News
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GLA launches £2bn City Hall investment fund
MIPIM: Mayor of London Sadiq Khan and the Greater London Authority have launched a £2bn development fund. The City Hall Developer Investment Fund will allow the government to invest in…
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Tritax Big Box lines up development options at three parks
Tritax Big Box Developments is eyeing expansion at three of its logistics parks, totalling 2.6m sq ft. At Tritax Park Oxford, the logistics developer has submitted plans to build 1.8m…
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Savills grows profit as transactional markets recover
Savills said it has managed to navigate a challenging market environment to deliver double-digit earnings growth in 2024. The consultancy’s revenue increased to £2.4bn year-on-year from £2.2bn, pushing pretax profit…
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Empiric keeps focus on ‘deployment and delivery’
Empiric Student Property said its plan for growth was fruitful in 2024. The PBSA owner and operator reported a 4.6% increase in revenue in 2024 to £84.2m. It attributed the…
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Australian retailer Harvey Norman expands UK presence with new store and HQ
BPG and SAV Group, owners of the Gracechurch shopping centre in Royal Sutton Coldfield, West Midlands, have signed a deal with Australian retailer Harvey Norman for a new store and…
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Former CA Ventures boss launches student living group
John Diedrich, the former chief investment officer of CA Ventures, has formed a student group with a £200m development pipeline. Elva Ventures will develop and operate student assets across Europe.…
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Commercial ground rents: finding a new market
COMMENT From one perspective, commercial ground rents might seem to be the “driest” of all property investment types. Although they may not appear to offer the same kind of immediate…
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ARC partnership launches Co:Labs facility for VC firms
Brookfield’s life sciences spin off, ARC, has partnered with the Rosalind Franklin Institute to launch a facility catering to venture capital firms. Co:Labs will allow VC firms to be closer…
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MIPIM 2025: ‘Could this really be the year that “offices” stops being a dirty word?’
EDITOR’S COMMENT It’s the second day of MIPIM as I write this column. I’ve been soaked to the bone in numerous downpours, but there are far worse places for that…
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Duo of agents assigned to Manchester’s Upper Brook Street labs
Kadans Science Partner has tasked Knight Frank and Carter Jonas to develop the marketing strategy for the first phase of £436m Upper Brook Street in Manchester. The move comes as…
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Retail and industrial drives continued capital and rental growth in February
UK commercial real estate’s capital values increased by 0.2% in February. Rental values also increased by 0.2% month-on-month, while total returns for commercial property rose by 0.6%, according to CBRE…
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Abrdn signs Alliance Healthcare at Brum industrial estate
Abrdn has secured Alliance Healthcare as the latest tenant at Gravelly Industrial Park in Birmingham on behalf of the Standard Life Pooled Pension Property Fund. The healthcare wholesaler and distributor…