News
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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London-based private equity firm True Capital has withdrawn from purchasing Borough Yards, SE1, from European real estate investment manager Mark.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…
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L&G forms resi JV with Japanese developer Nomura
Legal & General has formed a partnership with Japanese developer Nomura Real Estate Development to deliver more than 1,000 build-to-rent homes. The joint venture has been launched with the acquisition…
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Lettings hat-trick at Bedfordshire industrial estate
BrightBay Real Estate has signed a trio of occupiers at Bilton Way Industrial Estate in Luton, Bedfordshire. Cromwell Tools has taken a 10-year lease on a 16,700 sq ft warehouse;…
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Colliers hires head of retail capital markets from Montagu Evans
Colliers has appointed Mark Girling as an executive director to lead its retail capital markets team. He will be part of Colliers’ 40-plus member capital markets team, which includes specialists…
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Government announces £2bn funding for new homes
Chancellor Rachel Reeves and deputy prime minister and secretary of state for housing Angela Rayner have announced a £2bn injection into the Prime Minister’s Plan for Change. The investment will deliver up…