MoneySuperMarket has agreed to take about 130 desks at WeWork’s One St Peter’s Square office on a temporary basis as it plans to nearly triple its staff numbers in the city.
Henry Boot Developments has secured planning permission for the first phase of the £400m International Advanced Manufacturing Park in Sunderland.
LISTEN: Nick Walkley loves the property industry, but when the chief executive of Homes England sits down with EG’s Tomorrow’s Leaders podcast, he admits: “Some pretty disgraceful things have been normalised.”
Residential is the most attractive asset class for property investors this year as demand for offices continues to dwindle, according to BrickVest
The number of residential planning applications in London fell by nearly a third, year-on-year, in the first quarter of 2018 despite an active start in the UK as a whole
All eyes were on British Land and Landsec this week as the two biggest REITs in the UK reported their full year results.
Plans have been revealed for Europe’s tallest observation wheel, to be built in Newcastle Quayside. It is expected to bring £100m of investment and regeneration opportunity to the city.
5G is coming but are we ready? EG looks at its endless possibilities and what the industry needs to do to prepare for the telecoms evolution
The building will include more than 26,000 sq ft of offices space and 22 flats.
British Land sold £419m of retail assets in the last year but will keep the sector a core part of its business despite “uncertainties”
More than 3,000 betting shops are at risk of closing under new regulations that cut the maximum stake on fixed-odds betting terminals from £100 to £2.
Our interactive map details the 50 stores Mothercare is to close as part of a CVA agreement, which also involves rent reductions on a further 21 stores
COMMENT: Co-working is for London what Brexit is for news. It has been impossible to avoid since 2016, and it’s not going away any time soon. But if you’re a serviced office provider, it’s worth remembering there is a whole world outside the M25 – as there is a world outside of Brexit. It’s an oft forgotten world, but it’s out there. I’ve been, and it’s lovely.
How do you design the office of the future? One way is to revolutionise how users pay for it.
The Department for Digital, Culture, Media and Sport has rejected proposals to list the home of the India Club Restaurant on 143-145 Strand, WC2.
British Land has agreed a £735m unsecured revolving credit facility at an initial margin of 90bps with a syndicate of 12 banks.
GLP has launched a $1.6bn fund to invest in sectors and technology that enhance its logistics portfolio.
The X1 South Bank site, led by developer X1 and property consultancy Knight Knox, will comprise 928 homes alongside cafes, restaurants, retail and office spaces.
Hartshead Square in Sheffield has been brought to market by Greenridge Investment Management for £41m – a net initial yield of about 6.36%.
Chinese investment into UK property is forecast to halve year-on-year in 2018, with Q1 figures showing an 86% fall on the same period in 2017.
When Simon Laffin, Assura’s chairman announced his retirement in March, he left the company transformed. Once burdened with unsuccessful investments, unhappy shareholders and an inability to raise cash, Assura prospered as a primary care investor under Laffin’s six-year tenure. Its market cap rocketed from £200m to £1.4bn and it entered the FTSE 250 in December […]
Advisers Vail Williams and Hughes Ellard have merged, in a move aimed at strengthening their position in the south of England
UK logistics take-up in the first quarter of 2018 was the highest since 2016 at 11.5m sq ft, according to Gerald Eve
Developers need a better understanding of who uses affordable housing if they want to gain the trust of local communities, according to a panel at the London Residential Summit.
The UK build-to-rent sector needs to come together and share its data if it wants to mature as a market, a panel argued at the London Residential Summit today.
Far East Consortium and Haringey Council have completed a development agreement on the £30m Grade II listed Hornsey Town Hall restoration.
Germany overtook the UK as the biggest listed property market in Europe in Q1 2018, according to EPRA.
Battersea Power Station Development Company has appointed Benn Zemek as chief financial officer
University College London has purchased the Eastman Dental Hospital on Gray’s Inn Road, WC1, from the University College London Hospitals NHS Foundation Trust
Far East Consortium has expanded its London office with four senior appointments
Lending to UK property development reached a record high in 2017 with £22bn of committed real estate debt in development finance, according to the Cass UK Commercial Real Estate Lending Report.
LSH was instructed to sell the 1.96-acre Angelgate site in March after its developer went into administration.
Allied London has submitted a planning application for the refurbishment of the 180,000 sq ft ABC Building in Manchester city centre
Investment into specialist property rose 40.4% year-on-year in 2017, driven largely by the private rented sector and hotels, according to Knight Frank’s 2018 specialist property report
Demand for retail has fallen to its lowest level since 2009 while the industrial sector continues to attract more occupiers, results from the latest RICS UK Commercial Property Market Survey show.
Manchester office take-up more than doubled in Q1 after HMRC prelet 157,000 sq ft at Three New Bailey, according to figures from the Manchester Office Agents Forum
Airport City Manchester has launched the first phase of a £180m hotel district development at Manchester Airport with Holiday Inn and Ibis Budget
Avison Young has created a valuation team in its Manchester office with the appointment of two new directors
Eversheds Sutherland has picked Aviva Investors’ Two New Bailey Square for its new Manchester office.
Sigma has acquired three PRS development sites to deliver 214 rental homes in the North West and the West Midlands.
Grainger has issued a 10-year £350m senior bond at a coupon of 3.375% to cut the cost of its debt.
Taylor Wimpey has appointed Chris Carney as group finance director after Ryan Mangold stepped down from the role.
DekaBank plans to grow its UK commercial property lending activity “despite Brexit” as it converts its representative office in London into a branch.
Bank consolidation plans in Manchester could create more than 300,000 sq ft of available office space in the city centre as RBS, Barclays and Bank of New York Mellon seek to move staff into city centre hubs.
The non-performing loan market got off to a slow start in Europe in Q1 2018 with just €4.6bn (£4bn) of closed deals, following a record 2017, according to Evercore
SEGRO has forecast further yield compression in the industrial market in a positive trading update this morning
Cushman & Wakefield has appointed Caroline Baker as head of its Manchester office, as John Keyes steps down from the role.
Multinationals moving their operations across the country, billions of pounds of infrastructure investment and even wild fluctuations in commodity prices have changed the fortunes of regional office markets over the last decade.
TOMORROW’S LEADERS PODCAST: Alfie Best, founder of Wyldecrest Parks, talks gypsy heritage ‘terrific’ failure, and subsequent success in EG’s latest Tomorrow’s Leaders podcast
The ongoing saga of Hammerson and intu’s merger took another twist last week, fuelling the growing gap in the two retail landlords’ stock market performance.