Prime office investments ‘to generate highest returns across all sectors’, AEW reports
The report also highlights improving expectations for capital values since Q4 2022 across all sectors apart fom offices.
Salboy submits plans for tallest tower outside London
The 76-storey residential tower in Manchester will consist of 782 apartments.
Industrious signs lease at former WeWork location in Moorgate
131 Finsbury Pavement will be the sixth, and largest, UK location for the flexible workspace provider.
Savills reports 35% rise in Q1 London and South East office take-up
Greater London and South East office take-up rose to 648,000 sq ft in the first quarter of this year, up 35% on Q1 2023, according to Savills.
The Gym Group appoints Savills to advise on 50-site expansion plan
The operator is looking for urban spaces from 10,000 sq ft to 20,000 sq ft.
Canary Wharf Group’s property values fall with offices hit hardest
Canary Wharf Group saw a loss of circa £900m on its office estate.
URW reports 21.6% UK shopping centre rental growth for Q1
UK shopping centres Westfield Stratford and Westfield London outperform US and French centres.
Derby council approves Wavensmere Homes’ £75m city centre regeneration scheme
Friar Gate Goods Yard project includes 276 homes and more than 110,000 sq ft of commercial space.
Escape room firm signs for Gateshead’s Metrocentre
The Escapologist will occupy a 4,367 sq ft space in Metrocentre’s Lower Yellow Mall.
UK investment volumes fall 11% in Q1, MSCI data finds
Q1 2024 was the fifth-worst quarter on record for office sales in London.
BAME in Property rebrands as PREACH Inclusion
Name change reflects growing need to support intersectional inclusion.
Martin’s Properties appoints Parmar as senior development manager
He joins from Frontier Estates, where he was responsible for identifying, acquiring and bringing forward development opportunities.
AEW gets nod for 500-unit BTR scheme at Bristol’s former Debenhams
The former department store will be redeveloped for new rental homes.
Hurlington gets greenlight for £150m south London PBSA scheme
The project will also provide 42 affordable homes and 19,000 sq ft of workspace.
Brightbay Real Estate Partners expands senior team
George Jerram joins from Chancerygate’s asset management department where he served as a director.
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”.
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.
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.
Warburtons signs pre-let at Symmetry Park Biggleswade
The bakery brand has agreed a 25-year lease with Tritax Symmetry for 65,847 sq ft.
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.
FT columnist Stevenson joins Workspace board
New non-exec director is an investment columnist and founder of news and analysis service ETF Stream.
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.
PPHE Hotel Group reports 11.9% leap in Q1 revenue spurred by higher demand
The firm’s Q1 trading updated also reported that its £300m development pipeline is nearing completion.
