Property Week News Feed

Property Week News Feed
Updated: 42 min ago

Acorn Property Group receives £23m finance package for Exeter resi scheme

Fri, 09/03/2021 - 13:18
Acorn Property Group has secured a £23.2m finance package from Paragon Development Finance for a residential scheme in Exeter, Devon.
Categories: Property

CDLHT forward-funds Packaged Living BTR scheme in £73m deal

Fri, 09/03/2021 - 13:16
CDL Hospitality Trusts (CDLHT) has forward-funded a Packaged Living build-to-rent (BTR) scheme in Manchester in a £73m deal.
Categories: Property

Qatari investor plans £90m redevelopment of ex-Telegraph HQ

Fri, 09/03/2021 - 13:13
Qatari family-owned investor Regis Fleet Street (RFS) plans to spend £90m redeveloping Peterborough Court at 133 Fleet Street, the former headquarters of The Daily Telegraph and former European headquarters of Goldman Sachs.
Categories: Property

Bond Wolfe releases 211-lot September catalogue

Fri, 09/03/2021 - 12:30
Birmingham-based Bond Wolfe has released a bumper 211-lot catalogue for its 9 September sale.
Categories: Property

Barnard Marcus launches two-day hybrid auction

Fri, 09/03/2021 - 12:28
Barnard Marcus has launched the catalogue for its two-day auction, which will be held in-person on 14 September and online on 15 September.
Categories: Property

Land plots exceed guide prices at McHugh & Co September sale

Fri, 09/03/2021 - 12:26
Land parcels with development potential exceeded their guide prices at McHugh & Co’s 2 September sale.
Categories: Property

Value-add properties in ‘high demand’ at Savills back-to-school sale

Fri, 09/03/2021 - 12:24
Savills raised £26.6m at its 1 September auction from the sale of 71 out of 108 lots, reflecting a 66% success rate.
Categories: Property

British Land sells Wardrobe Court for £70m

Fri, 09/03/2021 - 11:59
British Land has sold Wardrobe Court in central London to Gem Hotels for around £70m.
Categories: Property

LondonMetric sells M&S and Aldi asset in Liverpool

Fri, 09/03/2021 - 11:53
LondonMetric Property has sold a property let to M&S and Aldi in Liverpool for £10.2m, reflecting a net initial yield of 4.65%.
Categories: Property

IWG signs first franchise agreement in Scotland

Fri, 09/03/2021 - 11:49
IWG has signed its first franchise agreement in Scotland with plans to open three flexible workspace centres across Lanarkshire over the next three years.
Categories: Property

Stenprop sells Guernsey office for £55m

Fri, 09/03/2021 - 11:45
Stenprop has sold an office building in Guernsey to ARC Global (Guernsey) Holdings, a subsidiary of Global Net Lease, for £55m.
Categories: Property

Berkeley to hit annual profit target despite Brexit and pandemic forcing costs up

Fri, 09/03/2021 - 08:31
Berkeley Group Holdings has said it remains on track to meet expectations to deliver a pre-tax profit of at least £518m for the year ending 30 April.
Categories: Property

Edyn secures £195m debt facility with Blackstone and KSL

Fri, 09/03/2021 - 01:13
Hospitality operator edyn has secured a £195m debt facility with Blackstone Real Estate Debt Strategies and KSL Capital to fund five projects across Europe, Property Week can reveal.
Categories: Property

HUB and Bridges buy 1.25-acre Edinburgh site

Thu, 09/02/2021 - 14:26
Residential developer HUB and Bridges Fund Management have acquired the 1.25-acre Beaverhall House site in Canonmills, Edinburgh.
Categories: Property

Green London office buildings could achieve 12.3% rental premium

Thu, 09/02/2021 - 12:29
London office buildings that achieve the highest sustainability standards can achieve up to a 12.3% premium in rents, research from Knight Frank shows.
Categories: Property

McCarthy Stone secures £94m Homes England grant for affordable retirement schemes

Thu, 09/02/2021 - 12:26
McCarthy Stone has received £94m of funding from Homes England to develop 1,500 affordable shared-ownership retirement properties.
Categories: Property

Chancerygate and Bridges submit plans for Peterborough scheme

Thu, 09/02/2021 - 12:18
A joint venture between Chancerygate and Bridges Fund Management has submitted a planning application for a 200,000 sq ft roadside development in Peterborough, Cambridgeshire.
Categories: Property

LondonMetric buys Cardiff warehouse for £11.1m

Thu, 09/02/2021 - 11:03
LondonMetric Property has acquired a 119,000 sq ft urban logistics warehouse in Cardiff for £11.1m, reflecting a blended net initial yield of 5%.
Categories: Property

Europa and Cromwell launch logistics JV

Thu, 09/02/2021 - 11:01
Europa Capital and Cromwell Property Group have launched a German logistics joint venture with a target gross asset value of €150m.
Categories: Property

Redevco appoints new separate accounts manager

Thu, 09/02/2021 - 11:00
Redevco has appointed Sarah Lulham as separate accounts manager in the real estate investment management company’s business development team, with immediate effect.
Categories: Property