Peace gets top property job, gap closes for Capital Gains Tax and yet more delays for business rates reform
New York hedge fund Och-Ziff Real Estate has acquired a £60m high street portfolio, marking its first direct property investment in the UK.
Surprise stamp duty tax hike announced during the Spending Review has been criticised by the buy-to-let sector as an “attack” on small private landlords.
Developers targeting new transport links for regeneration projects have been rewarded with the “biggest increase” in infrastructure spending in a generation by the chancellor.
AshbyCapital has secured an £80m loan facility from AgFe for Colmore Plaza in Birmingham
Allied London has appointed agents to sell its XYZ office scheme in Manchester’s Spinningfields
Westrock has secured a £70m development finance facility from M&G Investments for its PRS portfolio.
The Iron chancellor was more like a magician pulling rabbits from a hat as he announced surprise funding boosts, from housebuilding to pensions and infrastructure, during the comprehensive spending review.
Middle Eastern private investors have bought one of Liverpool’s iconic Three Graces, the Port of Liverpool Building, for £27.6m.
SPENDING REVIEW 2015: Chancellor George Osborne has announced 26 new or extended enterprise zones, which will launch in April.
SPENDING REVIEW 2015: A new London help-to-buy scheme has been announced by chancellor George Osborne
SPENDING REVIEW 2015: Northern Ireland, Scotland and Wales will get grant increases over the next five years