Karl Tomusk
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Lincoln to buy Reading’s Station Hill site for £70m
US multi-family developer Lincoln Property Company is in advanced negotiations to buy the Station Hill development site in Reading from Benson Elliot and Stanhope for £70m.
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InfraRed offloads industrial portfolio to Blackstone and M7
InfraRed Capital Partners has sold its UK light industrial portfolio to Blackstone and M7 Real Estate for £320m – a net initial yield of about 6.3%
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BNP Paribas posts revenue increase
BNP Paribas Real Estate’s international growth, including its merger with Strutt & Parker in the UK, led to a 15.2% jump in revenue in 2017 to €811m, the company said…
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Office investment in UK’s ‘big six’ cities hits decade high
Office investment in the UK’s six major regional cities hit £2.9bn in 2017 – up 49% year-on-year and the highest in a decade, according to JLL.
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North West growth outperforms the UK market
House prices in Manchester are forecast to rise 6.5% this year as growth in the North West significantly outperforms the UK average.
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Mead joins APAM in shopping centre role
APAM has appointed Daniel Mead as head of shopping centre asset management.
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Muse to partner with Wirral in £1bn regen
Muse Developments has been chosen as the 50/50 joint venture partner in Wirral Council’s £1bn mixed-use regeneration plan
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Unite plans £170m share issue
Unite Group is looking to raise £170m through a share issue to fund development schemes in London and Oxford.
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‘Overvalued’ assets ‘near tipping point’
UK commercial property is overvalued by 12.2% and nearing the point at which a sharp fall is highly likely, according to research from the Property Industry Alliance
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PHP in rude health with NAV hike and board changes
Primary Health Properties has appointed former Deloitte partner Ian Krieger and Dr Stephen Kell OBE as independent non-executive directors.
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Jon Gray replaces Tony James at Blackstone
Blackstone has appointed head of real estate Jon Gray as president and chief operating officer after Tony James stepped down from the role
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Fortwell in £40m refi for care home developer
Fortwell Capital has extended a revolving finance facility to care home developer LNT Care Developments by three years, increasing the amount available to £40m