Mel Flaherty
Mel is news editor at Property Week.
Contact info
NewsC&W refinances $1.4bn of debt
Global real estate giant Cushman &Wakefield (C&W) has secured a $1bn (£793.5m) refinancing loan and closed the offering of $400m of its senior secured notes to strengthen its ability to deliver on its strategic priorities.
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DTZ Investors bags Islington Sainsbury’s for £56m
DTZ Investors has paid Lothbury £56.25m for a Sainbury’s store in Islington, north London, reflecting a net initial yield of 4.4%, and said it is on the lookout for further supermarket investments.
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John Lewis to halve size of London HQ with Pimlico letting
John Lewis Partnership (JLP) has secured a lease on a smaller London headquarters at One Drummond Gate in Pimlico, a building half the size of its current Victoria home.
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Construction visa change welcomed amid calls for training
The British Property Federation (BPF) has said the addition of construction workers to the list of employees qualifying for relaxed visa rules could provide a welcome boost to development but is not a long-term fix.
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Lendlease to cut 10% of global workforce
Lendlease, the Australia-based property and construction giant, told staff today that it is making a 10% reduction to its global workforce.
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Reuben brothers honoured at 31st PROPS Awards
Simon and David Reuben picked up the Lifetime Achievement Award at the 31st PROPS Awards in London last week.
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Future Generation completes refinancing and plans £300m PBSA portfolio sale
Future Generation, the joint venture between developer Southern Grove and Tadhamon Capital, has completed the £133m refinancing of three of its purpose-built student accommodation (PBSA) assets ahead of plans to sell its entire five-strong PBSA portfolio for £300m-plus, Property Week can reveal.
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LandTech and Zoopla’s Hometrack launch Land Registry-beating comparables service
Proptech firm LandTech has joined forces with Zoopla-owned Hometrack to launch an online service offering live comparable valuation data to help developers financially appraise development opportunities, Property Week can reveal.
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JD signs for Epsom’s Ashley Centre
CBRE Investment Management (CBRE IM) has signed sports fashion retailer JD for a 4,453 sq ft unit at the Ashley Centre in Epsom, Surrey.
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Later living faces planning and perception challenges
Speakers at Property Week’s Later Living conference discussed challenges and opportunities in UK’s older people’s housing sector.
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Housing approvals at appeal rise but reform plan sparks concern
More new home developments are being granted planning permission at appeal than are being dismissed, according to research by Savills shared exclusively with Property Week.
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Hotel Chocolat plans out-of-town growth despite profit warning
Premium chocolate retailer Hotel Chocolat said it is planning to open five more stores in retail parks by the end of 2023, as part of its ambitions to open 50 new stores over the next three years, despite issuing a profit warning.
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Nuveen to sell Soho Wharf
Global investment manager Nuveen has appointed CBRE to sell Soho Wharf, its mixed use scheme on London’s South Bank.
- Online
Later Living Conference: Service-led model key to cracking mid-market
Later living operators need to move from a product-led to a service-led model to create a successful mid-market offering, Tom Hartley, managing director of data and analysis firm Carterwood, said in a speech today at Property Week’s Later Living Conference.
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EE launches Westfield flagship to kickstart experiential store roll-out
BT-owned mobile network provider EE opened its flagship The EE Studio, a 4,230 sq ft experiential retail outlet, at Westfield White City in London last Friday (16 June).
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John Lewis property director to step down
John Lewis Partnership (JLP) has announced that Chris Harris, the property director who set up its build-to-rent (BTR) business, is leaving the firm in November.
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Government tax simplification performance needs public scrutiny, says Treasury
Government plans to reverse over-complication of the tax system should be examined annually in the light of its decision to proceed with the abolition of the Office of Tax Simplification (OTS), according to the Treasury Committee.
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Travis Perkins forecasts £55m profit drop
Building materials supplier Travis Perkins said it expected its full year adjusted operating profit to come in at £240m this year, compared to £295m in 2022, as new build housing and the domestic market continued to be impacted by the economy.
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Cineworld close to appointing administrators
Troubled cinema operator Cineworld is believed to be close to appointing administrators as part of the ongoing restructuring of the debt-laden firm.
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Schroders REIT outperforms peers despite 18.9% NAV drop
Schroder Real Estate Investment Trust (REIT) has reported above average income return and a sector-beating 14% rise in its dividend, despite an 18.9% drop in net asset value (NAV).
