Latest news – Page 9
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Tri7 in £10m swoop for Southampton shopping centre
Real estate investment and asset management firm Tri7 has acquired the Portswood Shopping Centre in Southampton for around £10m from a private investor.
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‘Economic risks’ cause Sainsbury’s and FEC to drop 950-home east London scheme
Sainsbury’s has abandoned plans to redevelop a supermarket in Whitechapel, east London, where it also intended to build almost 1,000 homes and a hotel.
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CBRE warns up to 11.9m sq ft of inefficient office space is set to hit London market
A wave of energy-inefficient office stock is set to hit the London market, with up to 11.9m sq ft of space with an Energy Performance Certificate (EPC) of ’C’ due to be released by 2027, according to research from CBRE UK.
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Puma Property provides £72m loan for 790-bed Nottingham PBSA scheme
Puma Property Finance will provide a £72m loan to support the development of a 790-bed purpose-built student accommodation (PBSA) scheme in Nottingham by a joint venture between Olympian Homes and Housing Growth Partnership (HGP).
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Winkworth blames Truss's mini-budget for fall in annual home sales
Estate agency group M Winkworth has blamed the September 2022 mini-Budget of former prime minister Liz Truss and then chancellor Kwasi Kwarteng for a downturn in the UK property market and its annual trading in 2023.
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Assura claims robust financial performance in third quarter
Healthcare property group Assura has told investors it is in a “robust financial position” after the third quarter of its financial year.
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Home REIT takes legal action against tenants withholding rent as sell-off continues
Home REIT has revealed its investment manager AEW is taking legal action against selected tenants that continue to withhold rent, as it continues to auction off assets.
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Las Vegas Sphere developer withdraws Stratford plans lamenting ‘political football’
The US developer behind plans for the highly controversial Sphere venue in east London has pulled its planning application, dubbing the process “a political football between rival parties”.
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WeWork says UK arm faces ‘material uncertainty’ and owes parent firm £731m
WeWork’s UK arm faces “material uncertainty” after posting a £123m loss and revealing it owes its parent company £731m, according to its latest accounts.
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VervLife’s Rose leads board appointments at UK Single-Family Association
The UK Single-Family Association (UKSFA), representative body for the single-family rental industry in the UK, has revealed a raft of appointments to its board, led by new president Katherine Rose.
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Unite reports letting increase for 2024/5 and expects 5% rent rise
Student accommodation giant Unite has told investors lettings for the start of next year’s academic year are ahead of 2023/24 and rents are forecast to rise by 5%.
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Mansfield to receive £20m after being named third levelling-up partnership
Mansfield in Nottinghamshire is set to receive £20m after becoming the third area to benefit from the £400m levelling-up partnership.
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Grosvenor and Generali launch £100m resi private debt co-investment strategy
Grosvenor Property UK and Generali Real Estate have launched a £100m residential private debt co-investment strategy today (9 January).
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Manchester mayor launches consultation on good landlords charter
Mayor of Greater Manchester Andy Burnham has launched a consultation on plans to improve standards of homes in social housing and the private rented sector (PRS).
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Allsop records 10% fall in annual profit after ‘frustrating’ financial year
Property consultancy Allsop has reported profit of £15.37m for the year ended March 2023, a 10% reduction from the previous year’s £17.1m.
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AM Sci Tech swoops for Aberdeen Energy and Innovation parks
Manchester-based property company AM Sci Tech – a subsidiary of Hurstwood Holdings – has snapped up Aberdeen Energy Park and Aberdeen Innovation Park in an acquisition described by the firm as “one of the most significant property deals in Aberdeen in the last decade”.
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‘Europe’s largest indoor climbing wall’ to be built on Manchester industrial estate
Yorkshire Climbing Company has secured 50,864 sq ft at Southmoor Industrial Estate in Wythenshawe, Greater Manchester, for what it said will be Europe’s largest indoor climbing wall.
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Clarion ordered to pay nearly £11,000 to residents after failure to repair damp and mould
The Housing Ombudsman has ordered Clarion Housing Group to pay £10,800 in compensation to residents over failures to repair damp and mould in its properties.
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Taurus Developments appoints former JLL director Harding to advisory board
Former JLL industrial and logistics director Andy Harding has joined Taurus Developments as a consultant and member of its advisory board.
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Klarent Hospitality appoints Green as managing director of transactions
Klarent Hospitality has appointed Joe Green as managing director of transactions to lead the hotel investment and manager’s UK and European growth plans.