The long-term decline in interest rates is a product of demographic change and not just the financial crisis, according to CBRE. As a result the “normalisation” of rates that is being predicted may not be as severe as many believe.
Pocket Living founding partner and finance director Paul Harbard is to retire from the company at the beginning of 2019. He will be replaced by Paul Rickard.
Highgate Land and Development has announced three new hires.
The government has been keen to tax increases in land value that occur as result of new infrastructure
Transport for London will build and manage a 3,000-home rental portfolio with a private sector partner.
Barclays and Homes England have launched a £1bn of development fund to increase the pace and volume of housing provision.
A report from the housing association says that social tenancies save the taxpayer millions of pounds in areas including education, policing and local authority expenditure.
The 30,000 acre Strutt & Parker (Farms) portfolio has been put up for sale.
Palmer Capital-backed Cubex Land has sold its Aurora office in Bristol for £62.1m to Royal London Asset Management
Guy’s and St Thomas’ Charity is preparing to sell a five-acre slice of land to the south of Waterloo station.
Transport for London has appointed BNP Paribas Real Estate’s client finance and data services teams to support its in-house property management team on its 2,400 leases in London.
In an 18-month period that has seen the PRS grow and grow – against the flow of a declining market – the £2.25bn sale of Quintain could have been the crowning jewel.
CBRE Global Investment Partners and Madison International Realty have bought an €870m, 6,458-home portfolio of Spanish residential assets.
LGIM Real Assets has bought Broadway Plaza in Birmingham for £47m from Aviva Investors.
placing will enable the acquisition of another asset and the construction of a scheme in Brighton.
Port operator has bought a 190,000 sq ft former engineering works at the Port of Newport.
Regional REIT has sold Turnford Place in Cheshunt, north London, for £17.3m at a net initial yield of 5.8%.
Residential Secure Income is to buy a 478-property retirement homes portfolio from Places for People.
Unite Students is selling a 14-asset portfolio of student properties to Singapore Press Holdings.
Former CBRE senior director Andrew Screen has joined Cortland Partners as its UK chief investment officer.
Grosvenor Britain & Ireland has raised £250m in an oversubscribed private placement
Sadiq Khan has announced that half of the 3,000 homes to be delivered will be affordable.
Invesco Real Estate has appointed Victoria Stanley as director of fund management for residential investment.
Warehouse REIT was preparing to pay Hansteen £460m for a 180-estate industrial portfolio, but the deal has has fallen through. What are the longer term implications of the failed sale?
Housebuilder Bovis has shrugged off concerns around build quality and reported a 41% year-on-year pretax rise in profits
Retirement housebuilder McCarthy & Stone says its full-year operating profit is likely to decline by at least 24% in 2018 to £73m
More housebuilders are focusing on London’s satellite towns as the capital’s increasingly unaffordable housing market pushes buyers outside the M25.
Hansteen Holdings and listed rival Warehouse REIT have ended discussions over Hansteen’s sale of a portfolio of UK industrial assets.
The one-acre site in Newham was bought unconditionally from R55 Group.
The 46,627 sq ft student accommodation block on Covent Garden’s Drury Lane is currently let to the London School of Economics.
Online property investment platform LendInvest has secured £150m of initial funding from Nomura and Magnetar
IM Properties is to speculatively build a new 532,000 sq ft unit at Hinckley Park, in the golden triangle in the West Midlands.
Some of the capital areas have become unrecognisable in just a few years. EG takes a look at some of the capital’s development hotspots and what progress has been made since 2008.
Berkeley Homes has bought the Horlicks site in Slough for a £300m scheme as it continues its push outside of London.
L&G’s CALA Homes has been selected as the preferred partner for the redevelopment of Maidenhead Golf Club in Maidenhead.
Australian giant Lendlease returned 12.7% in 2018 and had profits after tax of A$792.8m.
Despite reports of flat flipping, unsold homes and Donald Trump’s refusal to visit, the vast majority of Vauxhall’s twenty two schemes are under construction.
Civitas Social Housing has bought a portfolio of regulated social housing properties for £37.6m.
The last parcel of land at Peruvian Wharf in London’s Royal Docks has been sold to L&Q, putting an end to Galliard Homes and Cain International’s interest in the site and concluding a long-running planning saga.
The NKr 8,337bn (£772bn) Norges Bank IM Norwegian sovereign wealth vehicle returned 1.8% in Q2.
Embattled estate agency Countrywide has raised 72.3% of its target in an open offer of shares
Empiric Student Property has announced a dividend of 2.5p per share and an increase in its portfolio valuation of 6.2%, nine months after it axed co-founder and chief executive Paul Hadaway after a spike in administration costs.
Town Centre Securities has made Lynda Shillaw its new property director with the retirement of Richard Lewis.
Business members club No18, part of IWG, has taken 40,000 sq ft at Battersea Power Station, SW8.
Transport for London has pulled the sale of the 1,500 home Limmo Peninsula site in east London from its Property Partnerships Framework.
Birmingham City Council has submitted plans for the 1,400-home athletes village in Perry Bar that will be built for the Commonwealth Games in 2022.
Apsley House Capital and Galliard Homes have received consent for 379 homes at the Timber Yard development in Birmingham’s Southside
MCR Property Group has received planning permission for its 1,009-home scheme on the site of Birmingham’s Monaco House complex
£200m has been allocated to discount the homes for sale to tenants in the West Midlands.
Grainger has appointed LaSalle Investment Management fund manager Tom Henry as national acquisitions director.