News
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Allfunds jumps ship to Southbank
Fintech company Allfunds has signed a lease with Fore Partnership to prelet space at its TBC.London development on the Southbank. The deal will see the company take around 16,500 sq…
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Industry’s lukewarm response to Spring Statement
Chancellor Rachel Reeves’ Spring Statement has received an underwhelming response from the property sector. The statement includes the government doubling down on its commitment to “back the builders”, with the…
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Supermarket Income REIT appoints executive directors
Supermarket Income REIT has appointed new executive directors following the internalisation of its management function. Rob Abraham has been named chief executive officer, and Mike Perkins has been appointed chief…
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Eddisons grows Midlands and North West valuations teams
Eddisons has strengthened its valuations team with an appointment of two directors in its Midlands and North West offices. Tim Richardson joins the team in the Midlands, while Tom Tawn…
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Wain Estates seeks developer for £50m West Midlands resi estate
Wain Estates has launched the hunt for a development partner who will bring forward a detailed scheme on the edge of the Shropshire village of Albrighton. It comes as the…
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Aldgate office tower sells for 25% ahead of asking price
Private clients of Sumitomo Mitsui Trust Bank have bought One Portsoken Street in Aldgate, E1, for more than £160m, marking the largest transaction in the City of London so far…
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Regional REIT looks to bolster coffers ahead of market upturn
Regional REIT boss Stephen Inglis has expressed “absolute confidence” in his company’s strategy, as it looks to dispose of a fifth of its portfolio ahead of an expected market upturn over the next year.…
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Why 2025 will be a buying opportunity
COMMENT Although MIPIM is now in the rear-view mirror, there will have been two themes from the week in Cannes that stick in people’s minds. The first is the weather,…
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Queer Britain launches search for expanded LGBTQ+ museum
The charity Queer Britain is reaching out to London boroughs, developers and the real estate industry in a bid to find a new, larger home for its LGBTQ+ museum. Queer…
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Investec provides PBSA operator with £86.5m loan
Investec has provided Global Student Accommodation with an £86.5m refinancing loan secured against a portfolio of five stabilised PBSA assets in England. The portfolio comprises 1,460 beds across Therese House…
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True Capital pulls deal to buy Mark’s Borough Yards
London-based private equity firm True Capital has withdrawn from purchasing Borough Yards, SE1, from European real estate investment manager Mark. True Capital was set to pay £132m but later reduced…
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Henry Boot boss on building bigger and better
The chief executive of real estate group Henry Boot has mapped out his path to build “a bigger, better and more profitable business” as markets recover. Tim Roberts has led…