Helen Ozolins
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Dalata agrees sale and leaseback deal with Deka for Birmingham hotel
Dalata has agreed a sale and leaseback deal with Deka for Hotel La Tour, a hotel in Birmingham that it paid £31m for in July.
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Stamp duty’s cost to the economy
Stamp duty is having a negative effect on the economy, potentially costing it £9.28bn, according to the Adam Smith Institute.
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Corbyn on housing
Housing should be about homes for the many, not investment opportunities for the few, Labour party leader Jeremy Corbyn told a rally.
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Sainsbury’s puts bid for Nisa on hold
Sainsbury’s is putting on hold a potential bid for Nisa due to concerns about how the Competition and Markets Authority might view such a bid and the regulator’s initial views…
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Standard Life and Aberdeen Asset Management complete merger
Standard Life and Aberdeen Asset Management completed their merger, with shares in the new company, Standard Life Aberdeen, enjoying their first day of trading.
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News from the nationals
Round-up of the top property stories with quick links to the nationals.
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One in six care homes at risk
One in six care homes are at risk of failure, according to a survey of 7,497 homes by accountants Moore Stephens.
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Hilton to add 30 UK hotels over two years
WEEKEND PAPERS: Some 30 new Hilton hotels will open in the UK over the next two years, expanding the US chain’s presence in the country by nearly 25%.
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Schroders pays £44m for the Self Storage Company
Investment management company Schroders’ UK real estate fund has paid £44m to acquire the Self Storage Company, looking to benefit from the increasing demand for self-storage units.
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White Company to move into former BBC HQ
WEEKEND PAPERS: The White Company will occupy 32,000 sq ft of office space in the BBC’s former base in White City, west London.
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Property market value divergence causes concern
A divergence between public and private market values has been a feature of UK property this year, with discounts to net asset value near five-year highs while assets are being…
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Newham councils estimates 13,000 landlords failing to declare rental income
Newham council in East London has identified some 13,000 landlords who have not signed up for self-assessment, normally a requirement for those renting out property.