Gove makes first use of building safety powers against Carnary Wharf landlord
Yianis Group has been hit with a £20m-plus order, with Urban Splash and Hollybrook also receiving orders.
RICS launches consultation on valuation of licensed premises
The institution published its last ’Valuation of Licensed Leisure Property including Public Houses, Bars, Nightclubs and Restaurants’ in 2010.
Travelodge to grow new hotel openings after identifying 300 target locations
The budget hotel operator expects openings to return to more normal levels of development as market conditions improve.
Former LXi director Gumm joins LondonMetric board
New non-executive director previously held senior roles at Nick Leslau’s ventures
London Square acquires former care homes site in Chelsea for £54m
The former later living asset is next to Royal Hospital Chelsea, home to the Chelsea Pensioners.
Gove approves plans for Isle of Dogs resi tower extension
Chalegrove Properties’ 225 Marsh Wall extension plans have been approved.
Johnson & Johnson signs lease at Tempo in Maidenhead
The pharmaceuticals giant will move staff from its Thames Valley campuses in High Wycombe and Pinewood to the L&G-owned building.
Newcore Capital seals £30m deal for east London Tesco site
The asset was purchased on behalf of the company’s latest value-add vehicle, Newcore Strategic Solutions.
Planning policy holding back Westminster development, report finds
The Delivering Good Growth in Westminster report claims an additional 14m sq ft of commercial space could be delivered.
Former Deutsche Bank CRE head Bull joins North Wind Capital
Property banking veteran has become director of the firm’s Luxembourg lending and securitisation vehicle.
Time Retail Partners gains B Corp status
B Corps are businesses that meet the highest standard of verified social and environmental performance.
Rent cap bill could deter £3bn in investment, says Scottish Housing Federation
Scottish Housing Bill proposals include long-term rent controls for private tenants and stronger protection against eviction.
Life Science REIT agrees record rent deal at Oxford Technology Park
ColdQuanta has agreed to pay double the previous record rent at the Innovation Quarter.
Plans for £35m refurbishment of The Caledonian hotel unveiled
The project will expand the Waldorf Astoria Edinburgh to more than 300 rooms.
Shared ownership fails to deliver affordable route to housing ladder, warn MPs
The Levelling Up Committee has called on the government to reform how shared ownership schemes operate.
DLUHC calls for evidence on jointly owned leasehold properties
The call comes as the Leasehold and Freehold Reform Bill passes its second House of Lords reading.
St Modwen Logistics appoints Haley as director
Developer and manager St Modwen Logistics has appointed Adam Haley as a director in its portfolio and asset management team.
Weston Homes gets go-ahead for £33m resi scheme in Epping
The project will see the development of 62 homes and almost five acres of open space.
API plans wind down after Custodian merger falls through
API shareholder votes in favour of deal fall short of the 75%-by-value threshold required.
Malaysian consortium secures £1.1bn loan for Battersea Power Station refinancing
CBRE IM advised on the refinancing of Battersea Power Station’s commercial elements.
London falls behind New York for office demand
CBRE-backed report warns London’s office market is “losing momentum”.
Cala Homes reports fall in profit but maintains sales rate
Profit before tax decreased 34% to £112m in 2023, but the housebuilder delivered robust sales per site per week of 0.63.
Hollis appoints new chief executive
Andy Hay will take over from interim CEO Digby Flower, who will become chairman of Hollis.
Network Space sells Knowsley logistics site for over £7m
NSD has sold the prime industrial site at its Alchemy Business Park site to Marchmont Investment Management.