Construction activity hits fastest pace in two years as housing sector returns to growth August 6, 2024 The reading put the construction sector in expansion for the fifth consecutive month and was the fastest pace of growth since May 2022.
Iconic Millbank Tower evicts tenants ahead of conversion into flats July 31, 2024 The landlord of the iconic Millbank Tower, where the Labour Party hatched its landslide 1997 election campaign and Leave.EU cooked up its winning plans for Brexit, has begun evicting tenants ahead of a long-planned revamp into luxury flats, City A.M. has learned.
Exclusive: Abrdn backs property recovery with UK to ‘lead the way’ July 29, 2024 Asset manager Abrdn has moved its view of property from an underweight position to neutral as it argued the UK is leading the way on a global recovery, City A.M. can reveal.
Hammerson: Shopping centre giant hit with £500m loss after selling stake in Bicester Village July 25, 2024 British shopping centre giant Hammerson has taken a £500m loss on the £1.5bn deal to sell its share in the company behind Bicester Village, according to just-filed documents.
Harworth: Property developer on track to grow portfolio to nearly £1bn after strong start to 2024 July 24, 2024 Six months into its financial year property developer Harworth says it’s on track to grow its investment portfolio to almost £1bn in the next five years, having already completed more than 80 per cent of its planned sales for 2024. The London-listed group, which specialises in land regeneration, said it had completed, exchanged or in heads of [...]
A short history of leasehold, and why it’s taken so long to end the ‘feudal’ system July 20, 2024 In the King’s Speech, the Government finally outlined plans to phase the “feudal” system out of England and Wales. Here's why it took so long
London offices: Bigger is better, as construction of smaller spaces in the capital dries up July 17, 2024 For the first time in at least two decades not a single new office scheme smaller than 100,000 square feet began construction in London in the first half of this year, despite demand for larger spaces reaching record highs.
‘Hoodwinked from IPO onwards’: Home REIT shareholders round on scandal-hit investor over wind-down plans July 17, 2024 Home REIT shareholders have rounded on the firm and its investment manager today after the scandal-hit social housing investor revealed plans to wind down in the coming months.
Scandal-hit Home REIT set to wind down July 16, 2024 Scandal-hit social housing investor Home REIT is set to wind down after failing to pay off a huge debt pile and struggling under the costs of a slew of legal battles and a probe from the City regulator.
Crest Nicholson rejects approach from Elliott-backed Avant July 5, 2024 The board of Crest Nicholson has rejected an approach from the Elliott-backed Avant Homes, saying it was "not currently minded to engage" in negotiations with the firm.