Louisa Clarence-Smith
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Property counts £700m flood costs
December storms which devastated swathes of Britain are expected to result in £500m-£700m insurance payouts for the commercial property industry, according to PwC.
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Farmer and Arcadis duo form Cast of new consultancy
Arcadis head of residential Mark Farmer has set up a new specialist consultancy that will focus on residential development and investment.
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Orchard Street picks Newcastle office for £40m
Orchard Street Investment Management has bought Wellbar Central in Newcastle for just over £40m – setting a record low yield for the city of 6%.
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Carillion buys stake in Ask Real Estate
Carillion has bought a majority state in Manchester-based developer Ask Real Estate
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BPF welcomes planning proposals
Government proposals to allow private sector bodies or alternative local authorities to process planning applications have been welcomed by the BPF.
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Government proposes partial privatisation of planning system
Proposals to partially privatise the planning system would allow developers to choose who processes their application
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Addleshaw Goddard signs for One St Peter’s Square
Addleshaw Goddard has taken 56,000 sq ft at One St Peter’s Square in Manchester
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Housing zones receive £6.3m
Government funding will speed up preparation of brownfield sites for families and first-time buyers
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GMPVF to fund Urban Splash scheme
Urban Splash has secured funding from the Greater Manchester Property Venture Fund for an innovative custom-built housing project in Manchester
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Parabola sells Central Square
Parabola Estates has sold Central Square in Newcastle to a Guernsey-based UK commercial property trust for £21.6m
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Brookfield jv buys Potsdamer Platz
A Brookfield Property Partners subsidiary has bought Berlin’s Potsdamer Platz in a joint venture deal with an Asian sovereign wealth fund.
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KWE buys Italian assets
Kennedy Wilson Europe Real Estate has bought nine offices in Italy for £137.3m – a net initial yield of 6.3%.