BCPT confirms interest from potential buyers as it continues wind-down process

In April, the company announced that it had commenced a strategic review process.

UK leads global real estate recovery as repricing ends, says abrdn

While the wider real estate market has focused on ‘value-add’ investment, ‘core’ real estate is likely to deliver the most appealing opportunities.

Grosvenor sees strong leasing activity in first half of 2024

The lettings were across all sectors in its Mayfair and Belgravia portfolio covering 127,000 sq ft.

Gulf investors set to pump £3.1bn into UK commercial property

According to BLME estimates, the current average rate of investment is £2.65bn. The UK market may be heading for a once-in-a-decade economic alignment.

Trebor and Hillwood acquire Northamptonshire site for industrial scheme

The 20-acre site in Raunds has detailed planning consent for a four-unit mid-box scheme.

M&S to open second Battersea Power Station store

The new store joins the retailer’s existing foodhall at the site.

Workspace sells Woking resi scheme for £13m

The Planets scheme formed part of the McKay portfolio acquired in May 2022 and received planning consent for 366 residential units in November 2022.

SEGRO says market has ‘turned the corner’ as warehouse portfolio value rises for first time since 2022

SEGRO reported net rental income growth of 7% to £306m for the period.

Housing market ‘worse than 20 years ago’, says new Kate Barker review

Dame Kate Barker has laid out her initial recommendations to fix the…

Infopro Digital acquires UKREiiF organisers Built Environment Networking

Nathan Spencer has been promoted to managing director and will head the UKREiiF business.

Labour approves giant solar farm scheme on Warwickshire green belt site

The approval is the first planning decision on a ‘called-in’ application by the new Labour government.

John Lewis gets approval for flagship Bromley BTR scheme

Local council approves the group's flagship BTR development.

Supermarket Income REIT completes £170m debt refinancing

Company agrees private placement with institutional investors and separate refinancing of Deka facility with ING Bank.

Rightmove revenue rises 7% as it accelerates product innovation investment

Rightmove invests in product innovation as it ‘fights for its breakfast’ in the growing competitive landscape.

Neinor Homes’ net income jumps 97% in first half of 2024

CEO Borja García-Egotxeaga reports "best start to a year since 2021, with pre-sales growing 30% year over year".

Family homes help Savills raise £52m at July auction

The star lot was a three bedroom apartment in the central London village of Marylebone, which sold for £2.13m.

Life science real estate demand set for boost as VC funding jumps 77%

The life sciences sector attracted £559m in venture capitalist funding in Q2, up 46% year-on-year in terms of deal value.

Virdis selected as preferred developer for Manchester campus redevelopment

Virdis, a consortium of Equitix, GRAHAM and Derwent FM, has been selected…

Ex-JLL flex space MD appointed CEO of David Phillips

In his new role, he will focus on improving the company's product offerings, including furniture, fit-out solutions and amenities.

Muse unveils 2,000-home masterplan for Greater Manchester

Residential developer Muse has unveiled a draft development framework for its proposed…

Industry association launches campaign to save Boxpark Shoreditch

The Night Time Industries Association (NTIA) has launched a petition to save…

Hammerson takes £500m loss on Value Retail deal but boosts balance sheet

“Taking that sort of haircut is never easy, but it massively simplifies Hammerson’s structure and balance sheet," says Quilter Cheviot analyst.

Signs and portents

In these early days of the Labour government, we have all become amateur soothsayers, searching for signs of good or ill in the words and actions of the new batch of ministers.

Cineworld set to close 25 sites amid restructuring plan

About 25 of Cineworld’s 100 UK sites will be unaffected if the plan is approved.

Crown Estate teams up with Labour’s GB Energy to accelerate clean tech projects

The government is already legislating to give GB Energy and The Crown Estate the powers they need to rapidly deliver, with two bills being introduced in parliament today.

King’s Speech: what did we learn about Labour’s property plans?

Ciaran Nerval gives a run-down of the four development-specific bills outlined by King Charles last week.

Serviced apartment opportunity knocks for Bob W and OCIM

Bob W’s Philip Grace and OCIM’s Rishi Khurana tell Property Week why the time is right for their hotel and office conversion plans.

Signs and portents

25 Jul 24 | By Lem Bingley

In these early days of the Labour government, we have all become amateur soothsayers, searching for signs of good or ill in the words and actions of the new batch of ministers.

Crown Estate teams up with Labour's GB Energy to accelerate clean tech projects

25 Jul 24 | By Madeleine Knight

The government is already legislating to give GB Energy and The Crown Estate the powers they need to rapidly deliver, with two bills being introduced in parliament today.

SEGRO signs up to PW's Inspiring Diversity in Property Pledge

18 Jul 24 | By Mel Flaherty

The industrial giant has become the latest firm to commit to Property Week's Inspiring Diversity in Property (IDiP) Pledge.

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