Louisa Clarence-Smith
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Grainger to sell equity release division
Grainger has exchanged contracts with Turbo Group Holdings to sell its equity release division for around £325m, including debt.
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UKCPT buys two assets for £50.8m
UK Commercial Property Trust has announced the £50.8m purchase of an office building in Newcastle and a leisure scheme in Glasgow.
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Extra £1.2bn pledged for starter homes
David Cameron will announce £1.2bn in extra funding to build 30,000 “starter homes” on brownfield land over the next five years.
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Analysis: Taking the temperature in Paris
This week’s Paris climate agreement, which was applauded for the scale of its ambition in cutting greenhouse gas emissions, has far-reaching implications for the property industry.
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Leeds’ Central Square adds up for RSM UK
RSM UK is under offer to lease 25,000 sq ft at the £100m Central Square development in Leeds.
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Government announces local authority funding package
Local authorities will face a 6.7% cut in real-terms spending over the next four years as the government moves to devolve more fiscal powers from Whitehall.
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‘World-class’ concert hall earmarked for EC2
A new £278m concert hall should be built on the site of the Museum of London, EC2, a government-commissioned feasibility study has found.
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FairBriar plans first phase of £700m Salford scheme
FairBriar International has received planning consent for the first phase of a £700m mixed-use scheme in Salford, Greater Manchester.
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M&G buys Bloomberg HQ for £92.5m
M&G Real Estate has bought the freehold ground lease of Bloomberg Place, EC2, from Legal & General for £92.5m
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Cash shortfall hits Oxford regen
Grosvenor’s 885-home regeneration of Barton Park, Oxford, could be scaled back after Oxford city council announced a £33.6m funding shortfall
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TCS selects agents for Merrion Way
Town Centre Securities has appointed Metis Real Estate Advisors and Fox Lloyd Jones as joint agents on the Merrion Way development at the Arena Quarter in Leeds
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Buy-to-let landlords hit by Scottish Budget
Buy-to-let landlords and people buying second homes in Scotland will have to pay an extra 3% charge on purchase prices