Canary Wharf Group expands debt maturities as it secures £553m from lenders
The financing significantly increases CWG’s debt maturities and will support its drive to add more non-office space to the estate.
Labour claims delay on no-fault eviction ban “makes mockery” of Conservative promises
Minister said assessment of county court system must be published before ban could be enforced.
Home completions at Persimmon fall 10%
Housebuilder posted drop in new home completions during the first three months of it financial year, but reported an improvement in sales rates and “firm pricing”.
NewRiver achieves record 98% occupancy during fourth quarter
The group completed 785,100 sq ft of lettings in the year to the end of March at an average 3.6% above estimated rental value.
FT columnist Stevenson joins Workspace board
New non-exec director is an investment columnist and founder of news and analysis service ETF Stream.
Warehouse REIT adds £1.4m to rent roll in fourth quarter
The company secured 22 deals in it fourth quarter at rents an average 28.6% above previous levels.
IT and gaming firms take 47,000 sq ft at Native Land’s Arbor Bankside Yards
Sports betting and IT consulting firms will relocate their London headquarters to the development.
I-RES says outlook is ‘positive’ as strategic review advances
Review by Ireland’s largest landlord seeks ways to unlock value from the porfolio, including increasing revenue from car parking.
Demand for I&L space ‘holds firm despite tough market conditions’, C&W reports
Increase on Q1 2023 figure and the Q1 long-term average was laregly driven by a recovery in demand for mid-box space.
Lipton Rogers partners with Galileo to amass £1.5bn life sciences portfolio
The JV’s initial plan is to create 1,500 sq ft to 3,000 sq ft plug-and-play laboratories with flexible leasing options.
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Expert comments
Jefferies’ managing director Prew on REITs hiding their true values
Forsters’ partner Du Croz on the slow path to planning reform
Hammerson chief executive Gagné on creating a vibrant sense of place
Moorfield Group’s Sadie Malim on investing in rental solutions
By the way: Peter Bill on Grainger, BTR and Adam Neumann
The untapped potential of UK BTR
Jefferies’ managing director Prew on REITs hiding their true values
Forsters’ partner Du Croz on the slow path to planning reform
Hammerson chief executive Gagné on creating a vibrant sense of place
Moorfield Group’s Sadie Malim on investing in rental solutions
By the way: Peter Bill on Grainger, BTR and Adam Neumann
The untapped potential of UK BTR