Latest news – Page 8
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Taylor Wimpey prioritises prices amid challenging market environment
Taylor Wimpey’s overall average selling prices rose 3.5% to £324,000 in 2023, but the housebuilder ended the year with a lower order-book value of £1.77m, excluding joint ventures, compared with £1.94m in 2022.
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Hightown secures £50m in funding from Aviva
Aviva Investors has provided £50m of funding to Hightown Housing Association, which owns and manages more than 8,700 homes and care and supported housing projects across Hertfordshire, Buckinghamshire, and Berkshire.
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Clarion raises £427m for UK logistic fund
Fund manager Clarion Partners Europe has exceeded the fund raising target for its closed-end UK logistics fund by securing £427m in investment.
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LondonMetric to take over LXi in £1.9bn deal
LondonMetric has agreed a £1.9bn takeover of Nick Leslau’s LXi REIT, in a deal that will create the UK’s fourth largest REIT with net tangible assets of £4.1bn.
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SFGE gets green light for 430-unit co-living scheme in Yorkshire
SFGE Properties has secured planning permission for a 428-home co-living residential tower in Sheffield city centre, South Yorkshire.
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Real estate transaction volumes down 20% in 2023, report finds
Inflation and high interest rates suppressed real estate transaction volumes in 2023, a new report by specialist business property adviser Christie & Co has concluded.
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Stark to quit Climate Change Committee chief exec role in April
Chris Stark has announced plans to step down as chief executive of the Climate Change Committee (CCC), the UK’s independent adviser on tackling climate change.
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McLaren Living and AEW plan Reading Broad Street Mall redevelopment
Build-to-rent developer McLaren Living and real estate investment manager AEW have partnered to redevelop Broad Street Mall and bring forward a new mixed-use neighbourhood in Reading town centre.
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Government data shows fire safety issues with over half of Rydon’s English resi buildings
More than half of buildings developed by Rydon Group, the residential developer responsible for the construction of Grenfell Tower, have been identified as having fire safety issues, according to government figures.
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Plans in for £2bn West Town Edinburgh neighbourhood with 7,000 homes
Plans have been lodged for a giant £2bn new neighbourhood, which could see 7,000 new homes built alongside commercial and community assets in Edinburgh.
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Savills on track in year-end trading update
Savills said it expects its full-year performance for 2023 to fall in line with the expected range of outcomes, despite a challenging year for the real estate market.
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NFU Mutual acquires prime Birmingham office from Ardstone
NFU Mutual has acquired 1 Newhall Street in Birmingham from the Ardstone Regional Office Fund for an undisclosed price.
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Peabody appoints new chair following death of Lord Kerslake
Housing association Peabody Group has appointed Caroline Corby as chair following the death of former chair Lord Kerslake last year.
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Revised NPPF is ‘weak all the way through’, experts say
Experts say the long-awaited response fails to include any details relating to a small-sites policy, nor does it address the diversity of housing the country requires.
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Newcore Capital acquires £11m of social infrastructure assets
UK-focused real estate investment manager Newcore Capital has acquired two language schools, in Cambridge and Oxford, and a food distribution asset in Colchester for a total of around £11m, reflecting a net initial yield of 6.1%.
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Sourced Group launches new lettings franchise
Consultancy firm Sourced Group has launched a new lettings division, Sourced Living, which will offer flexible lettings to help boost occupancy.
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Energy secretary flags up MEES review as uncertainty on timelines continues
The government has said it plans to review the policy and timelines of the Minimum Energy Efficiency Standards (MEES), as it confirmed the rules would still apply to non-domestic properties.
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Meta to close One Rathbone Square HQ
Facebook parent company Meta is leaving its London headquarters at One Rathbone Square in a dramatic reduction of its UK office footprint.
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Persimmon warns on “highly uncertain” housing market in 2024
Housebuilding giant Persimmon said it expects the housing market to remain “highly uncertain” in 2024, despite achieving higher sales than expected in 2023.
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Belvoir and Property Franchise Group reveal £214m merger
Estate agent brands Belvoir and The Property Franchise Group (TPFG) have revealed an all-share merger.