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OnlineScape Living secures £105m loan for Hammersmith student scheme
NatWest and Virgin Money to fund west London development.
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OnlineI-RES repeats plea to investors to reject activist investor proposals
The board of Irish Residential Properties REIT has urged investors to vote against all resolutions proposed by Vision Capital, a 5% shareholder in the company.
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OnlineAbrdn reveals £150m cost-cutting plans
Investment giant abrdn has confirmed it is set to shed around 500 jobs as it seeks to slash annual costs and make its business more profitable.
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OnlineCity planners approve £200m Gresham Street office retrofit
Green light for JP Morgan AM’s City office refurb
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OnlineCrest Nicholson CEO to quit after posting 70% slump in annual profit
Crest Nicholson chief executive Peter Truscott is quitting the company after the housebuilding giant revealed a 70% slump in annual profit.
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OnlineSimon Murphy to step down as Battersea Power Station CEO
The chief executive of the south London regeneration project will depart in March.
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OnlineNorthern Ireland Investment Fund provides £28m loan on Belfast hotel
JMK Group lands development finance for Titanic Quarter hotel scheme.
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OnlineGPE reports ERV uplift, but remains cautious
Investor reports leasing in Q4 2023 was 10.4% ahead of estimated rental values.
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OnlineWatkin Jones swings to full-year loss as it eyes 2024 recovery
The student accommodation and build-to-rent developer went into the red during the 12 months to the end of last September.
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OnlineSouth East and Greater London office deals: numbers up, size down
Knight Frank finds record number of occupier deals were completed in region in 2023, but average deal size was lowest since 1992.
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OnlineJR Capital and Chancerygate fund buys trio of industrial assets
JR Capital and Chancerygate’s multi-let urban logistics investment fund has acquired a portfolio of three South East industrial assets for £14m from GMS Estates.
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OnlineHenderson Park appoints Lee as MD and general counsel
Private real estate investment fund manager Henderson Park has appointed Jones Day partner Bob Lee as a managing director and global general counsel.
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OnlineWarehouse REIT boasts of ‘strong quarter’
Warehouse REIT has told investors that it enjoyed “a strong quarter of leasing activity” during the three months to 31 December.
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OnlinePW’s Get Set For Net Zero podcast series, ep 1: How can we make retrofit more rewarding?
The first episode of Property Week’s Get Set for Net Zero podcast series centres on the theme of retrofitting.
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OnlinePeppercorn ground rent cap ‘disastrous’ for investors, experts tell DLUHC
Capping ground rents at a peppercorn would have “disastrous consequences” for investors and could cost taxpayers £31bn in compensation, property experts said as the government’s consultation on the matter closed.
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OnlineAviva Investors pays £150m for student digs portfolio
Aviva Investors has acquired a portfolio of six student assets and a mixed-use commercial investment for £150m.
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OnlineNewRiver hits record occupancy level
NewRiver REIT has achieved record occupancy across its regional retail portfolio following a “strong leasing performance” during its third quarter.
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OnlineHome REIT board to walk away from troubled firm en masse
The board of the troubled residential investor Home REIT is set to resign en masse following the appointment of a new chairman.
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OnlineIPSX staff pay almost doubled despite £7m loss in year before collapse
The International Property Securities Exchange (IPSX) almost doubled staff pay in the year to the end of June 2022, ahead of announcing its collapse last September.
