Latest news – Page 10
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News
Hadrian Industrial Estates snaps up Durham portfolio for £1.28m
Hadrian Industrial Estates, part of Hadrian Land, has snapped up three multi-let industrial estates in County Durham for a combined £1.28m from commercial property investor Snowlarch.
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Columbia Threadneedle Real Estate acquires Parkgate Shopping Park
Columbia Threadneedle Real Estate has acquired Parkgate Shopping Park in Rotherham on behalf of client funds for an undisclosed sum.
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Scottish housebuilder Stewart Milne enters administration with loss of over 200 jobs
North-east Scotland-based housebuilder Stewart Milne Group has entered administration with the immediate loss of 217 jobs.
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Prologis’s 90,000 sq ft Croydon expansion plans get green light
Logistics developer Prologis UK has secured planning permission for four new units in a second phase of development at Prologis Park Beddington in Croydon, south London.
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Archer Hotel Capital pays £215m for two Hoxton-branded London hotels
Archer Hotel Capital has acquired two London hotels from Norlake Hospitality in a £215m deal.
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Hub and Bridges Fund Management acquire £19m Bath site for BTR development
Residential developer Hub, in partnership with Bridges Fund Management, has acquired a 4.5-acre brownfield site in Bath for £18.5m to develop a build-to-rent (BTR) scheme.
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Net debt of £18.7m ‘much higher’ than expected at MJ Gleeson
Low-cost housebuilder and land promoter MJ Gleeson has reported that its net debt is expected to be £18.7m for the half year to the end of December 2023, up from £5.2m as of 30 June 2023.
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Helical targets further lettings in final financial quarter
Helical has told investors it is aiming to build on “positive asset management progress” and achieve further lettings as it enters the final quarter of its financial year.
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Telford Homes and Poplar appoint Way of Life to manage east London resi tower
CBRE-owned residential developer Telford Homes, along with joint venture partner Poplar HARCA, has appointed Way of Life to manage 28-storey block of flats Balfron in Tower Tower Hamlets, east London.
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Gove launches consultation on Awaab’s Law
Housing secretary Michael Gove has launched the long-awaited consultation on ’Awaab’s Law’, seeking views on proposed new requirements to clamp down on rogue social landlords, requiring them to address health and safety hazards within 14 days.
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Global Holdings acquires West End’s Vogue House from Condé Nast
Global Holdings Group has completed the purchase of landmark Mayfair office Vogue House from publishing giant Condé Nast.
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Travelodge buys 66 hotels back from LXi for £210m
LXi REIT has exchanged contracts on the sale of 66 Travelodge branded hotels to the Travelodge group for £210m.
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Family Building Society calls for downsizing elderly to be exempt from stamp duty
The Family Building Society (FBS) has called for elderly people looking to downsize their properties to be exempt from stamp duty land tax, in a move to support first-time buyers and families onto the housing ladder.
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SWG3 submits plans for Glasgow ‘music lovers’ hotel
Cultural venue SWG3 has submitted plans for a new hotel adjacent to it cultural campus on Glasgow’s Clydeside.
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Luxury cinema Everyman takes space at The Brentford Project
Developer Ballymore has signed luxury cinema operator Everyman for The Brentford Project, its 1.2m sq ft riverside residential-led development in Brentford, West London.
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Chancerygate appoints Cowley as head of investment and asset management
Urban logistics developer and asset manager Chancerygate has appointed Simon Cowley as head of investment and asset management.
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LondonMetric buys Doncaster warehouse for £21.2m
LondonMetric has completed the acquisition of a long-let distribution warehouse in Doncaster for £21.2m.
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UK hotel investment falls 37% to £2bn in 2023
The UK hotels market attracted £2bn of investment in 2023 but was down by more than a third on 2022’s figures, according to a new report.
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I-RES urges investors to reject Vision Capital move to take effective control
Irish Residential Properties REIT (I-RES) has urged shareholders to reject all resolutions at an emergency general meeting (EGM) requestioned by activist shareholder Vision Capital.
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Strettons raises over £3m in December auction
Strettons raised over £3m at its December live-streamed auction, which featured a range of lots with development and investment potential all over the country.