Cheyne Capital loans £47m for new Student Roost scheme

Property Week News Feed - Mon, 05/10/2021 - 14:48
Alternative asset manager Cheyne Capital Management has provided a £46.5m senior development loan to finance a Student Roost PBSA development in Brighton.
Categories: Property

Ford recalls more than 650,000 Explorers for faulty roof rail covers

The Car Connection News Feed - Mon, 05/10/2021 - 14:41
Ford on Monday announced the recall of certain trims of the 2016-2019 Ford Explorer three-row SUV for a roof rail cover that can detach while driving and create a hazard for other vehicles. Roof rail covers on base, XLT, Police, and Sport models might not be properly seated or the retention pins might not hold down the covers as designed...
Categories: Property

Cromwell places St Johns Centre on the market for £33m

Property Week News Feed - Mon, 05/10/2021 - 14:06
St Johns Centre, one of the largest mixed-use developments in Leeds, has been placed on the market for £33m.
Categories: Property

JP Morgan snaps up €540m logistics portfolio from Mountpark

Property Week News Feed - Mon, 05/10/2021 - 14:02
J.P Morgan Global Alternatives has acquired a €540m (£465m) logistics portfolio from Mountpark Logistics EU Sarl, in a deal that is thought to be one of Europe’s largest logistics transactions in the last 12 months.
Categories: Property

Go-ahead for Fulwood Central retail park extension

Property Week News Feed - Mon, 05/10/2021 - 13:59
Preston City Council has greenlit plans for the extension of Fulwood Central retail park in Lancashire which will see the creation of a mixed-use scheme of retail, commercial, co-working space and a food hall.
Categories: Property

Are Hydrogen and Fuel Cells Finally—Finally!—Ready For Prime Time?

Motortrend News Feed - Mon, 05/10/2021 - 13:00

I’ve subscribed to the theory that “hydrogen is the fuel of the future (and always will be)” for most of my 30 years on this beat, but a confluence of recent developments suggests maybe we’re nearing a tipping point for the universe’s smallest known molecule.

Accelerated development of fuel cells for use in heavy-duty trucking promises to boost infrastructure and bring the economies of scale needed to hasten light-duty fuel cell electric vehicle (FCEV) adoption. Proliferation of renewable energy is increasing demand for ways to store surplus grid power, which can be done using hydrogen, and a novel means of inexpensively producing green hydrogen is emerging.

National Renewable Energy Laboratory senior research fellow and fuel cell group manager Bryan Pivovar tipped me off to this tipping point during a recent panel discussion on Autoline Detroit. His lab has teamed with five other national labs on the HyBlend project to investigate blending up to 20 percent hydrogen into the natural gas infrastructure. With said hydrogen being produced by electrolysis from surplus solar and wind energy, the project could lower the carbon footprint of the natural gas infrastructure.

The HyBlend project will spend two years assessing the safety and efficiency of such hydrogen/methane blends, as hydrogen has lower energy density and is more explosive than methane. It will also study the effect these smaller H2 molecules, which are also three times “more permeable,” have on the pipelines themselves. Such blending would create a market for clean hydrogen accessible via the nation’s $1 trillion natural gas infrastructure while we work to expand our currently meager 1,600-mile hydrogen pipeline network.

Toyota, Hyundai, Daimler, and Volvo all have heavy-duty fuel cell trucks in the works. Initial applications will concentrate on local delivery and port drayage utilizing central fleet refueling, but long-haul hydrogen trucking will follow. During an expected million-mile service life, a long-haul diesel truck typically burns fuel costing three times the tractor’s purchase price. Because FCEV tractors promise far greater efficiency, the powertrain can be considerably more expensive than a diesel engine and still make economic sense over that life cycle. For light-duty vehicles, the lifetime ratio of fuel cost to vehicle purchase price ratio is closer to 1:1, so economies of scale from heavy applications are needed to help lower the powertrain cost. But fleet refueling and shared ownership models could also hasten adoption of light-duty FCEVs.

Meanwhile, Proton Technologies of Calgary, Canada, has developed an “ox-injection” means of extracting pure hydrogen from abandoned oil and gas wells in a process that leaves harmful CO2 and syngas safely sequestered in the ground. It starts by cryogenically separating liquid oxygen from the air. This oxygen then flash-evaporates at sufficient pressure to force it down into the well, where it bubbles up through the water at the bottom of most wells. At the water/oil (or gas) interface, it oxidizes, creating heat and steam that powers the gasification, pyrolysis, aquathermolysis, and water-gas shift reactions that liberate the hydrogen. Such underground combustion has assisted oil production for years, with the hydrogen being vented or flared. Now, a palladium alloy catalyst/chemical filter allows only hydrogen to flow to the surface, trapping everything else underground.

Powering the ox-injection operation entirely with hydrogen produced on site keeps things greener and the costs low. Production costs are estimated to be less than $0.20 per kilogram—well below the $2.00 to $3.00 per-kilogram cost of producing hydrogen via steam-methane reformation and way below the $16.70 per kilo we recently paid to “gas up” a Toyota Mirai. Ox-injection-generated hydrogen is also drastically cheaper than gas and diesel. (Remember, we didn’t switch from whale oil to crude oil to save the whales.)

Of 50,000 global oil fields, more than half are depleted and/or abandoned, most with half or more of their original oil or gas in place. Best of all: Many of these potential ox-injection sites are close to population centers and energy infrastructure, which simplifies transportation.

Hydrogen may not yet make economic sense as a transportation fuel on its own. Establishing a hydrogen infrastructure capable of storing surplus green energy may not make sense on its own, either. But add them together and tap a network of abandoned oil wells to produce clean, cheap hydrogen, and the fuel of the future’s future starts looking nearer than ever.

Read More Columns by Frank Markus:

The post Are Hydrogen and Fuel Cells Finally—Finally!—Ready For Prime Time? appeared first on MotorTrend.

Categories: Property

Citrus Durham launches Integra 61 Site to market

Property Week News Feed - Mon, 05/10/2021 - 12:14
Citrus Durham has appointed Savills to market a residential site for up to 120 homes at its flagship £300m mixed-use Integra 61 development.
Categories: Property

Is The 2021 Honda Ridgeline’s HPD Package Worth It?

Motortrend News Feed - Mon, 05/10/2021 - 12:00

According to Honda’s research, exterior styling and vehicle image matter a lot to the under-40 crowd, and that’s a crowd it would love to sell a whole lot of 2021 Honda Ridgelines to. To sweeten the appeal, Honda’s introduced an HPD appearance package for the refreshed Ridgeline, but at $2,800, is it the best way to spend your money?

HPD stands for Honda Performance Development, the company’s racing division in North America, but we should say right up front the HPD package does not bestow any performance improvements on the Ridgeline. Here’s what you get: those cool bronze wheels, the ridiculous unpainted plastic fender flares, a more aggressive grille, HPD stickers on the sides of the bed, and an HPD badge on the tailgate.

If all that sounds good to you, it’s your money. If you ask us, though, it’s a lot of scratch for some wheels, flares, and stickers. Especially considering Honda will sell you the same wheels in black for $1,800. And honestly, you can buy a set of wheels from a big name brand for less than that. Although it’ll be a hot minute before aftermarket companies develop and roll out new accessories for the 2021 Ridgeline, it’s likely you’ll be able to buy bolt-on fender flares and bed stickers for a lot less than the $1,000 you’d have left over after going with the black wheels from Honda.

In fact, if you can live with the standard wheels, there are other Ridgeline packages available that add a lot more function to your new truck. The Rugged Utility package buys you roof rails and crossbars for hauling more stuff, a divider system for the in-bed trunk, and a rear under-seat storage system for $961. The Function package gets you the trunk dividers, a trunk cargo net, a bed cargo net, and a first-aid kit for $270, and the Function+ package adds a hard tonneau cover for the bed and bumps the price to $1,315. We think running boards are unnecessary on a truck this size, but if you want them, you can get them in the Utility package paired with the roof racks for $1,465.

Point is, there are a lot of good ways to spend more of your money kitting out a new 2021 Honda Ridgeline. Honda offers plenty of factory- and dealer-installed accessories that make the truck even more functional, and some that make it look cooler, too. The Ridgeline’s HPD package is a lot of money for a bit of pizzazz and no additional function. We say spend your money elsewhere.

The post Is The 2021 Honda Ridgeline’s HPD Package Worth It? appeared first on MotorTrend.

Categories: Property

Magdalen College to sell 40% stake in Oxford Science Park

Property Week News Feed - Mon, 05/10/2021 - 11:31
Magdalen College Oxford has appointed Cushman & Wakefield to find a strategic partner for The Oxford Science Park (TOSP).
Categories: Property

GCW appoints three new associate directors

Property Week News Feed - Mon, 05/10/2021 - 10:43
GCW has promoted Archie Morriss, Holly Kiely and Rupert Rudkin to associate directors.
Categories: Property

JD Sports snaps up Oi Polloi

Property Week News Feed - Mon, 05/10/2021 - 10:32
JD Sports has snapped up Manchester-based clothing retailer Oi Polloi.
Categories: Property

Safestore gets revenue boost in second quarter

Property Week News Feed - Mon, 05/10/2021 - 10:14
Safestore raised its earnings outlook for the full year on improved trading momentum in its second quarter.
Categories: Property

Sidra Capital snaps up Countryside HQ in Brentwood

Property Week News Feed - Mon, 05/10/2021 - 10:00
Saudi-based investment management firm Sidra Capital has bought Countryside’s HQ in Brentwood for £19m.
Categories: Property

AEW snaps up Windsor Yards shopping centre

Property Week News Feed - Mon, 05/10/2021 - 09:55
AEW UK Investment Management (AEW) has bought Windsor Yards shopping centre in Windsor on behalf of its Urban Real Estate Strategy (UREF).
Categories: Property

Discount chain JTF Central reveals plans for 50 new stores

Property Week News Feed - Mon, 05/10/2021 - 09:52
New discount retail chain JTF Central has unveiled plans to open 50 stores across Britain.
Categories: Property

Legal & General Capital hires new head of sustainability

Property Week News Feed - Mon, 05/10/2021 - 09:51
Legal & General Capital has appointed John Alker as its new head of sustainability.
Categories: Property

Delancey boosts capital markets team

Property Week News Feed - Mon, 05/10/2021 - 09:49
Delancey has appointed Kate Drew as director of capital markets.
Categories: Property

Residential Secure Income cheers rental resilience

Property Week News Feed - Mon, 05/10/2021 - 09:28
Residential Secure Income has collected almost all of its rent and posted a slight rise in net asset value for the three months to the end of March.
Categories: Property

​UK’s largest EV charging hub set to electrify Brent Cross

Property Week News Feed - Mon, 05/10/2021 - 02:30
Hammerson and Aberdeen Standard Investments have unveiled plans for the UK’s largest electric vehicle (EV) charging facility at Brent Cross Shopping Centre car park, Property Week can reveal.
Categories: Property

Lucid Motors Trolls Tesla With Ad Following Elon Musk’s SNL Monologue

Motortrend News Feed - Sun, 05/09/2021 - 05:14

In case you hadn’t heard, Tesla CEO Elon Musk is hosting Saturday Night Live May 8. The billionaire cryptocurrency peddler and electric car boundary pusher has riled up some big reactions online among SNL fans and his own fans alike—so, whatever you think of Musk’s appearance on the weekly live sketch comedy show, we can all appreciate the unexpected adversarial advertising that broke out during the episode. We’re talking, of course, about Lucid Motors‘ sharply timed ad for the upcoming Air luxury EV—the 500-mile sedan it is hoping can take down Tesla’s Model S.

Lucid must have figured viewership for SNL would be high, given all the buzz surrounding the Tesla CEO’s appearance on it. (Aided by Musk himself, who tweeted out this week in the run-up to the show invitations for sketch ideas, as well as other musings about SNL.) So it trained its advertising dollars for its Tesla competitor on one of the first 30-second spots following Musk’s opening monologue introducing the SNL episode.

The ad, titled “Introducing Future,” depicts the new Air sedan and its $69,900 price. It isn’t new—it has existed on Lucid Motors’ YouTube page for four months—but it’ll surely be new to most regular TV viewers. While we’ve yet to evaluate a Lucid Air for ourselves, its stats stack up favorably against the Tesla Model S, from its slippery shape (lower drag) to its more spacious interior to its headline-stealing 500-mile range per charge. Tesla only just reached the 400-mile mark, although its figure is EPA-verified … and a new Model S Plaid model is said to deliver 520 miles of range.

In any event, clearly having Tesla’s figurehead on SNL has placed a giant target on the evening’s advertising slots—in some markets, Volkswagen also ran an ad for the ID.4 EV crossover.

The post Lucid Motors Trolls Tesla With Ad Following Elon Musk’s SNL Monologue appeared first on MotorTrend.

Categories: Property