Not another one? Abrdn property trust moves to shutter May 20, 2024 Another Abrdn trust has moved to shutter after struggling to drum up enough interest from investors, as the number of trusts continues to decline rapidly. The £234m Abrdn European Logistics Income trust, which focuses on the European property market, reached the conclusion of its strategic review that in began in December, with its board recommending [...]
Helical sells stake in new City of London development to Orion Capital May 20, 2024 "We are pleased to be partnering with Orion Capital Managers on the development of this best-in-class, carbon friendly new building, to be completed in Q1 2026," Helical boss said.
British Land sells stake in Meadowhall Shopping Centre at a premium May 20, 2024 The transaction values the entirety of the Sheffield shopping centre at £734m,.
House prices rise as spring selling season boosts UK property market May 20, 2024 The average price of UK property coming to the market reached record levels in May, rising by £2,807, as the spring selling season lends itself to the recovery of the housing market.
Landsec: Workers returning to offices in London boost landlord May 17, 2024 A rebound in office use has boosted Landsec's bottom line.
Warnings rental reform could disincentivise landlords as bill returns to House of Lords May 16, 2024 Peers have been warned government moves to bring in rental reform risk making it “less attractive” to be a landlord.
Coutts: Prime London property prices to rebound as inflation subsides May 13, 2024 A cocktail of macroeconomic factors meant there was a 3.9 per cent drop in prime London prices in the last quarter.
Plans for an Asda ‘town centre’ linking London’s Old Oak and Park Royal May 13, 2024 The Issa brother-owned grocer has entered into an agreement with developer Barratt, on a Brownfield site, currently home to a superstore, marking a "significant milestone" for the firm.
M&S chair: ‘Gove never engaged with us on Oxford Street ruling’ May 13, 2024 "One year, at the whim, really, of a Secretary of State, who's been found to have made his judgement wrongly on five different counts by the High Court.
Kazakh billionaire offloads Mayfair property for £35m May 9, 2024 A Kazakh oligarch worth an estimated £5bn has sold his London mansion for just shy of £35m in one of the largest deals this year.