Property

LendInvest completes £30.5m fundraising

Property Week News Feed - 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

Property Week News Feed - 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

Property Week News Feed - 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

Property Week News Feed - 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

Property Week News Feed - 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

Property Week News Feed - 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

2019 Toyota Sienna

The Car Connection News Feed - Sat, 09/15/2018 - 11:00
The 2019 Toyota Sienna minivan may seem familiar. That’s because it hasn’t been significantly changed since 2010. For 2019, the Sienna gets some minor updates to keep it in the thick of the minivan market to hold on for at least one more model year before a full redesign. The sportier-looking and firmer-riding Sienna SE trim offers...
Categories: Property

“World’s Greatest Drag Race: A Legacy of Speed” Retrospective to Air Monday

Motortrend News Feed - Sat, 09/15/2018 - 03:26

Motor Trend has been drag racing cars since we published our first issue in September 1949, but it wasn’t until the summer of 2011 that we arguably had our best idea yet: World’s Greatest Drag Race, a spectacle that brings some of the hottest high-performance cars together for one epic sprint. With 12 of the world’s fastest cars lined up and ready to launch when World’s Greatest Drag Race 8 premieres on Friday, September 21, Velocity decided to dive deep into the background of past World’s Greatest Drag Races in a new special dubbed, World’s Greatest Drag Race: A Legacy of Speed, set to air on Monday, September 17, at 8:00 PM EST and available on MotorTrend.com/bdc.

World’s Greatest Drag Race: A Legacy of Speed aims to take you behind the scenes with your favorite editors and drivers of Motor Trend. It promises to give you a look at how surprisingly challenging it is not only to get 12 supercars together at one time but to find a place where we can run them all flat out.

The show also looks at two constants over eight years of the World’s Greatest Drag Race—the domination of the Nissan GT-R and the ever-present Porsche sports car—and examines what’s to come in the future. Just like our drag races, it’s a thrilling affair.

As Jonny Lieberman, senior features editor and host of Head 2 Head, says, “Why do we do it? Because we can.”

World’s Greatest Drag Race: A Legacy of Speed airs Monday at 8:00 PM EST on Velocity and is available to stream on MotorTrend.com/bdc. World’s Greatest Drag Race 8 premieres at the end of Best Driver’s Car Week on Friday, September 21, also on MotorTrend.com/bdc.

Watch the full show HERE starting on Monday.

 

The post “World’s Greatest Drag Race: A Legacy of Speed” Retrospective to Air Monday appeared first on Motor Trend.

Categories: Property

Refreshing or Revolting: 2020 Mercedes-Benz GLE

Motortrend News Feed - Sat, 09/15/2018 - 00:20

When Mercedes revealed the redesigned GLE this week, the big news was that it now has an optional third row. For a lot of midsize crossover shoppers, that’s a big deal. It can also be had with an incredibly advanced suspension that promises unparalleled ride quality, as well as impressive handling. But how does the GLE’s styling compare to the old version?

Up front, the new GLE’s design feels immediately familiar thanks to its creative application of Mercedes’ current design language. From the daytime running lights to the shape of the lower fascia, the new GLE is easily recognizable as a new Mercedes. The downside is, it won’t stand out nearly as much as some of its competitors. And while we can see some resemblance between the new GLE and the outgoing model, the 2016 version may actually look a little cleaner.

From the side, the new model’s soft curves and lack of hard creases continue. Perhaps as a nod to the first-gen GLE, the shape of both the C-pillar and the rear window don’t look like they’ve changed all that much. The rear, meanwhile, is much cleaner, featuring thinner taillights and a less complex tailgate design. The exhaust tips and rear bumper still look a lot like the 2016 version.

Inside, however, the similarities end. While the old GLE had a relatively large infotainment display, the center console was dominated by buttons and knobs. In contrast, the new GLE has two prominently featured screens and only a few physical controls. It still borrows heavily from the Mercedes parts bin, but designers managed to give the GLE its own look. Plus, they also added that all-important third row.

At the moment, we know the 2020 Mercedes-Benz GLE will go on sale in the U.S. sometime next year, but pricing and exact timing are still a mystery. Hopefully, Mercedes has more to say when the GLE is officially revealed at the Paris motor show in a few weeks.

What do you think of the new SUV’s styling? Tell us in the comments on Facebook!

The post Refreshing or Revolting: 2020 Mercedes-Benz GLE appeared first on Motor Trend.

Categories: Property

GM Power Steering Recall Affects More Than 1 Million Trucks, SUVs

Motortrend News Feed - Fri, 09/14/2018 - 20:00

General Motors is recalling roughly 1.2 million model-year 2015 trucks and SUVs globally for a problem with the electric power steering system. GM previously recalled nearly 700,000 model-year 2014 pickups for the same issue.

The Problem: The electric power steering system in certain 2015 Chevrolet Silverado, Tahoe, Suburban, GMC Sierra and Yukon, and Cadillac Escalade models can fail and then return suddenly. If this happens during a low-speed turn, the abrupt steering assistance could cause you to crash. The Associated Press reports that GM is aware of 30 crashes and two injuries related to the issue.

The Fix: Owners of affected vehicles will be notified and instructed to visit a dealership. There, technicians will update the electric power steering software at no cost to the owner. For more info, owners can contact the National Highway Traffic Safety Administration at 1-888-327-4236, or the appropriate GM brand customer service hotline referencing recall number 18289. Chevrolet can be reached at 1-800-222-1020, GMC at 1-800-462-8782, and Cadillac at 1-800-458-8006.

Number of Vehicles Potentially Affected: The recall covers 1,015,918 units in the U.S., including certain 2015 Chevrolet Silverado 1500s, Tahoes, and Suburbans; 2015 GMC Sierra 1500s and Yukons; and 2015 Cadillac Escalades. Vehicles in Canada, Mexico, and other countries are also being recalled.

Source: NHTSA, AP via ABC News

 

The post GM Power Steering Recall Affects More Than 1 Million Trucks, SUVs appeared first on Motor Trend.

Categories: Property

Volkswagen Beetle Final Edition Marks the Car’s Last Year in Production

Motortrend News Feed - Fri, 09/14/2018 - 19:00

It’s been a long time since Volkswagen revealed the New Beetle and nearly as long since we named it the 1999 Import Car of the Year. The Beetle’s 2012 redesign helped reignite sales, but ever since then, interest in the retro-styled coupe has tapered off. As a result, it comes as no surprise to hear the Beetle will be canceled next year. Before it goes out, though, Volkswagen’s introduced two new Final Edition packages.

Inspired by the 2003 Ultima Edicion, both the Final Edition coupe and convertible will be offered with beige or light blue paint, as well as a few other colors. Convertibles will also get their own brown top (except for the beige convertibles, which get a different top). Other exterior changes are limited to some chrome trim, body-color side-view mirrors, a rear “Beetle” badge, and unique wheels. Inside, the Final Edition gets a leather-wrapped steering wheel, stainless steel pedals, a beige dash, and special upholstery. Upgrading from the SE to the SEL version adds a number of other features, including Xenon headlights and LED taillights, larger wheels, diamond-stitched leather seats, navigation, and a premium audio system.

“The loss of the Beetle after three generations, over nearly seven decades, will evoke a host of emotions from the Beetle’s many devoted fans,” said Hinrich Woebcken, Volkswagen’s North American President and CEO, in a release. “As we move to being a full-line, family-focused automaker in the U.S. and ramp up our electrification strategy with the MEB platform, there are no immediate plans to replace it. But as we have seen with the I.D. BUZZ—which is the modern and practical interpretation of the legendary Bus—I would also say, ‘Never say never.’ We’re excited to kick off a year of celebrating one of the true icons of the automotive world, with a series of events that will culminate in the end of production in Puebla in July 2019.”

This isn’t the first time VW has hinted the Beetle might return someday as an EV. Last year, VW brand chief Herbert Diess said if the automaker were to do another Beetle, it would be electric and rear-drive. Woebcken’s comments suggest that idea is being seriously considered.

Pricing for the Final Edition coupe starts at $23,940 including destination, with the SEL version adding another $2,950. Convertibles will start at $28,190 or $30,890 if you want the SEL.

Source: Volkswagen

The post Volkswagen Beetle Final Edition Marks the Car’s Last Year in Production appeared first on Motor Trend.

Categories: Property

Volvo to test self-driving cars on Swedish roads before 2021 launch

The Car Connection News Feed - Fri, 09/14/2018 - 18:03
Following the debut of its pod-like autonomous concept earlier this month, Volvo has been granted permission by the Swedish Transport Agency to start real-world testing of its self-driving technology, with the goal of launching a consumer-ready vehicle by 2021. According to The Local and documents obtained by Swedish site DI Digital, the agreement...
Categories: Property

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

Property Week News Feed - 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

Limited-edition 2019 Subaru BRZ Series.Gray looks to the clouds for $31,025

The Car Connection News Feed - Fri, 09/14/2018 - 16:26
The 2019 Subaru BRZ Series.Gray announced Thursday borrows its cloudy day-inspired Cool Gray Khaki paint scheme from the automaker's rough-and-tumble Crosstrek. For $31,025, the new limited edition tops the automaker's sports car lineup and is the latest in a long line of limited-edition BRZ coupes. Just 250 will be built. MORE: Read our 2018...
Categories: Property

VW pushing for self-driving car industry standards

The Car Connection News Feed - Fri, 09/14/2018 - 15:35
Volkswagen has reportedly been talking to its competitors about creating auto industry-wide standards for self-driving cars, Automotive News reported Friday. The automaker has talked to more than a dozen automakers and other firms involved in developing autonomous car technology about an alliance. The trade journal cited an executive within the...
Categories: Property

VW Beetle squashed, Citroen DS 3, Chiense electric carmaker hits NYSE: What's New @ The Car Connection

The Car Connection News Feed - Fri, 09/14/2018 - 15:30
2019 VW Beetle Final Edition writes icon's final chapter The up-and-down saga of the Volkswagen Beetle finally has a conclusion—at least for now. VW pushing for self-driving car industry standards Volkswagen has reportedly been talking to its competitors about creating auto industry-wide standards for self-driving cars, Automotive News...
Categories: Property

Osborne and Co selected as development partner for Santander technology HQ

Property Week News Feed - 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

Property Week News Feed - 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

Property Week News Feed - 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

Property Week News Feed - 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

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