Lukewarm welcome as Hunt extends ‘limited’ mortgage scheme for first-time buyers November 22, 2023 The scheme, introduced in 2021, helps first-time buyers take out a mortgage with a five per cent deposit on homes worth up to £600,000.
Wework collapse hits Helical as vacancy rate set to reach 25 per cent November 22, 2023 Helical said that vacancy across its portfolio will rise by 25 per cent once its agreement with Wework and Baker McKenzie come to an end.
Grainger Network Rail and Bloc Group announce partnership to build 2,000 UK homes November 22, 2023 Grainger has announced a partnership with Network Rail and the property developer Bloc Group to deliver 2,000 homes across Britain.
Workspace CEO: Wework’s demise will ‘benefit’ us November 22, 2023 The chief executive of Workspace has said that the demise of rival Wework will “definitely give the company some benefit.”
Green light for £500m Bishopsgate tower and Victorian bath house restoration November 21, 2023 The green light has been given to erect a new 23 storey tower in Bishopsgate, alongside the restoration of a historic Victorian Bath House, in the latest boost for the City’s skyline. As part of the development, which is being spearheaded by Landsec, the building at 55-56 Old Broad Street will be refurbished to create [...]
Shaftesbury Capital abandons Fitzrovia portfolio sale due to low bids November 21, 2023 West-End landlord Shaftesbury Capital has abandoned plans to sell a portfolio of properties in London’s Fitzrovia district after bids reportedly fell short of expectations. Now the real estate giant is plotting a move to sell the units individually or in smaller groups, a report in Bloomberg said, in the hopes that this will help generate [...]
Workspace profits jump as demand for flexible offices grows November 21, 2023 Workspace completed 583 lettings during the half year, with occupancy levels remaining largely unchanged at at 88.7 per cent.
Phoenix torpedoes Picton-UK Commercial Property REIT deal November 21, 2023 Phoenix Life Limited, the majority shareholder of UK Commercial Property REIT (UKCM) has torpedoed the company's merger with peer Picton.
Sirius Real Estate looks to raise £145m as ‘attractive’ opportunities emerge November 20, 2023 In a positive sign for the listed-property sector, Sirius Real Estate, is looking to raise £145m from investors.
Foxtons under pressure from shareholders to sell the business November 19, 2023 Foxtons is under pressure to sell, after an investment fund with a 4 per cent stake in the estate agency joined calls for a sale.