Residential
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Uliving funds Colchester student scheme
Student housing developer and operator Uliving has agreed to finance a £67.5m scheme for the University of Essex in Colchester
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House prices fall for third month in a row
House prices fell 0.2% in May, easing from April’s 0.4% drop but stretching the run of declines to three straight months for the first time since 2009, figures from Nationwide…
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Chinese investors voice pros and cons over Scottish development
A clunky planning regime and low supply are putting Chinese investors off Scottish development opportunities, according to CITIC & GBA Asset Management chairman Grace Bian.
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Patrizia instructs agents to sell majority stake in First Street
The German investor and asset manager is seeking around £50m for the stake in the partially-developed site in Manchester.
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Fusion Students secures £100m from Alchemy
Student housing developer Fusion Students has agreed a £100m funding deal with Alchemy, the European private equity and special situations fund
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Rolls-Royce’s Toogood to head L&G modular housing business
Legal & General has hired Rosie Toogood as chief executive of its modular housing business.
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House prices fall again in May
UK house prices fell for a third consecutive month in May by 0.2%, according to the Nationwide House Price Index
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ICBC funds Henley’s £50m student buy
ICBC has provided a £30m investment facility to private equity investor Henley to support its £50m acquisition of a student portfolio
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London councils go for second bite of s106 cherry
Councils across London plan to claw back further affordable housing contributions from developers by imposing deferred contributions once buildings near completion
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McCarthy & Stone announces two promotions
McCarthy & Stone has promoted John Tonkiss to chief operating officer and Darren Humphreys to central divisional managing director
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Scott Hammond and Martin Bellinger leave Essential Living
Chief operating officer Martin Bellinger and managing director Scott Hammond have left residential rental developer Essential Living.
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Mortgage lending growth lowest in a year
Mortgage lending rose by £2.7bn in April, the smallest amount since the same month last year, Bank of England data showed.