Digital Edition
Property Week Digital Edition – 25 August 2023
As WeWork faces bankruptcy, what went wrong for the co-working giant and is a rescue package still possible? – Built environment sector must help councils gain net zero project funding – The Diocese of Oxford’s David Mason outlines the church charity’s mission to create much-needed social housing
All the content from the latest issue of Property Week
CMA updates studies into housing sector
The Competition and Markets Authority (CMA) has today published progress updates on its separate ongoing reports on the housebuilding and private rented sectors (PRS), which aim to create new outcomes for the housing sector to support businesses, tenants and the economy.
Capital & Regional raises £25m for The Gyle Shopping Centre acquisition
Capital & Regional, the UK-focused REIT with a portfolio of in-town community shopping centres, has raised £25m through an open offer of shares to part fund the acquisition of The Gyle Shopping Centre.
West End market ‘picking back up’ with £1bn under offer
Over £1bn of deals are under offer in the West End as the market shows signs of recovery, while office availability has exceeded £4bn to reach the highest volume this year to date.
Good, cheap and fresh: pick any two
The irony of being probed for anti-competitive practices in the midst of a transparently difficult year will not bring much comfort to the major housebuilders.
Historic Birmingham pub leads Bond Wolfe’s September auction
A Victorian pub at the heart of Birmingham city centre’s professional services sector is the flagship lot at Bond Wolfe’s upcoming auction.
C&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.
Ikea Oxford Street opening pushed back over ‘complex’ renovations
The much-anticipated opening of Ikea’s Oxford Street store has been pushed back until next year due to the complexity of the renovations required for the building.
HMV owner steps in with last-minute bid for parts of financially stricken Wilko
HMV owner Doug Putman has reportedly stepped in at the last minute with a bid to purchase parts of financially stricken budget retailer Wilko.
Cluttons chooses new London HQ in the City
Property consultancy Cluttons has agreed a move to new headquarters in the City of London, signing for Riverside Capital’s Cannon Street scheme.
St Helens council wins CPO battle with pub unlocking town centre regeneration plans
A government planning inspector has ruled in favour of St Helens Borough Council’s compulsory purchase order (CPO) for a pub to make way for a major town centre redevelopment.
CEG secures Evelyn Partners pre-let for Bristol’s EQ office scheme
Evelyn Partners has agreed terms to relocate its Bristol office to Commercial Estates Group’s (CEG’s) EQ development at 111 Victoria Street, taking 27,382 sq ft.
Tai Calon Community Housing gains new funding for new affordable homes programme
South Wales-based Tai Calon Community Housing has secured a £105m long-term debt refinancing with NatWest Group to support its future development plans.
MCR Property Group completes refinancing for Luton resi scheme
Real estate developer MCR Property Group has completed the refinancing of its Stockwood Gardens residential scheme in Luton, Bedfordshire, under an £11m deal.
Property Week Digital Edition – 25 August 2023
As WeWork faces bankruptcy, what went wrong for the co-working giant and is a rescue package still possible? – Built environment sector must help councils gain net zero project funding – The Diocese of Oxford’s David Mason outlines the church charity’s mission to create much-needed social housing
Humber Freeport moves forward with 200-heactare Goole site
Humber Freeport has submitted formal boundary map plans to the government for 200 hectares of undeveloped land in Goole, East Yorkshire, where it plans to establish a freeport tax site.
Government presses pause on Stanhope’s 1.6m sq ft Waterloo offices hub
The government has issued an Article 31 Holding Directive on Stanhope’s contentious plans for a 1.7m sq ft office and life sciences hub near Waterloo, halting the scheme.
Experts call for Crooked House to be restored to former glory
‘Iconic’ pub demolished following a fire could be rebuilt in a similar way to the Carlton Tavern in Maida Vale.
What next for co-working as WeWork faces bankruptcy?
Co-working behemoth and pioneer looks set to collapse without fresh funding, but its rivals remain strong.
A mission to build affordable homes
The Diocese of Oxford’s David Mason tells Lewis Berrill how the charity is using land gifted to the Church of England following Henry VIII’s reign to tackle the housing crisis and deliver the homes people truly need.
Developers get ready for BNG
From this November, new projects will be required to meet biodiversity targets.
Releasing 1.4% of greenbelt could deliver 1m homes, report reveals
Building on just 1.4% of the green belt would accommodate the government’s target of 1m new homes before the next general election, according to a new report.
Arrow boosts direct lending capabilities in real estate debt with Maslow Capital acquisition
Arrow Global Group, a European asset manager specialising in credit and real estate, has acquired Maslow Capital, a provider of real estate finance, to strengthen its lending opportunities strategy and complement its existing investment activities.
Ignore the potential of new technology at your peril
Editor: I echo the enthusiasm expressed in your recent interview piece, ‘Covid’s legacy isn’t the end of offices’. I would like to suggest another key factor to consider: the strategic deployment of technology.
Stop viewing AI as an operational risk
Editor: I found the article ‘High hopes for AI technology’ beneficial in understanding the sentiments of the real estate industry in regard to recent technological developments. A statistic that is worth highlighting is that only 8% of respondents selected artificial intelligence (AI) as the most promising digital technology in the ...
This week in… 2017
ITV submitted bold plans for a 300,000 sq ft global HQ at its existing site on London’s South Bank.
The Emperor strikes back
“Some merchants are always eager to turn a profit. Therefore, we decree that the benefit of low prices is not hindered while greed, checked in advance, is restrained.” Not the words of left-wingers calling for price controls, but those of Emperor Diocletian’s Edict on Maximum Prices in 301AD. He failed; ...
Q&A: Five minutes with Sammie Steele, managing director of placemaking and regeneration at Places for People
Sammie Steele, managing director of placemaking and regeneration at Places for People, on how she got started in property, her top book and album recommendations and her number-one travel destination.
Identifying practical problems is vital in architectural design
Architects have a duty of care towards their clients to put commercial practicalities ahead of design niceties.
‘Majority’ of Wilko stores to close as administrators fail to find buyer
Spin class: that's all folks
PROPS to the north
Vastint lodges plans for first homes in major Leeds South Bank development
Buckland Group unveils ‘groundbreaking’ business model for SME housebuilding
Lloyds signs major flex office lease in Birmingham
