Expect more real estate investment trust mergers as the age of the ‘big box behemoth’ dawns February 18, 2024 News about real estate investment trusts (REITs) merging with each other have rapidly emerged this year, as the sector looks to embrace economies of scale.
Prime London house prices back at 2014 levels as buyers shun South Kensington and Chelsea February 17, 2024 House prices in prime London were 2.5 per cent below their pre-pandemic level and down by 7.1 per cent annually.
Outlook for London tenants improves (slightly) as rents stabilise after period of rapid growth February 16, 2024 The rental market in London appears to have peaked, with price growth steady month on month, according to new government figures.
Segro looks to lift rents 50 per cent in next three years as warehouse demand continues to grow February 16, 2024 The company's boss, David Sleath, made these comments alongside its full-year numbers, which showed a 12.5 per cent jump in rental income.
Lidl wants to build one if its biggest ever supermarkets and 71 homes at Bingo site in Greenwich February 15, 2024 Lidl wants to construct 71 new homes and a 31,000 sq ft supermarket at the site of a former Mecca Bingo site in Greenwich, in its latest tactic to secure planning permission for a new site in London. The supermarket, proposed to be located on the first and group floor of the building, would be [...]
Belvoir Group’s £110m merger sets completion date after shareholder approval February 15, 2024 A £110m merger between The Property Franchise Group (TPFG) and Belvoir Group is to complete next month.
Oxford Street: Derelict House of Fraser site to get £132m revamp – with new offices and a swimming pool February 15, 2024 House of Fraser’s former flagship site on Oxford Street is set to undergo a £132m transformation, which will bring new offices and a swimming pool to the retail drag.
Meet the man trying to rebuild Purplebricks from the ground up February 15, 2024 Purplebricks was sold for £1 last year - now Sam Mitchell is trying to rebuild it
FCA: Three arrested in ‘major’ operation linked to insider dealing and organised crime February 14, 2024 A "major operation" by the financial watchdog and national crime body has arrested three men accused of insider dealing and money laundering linked to gangs.
UK and London house prices drop again but ‘affordability still a huge barrier’ February 14, 2024 House prices fell in December with the average price of a property now costing £285k – but it’s still hard to afford a home for lots of Britons. The figure, according to a new government release, is down £4,000 when compared to the exact same period the year before, but up from 2.3 per cent [...]