Labour stamps on resi costs
Labour leader Ed Miliband has pledged to exempt first-time buyers from as much as £5,000 in stamp duty on properties valued at up to £300,000. Labour has also said it will cap private sector rents, raise stamp duty on non-EU investors to at least 3%, and give locals priority to buy half of new homes in their area.
DTZ to fuel car park sale
DTZ and Savills have been appointed to market Blackstone’s Carrington
Street Car Park in Mayfair, W1, as a site with potential for a £250m development. The
half-acre site near Hyde Park Corner, SW1, is earmarked for uses including luxury flats, a casino, museum, hotel, embassy and a gallery.
Mort to head CBRE team
CBRE has appointed former Savills and Knight Frank agent Neil Mort to head its Manchester office agency team after the resignation of director Mark Worthington. Worthington replaced Alex Russell after his move to Property Alliance Group. He is leaving CBRE after seven years to set up a Liverpool agency.
Warehouse portfolio for Logicor
Blackstone’s Logicor has bought 6m sq ft of logistics assets from Oaktree Capital Management and Anglesea Capital for £358m. The portfolio consists of 16 warehouses, across the UK, including in Birmingham, Leeds and Oxford. The vendors purchased it for around £280m in 2014. Logicor’s UK portfolio now stands at 21m sq ft.
JV launches Wembley Park resi
Quintain Estates and Keystone have launched their second residential joint venture at Wembley Park, north-west London. A total of £19m was paid by the 50:50 joint venture to Quintain for the 1.5-acre 362-home plot. Quintain will pay the jv £36.8m for 120 of the homes for its private rented sector portfolio.
