement

— Elon Musk (@elonmusk) September 18, 2018

Maezawa founded the online retail fashion company Zozo, which offers among other things a service called Zozosuit that lets customers self-measure themselves at home and mail away for a custom-fit suit. That may not sound like an idea that would make you billions of dollars, but nevertheless, Maezawa landed in 18th place on Forbes’ 2018 list of the 50 richest people in Japan. The publication pegged the 42-year-old’s net worth at $2.7 billion.

It should come as no surprise that anyone with that much money would have a few expensive cars, but Maezawa’s collection includes some extremely rare and noteworthy pieces. According to Reuters, the Japanese billionaire owns a Bugatti Chiron—likely one of the only examples in Japan. Meanwhile, his Instagram account is filled with photos of his Mercedes-Maybach G650 Landaulet, the ultra-luxurious convertible version of the G500 4×4² that was limited to just 99 units.

View this post on Instagram

すごいの出るみたい。 G650 Landaulet #g650landaulet

A post shared by Yusaku Maezawa (@yusaku2020) on Feb 10, 2017 at 5:50am PST

Maezawa also commissioned a custom Pagani Zonda called the Zonda Zozo, but that multi-million-dollar coupe was destroyed in a crash in 2016. Losing a one-off supercar would understandably devastate any car lover, but at least Maezawa has an Aston Martin One-77, plus a Valkyrie on order, to console him.

View this post on Instagram

#pagani #zonda #zondazozo

A post shared by Yusaku Maezawa (@yusaku2020) on Aug 14, 2015 at 1:09am PDT

It’s unknown exactly how much Maezawa paid for the first commercial trip around the moon, which will include passage for himself and six to eight invited artists, but he told Reuters the cost was “much higher” than the record-breaking $110 million he paid for a Jean-Michel Basquiat painting last year. Sounds like he may have to cut back on the supercars for a while.

Source: Reuters, Forbes

The post First SpaceX Moon Tourist Yusaku Maezawa is an Avid Car Collector appeared first on Motor Trend.

Categories: Property

2019 BMW Z4 sDrive30i Detailed, Launches in March

Motortrend News Feed - Tue, 09/18/2018 - 23:01

The 2019 BMW Z4 was unveiled last month sporting an aggressive look that takes the roadster in a bold new direction. But until now, BMW has been light on details, especially regarding the base engine option.

On sale starting March 2019, the 2019 Z4 will initially launch with the sDrive30i variant, which is powered by a turbocharged 2.0-liter I-4 rated at 255 hp and 295 lb-ft of torque. The Z4 M40i will follow afterwards in the second quarter packing a 3.0-liter turbo I-6 that has now been confirmed to make 382 hp and 369 lb-ft, the same as the prototype we drove earlier this year. An eight-speed automatic will be the only transmission available. BMW says the Z4 sDrive30i can hit 60 mph in 5.2 seconds while the M40i will do the deed in 4.4 seconds.

Compared to its predecessor, the 2019 Z4 is 3.3 inches longer, 2.9 inches wider, and 0.5 inch taller. However, its wheelbase is 1.0 inch shorter. The car rides on a new platform with double-jointed front spring struts and a five-link rear suspension, which BMW says is a first for its roadster lineup. Suspension components are now made of aluminum to help cut weight. To further improve handling, the Z4 will come standard with a new steering system with variable power assist and ratio to improve precision and ease low-speed maneuvering. Of course, the Z4 is best known to Toyota fans as the jointly developed platform-mate to the Supra.

To distinguish the Z4 M40i from the less power Z4 sDrive30i, it gets an adaptive M suspension with a 10-mm lower ride height, M Sport brakes, and an M Sport differential as standard. These features are also available on the Z4 sDrive30i as options. Three modes will be available, including Comfort, Sport, and Sport+. Electronically controlled dampers come with the M Sport suspension, which enables the driver to pick between a softer ride or sharper handling. All 2019 Z4s will come standard with 18-inch alloy wheels, and if you pick the optional 19s, you also get staggered-width summer tires that are wider at the rear.

Standard active driver assistance tech includes collision warning, automatic emergency braking, pedestrian detection, and lane departure warning. Blind spot warning, adaptive cruise control with stop and go function, rear cross-traffic alert, and a new rear collision protection system are optional.

BMW will also allow buyers to customize their Z4s via their Individual program, allowing them to choose colors like Frozen Grey on M Sport models or opt for a soft top with with a silver effect. Other options include dual-zone climate control, interior ambient lighting, and a 12-speaker Harman Kardon audio system.

BMW’s iDrive interface comes standard on the 2019 Z4 and can be had with a 10.25-inch touchscreen when you opt for the optional navigation system. It’ll also be available with BMW Cloud storage, which enables drivers to take their infotainment settings from one BMW vehicle to another. Two USB ports comes standard and cars with the built-in navigation system get 20 GB of storage. The 2019 Z4 will be one of the first BMWs to feature remote software updates, allowing the car to refresh its software over-the-air or via a smartphone.

Inside, the 2019 Z4 has a slick-looking interior with a futuristic dash and an available 12.3-inch digital gauge cluster. Sport seats come standard and now have rails that are 0.9 inches longer to provide more range for adjustment. Trunk space has also increased to 9.9 cubic feet regardless of whether the top is up or down. A ski pass-through is optional for added practicality.

Source: BMW

The post 2019 BMW Z4 sDrive30i Detailed, Launches in March appeared first on Motor Trend.

Categories: Property

Ferrari Debuts Monza SP1 and SP2

Motortrend News Feed - Tue, 09/18/2018 - 18:49

Ferrari not only launched a new, limited edition duo of supercar barchettas with the Monza SP1 and SP2, but it also launched a fourth pillar of the brand. The house that Enzo built is calling the latter Icona—Italian for Icon—and if the Monzas are any sort of indication, expect to see some radical Ferraris in the future. But I’m jumping ahead. Let’s look at the Monzas.


What Are They?

Barchetta means “boat tale” in Italian, but Ferrari is using the term to mean a vehicle without a traditional windscreen. Both versions of the Monza come with a Virtual Windscreen, a carbon fiber hoop in front of the driver that diverts air up and over one’s head. You’ll probably want to wear a helmet anyhow, but luckily a custom fit one by Berluti comes with the car. You get a pretty nifty driving suit by Loro Piana, too.

Ferrari’s design team looked to the past—specifically the 166 MM and the 750 Monzo—for inspiration. But they did not want to go retro. All they wanted to take from the old cars was purity of line, harmony of shape, and the “Symbiosis between driver and car.”


Are They Fast?

Uh, yeah! Under the long hood sits a modified version of the screaming 6.5-liter V-12 from the 812 Superfast. In the Monza it makes 809 horsepower, up by 30 from 789 hp. The gains are mostly achieved via variable length intake ducts. Torque stays steady at 530 lb-ft. The chassis is in fact the aluminum undercarriage from the 812. The body, however, is mostly carbon fiber pieces with bits of Kevlar tossed in here and there. Ferrari says it’s fifteen percent lighter than aluminum panels.

Ferrari says 0-62 mph happens in 2.9 seconds, and 0-124 mph happens in 7.9 seconds. Top speed is greater than 186 mph. Probably much greater.


Why Two Versions?

If you like driving around with your friend, you’re going to want to opt for the Monza SP2, as it has two seats. Happiest by yourself? Opt for the monoposto, the single seater SP1, as there is literally no passenger seat. I’m not even sure the door opens (it probably does) but the space where the passenger seat would sit is encased by a tonneau cover. This is the one I would get. The SP1 is lighter than SP2 (Ferrari is claiming a “dry weight” of 3,306 pounds for the one seater, and 3,351 pounds for the duoposto. Also, “dry weight” is Italian for hahahahaha!!).


How Many Are They Building?

Great question. Less than 500 between the two models, and they will let customer demand determine the mix. If everyone listens to me, there will be no SP2s built save for the black one they showed. However, I’d imagine most customers are going to be a touch more mature and opt for the second seat. What a pity. Only time will tell.


How Much?

Ferrari won’t say officially until the Paris Motor Show, but I think $2,000,000 a pop is a pretty safe bet. A bargain, too, when compared to a limited edition like say the F60 America, which went for $2.5 million and was essentially just an F12 with the roof hacked off. Though Ferrari did only build 10. But hey, back to the Monzas. You get a free leather-wrapped carbon fiber helmet plus other clothing! Not the worst deal ever.


A New Pillar?

Yes—Ferrari now consists of four pillars: Sport, which is made up of 488 and 812 (as well as an upcoming mid-engine supercar); GT, which consists of Portofino, Lusso, and the upcoming SUV-ish vehicle, now called Purosangue; Special Series, including cars like Pista and the previous F12 TdF; and the new pillar, Icona, which for now only has the new Monza in its stable. Ferrari would not announce the cadence of offerings, but did say that going forward, Special Series and Icona will make up about 5 percent of the company’s sales volume each. Sport cars will be 50 percent, and GT machines will be the remaining 40 percent. Until the Purosangue shows up in 2021 for the 2022 model year and changes everything.

In other news…

Ferrari will bring out 15 new products from 2019 through 2022. And by 2022, 60 percent of Ferraris will be hybrids. We’ll see two flavors of the mid-engine Ferrari: a replacement for the 488 and a supercar above that—but not a hypercar.

The post Ferrari Debuts Monza SP1 and SP2 appeared first on Motor Trend.

Categories: Property

FCA Confirms Ram Midsize Pickup

Motortrend News Feed - Tue, 09/18/2018 - 18:00

We’ve long known that Jeep will have a pickup based on the current generation JL Wrangler. For a few years now, we’ve also heard rumblings of a Ram midsize pickup. Now, suppliers have confirmed to Automotive News that Ram will build its own midsize truck, and it will be body-on frame.

The suppliers revealed that Ram’s midsize pickup won’t be unibody as previously imagined, meaning it won’t be based on the Fiat Toro or the Ram 750 sold in Latin American markets. FCA’s new CEO, former Jeep and Ram boss Mike Manley, has disclosed plans of a midsize Ram pickup but didn’t reveal many details. However, he did say to expect the vehicle to arrive in 2020 as a 2021 model for the U.S. market.

FCA’s Toledo, Ohio plant, which is currently shut down for retooling since April of this year, will build Ram’s midsize truck alongside the Wrangler-based pickup. The report notes that the Jeep pickup isn’t expected to sell in high volumes like the Wrangler, allowing FCA to utilize the Toledo plant’s underused capacity by building Ram’s midsize offering. Before it closed for retooling, FCA’s Toledo facility had the capacity for 160,000 units, but it regularly produced well over 230,000 examples of the previous generation JK Wrangler every year.

The last time Ram had a midsize truck in its lineup was back in 2011 when it sold the Dakota. Before the Ram brand’s split from Dodge, the Dakota was sold for three generations with the first appearing in the 1987 model year. The third generation, which was sold from the 2005 to 2011 model years, was closely related to the Mitsubishi Raider and was offered with a choice of six- or eight-cylinder engines.

Source: Automotive News (Subscription required)

The post FCA Confirms Ram Midsize Pickup appeared first on Motor Trend.

Categories: Property

Taunton given green light for Coal Orchard scheme

Property Week News Feed - Tue, 09/18/2018 - 17:44
Taunton Deane Borough Council has approved plans to regenerate Taunton’s riverside, which have been brought forward by the council and Mace Group.
Categories: Property

2019 Subaru Ascent crossover SUV crashes well, scores Top Safety Pick+

The Car Connection News Feed - Tue, 09/18/2018 - 17:42
The 2019 Subaru Ascent earned top marks from the IIHS, the insurance industry-funded crash testers said Tuesday. In its barrage of crash tests, the IIHS said that the 2019 Ascent earned "Good" marks in every test. Additionally, the IIHS said that the Ascent's child-seat anchors rated "Good" and that its automatic emergency braking rated...
Categories: Property

Tatton Group makes three appointments and relocates

Property Week News Feed - Tue, 09/18/2018 - 17:37
The Tatton Group has made three new appointments and moved to a new head office near Manchester Airport as it gears up for a period of growth.
Categories: Property

Cargo in-car convenience store brings snacks and gum to your Uber

The Car Connection News Feed - Tue, 09/18/2018 - 17:12
On your way to a date or business meeting in the back of an Uber and realize your breath could use freshening up? A new service called Cargo has a solution for that. According to CNBC, the start up aims to put fully-stocked boxes of snacks, toiletries, and more on the center consoles of ride-sharing vehicles, allowing users to purchase items...
Categories: Property

Volkswagen Debuts MEB Platform for Electric Vehicles

Motortrend News Feed - Tue, 09/18/2018 - 17:00

In Dresden, Germany, Volkswagen unveiled the platform that will underpin a proposed 10 million electric vehicles across its various brands. This platform will first appear underneath the Volkswagen I.D. set to enter production at the end of next year.

Designed specifically for electric vehicles, the MEB architecture can accommodate both small and large vehicles, and it makes it possible to install large batteries in the floor. An e-motor can sit at the front or the rear of the platform. Thanks to the flexibility of MEB, VW plans to achieve mass economies of scale. The platform also supports fast charging; VW says the battery can be replenished up to 80 percent in around 30 minutes.

VW says it will have 27 different models on the MEB platform worldwide across four of its brands by the end of 2022. After the I.D. hatch, which isn’t coming to the U.S., the I.D. Crozz crossover, I.D. Buzz van, and I.D. Vizzion sedan will enter production on the MEB platform. I.D. models will be produced in Volkswagen’s Zwickau plant in Germany, set to become the brand’s first dedicated EV plant.

But MEB won’t be the automaker’s only platform for electric vehicles. Porsche’s upcoming electric sports car sits on a platform it developed in house called J1, while the Audi E-Tron Quattro uses a modified version of the MLB-evo platform seen on the A4 and other VW Group models. From around 2022 onward, Volkswagen will replace this platform with a new architecture called PPE, tailored for large, higher-performance luxury vehicles.

Source: Volkswagen

The post Volkswagen Debuts MEB Platform for Electric Vehicles appeared first on Motor Trend.

Categories: Property

Cloudscraper hires CPPIB's head of European CRE debt

Property Week News Feed - Tue, 09/18/2018 - 16:55
Cloudscraper has hired the Canada Pension Plan Investment Board’s head of European commercial real estate debt as its global head of capital markets.
Categories: Property

Hanro and iMpeC Developments unveil plans for 12,000 sq ft Durham office

Property Week News Feed - Tue, 09/18/2018 - 15:49
Hanro and iMpeC Developments have unveiled plans for a 12,000 sq ft office building in Durham—one of the first speculatively-developed Grade A offices in the city in more than a decade.
Categories: Property

10,000 Mini Cooper Countryman crossover SUVs recalled over missing part

The Car Connection News Feed - Tue, 09/18/2018 - 15:35
A plate that protects their fuel pumps from being punctured in a crash prompted BMW on Tuesday to issue a recall for 10,000 Mini Cooper Countryman crossover SUVs. The recall covers 2017 through 2019 Countryman models. To fix the issue, BMW-parent Mini said in government filings with the NHTSA that it will install the correct crash protection...
Categories: Property

Hermes and CPPIB put South Bank Central on the market for £280m

Property Week News Feed - Tue, 09/18/2018 - 15:32
Hermes and Canada Pension Plan Investment Board (CPPIB) have put the South Bank Central development on the market for £280m.
Categories: Property

2019 Nissan Pathfinder, Ram 2500 Power Wagon, Audi e-tron debuts: What's New @ The Car Connection

The Car Connection News Feed - Tue, 09/18/2018 - 15:30
More features bump 2019 Nissan Pathfinder price to $32,225 The 2019 Nissan Pathfinder costs about $200 more than last year's model, but it now includes rear parking sensors and USB Type C ports. Audi dabbles in $1,395 monthly subscription program Audi earlier this month kicked off a trial subscription program in the Dallas area. For $1,395...
Categories: Property

German co-working provider enters UK with plans to build £500m business

Property Week News Feed - Tue, 09/18/2018 - 14:07
Co-working and co-living provider rent24 is expanding in the UK and Ireland, taking a majority stake in London-based The Brew and outlining plans to grow the co-working firm dramatically, Property Week can reveal.
Categories: Property

Aprirose sells 76 King Street for £18.25m

Property Week News Feed - Tue, 09/18/2018 - 14:03
Aprirose has sold the freehold interest of a central Manchester building to HPPUT for £18.25m.
Categories: Property