Trafford Council’s £17.5m developer loan suffered ‘technical breach’ Trafford Council’s £17.5m loan to the developer behind the Albert Estate office scheme in Manchester has suffered a “technical breach”.
Aberdeen Standard Investments snaps up £41m BTR scheme in Leeds Clients of Aberdeen Standard Investments (ASI) have bought a 324-unit build-to-rent (BTR) scheme outside Leeds city centre from HASItus Leeds for £41m.
Nearly quarter of industry think Russian money laundering cannot be stopped Almost a quarter of the property industry believe that Russian money laundering in the British property market cannot be stopped because regulators lack the necessary powers.
RICS commits to better representation of black professionals The Royal Institution of Chartered Surveyors (RICS) has announced commitments to advance inclusion for black RICS members.
Grosvenor Europe announces SGG Apparel pop-up Grosvenor Europe has announced that SGG Apparel, the clothing line inspired by footballer Steven Gerrard, has launched its first ever bricks-and-mortar retail offering at Liverpool ONE.
University operators hoping for flurry of leasing deals as students get their results University operators are hoping for a much-needed bounce in leasing deals over the next few weeks as a fresh wave of students prepare to start courses on the back of today’s A-level results.
Picton REIT appoints Richard Jones as NED UK real estate investment trust Picton Property Income has hired Richard Jones as its new non-executive director.
Travis Perkins sells off site for £1.6m Travis Perkins has sold a trade counter investment to a private investor for £1.6m, representing a net initial yield of 3.83%.
West End footfall climbs on government back-to-work announcement Footfall in London’s West End has ticked up in the last week on the back of the government announcement encouraging people back into the office.
Babcock signs 132,000 sq ft pre-let at Bristol Business Park Defence giant Babcock has signed a pre-let in Bristol Business Park for more than 132,000 sq ft of office space as the scheme is sold to Aviva for over £55m.
Covent Garden landlord Capco posts drop in values Capital and Counties (Capco) reported a slump in the value of its Covent Garden property portfolio yesterday.
Empiric swings to a loss amid Covid-19 income uncertainty Empiric Student Property swung to a pre-tax loss in the first six months of 2020, with Covid-19 causing uncertainty over future income.
Stock market summary: 12 August Capital & Counties’ share price fell by 8.2% after its first half results revealed a 41% plunge in income and 12% reduction in the value of its portfolio in the first half of the year.
Short-term boom in residential market may be followed by a ‘bust’ The stamp duty holiday played a ‘significant role’ in the recovery of the residential market but these gains may be short-lived as government support measures taper off, a RICS monthly residential market survey has revealed.
Hollis appoints new head of environmental consultancy Consultancy Hollis has promoted Vikki Aitkenhead to head of its environmental consultancy.
Moda signs £10m Section 106 at 824-home Hove development Developer Moda Living and joint venture partner Apache Capital have signed a £10m section 106 agreement on their £260m, 824-home scheme on the former Sackville Trading Estate in Hove.
Plans for Barnet affordable scheme submitted for approval Plans drawn up by Barnet Homes and architect RCKa for a 100% affordable housing scheme in London have been submitted to Barnet council for approval.
Paragon partners with Node Project management consultancy Paragon has signed a strategic partnership with proptech firm Node in improve its digital infrastructure.
South West F&B tenants received largest regional rent discount Rental deductions in the casual dining sector varied regionally with tenants in the South West receiving the largest discount, according to research by Colliers International.
Quadrum gets go ahead for Victoria redevelopment Investor developer Quadrum has been given the green light for a 150,000 sq ft redevelopment in Victoria.
HelloFresh lease 230,384 sq ft distribution warehouse Meal kit company HelloFresh has leased 230,384 sq ft of logistics space at Goodman’s Nuneaton 230 development in Warwickshire.
UBS lets 6,506 sq ft in Croydon UBS Global Asset Management, on behalf of Triton Property Fund, has completed the letting of the eighth floor at Knollys House in Croydon, south London, to insurance advisory business PIB Group, which is expanding its occupation within the building.
Southern Grove’s £25m Lewisham housing scheme unveiled Developer Southern Grove has released plans to provide 39 affordable homes on a derelict site in Lewisham, south-east London, as part of a £25m housing scheme.

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