Housing

Landmark ruling sets rateable value of Exeter museum at £1 The High Court has ruled that a loss-making museum owned by Exeter Council has a rateable value of £1 in a decision that could pave the way for museums across the country to seek reductions in their valuation.
Increase in office take up in Glasgow and Edinburgh in Q4, CBRE data reveals Office take-up in Glasgow and Edinburgh rose in the last three months of 2019, according to CBRE’s latest figures on the Scottish office market.
Institutional investors have greater appetite for risk in 2020 Institutional investors have indicated they have a greater appetite for risk in the year ahead, according to a survey from INREV, the European Association for Investors in Non-Listed Real Estate Vehicles.
BTR homes completed outside London rises 51% The number of newly completed build-to-rent homes (BTR) in the UK has increased by 51%, according to data from the British Property Federation and Savills.
Fifth Wall looks to raise $200m for sustainability fund Fifth Wall Ventures is planning to raise about $200m (£153m) for a sustainability-focused real estate fund.
Student digs giant UPP appoints NHS property boss as new CEO Student accommodation giant UPP has appointed NHS Property Services boss Elaine Hewitt as its new chief executive, Property Week can reveal.
Orchard Street buys industrial estate for £40m Property investment manager Orchard Street has bought an industrial estate in Chessington, Greater London, for just over £40m on behalf of wealth manager St James’s Place UK.
Martin’s Properties ups stake in Obsidian Strategic to 95% Oliver Myerson promoted to head of Obsidian as Martin’s continues to diversify away from Chelsea heartland.
James & James pulls logistics deal Ecommerce fulfilment firm James & James’ acquisition of spec-built Northampton logistics scheme Liberty 196 has fallen out of bed.
REI seeks to buy other regional property firms Chief executive Paul Bassi says he expects 2020 to be ‘a year of consolidation’
European funds’ exposure to UK property halves The weighting of pan-European property funds to UK property has almost halved since the Brexit vote, reveals data from MSCI’s Pan-European Property Fund Index (PEPFI).

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